So for the last 12 month period, we generated approx. 112.3M in EBITDA (earnings before interest, D&A, taxes, etc). That is up from 85 million last year, or 32%. Our Net Debt to EBITDA ratio was 2.26x, it is now 1.79x. That gives us almost 50M in borrowing potential to keep a flat ratio. There is some capacity to increase debt. You just want to keep it manageable, and frankly 2.26x is a fairly low ratio. Some companies are as high as 8x, but these are much more risky companies.
On a Free Cash Flow basis (Operating Profit less investment), we're generating ~103.5 EUR million in Operating profit after interest. In the next year, there will be ~33.8 million that will need to be collected from teams, while we'll need to pay out 72 million. The personal cost as a % of revenue has dropped 3%, and now is lower than 50% (~49%), which is Real Madrid's model.
At this point, a basic cash number has us generating ~65 million in cash. An expenditure for a player is usually spread over a period, so with 65 million in cash and ~50 million in extra debt capacity, there is certainly enough funds to make a large purchase and many support purchases. Juventus generated ~396 million in revenues from December 2015, which is almost 2x the amount that we generated in 2011/2012 (204 million)
Financially, the team isn't not competitive. We have the balance sheet capacity, and earnings power to make a real splash in the transfer market.
I figured instead of making declarations, it would be more convincing if I backed it up.
In fact, the team only generates ~80 million less than Bayern, and we're not paying Pep (~20 million pounds)
On a Free Cash Flow basis (Operating Profit less investment), we're generating ~103.5 EUR million in Operating profit after interest. In the next year, there will be ~33.8 million that will need to be collected from teams, while we'll need to pay out 72 million. The personal cost as a % of revenue has dropped 3%, and now is lower than 50% (~49%), which is Real Madrid's model.
At this point, a basic cash number has us generating ~65 million in cash. An expenditure for a player is usually spread over a period, so with 65 million in cash and ~50 million in extra debt capacity, there is certainly enough funds to make a large purchase and many support purchases. Juventus generated ~396 million in revenues from December 2015, which is almost 2x the amount that we generated in 2011/2012 (204 million)
Financially, the team isn't not competitive. We have the balance sheet capacity, and earnings power to make a real splash in the transfer market.
I figured instead of making declarations, it would be more convincing if I backed it up.
In fact, the team only generates ~80 million less than Bayern, and we're not paying Pep (~20 million pounds)

I'm pretty sure James will ask to be sold. Isco is happy with rotational role but I can't see James being happy with it. Competition will be there though, be it MU, PSG or someone else. That drives up the price even more.
