Erm, no the wages bill has been coming down, Manchester City do not have to pay ridiculous wages to attract the best players anymore. All the best players want to play for Man City, not United, not Chelsea or Arsenal.
The £600m that has gone on the Glazers debt has seen us win a hell of a lot more trophies than the £600m that you guys have spent on players thus far.
You have a hell of a side right now but you've also wasted a shed-load of cash on players too.
I dont begrudge you the title this season on the basis that you are the best side though, regardless of money spent.
Fair point, obviously it wasn't going to win us trophies consistently straight away. Especially from where we started off. But it has built us a team that will win them and the other developments will hopefully keep us here.
We were always going to waste a good chunk of money signing players who wouldn't necessarily pick City and also clubs knowing back then they could charge pretty much what they wanted.
The rate payer's of Manchester may argue that the money could have been better spent elsewhere.
What the chuff has it got to do with the rate payers? It's not their money, you make it sound like they have some sort of right to it or a say on where it should be spent.
What the chuff has it got to do with the rate payers? It's not their money, you make it sound like they have some sort of right to it or a say on where it should be spent.
Who paid for the stadium? It was part funded by Manchester City council. Where do they get their revenue from? Tax payers. Like the same ones who paid for the Olympic stadium that West Ham want to rent.
Who paid for the stadium? It was part funded by Manchester City council. Where do they get their revenue from? Tax payers. Like the same ones who paid for the Olympic stadium that West Ham want to rent.
That's what the chuff it has to do with them.
But we were discussing the amount of money spent since the takeover, no relevance to the stadium.
Yep and it's still less than United money that has gone to pay Glazers debt.
One has been transformed into a world class team.
The other was sliding the other way, although I still reckon you'll be able to buy quality in the summer to come back next year.
Yet Manchester United make a profit, when are City planning on making a profit? Especially considering they had to fiddle their accounts just to make a £50m loss.
Who paid for the stadium? It was part funded by Manchester City council. Where do they get their revenue from? Tax payers. Like the same ones who paid for the Olympic stadium that West Ham want to rent.
That's what the chuff it has to do with them.
Both party's freely negotiated and agreed the deal such that they both gained something from it. If you don't like it then, as a Manchester council tax payer, your issue is with Manchester City Council rather than Manchester City Football Club.
Im really confused here. I assume both City and West Ham are paying rent to the council for their repspective and prospective stadiums? Stadiums that already exist and would be potential white elephants were these clubs not doing so? Surely this is good business to generate long-term rental income for them, as opposed to what seems to happen to a number of World Cup stadiums around the world that fall into disrepair pretty quickly.
Im really confused here. I assume both City and West Ham are paying rent to the council for their repspective and prospective stadiums? Stadiums that already exist and would be potential white elephants were these clubs not doing so? Surely this is good business to generate long-term rental income for them, as opposed to what seems to happen to a number of World Cup stadiums around the world that fall into disrepair pretty quickly.
Dont see the issue myself.
Totally agree. Without Man City their stadium would be sitting there costing the council millions a year without any steady income.
Im really confused here. I assume both City and West Ham are paying rent to the council for their repspective and prospective stadiums?
Yes they do. City pay £4m a year to the council. With that they get the naming rights. It is also worth mentioning that as part of the deal, City gave the council Maine Road in exchange for the costs incurred by the council in converting it from athletics stadium to a football stadium.
Yes they do. City pay £4m a year to the council. With that they get the naming rights. It is also worth mentioning that as part of the deal, City gave the council Maine Road in exchange for the costs incurred by the council in converting it from athletics stadium to a football stadium.
Dave
Hope the council are generous and the tax payers see some of that!
Hope the council are generous and the tax payers see some of that!
Again that's an issue people need to have with the council. As long as Manchester City Football Club pay the rent they have agreed to pay, then they have done all that is expected of them.
Man City do not have a model where they are going to get a return on their investment though do they? Chelsea have been doing it a lot longer and still have no return and are still making huge losses.
Even on 40.000 gates, Chelsea would be turning a profit by now if they weren't still pissing huge sums of money up the wall!
Nevermind the past when they spent 30 million on a shot Sheva, and then 50 on a declining Torres. Today, we have signed another player and sent him out on loan, bringing our loan total to an astonishing 25 players.
On top of that, we've spent more money than any club in world football on youth development, but they never give any of them a decent chance to break through.
It's strange how the smart, successful people who run our top clubs are prepared to waste money like this in a way they'd never dream of doing outside of football.
Still, i'd rather us have a rich man waste shedloads than go back to being stone broke.
Comments
So the wage bill is coming down is it?:D
http://www.mirror.co.uk/sport/football/news/manchester-city-accounts-club-spent-3090302#.UulBKbQ_Vz8
Financial Fair Play my arse.
No doubt someone will be telling me that next that greed is good and that the training complex/facilities/youth development is superb!
I'm sure my relatives will be happy in the knowledge that their council tax money has been well spent funding this project.
Yep and it's still less than United money that has gone to pay Glazers debt.
One has been transformed into a world class team.
The other was sliding the other way, although I still reckon you'll be able to buy quality in the summer to come back next year.
The £600m that has gone on the Glazers debt has seen us win a hell of a lot more trophies than the £600m that you guys have spent on players thus far.
You have a hell of a side right now but you've also wasted a shed-load of cash on players too.
I dont begrudge you the title this season on the basis that you are the best side though, regardless of money spent.
Fair point, obviously it wasn't going to win us trophies consistently straight away. Especially from where we started off. But it has built us a team that will win them and the other developments will hopefully keep us here.
We were always going to waste a good chunk of money signing players who wouldn't necessarily pick City and also clubs knowing back then they could charge pretty much what they wanted.
Oh that's all fine and dandy then.
The rate payer's of Manchester may argue that the money could have been better spent elsewhere.
What the chuff has it got to do with the rate payers? It's not their money, you make it sound like they have some sort of right to it or a say on where it should be spent.
Who paid for the stadium? It was part funded by Manchester City council. Where do they get their revenue from? Tax payers. Like the same ones who paid for the Olympic stadium that West Ham want to rent.
That's what the chuff it has to do with them.
But we were discussing the amount of money spent since the takeover, no relevance to the stadium.
Creative.
They did something very similar last year as well. FFP doesn't allow stuff like that.
Yet Manchester United make a profit, when are City planning on making a profit? Especially considering they had to fiddle their accounts just to make a £50m loss.
Both party's freely negotiated and agreed the deal such that they both gained something from it. If you don't like it then, as a Manchester council tax payer, your issue is with Manchester City Council rather than Manchester City Football Club.
Dave
I assume you are going to report it then?
Dave
I don't need to report it, i'm sure UEFA have noticed it.
Dont see the issue myself.
I am not talking about to UEFA.
Dave
Totally agree. Without Man City their stadium would be sitting there costing the council millions a year without any steady income.
Yes they do. City pay £4m a year to the council. With that they get the naming rights. It is also worth mentioning that as part of the deal, City gave the council Maine Road in exchange for the costs incurred by the council in converting it from athletics stadium to a football stadium.
Dave
Hope the council are generous and the tax payers see some of that!
Again that's an issue people need to have with the council. As long as Manchester City Football Club pay the rent they have agreed to pay, then they have done all that is expected of them.
Dave
Who else would I report it to when I was talking about FFP?
'Creative accounting' more like. ;-)
Even on 40.000 gates, Chelsea would be turning a profit by now if they weren't still pissing huge sums of money up the wall!
Nevermind the past when they spent 30 million on a shot Sheva, and then 50 on a declining Torres. Today, we have signed another player and sent him out on loan, bringing our loan total to an astonishing 25 players.
On top of that, we've spent more money than any club in world football on youth development, but they never give any of them a decent chance to break through.
It's strange how the smart, successful people who run our top clubs are prepared to waste money like this in a way they'd never dream of doing outside of football.
Still, i'd rather us have a rich man waste shedloads than go back to being stone broke.