Man City made a £10m profit last year, but as their total investment in Man City is approaching £1b, they're obviously not going to get it back in ten years. In fact, they're never going to get it back unless they sell the club.
They are two different things. And I'm not the one confusing them. I've repeatedly said the club has made a profit the last two years, and you've taken that as me meaning the owners have made a profit on their investment.
Where did you see the figure 1bn? From my understanding (and the post I quoted on the previous page) the owners have only invested about 600m of their own money in the club, of which they've already made a chunk back from a sale of a percentage of the club?
They'd spend £930m in the first four years... Between 2008, when Abu-Dhabi-based oil magnate Sheikh Mansour bin Zayed Al-Nahyan bought them, and the end of last season, the club’s total cash outlay was £930.4m, of which only £365.3m was generated from their own operations. The remainder – £565.1m – had to be supplied by Mansour, the club’s billionaire benefactor. That figure will have risen significantly over the course of the current season, although the exact final cost of winning the league will only be known when the next accounts are published in 2013. http://www.telegraph.co.uk/sport/fo...lub-into-Premier-League-title-contenders.html It increased further after that and though as you rightly say, they've recovered £265m selling a 13% stake, they've still got no chance of recovering their investment through trading profits alone.
Whatever. The fact remains that he hasn't a prayer of getting his money back from the profits the club is generating. FACT.
Seems to me you both need to watch your terminology; try sticking to profit and return on investment, as profit on investment confuses the issue.
What, like BHS bumbled along like for many years, or countless other businesses? The key is their gearing and ability to service the debt; although they cannot be used in isolation.
Lol that's an amusing way to admit to being wrong. He does have a pretty decent chance of getting his money back considering 150m already from the sale of a share in the club, and the profits City are now generating, not to mention the rest of the group around the world.
Back in Hull to hear that it is an American group linked to banking that is interested in buying City- Chinese not in the running apparently.
This would tie in with the alleged meeting at Cottingham Golf Club last week in which the club pro had let it slip that a deal had been done. The snooker club has nowt on this west Hull village underworld scene.
The Chinese had been offered the club for £100million but decided that they didn't want to pay Wun Tun.
So we have these High Flying Yankee Bankers meeting at Cottingham Golf Club in a highly confidential meeting and they decide to invite the club professional in on the talks ? Karl 'I know Terry D' Worby ?
That's what I was told as they decided to smack a few balls around either before or afterwards and let some of the detail slip to him.
