Revenues up 21%...

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Revenues up 21%...

Postby Peter Doherty (AGAIG) » Wed Nov 08, 2017 5:10 pm

...A profit of £1 million and top o' de league.

http://www.manchestereveningnews.co.uk/ ... s-13873829

Pep Guardiola has the green light to continue his Manchester City revolution with ANOTHER big transfer spend next summer.

The Blues have chalked up record revenues and even posted a small profit, despite their £180million spending spree in the summer of 2016.

And that means that Guardiola will be given funds to improve the squad again after vowing to 'shake the team a little' next summer.

City have posted record revenues of £473.4million, up by 21 per cent on last year – and that means for the third year running they are in the black.

That was despite Guardiola's first big spend, which brought in John Stones , Leroy Sane , Gabriel Jesus , Ilkay Gundogan , Nolito and Claudio Bravo .

City are in pole position to add Arsenal's Alexis Sanchez to their squad and will be hunting a new centre-back – possibly two – as well as another left-back.

They will be in the market for a left-back in January and could even try to draft in a central defender if the right man is available.

Sanchez will be available on a free transfer, but is expected to come with a hefty wage – but the club has trimmed its wage bill to a decent 56 per cent of revenue, leaving room to accommodate the Chile international.

READ MORE
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The club's annual report for 2016-17, released on Wednesday, shows the spending and wages is not making a hole in the club's finances, as it did in the first few years after Sheikh Mansour's takeover, and which led them into trouble under Uefa's financial fair play rules.

The Blues have exceeded that spending this summer with a world record £220million outlay but are comfortable they can cover the extra expense.

The profit is a tiny £1million, but the club has rejigged its reporting cycle to include the loss-making month of June – if it had not, the profit would have been around £10million.
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Re: Revenues up 21%...

Postby gillie » Wed Nov 08, 2017 6:18 pm

Time for City to really piss the rest of the league off by buying more of the world's best players lol.
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Re: Revenues up 21%...

Postby Chinners » Wed Nov 08, 2017 6:45 pm

With respect Gillie, is that what you want, to pish off the rest of the league? <SHAKES HEAD IN DISAPPOINTMENT>
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Re: Revenues up 21%...

Postby gillie » Wed Nov 08, 2017 6:58 pm

Chinners wrote:With respect Gillie, is that what you want, to pish off the rest of the league? <SHAKES HEAD IN DISAPPOINTMENT>

Well perhaps not the League but deffo the rags and candlepool also the Tarquins.
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Re: Revenues up 21%...

Postby Chinners » Wed Nov 08, 2017 7:27 pm

gillie wrote:
Chinners wrote:With respect Gillie, is that what you want, to pish off the rest of the league? <SHAKES HEAD IN DISAPPOINTMENT>

Well perhaps not the League but deffo the rags and candlepool also the Tarquins.


Oh, that's ok then .... carry on
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Re: Revenues up 21%...

Postby littlebig » Wed Nov 08, 2017 9:36 pm

"City have posted record revenues of £473.4million, up by 21 per cent on last year – and that means for the third year running they are in the black."

The juggernaut is on it's way.
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Re: Revenues up 21%...

Postby Mikhail Chigorin » Thu Nov 09, 2017 8:28 pm

That gentleman from the Spanish FA who seems to hate us for whatever reasons, known only to himself, will probably be very sceptical about these trading figures.

He probably will think they're outlandishly contrived in some way and criminally covering up the massive losses we must be making.

He could well be on the 'phone to UEFA at this very moment.............good innit ?? :lol: :lol: :lol:
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