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

[aguero93:20]

Can somebody check my maths here please?

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Sterling cost £44m on 5 years at £150k a week. Amortisation cost of £8.8m + wages cost of £7.8m = £16.6m

KdB could cost £40m on presumably same contract. Amortisation cost of £8m + wages of £7.8m = £15.8m

Pogba could cost £80m on 5 years at £250k a week. Amortisation cost of £16m + wages of £13m = £28m.

Total new costs are £60.4m

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Dzeko signed for 5 years in 2011 at £27m or £5.4m a year. He resigned a contract in 2014 for 4 years meaning he had £10.2m left, making his yearly cost now £2.7m. Plus wages on top of £8m makes total cost of £10.7m

Jovetic cost £23m for 5 years at £4.6m a year. Wages are approximately £6m a year making a cost of £10.6m a year.

Richards has left the club with £4m a year wages and no amortisation value due to him being an Academy graduate. Total cost of £4m a year.

Milner signed for 5 years for £25m or £5m a year cost. His wages were approx £6m a year meaning a total cost of £11m.

Lampard's wages were paid by City and reputably worth another £6m a year.

Total saved based on above would be £42.3m.

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So I reckon our increased outlay based on landing/selling the above would only be about £17m a year on the books, which should be immediately covered by rise in the TV deal. Can anyone show me where I might have gone wrong here?

£2m on amortisation for Sinclair plus probably around £2.5m in wages.

 

[Damocles]

I'm no expert on amortisation, but I'm fairly sure £16m + £13m (for Pogba) is £29m rather than £28m!

Floating point rounding error ;)

 

[Ric]

Floating point rounding error ;)

Haha!

 

[BooksReject]

Is Pogba going to cost us £80m or €80m? If the former thats €112m !!!

 

[Damocles]

£2m on amortisation for Sinclair plus probably around £2.5m in wages.

I genuinely forgot that he even existed.

I'm calling any above mistakes on outgoings within "the Sinclair margin of error"

 

[aguero93:20]

Is Pogba going to cost us £80m or €80m? If the former thats €112m !!!

Daily Mail says £112m

 

[Damocles]

Is Pogba going to cost us £80m or €80m? If the former thats €112m !!!

Always try to overestimate costs wherever possible. If we get him at €80m then he is even more affordier for us

 

[without a dream]

Cheers mate, so the total potential saving for next year is £41.1m rather than the £42.3m as listed. That 4.5 year contract seemed to level me.

And this is obviously presuming that the wages are all as reported which they likely aren't going to be but it isn't a bad estimate to suggest that based on selling Dzeko and Jovetic then we'll probably be looking at a yearly book cost that can easily be covered by the TV deal alone with room to spare

The new TV deal doesn't hit till next year I think...

Any incoming transfer fees go against this years accounts though so the sale of Dzeko alone would bring us pretty much even until the new deal.

 

[BooksReject]

Daily Mail says £112m

I hadn't seen that - jeez! Still, whatever it takes eh ;)

 

[aguero93:20]

I genuinely forgot that he even existed.

I'm calling any above mistakes on outgoings within "the Sinclair margin of error"

Easily done :). I think when we include the new contracts signed this summer for players staying and the exits of the likes of Rekik we'll come close to breaking even from a costs point of view.