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

FanchesterCity said:
Aye, but I didn't say money to burn like us, I said money to burn (comma) then like us, you can do it.
In my mind, that's why I said 'don't have to make a profit (like us), but didn't do so on the money to burn aspect.
Crossed wires I think.
Click to expand...

Yep looks that way my bad..
 
260 million debt and yet..............
AC Milan have cleared a major hurdle in their plans to build a new stadium after their bid to acquire the land to build on was approved.Milan, who currently share the ageing municipal San Siro stadium with rivals Inter Milan, are planning to build a 48,000-capacity arena in time for the 2018-19 campaign.

"It is the first historic step," said club director Barbara Berlusconi. "It is a first step because we will have to submit the entire project to the institutions for approval."
 
Blueknows said:
Exactly , and the alterations to the existing FFP rules and the timing of it ..................coincidence ?
Click to expand...

It's no coincidence. I suspect they have an investor lined up and waiting. They just needed the ffp rules out of the way first.
 
An investor can already come in and spend 300m on a stadium, but they won't want to do that unless there's improvement in the pitch, which is where FFP trips them up.
They'll probably want to spend 300m on the team too, which is why FFP needs to be changed - surprise surprise.
UEFA wouldn't have flinched an inch had it been someone wanting to do the same with Trabzonspor.
 
Blueknows said:
260 million debt and yet..............
AC Milan have cleared a major hurdle in their plans to build a new stadium after their bid to acquire the land to build on was approved.Milan, who currently share the ageing municipal San Siro stadium with rivals Inter Milan, are planning to build a 48,000-capacity arena in time for the 2018-19 campaign.

"It is the first historic step," said club director Barbara Berlusconi. "It is a first step because we will have to submit the entire project to the institutions for approval."
Click to expand...

How much did they pay for the Land they acquired to build on?
 
stony said:
They still have to fund it, and if they're in debt to the tune of £260M where is the money coming from?
Click to expand...
Maybe Government funding? Let's not forget that we ourselves benefited by agreeing to move into the council funded COMS following the Commonwealth Games. There's no way we could have built it and paid for it ourselves as we weren't a wealthy club then, in fact a couple of years after the move we almost went bankrupt and only the sale of SWP kept the show on the road.
 
Roma after a new ground also

http://www.dailymail.co.uk/sport/fo...epare-away-Stadio-Olimpico-1billion-plan.html

Roma unveil ambitious new stadium project as Serie A side prepare to move away from Stadio Olimpico with £1billion plan

By Andrew Dampf, Ap 19:44 15 Jun 2015, updated 21:19 15 Jun 2015


Pending government approval construction will begin in December
Stadium and business and entertainment centre will be on outskirts of city
American owner James Pallotta wants Roma to be a top club in the world
Roma currently share Stadio Olimpico with city rivals Lazio
But they could move into 52,500-seater stadium for 2017/18 season
Serie A giants Roma are moving ahead with an ambitious £1billion plan for a new, privately financed stadium and surrounding business and entertainment centre.

Pending government approval, construction will begin on the city's outskirts by December and last up to two years, the club's American president James Pallotta announced Monday as he handed over a detailed dossier on the project to city authorities.

'If we are going to consistently compete as a top club in the world we need a new stadium, a stadium that is privately owned by AS Roma,' Pallotta said, adding that the entire project will amount to 'one of the most important projects in Italy in many, many decades.'



Roma's new stadium project (artist drawing above) will be privately financed and will cost over £1billion
Roma's new stadium project (artist drawing above) will be privately financed and will cost over £1billion
The stadium will seat 52,500 spectators and will be able to expand to 60,000 for major matches
The stadium will seat 52,500 spectators and will be able to expand to 60,000 for major matches
(l-r) Riccardo Viola, Italo Zanzi, Mark Pannes, James Pallotta, Luca Parnasi, Daniel Liebskind and Andreas Kipar An pose in front of the model of the new ground on Monday
(l-r) Riccardo Viola, Italo Zanzi, Mark Pannes, James Pallotta, Luca Parnasi, Daniel Liebskind and Andreas Kipar An pose in front of the model of the new ground on Monday
With a design inspired by the Colosseum, the stadium will seat 52,500 spectators and be able to expand to 60,000 for major matches.

The site in Tor di Valle is about halfway between downtown and the Leonardo Da Vinci airport. The 300 acre area will also include a training ground for Roma, three high-rise office towers, plus parks and commercial and entertainment areas.

Costs for the stadium itself are estimated at £217million but the overall price includes surrounding infrastructure and transport.

While some of the financing is expected to come from Roma's sponsors like Nike, it remains unclear where the other money will come from.

'In terms of who wants to invest, we have a substantial list and I'm positive that they wouldn't like us to name them today,' Pallotta said. 'But we don't feel like we're going to have an issue at all with the financing of the stadium.'

Slated to open during the 2017-18 season, the stadium has been a big goal since Roma was purchased by a four-man group of Boston executives, who in 2011 became the first foreign majority owners of a Serie A club.

American owner James Palotta (right) wants Roma to become one of the top clubs in the world
American owner James Palotta (right) wants Roma to become one of the top clubs in the world
Palotta is also confident that Roma will have no problem with the financing of the stadium
Palotta is also confident that Roma will have no problem with the financing of the stadium

Roma plan to move away from Stadio Olimpico, which they share with Lazio, for the 2017/18 season
Roma plan to move away from Stadio Olimpico, which they share with Lazio, for the 2017/18 season
Pallotta is a minority owner of the Boston Celtics and a hedge-fund manager who runs Raptor Capital Management.

'If you give me approval tomorrow we'll find the money tomorrow,' Pallotta said. 'We know it's a six-month process.'

For years, Roma has shared the Stadio Olimpico with city rival Lazio but that stadium features a running track and poor sightlines for football. The new stadium will be purpose-built for football.

Roma is also hoping that the new facility can help eliminate problems of fan violence and racism that often tarnish matches at the Olimpico. Pallotta has been waging a verbal battle with the club's hard-core 'ultra' fans this season.

'If there's one thing that has consistently come back to me on dialogues as I walk the streets of Rome, it's that many people say to me they haven't felt comfortable taking their children or coming as a family to the stadium,' Pallotta said. 'That's just completely unacceptable.

'Whether it's violence, whether it's racism or any other issues, I just don't feel like they should be part of the conversation at the stadium as part of our fan base,' Pallotta said.

Roma have finished second in Serie A to Juventus the past two seasons. They last won the league in 2001.

Roma have finished second in Serie A to Juventus the past two seasons and they last won the league in 2001.
 
waspish said:
Roma after a new ground also

http://www.dailymail.co.uk/sport/fo...epare-away-Stadio-Olimpico-1billion-plan.html

Roma unveil ambitious new stadium project as Serie A side prepare to move away from Stadio Olimpico with £1billion plan

By Andrew Dampf, Ap 19:44 15 Jun 2015, updated 21:19 15 Jun 2015


Pending government approval construction will begin in December
Stadium and business and entertainment centre will be on outskirts of city
American owner James Pallotta wants Roma to be a top club in the world
Roma currently share Stadio Olimpico with city rivals Lazio
But they could move into 52,500-seater stadium for 2017/18 season
Serie A giants Roma are moving ahead with an ambitious £1billion plan for a new, privately financed stadium and surrounding business and entertainment centre.

Pending government approval, construction will begin on the city's outskirts by December and last up to two years, the club's American president James Pallotta announced Monday as he handed over a detailed dossier on the project to city authorities.

'If we are going to consistently compete as a top club in the world we need a new stadium, a stadium that is privately owned by AS Roma,' Pallotta said, adding that the entire project will amount to 'one of the most important projects in Italy in many, many decades.'



Roma's new stadium project (artist drawing above) will be privately financed and will cost over £1billion
Roma's new stadium project (artist drawing above) will be privately financed and will cost over £1billion
The stadium will seat 52,500 spectators and will be able to expand to 60,000 for major matches
The stadium will seat 52,500 spectators and will be able to expand to 60,000 for major matches
(l-r) Riccardo Viola, Italo Zanzi, Mark Pannes, James Pallotta, Luca Parnasi, Daniel Liebskind and Andreas Kipar An pose in front of the model of the new ground on Monday
(l-r) Riccardo Viola, Italo Zanzi, Mark Pannes, James Pallotta, Luca Parnasi, Daniel Liebskind and Andreas Kipar An pose in front of the model of the new ground on Monday
With a design inspired by the Colosseum, the stadium will seat 52,500 spectators and be able to expand to 60,000 for major matches.

The site in Tor di Valle is about halfway between downtown and the Leonardo Da Vinci airport. The 300 acre area will also include a training ground for Roma, three high-rise office towers, plus parks and commercial and entertainment areas.

Costs for the stadium itself are estimated at £217million but the overall price includes surrounding infrastructure and transport.

While some of the financing is expected to come from Roma's sponsors like Nike, it remains unclear where the other money will come from.

'In terms of who wants to invest, we have a substantial list and I'm positive that they wouldn't like us to name them today,' Pallotta said. 'But we don't feel like we're going to have an issue at all with the financing of the stadium.'

Slated to open during the 2017-18 season, the stadium has been a big goal since Roma was purchased by a four-man group of Boston executives, who in 2011 became the first foreign majority owners of a Serie A club.

American owner James Palotta (right) wants Roma to become one of the top clubs in the world
American owner James Palotta (right) wants Roma to become one of the top clubs in the world
Palotta is also confident that Roma will have no problem with the financing of the stadium
Palotta is also confident that Roma will have no problem with the financing of the stadium

Roma plan to move away from Stadio Olimpico, which they share with Lazio, for the 2017/18 season
Roma plan to move away from Stadio Olimpico, which they share with Lazio, for the 2017/18 season
Pallotta is a minority owner of the Boston Celtics and a hedge-fund manager who runs Raptor Capital Management.

'If you give me approval tomorrow we'll find the money tomorrow,' Pallotta said. 'We know it's a six-month process.'

For years, Roma has shared the Stadio Olimpico with city rival Lazio but that stadium features a running track and poor sightlines for football. The new stadium will be purpose-built for football.

Roma is also hoping that the new facility can help eliminate problems of fan violence and racism that often tarnish matches at the Olimpico. Pallotta has been waging a verbal battle with the club's hard-core 'ultra' fans this season.

'If there's one thing that has consistently come back to me on dialogues as I walk the streets of Rome, it's that many people say to me they haven't felt comfortable taking their children or coming as a family to the stadium,' Pallotta said. 'That's just completely unacceptable.

'Whether it's violence, whether it's racism or any other issues, I just don't feel like they should be part of the conversation at the stadium as part of our fan base,' Pallotta said.

Roma have finished second in Serie A to Juventus the past two seasons. They last won the league in 2001.

Roma have finished second in Serie A to Juventus the past two seasons and they last won the league in 2001.
Click to expand...


£1bn? And financed as opposed to invested? That's going to bankrupt them.
 
The stadium's about 217m. the rest is all infrastructure and transport, which one assumes will be funded by other parties.
It's a headline figure '1bn' but it's not what the club will pay. It'll probably have other properties on it, and even residential areas or something.
 
From that Tarquin board:

  • 38c22cba46871adf9b313214525421c5
    Dex
    July 7, 2015 at 7:14 pm
    Unfortunately I am an Arsenal fan living in Manchester. I say unfortunately as I have lived here long enough to see a complete change in attitude of most Man City fans. Who turned into sad chav vulgar doosh bags.

    The sense of entitlement by fans of a team who were playing in the 3 rd tier of english football is sickening and hilarious at the same time!

    As is their complete lack of humour.

    Sad times
And, ahem, yours truly couldn't resist responding:


  • aa22a680d9b75767dcdf3ef5fdd98e57
    M18CTID
    July 8, 2015 at 10:00 pm
    Dex,

    You either don’t know very many City fans, are blatantly lying, or you were such an unbearably smug tarquin when you were lauding it over those ones you do know that they chose to give it back with interest when the time was appropriate. I bet you haven’t got the guts to tell these fans to their face what you think of them – assuming they exist of course.

    As for our sense of humour, it”s alive and kicking thanks very much. Our gallows humour is what set us apart from jumped-up sanctimonious clowns like you during our many years of being a laughing stock on the pitch. It’s what true fans of all clubs do. You might get it one day though I somehow doubt it.

    Now if you want to prove me wrong, feel free to meet me for a pint of you’re out and about in Manchester for the City v Arsenal game next season instead of indulging in pathetic trolling from behind the safety of your keyboard.

    All the best,
    Love MCFC xx
 
I've never found anything sickening and hilarious at the same time. They are mutually exclusive emotions.

He'd have been better ending his post right after the word 'fan'.
 
waspish said:
Roma after a new ground also

http://www.dailymail.co.uk/sport/fo...epare-away-Stadio-Olimpico-1billion-plan.html

Roma unveil ambitious new stadium project as Serie A side prepare to move away from Stadio Olimpico with £1billion plan

By Andrew Dampf, Ap 19:44 15 Jun 2015, updated 21:19 15 Jun 2015


Pending government approval construction will begin in December
Stadium and business and entertainment centre will be on outskirts of city
American owner James Pallotta wants Roma to be a top club in the world
Roma currently share Stadio Olimpico with city rivals Lazio
But they could move into 52,500-seater stadium for 2017/18 season
Serie A giants Roma are moving ahead with an ambitious £1billion plan for a new, privately financed stadium and surrounding business and entertainment centre.

Pending government approval, construction will begin on the city's outskirts by December and last up to two years, the club's American president James Pallotta announced Monday as he handed over a detailed dossier on the project to city authorities.

'If we are going to consistently compete as a top club in the world we need a new stadium, a stadium that is privately owned by AS Roma,' Pallotta said, adding that the entire project will amount to 'one of the most important projects in Italy in many, many decades.'



Roma's new stadium project (artist drawing above) will be privately financed and will cost over £1billion
Roma's new stadium project (artist drawing above) will be privately financed and will cost over £1billion
The stadium will seat 52,500 spectators and will be able to expand to 60,000 for major matches
The stadium will seat 52,500 spectators and will be able to expand to 60,000 for major matches
(l-r) Riccardo Viola, Italo Zanzi, Mark Pannes, James Pallotta, Luca Parnasi, Daniel Liebskind and Andreas Kipar An pose in front of the model of the new ground on Monday
(l-r) Riccardo Viola, Italo Zanzi, Mark Pannes, James Pallotta, Luca Parnasi, Daniel Liebskind and Andreas Kipar An pose in front of the model of the new ground on Monday
With a design inspired by the Colosseum, the stadium will seat 52,500 spectators and be able to expand to 60,000 for major matches.

The site in Tor di Valle is about halfway between downtown and the Leonardo Da Vinci airport. The 300 acre area will also include a training ground for Roma, three high-rise office towers, plus parks and commercial and entertainment areas.

Costs for the stadium itself are estimated at £217million but the overall price includes surrounding infrastructure and transport.

While some of the financing is expected to come from Roma's sponsors like Nike, it remains unclear where the other money will come from.

'In terms of who wants to invest, we have a substantial list and I'm positive that they wouldn't like us to name them today,' Pallotta said. 'But we don't feel like we're going to have an issue at all with the financing of the stadium.'

Slated to open during the 2017-18 season, the stadium has been a big goal since Roma was purchased by a four-man group of Boston executives, who in 2011 became the first foreign majority owners of a Serie A club.

American owner James Palotta (right) wants Roma to become one of the top clubs in the world
American owner James Palotta (right) wants Roma to become one of the top clubs in the world
Palotta is also confident that Roma will have no problem with the financing of the stadium
Palotta is also confident that Roma will have no problem with the financing of the stadium

Roma plan to move away from Stadio Olimpico, which they share with Lazio, for the 2017/18 season
Roma plan to move away from Stadio Olimpico, which they share with Lazio, for the 2017/18 season
Pallotta is a minority owner of the Boston Celtics and a hedge-fund manager who runs Raptor Capital Management.

'If you give me approval tomorrow we'll find the money tomorrow,' Pallotta said. 'We know it's a six-month process.'

For years, Roma has shared the Stadio Olimpico with city rival Lazio but that stadium features a running track and poor sightlines for football. The new stadium will be purpose-built for football.

Roma is also hoping that the new facility can help eliminate problems of fan violence and racism that often tarnish matches at the Olimpico. Pallotta has been waging a verbal battle with the club's hard-core 'ultra' fans this season.

'If there's one thing that has consistently come back to me on dialogues as I walk the streets of Rome, it's that many people say to me they haven't felt comfortable taking their children or coming as a family to the stadium,' Pallotta said. 'That's just completely unacceptable.

'Whether it's violence, whether it's racism or any other issues, I just don't feel like they should be part of the conversation at the stadium as part of our fan base,' Pallotta said.

Roma have finished second in Serie A to Juventus the past two seasons. They last won the league in 2001.

Roma have finished second in Serie A to Juventus the past two seasons and they last won the league in 2001.
Click to expand...
"The stadium will seat 52,500 spectators and will be able to expand to 60,000 for major matches", are they talking safe standing?
 
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