Pep the Muppet and Other Citeh Shit

http://www.bbc.co.uk/news/business-15795584

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Manchester City has reported an annual loss of £194.9m for 2010-11, the biggest in English football history.

But the loss does not include the club's huge sponsorship deal with Etihad Airlines, worth a reported £35m a year, or revenues from this season's Champions League campaign.

Uefa's Financial Fair Play rules, which come into force in 2013-14, say clubs must break even over three years.

But the latest figures fall outside the accounting window for that.

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In brief, they can do what the hell they like :rolleyes:

Chelsea have been doing it for years.

:shrug:

It would be nice if genuine issues like this were focused on rather than fake outrage at poppy-haters and stupid old men.

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Originally Posted by Master Splinter

Chelsea have been doing it for years.

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Aye, true.

And before them Leeds did...but they forgot to get the billionaire sugar daddy in first and damn near went bust.

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Originally Posted by Letters (TPFKA WWTL@WHL)

http://www.bbc.co.uk/news/business-15795584



In brief, they can do what the hell they like :rolleyes:

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Who could have known it would be like this?

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Originally Posted by Letters (TPFKA WWTL@WHL)

Aye, true.

And before them Leeds did...but they forgot to get the billionaire sugar daddy in first and damn near went bust.

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That's not what happened at Leeds though.

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Originally Posted by Flavs

That's not what happened at Leeds though.

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Well it sort of is. They spent big assuming they'd get into the CL and the money would pay for it. But they didn't qualify.
So the next season they went double or quits, spent beyond their means again hoping the CL money would pay for it and they failed to qualify again.

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Originally Posted by Letters (TPFKA WWTL@WHL)

Well it sort of is. They spent big assuming they'd get into the CL and the money would pay for it. But they didn't qualify.
So the next season they went double or quits, spent beyond their means again hoping the CL money would pay for it and they failed to qualify again.

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but everyone at Citeh knows what they are doing and how they are doing it at Leeds Risdale was telling everyone they were quids in and had X amount of money that could be spent when in fact none of it was true.

its beyond a joke that a football club can be paying players 20million more then they turnover. how is something not being done to them?

Apparently they're on course to break even in time for FFP as well, due to the bogus stadium sponsorship and expected CL income.

Football. :haha:

Awful sport.

They'll probably catch up with the stadium sponsorship the way they are going. It won't be long before Mansour makes it to £1 billion spent. :wacko: