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

waspish said:
Good article explaining it to the simpletons
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Actually not a great explanation as it muddies the picture flip flopping between net spend and amortisation. Wages also play as big a part of ffp as transfer costs.
Off our amortised costs is MilnerSinclair and eventually Jovetic and Dzeko (not sure how nastasic and negrado feature?)
Those are high paid wages off the books as well, so are Micha sinclair and lampard

I have tried to put figures on this before but get tripped up by extended contracts reducing at amortised figures. My guess is our wage bill is lower.maybe 5m a year and our amortised figure (assuming we sign KDB) will be in the region of plus 32m minus 10m outgoing (Milner giving us about 6m back into the pot)

As I said all guess work and the accountancy types will be better at the figures but let's say I am in the right ball park with a net 22m increase in amortisation and a saving of 5m wages we are talking about net increase of 17m a year perhaps.
 
I wouldn't say it was a great article. Nick Harris was adamant, only two months ago, that City wouldn't be able to spend anything like £150m this summer. People questioned his assertion at the time, and have been gleefully retweeting his original posts recently.

This article is merely his way of trying to prove he was right all along which, patently, he wasn't. The last bit of his article seems pretty petty, but he's a cantankerous sod at the best of times.
 
Ric said:
I wouldn't say it was a great article. Nick Harris was adamant, only two months ago, that City wouldn't be able to spend anything like £150m this summer. People questioned his assertion at the time, and have been gleefully retweeting his original posts recently.

This article is merely his way of trying to prove he was right all along which, patently, he wasn't. The last bit of his article seems pretty petty, but he's a cantankerous sod at the best of times.
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But but but but the Sheikh himself rang him to tell him so....
 
aguero93:20 said:
But but but but the Sheikh himself rang him to tell him so....
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Yes. I distinctly remember how the Sheikh distanced himself from the chairman's professed spending plans this summer and told Mr Harris all about it over the phone.

What muppetry.
 
From the outside this looks like an article backing city, but it's basically Harris covering his backside from his last article on city's summer spending. He was wrong and he now knows it.
 
Ric said:
I wouldn't say it was a great article. Nick Harris was adamant, only two months ago, that City wouldn't be able to spend anything like £150m this summer. People questioned his assertion at the time, and have been gleefully retweeting his original posts recently.

This article is merely his way of trying to prove he was right all along which, patently, he wasn't. The last bit of his article seems pretty petty, but he's a cantankerous sod at the best of times.
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Indeed RIC. You can take a horse to water but you still can't get it to drink. He still hasn't worked out the big one - For all City's FFP financial restrictions to be lifted (as they were - confirmed by UEFA eventually), City had to make a profit (FFP wise) in season 2014/15.
 
BlueAnorak said:
Indeed RIC. You can take a horse to water but you still can't get it to drink. He still hasn't worked out the big one - For all City's FFP financial restrictions to be lifted (as they were - confirmed by UEFA eventually), City had to make a profit (FFP wise) in season 2014/15.
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Well don't bloody tell him, I'm looking forward to the meltdown when the accounts are released.
 
aguero93:20 said:
Well don't bloody tell him, I'm looking forward to the meltdown when the accounts are released.
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Aah yes , but then we'll just get the thinly veiled implication that all the money quite clearly comes from the sheik's buddies and from companies owned by the sheik or any given member of his family.
The result of independent , and indeed uefas own auditors will not stop the nudging and winking - this is their fallback position , until of course the sheik gets bored.
 
Bodicoteblue said:
Aah yes , but then we'll just get the thinly veiled implication that all the money quite clearly comes from the sheik's buddies and from companies owned by the sheik or any given member of his family.
The result of independent , and indeed uefas own auditors will not stop the nudging and winking - this is their fallback position , until of course the sheik gets bored.
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Of course. I can't wait to see them stamp their feet.
 
Bodicoteblue said:
Aah yes , but then we'll just get the thinly veiled implication that all the money quite clearly comes from the sheik's buddies and from companies owned by the sheik or any given member of his family.
The result of independent , and indeed uefas own auditors will not stop the nudging and winking - this is their fallback position , until of course the sheik gets bored.
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They just repeat the same tired old bullshit about dodgy sponsorships and selling tickets to non existent fans. There are a few who are waking up, but with the continuing global expansion of the CFG we have stolen a march on everyone. In ten years time all those "massive" jibes will haunt them. I only hope that we as a fan base never forget the shit we had to put up with to get there, and never pass up an opportunity to ram it down their fucking throats,
 
My favourite retort at the moment...

But, but... you said we were a MASSIVE club.
We didn't believe you, but fair dos - you were right!
 
stony said:
They just repeat the same tired old bullshit about dodgy sponsorships and selling tickets to non existent fans. There are a few who are waking up, but with the continuing global expansion of the CFG we have stolen a march on everyone. In ten years time all those "massive" jibes will haunt them. I only hope that we as a fan base never forget the shit we had to put up with to get there, and never pass up an opportunity to ram it down their fucking throats,
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There's no sponsorship as dodgy as the rags' Chevrolet deal. Here's a company propped up by the US taxpayer pumping millions of dollars into the rags and the executive who signed the deal was fired for exceeding his authority as soon as the board found out about it. As for selling tickets to non-existent fans how do the rags square the club claiming full houses for cup games when a fair proportion of their 55,000 season card holders forced to buy tickets don't bother to turn up?
 
stony said:
They just repeat the same tired old bullshit about dodgy sponsorships and selling tickets to non existent fans. There are a few who are waking up, but with the continuing global expansion of the CFG we have stolen a march on everyone. In ten years time all those "massive" jibes will haunt them. I only hope that we as a fan base never forget the shit we had to put up with to get there, and never pass up an opportunity to ram it down their fucking throats,
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I love you.
 
BlueAnorak said:
My favourite retort at the moment...

But, but... you said we were a MASSIVE club.
We didn't believe you, but fair dos - you were right!
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This is similar to what I do and it fuckin kills them! I've reclaimed a word from the English language (not that the massive jibes ever bothered me anyway) and use it frequently and always have and the bastards hate it as it takes all the fun of the piss take out of it from their perspective.

They thought their superiority over us would last forever and now all they're left with is they've won more trophies than we have and their ground's bigger..... Like I'm arsed. :-)
 
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