Are player sales part of "operations"? It wasn't obvious to me if they were or not.
Only those having surgery...
Are player sales part of "operations"? It wasn't obvious to me if they were or not.
*insert comment about ENIC and real-estate here*I might be alone, but I find the investment in infrastructure from us compared to others fascinating. I know the stadium will be a huge part of this cost, but it looks like building a legacy from the foundations up to me and I think it's overlooked by some.
Those that have made a 'profit' will pay taxes.Does anyone know why only some clubs appear to have tax expenditure?
Does anyone know why only some clubs appear to have tax expenditure?
Haven't you been on here since the transfer window opened? WE'RE DOING IT ALL WORNG!!!The main interest I take from those various figures are that it's an illustration as to how (to varying degrees) poorly a lot of the lower clubs are run and that once again we see evidence of how conditioned, whether it be fans/media/players/coaches/owners, football is to quick fixes and just throwing money about in order to make a smidgen of difference in that next season. It's all built largely on sand.
Look at numerous clubs there with next to no investment in infrastructure (ok, some like Sunderland/Stoke had new stadiums around the late 90's just before these figures measure, but still no investment since......) and growing 'the club' and how it is set up and trying to embed anything that they can benefit from in the longer term.
And then, to pick on Sunderland and Stoke again, you get the truly disastrously run clubs who repeatedly spend these crazy amounts on players with no resale or residual value, and then wonder why they run into problems, owners get bored and bail out etc, and relegation then deservedly comes along........
Then, despite all the stick over the years, you see the one team that from those figures/colours obviously bucks the trend and has done things quite differently, had a plan and stuck to it and thought long term, and at times maybe even been cautious in what it has done, is the one that has managed to break into the upper echelons alongside the money clubs and stay there over repeated seasons now. Funny that.......
Man city nearly a billion on players. NET. 10 x what we have spent. let that sink in.
The refinancing will either not happen until the housing and hotel have been built and sold, or, if it is advantageous, it will happen once when the stadium is completed and then again after the whole NDP has been completed. The plan relies upon profits from the housing reducing the long term debt.I think the latest was that we had increased our limit on the revolving credit facility to £400m. I don't think we'll have a complete picture on the cost until a year's time when everything has been re-financed with long-term debt. I could be wrong though.