City’s income increased by almost £100m from 2021-22 while its profit almost doubled from £41.7m to £80.4m
    • OverallResolve@alien.topBEnglish
      1·
      1 year ago

      Do you have any examples? I looked at the MCFC sponsor page and none seemed off (other than WeWork).

      I could see how some of them might involve ‘laundering’ but that would apply to any club, e.g. overpayment on services for that company whilst receiving sponsorship, but I assume that that’s at least against sponsorship rules, if not illegal, and would apply to any club anyway.

      • The_Big_Cheese_09@alien.topBEnglish
        1·
        1 year ago

        Here is a story that explains the situation with 8xBet where the ‘CEO’ is caught in lies about the validity of the company. Online images of employees were traced back to modelling agencies in London.

        They accepted money from a Crypto site called 3Key and then it wasn’t until an external investigation showed that none of their executives actually existed anywhere online before they cancelled the sponsorship.

        Here is a financial prepaid debit card sponsor that gave City over £500k per year for a few years despite only activating 145 cards in the history of their company.

        Either City’s owners are thick as shit accepting money from everybody or they are cheating. And I don’t think they’re thick as shit.

      • FallingSwords@alien.topBEnglish
        1·
        1 year ago

        One came up on here once, the CEO photo was a stock image, the company all but didn’t exist. They’re cheats.

    • alb92@alien.topBEnglish
      1·
      1 year ago

      Although I doubt it is 100% legit, it is probably a lot closer than many people think. Problem is that they have been allowed to operate for so many years with more than questionable financials, that they’ve now built the club into something more sustainable.

      • marc15v2@alien.topBEnglish
        1·
        1 year ago

        If Saudi backed out today. They’d be done as soon as the fake sponsors contracts run out.

        It’s completely unsustainable.

      • droreddit@alien.topBEnglish
        1·
        1 year ago

        Yea, for anyone who’s watched the wire, this is like Stringer wanting to become the bank. Meaning using illegitimate funds and money to start up legitimate businesses and then not needing the criminal enterprises anymore.

        • DougieWR@alien.topBEnglish
          1·
          1 year ago

          It’s really why so much of this is too late. City is a treble winning European powerhouse that’s dominated the most financially successful domestic league in the world. Even if you cut off all of the funding now, yes they would probably be less successful but still far more so than most teams.

          I also just doubt what long-term impact to their credibility would occur even if they were sanctioned to the highest degree possible. I just think people would look at the reputations of the players of the past 10 years and in 10 years from now view that as positive as opposed to the blemish of whatever sanctions occurred. You would well and truly have to bury them: Strip titles, huge financial sanctions, relegation, etc and we all know that’s not going to happen

      • G_Morgan@alien.topBEnglish
        1·
        1 year ago

        Chelsea are a good model of where you’d expect a club to be after mass investment. If their revenue was comparable to Chelsea they’d go bankrupt in a year.

    • G_Morgan@alien.topBEnglish
      1·
      1 year ago

      Hey nothing stopping the rest of us setting up shell companies and funnelling our owners money through them.

    • arrivederci117@alien.topBEnglish
      1·
      1 year ago

      If it wasn’t, we would have been hit with a points deduction. Notice how all of your favorite pundits haven’t brought up those charges in a while. Probably because they know it’s all bs.

      • TheRealGreenArrow@alien.topBEnglish
        1·
        1 year ago

        If it wasn’t, we would have been hit with a points deduction.

        The case in ongoing, so no, you wouldn’t have.

        Notice how all of your favorite pundits haven’t brought up those charges in a while. Probably because they know it’s all bs.

        If we ignore the ridiculous ‘favourite’ part.

        They brought it up when it first happened. Nothing of note has happened yet, so why would they keep bringing it up?

        And in the UK people tread carefully around things that are alleged because they don’t want to get in trouble. You have to say alleged, but usually people just steer clear of it. So what exactly do you expect them to keep saying? Talking about it just opens them up to issues. Why not wait until a result?

        It’s crazy that instead of thinking why people might not go on live TV in the UK and talk about alleged things all the time when there’s been no updates about it, you just assume it’s because it’s bullshit.

        • Putrid_Loquat_4357@alien.topBEnglish
          1·
          1 year ago

          I mean imo it should be brought up, wasn’t mentioned at all during city’s treble celebrations last year. Instead the media were trying to present it as this wholesome story. Was kind of sickening.

          • TheRealGreenArrow@alien.topBEnglish
            1·
            1 year ago

            I do agree that it should, but also with the laws in the UK broadcasters just aren’t going to take the risk, and I understand that.

      • xckd9@alien.topBEnglish
        1·
        1 year ago

        Like what pisses me off with Manchester City fans is that you dont just accept that your club is what it is. Atleast i could respect that, instead of this desperation trying to claim that you are purest og them all.

      • AnotherThrow2023@alien.topBEnglish
        1·
        1 year ago

        G. Nev brought it up a couple of weeks back when discussing Everton.

        Also, they are not going to speak on it too much or say what they feel, as Sky could get sued.

        Heck, your owners called Klopp xenophobic when he said that clubs owned by Gulf states can do what they want.

  • lrzbca@alien.topBEnglish
    1·
    1 year ago

    And still £32m less than Bayern Munich who don’t enjoy the big fat broadcasting revenue like PL clubs do while City won treble. One must marvel at Bayern Munich operations and also wonder when state owned clubs can’t catch big clubs revenues after fudging sponsorship deals and other things what do normal clubs do to have a chance. Big clubs are too big and they keep becoming bigger and bigger.

    • Qneva@alien.topBEnglish
      1·
      1 year ago

      I see what you’re trying to say but this is definitely not the thread for this discussion. When you bring it up here it just looks apologetic to City.

      • lrzbca@alien.topBEnglish
        1·
        1 year ago

        As a Chelsea fan, where ever I bring it up it would be the same case. I didn’t have Manchester City revenue results to comment under Bayern Munich revenue’s results post. If it was the other way around I would’ve made this comparison comment. All those billions spent, illegal stuff, one of the best run club’s, had best season and you still can’t catch Bayern who don’t have the biggest broadcasting revenue like EPL and who don’t charge fans overprice tickets. Sometimes you got to sit back and wonder how big are these clubs that even billions and legal stuff can’t catch them in couple of decades. If a normal club wants to compete in the right way it’s almost not possible. Asking this question doesn’t necessarily mean one is apologising for Manchester City or Chelsea. Incredible stuff if you zone out for a moment and think.