Yaya_Tony said:
Marvin said:
VOOMER said:
Dave, it will be 20 years before they are clear of the debt, because its the Glaziers debt that is being cleared and thats immense and all the while they will be shuffling money around to keep Tampa Bay going, lining their own pockets and clearing their moutains of surplus and debt ridden real estate. By which type we will be on phase 6, or 7, have a stupendous youth system an 80,000 stadium and as the mackems pointed out "all your kids are City fans!"
They're trying to re-list Utd this time in the States. If they do that they will be able to pay of large proportion of their debts, if not all of it.
Not as a football club, or even a sporting brand, but as a media company. Even then the money raised won't even come close to wiping their debt, thanks to Uncle Malc. Stormy seas ahead for the scum.
Utd is a cash cow for the Glazers, the model they operate is to invest the minimum amount of money required to maintain the club at optimum performance, while squeezing as much money out to service their debts, a model all companies aspire to, though profit ideally would go to investors rather than debt servicing.
Why spend more money than you need to be the best? Well, suddenly to be the best costs more money, courtesy of City.
This fight between City and Utd is not just a conflict between two teams or even two managers, it is first a contest between Sheikh Mansour and the Glazers. In a straight fight it is no contest, the Sheikh can outspend the Glazers without breaking a sweat, but Utd's vast fan base and the immense income that flows from it, coupled with "Financial Fair Play", hamper City big time.
The story I'd love to know is not the infamous "trajectory of results" that saw Hughes go, but the trajectory of income. I know a little about this, with the emphasis on "little" but I'd love to know what's going on behind Khaldoons icy cool exterior, what is the real plan? On the surface it is almost impossible to imagine a business model that can control our current deficit. There is no doubt that City are doing all the things one would expect of a club trying to nurture a growing worldwide fan base and the income that will eventually flow from it, but questions remain.
Put simply, what is the "Critical Path Analysis"?..... What are the tasks which must be completed on time for the whole project to be completed on time, what is the minimum length of time needed to complete the project, and on a more basic level, when you strip out all the rhetoric, what is the project? Where will we be in five years time? What targets have we set ourselves for income generation? How are we going to get our deficit down? And if we can't get it down will it matter? Given that FFP is untested and has no "validity", as far as corporate governance is concerned.
I search high and low amongst the sea of bollocks about City to find this stuff out, but answers there are none. Truth is we know more about the Chinese space programme than we do about the "City Project".