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Financial report http://www.mancityforum.co.uk/forum/viewtopic.php?f=5&t=12665 |
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Author: | gibbonicus_andronicus [ Wed Apr 29, 2015 2:53 pm ] |
Post subject: | Financial report |
lifted from elsewhere Quote: MANCHESTER CITY Accounts of Manchester City Limited for the year to 31 May 2014 Ownership Wholly owned by Sheikh Mansour bin Zayed Al Nahyan, via the Abu Dhabi United Group, registered in the United Arab Emirates Turnover 2nd highest, £347m (up from £271m in 2013) Gate and matchday £47m TV and broadcasting £133m Commercial activities £166m Wage bill 2nd highest, £205m (down from £233m in 2013) Wages as proportion of turnover 59% Loss before tax £23m (following £52m in 2013) Net debt £46m Interest payable £1m Highest-paid director No directors of Manchester City Limited were paid. State they’re in In sixth year since Sheikh Mansour bought then financially stricken City in August 2008 his total funding reached an extraordinary £1.152bn, including the new £200m academy. City’s income dramatically increased in a title-winning season and the loss included Uefa’s £16m deduction under financial fair play rules for the previous two years’ £151m losses. City reduced their wage bill by £28m, mostly due to 125 staff being moved into the accounts of a parent company, City Football Group, which also services Mansour’s New York City, Melbourne City and his minority stake in Yokohama Marinos. and the munichs and chavs, for reference Quote: MANCHESTER UNITED
Accounts for Manchester United Plc, for the year to 30 June 2014 Ownership Owned by the Glazer family via Red Football LLC, a company registered in the low-tax state of Nevada, US, United is now registered in the Cayman Islands tax haven and listed on the New York Stock Exchange. Turnover 1st highest, £433m (up from £363m in 2012) Gate and matchday income £108m TV and broadcasting £136m Commercial activities £189m Wage bill 1st highest, £215m (up from £181m in 2013) Wages as proportion of turnover 50% Profit before tax £41m (following £9m loss in 2012) Net debt £275m Interest and finance costs £28m Highest-paid director Not stated State they’re in United still need to manage progress following Sir Alex Ferguson’s monumental 27 years but the figures, delivered in a huge document to the New York stock exchange, show the Glazers have effectively won. Nine years after their debt-loading buyout, which has cost United around £700m in interest and fees, the club still bears £342m of the Glazers’ borrowings but the income is spectacular. The obsessive sale of sponsorships, TV and huge stadium income made United £433m, £86m more than the Premier League’s next highest-earning club, City, which has support from Abu Dhabi sponsors. CHELSEA Accounts (of the holding company, Fordstam) for the year to 30 June 2014 Ownership Wholly owned by Roman Abramovich, registered at Companies House as a Russian resident. Turnover 3rd highest, £324m (up from £260m in 2013) Broadcasting £140m Matchday £71m Commercial £114m Wage bill 3rd highest, £192m (up from £179m in 2013) Wages as proportion of turnover 59% Profit before tax £15m (following £57m loss in 2013) Net debt £1bn Interest payable £Nil Highest-paid director Unnamed, £1.425m (Ron Gourlay was the chief executive throughout the year; resigned October 2014) State they’re in Chelsea’s former chief executive for the Roman Abramovich project, Peter Kenyon, famously promised the oligarch’s splurge would stop and the club would break even by 2010. Here, four years later, they finally did it, turning a massive loss in 2013 into a profit, buoyed by an extra £34m from the new TV deal, a £30m increase in commercial sponsorships, and restraining the rise in wages to £13m. Abramovich nevertheless increased his loans by a further £57m, lifting his total funding of Chelsea to a historically astonishing £1.041bn. Chelsea then bought big and well. |
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