- Joined
- Dec 24, 2018
- Messages
- 125
OK, how about adding back the £80-100m a year in costs that they hive up to the holding company? No other sporting organisation in the world apportions costs the way City does, and it is done solely to artificially make City satisfy FFP.Knock off £2.1bn for your £150m a year even since 2008 and it’s still lucrative.. we might have invested big but the value and quality of the squad today absolutely represents that. What’s your excuse?
Still not there? How about all the shady off-balance sheet stuff they do, such as selling worthless image rights to connected parties or the tourism ambassadorships they give out in lieu of salary? We don't know how much much is involved, because we only find out when it leaks, but I am willing to bet that there is much much more that has not coming out.
You keep talking about the value of City increasing, but my point is that is based on Abu Dhabi artificially raising revenue, lowering costs and also doing dodgy/illegal stuff off-balance sheet. Without all that support, City would be massively loss-making and either go into insolvency or be worth about the same as Leeds (circa £200m).