The on topic thread

[moomba]

well i do remember him trying to laughably prove that etihad were profitable and being cut down pretty hard.

Someone saying they have doubts that Etihad are profitable isnt proof that they're not.

If thats cut down pretty I'd hate to see you finally get one right.

 

[Fryer Tuck]

no, i know it changes so i put the . in.

Melt Ice into Water.

 

[Zidane98]

Someone saying they have doubts that Etihad are profitable isnt proof that they're not.

If thats cut down pretty I'd hate to see you finally get one right.

Lol. Just lol.

 

[moomba]

At the end of the day what Mansour has done is not a good investment but as has been mentioned before he doesn't give a shit because him wearing £700m to start with is like one of us dropping 100 bucks on roulette at the casino.

It's definitely a quick way to bring footballing success though. Of that there is no doubt.

Time will tell. He's already made several hundred million back through the sale of 13% of CFG.

The clubs worth hundreds of millions more than it was when he took over.

Our revenue has grown by around 500%.

Costs are going down and will continue.

And we've not even started the next phase of the project.

 

[Bojan KantKick]

Someone saying they have doubts that Etihad are profitable isnt proof that they're not.

If thats cut down pretty I'd hate to see you finally get one right.

you seem comfortable relying on expert opinions to justify your clubs business model but not on finance or airline experts with regard to Etihad.

Pretty funny.

 

[Zidane98]

Time will tell. He's already made several hundred million back through the sale of 13% of CFG.

The clubs worth hundreds of millions more than it was when he took over.

Our revenue gas grown by around 500%.

Costs are going down and will continue.

And we've not even started the next phase of the project.

Not to put a dampener on things but didn't Sheikh Mansour issue new shares for your communist friends rather than sell existing ones? That will devalue existing shares.

 

[Bojan KantKick]

 

[moomba]

you seem comfortable relying on expert opinions to justify your clubs business model but not on finance or airline experts with regard to Etihad.

Pretty funny.

I'm not relying on expert opinion to back up my claim that we have turned consecutive profits.

It's public record.

And no expert has shown any evidence that Etihad didnt turn a profit. They said they had suspicions, one of which was that Etihad received partnership fees from partnership airlines without making clear how much they invested in those airlines.

As far as I can tell an investment in another company wouldnt form part of the P&L anyway so I didnt consider those suspicions particularly relevant.

 

[moomba]

Lol. Just lol.

Prove me wrong if you think I am.

Back up your lols with some sort of substance.

 

[Latro]

 

[moomba]

Not to put a dampener on things but didn't Sheikh Mansour issue new shares for your communist friends rather than sell existing ones? That will devalue existing shares.

Don't think so.

 

[Art Vandelay_]

I'd try it if i had 30 odd billion lying around.

I have it lying around somewhere, I just can remember where.
Wait a sec, I'll just lift this seat cushion. Nope...

 

[Zidane98]

I'm not relying on expert opinion to back up my claim that we have turned consecutive profits.

It's public record.

And no expert has shown any evidence that Etihad didnt turn a profit. They said they had suspicions, one of which was that Etihad received partnership fees from partnership airlines without making clear how much they invested in those airlines.

As far as I can tell an investment in another company wouldnt form part of the P&L anyway so I didnt consider those suspicions particularly relevant.

Your FFP losses since Sheikh Mansour took over are also public record (totalling nearly £500m) as was your £200m investment in infrastructure (not part of FFP losses).

A very long way to go before all of that investment is recouped. That's when you are making true profit. And it's telling you continue to ignore losses and go on about a small profit in a 12 month period like it's a huge achievement.


I'd be bloody worried if I spent £700m on a business and couldn't turn over at least a small profit every year.

 

[Zidane98]

Don't think so.

I think you'll find it does but in reality Mansour isn't answerable to anyone. It's his hobby after all.

 

[WealstoneRaider]

lol I could read these arguments all day. Wait a minute, I think I actually do

 

[Zidane98]

lol I could read these arguments all day. Wait a minute, I think I actually do

It's like hearing a poke addict go on about saying they've just won the major jackpot of $2000 but failing to mention the $20,000 they've lost already.

 

[Art Vandelay_]

Like you and everything English, right fam?

Not enough blud in this post. Please take note for next time.

 

[Art Vandelay_]

Autocorrect got you I believe

Compare the pair.

Unedited: nice melt
Edited: nice.melt

End of the day the lesson we learn is that Admin are campaigners who are here to ruin all fun!

 

[moomba]

Your FFP losses since Sheikh Mansour took over are also public record (totalling nearly £500m) as was your £200m investment in infrastructure (not part of FFP losses).

FFP accounts have never been released publicly. I think you're confused on this one.

A very long way to go before all of that investment is recouped. That's when you are making true profit. And it's telling you continue to ignore losses and go on about a small profit in a 12 month period like it's a huge achievement.

A profit is when your income exceeds your costs in a reporting period. You don't have to recoup your investment to make a profit. That's just something you've made up.

I'm not making out like it's a huge achievement. It is what it is.

I'd be bloody worried if I spent £700m on a business and couldn't turn over at least a small profit every year.

Plenty of successful business start out making losses. But probably not something you need to worry to much about.

 

[Zidane98]

FFP accounts have never been released publicly. I think you're confused on this one.



A profit is when your income exceeds your costs in a reporting period. You don't have to recoup your investment to make a profit. That's just something you've made up.

I'm not making out like it's a huge achievement. It is what it is.




Plenty of successful business start out making losses. But probably not something you need to worry to much about.

So now the £700m spent is irrelevant. Couldn't make this shit up seriously. A bank would laugh at you if you said that.

 

[moomba]

So now the £700m spent is irrelevant. Couldn't make this shit up seriously. A bank would laugh at you if you said that.

????

 

[Zidane98]

Also your books have been released - including a loss of £197m in just one year. I believe an amount that will probably only be exceeded by the nonsense going on in China atm.

 

[Zidane98]

????

Are you seriously claiming that the £700m spent by Mansour is irrelevant when it comes to profits you make now in a 12 month period?

 

[Zidane98]

Bojan KantKick come and listen to the finance expert for a laugh

 

[Bojan KantKick]

I'm not relying on expert opinion to back up my claim that we have turned consecutive profits.

It's public record.

And no expert has shown any evidence that Etihad didnt turn a profit. They said they had suspicions, one of which was that Etihad received partnership fees from partnership airlines without making clear how much they invested in those airlines.

As far as I can tell an investment in another company wouldnt form part of the P&L anyway so I didnt consider those suspicions particularly relevant.

you used an expert opinion to justify the business model, not profitability.

there is no public record of Etihad making a profit and you tried to use one audited account within a group of companies to justify it which was rightly mocked...