Times today- Manchester Utd subtle laugh
Discussion
hora said:
Man City spokesman- basically decided to cancel the cup tie derby with Man Utd and let fans know a day early as...
"It gives some fans enough notice as they have a long distance to travel from the snow bound home counties"
Total class.
Better play the fixture soon though. Man U owe alot more money don't they?
EFA "It gives some fans enough notice as they have a long distance to travel from the snow bound home counties"
Total class. Better play the fixture soon though. Man U owe alot more money don't they?
hora said:
Man City spokesman- basically decided to cancel the cup tie derby with Man Utd and let fans know a day early as...
"It gives some fans enough notice as they have a long distance to travel"
Total class.
Better play the fixture soon though. Man U owe alot more money don't they?
Not according to north west news tonight."It gives some fans enough notice as they have a long distance to travel"
Total class. Better play the fixture soon though. Man U owe alot more money don't they?
Man City posted the biggest loss in the premiership this year.
£91M not including lots of extra stuff.
cazzer said:
hora said:
Man City spokesman- basically decided to cancel the cup tie derby with Man Utd and let fans know a day early as...
"It gives some fans enough notice as they have a long distance to travel"
Total class.
Better play the fixture soon though. Man U owe alot more money don't they?
Not according to north west news tonight."It gives some fans enough notice as they have a long distance to travel"
Total class. Better play the fixture soon though. Man U owe alot more money don't they?
Man City posted the biggest loss in the premiership this year.
£91M not including lots of extra stuff.
Edited by 308mate on Wednesday 6th January 23:51
i thought it was a net loss of about 30m in terms of operting costs and 60m as a result of spending on transfer fees. next year will be higher still as it will include tevez, adebayor etc etc the conversion of loans to shares is the interesting bit as Cityarent affected by proposed Uefa regulations that would prevent heavily indebted clubs entering European competition.
from the bbc.
Manchester City football club has reported an annual loss of £92.6m ($148m) for the 2008/09 financial year.
The figures reflect the large sums of money spent on top-class players by Sheikh Mansour since he bought the Eastlands club in September 2008.
They include the £32.5m signing of Brazilian star Robinho.
The figures do not take into account the further large outlay since May 2009 on players such as Carlos Tevez, Kolo Toure and Emmanuel Adebayor.
'Transformation'
The financial report also shows that Sheikh Mansour has invested £395m in Manchester City by converting loans of £305m into equity, as well as buying further shares of about £90m.
"The financial results reflect a period of rapid change at the club, the result of long-term planning and investment by the board and our owners, to create a sustainable business in the future," said City's chief financial and administration officer, Graham Wallace.
"We have always said that this transformation will take a number of years and these figures reflect that."
Other players bought during the financial period included Craig Bellamy and Shay Given.
Away from player transfer costs, there were some positive signs in other aspects of the business.
Turnover was up 6% to £87m, while average attendances rose slightly, to 42,890 from 42,081 the year before.
A run to the latter stages of the UEFA Cup helped boost ticket revenues by £1.8m, and TV income was up by 12% to £48.3m, also boosted by the European run.
Graham Wallace, the club’s chief financial and administration officer, said: “The owners’ decision to convert debt to equity is in line with their previously stated financial strategy and is fantastic news for supporters, whose club is now on a secure financial foundation.”
dream on popeye, take a look down the A3 and see whats happening....
from the bbc.
Manchester City football club has reported an annual loss of £92.6m ($148m) for the 2008/09 financial year.
The figures reflect the large sums of money spent on top-class players by Sheikh Mansour since he bought the Eastlands club in September 2008.
They include the £32.5m signing of Brazilian star Robinho.
The figures do not take into account the further large outlay since May 2009 on players such as Carlos Tevez, Kolo Toure and Emmanuel Adebayor.
'Transformation'
The financial report also shows that Sheikh Mansour has invested £395m in Manchester City by converting loans of £305m into equity, as well as buying further shares of about £90m.
"The financial results reflect a period of rapid change at the club, the result of long-term planning and investment by the board and our owners, to create a sustainable business in the future," said City's chief financial and administration officer, Graham Wallace.
"We have always said that this transformation will take a number of years and these figures reflect that."
Other players bought during the financial period included Craig Bellamy and Shay Given.
Away from player transfer costs, there were some positive signs in other aspects of the business.
Turnover was up 6% to £87m, while average attendances rose slightly, to 42,890 from 42,081 the year before.
A run to the latter stages of the UEFA Cup helped boost ticket revenues by £1.8m, and TV income was up by 12% to £48.3m, also boosted by the European run.
Graham Wallace, the club’s chief financial and administration officer, said: “The owners’ decision to convert debt to equity is in line with their previously stated financial strategy and is fantastic news for supporters, whose club is now on a secure financial foundation.”
dream on popeye, take a look down the A3 and see whats happening....
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