City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

[mad4city]

Your £433m number is misleadingly as well mate. Don't misunderstand - it is accurate - but the point is their current year number will be around £390m according to their own projections, due to their missing out on the CL. We will be around that figure this year, I reckon.

But they can miss the CL this year and not lose any Adidas money. They have to miss it this year and next year for that to be impacted. So they will be back into the mid £400's for FY 15/16 no matter what happens. £500m+ probably if they get top 4 this year.

But imagine the glee after the 2015 results - that will be a fun day!

Yes, it really matters not, but overtaking them revenue-wise would be highly symbolic and a source of much merriment :-)

It will be VERY interesting to see how the rag press will report it, assuming it happens!

Fair enough, I'm as well up for a spot of schadenfreude as the next man... when can we expect those fuckers to release their figures, then?

 

[john@staustell]

But imagine the glee after the 2015 results - that will be a fun day!

Yes, it really matters not, but overtaking them revenue-wise would be highly symbolic and a source of much merriment :-)

It will be VERY interesting to see how the rag press will report it, assuming it happens!

Fair enough, I'm as well up for a spot of schadenfreude as the next man... when can we expect those fuckers to release their figures, then?

We are talking about the ones that will come out next Oct/Nov/Dec mate

 

[Wilf Wild 1937]

A large behemoth club like United will be far more set in their ways. The marketing they do will be churning the handle in the same old ways they did last season, and the season before etc. The deals they do will be 'more of the same'.
A club like City, starting from a cleaner slate are more dynamic and much more 'lets try this, lets do that' mode of thinking. Vibrant and responsive as opposed to monolithic and slow to change.

A very good point. United are a bit like General Motors in the 1950s.

At the time GM's chairman stated "GM doesn't have bad years. GM has good years and better years."

GM had revolutionised the way massive (ha,ha) companies were structured and dominated the motor industry.

The GM way was the best way. I doubt GM had even a passing interest in what was happening in Japan at that time.

GM's rivals were Ford. Always had been, always would be, and it was inconceivable that this would change.
Chrysler were a minor irritation.

GM remained the number one for a long time but eventually had to be bailed out by the US government.

Substitute Liverpool for Ford, Arsenal for Chrysler and think of ourselves as Toyota or Nissan and you have the picture.

The only real difference is that "the changing of the guard" happens much faster in football.

 

[mad4city]

Yes, it really matters not, but overtaking them revenue-wise would be highly symbolic and a source of much merriment :-)

It will be VERY interesting to see how the rag press will report it, assuming it happens!

Fair enough, I'm as well up for a spot of schadenfreude as the next man... when can we expect those fuckers to release their figures, then?

We are talking about the ones that will come out next Oct/Nov/Dec mate

Ah, for Jaysus sake, I can't be waiting that long!

Now, where did I leave my Chelsea gear..?

 

[Chippy_boy]

Yes, it really matters not, but overtaking them revenue-wise would be highly symbolic and a source of much merriment :-)

It will be VERY interesting to see how the rag press will report it, assuming it happens!

Fair enough, I'm as well up for a spot of schadenfreude as the next man... when can we expect those fuckers to release their figures, then?

We are talking about the ones that will come out next Oct/Nov/Dec mate

Yes, their year end is end June and they annouce their results towards the back end of October. Ours is end of May, but we don't release the results until about December time for some reason. So it will be by around December before we know if we outgrew them this year.

 

[FanchesterCity]

A large behemoth club like United will be far more set in their ways. The marketing they do will be churning the handle in the same old ways they did last season, and the season before etc. The deals they do will be 'more of the same'.
A club like City, starting from a cleaner slate are more dynamic and much more 'lets try this, lets do that' mode of thinking. Vibrant and responsive as opposed to monolithic and slow to change.

A very good point. United are a bit like General Motors in the 1950s.

At the time GM's chairman stated "GM doesn't have bad years. GM has good years and better years."

GM had revolutionised the way massive (ha,ha) companies were structured and dominated the motor industry.

The GM way was the best way. I doubt GM had even a passing interest in what was happening in Japan at that time.

GM's rivals were Ford. Always had been, always would be, and it was inconceivable that this would change.
Chrysler were a minor irritation.

GM remained the number one for a long time but eventually had to be bailed out by the US government.

Substitute Liverpool for Ford, Arsenal for Chrysler and think of ourselves as Toyota or Nissan and you have the picture.

The only real difference is that "the changing of the guard" happens much faster in football.

That's exactly how I see it.
I'm not into trying to pretend United aren't big, I'm definitely in the camp of 'but we are more agile, and they'll still be looking over their shoulder wondering were we've gone when we're overtaking them'.

Liverpool did precisely the same. Mocked United, said they'd never catch up... and they did. United are making the same mistake with us. Complacency is a killer.
It's partly why I'm reluctant to slag off other clubs though, because there's no need. If we just get on with winning, the rest will take care of itself, but we can't get complacent either, we should expect a bit of a fight.

 

[Tim of the Oak]

A large behemoth club like United will be far more set in their ways. The marketing they do will be churning the handle in the same old ways they did last season, and the season before etc. The deals they do will be 'more of the same'.
A club like City, starting from a cleaner slate are more dynamic and much more 'lets try this, lets do that' mode of thinking. Vibrant and responsive as opposed to monolithic and slow to change.

A very good point. United are a bit like General Motors in the 1950s.

At the time GM's chairman stated "GM doesn't have bad years. GM has good years and better years."

GM had revolutionised the way massive (ha,ha) companies were structured and dominated the motor industry.

The GM way was the best way. I doubt GM had even a passing interest in what was happening in Japan at that time.

GM's rivals were Ford. Always had been, always would be, and it was inconceivable that this would change.
Chrysler were a minor irritation.

GM remained the number one for a long time but eventually had to be bailed out by the US government.

Substitute Liverpool for Ford, Arsenal for Chrysler and think of ourselves as Toyota or Nissan and you have the picture.

The only real difference is that "the changing of the guard" happens much faster in football.

Maybe so. I would just add that our marketing was more risk taking a few years ago with the Tevez "Welcome to Manchester" hoardings etc. this contrasts with the risk averse East Stand spelling out Together rather than Kippax at the end of last season.

We seem to have gone more textbook / MBA type approached over recent times.

 

[FanchesterCity]

Fair enough, I'm as well up for a spot of schadenfreude as the next man... when can we expect those fuckers to release their figures, then?

We are talking about the ones that will come out next Oct/Nov/Dec mate

Yes, their year end is end June and they annouce their results towards the back end of October. Ours is end of May, but we don't release the results until about December time for some reason. So it will be by around December before we know if we outgrew them this year.

It'll be more interesting to see their profit too. I assume Moyes will have been paid off handsomely, then next years results will have to cover the spending LvG's undertaken. Whilst the Adidas deal gives them a big boost, they'll have blown it all on incoming transfers, and worse still, there's not many there they can sell on for much. RvP's near end of life, and Rooney's stock is collapsing. The next two years stand to make very good reading.

 

[JoeMercer'sWay]

We are talking about the ones that will come out next Oct/Nov/Dec mate

Yes, their year end is end June and they annouce their results towards the back end of October. Ours is end of May, but we don't release the results until about December time for some reason. So it will be by around December before we know if we outgrew them this year.

It'll be more interesting to see their profit too. I assume Moyes will have been paid off handsomely, then next years results will have to cover the spending LvG's undertaken. Whilst the Adidas deal gives them a big boost, they'll have blown it all on incoming transfers, and worse still, there's not many there they can sell on for much. RvP's near end of life, and Rooney's stock is collapsing. The next two years stand to make very good reading.

and they have a lot of players whose contracts are up either this summer or next, so it will cost them money to replace them, though for the British lot they'll still get stupid fees for them if they want to sell them this summer.

 

[Chippy_boy]

We are talking about the ones that will come out next Oct/Nov/Dec mate

Yes, their year end is end June and they annouce their results towards the back end of October. Ours is end of May, but we don't release the results until about December time for some reason. So it will be by around December before we know if we outgrew them this year.

It'll be more interesting to see their profit too. I assume Moyes will have been paid off handsomely, then next years results will have to cover the spending LvG's undertaken. Whilst the Adidas deal gives them a big boost, they'll have blown it all on incoming transfers, and worse still, there's not many there they can sell on for much. RvP's near end of life, and Rooney's stock is collapsing. The next two years stand to make very good reading.

Bear in mind this, too (from their own latest prospectus):

"Although our profit for our years ended June 30, 2013 and 2012 was £146.4 milli and £23.3 million, respectively, such amounts include tax credits of £155.2 million and £28.0 million, respectively. Net of those tax credits, we would have realized a loss in each of our fiscal years ended June 30, 2013 and 2012."