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

[waspish]

Good article explaining it to the simpletons

 

[crazyg]

Good article explaining it to the simpletons

It was, but it is obvious from the comments made that it still hasn't sunk in yet.

 

[Hart of the Matter]

Good article explaining it to the simpletons

Actually not a great explanation as it muddies the picture flip flopping between net spend and amortisation. Wages also play as big a part of ffp as transfer costs.
Off our amortised costs is MilnerSinclair and eventually Jovetic and Dzeko (not sure how nastasic and negrado feature?)
Those are high paid wages off the books as well, so are Micha sinclair and lampard

I have tried to put figures on this before but get tripped up by extended contracts reducing at amortised figures. My guess is our wage bill is lower.maybe 5m a year and our amortised figure (assuming we sign KDB) will be in the region of plus 32m minus 10m outgoing (Milner giving us about 6m back into the pot)

As I said all guess work and the accountancy types will be better at the figures but let's say I am in the right ball park with a net 22m increase in amortisation and a saving of 5m wages we are talking about net increase of 17m a year perhaps.

 

[Ric]

I wouldn't say it was a great article. Nick Harris was adamant, only two months ago, that City wouldn't be able to spend anything like £150m this summer. People questioned his assertion at the time, and have been gleefully retweeting his original posts recently.

This article is merely his way of trying to prove he was right all along which, patently, he wasn't. The last bit of his article seems pretty petty, but he's a cantankerous sod at the best of times.

 

[aguero93:20]

I wouldn't say it was a great article. Nick Harris was adamant, only two months ago, that City wouldn't be able to spend anything like £150m this summer. People questioned his assertion at the time, and have been gleefully retweeting his original posts recently.

This article is merely his way of trying to prove he was right all along which, patently, he wasn't. The last bit of his article seems pretty petty, but he's a cantankerous sod at the best of times.

But but but but the Sheikh himself rang him to tell him so....

 

[Pam]

But but but but the Sheikh himself rang him to tell him so....

Yes. I distinctly remember how the Sheikh distanced himself from the chairman's professed spending plans this summer and told Mr Harris all about it over the phone.

What muppetry.

 

[Superace]

From the outside this looks like an article backing city, but it's basically Harris covering his backside from his last article on city's summer spending. He was wrong and he now knows it.

 

[aguero93:20]

From the outside this looks like an article backing city, but it's basically Harris covering his backside from his last article on city's summer spending. He was wrong and he now knows it.

You think he'd learn.

 

[BlueAnorak]

I wouldn't say it was a great article. Nick Harris was adamant, only two months ago, that City wouldn't be able to spend anything like £150m this summer. People questioned his assertion at the time, and have been gleefully retweeting his original posts recently.

This article is merely his way of trying to prove he was right all along which, patently, he wasn't. The last bit of his article seems pretty petty, but he's a cantankerous sod at the best of times.

Indeed RIC. You can take a horse to water but you still can't get it to drink. He still hasn't worked out the big one - For all City's FFP financial restrictions to be lifted (as they were - confirmed by UEFA eventually), City had to make a profit (FFP wise) in season 2014/15.

 

[aguero93:20]

Indeed RIC. You can take a horse to water but you still can't get it to drink. He still hasn't worked out the big one - For all City's FFP financial restrictions to be lifted (as they were - confirmed by UEFA eventually), City had to make a profit (FFP wise) in season 2014/15.

Well don't bloody tell him, I'm looking forward to the meltdown when the accounts are released.