City into the top 5 of the "money league"

[shinpads]

The rags talk about their "net debt", which was £338m when these accounts were published. But net debt is just total debt less any cash or other liquid assets at the date of the balance sheet (which is 30th June in their case). They had £221m in the bank at that date, so their gross debt is therefore £559m. They could go out and blow that £221m on players on July 1st though.

We should do the same with revenue, quoting a figure for 'Net Revenue' which is Total Revenue - Gross Debt. That's £512m - £559m meaning they've got net revenue of -£47m. It's not a meaningful figure but it would wind the rags up enormously. If UEFA was serious about Financial Fair Play, it would ensure that clubs with non-infrastructure related debts of more than 25% of turnover were forced to get their gross debt down to that level before buying players or they should have a five year plan in place to clear those debts.

does this include the £500M bond which is due to be repaid in february this year?

 

[Prestwich_Blue]

does this include the £500M bond which is due to be repaid in february this year?

That's all been refinanced as far as I know. So the existing debt is the money borrowed & used to redeem those bonds.

 

[blue b4 the moon]

Can anyone spot who's missing from Talkshite's tweet:



It doesn't look right, I just can't think why...

Ans some on here still maintain we're touchy and have tin foil hats.

I can understand the thoughts of audience/click bait but to ignore us even from the # in the narrative just shows the contempt talkragshite and others hold for us.

Being 'good guys' is never going to work.

 

[Tim of the Oak]

Ans some on here still maintain we're touchy and have tin foil hats.

I can understand the thoughts of audience/click bait but to ignore us even from the # in the narrative just shows the contempt talkragshite and others hold for us.

Being 'good guys' is never going to work.

Further confirmation of media bias and corruption is the man who could only be called Memphis is Depuy again, now that he's surplus to requirements at the rags.

 

[Dave Ewing's Back 'eader]

Yep, and in true MEN style, the first link on the article is a video titled 'Pep says City are out of title race'.

Off to check out the first Rag story to see a link to 'Mourinho says United are aiming for top four only, and the title race is way beyond them'.

Not in the MEN, not in our lifetime. The MEN, were they to even 'think' that story would be banned from The Swamp!

 

[remember arthur mann]

http://www.independent.co.uk/sport/...ster-city-ffp-image-right-deals-a7621641.html ?

 

[Prestwich_Blue]

http://www.independent.co.uk/sport/...ster-city-ffp-image-right-deals-a7621641.html ?

Just replied to that article. There's a host of inaccuracies but do we expect anything else from Herbert, the most aptly named journo until someone called Billy Bullshit comes along.

 

[chaddblue]

What we have achieved on the commercial side in less than 9 years is nothing short of unbelievable

 

[moomba]

http://www.independent.co.uk/sport/...ster-city-ffp-image-right-deals-a7621641.html ?

Is he suggesting that having sold the image rights of the players we owned at the time we should never make any money from the image rights of players we have bought since or will buy in the future?

 

[johnmc]

Just replied to that article. There's a host of inaccuracies but do we expect anything else from Herbert, the most aptly named journo until someone called Billy Bullshit comes along.

I didn't know Bayern booed the champions league anthem PB. Do they still?