Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 28, 2021 13:21:07 GMT
Thats what the 82'ers lost last season.
£38 million.
In a single season.
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gasprom
Joined: January 2016
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Post by gasprom on Dec 28, 2021 14:11:25 GMT
If that gets you 18th, how much would Europe in 5 years set you back?
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Deleted
Joined: January 1970
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Post by Deleted on Dec 28, 2021 14:31:07 GMT
I think it's meant be the return on investment, from Premier League money.
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Post by lostinspace on Dec 28, 2021 16:34:26 GMT
The difference bring is that " his" investment is probably funded from his business and doubt very much he actually notices the deficit in his personal nat West account
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Post by Nobbygas on Dec 28, 2021 16:45:00 GMT
The difference bring is that " his" investment is probably funded from his business and doubt very much he actually notices the deficit in his personal nat West account He's worth something like 1.5 billion? The yearly interest on that alone is probably worth 70 or 80 million. 38 million wouldn't worry him. |
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knowall
Joined: August 2019
Posts: 162
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Post by knowall on Dec 28, 2021 16:57:56 GMT
There really is no competition - why do we think there is?
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syg
Joined: June 2014
Posts: 1,011
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Post by syg on Dec 28, 2021 17:06:38 GMT
. I'm not certain on this but I think EFL rules state that if lose a figure of more than 30 something million in 3 years you have broken the fin fair play and will invoke a derby County style points deduction? Thus they will have to make a profit that more or less offsets their loss in the previous season? If that's the case they are up the thingy without a thingy, large scale selling on the way with no money to spend and then a relegation. |
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Post by Nobbygas on Dec 28, 2021 17:27:33 GMT
. I'm not certain on this but I think EFL rules state that if lose a figure of more than 30 something million in 3 years you have broken the fin fair play and will invoke a derby County style points deduction? Thus they will have to make a profit that more or less offsets their loss in the previous season? If that's the case they are up the thingy without a thingy, large scale selling on the way with no money to spend and then a relegation. The fair play rules mean nothing. How do you think PSG can afford the players they got when their attendance is about 45,000?
Derby are knackered as they didn't pay their taxes.
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syg
Joined: June 2014
Posts: 1,011
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Post by syg on Dec 28, 2021 17:37:43 GMT
. I'm not certain on this but I think EFL rules state that if lose a figure of more than 30 something million in 3 years you have broken the fin fair play and will invoke a derby County style points deduction? Thus they will have to make a profit that more or less offsets their loss in the previous season? If that's the case they are up the thingy without a thingy, large scale selling on the way with no money to spend and then a relegation. The fair play rules mean nothing. How do you think PSG can afford the players they got when their attendance is about 45,000?
Derby are knackered as they didn't pay their taxes.
PSG aren't in the EFL. |
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Post by baselswh on Dec 28, 2021 17:44:35 GMT
There really is no competition - why do we think there is? Financially maybe,but in the scenario we get back to the 2nd tier and City are still there ,then they is "competition ". |
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JeffNZ
Administrator
Jimmy Morgan
Joined: May 2014
Posts: 2,468
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Post by JeffNZ on Dec 28, 2021 18:11:48 GMT
From the EvilPost:
"City's net liabilities stand at £19.1m, compared to net assets of £5.1m the previous year."
In any other business that equals bankruptcy but here comes the knight in not so shining armour...
"We remain ever thankful for the support of the Lansdown family, particularly as we feel the financial effects of COVID" -Richard Gould (their CEO)
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Post by lostinspace on Dec 28, 2021 18:15:44 GMT
From the EvilPost: "City's net liabilities stand at £19.1m, compared to net assets of £5.1m the previous year." In any other business that equals bankruptcy but here comes the knight in not so shining armour... "We remain ever thankful for the support of the Lansdown family, particularly as we feel the financial effects of COVID" -Richard Gould (their CEO) just makes me vomit.... |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Dec 28, 2021 20:06:21 GMT
From the EvilPost: "City's net liabilities stand at £19.1m, compared to net assets of £5.1m the previous year." In any other business that equals bankruptcy but here comes the knight in not so shining armour... "We remain ever thankful for the support of the Lansdown family, particularly as we feel the financial effects of COVID" -Richard Gould (their CEO) just makes me vomit.... Well, we laughed as they tumbled and then as they went bust but it seems that he who laughs last, laughs longest. I doubt we will see a real derby game unless Mr Lansdown decides to either sell up or lose interest but, in reality, all it will take is the one good season and those figures will mean nothing |
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Post by lostinspace on Dec 28, 2021 20:23:14 GMT
Well, we laughed as they tumbled and then as they went bust but it seems that he who laughs last, laughs longest. I doubt we will see a real derby game unless Mr Lansdown decides to either sell up or lose interest but, in reality, all it will take is the one good season and those figures will mean nothing one promotion...and then with 3 years of parachute payments...take the lot and run...all square |
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Post by The Concept on Dec 28, 2021 22:55:52 GMT
Will be interesting to hear the accounts from Bristol Bears and other sections of Bristol Sport.
It may well be an advantage in having a franchise and being able to cross-market your products, but in situations like this pandemic it is only going to make the overall losses multiply.
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syg
Joined: June 2014
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Post by syg on Dec 28, 2021 23:22:10 GMT
City have lost an average of £412,000 a month for the last 10 years!!
I should be delighted, but I'm strangely not, I think the figs are so vast I cant get my head around it.
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Post by swissgas on Dec 29, 2021 0:01:18 GMT
City have lost an average of £412,000 a month for the last 10 years!! I should be delighted, but I'm strangely not, I think the figs are so vast I cant get my head around it. Rovers have lost an average of about £250,000 a month for the last 5 years. |
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Post by Bath Gas on Dec 29, 2021 11:37:47 GMT
City have lost an average of £412,000 a month for the last 10 years!! I should be delighted, but I'm strangely not, I think the figs are so vast I cant get my head around it. The figure quoted by Kieren Macguire was a loss of £412,000 a week, every week, for the last 10 years. |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Dec 29, 2021 12:23:24 GMT
City have lost an average of £412,000 a month for the last 10 years!! I should be delighted, but I'm strangely not, I think the figs are so vast I cant get my head around it. The figure quoted by Kieren Macguire was a loss of £412,000 a week, every week, for the last 10 years. Can i ask, where do these people get these figures from please ? I know SL has very deep pockets but i would be surprised if even he would be prepared to go that far. That is incredible and its not like they get small crowds, for championship level. I am stunned when it broken down into losses per week, like this |
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Post by Bath Gas on Dec 29, 2021 13:24:37 GMT
The figure quoted by Kieren Macguire was a loss of £412,000 a week, every week, for the last 10 years. Can i ask, where do these people get these figures from please ? I know SL has very deep pockets but i would be surprised if even he would be prepared to go that far. That is incredible and its not like they get small crowds, for championship level. I am stunned when it broken down into losses per week, like this This came from Kieran Maguire ("Price of Football" on Twitter, has also written a book of the same name). A qualified accountant, he specialises in football finance and is a lecturer at Liverpool University. His analysis of football clubs' finances is widely accepted as being pretty accurate. I like him as he breaks the information down into layman's terms, and illustrates with easy to read graphs - perfect for a non-finance person like me! |
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