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

[schfc6]

Simple!

They let a red mardarse write the article.

Oh I bet there was bubbles of snot and tears soaking the keyboard as the realisation hit home.

It’s just such a bizarre line to take. I doubt gross we’ve spend near £300m in the last 2 years. Let alone net.

 

[Centurions]

“Although City's revenue increased, the club also recorded a net spend of 294m euros on transfers” how is this plausible?

Net was circa £40 m this summer & circa £75m 20/21. How have they got to £250m net spend??

Maths not your strong point then :)

You add the £40m + £75m together then double it and add a bit for luck. It's not rocket science for gods sake.

 

[Dave Ewing's Back 'eader]

It's all fake news - we don't earn anything at all from broadcast revenues, prize money etc. It all comes directly from the Sheikh's pocket, everyone knows that. Get with the programme!

Yeah, we're creaming off a slice every time a litre of diesel goes in a tank. And don't get me started on that fleet of oil tankers plying their way up the Ship Canal!

 

[Dave Ewing's Back 'eader]

“Although City's revenue increased, the club also recorded a net spend of 294m euros on transfers” how is this plausible?

Net was circa £40 m this summer & circa £75m 20/21. How have they got to £250m net spend??

Garth Crooks can't find the instructions for his Sinclair calculator so he's asked Dianne Abbot to run her eye over his sums.

 

[HelloCity]

To be fair to United our major deal with Puma is totally fake.

 

[Corky]

According to KPMG "estimates" based on no crowds and assumptions including united sponsors delayed payments due to COVID. Complete non-story.

 

[Marvin]

Sadly the rags still make profits, their team is sh1t and long may it continue.

Profits stem from revenue. As a football club owner you can plough it back into the football club, or you can take the money. This news illustrates the relative benefits of re-investing revenue back into your business vs hoarding it in the bank, or creaming off the surplus.

You're right of course, ultimately what matters is success on the pitch. Our success stems from the takeover and we are now a self-sustaining football club run in exactly the same manner as Man Utd were under Gill and Ferguson where massive commercial and broadcasting revenue underwrite success on the pitch.

If there are questionable owners wrecking football clubs, I think we know who they are.

 

[manimanc]

It’s just such a bizarre line to take. I doubt gross we’ve spend near £300m in the last 2 years. Let alone net.

I'd call it taking the bitter line.

Mate if city stopped famine, found a cure for covid and brought world peace you'd still get these lemon cunts at the BBC going "....ah yes but....".

We'll never get credit from them at the red mardarse towers and to be honest with you they have zero effect on my liking and my thinking.

They can polish the utd turd for as long as they wish, my eyes are wide open.

 

[KS55]

It depends. In theory there should be a virtuous circle but not at Man Utd where City panicked executives into buying the likes of Pogba, Sanchez, Maguire and Ronaldo. And then there's their wage bill, debt repayments, dividends to the Glazers...

A classic management speak diagram signifying nothing.
I know, I drew many in my time.

 

[KS55]

Yeah, we're creaming off a slice every time a litre of diesel goes in a tank. And don't get me started on that fleet of oil tankers plying their way up the Ship Canal!

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