It must, probably the hardest place on earth to do so.
Also having to deal with some serious egos and serious political issues.
City Football Group | Secure $650m loan facility for infrastructure projects (p 54)
- Thread starter MCFC1993
- Start date
Also having to deal with some serious egos and serious political issues.
kaz7
Well-Known Member
Oh shit , cant say we are not in debt nowManchester City owner raises $650m in one of football’s biggest deals
Manchester City owner raises $650m in one of football’s biggest debt deals
New money to fund expansion for Abu Dhabi-controlled City Football Groupwww.ft.com
According to the Financial Times, City’s parent company (CFG) has raised $650m in one of football’s biggest ever debt deals as it steps up investment in its international network of football clubs.
Separately, CFG has also organised a revolving credit facility worth £100m with the same finance providers, though it is understood it has no immediate intention to draw down on the facility.
The new debt deal ties the group closely to western financial institutions.
Due to the pandemic which has impacted similarly on all clubs, Manchester City’s revenue fell to £478m in the 2019-2020 season, down from £535m the year before. A net loss resulted of £126m from a net profit of £10m.
blueparrot
Well-Known Member
- Joined
- 7 Jun 2012
- Messages
- 29,406
Have you not heard debt is good, owner investment very bad.
EricBrooksGhost
Well-Known Member
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- 19 Oct 2010
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Barbarians at the gate
Not accurate Bayern amount 47m for Sane sale plus about 10m in other outstanding transfer fees not shown UEFA money for 20019/20 still owed at the time these accounts were released. So the debt was about half this, not to bad considering the effect of no fans for 18 months. Also winnings totalling 270m for last season, season ticket sales, shirt sales etc. Don't think we're too bad off !Manchester City owner raises $650m in one of football’s biggest deals
Manchester City owner raises $650m in one of football’s biggest debt deals
New money to fund expansion for Abu Dhabi-controlled City Football Group
According to the Financial Times, City’s parent company (CFG) has raised $650m in one of football’s biggest ever debt deals as it steps up investment in its international network of football clubs.
Separately, CFG has also organised a revolving credit facility worth £100m with the same finance providers, though it is understood it has no immediate intention to draw down on the facility.
The new debt deal ties the group closely to western financial institutions.
Due to the pandemic which has impacted similarly on all clubs, Manchester City’s revenue fell to £478m in the 2019-2020 season, down from £535m the year before. A net loss resulted of £126m from a net profit of £10m.
yeseye
Well-Known Member
We’ll be on the phone to Ocean Finance next!
hilts
Well-Known Member
Plus Tony Soprano will be bringing in the union guys.
Course we can. It’s CFG not MCFC that have the debt. Just hoping CFG are going to give MCFC a huge chunk of that “debt” just like the powers that be in Spain do for RM & BarcaLOANa
NYC would be Jonny Sack's turf iirc ha