The secret ingredient is cheating
Press x to doubt
I agree with this
Like your parents buying you a Ferrari, selling it a week later and calling yourself an entrapreneur.
It takes money to make money, I guess.
Is this including the dodgy books or without?
Just businessmen doing business. Nothing odd to see here at all.
10% margin is not bad.
Most supermarkets hit 3% margin. Amazon hit 1% margin.
I still think the primary intent of these fuel states when they buy clubs is actually to just make money and diversify their assets a bit, the sportswashing thing is really overblown in my opinion.
If cleaning their image was all they cared about they’d be buying the biggest clubs in the world and not buying ‘cheap’ clubs like Man City and Newcastle and turning them into profitable machines (too early to say with Newcastle but that’s the route they’re heading at the moment)
Lol… As if 80 million profit is going to diversify a multi billion oil based economy.
How much did they pay you for this viewpoint?
Their main intent was to get in on the property market in the UK. They used their purchase of Man City as an in to start buying up loads of land in Manchester on the cheap to develop. It’s also why Neville is such a big fan of them, because they fund some of his projects.
In 5 to 10 years you’ll see Newcastle have loads of new buildings built by the Saudi’s.
They do not care about their image lmao they have outright said that they don’t and it’s a business and hobby interest.
It’s an asset to them not some sort of imaginary vehicle for a perception they’ve said is meaningless to them.
Yup seems obvious to me but I’m sitting here on like -100 for giving my opinion and reasoning, pretty funny
technically they’re also investing this profit back into the club by using it for their lawyers’ retainers
🤮
Made all that turnover but only £80m profit.
That’s a good amount of profit for a football club. It’s about double what Bayern made in the same timeframe
Hmmmmm. Interesting comparison with Bayern. Nothing to see here folks, move along!
I think you need to have a look at Bayern’s sponsors and who owns half the club 🤦♂️
They had to pay a lot in bonuses for all the titles they won
Plus all the people they’ve paid off.
Oh shut up you little weasel
Mate, double digit % net margin is bloody good, no matter what industry you’re in.
For a football club that’s amazing
Weekly City hate thread, everybody get in here
FFPEEEEEEEE
🤣 how obvious does corruption NEED to look!
Look forward to seeing Newcastle’s after their “highly competitive process” to find a shirt sponsor.
B.S.
Well, when you have more sponsors than supporters…
Why does everyone moan, I want more corruption and dodgy news get all the best players what’s the big deal not your money is it ? If your club goes down you can still watch football I don’t get the moaning who cares what they spend. Man United spend 100s mills and Chelsea and their shit lol
Might as well start giving players knives and guns and allow them to kill the opposing team’s players too since the rules don’t matter anymore.