Well it’s definitely not money laundering, is it?
What a well researched article.
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
User number over 20,000....ima head out
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 0 seconds ago
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
----------------------------------------------------------------------
It's the opposite of money laundering, it's money burning.
Take a piiiss poor failing business with no brand value, assetts, goodwill, earnings potential or future value whatsoever, pump ridiculous amounts of cash into it, far more than it could ever be worth, vastly outspend everyone in the universe, act like you've done something special when you win a couple of league trophies, stick their crest on the tail fins of your aeroplanes like winning a few trophies legitimises your shoddy regime, pump more cash in, rinse and repeat.
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 7 hours, 22 minutes ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 0 seconds ago
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
----------------------------------------------------------------------
It's the opposite of money laundering, it's money burning.
Take a piiiss poor failing business with no brand value, assetts, goodwill, earnings potential or future value whatsoever, pump ridiculous amounts of cash into it, far more than it could ever be worth, vastly outspend everyone in the universe, act like you've done something special when you win a couple of league trophies, stick their crest on the tail fins of your aeroplanes like winning a few trophies legitimises your shoddy regime, pump more cash in, rinse and repeat.
----------------------------------------------------------------------
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 9 hours, 50 minutes ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 0 seconds ago
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
----------------------------------------------------------------------
It's the opposite of money laundering, it's money burning.
Take a piiiss poor failing business with no brand value, assetts, goodwill, earnings potential or future value whatsoever, pump ridiculous amounts of cash into it, far more than it could ever be worth, vastly outspend everyone in the universe, act like you've done something special when you win a couple of league trophies, stick their crest on the tail fins of your aeroplanes like winning a few trophies legitimises your shoddy regime, pump more cash in, rinse and repeat.
----------------------------------------------------------------------
City is valued at 2bn, how does that fit into your rant?
Always called it out for its sports washing.
When you have about 40,000 people backing your regimes actions on social media because you bunged the club they identify with a few billion quid.
comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 36 minutes ago
Always called it out for its sports washing.
When you have about 40,000 people backing your regimes actions on social media because you bunged the club they identify with a few billion quid.
----------------------------------------------------------------------
Shameful stuff
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 1 minute ago
comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 36 minutes ago
Always called it out for its sports washing.
When you have about 40,000 people backing your regimes actions on social media because you bunged the club they identify with a few billion quid.
----------------------------------------------------------------------
Shameful stuff
----------------------------------------------------------------------
Agreed. Their club is just part of a PR machinery.
comment by Holland's big brother Europe (U1250)
posted 52 minutes ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 9 hours, 50 minutes ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 0 seconds ago
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
----------------------------------------------------------------------
It's the opposite of money laundering, it's money burning.
Take a piiiss poor failing business with no brand value, assetts, goodwill, earnings potential or future value whatsoever, pump ridiculous amounts of cash into it, far more than it could ever be worth, vastly outspend everyone in the universe, act like you've done something special when you win a couple of league trophies, stick their crest on the tail fins of your aeroplanes like winning a few trophies legitimises your shoddy regime, pump more cash in, rinse and repeat.
----------------------------------------------------------------------
City is valued at 2bn, how does that fit into your rant?
----------------------------------------------------------------------
2bn without the Sheikhs money? You sure you'd have to pay that?
They don't even own their own ground
Yes, of course you would. We’re valued at that because that is the value that shares were actually sold valuing the club at.
You can put a £500 sticker on a pan loaf, Melts, doesn't mean anyone will buy it.
It's not City's valuation, it's Deloittes.
comment by Boris 'Inky’ Gibson #TaintedTitle (U5901)
posted 2 minutes ago
It's not City's valuation, it's Deloittes.
----------------------------------------------------------------------
For Sale:
Loss making enterprise in less desirable area. Will require constant and significant investment to remain competitive. Currently operating in leased half full premises. Banned from significant revenue stream for 2 years.
£2bn or nearest offer.
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 8 minutes ago
You can put a £500 sticker on a pan loaf, Melts, doesn't mean anyone will buy it.
----------------------------------------------------------------------
Depends..
You could use a related company to buy it to offset their profits, transfer said profits to another entity and avoid tax
But someone did buy it at that price though, that’s the point.
comment by meltonblue (U10617)
posted 27 seconds ago
But someone did buy it at that price though, that’s the point.
----------------------------------------------------------------------
Oh, so the ownership of the club changed hands..? Who is the new owner?
13% of it got sold to a Chinese consortium, that’s exactly where that valuation came from.
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 18 minutes ago
comment by Boris 'Inky’ Gibson #TaintedTitle (U5901)
posted 2 minutes ago
It's not City's valuation, it's Deloittes.
----------------------------------------------------------------------
For Sale:
Loss making enterprise in less desirable area. Will require constant and significant investment to remain competitive. Currently operating in leased half full premises. Banned from significant revenue stream for 2 years.
£2bn or nearest offer.
-------------------------------------------
How would yo sell United then?
For Sale:
Enterprise in industrial area with heavy debt and dependency on overseas visitors. Will require constant and significant investment to pay wage bill. Currently operating in mortgaged, ageing premises. Haven't qualified for significant European revenue streams for 2 years.
comment by Boris 'Inky’ Gibson #TaintedTitle (U5901)
posted 1 minute ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 18 minutes ago
comment by Boris 'Inky’ Gibson #TaintedTitle (U5901)
posted 2 minutes ago
It's not City's valuation, it's Deloittes.
----------------------------------------------------------------------
For Sale:
Loss making enterprise in less desirable area. Will require constant and significant investment to remain competitive. Currently operating in leased half full premises. Banned from significant revenue stream for 2 years.
£2bn or nearest offer.
-------------------------------------------
How would yo sell United then?
For Sale:
Enterprise in industrial area with heavy debt and dependency on overseas visitors. Will require constant and significant investment to pay wage bill. Currently operating in mortgaged, ageing premises. Haven't qualified for significant European revenue streams for 2 years.
----------------------------------------------------------------------
Nah, I'd go:
For Sale:
Manchester United.
comment by meltonblue (U10617)
posted 1 minute ago
13% of it got sold to a Chinese consortium, that’s exactly where that valuation came from.
----------------------------------------------------------------------
Oh I see.. so based on 13% of the entity that was sold during a very good year for Man City it will reflect the value of that as well as the remainder of the 87% forever?
Don’t be so facking daft.. if Arkwright duped people into blpaying over the odds for ginger cake it doesn’t make him a millionaire.
Yes of course, that was the value of the share price, what else do you think valuations are based on?!
Our balance sheet has grown since then too, not reduced, why would you focus just on the p&l?
Sign in if you want to comment
The Sheiks Extended family finances
Page 1 of 10
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posted on 14/2/20
Well it’s definitely not money laundering, is it?
posted on 14/2/20
What a well researched article.
posted on 14/2/20
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
posted on 14/2/20
User number over 20,000....ima head out
posted on 14/2/20
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 0 seconds ago
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
----------------------------------------------------------------------
It's the opposite of money laundering, it's money burning.
Take a piiiss poor failing business with no brand value, assetts, goodwill, earnings potential or future value whatsoever, pump ridiculous amounts of cash into it, far more than it could ever be worth, vastly outspend everyone in the universe, act like you've done something special when you win a couple of league trophies, stick their crest on the tail fins of your aeroplanes like winning a few trophies legitimises your shoddy regime, pump more cash in, rinse and repeat.
posted on 15/2/20
Post
posted on 15/2/20
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 7 hours, 22 minutes ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 0 seconds ago
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
----------------------------------------------------------------------
It's the opposite of money laundering, it's money burning.
Take a piiiss poor failing business with no brand value, assetts, goodwill, earnings potential or future value whatsoever, pump ridiculous amounts of cash into it, far more than it could ever be worth, vastly outspend everyone in the universe, act like you've done something special when you win a couple of league trophies, stick their crest on the tail fins of your aeroplanes like winning a few trophies legitimises your shoddy regime, pump more cash in, rinse and repeat.
----------------------------------------------------------------------
posted on 15/2/20
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 9 hours, 50 minutes ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 0 seconds ago
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
----------------------------------------------------------------------
It's the opposite of money laundering, it's money burning.
Take a piiiss poor failing business with no brand value, assetts, goodwill, earnings potential or future value whatsoever, pump ridiculous amounts of cash into it, far more than it could ever be worth, vastly outspend everyone in the universe, act like you've done something special when you win a couple of league trophies, stick their crest on the tail fins of your aeroplanes like winning a few trophies legitimises your shoddy regime, pump more cash in, rinse and repeat.
----------------------------------------------------------------------
City is valued at 2bn, how does that fit into your rant?
posted on 15/2/20
Always called it out for its sports washing.
When you have about 40,000 people backing your regimes actions on social media because you bunged the club they identify with a few billion quid.
posted on 15/2/20
comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 36 minutes ago
Always called it out for its sports washing.
When you have about 40,000 people backing your regimes actions on social media because you bunged the club they identify with a few billion quid.
----------------------------------------------------------------------
Shameful stuff
posted on 15/2/20
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 1 minute ago
comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 36 minutes ago
Always called it out for its sports washing.
When you have about 40,000 people backing your regimes actions on social media because you bunged the club they identify with a few billion quid.
----------------------------------------------------------------------
Shameful stuff
----------------------------------------------------------------------
Agreed. Their club is just part of a PR machinery.
posted on 15/2/20
comment by Holland's big brother Europe (U1250)
posted 52 minutes ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 9 hours, 50 minutes ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 0 seconds ago
Sportswashing, guilty as charged. Money laundering? Can't see why they'd have to do that.
----------------------------------------------------------------------
It's the opposite of money laundering, it's money burning.
Take a piiiss poor failing business with no brand value, assetts, goodwill, earnings potential or future value whatsoever, pump ridiculous amounts of cash into it, far more than it could ever be worth, vastly outspend everyone in the universe, act like you've done something special when you win a couple of league trophies, stick their crest on the tail fins of your aeroplanes like winning a few trophies legitimises your shoddy regime, pump more cash in, rinse and repeat.
----------------------------------------------------------------------
City is valued at 2bn, how does that fit into your rant?
----------------------------------------------------------------------
2bn without the Sheikhs money? You sure you'd have to pay that?
They don't even own their own ground
posted on 15/2/20
Yes, of course you would. We’re valued at that because that is the value that shares were actually sold valuing the club at.
posted on 15/2/20
You can put a £500 sticker on a pan loaf, Melts, doesn't mean anyone will buy it.
posted on 15/2/20
It's not City's valuation, it's Deloittes.
posted on 15/2/20
comment by Boris 'Inky’ Gibson #TaintedTitle (U5901)
posted 2 minutes ago
It's not City's valuation, it's Deloittes.
----------------------------------------------------------------------
For Sale:
Loss making enterprise in less desirable area. Will require constant and significant investment to remain competitive. Currently operating in leased half full premises. Banned from significant revenue stream for 2 years.
£2bn or nearest offer.
posted on 15/2/20
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 8 minutes ago
You can put a £500 sticker on a pan loaf, Melts, doesn't mean anyone will buy it.
----------------------------------------------------------------------
Depends..
You could use a related company to buy it to offset their profits, transfer said profits to another entity and avoid tax
posted on 15/2/20
But someone did buy it at that price though, that’s the point.
posted on 15/2/20
comment by meltonblue (U10617)
posted 27 seconds ago
But someone did buy it at that price though, that’s the point.
----------------------------------------------------------------------
Oh, so the ownership of the club changed hands..? Who is the new owner?
posted on 15/2/20
13% of it got sold to a Chinese consortium, that’s exactly where that valuation came from.
posted on 15/2/20
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 18 minutes ago
comment by Boris 'Inky’ Gibson #TaintedTitle (U5901)
posted 2 minutes ago
It's not City's valuation, it's Deloittes.
----------------------------------------------------------------------
For Sale:
Loss making enterprise in less desirable area. Will require constant and significant investment to remain competitive. Currently operating in leased half full premises. Banned from significant revenue stream for 2 years.
£2bn or nearest offer.
-------------------------------------------
How would yo sell United then?
For Sale:
Enterprise in industrial area with heavy debt and dependency on overseas visitors. Will require constant and significant investment to pay wage bill. Currently operating in mortgaged, ageing premises. Haven't qualified for significant European revenue streams for 2 years.
posted on 15/2/20
comment by Boris 'Inky’ Gibson #TaintedTitle (U5901)
posted 1 minute ago
comment by The Post Nearly Man. Je suis européen. (U1270)
posted 18 minutes ago
comment by Boris 'Inky’ Gibson #TaintedTitle (U5901)
posted 2 minutes ago
It's not City's valuation, it's Deloittes.
----------------------------------------------------------------------
For Sale:
Loss making enterprise in less desirable area. Will require constant and significant investment to remain competitive. Currently operating in leased half full premises. Banned from significant revenue stream for 2 years.
£2bn or nearest offer.
-------------------------------------------
How would yo sell United then?
For Sale:
Enterprise in industrial area with heavy debt and dependency on overseas visitors. Will require constant and significant investment to pay wage bill. Currently operating in mortgaged, ageing premises. Haven't qualified for significant European revenue streams for 2 years.
----------------------------------------------------------------------
Nah, I'd go:
For Sale:
Manchester United.
posted on 15/2/20
comment by meltonblue (U10617)
posted 1 minute ago
13% of it got sold to a Chinese consortium, that’s exactly where that valuation came from.
----------------------------------------------------------------------
Oh I see.. so based on 13% of the entity that was sold during a very good year for Man City it will reflect the value of that as well as the remainder of the 87% forever?
Don’t be so facking daft.. if Arkwright duped people into blpaying over the odds for ginger cake it doesn’t make him a millionaire.
posted on 15/2/20
Yes of course, that was the value of the share price, what else do you think valuations are based on?!
posted on 15/2/20
Our balance sheet has grown since then too, not reduced, why would you focus just on the p&l?
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