Football's Magic Money Tree

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Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Sep 10, 2019 5:45 pm

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Sep 11, 2019 12:32 am

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;
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

Post by Chester Perry » Wed Sep 11, 2019 12:37 am

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Sep 11, 2019 4:05 pm

@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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Sep 11, 2019 4:43 pm

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;
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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Sep 11, 2019 4:46 pm

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Sep 11, 2019 5:05 pm

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Sep 11, 2019 5:19 pm

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;
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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Sep 11, 2019 5:25 pm

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Sep 12, 2019 9:59 am

@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

Post by Chester Perry » Thu Sep 12, 2019 10:06 am

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;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Thu Sep 12, 2019 10:30 am

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;
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.

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Sep 12, 2019 10:34 am

@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

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Sep 12, 2019 11:09 am

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Sep 12, 2019 11:12 am

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Sep 12, 2019 11:17 am

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Sep 12, 2019 12:32 pm

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Sep 12, 2019 12:47 pm

@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

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Re: Football's Magic Money Tree

Post by Royboyclaret » Thu Sep 12, 2019 1:02 pm

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;
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.

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

Post by Chester Perry » Thu Sep 12, 2019 1:05 pm

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Sep 12, 2019 1:31 pm

Royboyclaret 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.
As expected - decision delayed until November

https://twitter.com/martynziegler/statu ... 1213918211" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Sep 13, 2019 12:33 am

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;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Fri Sep 13, 2019 9:58 am

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;
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.

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Sep 13, 2019 10:17 am

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Sep 13, 2019 10:28 am

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Sep 13, 2019 10:31 am

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Sep 13, 2019 10:35 am

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;

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Fri Sep 13, 2019 10:37 am

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

Post by Chester Perry » Fri Sep 13, 2019 10:45 am

Royboyclaret 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.
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 thing

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

Post by Chester Perry » Fri Sep 13, 2019 1:54 pm

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Sep 13, 2019 4:12 pm

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Sep 14, 2019 2:18 pm

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Sep 14, 2019 11:51 pm

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;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Sun Sep 15, 2019 11:42 am

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;
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.

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

Post by Chester Perry » Sun Sep 15, 2019 9:23 pm

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;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Sun Sep 15, 2019 11:08 pm

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;
So, a minority 20% stake available for £70million?

Good luck with that one.

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Sep 16, 2019 10:05 am

@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

Post by Chester Perry » Mon Sep 16, 2019 11:04 am

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.

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Re: Football's Magic Money Tree

Post by Royboyclaret » Mon Sep 16, 2019 11:11 am

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)
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

Post by Chester Perry » Mon Sep 16, 2019 11:15 am

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.
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)

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Sep 16, 2019 11:41 am

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;

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Sep 16, 2019 4:17 pm

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Sep 16, 2019 4:37 pm

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;
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

Post by Chester Perry » Mon Sep 16, 2019 6:30 pm

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;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Mon Sep 16, 2019 6:39 pm

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
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.......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

Post by Chester Perry » Mon Sep 16, 2019 7:10 pm

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

Post by Royboyclaret » Mon Sep 16, 2019 7:49 pm

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
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.

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Sep 16, 2019 11:57 pm

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Sep 17, 2019 12:02 am

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.”

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Sep 17, 2019 10:30 am

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.

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