LongsightM13
Well-Known Member
Whether by bad faith or basic stupidity/incompetence, the issue of prize money is the biggest misunderstanding going when the media or uneducated rival fans talk about us being ‘backed by rich owners’.With all this gross and net spend obsession with Grealish, the press seem to have conveniently forgotten to add prize money to the pot.
The success from the last ten years has produced a decent boost to our spending power. Getting to the champs league final produced a decent amount alone. Winning the Prem also boosted us.
But as always, don't let facts get in the way of a good story...
We took in around £230m in prize money from the PL and Champions League last season alone. More than £2billion estimated since the 2008 takeover.
Not bad for a club bought for £200m or so.
The difference between City and our rivals being that our owners reinvest it all back into the club and don’t take it out.
I’ve suggested before that one of our more financially astute writers/podcasters could do a deep dive into the numbers over the years, it would be an interesting point to analyse.