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City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)
- Thread starter Marvin
- Start date
Russian Hat
Well-Known Member
Amazing from that 3 million euros changed hands I suspect from us to them. That really does make Cancelo a bargain.
laserblue
Well-Known Member
The point about Sheikh Mansour being one of two Deputy PMs of the UAE is that neither of them can ever become Prime Minister. That position is always held by the ruler of Dubai. (Sheikh Mansour is Deputy PM/Minister of Presidential affairs and his brother Sheikh Saif is Deputy PM/Minister of the Interior.The simplest facts seem to evade Jordan:
Simon - Citys owner is the deputy PM of the UAE - that means he is Dominic Raab not the PM Boris Johnson you tit.
The money he has invested in City is his personal money not the states through ADUG Ltd , an investment company for the Abu Dhabi royal family. He is involved in various government-run companies in the UAE none of which sponsor City. He is Vice Chairman of a very large Sovereign Wealth fund - which has nothing to do with City. He also owns large stakes in Virgin Galactic and Sky Sports Arabia which also have nothing to do with City. Etihad is the second flag carrier of the UAE - it also has nothing to do with HH Sheik Mansour however does sponsor us. Because he has nothing to do with the running of Etihad it cannot be a related party - get it?
The irony of dickheads like Solekhol on Sky Sports forever banging on about City being owned by a country is that they're probably completely unaware that Sheikh Mansour has a 50-50 joint venture partnership with their employers BSkyB in Sky News Arabia.
cptaidan88
Well-Known Member
- Joined
- 8 Dec 2008
- Messages
- 4,287
The exchanges are specifically designed to navigate FFP but don't think there is any illegality about it. At least in the UK, transfers are subject to VAT so I would have thought it is in the governments interest to have boosted/inflated value
Wonder if we'll get dragged into this..
We've done it for Cancelo and Dias but received the Accounting boost on selling Danilo and Otamendi
They are the best run club with more in the bank then most clubs put together.Yep Burnley go down and don’t come straight back up they are up shit creek.
They are the best run club with more in the bank then most clubs put together.
Yep before the Americans came along! they have used the club as collateral! As all yanks do not used there own money.
MillionMilesAway
Well-Known Member
Yep before the Americans came along! they have used the club as collateral! As all yanks do not used there own money.
I thought I'd seen an analysis that suggested the buyout made the club a lot worse off too.
I thought I'd seen an analysis that suggested the buyout made the club a lot worse off too.
You would of Rabin of Twitter investigated them put Burnley in a bit more trouble if the premier money stops coming in.
MillionMilesAway
Well-Known Member
You would of Rabin of Twitter investigated them put Burnley in a bit more trouble if the premier money stops coming in.
Not sure where I'd seen it - but that's what I recall too. Even staying in the PL didn't look too clever.
Mr Ed (The Stables)
Well-Known Member
I think the new American owners of Burnley, have used borrowed money to buy the club and then loaded the club with over £90m of debt. Before that they were well run and didn't owe the bank a bean. Thats what a couple of my Burnley supporting mates have told me.