Lemonade Money
Les Medley
Wenger built that club up and the stadium, and now he's taking it back down, along with Kronke syphoning off profits.
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Premier League Club Accounts
- Thread starter billyiddo
- Start date
Emirates Marketing Project’s wage bill soared by almost 25 per cent to £244 million in Pep Guardiola’s first season in charge of the club.
City announced on Wednesday that revenues had increased to a record £473.4 million for the 2016/17 campaign, a huge 21 per cent increase, which puts them only second in the Premier League when it comes to turnover. Manchester United posted record revenues of £581 million for last season.
But salaries at City saw an even bigger rise over the same 13-month accounting period to June 30, 2017, with the wage bill swelling from £197.6 million in 2015/16 to £264.1 million.
Adjusted over 12 months, that figure was £243.8 million, a 23 per cent increase on the previous year after several seasons where it had remain largely flat, but still less than rival United’s £263 million wage bill for 2016/17. Wages now account for 56 per cent of City’s turnover, up from 50 per cent the previous year.
The figures do not include the salaries of summer signings Benjamin Mendy, Kyle Walker and Danilo, who arrived after June, although City also shed a number of high earners from their wage bill in the final weeks of the transfer window, including Samir Nasri, Wilfried Bony, Joe Hart and Fernando.
City reported a profit of £1.1 million for 2016/17, down from £20.5 million the previous year, although profitability was affected by the club taking the one-off decision to extend its accounting period to 13 months in order to align City’s finances with other clubs in the City Football Group.
City’s turnover dwarfs that of Tottenham, which was £209.8 million in their accounts for 2015/16 but is expected to have risen last season, as well as Liverpool (£301 million) and Chelsea (£329.1 million). Chelsea are due to announce their latest figures next month. Arsenal have the league’s third highest turnover at £422.8 million.
City chairman Khaldoon al-Mubarak said: “We have always been clear that on-field success and financial sustainability must exist hand-in-hand. For the third consecutive year, our business is profitable and revenues continue to grow to record levels for the ninth successive season, pushing beyond £400 million and towards the £500 million mark. We also continue to operate with zero financial debt.
http://www.telegraph.co.uk/football...wage-bill-rises-25-244m-pep-guardiolas-first/
City announced on Wednesday that revenues had increased to a record £473.4 million for the 2016/17 campaign, a huge 21 per cent increase, which puts them only second in the Premier League when it comes to turnover. Manchester United posted record revenues of £581 million for last season.
But salaries at City saw an even bigger rise over the same 13-month accounting period to June 30, 2017, with the wage bill swelling from £197.6 million in 2015/16 to £264.1 million.
Adjusted over 12 months, that figure was £243.8 million, a 23 per cent increase on the previous year after several seasons where it had remain largely flat, but still less than rival United’s £263 million wage bill for 2016/17. Wages now account for 56 per cent of City’s turnover, up from 50 per cent the previous year.
The figures do not include the salaries of summer signings Benjamin Mendy, Kyle Walker and Danilo, who arrived after June, although City also shed a number of high earners from their wage bill in the final weeks of the transfer window, including Samir Nasri, Wilfried Bony, Joe Hart and Fernando.
City reported a profit of £1.1 million for 2016/17, down from £20.5 million the previous year, although profitability was affected by the club taking the one-off decision to extend its accounting period to 13 months in order to align City’s finances with other clubs in the City Football Group.
City’s turnover dwarfs that of Tottenham, which was £209.8 million in their accounts for 2015/16 but is expected to have risen last season, as well as Liverpool (£301 million) and Chelsea (£329.1 million). Chelsea are due to announce their latest figures next month. Arsenal have the league’s third highest turnover at £422.8 million.
City chairman Khaldoon al-Mubarak said: “We have always been clear that on-field success and financial sustainability must exist hand-in-hand. For the third consecutive year, our business is profitable and revenues continue to grow to record levels for the ninth successive season, pushing beyond £400 million and towards the £500 million mark. We also continue to operate with zero financial debt.
http://www.telegraph.co.uk/football...wage-bill-rises-25-244m-pep-guardiolas-first/
Lemonade Money
Les Medley
For a club with unlimited funds, they are pretty brick at winning stuff.
parklane1
Tony Galvin
Indeed, but it is not easy to win things overall. Lets face it you could say that although we have ( what many believe is the best team we have had for decades) we are " pretty brick" at winning things.
Lemonade Money
Les Medley
Well based on salary/turnover, we should be finishing 6th each year, and they should be finishing 1st, so I don't think it's comparable.Indeed, but it is not easy to win things overall. Lets face it you could say that although we have ( what many believe is the best team we have had for decades) we are " pretty brick" at winning things.
parklane1
Tony Galvin
So the game is all about how much money a club has?
bjholmem
Radek Cerny
In essence, yes. How well a club does in terms of position in the league table correlates very strongly with the size of the club's salary budget. So over time, Emirates Marketing Project will probably finish first on average, while Spurs will finish sixth on average. But, fortunately, anomalies are common here as elsewhere in the field of statistics, so us finishing above position six is not *that* unlikely.
Again, read "Soccernomics", as I've recommended in the Football Literature thread.
Lemonade Money
Les Medley
Yes, and we would have won the league by now if you'd bought more Tottenham Hotspur pyjamas.
Bedfordspurs
Mark Falco
The game is massively about how much money a team spends
People are saying that Pep is doing great with these players but forget they have an average cost of £40m upward each
And more importantly but often over looked their so rich they can right off players too like Nolito, Navas and Bony .... big money signings just checked away basically
parklane1
Tony Galvin
I am not saying any of you are wrong but its a sad state of affairs IF you really mean/believe that, and if you do then why do you bother watching/supporting and in some cases ( not saying any of you do/are) start bitching when we do not live up to what in truth ( if we/you believe that its all depends on money to be sucsesful) are no more then hopeful expectations.
The simple answer is that money isn't permanent.
If we continue to do what we're doing then the money will come - just like it did for Liverpool and United. Not Abramovic money, not oil money, but enough to be challenging in the long term.
Eventually football playthings will get boring for the mega rich and they'll sell those clubs with no interest in their futures, possibly leaving them to self-destruct in a couple of years.
parklane1
Tony Galvin
bjholmem
Radek Cerny
Supporting a football club is 100 % hopeful expectation, regardless of the club's financial muscle or stature. I enjoy seeing how our club develops, and hopefully we can pick up a trophy somewhere along the way.
As I was saying, there is correlation between money and results, but not 100 % correlation. Which means that Leicester or Tottenham Hotspur can win the league from time to time, but Manchester United, Chelsea and Emirates Marketing Project will probably win more often. I enjoy watching our club progress regardless, and following Spurs gives me a valid excuse to have a few beers with my Spurs supporting mates several times a week.
And I generally don't feel the need to bitch about football results.
Danishfurniturelover
the prettiest spice girl
For most of the mega rich it is money laundering really. They are losing several points on the pound but they are getting their money out of an unstable country and into a stable one with long held laws.
Those criminals who clean their money through betting machines in high street shops know that they will lose some of it, but they also come out with legit cash in their pockets, something some of the mega rich are also doing.
SteveAWOL
Barry Daines
This... if Guardiola does lead €iteh to the title this season, it would’ve cost Sheikh Mansour around £300million on transfer fees plus a further £500million on wages!
Bedfordspurs
Mark Falco
Said it to a mate last night
Now they have well and truly cooked the books this league will become perfection... they will just spend £150m a year sweeping up players and weakening others
Wilheldiva
Kevin Scott
I think we've pretty much peaked tbh. Its not sustainable to keep on doing the great work we have done over the past few seasons imo. very soon we will start regressing slihgtly imo as players leave for more money. and also its not even about whether we can bring in more money, there are teams whose raison detre is to simply just outspend whatever revenue teams like ours can bring in.
We don't need to go past this point for now.
A good corporate image and some level of domestic/European success will be enough to keep growing our worldwide profile. Utd and Liverpool have money to spend because millions of people worldwide identify as fans of those clubs - that's not only its own income source, but also a way of massively increasing sponsorship deals.