QUOTE (X-Offender @ Sep 10 2013, 08:42 PM)
2009 is
inexplicable. We have nearly €100 million more in revenues than the previous year, identical salaries, + Kaka's sale, and yet we have a frigging loss! (IMG:
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Actually it is explicable, if only you would read the financials attached.
Whatever, Galliani is an idiot no (IMG:
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QUOTE (TriniKing_CE @ Sep 11 2013, 07:27 AM)
So no profit made since 2006... I wonder if we can make one this year? (IMG:
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The club used to generally have a running cost on average of EUR300M. This year, we reduced expenses by EUR40M-50M approx, hence we might actually see a profit.
Though our combined losses for the three years (ie 2011, 2012, & 2013) are over the EUR45M allowable deficit set by FFP, we would have shown a significant reduction in operating costs and as such FFP considers clubs that show an improvement in that light to be compliant.