City removing seats

[oakiecokie]

Removing the seats will have little impact.Just read the thread regarding which supporters are going back,if we ever get back to normal,and there are hundreds not bothering so there will be ample room for those who are on any so called waiting lists etc. ;)

 

[Prestwich_Blue]

Most investors expect an actual income not just capital growth his income return on City relative to the money invested is peanuts our profit relative to our income is peanuts I could earn him more a year by investing the same money in a safe ish utility company or perhaps even a bond

Also I don’t think he is earning anything from the other clubs yet

Even before the pandemic we barely made a profit and people on here are talking of spending 100 million replacing Aguero and not mention the constant calls the replace Mahrez Rodri Stones Zinchenko Mendy etc

So would you be happier if Sheikh Mansour took a dividend out, like the Glazers do?

Last year CFG as a whole generated £155m net cash, after operating expenses. I'd bet that City accounted for most of that. I wouldn't worry too much about competing in the transfer market just yet.

 

[Corky]

Removing the seats will have little impact.Just read the thread regarding which supporters are going back,if we ever get back to normal,and there are hundreds not bothering so there will be ample room for those who are on any so called waiting lists etc. ;)

The same goes for shutting level 3s for cup games which you have a problem with.

 

[oakiecokie]

The same goes for shutting level 3s for cup games which you have a problem with.

Not quite sure what you mean “you (myself) have a problem with ? Care to expand on that please.

 

[Corky]

Not quite sure what you mean “you (myself) have a problem with ? Care to expand on that please.

I thought you had previously complained about CB3 being shut for cup games, must be mistaken.

 

[East Level 2]

I thought you had previously complained about CB3 being shut for cup games, must be mistaken.

I think the complaints come from CB3 ST holders who have to move and then see their seats on open sale once demand means the stand is open.

 

[oakiecokie]

I thought you had previously complained about CB3 being shut for cup games, must be mistaken.

No definitely not me as I`m not even on the Cup Schemes.

 

[The Stockport Iniesta]

Reducing the capacity isn't really a good thing, anyone arguing that it is, or making excuses, please give your head a fucking wobble.

 

[WRicko]

You don’t understand how amortisation works either, do you.

That’s a bit arrogant

Yes I do but if I buy Rodri for 60 million and sell him for 40 and replace him with someone better who costs 60 but I make 5 million accounting profit I have still lost money and will want to make it back via advertising etc etc

 

[Prestwich_Blue]

That’s a bit arrogant

Yes I do but if I buy Rodri for 60 million and sell him for 40 and replace him with someone better who costs 60 but I make 5 million accounting profit I have still lost money and will want to make it back via advertising etc etc

But you're not working from a single, fixed pot of money which you're continually recycling are you?

If I have £10k in cash to spend on a car which I then sell for £8k, if I want another 10k car, I have to find an additional £2k from somewhere, otherwise I only have £8k to spend and that means a slightly worse car.

But if you look at CFG's 2019 accounts, we generated cash of £155m from operations, sold players for £86.5m and bought new players for £164m. So that left us £75m in the black, of which we spent about £25m on other stuff. So we had nearly £50m more cash at the end of the financial year than we had at the start.

It makes no difference therefore if we sell a player for £20m less than we bought him for 3 seasons ago, as we're not solely relying on that sale revenue to buy a new player.