Financial Fair Play/Financial Report (merged)

[JoeMercer'sWay]

Re: Financial figures appear to be somewhat late.

As waspish says, I don't believe City are under any obligation to actually publish their financial results in the public domain at all. In February of every year, though, Deloitte release their Football Money League, which includes a decent 1-2 pages per team of analysis of the figures for each of the top 20 clubs, and that will definitely announce what our turnover and profit figures were.

if we don't publish anything Deloitte's figure will just be a well-informed estimate, but going by the owner's business beliefs we will publish something, transparency and so forth. I was kind of hoping they'd come out while I was still on leave so I could have a good browse.

I was under the impression that Deloitte are actually given full access to company financial data. After all, they are a company that specialise in that sort of thing.

City have a legal obligation to publish their financial results.

MCFC are a limited company, registered in England, and therefore have to file accounts with Companies House. Those accounts can be accessed by anyone (for a small fee). The deadline for filing the accounts has not yet passed (it's nine months after the accounting year-end).

True, but what I meant is that they're under no obligation to announce that the figures have been released, nor to put them on the website as they have done in the past. They are able to sneak them out the back door and rely on them not being widely reported, in other words.

no chance with the hounds on here baying for them.

 

[Second Skin]

Re: Financial figures appear to be somewhat late.

Just checked companies house and this is the latest info:

Name & Registered Office:
MANCHESTER CITY FOOTBALL CLUB LIMITED
ETIHAD STADIUM
ETIHAD CAMPUS
MANCHESTER
M11 3FF
Company No. 00040946

Status: Active
Date of Incorporation: 16/04/1894

Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC):
93120 - Activities of sport clubs

Accounting Reference Date: 31/05
Last Accounts Made Up To: 31/05/2012 (FULL)
Next Accounts Due: 28/02/2014
Last Return Made Up To: 01/11/2013
Next Return Due: 29/11/2014

Mortgage: Number of charges: 38 ( 8 outstanding / 30 satisfied / 0 part satisfied )

Last Members List: 01/11/2013
Last Bulk Shareholders List: 01/11/1994

Previous Names:
Date of change Previous Name
29/08/2007 MANCHESTER CITY FOOTBALL CLUB PLC

 

[aguero93:20]

Re: Financial figures appear to be somewhat late.

They get the data from public sources as far as I'm aware.

Well if that's true then fair enough. At any rate, their figures seem to be fairly reliable, though.

they're very good at what they do but they're not a state regulatory body.

 

[OB1]

Re: Financial figures appear to be somewhat late.

if we don't publish anything Deloitte's figure will just be a well-informed estimate, but going by the owner's business beliefs we will publish something, transparency and so forth. I was kind of hoping they'd come out while I was still on leave so I could have a good browse.

I was under the impression that Deloitte are actually given full access to company financial data. After all, they are a company that specialise in that sort of thing.

City have a legal obligation to publish their financial results.

MCFC are a limited company, registered in England, and therefore have to file accounts with Companies House. Those accounts can be accessed by anyone (for a small fee). The deadline for filing the accounts has not yet passed (it's nine months after the accounting year-end).

True, but what I meant is that they're under no obligation to announce that the figures have been released, nor to put them on the website as they have done in the past. They are able to sneak them out the back door and rely on them not being widely reported, in other words.

no chance with the hounds on here baying for them.

Exactly. Not a snowball's chance in hell of sneaking those out.

 

[Falastur]

Re: Financial figures appear to be somewhat late.

They get the data from public sources as far as I'm aware.

Well if that's true then fair enough. At any rate, their figures seem to be fairly reliable, though.

they're very good at what they do but they're not a state regulatory body.

No, but they do have a lot of agreements with the top clubs to audit their books, so they do get access to this stuff.

 

[Carver]

Re: Financial figures appear to be somewhat late.

Just checked back here to see if there was any news.

Are we expecting a release late today or not?

 

[Prestwich_Blue]

Re: Financial figures appear to be somewhat late.

Well if that's true then fair enough. At any rate, their figures seem to be fairly reliable, though.

they're very good at what they do but they're not a state regulatory body.

No, but they do have a lot of agreements with the top clubs to audit their books, so they do get access to this stuff.

All Premier League football clubs are companies and all companies have to file accounts at Companies House, where anyone can access the information. Virtually all clubs around Europe either have to do something similar or publicise the figures in the media and on their websites.

 

[cibaman]

Re: Financial figures appear to be somewhat late.

Just checked back here to see if there was any news.

Are we expecting a release late today or not?

Hope not, would mean bad news if they're released on the quiet?

 

[oakiecokie]

Re: Financial figures appear to be somewhat late.

if we don't publish anything Deloitte's figure will just be a well-informed estimate, but going by the owner's business beliefs we will publish something, transparency and so forth. I was kind of hoping they'd come out while I was still on leave so I could have a good browse.

I was under the impression that Deloitte are actually given full access to company financial data. After all, they are a company that specialise in that sort of thing.

City have a legal obligation to publish their financial results.

MCFC are a limited company, registered in England, and therefore have to file accounts with Companies House. Those accounts can be accessed by anyone (for a small fee). The deadline for filing the accounts has not yet passed (it's nine months after the accounting year-end).

True, but what I meant is that they're under no obligation to announce that the figures have been released, nor to put them on the website as they have done in the past. They are able to sneak them out the back door and rely on them not being widely reported, in other words.

no chance with the hounds on here baying for them.

What an absolute bag of shit comment that is.People on here are NOT baying for them,we are basically nosey bastards one and all,so we like to know how the land lies and if we are meeting our so called projected targets.
Baying for them !! For fucks sake !!!

 

[JoeMercer'sWay]

Re: Financial figures appear to be somewhat late.

I was under the impression that Deloitte are actually given full access to company financial data. After all, they are a company that specialise in that sort of thing.



True, but what I meant is that they're under no obligation to announce that the figures have been released, nor to put them on the website as they have done in the past. They are able to sneak them out the back door and rely on them not being widely reported, in other words.

no chance with the hounds on here baying for them.

What an absolute bag of shit comment that is.People on here are NOT baying for them,we are basically nosey bastards one and all,so we like to know how the land lies and if we are meeting our so called projected targets.
Baying for them !! For fucks sake !!!

give over, there are people already having withdrawal symptoms and itching uncontrollably because they haven't got hold of them yet.

nothing on BM is ever "oh, I'll just have a look whenever you're ready".