Manchester City releases 2023-24 Annual Report | Record £715m revenue, profit of £73m

I particularly like the idea of a Grandads and Grandsons incentive.
My 5 year old grandson has been to one PL game with me( when my friend was on holiday) and I will be taking him to the Salford City cup game.
As you rightly suggest,it will build an on going bond between myself and Declan my grandson,but it may also make him want to attend other City matches in the future.
100%.

These 'Days' are low cost but high value and resonate with the Sheikh and Khaldoons appreciation of our fan make-up and loyalty.

Its another form of strategic investment....break the mould City.

In cup games a separate section of seats could be set aside.
 
And, while I am at it, let's not forget the auditors' position in all this. They have given clean audit opinions through to 2018. They have doubled down by not quitting as auditors in 2019. They have tripled down by giving clean opinions through 2024. And now they have quadrupled down by accepting the club's assessment of a financial impact as remote as the case draws to a close.

They are balls deep in this with the club and they have a lot of reputation to lose if they get it wrong ..... They won't be, imho.

And they have a statutory right to see all the same financial information that will be presented to the IC.

And a strong negotiating position to ask for (demand) third party information they couldn't otherwise access, as they'd simply resign if it wasn't provided (due to the fraud accusations)
 
I am sure you know this, but these are the relevant requirements of IAS 37 - Contingent Liabilities:

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This is why I think it is a significant statement from the management, directors and auditors, and the lawyers that inform them, that they see, as at October 8 after all they have seen and heard concerning evidence and counter-evidence, that the possibility of an outflow of economic resources as a result of the case is remote. Remote, iirc, is the assessment of a very low likelihood of it happening. To me, that is quite a significant statement. Not that it guarantees anything, but it is a formal statement in a regulated and audited setting that the club is still super-confident.

Yes, I know the case is referred to in the Strategic Review, but that doesn't satisfy IAS 37. If a contingent liability is anything other than remote, it has to provided for in the accounts, or disclosed in a contingent liability note to the accounts. Discussion in the Strategic Review isn't enough.
But we wouldn't have any indication as to the outcome of the hearing when these accounts were prepared and signed.
 

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