Annual Report 2011/12

[AG7]

- Record annual revenues break £200m threshold for first time in Club’s history (£231.1 million)
- Annual losses more than halved from previous reporting period (£97.9 million - down from £197.5m in previous year)

OS Link: http://www.mcfc.co.uk/News/Club-news/20 ... rt-2011-12

Manchester City has today released its Annual Report for the 2011-12 season. The comprehensive document, which details the achievements across all sections of the Club over the past season, also includes the full financial record for the 2011-12 year.

The annual report is accompanied for the first time by an “At a glance” supplement, designed to give fans and the broader public a concise and visual guide to the Club’s progress in the same reporting period.

This year’s report demonstrates the tangible and positive impact of four years of strategic investment in all operations since the acquisition of the Club by Sheikh Mansour bin Zayed in September 2008.

In the report, Chairman Khaldoon Al Mubarak recognises the historic on field achievements of 2011-12 and the impact on the Club at home and overseas.

He also emphasizes, following the securing of planning permission, the importance of the City Football Academy (CFA) project to the future of the Club and the community in which it resides, calling it “the most significant current initiative to secure the long-term sustainability of the Club’s football operations.”

The report reveals that the Club has more than halved its losses, reporting a net loss of £97.9m, down from £197.5m in the previous period.

Furthermore, the report highlights that annual turnover has broken the £200m threshold for the first time in the Club’s history with the Club achieving annual revenues of £231.1m in 2011-12.

The capital base of the Club has also been strengthened through the issuing of £169m in new equity during the year, avoiding debt based funding and continuing to ensure that the Club is virtually debt free.

Chief Executive Officer Ferran Soriano comments on the very encouraging results and gives his impressions of the Club he joined in September this year, saying “What I have found is a Club on the verge of a historic transformation, reinforced by a genuine commitment to doing things well. It is a Club with a rich history and the potential for an even brighter future.”

He further points out that alongside significant investment in the playing squad, the Club continues to focus on revenue growth.

Whilst the 2011-12 financial results represent a further step towards achieving the Club’s objective of long-term sustainability both on and off the field, the application of UEFA allowable reliefs for certain categories of expenditure and investment in 2011-12, position the Club well for compliance with UEFA’s Financial Fair Play regulations which come into effect in season 2013-14.

To download 2011-12 Annual Report: http://www.mcfc.co.uk/~/media/Files/Ann ... 0FINAL.pdf
To download 2011-12 At a Glance Supplement: http://www.mcfc.co.uk/~/media/Files/Ann ... 0FINAL.pdf

[Original Dub]

Sweet

[Chinners]

Sweet indeed ... and it caught me out as I was expecting it next month.

[Green & Blue]

That's very impressive how much our revenue has increased.
Our reports over the past 3 years have seen the revenue increase at an almighty rate.It has actually almost doubled.It will surely rocket again on the back of our championsip win.

09/10 - 125.1 million
10/11 - 153.2 million
11/12 - 231.1 million

[AG7]

With Kolo/Bridge/MJ/RSC contracts ending this coming summer (almost £300k per week), plus PL TV rights going up this coming year ... and assuming we will improve in CL next year, and effect of global merchandise sale post our PL Title, all point to the right direction. We should see revenues going further up next year and close to break even within next two years if not the next I guess!

[carl_feedthegoat]

All the clueless tits that harp on about not caring about the CL should have a rethink , its fundamental we do well and progress in that competition - we need the extra revenues it brings, without it we will struggle.

[Peter Doherty (AGAIG)]

Those losses don't all count towards FFP, either. Be interesting if anyone knows how much does.

[Mikhail Chigorin]

It'll be interesting to see how all the supposed 'experts' in the media interpret this set of figures.

They'll be breaking their necks to show how bad our deficit is (and to be fair, it still is a frighteningly large figure), completely ignoring the way in which our financial position has been improved since last year.

Underlying it all, they'll have the nauseating fear that we're on course to comply with FFP requirements and there'll be one less branch to hit us with.

[s1ty m]

Assuming FFP will ever be really enforced. We'll see. There is bound to be a legal challenge to it if a club is banned.

[Rag_hater]

Sorry didn't see your link till I did mine

[Swales4ever]

Yet to look in depth to FAR but, for once - on the main important issue for the Club - let me just use the ol' good:
[center]I told You so![/center]

several heated discussions till late night spring to mind... yet, I still have to find trace - in the whole history of Economics - of any venture/business stopped through accountancy rules! not even the Bell/ AT&T divestiture breakup for antitrust purpouse.

Does anyone still think than a bunch of G14 accountants can stop H.E. dr. Khaldoon Khalifa Al Mubarak, in running down a business plan worth in excess of 1 billion pounds?
MCFC is living in the real world, not in the weird tabloidsdoom.

[Michigan Blue]

I challenge anyone to read the "At A Glance" document and conclude the Sheikh's investment hasn't been a force for good in Manchester and in communities all around the globe. Or that we aren't on a sound path to sustainability. Luckily UEFA has saved the world from similar sorts of things happening at places like Aston Villa or Everton.

Well done to the club for emphasizing the affordability of tickets. Another irony of FFP being that it incentivizes clubs to gouge fans.

Very proud of the club after reading that. Further exposes the lie of Financial Fair Play and who it's really protecting.

[bobby brows]

So Revenue up to £231.1m and losses down 50% to £98m.

The club will have easily created new revenue streams as Champions + several players coming off the books/coming off the books at the end of this season.

Looks like the media will have to get some more mileage out of Gareth Barry abusing Clattenberg in the future

[Sideshow Bob]

Those losses don't all count towards FFP, either. Be interesting if anyone knows how much does.

from espn: "UEFA's Financial Fair Play rules come into effect next season but City believe they will be able to meet the guidelines because £15 million of their expenditure is attributable to infrastructure and youth development costs while £80 million comes from contracts that predate 2010, which should qualify them for some relief."

[bobby brows]

David Conn in the Guardian up first

Manchester City will present a stern test for Uefa's new financial fair play rules when they come into force for the 2014-15 season after the club announced a loss of £97.9m for the last financial year. Uefa rules allow clubs in European competitions to make a total loss of €45m between 2011 and 2013, if that loss is bankrolled by an owner. So, City's loss for 2011-12 alone is almost treble the figure allowed.

Can someone tell me how 97.9 is almost treble £45m?

http://www.guardian.co.uk/football/2012 ... -fair-play

[Lee_Kinda]

These "losses" are fuck all in the grand scheme of things......

TAQA (Abu Dhabi National Energy Company) have recently signed off a £1.5 Billion syndicated loan and have already spent £650Million this week on buying a load of BP North sea assets.....

Get the oil flowing and stick Messi on a plane!

[BmoreBlue]

David Conn in the Guardian up first

Manchester City will present a stern test for Uefa's new financial fair play rules when they come into force for the 2014-15 season after the club announced a loss of £97.9m for the last financial year. Uefa rules allow clubs in European competitions to make a total loss of €45m between 2011 and 2013, if that loss is bankrolled by an owner. So, City's loss for 2011-12 alone is almost treble the figure allowed.

Can someone tell me how 97.9 is almost treble £45m?

http://www.guardian.co.uk/football/2012 ... -fair-play

45m euros, not GBP

[Dameerto]

David Conn in the Guardian up first

Manchester City will present a stern test for Uefa's new financial fair play rules when they come into force for the 2014-15 season after the club announced a loss of £97.9m for the last financial year. Uefa rules allow clubs in European competitions to make a total loss of €45m between 2011 and 2013, if that loss is bankrolled by an owner. So, City's loss for 2011-12 alone is almost treble the figure allowed.

Can someone tell me how 97.9 is almost treble £45m?

http://www.guardian.co.uk/football/2012 ... -fair-play

45m euros, not GBP

As the man said, the 45m figure is euros mate - the journo should know better than to mix his currencies.

[AG7]

Journo knew €45m will sound bigger than £36m it is equivalent to ... our friend here got confused didn't he, so what do you expect non-city fans who won't read every word in there and just browse thru ...

Then again, UEFA figures are all in € so he probably didn't want to deviate from the official figs there ... who knows!

[Socrates]

All the clueless tits that harp on about not caring about the CL should have a rethink , its fundamental we do well and progress in that competition - we need the extra revenues it brings, without it we will struggle.

The truly clueless people are those who don't realise that QUALIFYING for it is vital but that doing well in it is merely a bonus at this stage.