Bad news for the "Small Club" - Manchester City post massive loss

[StefanWolves]

United have more debt than City. Fact.

[United-Clowgon]

United have more debt than City. Fact.

This is thread is about City and City ONLY. Do us all a favor, quit trolling for once.

I won't be responding to any futher comments you make in this thread ok thankzzzzzzz bi.

[lBlue]

It's actually a very good day for the "Small Club".

Although we've made an (expected) loss of money our owner has written it off by turning the loans into equity (effectively, all the players brought are gifts from the owner himself).

The loans have been cancelled in return for shares (being worth however much someone is willing to pay for them).

So we're actually in a much better off situation compared to Chelsea where Abro isn't writing the loans off into shares, he's keeping them thus enforcing Chelsea to repay him however much he's invested.

The key word here is invested. Our owner is no muppet who enrols upon an investment without researching it. Everyone and I mean everyone with a clue would of expected this loss at first.

Oh and inheritance money? I think not, quite the insult actually.

Sheikh Mansour is a very wealthy man, like most seriously wealthy men he is very intelligent. He doesn't do the investing, he hires a team of financial investors who all research different specialist areas and investments.

A prime example of the Sheikhs intelligence is the shares he purchased in Barclays when it was adventuring on a humiliating slump, many British journalists laughed at the man for investing billions into shares which were in decline. This was the end product; CLICK HERE

The only club who are having a bad day are actually the ones from Stretford, whom you and many others laughing in this thread claim to support. It's a shame the only respectable Manchester United fan is banned here, he'd of told you today is not a day to laugh at Manchester City. Actually it's a day to feat them. Shall I explain?

OK, here we go. Bare with me, it may be a challenge for some of you to understand however I'm sure a few of you will be able to grasp it.

In the short time the Sheikh has been at Manchester City he's invested over £300,000,000 and written them off as shares, the players he purchased are gifts to the club and the people.

Now the Glazers, since they bought United in their bitterly contested takeover, have given the club not one penny to spend. Quite the opposite; their ownership has drained the club of huge sums of money. In only three years up to 30 June 2008, the closing date of their most recent published accounts, United became liable to pay a staggering £263m in interest alone. Despite that, the capital lump sum which United owe to banks and hedge funds has actually snowballed by £159m, from £540m in 2005, to £699m in 2008.

That increase is accounted for partly by the very high interest charged on the £275m the Glazers borrowed from three hedge funds to buy United. When the entire debt was refinanced only 15 months later in August 2006, the hedge fund debt had risen by £79.1m, which included £13.2m for "early redemption". The refinancing paid that off, leaving United with £525m owed to banks and £138m owed to hedge funds. An estimated £29m was paid in professional fees then, principally to bankers, lawyers and accountants. Reports that the Glazers have appointed two banks,JP Morgan and Deutsche Bank, to seek refinancing again with bank bonds should be understood in that context: huge fees will be charged, there are likely to be early repayment premiums again on the £175m hedge fund debt United now owe, and the refinancing is likely to increase the total debt owed.

The debt is accumulating interest at 14.25% (for you who are still reading, I'm expecting Clowgon will be mastering his "LOL Y DO A BIG POST I AINT GONA READ IT" response again, I'd be laughing at this huge interest rate... unless you're a United fan of course).

After United lost the Champions League final in May, Ferguson might have been expected to substantially strengthen his squad, but instead, Cristiano Ronaldo was sold to Real Madrid for £81m, and the manager signed only Antonio Valencia, for £17.5m from Wigan, Michael Owen, on a free transfer, and Gabriel Obertan, for £3m from Bordeaux. Whatever their protestations that money remains available, United's weakening through injury, occasional underperformance and Ferguson's dismissive approach to buying players means United are simply not carrying themselves as proud, cash-rich, Premier League champions with the Ronaldo money still in the bank. Time is surely running out for the argument that the debts – now, with interest, certainly more than £700m, vastly more than any other English club – are not financially constraining.

With a United squad looking suddenly threadbare, and a vintage manager due for retirement himself before too long I'd be very worried if I was a fan wearing the reds shirt.

Who could of thought it eh? Before the Glazers arrived in 2005, nobody could have foreseen this bizarre reversal in Manchester. United, then the world's richest club, are lurching into the new decade with punishing debts, while City, of all clubs, are being roundly criticised after the sacking of their manager for being too ruthless, driven and improbably rich.


Happy New Year Clowgon, may it be a very sour one for 'your' club.

[luce]

He won't care because the loss is due to buying players... If they cared, i'm pretty sure they wouldnt of bought the players.

he bought them to win trophies so if that doesn't happen then he will care.

United have more debt than City. Fact.

United win more then city. Fact.


@lBue you can't argue what you said it's obvious you know more then Clowgon or whatever about your team and yes as a united fan i am worried that after selling ronaldo he showed a very dismissive attitude to buying in big players and it does get frustrating when people are showing interest in rooney and vidic and whoever else that we aren't in the headlines for wanting some big players to come and play for us.

and like i said before it was obvious you were going to have debt so i don't see how anyone can be surprised at this. However i didn't expect it to be that much but i haven't really been following citys financial affairs

[StefanWolves]

This is thread is about City and City ONLY. Do us all a favor, quit trolling for once.

I won't be responding to any futher comments you make in this thread ok thankzzzzzzz bi.

I love how you can't take it when people provide you with pure facts.

he bought them to win trophies so if that doesn't happen then he will care.



United win more then city. Fact.


@lBue you can't argue what you said it's obvious you know more then Clowgon or whatever about your team and yes as a united fan i am worried that after selling ronaldo he showed a very dismissive attitude to buying in big players and it does get frustrating when people are showing interest in rooney and vidic and whoever else that we aren't in the headlines for wanting some big players to come and play for us.

and like i said before it was obvious you were going to have debt so i don't see how anyone can be surprised at this. However i didn't expect it to be that much but i haven't really been following citys financial affairs

Liverpool have won more than United, United will NEVER be what Liverpool was. Fact.

[Jack.Lfc]

Liverpool have won more than United, United will NEVER be what Liverpool was. Fact.

:eusa_clap:eusa_clap:eusa_clap:eusa_clap

This thread is about city though

[StefanWolves]

Who gives a ****. Pure facts don't lie. I don't care if United have/will win more than United, Liverpool will always, in my eyes, have a greater history than United, and for that reason will always be a bigger club. *REMOVED*

Edited by invincible (Forum Super Moderator): Please don't be rude to other forum members.

[lBlue]

This thread has been dominated by pure fact since Clowgon has gone offline, luvly.

[Jack.Lfc]

Football is all about money now.

[StefanWolves]

All clubs are in debt anyway, who gives a **** if City are in debt, because truly they aren't. If their owners wanted to rite the debt off they could with their pocket change.