After returning to Cheshire from Reading, Gao Shen took a day's rest and immediately went back to work intensively.
In the meantime, when Huawei engineers came to Leeds for docking, he took the time to make a trip, called Big Mouth Brother again, thanked him for his support, and made an appointment to get together again at some time.
"As long as we don't talk about football, whenever your big-mouthed brother calls, I will definitely be there when I have time!"
Yu Dazui on the other side of the phone was quite thick-skinned. He just laughed and passed by without taking it seriously at all.
No one who can do great things is thin-skinned.
…
For Gao Shen, the two weeks of national team competition days can be described as being on tenterhooks.
Now that Manchester City is in a great situation, the only thing that can really stop the team from moving forward is injuries.
Other Premier League teams are also helpless against Manchester City.
I can't fight again and again, and I can't dig anymore. I can only believe in God.
During this period, the Daily Mail did something quite disgusting, which was to once again issue a call for a thorough investigation of Manchester City's financial data, because they helped Mansour make a calculation. In the past few years, he has been at Manchester City.
More than one billion pounds was invested in it.
The Daily Mail started to take off, and the Sun and other good news media also followed suit. There was a feeling that if I can't kill you on the court, I will knock you down on another track.
It is true that Manchester City has been losing money, and losing a lot, but the results are indeed very good.
Many media outlets created momentum at the same time, forcing Manchester City to respond.
Chief executive Gary Cook came out to clarify, saying that the club is indeed unable to make ends meet, but he has repeatedly emphasized that Manchester City's revenue is growing at an alarming rate every year.
So why do losses expand?
Because of contract renewal.
To put it simply, if the team's performance is good, players' salaries are increased, and new contracts are signed, the club's expenses will increase and its losses will increase. Isn't this normal?
But Gary Cook has repeatedly stressed that the media has exaggerated Manchester City's debt.
"Sheikh Mansour runs Manchester City not for the short term, but for the long term."
"As long as you carefully study the companies owned by Sheikh Mansour, you will find that he never does failed business and does not seek huge profits, but seeks stability. Therefore, since the acquisition of Manchester City, he has been operating steadily step by step."
"Yes, we have improved very quickly in terms of performance. This is thanks to the coaching staff headed by Gao Shen and our players. They have created our brilliance on the court and also helped the team develop very financially.
fast."
"I believe that in a few years, the club will be able to be financially self-sufficient. This is possible and it is the general trend!"
Gary Cook's response was reasonable, but no one ever tried to reason with him.
Manchester City said it can be done in the future, but it will give you a few more years, but who can say for sure what will happen in the future?
When Chelsea poached Peter Kenyon and Gurley from Manchester United, they also vowed to make a profit within a few years, but have they achieved it?
Peter Kenyon has already left. Chelsea has not yet made a profit and is still relying on blood transfusions from the boss.
Will Manchester City do the same?
What?
Chelsea also in debt?
That was Chelsea's business, now I'm talking about you Manchester City!
Besides, my car didn’t violate financial fair competition regulations.
At this point, I have to break it down again.
…
Gao Shen is really confused about these financial aspects. He really never cares about the club's financial situation.
I had no choice but to go home and ask my wife for advice.
Su Qing searched on the computer and directly gave Gao Shen a copy of Arsenal's annual financial report for last season audited by Deloitte.
Gao Shen looked over and saw that they all looked like ants and could not be understood at all.
As a last resort, Su Qing could only explain patiently.
It turns out that the so-called capitalization operation is not just a simple sentence, or engaging in loans and business.
The devil is in the financial statements.
According to reports in the Daily Mail and The Sun, Manchester City spent so much money to bring in players, so they just added up all of Manchester City's investment in signings, saying that Manchester City invested one billion pounds, minus the revenue, and the losses were staggering.
.
But Gary Cook has stressed that City's liabilities have been overstated.
In fact, both sides were right.
For example, if Manchester City introduces a player, the transfer fee is 100 million pounds, and the contract is for five years, how should it be recorded?
The answer is, amortization.
The so-called amortization is almost the same as the depreciation of fixed assets.
One hundred million pounds is divided into five years, which is 20 million pounds per year, and is included in the cost year by year.
Then the interesting question comes. If Manchester City sells this player for 30 million pounds at the end of the fourth year, will it make a loss? Or make a profit?
In the eyes of the media and fans, that was definitely a loss.
Damn it, do you even need to say this?
One hundred million pounds turned into thirty million pounds, a total loss of seventy million pounds, all of which went to my grandma's family.
But what about actually?
made money!
Because in the first four years, the amortization was 20 million pounds per year, and the total amortization was 80 million pounds.
The unamortized £20 million was included in the value of intangible assets. Financially speaking, the player is actually only worth £20 million now, but he sold it for £30 million and made £10 million.
That's why Gary Cook says Manchester City's debt is over-exaggerated.
Judging from the financial statements, Manchester City really did not lose so much money.
Because the transfer fees of many players are amortized year by year, how can Manchester City lose so much?
At least that's what's going on in the financial reports.
…
After Su Qing analyzed this, Gao Shen immediately understood the problem.
The key reason why all companies go bankrupt is not liabilities or profits, but cash flow.
As long as the cash flow is cut off, the company will go bankrupt.
So to a certain extent, through this capitalization operation, the team can theoretically continue to operate as long as the cash flow continues.
Clubs like Mansour and Abramovich, who have astonishing funds on hand to back them up, theoretically have cash flow that will not dry up, so this game can continue to be played.
"Clubs like Manchester United and Arsenal have not dared to make big purchases in recent years because they are limited by cash flow pressure. Even membership systems such as Real Madrid and Barcelona exist, but Chelsea, Manchester City, Paris Saint-Germain, etc.
The team has no problems in this regard. As long as the boss behind it is willing to inject capital, they can continue to play."
Gao Shen understood that UEFA's financial health regulations did not impose as many restrictions on clubs as they seemed.
"Financial games can always only be financial games. Money will never appear or disappear out of thin air. Although it can be passed on to other clubs through another transfer, the club actually does not get any benefits. It can only be used for
It’s a show off to make the financial statements look better.”
"This is actually the reason why teams such as Manchester United, Arsenal, Bayern Munich and others have repeatedly asked for an audit of Manchester City's finances. The gameplay is not on the same track at all. How can they compare?"
Su Qing's words gave Gao Shen a feeling of enlightenment.
But in fact, it is very difficult to review it.
More importantly, more and more capital will pour in in the future, and they will play capital football like Chelsea, Manchester City, Paris Saint-Germain and other teams.
They will want to gain a foothold in the shortest possible time, close the gap with strong teams, and even create their own brand, which requires them to pay higher costs.
Due to the gouging, transfer fees will naturally rise, and players' annual salaries will also get higher and higher.
In the past, Gao Shen only knew about this capital game but didn't know why. After Su Qing's analysis, he really understood it, and at the same time he felt a sense of worry.
Can this game of capital continue to be played like this?
Even though the economy has been booming in recent years, overseas copyrights and Internet copyrights have become popular, and the club's income has been rising steadily, there is always a limit. The market cannot continue to support it. How many teams still have value?
"Do you know how grateful Manchester City is to you now?" Su Qing looked at Gao Shen and said.
She knew that her husband had been worried about her possible departure from Manchester City in the past period, and she took this opportunity to explain it today.
"I believe you must have seen that in this capital operation game, the real value is the most important, but it is difficult to reflect. And you have made every investment of Manchester City produce corresponding results, even
The real value is two times, three times, or even ten times higher."
"Manchester City is indeed very kind to you, but you don't owe them or anyone else!" Su Qing expressed her conclusion.
When Gao Shen heard this, he felt much better.
Manchester City seems to be losing money now, but this is not because they have no value, but because their revenue is too small to support such a big scene.
If you look purely at value, Manchester City is one of the most valuable teams in world football today. Only Real Madrid and Barcelona can compare with Manchester City.
And this is the value Gao Shen has created for Manchester City in the past three years!
Gao Shen nodded solemnly.
"Growing up, my dad taught me to be down-to-earth and do whatever you have with the money. When I grew up, I believed in seeking truth from facts when dealing with people. Therefore, we at Leeds United cannot and are not qualified to embark on this kind of path.
The business route of capital operation.”
Su Qing smiled sweetly, nodded and said: "Don't worry, don't you still have me?"
She is the person who understands Gao Shen best in the world. She knows what Gao Shen wants and how to help him achieve his goals.
…
Manchester City's financial problems have almost become menstrual news, and they will be "criticized" by the media every once in a while.
Gao Shen didn't need to face this at all, and he didn't need to pay attention to it. He just focused on leading the team to prepare for the upcoming Premier League and Champions League group matches.
The twelfth round of the Premier League was against Newcastle at home. Gao Shen still arranged for all non-South American international players to play, and he cleanly defeated Newcastle 3-0 at home.
The Magpies are currently ranked fifth in the Premier League, but were defeated by Manchester City and were unable to fight back. This shows how strong the overall strength of Blue Moon is.
Three days later, Manchester City left for Madrid to challenge Real Madrid at the Bernabeu.
This is a life and death battle for Real Madrid, but Manchester City has already qualified early.
Gao Shen played with a rotating lineup, adopted defensive counterattack tactics, and made a rational choice that a normal head coach would make in this situation.
As for whether Real Madrid can win, that depends on Mourinho himself.
