-
Welcome Guest [Log In] [Register]
Greetings and welcome to The Football Net. We love talking balls, do you?


You're currently viewing our forum as a guest. Therefore you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, take part in the banter, vote in polls and enjoy fun competitions such as fantasy football and the betting exchange. Registration is simple, fast, and completely free.


Join us today on our football forums to talk balls with us!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
finances
Topic Started: May 19 2011, 02:21 PM (342 Views)
mcfc1975
Phorum Pimp
http://www.scribd.com/fullscreen/55741334

City threads keep getting over run by muppets that keep bleating on about Citys finances

so here is the finance thread

big deal City have spent a bucket load of money, big deal it has come from the sale of oil (that reminds me, i must put a tenner in my car) and big forking deal something else i have forgotten

City won the FA cup and will push on, like it or not. City will be challenging for the league next season, like it or not. you can all bitch and whinge about things, but that is just the way it is now.

Posted Image

City have just got in in time for the ffp. City officials seem confident that we will be able to get around comply with these rules and i believe these financial experts( who are paid alot of money to know about numbers,) alot more than i believe some trumped up little scrotes from the internet.

CTID :balotelli:
Posted ImagePosted ImagePosted Image

#prayforuwe
Offline Profile Quote Post Goto Top
 
Dotty
Member Avatar
Stuck up bastard
City really need to expand their revenue channels quickly, talks of signing all these big players is laughable imo considering you're current wage structure is unsustainable.
Offline Profile Quote Post Goto Top
 
FLOPP'D
Member Avatar
The King in the North
I look at Citys finances a while ago, and asked a City fan who he thought would be leaving in the summer. He said Johnson, Bridge, Adebayor, Tevez, M.Johnson, Given, Bellamy, Caideco, RSC, probably Boateng

A very rough look at those players should see City saving around 61m a year in wages and amortisation. Just a quick look MCFC but I think as long as City doesn't go mental this summer, they should be able to comply. The latest figures showed City mankign a 120m loss, add 30m or so for Champions League, and subtract that 61m, means around a 30m loss this year if everything else is held equal. Of course loads of stuff will change but it shows City should be able to comply when they sell off the deadwood.
Posted Image



John Henry April 2011
 
Success is winning championships. It is nothing less than that. And when you win a championship – and we will – success isn't measured or accomplished by winning once
Offline Profile Quote Post Goto Top
 
mcfc1975
Phorum Pimp
LuisSua7ez great minds :thumb:

agreed, City need to increase revenue, but they have already got more sponsorship from companies in Abu Dhabi, we will get more income from the CL and City got £1.8 million for winning the FA Cup

the owners are spending one billion pounds on redevelopement of the ground and surrounding area, if you look at the ffp ground regeneration and training ground improvements are allowed to be offset against spending.

i dont really know the ins and outs, but the money men at City do. they seem happy enough that City will comply so that means that i am happy enough

Citys owners have already had a meeting with platini and his cronies, i suspect they gave him a large brown envelope :p

Posted ImagePosted ImagePosted Image

#prayforuwe
Offline Profile Quote Post Goto Top
 
mcfc1975
Phorum Pimp
paddy, our chairman did an interviewwhich is on Citys os and said we will be getting 2 quality players, not buying loads like last time. they also said last year that that would be the last time we would buy lots. we have the nucleus of a very goo team and witha few tweaks we will be serious challengers.

http://www.telegraph.co.uk/sport/football/european/8253566/Michel-Platini-insists-he-is-prepared-to-ban-clubs-from-Champions-League-if-they-do-not-comply-with-regulations.html

an article from today saying he will ban clubs from europe, i have highlighted a few things

Quote:
 
There will also still be some subjectivity in enforcing the rule, with Uefa’s control panel planning to consider the trends of a club’s losses as well as any spending commitments that predated June 2010.
The earliest season that a club could theoretically be excluded from the Champions League is 2014-15.



so if City show they are heading in the right direction, 121 million loss last year, £75 million this year, £40 mill year after, etc etc, that seems like it will be fine.


Quote:
 
Platini, though, says that Sheikh Mansour has personally assured him that they will meet the criteria. City hope that the success of their academy, gaining entry into the Champions League and also improving sponsorship deals can help them bridge the shortfall.

“Last year I met the owner in Abu Dhabi, he promised they would live by the rules that Uefa bring in,” said Platini. “Rome wasn’t built in a day but we have taken this path and we will not retreat. It is a very deliberate attempt not to continue blindly and mindlessly. I wish to see no clubs that are the heritage of European football disappear because of mismanagement.”



Sheikh Mansour knows :balotelli:



Quote:
 
According to recent annual accounts, only four Premier League clubs met this principle


thats sorted, lets get these 4 in the CL :balotelli:

Posted ImagePosted ImagePosted Image

#prayforuwe
Offline Profile Quote Post Goto Top
 
Jeffers
Member Avatar
Ginger Prince
I think the 4 teams included United, Arsenal and Liverpool. A lot of the smaller teams have huge wage bills, Sunderlands was about 70% and im sure Villas was over 50%

I wouldn't worry too much about it, I cant see City needing to spend as much as they have done, and there should be enough money in the squad to ship out 4 or 5 and bring in 1 quality name

I'm not sure how player sales would effect the ruling though, big transfers like Torres and Ronaldo would completely change the situation
"I don't play against a particular team. I play against the idea of losing." - Cantona
Offline Profile Quote Post Goto Top
 
Deleted User
Deleted User

Nothing will drastically happen if clubs don't meet the criteria in this financial balls up.

UEFA aren't going to shoot themselves in the foot by banning their trump cards from their biggest competition; it's a face saving exercise to show that UEFA are 'apparently' doing something about this situation of clubs getting vastly into debt. The reality is that nothing will change.
Quote Post Goto Top
 
Jeffers
Member Avatar
Ginger Prince
If they p*** off too many clubs they will just make their own tournament like with the prem
"I don't play against a particular team. I play against the idea of losing." - Cantona
Offline Profile Quote Post Goto Top
 
Stryke
Star of Brokeback Mountain
It'll have some impact but as has been said. It's not as strict as it first appeared and there are plenty of ways for a club to get around it despite the hopes of many.
Sponsored by 'Statistics R Us'
Offline Profile Quote Post Goto Top
 
mcfc1975
Phorum Pimp
rather than hinder City, this may actually help us. Now we are in the top 4 we will get more and more money and hopefully become an established top 4 side. With these regulations coming in, there will be no more owners that can come in and threaten the dominance of the clubs already in the top 4 by splashing their cash. Instead of 'fair play', this rule is protecting the clubs already in a position of dominance. Gone are the dsys of a team like blackburn winning the league and gone are the days of a club becoming a serious long term threat to the new big 4. Imho, it is a real shame.

A team like everton is crying out for major investment, who is going to to this now? Prob no one, a once great club is prob going to be fighting for midtable positions and the odd semi final place.

Instead of football fans worrying about what City are doing, they should be worried that plstini is ruiningtye game and that the ffp is anything but fair.
Posted ImagePosted ImagePosted Image

#prayforuwe
Offline Profile Quote Post Goto Top
 
tebroc
Member Avatar
Beetlejuice's Body Double
Jeffers
May 19 2011, 05:42 PM
I think the 4 teams included United, Arsenal and Liverpool. A lot of the smaller teams have huge wage bills, Sunderlands was about 70% and im sure Villas was over 50%

I wouldn't worry too much about it, I cant see City needing to spend as much as they have done, and there should be enough money in the squad to ship out 4 or 5 and bring in 1 quality name

I'm not sure how player sales would effect the ruling though, big transfers like Torres and Ronaldo would completely change the situation
villas was one of the highest in the league percentage wise. its more expensive then spurs's.
Offline Profile Quote Post Goto Top
 
mcfc1975
Phorum Pimp
seeing as though utd fans keep spamming the City thread with utd s**t, here is the finance thread

Quote:
 
Manchester United remain the world's most valuable sports club, but behind-the-scenes the owners continue to struggle with their massive debts. Figures released this week from 'Red Football Joint Ventures' (Limited) show that The Glazer Family's parent company made a loss of £108.9 Million from July 2009 to the same month in 2010. The total debt that the club is burdened with is now £590.4 Million, which rose on the 2009 figure of £566.1 Million.

The previous year, 'Red Football' made a profit of £21 Million due to the £80 Million sale of Cristiano Ronaldo to Real Madrid. However, even if another Ronnie was to be sold - the club's owners would post a significant loss. The accounts of the football club - and not the owners - were published in October, which revealed a record loss of £83.6 Million.

The Glazer's losses for the 2009-2010 financial year include once-off costs from the setting-up of a £526 Million bond scheme in January of last year to compensate for a debt total of £509 Million. The record £108.9 Million company loss also entails a £30.2 Million interest payment on a high-yielding Payment-In-Kind (PIK) loan of £220 Million. The PIK loan became highly controversial, but it has since been fully repaid.

The club's parent company also lost nearly £20 Million on what it called 'unforeseen currency exchange rates' between American Dollars ($) and British Pound Sterling (£). In February, it was discovered that there had been a transfer of the parent company of United - 'Red Football' - from Nevada to Delaware, a less 'financially intrusive' US State.

The Red Devils remain in the hands of The Glazer Family, and with success imminent in the Barclays' Premier League, UEFA Champions League and The FA Cup - protests about the club's ownership have been less vociferous this term. That could all change, while supporters still remain confident of a takeover offer for the world's largest sports team.


http://www.united-latest.com/1/post/2011/03/manchester-uniteds-finances-continue-to-deteriorate.html



Quote:
 
Parent company of Manchester United have announced a record loss of £108.9m for the financial year ending in June 2010.

Red Football Joint Venture is the parent company to the Glazer Family who owns the club at Old Trafford.

The company’s loss for the year 2009-2010 includes one-off costs of a £526m bond scheme that was set up last January to replace outstanding debts of £509m.

Contributing to the loss was the drop in player sale income which was down from the previous summer when Cristiano Ronaldo was sold.

The summer of 2009 saw the club secure £80m from the sale of the Portuguese player which contributed to a £21m profit the previous year.



http://www.financial-news.co.uk/2069/2011/03/manchester-united%E2%80%99s-parent-company-announces-109m-loss/



jeffers, that article you put in the City thread showed utd have an increased turnover, which i am not disputing


dimitar, show me a link where it shows utd have a "record operating profit"

if you could show me a link to the last half year accounts as well as i dont think utd have realsed their year end accounts for this year

Posted ImagePosted ImagePosted Image

#prayforuwe
Offline Profile Quote Post Goto Top
 
Monty
Member Avatar
I'm a naughty boy
http://www.independent.ie/sport/soccer/premier-league/manchester-uniteds-operating-profits-set-to-top-100m-2371135.html

http://www.sportingintelligence.com/2010/10/08/manchester-united-accounts-turn-record-100-8m-operating-profit-into-loss-of-83-6m-081009/
Online Profile Quote Post Goto Top
 
mcfc1975
Phorum Pimp
:rofl:

thanks


Quote:
 
Manchester United accounts turn record £100.8m operating profit into loss of £83.6m




although after addbacks it is a break even figure

not too sure how they are going to incorporate buying players into the ffp, whether it will be broken down over the period of the contract or will be done in one big amount
Posted ImagePosted ImagePosted Image

#prayforuwe
Offline Profile Quote Post Goto Top
 
Monty
Member Avatar
I'm a naughty boy
What are you laughing at? :unsure:

United have over 180m in the bank, ALL transfers by ALL clubs are amortised over the life of their contracts. They are never done in one lump sum.
Online Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Barclays Premier League · Next Topic »
Add Reply

-- -