Why Always Ste
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Media bias against City
- Thread starter JoeMercer'sWay
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Talk shite-shit-toss-wank, etc.......(sorry for swearing) have plummeted to new depths.
The article on their website is............
REVEALED: Top 10 Premier League clubs with the MOST debt
And in at number 9 is............
Now, any self respecting and clued up person/reporter/journalist who knows anything about City and their finances would know City don't have any debt. In fact, Khaldoon only touched on it recently in his end of season interview. But the gimps at Talk Shite obviously missed that, even though their website/media department, if you can honestly call it that, only recently featured his interview and what he said.(including no debt)
In at No2 is the club across town who do everything the right way, have never bought success, and all the money they make is self made.(arf!). Not surprisingly Talk Shite has their debt at £342mill. A mere £58mill short of what it has climbed to now.(let's bury the truth)
In at No1 is Chelsea, with debts of £958mill, owed to a certain Russian Oligarch.
The article on their website is............
REVEALED: Top 10 Premier League clubs with the MOST debt
And in at number 9 is............
Now, any self respecting and clued up person/reporter/journalist who knows anything about City and their finances would know City don't have any debt. In fact, Khaldoon only touched on it recently in his end of season interview. But the gimps at Talk Shite obviously missed that, even though their website/media department, if you can honestly call it that, only recently featured his interview and what he said.(including no debt)
In at No2 is the club across town who do everything the right way, have never bought success, and all the money they make is self made.(arf!). Not surprisingly Talk Shite has their debt at £342mill. A mere £58mill short of what it has climbed to now.(let's bury the truth)
In at No1 is Chelsea, with debts of £958mill, owed to a certain Russian Oligarch.
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Blue Hefner
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Talk shite-shit-toss-wank, etc.......(sorry for swearing) have plummeted to new depths.
The article on their website is............
REVEALED: Top 10 Premier League clubs with the MOST debt
And in at number 9 is............
Now, any self respecting and clued up person/reporter/journalist who knows anything about City and their finances would know City don't have any debt. In fact, Khaldoon only touched on it recently in his end of season interview. But the gimps at Talk Shite obviously missed that, even though their website/media department, if you can honestly call it that, only recently featured his interview and what he said.(including no debt)
In at No2 is the club across town who do everything the right way, have never bought success, and all the money they make is self made.(arf!). Not surprisingly Talk Shite has their debt at £342mill. A mere £58mill short of what it has climbed to now.(let's bury the truth)
In at No1 is Chelsea, with debts of £958mill, owed to a certain Russian Oligarch.
'source: Daily Mail' says it all
portisheadblue
Well-Known Member
The debt at Chelsea was restated at one point zero four billion pounds and is repayable on 18 months notice
Blueknows
Well-Known Member
Another example of only wages +fees+ bonuses quoted when we buy anyone , now we have David McDonald from the mirror headlining with James Milner is poised to turn down a staggering £34million contract offer from Manchester City to sign for Liverpool on a free transfer
JoeMercer'sWay
Well-Known Member
So if you take it as the City (2/3 wages, 1/3 bonuses) over a 5 year deal that's £87k a week, or if just full wages, £130k a week. On a 4 year deal, it's £163k a week or £110k a week. Liverpool are rumoured to be paying him £110k a week, which coincidentally, is the approximate non-bonus City figure.
So at best, Liverpool are paying the same as we offered, if not more, and they also gave him the huge sign-on fee, so the headline should read.
MONEYBAGS MILNER rejects Champions League City in favour of £44m Scandalous Scouse Splurge
Lol, they are going to be paying him in chips and poems written in scouse tears then? I imagine the "Milner turns down staggering £34m contract offer from Man City to sign staggering £40m Liverpool offer" just didn't play right to their audience
JoeMercer'sWay
Well-Known Member
Appears this is where they've got the £67m figure from:
15 - Creditors: amounts falling due after more than one year
Group
Company
2014 (£000)
Obligations under finance leases (Note 16) 67,000
Creditors arising from player transfers 2,910
Total 69,910
2013 (£000) Obligations under finance leases (Note 16) 67,315 - -
Creditors arising from player transfers 21 - -
Total 67,336 - -
Back to Top ^
16 - Borrowings
Group
Maturity of debt: Finance Leases
2014 Total £000
Within one year 315
Between one and two years 331
Between two and five years 1,096
After more than five years 65,573
Total 67,315
FINANCE LEASES
Obligations under finance leases include future obligations under the lease of the Etihad Stadium. Details are provided within note 11.
The maturity of obligations under finance leases and hire purchase contracts is as follows:
2014 £000
Within one year 3,550
In the second to fifth year 14,200
Over five years 160,925
Less future finance charges (111,360)
Total 67,315
Note 11
FINANCE LEASE ON ETIHAD STADIUM
On 5 August 2003 Maine Road was exchanged for a 250 year leasehold interest in the Etihad Stadium. Rental payments are made quarterly. The lease has been treated as a finance lease, with the lease premium and the net present value of future rental obligations capitalised.
A finance lease creditor equal to the future obligations under the lease has been established. In calculating the future obligations an interest rate of 7.57% and an estimated long term inflation rate of 2.5% have been applied. This reflects the discount rate previously applied to the finance lease before the amendment as the directors consider this reflects the rate at which they could borrow from a third party.
The finance lease liability was initially established at £34,903,000. In the year ended 31 May 2013 the lease was renegotiated with Manchester City Council and certain terms were amended. As a result fixed asset additions of £29,257,000 were recognised to reflect the capital enhancement of the stadium asset, the revaluation reserve was reduced by £29,257,000 to ensure the total value of the stadium asset following the additions did not exceed the 2013 GVA Grimley valuation. This resulted in an amended initial finance lease liability of £67,614,000.
15 - Creditors: amounts falling due after more than one year
Group
Company
2014 (£000)
Obligations under finance leases (Note 16) 67,000
Creditors arising from player transfers 2,910
Total 69,910
2013 (£000) Obligations under finance leases (Note 16) 67,315 - -
Creditors arising from player transfers 21 - -
Total 67,336 - -
Back to Top ^
16 - Borrowings
Group
Maturity of debt: Finance Leases
2014 Total £000
Within one year 315
Between one and two years 331
Between two and five years 1,096
After more than five years 65,573
Total 67,315
FINANCE LEASES
Obligations under finance leases include future obligations under the lease of the Etihad Stadium. Details are provided within note 11.
The maturity of obligations under finance leases and hire purchase contracts is as follows:
2014 £000
Within one year 3,550
In the second to fifth year 14,200
Over five years 160,925
Less future finance charges (111,360)
Total 67,315
Note 11
FINANCE LEASE ON ETIHAD STADIUM
On 5 August 2003 Maine Road was exchanged for a 250 year leasehold interest in the Etihad Stadium. Rental payments are made quarterly. The lease has been treated as a finance lease, with the lease premium and the net present value of future rental obligations capitalised.
A finance lease creditor equal to the future obligations under the lease has been established. In calculating the future obligations an interest rate of 7.57% and an estimated long term inflation rate of 2.5% have been applied. This reflects the discount rate previously applied to the finance lease before the amendment as the directors consider this reflects the rate at which they could borrow from a third party.
The finance lease liability was initially established at £34,903,000. In the year ended 31 May 2013 the lease was renegotiated with Manchester City Council and certain terms were amended. As a result fixed asset additions of £29,257,000 were recognised to reflect the capital enhancement of the stadium asset, the revaluation reserve was reduced by £29,257,000 to ensure the total value of the stadium asset following the additions did not exceed the 2013 GVA Grimley valuation. This resulted in an amended initial finance lease liability of £67,614,000.
Chris in London
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- 21 Sep 2009
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- 13,330
So the bad news is that contrary to what Khaldoon said we owe £67m to the City Council, but the good news is we have got 238 years to pay it?
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