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

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MonsLibpool

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Re: Man City - the Lisbon Lyons, the Porto Pussycats, the Faro Financial Fairplayers

« Reply #19830 on: Today at 05:22:53 pm »

I'm a professional accountant and I don't normally bother about the financial statements of clubs. There is absolutely no way these should turn a profit last season in "normal circustances".

They pay big wages and spent big money last season and their matchday revenue was insignificant because games were being played behind closed doors. However, common sense doesn't seemingly apply to these oil clubs because it's dodgy and should ordinarily alert regulators.

I'll give their account a read and revert.

We’re fucked. RAWK have an accountant on the case. Lol.
Good to see Ken Dodd's Accountant is still working!
 
tbf he does read it.


I've gone through it. It's mainly due to an increase in their tv revenue by about £100m and them making £30m more profit on player sales. The tv revenue is fair because it would been thoroughly audited and I think the EPL forfeited part of it during project restart. They also reached the Champions League final.

Did they sell anyone last season?

Their commercial recenue increased by around £30m
Where’s that from??
 

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MonsLibpool

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Re: Man City - the Lisbon Lyons, the Porto Pussycats, the Faro Financial Fairplayers

« Reply #19830 on: Today at 05:22:53 pm »

I'm a professional accountant and I don't normally bother about the financial statements of clubs. There is absolutely no way these should turn a profit last season in "normal circustances".

They pay big wages and spent big money last season and their matchday revenue was insignificant because games were being played behind closed doors. However, common sense doesn't seemingly apply to these oil clubs because it's dodgy and should ordinarily alert regulators.

I'll give their account a read and revert.

We’re fucked. RAWK have an accountant on the case. Lol.
They're obsessed with us, even though they'd try to have you believe that they don't care about us. It's a bit sad, to be honest.
 
tbf he does read it.


I've gone through it. It's mainly due to an increase in their tv revenue by about £100m and them making £30m more profit on player sales. The tv revenue is fair because it would been thoroughly audited and I think the EPL forfeited part of it during project restart. They also reached the Champions League final.

Did they sell anyone last season?

Their commercial recenue increased by around £30m
Shame he didn't before he made his original comment though
 

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MonsLibpool

  • Legacy Fan
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  • Posts: 1,558
  • We all Live in a Red and White Kop
xx.gif

Re: Man City - the Lisbon Lyons, the Porto Pussycats, the Faro Financial Fairplayers

« Reply #19830 on: Today at 05:22:53 pm »

I'm a professional accountant and I don't normally bother about the financial statements of clubs. There is absolutely no way these should turn a profit last season in "normal circustances".

They pay big wages and spent big money last season and their matchday revenue was insignificant because games were being played behind closed doors. However, common sense doesn't seemingly apply to these oil clubs because it's dodgy and should ordinarily alert regulators.

I'll give their account a read and revert.

We’re fucked. RAWK have an accountant on the case. Lol.

He used to do Derek Hatton's accounts for the council, no doubt.

Fuck me, another authority like these Twitter wannabe virologists.
 

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