PL charge City for alleged breaches of financial rules

It could have been 10 said:
The only 2 sports journalists who called out ffp for the correct protectionist, anti-competitive practice it is was Martin Samuel & Stuart Brennan (now retired). In my eyes Martin is the only decent sports journalist out there. The rest of them aren't worth a wank.
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Agree entirely
 
It could have been 10 said:
The only 2 sports journalists who called out ffp for the correct protectionist, anti-competitive practice it is was Martin Samuel & Stuart Brennan (now retired). In my eyes Martin is the only decent sports journalist out there. The rest of them aren't worth a wank.
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There was an article in the daily mail last week by Stuart Brennan
 
Benzino said:
That’s a really good point, I mean it is their money. I mean technically they own a portion of the club. If they don’t meet the repayments, they’ll be huge problems, so yeah, they have a strangle hold over them for sure. The best example of this though is with Barca.

Barca are a club who are in over £1B in debt and have just taken another finance deal for over £1B to revamp their stadium. They still owe £100M in transfer fees to around 20 clubs and another £100M in wages to players. I believe they’ve not actually paid the full amount of money for Coutinho yet, and I’m not even joking. But yet they spent £100M in the last transfer window and complied with FFP!

Barca sold 25% of their television rights for the next 25 years, to a private equity company. They sold 25% of their production company and 49% of Barca TV. They sold their soul a long time ago, but now they’re selling their future and their history. The rumours are, next they’ll sell the ‘Licensing and Merchandising arm’ of the club, reportedly for £175M. Then more television rights, possibly for around £425M. Which means they’ll be able to splash again and comply with the farcical FFP. But our owner isn’t allowed to give us money from his own pocket. It’s beyond a joke.
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Excellent piece,but too sum it up certain clubs are and will be allowed to rack up even more debt,and owe on outstanding wages,as it’s conveniently ignored and brushed under the carpet after they take a cursory inspection or at least let on to ..
 
Jam Tomorrow said:
Our good friends from Trafford are NOT £500m in debt, that is not true.

it’s actually £1000m or a cool billion…

www.sportindustry.biz

man UTD Financial Results Reveal £1bn Debt - Sport Industry Group

Manchester United has recorded a net profit for the first time since the COVID-19 pandemic but the Premier League club’s money owed remains close to £1bn. The club’s quarterly accounts for the three months ending December 2022, released on Thursday, reveal it posted a £6.3m net profit, even...
www.sportindustry.biz www.sportindustry.biz
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I’ve never bought or even valued a business but I struggle to understand how anyone would put a sale value on this at £7 billion which is the figure I keep reading in the press.
 
cheekybids said:
I’ve never bought or even valued a business but I struggle to understand how anyone would put a sale value on this at £7 billion which is the figure I keep reading in the press.
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City, bought for £200m, investment somewhere around £1.5B, current value, around £3-4B. the rags, current alleged value £5-7B. New stadium required, new training facilities, squad improvements, shipping out duds. So I would guess whoever buys them will need around £8-10B to reach anywhere near our level. How can that be an attractive business proposition, it can’t hence they are way overvalued and anyone who buys is certain to take on a huge deficit. Who and why? Oh and they don’t have a shirt sponsor.
 
Jam Tomorrow said:
City, bought for £200m, investment somewhere around £1.5B, current value, around £3-4B. the rags, current alleged value £5-7B. New stadium required, new training facilities, squad improvements, shipping out duds. So I would guess whoever buys them will need around £8-10B to reach anywhere near our level. How can that be an attractive business proposition, it can’t hence they are way overvalued and anyone who buys is certain to take on a huge deficit. Who and why? Oh and they don’t have a shirt sponsor.
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New owner should pay 7 billion, and take out a loan. Out of the frying pan and into the fire, please.
 
Jam Tomorrow said:
City, bought for £200m, investment somewhere around £1.5B, current value, around £3-4B. the rags, current alleged value £5-7B. New stadium required, new training facilities, squad improvements, shipping out duds. So I would guess whoever buys them will need around £8-10B to reach anywhere near our level. How can that be an attractive business proposition, it can’t hence they are way overvalued and anyone who buys is certain to take on a huge deficit. Who and why? Oh and they don’t have a shirt sponsor.
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Imagine them going out of business ha ha Possible if someone gets rinsed of 6-7 billion.
 
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