Financial News...

[ryanmjo]

Apologies if this was posted elsewhere:

Manchester City have announced the biggest loss in English football history, £194.5m for the most recent financial year. The loss on that huge scale, bankrolled by the club's oil-rich owner, Sheikh Mansour bin Zayed al-Nahyan during the third year since he bought City in 2008, eclipses the previous biggest loss ever made, £141m by Chelsea in 2005, the second year of their ownership by the oil oligarch Roman Abramovich.

City's loss was made principally by buying players to make Roberto Mancini's squad strong enough to top the Premier League, and paying wages beyond the club's own turnover. During the 2010-11 financial year City signed Jérôme Boateng for £10.5m, Edin Dzeko for £27m, David Silva for £26m, Yaya Touré for £24m, Aleksandar Kolarov for £19m, Mario Balotelli for £24m and James Milner for £26m, an extraordinary series of player purchases totalling £156.5m.

More here:
http://www.guardian.co.uk/football/2011 ... -ever-loss

I'm not too worried about, I don't think. Should I be?

[Mark (Blue Army)]

It's a big loss but in the next couple of years we will see a change.

[Moonchesteri]

cheers, I've been waiting for these..

edit: does anyone know whether the club will again release annual report like last year and if so, when?

2nd edit: it's available on OS

[Yffi_88]

I'm pretty confident everyone involved knew that we'd make huge losses for the first few years. These guys are well aware of what they're doing.

Spend money to make money etc etc.

We've got thousands of new fans, all paying for shirts, merch, tickets etc. We'll get more money from sponsorships as we're a more attractive business, we're spending on the youth and academy set up which will inturn reduce the need to spend as heavily as we have done now. We'll also be shedding some of the wage bills from hughes' era i imagine which should save a few quid.

Its just like an old shitty shop, youve got to spend a bit of money 'doing it up' for anyone to spend any money inside it.

Like i say, Sheik and the gang will have known about these losses 3 years before theyve even been announced. All part of the 'project'.

[BlueinBosnia]

Looking at the downturn in transfer outlay, the getting rid of some big-wage players, and increased income from Champions' League football (which I predict to be in the region of 35 million euros, based on reaching the last 8), we're on a trend to break even, which is what we need to be. That's not even considering domestic prize money and increased crowds at games.

Our losses will be cut by something in the region of 120 million for the next financial year, I'd say.

[Surrey Sky Blue]

Speculate to accumulate ;-)

[Beefymcfc]

Not to worry.

[Moonchesteri]

expect some proper "City is ruining football" bollocks in the coming days.

I'm not worried at all.

[bobby brows]

Worth every penny

[Beefymcfc]

While seeing the need to comply with the rules, privately City are bullish too. Their 6-1 derby victory over United last month highlighted a sudden startling contrast between the Manchester club which has been pumped up by £800m owner investment, and United which, as their latest financial figures revealed this week, has now had £578m drained out by the Glazer family's 2005 debt-laden takeover.

While some clubs, most prominently Arsenal, complain that City's owner-spending is hyper-inflating wages and distorting football, City point out that they have broken no rules – so far at least – and in fact should be credited for investing fortunes in England, and in economically blighted east Manchester, at a time of economic meltdown here and in Europe.

I like the slant they've put on it, 'City put 800 mil in while the Glazer's take 600 mil out', who're the good guy's there then?

Also, a nice mention of the things we're doing locally.

[Yffi_88]

While seeing the need to comply with the rules, privately City are bullish too. Their 6-1 derby victory over United last month highlighted a sudden startling contrast between the Manchester club which has been pumped up by £800m owner investment, and United which, as their latest financial figures revealed this week, has now had £578m drained out by the Glazer family's 2005 debt-laden takeover.

While some clubs, most prominently Arsenal, complain that City's owner-spending is hyper-inflating wages and distorting football, City point out that they have broken no rules – so far at least – and in fact should be credited for investing fortunes in England, and in economically blighted east Manchester, at a time of economic meltdown here and in Europe.

I like the slant they've put on it, 'City put 800 mil in while the Glazer's take 600 mil out', who're the good guy's there then?

Also, a nice mention of the things we're doing locally.

We are fucking brilliant if i do say so myself.

[lets all have a disco]

Should have doubled the figure.

[Beefymcfc]

Just watching the Derby game (how funny was that 'Buzzer v Paddy' sketch) and hoping that it was money well spent. I'll let you know in just over an hour and 45!

Come On City!!!

[TheGOAT]

With the squad we have i dont see it as a LOSS at all ;)

[Chopper]

Let's organize a whip round. Does the club accept paypal?

[Beefymcfc]

Just watching the Derby game (how funny was that 'Buzzer v Paddy' sketch) and hoping that it was money well spent. I'll let you know in just over an hour and 45!

Come On City!!!

One nil going into the second half, bit nervous, just hope we can hang on!

[Beeks]

Rag cafe are having a mutual wankfest like it's Platinis knight in shining armour coming to save them..

[Dameerto]

Why are they so surprised? They've been banging on for long enough about us spending so much money. It's not like it's some major revalation.

[Yffi_88]

Rag cafe are having a mutual wankfest like it's Platinis knight in shining armour coming to save them..

Someone should show them the post (it's on here somewhere but I'm on iPhone and can't be arsed looking) which shows the Sheiks investment compared to the 600million the Glazers have taken out of their club.

[failsworthblue]

Predicted by our Owner along with winning a trophy within the first five years.

Really hope the press make a big deal of this and then eat humble pie again next year.

We are on track and nothing is going to stop us.

Move along please!