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

[SWP's back]

Do you get cups for turnover?

Turnover in all businesses is a dick measuring ego trip, profit is king and success on the pitch is all that is important.

Profit most certainly isn’t king in football. And turnover allows for consistent high spending, which when combined with good governance, is actually king.

 

[SWP's back]

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

Kpmg being our auditor and City having confirmed the figures (and releasing them publicly in the next week) - and United’s being already publicly available says it IS a story

 

[manimanc]

*cough cough cough cough cough cough*

 

[BeerIsTheBest]

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Is he testing a sample from Rock of Gibraltar?

 

[crazyg]

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I feel as if I've aged 100 years since that headline.
Worth it, though.
;-))

 

[Stoned Rose]

More piss in the pan.

 

[JCB001]

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!

Ah memories of when I was doing just that back in the 70s ..Happy Days

 

[Keeper!]

Profit most certainly isn’t king in football. And turnover allows for consistent high spending, which when combined with good governance, is actually king.

Simply not true and the same for any business.

We are in a very fortunate position where the majority owner is not involved with us for profit but to substantially increase his investment long term, as long as we are self financing all is good.

We are in a unique and fortunate position, Roman at Chelsea has put fortunes into the club, but as loans and IF he sells he would probably want those loans repaying in full.

 

[Prestwich_Blue]

Kpmg being our auditor and City having confirmed the figures (and releasing them publicly in the next week) - and United’s being already publicly available says it IS a story

BDO are our auditors these days actually. But apart from that, you're right. The accounts will have been ready for a while so KPMG will have been given the information by City. And united's have been out for a while. They reported their turnover as £494m (the KPMG figures are in euros).

 

[Prestwich_Blue]

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He was close. Just got the decimal point in the wrong place.