Why wouldn't they be? They play in the richest city in Europe and have got a nice, tax-payer funded stadium to move into. They'll be above us for a while I'd have thought.Where are people seeing this list anyway I can only get the top twenty?
Sorry to come across like an accountant, but this list focussed on revenue not profitability.
Quote from: lovejoy on January 23, 2014, 02:25:29 PMSorry to come across like an accountant, but this list focussed on revenue not profitability.It always has been. Focussing on profitability for football clubs is rather meaningless in isolation because its massively impacted by player transfers, even those from several years ago, due to the way amortisation of player contracts is accounted for.
Quote from: Ad@m on January 23, 2014, 03:10:49 PMQuote from: lovejoy on January 23, 2014, 02:25:29 PMSorry to come across like an accountant, but this list focussed on revenue not profitability.It always has been. Focussing on profitability for football clubs is rather meaningless in isolation because its massively impacted by player transfers, even those from several years ago, due to the way amortisation of player contracts is accounted for.EBIT is probably the best measure.
Quote from: BC54 VFC on January 23, 2014, 09:07:36 PMQuote from: Ad@m on January 23, 2014, 03:10:49 PMQuote from: lovejoy on January 23, 2014, 02:25:29 PMSorry to come across like an accountant, but this list focussed on revenue not profitability.It always has been. Focussing on profitability for football clubs is rather meaningless in isolation because its massively impacted by player transfers, even those from several years ago, due to the way amortisation of player contracts is accounted for.EBIT is probably the best measure.Surely if you're going down that route then EBITDA is a better measure as that is before tax, depreciation and amortisation, rather than just before tax, amortisation being, as Ad@m says, being the major distortion in the profit/loss account.Most capital intensive businesses are judged on this measure when looking at results rather than net profit as it's a better indication of underlying performance.
2009-10 - 20th - €109.42010-11 - 24th - €99.32011-12 - 27th - €98.6