City Football Group - Financials & Acquisitions
- Thread starter LionNYC
- Start date
There were a lot of rumours when CFG first signed a sponsorship with Korean company Nexen Tire that a K-League team would be bought soon. Hasn't happened so far. I'll wait before getting too invested in this idea.
http://footballchannel.asia/2015/02/17/post2208/ for background.
http://footballchannel.asia/2015/02/17/post2208/ for background.
So CFG is in...
- England
- USA
- Australia
- Japan
- Spain
- Uruguay
- Korean (Academy)
What are the most probably countries for them to enter next? Africa? Another European country?
The reported purchase of Girona is still yet to turn into anything more than a rumour, so unless you're counting what presently is no more than a gentlemen's agreement then you need to scratch off Spain from that list. Of course, if you are including gentlemen's agreements then you need to add the Netherlands, because there's a very similar arrangement with NAC Breda right now (minus the talk of buyouts).
Also, the next countries are likely to be China and India, or they are where all the talk has been revolving around for the last 12 months or so.
Also, the next countries are likely to be China and India, or they are where all the talk has been revolving around for the last 12 months or so.
Haha. Yeah...
To be honest, most likely the next time I change the avatar it will be to remove the badges altogether and use a completely different type of picture. Will need to work out exactly what I would want to replace it with before I can do that, though.
That's disappointing. Was hoping for 17 slices.
100% CFG will buy a team in China or India considering they are probably the two fastest growing football leagues that are also untapped by CFG is there any news on who there considering buying or is it just wait and see.
Also considering that they sold a 13% stake in their company to a investment group owned by the Chinese government, and with the Chinese President having visited the training ground in Manchester to sign an agreement with David Cameron for UK investment into Chinese football...
I'll summarize:
To ensure that MCFC shows a profit, NYCFC and Melbourne are subsidizing MCFC.
To ensure that MCFC shows a profit, NYCFC and Melbourne are subsidizing MCFC.
That's why we got Mark Booth to be editor in chief of NYCFC.com. NYCFC is "paying" his 20M Euro Salary.
Also I bet a lot employees are coded in NYC rather than Manchester.
Also I bet a lot employees are coded in NYC rather than Manchester.
Pretty sure you’re right. But pretty sure it’s all defensible.
Doesn’t make it any less sad. I don’t support NYCFC to subsidize a team I dgaf about.
Man, you guys are supposed to make me feel more bad, and not less bad, about cancelling my season tickets, aren't you
Honestly sickening how we just give them our USMNT stars for free.
Oh I thought we were joking. Guys, our season tickets are not paying Aymeric Laporte's $80m transfer fee. The "subsidy" the article talks about looks like CFG shifting costs to places they can absorb them without hurting Manchester City's Financial Fair Play standing. There's no reason to believe it hurts NYCFC at all, while we all know the ways that CFG gives our team an advantage.
"Subsidized" in the article is kind of a loaded term. It's more housing its debt on its affiliate's balance sheet instead of its own, it's all CFG's cash in the end. Given the debt that they've shown in previous years, it could be a case of showing more of our own debt for cash we've been lent rather than anything nefarious.
We can hardly be subsidizing them when our total receipts are half the debt we reported.
A couple of thoughts. Yes, it's a shuffling of deck chairs because the same person is writing the checks no matter what.
It's just a bad look. It's almost as if these other entities exist to absorb costs above and beyond want they want to show on the MCFC balance sheet. The interesting tidbit is that NYCFC, by any measure, looks to be highly profitable in its day to day operations. Our club and it's balance sheet appears to be rather healthy.
That all rings true, thus why I said it’s defensible.
It doesn’t mean anyone is wrong to have a little beef with it, though. It sucks. As someone who supports a team competitive with Momma City, I do feel a little dirty.
But I’ll probably just choke down the shame and carry on because it gives me pleasure, like a Vegas seafood buffet.