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

Centurions said:
H2O million a year?


(someone had to do it)
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That doesn't hold

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OK.

So let's assume our Summer transfer spending is over after the Jorginho farce, and our net spend currently Stands at roughly £36mill, how much profit are we going to /makeshow at the end of the next accounting period? After winning the title, winning the CC, going on decent runs in the CL and FA Cup, a flurry of new sponsorship deals, an increase in season ticket and matchday revenue, etc, we must have made a pretty decent profit this time around. Any clues PB & Co?
 
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jrb said:
OK.

So let's assume our Summer transfer spending is over after the Jorginho farce, and our net spend currently Stands at roughly £36mill, how much profit are we going to /makeshow at the end of the next accounting period? After winning the title, winning the CC, going on decent runs in the CL and FA Cup, a flurry of new sponsorship deals, an increase in season ticket and matchday revenue, etc, we must have made a pretty decent profit this time around. Any clues PB & Co?
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20-50million, hard to know.

We're currently in the 18/19 period so the next figures out will include big spending last summer.
 
jrb said:
OK.

So let's assume our Summer transfer spending is over after the Jorginho farce, and our net spend currently Stands at roughly £36mill, how much profit are we going to /makeshow at the end of the next accounting period? After winning the title, winning the CC, going on decent runs in the CL and FA Cup, a flurry of new sponsorship deals, an increase in season ticket and matchday revenue, etc, we must have made a pretty decent profit this time around. Any clues PB & Co?
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Does it matter about profit!
So long as we're self sustaining who cares?
Our owner doesn't need the money
 
aguero93:20 said:
20-50million, hard to know.

We're currently in the 18/19 period so the next figures out will include big spending last summer.
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Except it probably wasn't "big spending" as the new wages & amortisation on those purchases were most likely offset by the wages & amortisation off the books. And then there's probably a £50m profit on transfers on the bottom line as well. I reckon around £20-25m net profit.
 
Prestwich_Blue said:
Except it probably wasn't "big spending" as the new wages & amortisation on those purchases were most likely offset by the wages & amortisation off the books. And then there's probably a £50m profit on transfers on the bottom line as well. I reckon around £20-25m net profit.
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Yeah I'm going with 20m as a bottom prediction as we're dropping the extra months amortization and wages from the previous year. Players left but they had low book value so while costs won't drop much we probably made a 1 year bottom line profit on transfers. I've left the 30m variance as I've no idea what kind of rise we'll get in revenue, we're losing a month of drawdown on commercial deals from the 13 month year but I think rises in revenue could cover that, if so it could be anything up to 50m. I've gone for 20-50m as I'm 90% certain it'll be in that range but I couldn't go closer with any confidence from an outside view of the books.
 
manc_macca said:
Don't know if it's been posted elsewhere, can't find it on another thread, but apparently City have taken out a loan from Barclays bank...
https://www.otbfootball.net/manchester-city-take-out-a-bank-loan/

Sheikh Mansour doesn't own any shares there anymore does he?
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No he doesn't own any Barclays shares. He sold them and made a £1.5 billion profit on the day we were told we'd overpaid for Gareth Barry!


The theory is that we've taken out a short term loan to pay upfront fees for players (Mahrez, Jorginho!!!) and that it'll be repaid when we receive the first installment of this season's TV money
 
I doubt if there is a company anywhere with a quotation on the LSE that doesn't have a loan anywhere on it's balance sheet. It's quite normal. Many companies, even the oil or pharmaceutical majors have balance sheet liabilities which measure into hundreds of millions of pounds, and for positive reasons. It is often favourable to borrow money relatively cheaply and to invest it for maximum return, the loan eventually being repaid out of, hopefully, significant profits. Worry ye not if we are simply following that business model.
 
I'm no cynic but... said:
I doubt if there is a company anywhere with a quotation on the LSE that doesn't have a loan anywhere on it's balance sheet. It's quite normal. Many companies, even the oil or pharmaceutical majors have balance sheet liabilities which measure into hundreds of millions of pounds, and for positive reasons. It is often favourable to borrow money relatively cheaply and to invest it for maximum return, the loan eventually being repaid out of, hopefully, significant profits. Worry ye not if we are simply following that business model.
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But we aren't investing it in a revenue-generating project. We're just smoothing out cash-flow. It's a bit like invoice financing where a factor pays you a significant part of the invoiced amount when you issue an invoice to a customer, collects the money then pays you the remainder minus its fee.
 
Evening chaps. Did i read somewhere that we get X Million for the number of our players who went to the World Cup?
 
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