Accounts Released

The accounts for City have been released this morning, some interesting stuff in there. The group loan has gone down from £42m to £39.5m, however debts to others (would assume mainly the EFL) have risen by a similar amount so we are in a similar owing position year on year. Apparently received a bid recently of £8m for an academy player too…

Link: https://find-and-update.company-inf...Y3N2FkaXF6a2N4/document?format=pdf&download=0

 

So coming up to 11 years of Allam ownership City are still 39.5 million in debt to Allamhouse at a cost of 2 million per year in interest? how depressing

 

That does seem very very strange, best run club in football though…….

 

From their personal business perspective, they're probably correct.

 

So how much is a club that has 40 million debt, almost no assets, running at a loss ( 8 million but the last year has been a bit out of the ordinary ) actually worth?

 

Trying to think of something intelligent too say so I can pretend I understand it all … get back to you later

 

same here

 

.

 

dont know about you, but those tangible assets look a bit too tangible for my liking , something not right there.

 

it lost me after, Hull City Tiger(****) ltd.

 

We have debts of 40 million, most of it to the Allams
In the last year we lost 8 million ( due to covid ? )
We don't have much in the way of assets (things that could be sold for money)
There is not as much money owed to Hull City for players we sold earlier as some people thought

Not looking good

 

Where's that £8m academy player thing from? That sounds completely ridiculous.

 

Who are the Premier League quality players?

 

If we got an 8 million bid for an academy player why isn’t he in the team - if he’s that good?

 

if its brought through the academy, assuming they mean KLP? and also assume decimal point in wrong place?

 

Could also be Greaves, it was reported a few times that Newcastle were watching him last season.

 

By that quote he already is, "brought up through the academy"