aguero93:20
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OB1 said:aguero93:20 said:OB1 said:I'm sorry but how the #### do you know that Mansour will not invest more equity in MCFC in order to fund transfers? Can you provide the quotes from the accounts that definitively say that?
I know that it says this in the Strategic Report: "Consistent with the commitment made in 2009-10 that transfers of the scale seen in previous years would be unlikely to be repeated, significant benefit has been gained from greater stability in the first team squad resulting in reduced amortisation costs." And I know that the idea is to build a self sustaining business model - which I support - but that does not mean Mansour won't put more money in; especially if FFP gets kicked out or modified. "Unlikely" is not a definitive statement.
Let's not forget that putting / signing players on long contracts means that their cost is spread and can mean that with growing revenues a sizable capital investment can be affordable from a profitability point of view but from a cash perspective may require new upfront investment.
Ultimately, if Mansour wants the best team in the world - and my opinion is that he does - he can choose to do whatever he wants that is within the the rules to get there and if that means investing more in the first team, I can see him changing his plans. No business can produce a plan and then stick slavishly to every aspect of it for years and years.
You should have read my posts, I said that I couldn't see us failing to get hard cash from CFG/ADUG if we needed it to fund a transfer. As for quotes, both Soriano and Khaldoon have said repeatedly in the last 12 months that we are now expected to live within our revenues and if we want to increase spending, we'll do it through growing revenues.
http://www.mcfc.com/News/Club-news/2014/December/Club-annual-report-2014
Speaking in the report, Chairman Khaldoon Al Mubarak, comments on the on field achievements of the first team which secured the Premier League title and Capital One Cup in the reporting period, as well as the wider league and national tournament success of several of the Club’s Academy year groups.
Furthermore he outlines his commitment to Manchester City Women’s FC which competed in its first season in the FA Women’s Super League.
He also emphasizes the progress made off the field and global expansion of the wider City Football Group organisation, referencing the deep ties between Manchester City FC and its sister clubs in New York, Melbourne and Yokohama and looks ahead to the imminent opening of the City Football Academy, planning for which began at the outset of His Highness’ investment.
...Chairman Khaldoon Al Mubarak...
"We have moved beyond the period of heavy investment that was required to make the Club competitive again, it is commercial growth of the kind we are seeing today that will underpin and support our operations in the future."
The Chairman concludes that today the Club “is where we hoped it would be when we began this transformation six years ago” and eagerly looks to what lies ahead for the Club and its supporters.
Chief Executive Officer Ferran Soriano, supporting the thoughts of the Chairman points to “a new level of financial sustainability” and outlines that not only has the Club halved losses for three consecutive years, but that it has budgeted for a profit in 2014-15 and the club expects to be entering the 2015-16 season with no outstanding sanctions or restrictions.
This year’s annual report is accompanied by an “At a glance” supplement, designed to give fans and all interested parties a more condensed and concise guide to the Club’s progress in the same period.
I'm busy so you will have to forgive me for not reading every last word of yours but the most recent that I responded to was:
"...me saying we would invest from club revenues and not Mansour's own money"
which was consistent with:
"Mansour won't be investing, you're out of your mind if you don't understand that any investment in the first team will come from our own revenues from now on."
So are you now saying that Mr A is not mad to think that Mansour might actually invest more of his own money in the first team?
I have read plenty of our senior managements' pronouncements on the club and its finances, I have a copy of the full annual report downloaded on my computer, and I fully understand them. I am also sure that these guys are serious about what they say but I do not recall one definitive statement that precludes Mansour putting his hand in his very deep pockets if he decides he wants to or needs to.
Never say never :-)
I was talking in a short term sense as in was in the context of signing Ross Barkley, however even if the external factors (ie FFP) that would seek to prevent him doing so were to disappear I would think it unlikely, it'll be the crowning glory of his investment and plan if we become a self sustaining debt free elite club.