Football's Magic Money Tree
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Re: Football's Magic Money Tree
We found out earlier today that the ECA have been having their General Assembly in Geneva the last 2 days well it has now finished and there are a number of things that have come out of it
As we read earlier they have to go back to the drawing board with Agnelli's original plans https://www.bbc.co.uk/sport/football/49652966" onclick="window.open(this.href);return false;
Gianni Agnelli has more front than Blackpool, after the ECA members roundly rejected his proposals he has still gained re-election as Chair of the ECA
https://www.ecaeurope.com/news/andrea-a ... ive-board/" onclick="window.open(this.href);return false;
The ECA has published it's annual report
press release - https://www.ecaeurope.com/news/eca-publ ... rt-201819/" onclick="window.open(this.href);return false;
Full report - https://www.ecaeurope.com/media/4589/an ... 201819.pdf" onclick="window.open(this.href);return false;
Closing media conference https://www.youtube.com/watch?v=g-uzdddbqlE" onclick="window.open(this.href);return false; - this was totally dominated by English based journalists who asked a number of challenging questions - Agnelli struggled to hide his frustration with it all
As we read earlier they have to go back to the drawing board with Agnelli's original plans https://www.bbc.co.uk/sport/football/49652966" onclick="window.open(this.href);return false;
Gianni Agnelli has more front than Blackpool, after the ECA members roundly rejected his proposals he has still gained re-election as Chair of the ECA
https://www.ecaeurope.com/news/andrea-a ... ive-board/" onclick="window.open(this.href);return false;
The ECA has published it's annual report
press release - https://www.ecaeurope.com/news/eca-publ ... rt-201819/" onclick="window.open(this.href);return false;
Full report - https://www.ecaeurope.com/media/4589/an ... 201819.pdf" onclick="window.open(this.href);return false;
Closing media conference https://www.youtube.com/watch?v=g-uzdddbqlE" onclick="window.open(this.href);return false; - this was totally dominated by English based journalists who asked a number of challenging questions - Agnelli struggled to hide his frustration with it all
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Re: Football's Magic Money Tree
Barcelona having previously announced record revenues of Euro 990m for the 2018-19 season say they expect to break the billion euro mark this season, meanwhile project costs are increasing
http://www.sportspromedia.com/news/barc ... 3A.twitter" onclick="window.open(this.href);return false;
http://www.sportspromedia.com/news/barc ... 3A.twitter" onclick="window.open(this.href);return false;
Last edited by Chester Perry on Wed Sep 11, 2019 12:39 am, edited 1 time in total.
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Re: Football's Magic Money Tree
More on that ECA General Assembly - Agnelli has not given up on his initial plan is the feeling of the Associated Press
https://apnews.com/e97a7dced7a246ee86759481a8cb7f3c" onclick="window.open(this.href);return false;
https://apnews.com/e97a7dced7a246ee86759481a8cb7f3c" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
@AndyhHolt gets to the point re - falling tv deal values and the rise of the streaming pay model employed by the EFL
https://twitter.com/AndyhHolt/status/11 ... 3919909889" onclick="window.open(this.href);return false;
the same will happen to us if the Premier League were to adopt a similar model - some of he big six would be keen though it would kill the league
As @Uglygame says
https://twitter.com/uglygame/status/1171765684898021377" onclick="window.open(this.href);return false; then add https://twitter.com/SjMaskell/status/11 ... 2122579968" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 3919909889" onclick="window.open(this.href);return false;
the same will happen to us if the Premier League were to adopt a similar model - some of he big six would be keen though it would kill the league
As @Uglygame says
https://twitter.com/uglygame/status/1171765684898021377" onclick="window.open(this.href);return false; then add https://twitter.com/SjMaskell/status/11 ... 2122579968" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
An agent has been arrested in relation to a money laundering investigation in Belgium
https://apnews.com/c561688abff345d2a6d96bc6a598abca" onclick="window.open(this.href);return false;
specifically linked with deals out of Anderlecht in the past
https://twitter.com/martynziegler/statu ... 3246519296" onclick="window.open(this.href);return false;
EDIT more links from the BBC
https://www.bbc.co.uk/news/world-europe-49662132" onclick="window.open(this.href);return false;
https://apnews.com/c561688abff345d2a6d96bc6a598abca" onclick="window.open(this.href);return false;
specifically linked with deals out of Anderlecht in the past
https://twitter.com/martynziegler/statu ... 3246519296" onclick="window.open(this.href);return false;
EDIT more links from the BBC
https://www.bbc.co.uk/news/world-europe-49662132" onclick="window.open(this.href);return false;
Last edited by Chester Perry on Wed Sep 11, 2019 4:49 pm, edited 1 time in total.
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Re: Football's Magic Money Tree
Macclesfield were again given more time to resolve their financial issues by the High Court today as the HMRC sought a winding up order
https://twitter.com/BBCRMsport/status/1 ... 5306181633" onclick="window.open(this.href);return false;
https://twitter.com/BBCRMsport/status/1 ... 5306181633" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
A slightly different take on the proceedings of the ECA General Assembly in Geneva
https://www.bbc.co.uk/sport/football/49653954" onclick="window.open(this.href);return false;
https://www.bbc.co.uk/sport/football/49653954" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
The long silence on the long search for a replacement for Richard Scudamore has been interrupted by the Financial Times - I have no access to that so here is a report on that report - basically they have given up on finding a media exec to pick up the poisoned chalice
https://www.soccerex.com/insight/articl ... ast-sector" onclick="window.open(this.href);return false;
The more I think about this the more I think it needs a diplomat to manage the warring factions and have the commercial guys reporting in
EDIT funnily enough it is one of the key Agenda items in tomorrows Premier League meeting
https://www.skysports.com/football/news ... -on-agenda" onclick="window.open(this.href);return false;
https://www.soccerex.com/insight/articl ... ast-sector" onclick="window.open(this.href);return false;
The more I think about this the more I think it needs a diplomat to manage the warring factions and have the commercial guys reporting in
EDIT funnily enough it is one of the key Agenda items in tomorrows Premier League meeting
https://www.skysports.com/football/news ... -on-agenda" onclick="window.open(this.href);return false;
Last edited by Chester Perry on Wed Sep 11, 2019 5:41 pm, edited 1 time in total.
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Re: Football's Magic Money Tree
One of the lesser reported things to come out of that ECA General Assembly - The Chinese now have a representive on the ECA board as Inter Milan's president was elected
https://www.sportbusiness.com/news/zhan ... eca-board/" onclick="window.open(this.href);return false;
https://www.sportbusiness.com/news/zhan ... eca-board/" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
@AndyhHolt clearly demonstrating the machinations of the Premier League and what puppy dogs the EFL are to them
https://twitter.com/AndyhHolt/status/11 ... 7328373760" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 7328373760" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Radio Sheffield did a special on Football finance last night with special guest @DrRob_Wilson - it was promoted with the following tweet
https://twitter.com/mikemccarthy/status ... 7133082624" onclick="window.open(this.href);return false;
here is the programme on playback from 4:45 in - available for a few days only
https://www.bbc.co.uk/sounds/play/p07kpxzs" onclick="window.open(this.href);return false;
https://twitter.com/mikemccarthy/status ... 7133082624" onclick="window.open(this.href);return false;
here is the programme on playback from 4:45 in - available for a few days only
https://www.bbc.co.uk/sounds/play/p07kpxzs" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Wasn't aware of this particular vote by the PL today. Be interesting to see which way it goes, and wonder which method Mike Garlick prefers?.........We clearly called the bluff of the rest of Europe and it failed to work.Chester Perry wrote:@AndyhHolt clearly demonstrating the machinations of the Premier League and what puppy dogs the EFL are to them
https://twitter.com/AndyhHolt/status/11 ... 7328373760" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
@SwissRamble "previous thread explained the differences between a football club’s profit and loss account and its cash flow statement, as it is important to understand where the money has been spent. This thread will look at how this works for each of the 20 Premier League clubs in 2017/18.
https://twitter.com/SwissRamble/status/ ... 0802232320" onclick="window.open(this.href);return false;
naturally he has great respect for what we do
https://twitter.com/SwissRamble/status/ ... 0802232320" onclick="window.open(this.href);return false;
naturally he has great respect for what we do
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Re: Football's Magic Money Tree
I cannot give you the detail as my free articles are all used up this week (feel free to transcribe if you can) The Times on how UEFA's investigation into Man City's finances is unlike to end before the season does
https://twitter.com/martynziegler/statu ... 3126894592" onclick="window.open(this.href);return false;
https://twitter.com/martynziegler/statu ... 3126894592" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
FIFA stay close to home and pick it's friends to perform an audit into CAF practices and finances
https://twitter.com/tariqpanja/status/1 ... 7335215104" onclick="window.open(this.href);return false;
https://twitter.com/tariqpanja/status/1 ... 7335215104" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
The detail of that Gazetta piece on Italian salaries this season - didn't bother with translation as it is mostly names and numbers
https://www.gazzetta.it/stipendi_giocat ... index.html" onclick="window.open(this.href);return false;
https://www.gazzetta.it/stipendi_giocat ... index.html" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
While this sounds like a commercial spat over defending home league audiences, I see this as the opening salvo of a commercial desire to franchise club football at the very top level
Relevent Sports who run the pre-season International Champions Cup have launched against the United States Soccer Federation and FIFA to overturn a ruling banning National League games from countries outside the US being played in the country. No doubt they will cite the NFL, NBA and MLB but they do not have the global importance of football
http://www.sportspromedia.com/news/rele ... cked-games" onclick="window.open(this.href);return false;
- This is going to run and run - remember it started with talk of the 39th game for the Premier League
Relevent Sports who run the pre-season International Champions Cup have launched against the United States Soccer Federation and FIFA to overturn a ruling banning National League games from countries outside the US being played in the country. No doubt they will cite the NFL, NBA and MLB but they do not have the global importance of football
http://www.sportspromedia.com/news/rele ... cked-games" onclick="window.open(this.href);return false;
- This is going to run and run - remember it started with talk of the 39th game for the Premier League
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Re: Football's Magic Money Tree
@TomReedWriting with a charter for a "Unity League" to replace the EFL and possibly the Premier League
https://twitter.com/tomreedwriting/stat ... 2967089152" onclick="window.open(this.href);return false;
I have a few issues with this but would love to hear some other views
https://twitter.com/tomreedwriting/stat ... 2967089152" onclick="window.open(this.href);return false;
I have a few issues with this but would love to hear some other views
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Re: Football's Magic Money Tree
For anyone with merely a passing interest in the financial side of football, and with an hour to spare, the linked programme is a fascinating listen. But, and it's a very big but, Dr.Wilson's views on the likes of redistribution of parachute payments, players paying their own Agent's fees etc are simply a theoretical opinion with little to no hope of them ever being implemented in practice.Chester Perry wrote:Radio Sheffield did a special on Football finance last night with special guest @DrRob_Wilson - it was promoted with the following tweet
https://twitter.com/mikemccarthy/status ... 7133082624" onclick="window.open(this.href);return false;
here is the programme on playback from 4:45 in - available for a few days only
https://www.bbc.co.uk/sounds/play/p07kpxzs" onclick="window.open(this.href);return false;
Whilst the risks and rewards remain in place in the PL in particular then owners will continue to seek whatever means are necessary to achieve a place in the promised land for their own respective clubs.
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Re: Football's Magic Money Tree
These guys are chucking serious money at Villa - after issuing £74m of shares in 5 months (see post #2019 http://uptheclarets.com/messageboard/vi ... start=2018" onclick="window.open(this.href);return false;) they have changed the company's constitution so they and issue another £100m worth
https://twitter.com/KieranMaguire/statu ... 8433774592" onclick="window.open(this.href);return false;
At least it is share capital not debt - still they genuinely risk over valuing the club (which does not own it's own ground), they should ask Mike Ashley what trouble that causes
https://twitter.com/KieranMaguire/statu ... 8433774592" onclick="window.open(this.href);return false;
At least it is share capital not debt - still they genuinely risk over valuing the club (which does not own it's own ground), they should ask Mike Ashley what trouble that causes
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Re: Football's Magic Money Tree
As expected - decision delayed until NovemberRoyboyclaret wrote:Wasn't aware of this particular vote by the PL today. Be interesting to see which way it goes, and wonder which method Mike Garlick prefers?.........We clearly called the bluff of the rest of Europe and it failed to work.
https://twitter.com/martynziegler/statu ... 1213918211" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Stories emerging that Middlesbrough (not content with suing Derby over their ground sale) are now suing the EFL for their role in the same
https://twitter.com/sportingintel/statu ... 7624370177" onclick="window.open(this.href);return false;
good luck with that one - I think Gibson has totally lost it
There is a report in the Times - which I can't read (all free articles already used this week)nothing stopping you though
https://www.thetimes.co.uk/article/bd27 ... cb9f989e55" onclick="window.open(this.href);return false;
It has provoked this from @AndyhHolt who thinks it is a bad idea
https://twitter.com/AndyhHolt/status/11 ... 0778748931" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 8217017344" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 3719797762" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 6857127936" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 6857127936" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 9635532800" onclick="window.open(this.href);return false;
@KieranMAguire knows who the winners are
https://twitter.com/KieranMaguire/statu ... 5035580416" onclick="window.open(this.href);return false;
meanwhile the rent Derby are paying for their ground has risen at an alarming rate
https://twitter.com/KieranMaguire/statu ... 8830349312" onclick="window.open(this.href);return false;
https://twitter.com/sportingintel/statu ... 7624370177" onclick="window.open(this.href);return false;
good luck with that one - I think Gibson has totally lost it
There is a report in the Times - which I can't read (all free articles already used this week)nothing stopping you though
https://www.thetimes.co.uk/article/bd27 ... cb9f989e55" onclick="window.open(this.href);return false;
It has provoked this from @AndyhHolt who thinks it is a bad idea
https://twitter.com/AndyhHolt/status/11 ... 0778748931" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 8217017344" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 3719797762" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 6857127936" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 6857127936" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 9635532800" onclick="window.open(this.href);return false;
@KieranMAguire knows who the winners are
https://twitter.com/KieranMaguire/statu ... 5035580416" onclick="window.open(this.href);return false;
meanwhile the rent Derby are paying for their ground has risen at an alarming rate
https://twitter.com/KieranMaguire/statu ... 8830349312" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Steve Gibson appears to be turning into Mr.Angry.........but perhaps with some justification. A bit like Bob Lord all those years ago. Gibson's views don't seem too unlike those of Andy Holt.Chester Perry wrote:Stories emerging that Middlesbrough (not content with suing Derby over their ground sale) are now suing the EFL for their role in the same
https://twitter.com/sportingintel/statu ... 7624370177" onclick="window.open(this.href);return false;
good luck with that one - I think Gibson has totally lost it
There is a report in the Times - which I can't read (all free articles already used this week)nothing stopping you though
https://www.thetimes.co.uk/article/bd27 ... cb9f989e55" onclick="window.open(this.href);return false;
It has provoked this from @AndyhHolt who thinks it is a bad idea
https://twitter.com/AndyhHolt/status/11 ... 0778748931" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 8217017344" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 3719797762" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 6857127936" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 6857127936" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 9635532800" onclick="window.open(this.href);return false;
@KieranMAguire knows who the winners are
https://twitter.com/KieranMaguire/statu ... 5035580416" onclick="window.open(this.href);return false;
meanwhile the rent Derby are paying for their ground has risen at an alarming rate
https://twitter.com/KieranMaguire/statu ... 8830349312" onclick="window.open(this.href);return false;
As for Derby, perhaps they are now have second thoughts about their ground sale with the interest rate on the repayments going up at an alarming rate. Some ten years ago ours at Burnley was a fixed rate and we repaid £330,000 per year which in itself was a serious drain on our resources. 2013 was an important year and milestone for us when we regained ownership of Turf Moor.
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Re: Football's Magic Money Tree
More astonishing facts from @AndyhHolt about the Premier League's puppy dog the EFL
https://twitter.com/AndyhHolt/status/11 ... 8157969410" onclick="window.open(this.href);return false;
who then highlights the consequences of a successful lawsuit from Boro
https://twitter.com/AndyhHolt/status/11 ... 0243586054" onclick="window.open(this.href);return false;
while never forgetting the ongoing legacy of 1992
https://twitter.com/AndyhHolt/status/11 ... 7058641920" onclick="window.open(this.href);return false;
The need for a complete view and authority over the game (Independent regulator?)
https://twitter.com/AndyhHolt/status/11 ... 1518163969" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 8157969410" onclick="window.open(this.href);return false;
who then highlights the consequences of a successful lawsuit from Boro
https://twitter.com/AndyhHolt/status/11 ... 0243586054" onclick="window.open(this.href);return false;
while never forgetting the ongoing legacy of 1992
https://twitter.com/AndyhHolt/status/11 ... 7058641920" onclick="window.open(this.href);return false;
The need for a complete view and authority over the game (Independent regulator?)
https://twitter.com/AndyhHolt/status/11 ... 1518163969" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
It has been quite some time since we have heard from Football Leaks, here a story about one of the cases that led to Chelsea’s transfer ban
- Football Leaks: Why FC Chelsea Parked a Young Player in Cologne
https://www.spiegel.de/international/ze ... 86491.html" onclick="window.open(this.href);return false;
- Football Leaks: Why FC Chelsea Parked a Young Player in Cologne
https://www.spiegel.de/international/ze ... 86491.html" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
More from Football Leaks here - this time Kit deals
The Category-A Principle
How Adidas and Nike Are Cementing Football's Wealth Gap
https://www.spiegel.de/international/ze ... 85541.html" onclick="window.open(this.href);return false;
The Category-A Principle
How Adidas and Nike Are Cementing Football's Wealth Gap
https://www.spiegel.de/international/ze ... 85541.html" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Not sure what has triggered this sudden output after 4 months of silence - but here is another Football Leaks report this time on UEFA payments to the Ukrainian FA being transferred directly by UEFA to the British Virgin Islands
https://www.spiegel.de/international/ze ... 85540.html" onclick="window.open(this.href);return false;
https://www.spiegel.de/international/ze ... 85540.html" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Derby should sue Boro / Gibson for using Gibson's money to inflate Boro's league position for years, including several promotions etc.
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Re: Football's Magic Money Tree
It is certainly going to make the sale of the club more difficult I would think, though with potential bidders looking like this that may be a good thingRoyboyclaret wrote:Steve Gibson appears to be turning into Mr.Angry.........but perhaps with some justification. A bit like Bob Lord all those years ago. Gibson's views don't seem too unlike those of Andy Holt.
As for Derby, perhaps they are now have second thoughts about their ground sale with the interest rate on the repayments going up at an alarming rate. Some ten years ago ours at Burnley was a fixed rate and we repaid £330,000 per year which in itself was a serious drain on our resources. 2013 was an important year and milestone for us when we regained ownership of Turf Moor.
https://www.liverpoolecho.co.uk/sport/f ... s-16900099" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Missed this article from a few days ago re the impossible job in English Football (not a competition winning England team) replacing Richard Scudamore
https://www.independent.co.uk/sport/foo ... 98941.html" onclick="window.open(this.href);return false;
https://www.independent.co.uk/sport/foo ... 98941.html" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Got some time on your hands and have nothing to do? not read enough about the summer transfer window yet? FIFA present their analysis of the Summer transfer window in the Big 5 Leagues
https://www.fifatms.com/wp-content/uplo ... 190911.pdf" onclick="window.open(this.href);return false;
still want more of this kind of thing to look at? well, the first edition of the UEFA Club Competition Landscape Report looks in detail at the 80 clubs who will play in the group stages of this season's UEFA Champions League and UEFA Europa League.
press release https://www.uefa.com/insideuefa/protect ... 22598.html" onclick="window.open(this.href);return false;
Report in:
Interactive digital format - https://www.uefa.com/insideuefa/uefaclublandscape/" onclick="window.open(this.href);return false;
PDF - https://www.uefa.com/MultimediaFiles/Do ... WNLOAD.pdf" onclick="window.open(this.href);return false;
smartphone/tablet friendly version - https://www.dropbox.com/s/1h28mhe32z4yu ... .epub?dl=0" onclick="window.open(this.href);return false;
https://www.fifatms.com/wp-content/uplo ... 190911.pdf" onclick="window.open(this.href);return false;
still want more of this kind of thing to look at? well, the first edition of the UEFA Club Competition Landscape Report looks in detail at the 80 clubs who will play in the group stages of this season's UEFA Champions League and UEFA Europa League.
press release https://www.uefa.com/insideuefa/protect ... 22598.html" onclick="window.open(this.href);return false;
Report in:
Interactive digital format - https://www.uefa.com/insideuefa/uefaclublandscape/" onclick="window.open(this.href);return false;
PDF - https://www.uefa.com/MultimediaFiles/Do ... WNLOAD.pdf" onclick="window.open(this.href);return false;
smartphone/tablet friendly version - https://www.dropbox.com/s/1h28mhe32z4yu ... .epub?dl=0" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Our congratulations go to Hull, the first English club to post it's accounts for the 2018/19 season and we are not yet quite tat the middle of September (at least another 6 months for ours though I suspect) @KieranNMaguire has a gander while travelling to watch Brighton v Burnley
https://twitter.com/KieranMaguire/statu ... 5380200448" onclick="window.open(this.href);return false;
https://twitter.com/KieranMaguire/statu ... 5380200448" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Following Kieran
s initial look - The Price of Football does a deep dive into Hull's Financial results for last season
http://priceoffootball.com/hull-city-20 ... pelganger/" onclick="window.open(this.href);return false;
s initial look - The Price of Football does a deep dive into Hull's Financial results for last season
http://priceoffootball.com/hull-city-20 ... pelganger/" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Fair play to Hull on being the first club to release their financial accounts for the year to Jun'19 and a reasonable set of results they are. Cynics might suggest, however, that the early release coincides with a chance for the Allam family to negotiate with potential investors in a year when the financial picture at the club changes dramatically.Chester Perry wrote:Our congratulations go to Hull, the first English club to post it's accounts for the 2018/19 season and we are not yet quite tat the middle of September (at least another 6 months for ours though I suspect) @KieranNMaguire has a gander while travelling to watch Brighton v Burnley
https://twitter.com/KieranMaguire/statu ... 5380200448" onclick="window.open(this.href);return false;
Previous two years have seen Income include parachute payments of £46m and £40m respectively but they all but disappear completely this year because Hull were relegated in '16/'17 after just one year in the Prem. I think we at Burnley caused Sky to amend that strategy after our poor attempt to stay up in '14/'15.
With a drop therefore of some £33m in Income in this current financial year Hull will find it impossible to make a Profit and the downhill spiral looks certain to continue with them just two places outside the relegation zone currently in the Championship. It can be argued that they failed to make optimum use of those two large parachute payments and are now paying the price, but at least they took the sensible route of reducing Wages in anticipation of parachute payments coming to an end. I think Burnley would follow a similar route in the event of relegation, certainly with our current owners.
In terms of Sky's parachute payment strategy.......I think the likes of Andy Holt have a point in that there should be a more even distribution throughout the EPL to give more clubs the chance of success. At the moment there are 8 or 9 clubs in the Championship receiving large dollops thereby giving them a serious advantage over the rest of gaining promotion back to the promised land.
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Re: Football's Magic Money Tree
As Wolves come to terms with balancing European and domestic football a situation they hope will be a constant, the realisation that they need additional Investment has hit. It seems the owners a looking for a partner willing to take a minority stake.
https://www.expressandstar.com/sport/fo ... ves-stake/" onclick="window.open(this.href);return false;
https://www.expressandstar.com/sport/fo ... ves-stake/" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
So, a minority 20% stake available for £70million?Chester Perry wrote:As Wolves come to terms with balancing European and domestic football a situation they hope will be a constant, the realisation that they need additional Investment has hit. It seems the owners a looking for a partner willing to take a minority stake.
https://www.expressandstar.com/sport/fo ... ves-stake/" onclick="window.open(this.href);return false;
Good luck with that one.
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Re: Football's Magic Money Tree
@SwissRamble does his thing with the Hull 2018/19 financial results
https://twitter.com/SwissRamble/status/ ... 7039844357" onclick="window.open(this.href);return false;
The Allam's doing what Ashley should do at Newcastle - get the loans down to bring the price of the club down - wonder what will happen to the £10m+ from the Harry Maguire sell on
There have been a number of posts on this board in the last couple of years wondering what relegation from the Premier League would look like for us - this isn't too far away from what I would expect, if we failed to make an immediate return (which strangely would likely be harder to do the longer we stay there as players are more likely to try and leave because they see themselves as Premier League and not Championship)
https://twitter.com/SwissRamble/status/ ... 7039844357" onclick="window.open(this.href);return false;
The Allam's doing what Ashley should do at Newcastle - get the loans down to bring the price of the club down - wonder what will happen to the £10m+ from the Harry Maguire sell on
There have been a number of posts on this board in the last couple of years wondering what relegation from the Premier League would look like for us - this isn't too far away from what I would expect, if we failed to make an immediate return (which strangely would likely be harder to do the longer we stay there as players are more likely to try and leave because they see themselves as Premier League and not Championship)
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Re: Football's Magic Money Tree
Matt Slater proffers the most tempting bait to subscribe to The Athletic - it is essentially what this thread is about (and yes he is a Southend Utd fan) - I am sorely tempted
Matt Slater: From live-tweeting in a Portsmouth toilet to being banned by Ken Bates, money talks in football
Look, I’ll be honest. It’s all about the money.
From the moment Blackburn Olympic sneaked past Old Etonians to become the first working-class team to win the FA Cup in 1883, it’s always been about the money.
Professional team sport is a contest between companies. What happens on the pitch is the product of a long chain of choices and the side that has got more of those right, sometimes going back decades and often through blind luck, usually wins.
I’m not interested in real business, don’t like economics and maths had given up on me long before I bailed out — but I have always wanted to know why some teams keep winning and why others are, well, like Southend United.
For example, how did two rainy cities in north-west England, both of which are at least a century off their peak in terms of global significance, produce teams as good as the current editions of Liverpool and Manchester City? Why is one owned by American sports entrepreneurs and the other by Arab royalty? How did English football get so sassy?
And if it’s so great, how come Bury — 10 miles north of Manchester, 30 miles north-east of Liverpool, and twice winners of the FA Cup — have just gone bust? What does that say about the game’s regulators? How healthy is this industry? What can we all do to make things a bit better, for every club?
These questions, and the thousand more they spark, are what I want to answer. So when The Athletic called to say, “Hello, we’re interested in those things, too. Would you like the time, space and support to have the best crack at this you will ever get?”, they had me at “Hello”.
But it’s all about the money in another sense, as well.
I have worked for magazines funded by a Wolf of Wall Street approach to advertising sales, unlikely joint ventures, a news wire that went bust trying to take on established giants, a national institution supported by a compulsory tax and an agency that constantly has to reinvent itself just to stay afloat while customers spring leaks.
They were all a lot of fun, with wonderful people, and some are still fighting a very good fight. But it is getting harder and harder to make the sums add up, which is leading to more stress, less time, fewer risks.
When we reflect on the past, we all tend to gloss over the humdrum stuff we did most of the time – FIFA president Gianni Infantino speeches, whether footballers should wear poppies or not, VAR – and remember the out-of-the-ordinary bits that reminded us why we choose to do what we do.
For me, they would be live-tweeting from the toilet during a Portsmouth creditors’ meeting, passing a Great Escape-style “are you really a journalist?” test to get into a fans’ summit at Crewe, having the temerity to ask Sir Alex Ferguson an actual question during one of his post-defeat monologues, getting banned by former Chelsea owner Ken Bates, covering every cough, spit and time-wasting charlatan during the cash crunches at Plymouth, Charlton, Sheffield Wednesday and Rangers. It’s a long list. A list I expect I will add to here.
I am here to (respectfully) hold the game’s bosses to account, investigate scandals and hopefully tell you something you didn’t know about that thing you have always wondered about.
Will that be enough to tempt you to follow me behind a paywall? Only time will tell.
But I do know the prospect of putting my best work in this glorious shop window and seeing if anyone wants to buy it is both a little bit terrifying and definitely a coin worth flipping.
Matt Slater: From live-tweeting in a Portsmouth toilet to being banned by Ken Bates, money talks in football
Look, I’ll be honest. It’s all about the money.
From the moment Blackburn Olympic sneaked past Old Etonians to become the first working-class team to win the FA Cup in 1883, it’s always been about the money.
Professional team sport is a contest between companies. What happens on the pitch is the product of a long chain of choices and the side that has got more of those right, sometimes going back decades and often through blind luck, usually wins.
I’m not interested in real business, don’t like economics and maths had given up on me long before I bailed out — but I have always wanted to know why some teams keep winning and why others are, well, like Southend United.
For example, how did two rainy cities in north-west England, both of which are at least a century off their peak in terms of global significance, produce teams as good as the current editions of Liverpool and Manchester City? Why is one owned by American sports entrepreneurs and the other by Arab royalty? How did English football get so sassy?
And if it’s so great, how come Bury — 10 miles north of Manchester, 30 miles north-east of Liverpool, and twice winners of the FA Cup — have just gone bust? What does that say about the game’s regulators? How healthy is this industry? What can we all do to make things a bit better, for every club?
These questions, and the thousand more they spark, are what I want to answer. So when The Athletic called to say, “Hello, we’re interested in those things, too. Would you like the time, space and support to have the best crack at this you will ever get?”, they had me at “Hello”.
But it’s all about the money in another sense, as well.
I have worked for magazines funded by a Wolf of Wall Street approach to advertising sales, unlikely joint ventures, a news wire that went bust trying to take on established giants, a national institution supported by a compulsory tax and an agency that constantly has to reinvent itself just to stay afloat while customers spring leaks.
They were all a lot of fun, with wonderful people, and some are still fighting a very good fight. But it is getting harder and harder to make the sums add up, which is leading to more stress, less time, fewer risks.
When we reflect on the past, we all tend to gloss over the humdrum stuff we did most of the time – FIFA president Gianni Infantino speeches, whether footballers should wear poppies or not, VAR – and remember the out-of-the-ordinary bits that reminded us why we choose to do what we do.
For me, they would be live-tweeting from the toilet during a Portsmouth creditors’ meeting, passing a Great Escape-style “are you really a journalist?” test to get into a fans’ summit at Crewe, having the temerity to ask Sir Alex Ferguson an actual question during one of his post-defeat monologues, getting banned by former Chelsea owner Ken Bates, covering every cough, spit and time-wasting charlatan during the cash crunches at Plymouth, Charlton, Sheffield Wednesday and Rangers. It’s a long list. A list I expect I will add to here.
I am here to (respectfully) hold the game’s bosses to account, investigate scandals and hopefully tell you something you didn’t know about that thing you have always wondered about.
Will that be enough to tempt you to follow me behind a paywall? Only time will tell.
But I do know the prospect of putting my best work in this glorious shop window and seeing if anyone wants to buy it is both a little bit terrifying and definitely a coin worth flipping.
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Re: Football's Magic Money Tree
If and when relegation was to happen one big difference between us and Hull is that we would have three years parachute payments compared to just two years for Hull.Chester Perry wrote:@SwissRamble does his thing with the Hull 2018/19 financial results
https://twitter.com/SwissRamble/status/ ... 7039844357" onclick="window.open(this.href);return false;
The Allam's doing what Ashley should do at Newcastle - get the loans down to bring the price of the club down - wonder what will happen to the £10m+ from the Harry Maguire sell on
There have been a number of posts on this board in the last couple of years wondering what relegation from the Premier League would look like for us - this isn't too far away from what I would expect, if we failed to make an immediate return (which strangely would likely be harder to do the longer we stay there as players are more likely to try and leave because they see themselves as Premier League and not Championship)
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Re: Football's Magic Money Tree
that and no debt to bring down - won't make it much easier with the squad or on the field - it is not really in the boards or Dyche's DNA to financially smash it at the first attempt (a la Gibson's boast)Royboyclaret wrote:If and when relegation was to happen one big difference between us and Hull is that we would have three years parachute payments compared to just two years for Hull.
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Re: Football's Magic Money Tree
John Nicholson with a lament for European Club Cup competitions, the need for jeopardy in the matches and highlights the diminishing returns of more money in the game - It must be Monday
https://www.football365.com/news/europe ... -flatulent" onclick="window.open(this.href);return false;
https://www.football365.com/news/europe ... -flatulent" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
following today's news that Prince Abdullah has won the High Court battle for Sheffield United (http://uptheclarets.com/messageboard/vi ... =2&t=41907" onclick="window.open(this.href);return false;) @KieramMaguirre posted the following tweet
https://twitter.com/KieranMaguire/statu ... 9369389056" onclick="window.open(this.href);return false;
I am assuming that £5m is for the shares he did not already own, still a bargain for a top flight club. Still a question mark in my understanding if this includes the ground - which was owned separately.
Also those valuations are done via the Markham Multivariate Model, created at the University of Liverpool where Kieran has his day job, I have previously questioned those valuations (which if done properly rely on a continuous 5 year membership of the top flight, which many of these clubs did not have) and more notably so has the marketplace where Newcastle wanted £350m but were struggling to get offers in the region of £300m
https://twitter.com/KieranMaguire/statu ... 9369389056" onclick="window.open(this.href);return false;
I am assuming that £5m is for the shares he did not already own, still a bargain for a top flight club. Still a question mark in my understanding if this includes the ground - which was owned separately.
Also those valuations are done via the Markham Multivariate Model, created at the University of Liverpool where Kieran has his day job, I have previously questioned those valuations (which if done properly rely on a continuous 5 year membership of the top flight, which many of these clubs did not have) and more notably so has the marketplace where Newcastle wanted £350m but were struggling to get offers in the region of £300m
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Re: Football's Magic Money Tree
Re the last entry - Bramall Lane and other assets now have to be bought by Prince Abdullah as part of the ruling
https://www.bbc.co.uk/news/uk-england-s ... e-49715558" onclick="window.open(this.href);return false;
I am guessing McCabe probably spoken to Mel Morris about who valued Pride Park
Judge values the club at £100m without those key assets - interesting - would love to know how he arrived at those numbers
EDIT The Guardian with more detail and an estimate on the value of those assets (Hillsborough sale was for considerably more than that)
https://www.theguardian.com/football/20 ... e-abdullah" onclick="window.open(this.href);return false;
https://www.bbc.co.uk/news/uk-england-s ... e-49715558" onclick="window.open(this.href);return false;
I am guessing McCabe probably spoken to Mel Morris about who valued Pride Park
Judge values the club at £100m without those key assets - interesting - would love to know how he arrived at those numbers
EDIT The Guardian with more detail and an estimate on the value of those assets (Hillsborough sale was for considerably more than that)
https://www.theguardian.com/football/20 ... e-abdullah" onclick="window.open(this.href);return false;
Last edited by Chester Perry on Mon Sep 16, 2019 7:06 pm, edited 1 time in total.
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Re: Football's Magic Money Tree
Spoken about the beIn/BeOutQ (yes that does mean Be Out Qatar) pirating of Football Broadcasts a few times - but this statement is the first full out accusation from the rights holders against the Saudi's - this is very serious stuff in that part of the world (especially with a Saudi now in full ownership of a Premier League Club
https://apnews.com/653465bd5ee248d2bb26591027510b48" onclick="window.open(this.href);return false;
https://apnews.com/653465bd5ee248d2bb26591027510b48" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Wow, that £398 million valuation of Burnley has certainly caused some controversy and even fury among the fans of the likes of Everton, Leicester & Newcastle who are all valued less than the Clarets. Be interesting to see the actual calculation used by Maguire in arriving at the valuations.Chester Perry wrote:following today's news that Prince Abdullah has won the High Court battle for Sheffield United (http://uptheclarets.com/messageboard/vi ... =2&t=41907" onclick="window.open(this.href);return false;) @KieramMaguirre posted the following tweet
https://twitter.com/KieranMaguire/statu ... 9369389056" onclick="window.open(this.href);return false;
I am assuming that £5m is for the shares he did not already own, still a bargain for a top flight club. Still a question mark in my understanding if this includes the ground - which was owned separately.
Also those valuations are done via the Markham Multivariate Model, created at the University of Liverpool where Kieran has his day job, I have previously questioned those valuations (which if done properly rely on a continuous 5 year membership of the top flight, which many of these clubs did not have) and more notably so has the marketplace where Newcastle wanted £350m but were struggling to get offers in the region of £300m
Chester Perry.......I'm certain we've done our own Burnley valuations on this thread in the past and from recollection that valuation was over £300m........Can you pinpoint the posts on this thread where this was debated ?.........Did we use the Markham Mutivariate Model ?
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Re: Football's Magic Money Tree
Sorry Roy not got the time at the moment - if you go to the top of the page and put club valuation in the search box likely to get close to what you are looking for as it is a thread limited search
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Re: Football's Magic Money Tree
Cheers CP, the main area of debate seems to be in April this year, particularly mid-April (posts 908, 909 & aggi's post 919). At the time we were doubtful of the figure we arrived at for Burnley, but looking at Maguire's current calculations perhaps we weren't too far out after all. Revenue, of course, is the key player and our figure of £139m to Jun'18 will be some £15m more than the figure to Jun'19. On that basis our valuation at Jun'19 could be circa £350million.Chester Perry wrote:Sorry Roy not got the time at the moment - if you go to the top of the page and put club valuation in the search box likely to get close to what you are looking for as it is a thread limited search
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Re: Football's Magic Money Tree
By the way Roy we have seen those valuations earlier in the year - Annual listing from the University of Liverpool - designed to come out just before the selected 32 in the KPMG football club valuation
I have little confidence in the methodology as I have said before and would be stunned if we were valued at 2 times turnover by a legitimate buyer
I have little confidence in the methodology as I have said before and would be stunned if we were valued at 2 times turnover by a legitimate buyer
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Re: Football's Magic Money Tree
Well this doesn't present a good picture for UEFA and it's investigations team does it - from the Times
Uefa financial fair play official Petros Mavroidis quits over treatment of Paris Saint Germain - by Martyn Ziegler, Chief Sports Reporter
September 16 2019, 12:00pm,
One of Uefa’s financial fair play investigators has resigned over the organisation’s handling of its case against Paris Saint Germain.
Petros Mavroidis, a Greek law professor, is understood to be unhappy that Uefa did not mount a defence in the Court of Arbitration for Sport after PSG’s lawyers claimed that the Uefa’s Club Financial Control Body’s (CFCB) adjudicatory panel had missed a ten-day deadline to review the case.
Mavroidis is also believed to have questioned the handling of the FFP case against AC Milan, despite the Italian side being excluded from European competition this season.
Uefa has since changed the wording of its FFP rules to ensure that other clubs do not use the same loophole in the future. Galatasaray, the Turkish club, had already won a CAS ruling on the ten-day deadline – Uefa did not defend that case on the advice of its lawyers and the CFCB’s investigatory chamber, nor the following case brought by PSG in March this year.
Uefa’s initial investigation was to examine whether PSG had flouted rules aimed at preventing clubs from spending more than they generate through revenues. The French club have previously been sanctioned by Uefa for breaching FFP rules, in 2014 when Manchester City were given the same penalty.
City are also involved in a new FFP case which has yet to be ruled on – proceedings were opened after leaked emails suggested the club had provided misleading financial information. City have gone to CAS to challenge the legitimacy of Uefa’s investigation.
Mavroidis, who is also a professor at Columbia Law School in New York, was due to step down as an investigator at the end of the season anyway as his term was up. It is believed he was unhappy with the approaches to both the Galatasaray and the PSG hearings.
Mavroidis refused to comment to The Times, saying: “I would not like to speak in public about my involvement with a Uefa committee.”
In June 2018, the CFCB’s investigatory panel had recommended that Uefa close an investigation into PSG’s finances in the three years running up to the summer of 2017, before the club signed Neymar and Kylian Mbappe. That recommendation was not unanimous however, with some of the investigators including Mavroidis believing the panel should have recommended opening proceedings.
In September, the CFCB adjudicatory panel reviewed the PSG decision and said it should go back for further investigation – the court ruled however that was outside a ten-day deadline for a review stated in the rules.
Since the outcome of the CAS hearing, Uefa has clarified its rules so that the adjudicatory panel now has 10 days to call in a case and 20 days to review it.
Uefa has since said that it has no existing investigations open against PSG. All clubs in European competition have to show they are breaking even over a rolling three-year period.
In its ruling on PSG in March, CAS said: “The review conducted by the adjudicatory chamber should have taken place within ten days and that since the challenged decision was issued beyond the ten-day time limit, the challenged decision was untimely and must be annulled.”
Uefa financial fair play official Petros Mavroidis quits over treatment of Paris Saint Germain - by Martyn Ziegler, Chief Sports Reporter
September 16 2019, 12:00pm,
One of Uefa’s financial fair play investigators has resigned over the organisation’s handling of its case against Paris Saint Germain.
Petros Mavroidis, a Greek law professor, is understood to be unhappy that Uefa did not mount a defence in the Court of Arbitration for Sport after PSG’s lawyers claimed that the Uefa’s Club Financial Control Body’s (CFCB) adjudicatory panel had missed a ten-day deadline to review the case.
Mavroidis is also believed to have questioned the handling of the FFP case against AC Milan, despite the Italian side being excluded from European competition this season.
Uefa has since changed the wording of its FFP rules to ensure that other clubs do not use the same loophole in the future. Galatasaray, the Turkish club, had already won a CAS ruling on the ten-day deadline – Uefa did not defend that case on the advice of its lawyers and the CFCB’s investigatory chamber, nor the following case brought by PSG in March this year.
Uefa’s initial investigation was to examine whether PSG had flouted rules aimed at preventing clubs from spending more than they generate through revenues. The French club have previously been sanctioned by Uefa for breaching FFP rules, in 2014 when Manchester City were given the same penalty.
City are also involved in a new FFP case which has yet to be ruled on – proceedings were opened after leaked emails suggested the club had provided misleading financial information. City have gone to CAS to challenge the legitimacy of Uefa’s investigation.
Mavroidis, who is also a professor at Columbia Law School in New York, was due to step down as an investigator at the end of the season anyway as his term was up. It is believed he was unhappy with the approaches to both the Galatasaray and the PSG hearings.
Mavroidis refused to comment to The Times, saying: “I would not like to speak in public about my involvement with a Uefa committee.”
In June 2018, the CFCB’s investigatory panel had recommended that Uefa close an investigation into PSG’s finances in the three years running up to the summer of 2017, before the club signed Neymar and Kylian Mbappe. That recommendation was not unanimous however, with some of the investigators including Mavroidis believing the panel should have recommended opening proceedings.
In September, the CFCB adjudicatory panel reviewed the PSG decision and said it should go back for further investigation – the court ruled however that was outside a ten-day deadline for a review stated in the rules.
Since the outcome of the CAS hearing, Uefa has clarified its rules so that the adjudicatory panel now has 10 days to call in a case and 20 days to review it.
Uefa has since said that it has no existing investigations open against PSG. All clubs in European competition have to show they are breaking even over a rolling three-year period.
In its ruling on PSG in March, CAS said: “The review conducted by the adjudicatory chamber should have taken place within ten days and that since the challenged decision was issued beyond the ten-day time limit, the challenged decision was untimely and must be annulled.”
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Re: Football's Magic Money Tree
This could make things in Italy interesting - the worlds 2nd richest man apparently wants to buy AC Milan
https://www.dailymail.co.uk/sport/footb ... t-man.html" onclick="window.open(this.href);return false;
With a resurgent Inter, a strong Roma and Napoli already challenging Juventus on and off the field (including building their own stadiums the level of competition could increase to that which Gianni Agnelli keeps saying he wants (how will he cope with not winning Serie A though.
https://www.dailymail.co.uk/sport/footb ... t-man.html" onclick="window.open(this.href);return false;
With a resurgent Inter, a strong Roma and Napoli already challenging Juventus on and off the field (including building their own stadiums the level of competition could increase to that which Gianni Agnelli keeps saying he wants (how will he cope with not winning Serie A though.