Finance guru: Man City have incredible ‘£910m’ stockpile
Man City parent company City Football Group (CFG) are in a “very strong place” despite their enormous financial losses in 2020-21.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about CFG’s £910million stockpile of assets.
Assets include financial investments, cash, guaranteed future payments, and property.
CFG own nine clubs besides Man City, with outposts in Uruguay, the USA, India, Australia, China, Japan, Spain, France and Belgium.
The conglomerate revealed a total loss of £61m for the last financial year when they published their accounts last Friday (4 March).
Man City themselves made a profit of £4.8m over the same period and are the only Premier League side so far not to be in the red for 2020-21.
But Plumley argues that CFG’s asset base insulates both Man City and the group are on secure financial footing.
“I think City themselves are performing really well,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.
“Not all the group companies are performing to the same level as City.
“But if you look at the balance sheet, the group has overall assets of £910m. So from an equity position, the group is still in a very strong place.
“You would expect them to recover. If we’re looking for comparative figures, we should be looking back to 2018-19.
“The last couple of seasons have been an anomaly. So I don’t see any implications for City here because the losses are linked to all those clubs.
“It’s a big loss and we talk about that quite flippantly, but there are no real problems for City at this point in time.“
New York City, Troyes, Melbourne City and Mumbai City all won honours in 2020-21.
Man City were crowned Premier League champions and reached the Champions League final in the same season.
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