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City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)
- Thread starter Marvin
- Start date
gordondaviesmoustache
Well-Known Member
Re: City & FFP (continued)
Very well put.Dribble said:Hence the Barca/Qatar link.aguero93:20 said:Falastur said:I just don't see Real being bribed into becoming our friends. As one of the supposed cartel, they should be doing everything they can to kick us out of Europe permanently, and it's not like they need to accept Mansour's offer - he might be offering more than anyone else, but at the end of the day it's Real Madrid and if they asked the King of Spain and the Prime Minister to help them out then I'm sure a flood of offers in the hundreds of millions would come rushing in. And then there's Platini, who is desperate to do anything he can to destroy City. Can you honestly not see his eyes lighting up like a bonfire at the opportunity to accuse us of corruption and bribery if part of the deal were actually to buy Real's silence? I just can't see it working out. I can't believe that Mansour would be so stupid as to open himself up to charges of buying off rivals.
Don't really want to be drawn into this discussion but with the current investigation of illegal state aid to Spanish clubs by the EU I don't think that was an option open to Real, just as it wasn't for Barca and Valencia, hence all 3 clubs having to locate external financing/owner investment.
The sands are shifting in the world of football and anyone with sense can see there ’s nothing to be gained in the long-term by constantly carping on about how unfair it is that you have to compete with someone who has more money than you.
The G14 have made their play with FFP and it was a one trick pony which only stalled our progress temporarily. They jizzed all they had in one hit and all but a few splashes touched us. Their swollen scrotums have now shrivelled and their ball bags are dry and I can't see what else they have left to come at us with. (Pardon the pun)
The next logical step? If you can't beat em, join em........ City/Real - PSG/Barca. As with every walk of life, money talks which leaves former allies like Burlusconi declaring that UEFA should hand out wild card places in the CL to reflect clubs like Milan, Inter and ManUre's past status and former glories and allow them to compete on the biggest European stage.
What have Barca and Real done? They're in the lifeboat where life looks a lot more chushty and at most they have thrown their fellow G14 comrades an inflated rubber ring and pointed them in the direction of the Middle East.
Its a cruel world sometimes.
Sir peace frog
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Re: City & FFP (continued)
I agree,however this bit "They jizzed all they had in one hit and all but a few splashes touched us" didn't go down too well as I was eating hot buttery toast and as the butter trickled down my chin :)
gordondaviesmoustache said:Very well put.Dribble said:Hence the Barca/Qatar link.aguero93:20 said:Don't really want to be drawn into this discussion but with the current investigation of illegal state aid to Spanish clubs by the EU I don't think that was an option open to Real, just as it wasn't for Barca and Valencia, hence all 3 clubs having to locate external financing/owner investment.
The sands are shifting in the world of football and anyone with sense can see there ’s nothing to be gained in the long-term by constantly carping on about how unfair it is that you have to compete with someone who has more money than you.
The G14 have made their play with FFP and it was a one trick pony which only stalled our progress temporarily. They jizzed all they had in one hit and all but a few splashes touched us. Their swollen scrotums have now shrivelled and their ball bags are dry and I can't see what else they have left to come at us with. (Pardon the pun)
The next logical step? If you can't beat em, join em........ City/Real - PSG/Barca. As with every walk of life, money talks which leaves former allies like Burlusconi declaring that UEFA should hand out wild card places in the CL to reflect clubs like Milan, Inter and ManUre's past status and former glories and allow them to compete on the biggest European stage.
What have Barca and Real done? They're in the lifeboat where life looks a lot more chushty and at most they have thrown their fellow G14 comrades an inflated rubber ring and pointed them in the direction of the Middle East.
Its a cruel world sometimes.
I agree,however this bit "They jizzed all they had in one hit and all but a few splashes touched us" didn't go down too well as I was eating hot buttery toast and as the butter trickled down my chin :)
S04
Well-Known Member
Re: City & FFP (continued)
You realise that it´s exactly how Opec wants it... ?
Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.
Marvin said:Anyone seen the price of oil recently?
You realise that it´s exactly how Opec wants it... ?
Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.
SilverFox2
Well-Known Member
Re: City & FFP (continued)
Is it possible that Sheik M. is just doing his day job for AD ?
The money generated from oil (albeit currently lower in value) needs to be invested in whatever projects can be found rather than lying dormant as a cash pile.
The Saudis had a great relationship with Bush and their investments in property and manufacturing via the bin Ladin family in the USA are massive.
We notice his football investments because he owns MCFC (via his investment arm ADUG) but surely it is just one of the sectors that he is investing. Certainly F1, Ferrari and Barclays Bank have dealt with him so is it not just an expension of his normal business practice. Perhaps Nissan maybe next ?
Certainly he will use his many contacts and who knows maybe Everton will seek funding or even Project Management know how for their new stadium but it is just business to Sheik M.
Banks have gone through a bad time recently with Spain in particular being severely constrained so bypassing them for funding seems a reasonable development to me.
Is it possible that Sheik M. is just doing his day job for AD ?
The money generated from oil (albeit currently lower in value) needs to be invested in whatever projects can be found rather than lying dormant as a cash pile.
The Saudis had a great relationship with Bush and their investments in property and manufacturing via the bin Ladin family in the USA are massive.
We notice his football investments because he owns MCFC (via his investment arm ADUG) but surely it is just one of the sectors that he is investing. Certainly F1, Ferrari and Barclays Bank have dealt with him so is it not just an expension of his normal business practice. Perhaps Nissan maybe next ?
Certainly he will use his many contacts and who knows maybe Everton will seek funding or even Project Management know how for their new stadium but it is just business to Sheik M.
Banks have gone through a bad time recently with Spain in particular being severely constrained so bypassing them for funding seems a reasonable development to me.
aguero93:20
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Re: City & FFP (continued)
Yeah, it's around $383,000,000 per day from Abu Dhabi's point of view :)
Marvin said:Anyone seen the price of oil recently?
Yeah, it's around $383,000,000 per day from Abu Dhabi's point of view :)
Re: City & FFP (continued)
Exactly and one of many factors. IIRC Opec still controls around 80% of oil reserves so they can all wait. Plenty left in UAE, not to mention the gas fields that are soon to be developed offshore around Jebel Ali.
Anyway, I see that Airport City is underway back home and Eithad have a big slice of that, don't they?
To answer someone else, HH Sh Mansour has a day job as UAE Deputy Prime Minister and Minister for Presidential Affairs. He doesn't just drive around in his Range Rover in his Yaya shirt.
CFG is part of the UAE's diversification of its economy. These things are not done on a whim and are long term strategies, very long term.
As for Real Madrid, the Gulf states have had strong links with Spain since the end of Franco [especially with the Spanish Royals] and have invested much over the years. Spanish firms also have large contracts in UAE and elsewhere in the GCC. So it's no surprise to see some cross investment. UAE invests in RM and Qatar in Barca. Par for the course. Does not affect CFG or, indeed, MCFC.
S04 said:Marvin said:Anyone seen the price of oil recently?
You realise that it´s exactly how Opec wants it... ?
Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.
Exactly and one of many factors. IIRC Opec still controls around 80% of oil reserves so they can all wait. Plenty left in UAE, not to mention the gas fields that are soon to be developed offshore around Jebel Ali.
Anyway, I see that Airport City is underway back home and Eithad have a big slice of that, don't they?
To answer someone else, HH Sh Mansour has a day job as UAE Deputy Prime Minister and Minister for Presidential Affairs. He doesn't just drive around in his Range Rover in his Yaya shirt.
CFG is part of the UAE's diversification of its economy. These things are not done on a whim and are long term strategies, very long term.
As for Real Madrid, the Gulf states have had strong links with Spain since the end of Franco [especially with the Spanish Royals] and have invested much over the years. Spanish firms also have large contracts in UAE and elsewhere in the GCC. So it's no surprise to see some cross investment. UAE invests in RM and Qatar in Barca. Par for the course. Does not affect CFG or, indeed, MCFC.
cleavers
Moderator
Re: City & FFP (continued)
Its down from $600,000,000 though :) They must be getting desperate, I can see him selling up soon.aguero93:20 said:Marvin said:Anyone seen the price of oil recently?
Yeah, it's around $383,000,000 per day from Abu Dhabi's point of view :)
BluessinceHydeRoad
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Re: City & FFP (continued)
I have only just read Petrusha's post, but wish to add my voice to the chorus of approval which greeted it. The Sheikh's purchase of our club and the resentment their development of it since 2008 are subjects which have provoked the flowing of as much ink as the of the oil that Abu Dhabi produces, but for me there is actually no mystery at all. Sheikh Mansour bought our club rather than any other for obvious, sound business reasons. He and his advisers were fully aware of the changes which had transformed football in the 80s and 90s. In brief, as we all no, football had decided NOT to become more business like rather than to become just like any other business and so any attempt to keep football competitive was abandoned so that the path to profit for the "top" clubs was to destroy competition on the pitch as a way of o increasing profits through European competition and TV money. Liverpool - the club which prided itself on not even having an overdraft - was left behind by United, where 3 times between 1986 and 1991 shareholders were asked to behave like sugar daddies and stump up the cash which the club couldn't earn, for new players, and then the club was sold off on the stock exchange because the club didn't earn enough for the players needed to challenge Liverpool and Arsenal. Arsenal also left Liverpool behind with players bought with an East end diamond merchant's money. Arsenal later built a stadium they couldn't afford, with money borrowed on the money markets, as a way of increasing match day income. Success on the pitch enabled these clubs in particular to increase their income from TV and commercial sources. Other clubs tried the same ways, but with very mixed success.
This was the football landscape the Sheikh surveyed in 2008. The supercasino had been killed off, and there were acres of city centre land which the city council was desperate to develop. And there was a football club, traditionally with crowds to rival any and surpass them too, but with a record of underachievement stretching back over 30 years. For relatively little investment Manchester City could be turned into a powerhouse of English (and European?) football. And this is what the Sheikh excelled at. Here was a businessman on a different scale to those picking over the bones of football, and there was no other country in the world to rival the commercial opportunities and TV revenue of English football - and there was an English club just waiting "to be knocked off its f****** perch." And with the capital to develop the stadium and the area around it, as well as the infrastructure of the club. Sheikh Mansour saw a game still suffering from chronic under-investment and knew that he and his advisers are simply better businessmen than those at other clubs. What he has done since is, at the simplest level, to take on the establishment with the business practices they chose, and show that he's miles better at it than they are. Their real worries will begin when he starts innovating! FFP has shown UEFA and the cartel still stuck in the 1990s - when Sheikh Mansour introduces them to the third millenium they really will have problems.
I have only just read Petrusha's post, but wish to add my voice to the chorus of approval which greeted it. The Sheikh's purchase of our club and the resentment their development of it since 2008 are subjects which have provoked the flowing of as much ink as the of the oil that Abu Dhabi produces, but for me there is actually no mystery at all. Sheikh Mansour bought our club rather than any other for obvious, sound business reasons. He and his advisers were fully aware of the changes which had transformed football in the 80s and 90s. In brief, as we all no, football had decided NOT to become more business like rather than to become just like any other business and so any attempt to keep football competitive was abandoned so that the path to profit for the "top" clubs was to destroy competition on the pitch as a way of o increasing profits through European competition and TV money. Liverpool - the club which prided itself on not even having an overdraft - was left behind by United, where 3 times between 1986 and 1991 shareholders were asked to behave like sugar daddies and stump up the cash which the club couldn't earn, for new players, and then the club was sold off on the stock exchange because the club didn't earn enough for the players needed to challenge Liverpool and Arsenal. Arsenal also left Liverpool behind with players bought with an East end diamond merchant's money. Arsenal later built a stadium they couldn't afford, with money borrowed on the money markets, as a way of increasing match day income. Success on the pitch enabled these clubs in particular to increase their income from TV and commercial sources. Other clubs tried the same ways, but with very mixed success.
This was the football landscape the Sheikh surveyed in 2008. The supercasino had been killed off, and there were acres of city centre land which the city council was desperate to develop. And there was a football club, traditionally with crowds to rival any and surpass them too, but with a record of underachievement stretching back over 30 years. For relatively little investment Manchester City could be turned into a powerhouse of English (and European?) football. And this is what the Sheikh excelled at. Here was a businessman on a different scale to those picking over the bones of football, and there was no other country in the world to rival the commercial opportunities and TV revenue of English football - and there was an English club just waiting "to be knocked off its f****** perch." And with the capital to develop the stadium and the area around it, as well as the infrastructure of the club. Sheikh Mansour saw a game still suffering from chronic under-investment and knew that he and his advisers are simply better businessmen than those at other clubs. What he has done since is, at the simplest level, to take on the establishment with the business practices they chose, and show that he's miles better at it than they are. Their real worries will begin when he starts innovating! FFP has shown UEFA and the cartel still stuck in the 1990s - when Sheikh Mansour introduces them to the third millenium they really will have problems.
SilverFox2
Well-Known Member
Re: City & FFP (continued)
I was in no way denigrating Sheik M.s job title, in fact we are probably both saying the same thing about long term business investment.
Surely in AD the main job is investing oil revenue rather than trying to balance the economy. ?
Imagine the difference in the UK if taxation could be avoided and cash was piling up.
Investing needs to look at many sectors of business and requires skills that Sheik M. obviously has.
Incidentally I have no knowledge of his sartorial or transport choices so I am unable to comment constructively.
coleridge said:S04 said:Marvin said:Anyone seen the price of oil recently?
You realise that it´s exactly how Opec wants it... ?
Right now hundreds of domestic producers in say USA are sweating blood because they need a price of $80pb to stay in business.
Exactly and one of many factors. IIRC Opec still controls around 80% of oil reserves so they can all wait. Plenty left in UAE, not to mention the gas fields that are soon to be developed offshore around Jebel Ali.
Anyway, I see that Airport City is underway back home and Eithad have a big slice of that, don't they?
To answer someone else, HH Sh Mansour has a day job as UAE Deputy Prime Minister and Minister for Presidential Affairs. He doesn't just drive around in his Range Rover in his Yaya shirt.
CFG is part of the UAE's diversification of its economy. These things are not done on a whim and are long term strategies, very long term.
As for Real Madrid, the Gulf states have had strong links with Spain since the end of Franco [especially with the Spanish Royals] and have invested much over the years. Spanish firms also have large contracts in UAE and elsewhere in the GCC. So it's no surprise to see some cross investment. UAE invests in RM and Qatar in Barca. Par for the course. Does not affect CFG or, indeed, MCFC.
I was in no way denigrating Sheik M.s job title, in fact we are probably both saying the same thing about long term business investment.
Surely in AD the main job is investing oil revenue rather than trying to balance the economy. ?
Imagine the difference in the UK if taxation could be avoided and cash was piling up.
Investing needs to look at many sectors of business and requires skills that Sheik M. obviously has.
Incidentally I have no knowledge of his sartorial or transport choices so I am unable to comment constructively.