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

manc_macca said:
Don't know if it's been posted elsewhere, can't find it on another thread, but apparently City have taken out a loan from Barclays bank...
https://www.otbfootball.net/manchester-city-take-out-a-bank-loan/

Sheikh Mansour doesn't own any shares there anymore does he?
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No he doesn't own any Barclays shares. He sold them and made a £1.5 billion profit on the day we were told we'd overpaid for Gareth Barry!


The theory is that we've taken out a short term loan to pay upfront fees for players (Mahrez, Jorginho!!!) and that it'll be repaid when we receive the first installment of this season's TV money
 
I doubt if there is a company anywhere with a quotation on the LSE that doesn't have a loan anywhere on it's balance sheet. It's quite normal. Many companies, even the oil or pharmaceutical majors have balance sheet liabilities which measure into hundreds of millions of pounds, and for positive reasons. It is often favourable to borrow money relatively cheaply and to invest it for maximum return, the loan eventually being repaid out of, hopefully, significant profits. Worry ye not if we are simply following that business model.
 
I'm no cynic but... said:
I doubt if there is a company anywhere with a quotation on the LSE that doesn't have a loan anywhere on it's balance sheet. It's quite normal. Many companies, even the oil or pharmaceutical majors have balance sheet liabilities which measure into hundreds of millions of pounds, and for positive reasons. It is often favourable to borrow money relatively cheaply and to invest it for maximum return, the loan eventually being repaid out of, hopefully, significant profits. Worry ye not if we are simply following that business model.
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But we aren't investing it in a revenue-generating project. We're just smoothing out cash-flow. It's a bit like invoice financing where a factor pays you a significant part of the invoiced amount when you issue an invoice to a customer, collects the money then pays you the remainder minus its fee.
 
Evening chaps. Did i read somewhere that we get X Million for the number of our players who went to the World Cup?
 
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