Football's Magic Money Tree
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Re: Football's Magic Money Tree
Martin Samuel had never been known as a shrinking violet - in his latest column he savages first Andrea Agnelli then UEFA/Aleksander Cefrin - he has been slow to the rise (Agnelli has been consistent with his public thoughts for more than 2 years now)
https://www.dailymail.co.uk/sport/footb ... snake.html
https://www.dailymail.co.uk/sport/footb ... snake.html
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Re: Football's Magic Money Tree
You know what they say about being careful what you wish for - there is growing speculation that Charlton are on the point of administration as the club's primary backer withdraws funding due to a breakdown with the rest of the board
https://www.bbc.co.uk/sport/football/51814659
the Chairman's statement in full https://www.cafc.co.uk/news/view/5e66d3 ... t-southall
https://www.bbc.co.uk/sport/football/51814659
the Chairman's statement in full https://www.cafc.co.uk/news/view/5e66d3 ... t-southall
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Re: Football's Magic Money Tree
This has just appeared on the official Charlton site
https://www.cafc.co.uk/news/view/5e6765 ... e-chairman
https://www.cafc.co.uk/news/view/5e6765 ... e-chairman
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Re: Football's Magic Money Tree
Today is the EFL's annual day of action - you may think it only comes in a leap year, but it does not - once in every 365/366 days the EFL actually does something
https://www.efl.com/news/2020/march/efl ... mmunities/
you can even follow it here in a live blog https://www.efl.com/news/2020/march/liv ... of-action/
what you won't find is the publication in to the review on the EFL's own governance or how it managed the Bury FC situation - obviously that requires too much action even though it is getting on for 2 weeks since they announced it being complete and discussed at a members meeting
https://www.efl.com/news/2020/march/efl ... mmunities/
you can even follow it here in a live blog https://www.efl.com/news/2020/march/liv ... of-action/
what you won't find is the publication in to the review on the EFL's own governance or how it managed the Bury FC situation - obviously that requires too much action even though it is getting on for 2 weeks since they announced it being complete and discussed at a members meeting
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Re: Football's Magic Money Tree
BBC Sport catch up with the problem of EFL games played behind closed doors, even though @AndyhHolt was interviewed on the subject over 24 hours ago on Radio 4
https://www.bbc.co.uk/sport/football/51804544
https://www.bbc.co.uk/sport/football/51804544
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Re: Football's Magic Money Tree
@KieranMaguire tries to workout what the loss of Matchday Income means in real terms for the pyramid by division (in anticipation of having to play behind closed doors)
https://twitter.com/KieranMaguire/statu ... 2211557376
https://twitter.com/KieranMaguire/statu ... 2211557376
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Re: Football's Magic Money Tree
@KieranMaguire looks at Middlesbrough's 2018/19 financial results (they were announced 4 weeks ago but have just appeared at Companies House)- selling players balanced the operating losses - with the prospect of more losses to come following this seasons dire performance in the league
https://twitter.com/KieranMaguire/statu ... 7294687232
full accounts https://beta.companieshouse.gov.uk/comp ... ng-history
https://twitter.com/KieranMaguire/statu ... 7294687232
full accounts https://beta.companieshouse.gov.uk/comp ... ng-history
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Re: Football's Magic Money Tree
@SwissRamble looks at Aston Villa's accounts which were published last week
https://twitter.com/SwissRamble/status/ ... 8136159232
this is mind boggling (even though I kind of new it)
" The owners put in £175m up to May 2019 plus £87m subsequent to year-end, so £262m in total."
https://twitter.com/SwissRamble/status/ ... 8136159232
this is mind boggling (even though I kind of new it)
" The owners put in £175m up to May 2019 plus £87m subsequent to year-end, so £262m in total."
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Re: Football's Magic Money Tree
What we are starting to see in the Championship is an unintended consequence of FFP/Profit and Sustainability rules.
Clubs like Middlesbrough and Stoke wanting to "smash" the division with their Parachute money and profits from sales of players who do not want to play outside the Premier League. So they rapidly rebuild teams by buying up the previous years top players, paying inflated prices because they can (at that point) and because that is the only way the selling club will part with them.
Those teams do not always gel, it often becomes rapidly clear that players were not worth the price paid, the team fail to get promoted, the manager gets sacked, cost cutting forces sales - but other clubs want to buy the players that are performing well for you, The ones the club wants rid of, the price people want to pay would leave the club with a negative P&S as it is considerably less than the amortised book value.
As we saw in the Stoke City fans forum on Monday https://www.youtube.com/watch?v=U28aPW5-ZHg - from 6:00 min in
Certainly Stoke are not happy about it as is made abundantly clear in that link. It slows down their ability to regroup and go again - which is painful for all concerned - what is does do though is re-enforce the underlying purpose of these rules - that clubs should be more considered, proactive and strategic in their outlook rather than reactive as that makes them much more sustainable over the long term.
You will also notice that there is a trend that this scenario occurs when clubs have a rapid turnover of managers - each of whom has been allowed to bring in the players they want rather than having a long term plan
Clubs like Middlesbrough and Stoke wanting to "smash" the division with their Parachute money and profits from sales of players who do not want to play outside the Premier League. So they rapidly rebuild teams by buying up the previous years top players, paying inflated prices because they can (at that point) and because that is the only way the selling club will part with them.
Those teams do not always gel, it often becomes rapidly clear that players were not worth the price paid, the team fail to get promoted, the manager gets sacked, cost cutting forces sales - but other clubs want to buy the players that are performing well for you, The ones the club wants rid of, the price people want to pay would leave the club with a negative P&S as it is considerably less than the amortised book value.
As we saw in the Stoke City fans forum on Monday https://www.youtube.com/watch?v=U28aPW5-ZHg - from 6:00 min in
Certainly Stoke are not happy about it as is made abundantly clear in that link. It slows down their ability to regroup and go again - which is painful for all concerned - what is does do though is re-enforce the underlying purpose of these rules - that clubs should be more considered, proactive and strategic in their outlook rather than reactive as that makes them much more sustainable over the long term.
You will also notice that there is a trend that this scenario occurs when clubs have a rapid turnover of managers - each of whom has been allowed to bring in the players they want rather than having a long term plan
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Re: Football's Magic Money Tree
Anyone read this and able to transcribe (The Telegraph have changed their viewing model) - Exclusive interview: Mino Raiola - Why I am going to war with Fifa
https://www.telegraph.co.uk/football/20 ... -war-fifa/
teaming up with that other paragon of virtue Jorge Mendes
https://www.telegraph.co.uk/football/20 ... -war-fifa/
teaming up with that other paragon of virtue Jorge Mendes
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Re: Football's Magic Money Tree
@MiguelDelaney highlights just some of the issues now being faced by football as corona virus continues to spread
https://www.independent.co.uk/sport/foo ... 94321.html
if the season is cancelled with no promotion or relegation do you think Norwich, Villa, Bournemouth, Brighton and West Ham will be stronger next season after a summer transfer window? - should we allow a transfer window if seasons are cancelled?
https://www.independent.co.uk/sport/foo ... 94321.html
if the season is cancelled with no promotion or relegation do you think Norwich, Villa, Bournemouth, Brighton and West Ham will be stronger next season after a summer transfer window? - should we allow a transfer window if seasons are cancelled?
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Re: Football's Magic Money Tree
the EFL have finally released their Governance and Bury FC reviews - though this might happen today with all the speculation about a shutdown
https://www.efl.com/-more/governance/reviews/
The Governance Review - https://www.efl.com/siteassets/image/20 ... review.pdf
The Bury Review - https://www.efl.com/siteassets/image/20 ... at-pro.pdf
The Guardian with it's take
https://www.theguardian.com/football/20 ... les-review
https://www.efl.com/-more/governance/reviews/
The Governance Review - https://www.efl.com/siteassets/image/20 ... review.pdf
The Bury Review - https://www.efl.com/siteassets/image/20 ... at-pro.pdf
The Guardian with it's take
https://www.theguardian.com/football/20 ... les-review
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Re: Football's Magic Money Tree
I have been saying for some time that Southampton had financial problems - today they announced their results and joined the growing trend of not actually publishing them yet - so they can attempt to manage the "news"
https://www.southamptonfc.com/news/2020 ... lts-201819
@KieranMaguire attempts to decipher what they have shared so far which as planned isn't very much
https://twitter.com/KieranMaguire/statu ... 2750119936
https://www.southamptonfc.com/news/2020 ... lts-201819
@KieranMaguire attempts to decipher what they have shared so far which as planned isn't very much
https://twitter.com/KieranMaguire/statu ... 2750119936
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Re: Football's Magic Money Tree
Are friends at vysble with a few words of warning regarding the threat coraona virus has to English football (and it is only looking at the top two divisions - much greater impact below I fear
https://twitter.com/vysyble/status/1238068571680452609
meanwhile SPL clubs are very worried
https://www.dailyrecord.co.uk/sport/foo ... s-21676495
https://twitter.com/vysyble/status/1238068571680452609
meanwhile SPL clubs are very worried
https://www.dailyrecord.co.uk/sport/foo ... s-21676495
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Re: Football's Magic Money Tree
UEFA stalls its club competitions and share prices of clubs collapse (along with the rest of the markets)
https://www.bbc.co.uk/sport/football/51870540
Man Utd https://twitter.com/vysyble/status/1238143137136160776
Juventus https://twitter.com/KieranMaguire/statu ... 9502687232
https://www.bbc.co.uk/sport/football/51870540
Man Utd https://twitter.com/vysyble/status/1238143137136160776
Juventus https://twitter.com/KieranMaguire/statu ... 9502687232
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Re: Football's Magic Money Tree
An article outlining the legal implications facing English clubs in the pyramid as Corona Virus makes it's presence increasingly felt
https://www.brabners.com/blogs/coronavi ... s-prepared
https://www.brabners.com/blogs/coronavi ... s-prepared
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Re: Football's Magic Money Tree
Question - Do you think a corona virus will help Man City to play Champions League football next season or not?
My thinking is that it will delay the appeals process so City will get to play on a technicality
My thinking is that it will delay the appeals process so City will get to play on a technicality
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Re: Football's Magic Money Tree
And so the Legal wrangling commences - BT Sport refusing refunds following suspension of the season
https://www.theguardian.com/football/20 ... are_btn_tw
https://www.theguardian.com/football/20 ... are_btn_tw
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Re: Football's Magic Money Tree
Meanwhile it is confirmed that the Pilot of the doomed Sala flight had not completed night time flight training, was not commercially qualified and his plane was not licensed for commercial flights - investigators found that all of this was a regular scenario in sport - there will be a major shake-up and tightening of practices no doubt
https://www.theguardian.com/football/20 ... sed-to-fly
https://www.theguardian.com/football/20 ... sed-to-fly
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Re: Football's Magic Money Tree
@AndyhHolt has just written a column for the Telegraph - he does it on an ad-hoc basis - I would appreciate it if someone would transcribe
https://www.telegraph.co.uk/football/20 ... secondary/
https://www.telegraph.co.uk/football/20 ... secondary/
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Re: Football's Magic Money Tree
This Bloomberg piece highlights just how much money could be taken out of European football - for TV rights alone - following the suspension of the game. It also highlights that is probably not in the interests of anyone who wants to see the game survive to claim a refund
https://www.bloomberg.com/news/articles ... cer-season
https://www.bloomberg.com/news/articles ... cer-season
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Re: Football's Magic Money Tree
So I was pondering something today.
I know our wage bill is more than covered by the Sky money, but does that money cover all of our running costs?
I'm curious because other clubs have wage bills alone that exceed the TV money, plus other running costs on top.
Just wondering if our prudent approach will be our saviour with no matchday revenue.
I know our wage bill is more than covered by the Sky money, but does that money cover all of our running costs?
I'm curious because other clubs have wage bills alone that exceed the TV money, plus other running costs on top.
Just wondering if our prudent approach will be our saviour with no matchday revenue.
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Re: Football's Magic Money Tree
Our financial results to Jun'19 will not be released until the first week in April, but the previous years' results clearly indicate that all costs are covered by the Broadcast Income. In the figures to Jun'18 TV money amounted to £121.5m with Wages at £81.6m.GodIsADeeJay81 wrote: ↑Fri Mar 13, 2020 9:26 pmSo I was pondering something today.
I know our wage bill is more than covered by the Sky money, but does that money cover all of our running costs?
I'm curious because other clubs have wage bills alone that exceed the TV money, plus other running costs on top.
Just wondering if our prudent approach will be our saviour with no matchday revenue.
Other costs, including Overheads, Player Amortisation and Depreciation totalled £43m, but Total Income was boosted by £5.6m in Matchday receipts and £11.9m in Commercial revenue. The final Net Profit was also boosted that year by a Profit on Sale of Keane & Gray of £30.9m
The numbers will be somewhat different to Jun'19 but if you look on page 62 of this thread Chester and myself have attempted to provide as realistic as possible a set of figures for the last financial year. Hope that answers your query.
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Re: Football's Magic Money Tree
we will do better than most that is for sure (the benefit of the bonus structure) if the season is declared void and the TV rights distributors demand recompense for the quarter of season not played - assume we just got the £95 - £100m from Central distributionGodIsADeeJay81 wrote: ↑Fri Mar 13, 2020 9:26 pmSo I was pondering something today.
I know our wage bill is more than covered by the Sky money, but does that money cover all of our running costs?
I'm curious because other clubs have wage bills alone that exceed the TV money, plus other running costs on top.
Just wondering if our prudent approach will be our saviour with no matchday revenue.
- there will be no merit payments (which we pay as bonus) our basic salary will be around £65m
- better still that portion of Premier League rights income could be used as refund to the rights owners
- our matchday income is so low that losing a quarter of it (less than £1.75m) is negligible (which assumes a retained income of close to £5m)
- similar with commercial income (a quarter will be around £3 - £4m) (which assumes a retained income of £9m +)
we could still turn a profit
Re: Football's Magic Money Tree
Should have invested in a manager!Chester Perry wrote: ↑Wed Mar 11, 2020 10:15 am@SwissRamble looks at Aston Villa's accounts which were published last week
https://twitter.com/SwissRamble/status/ ... 8136159232
this is mind boggling (even though I kind of new it)
" The owners put in £175m up to May 2019 plus £87m subsequent to year-end, so £262m in total."
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Re: Football's Magic Money Tree
Ian, the word on the street suggests this enforced PL shutdown has merely delayed his departure from Villa. We'll see in the fullness of time if there's any truth in that.
As Chester P alludes to, some of the financial figures coming out of Villa almost beggar belief.
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Re: Football's Magic Money Tree
I will add that the termination of the season and the refunds mentioned would do serious damage to our cash held position which we have been building for a rainy day - which was really meant for relegation.Chester Perry wrote: ↑Fri Mar 13, 2020 9:51 pmwe will do better than most that is for sure (the benefit of the bonus structure) if the season is declared void and the TV rights distributors demand recompense for the quarter of season not played - assume we just got the £95 - £100m from Central distribution
- there will be no merit payments (which we pay as bonus) our basic salary will be around £65m
- better still that portion of Premier League rights income could be used as refund to the rights owners
- our matchday income is so low that losing a quarter of it (less than £1.75m) is negligible (which assumes a retained income of close to £5m)
- similar with commercial income (a quarter will be around £3 - £4m) (which assumes a retained income of £9m +)
we could still turn a profit
As for the summer transfer window (particularly following a summer of no promotion) Those who have ready cash are going to be able to negotiate some good deals with clubs in the EFL who are struggling financially - a proper opportunity to be a predator/lifesaver in one swoop
Another thing to note is that if seasons are cancelled across Europe, many will be thankful that FFP has been in place for so long as the impact will be much less than it once would have been.
I also suspect that some really big clubs will be in danger (Barcelona, Real Madrid and AC Milan come to mind) if the season is stopped and declared void and rights holders request refunds. Remember in June both Barca and Real make a 6 month wages payment(with bonuses) that obliterates their trumpeted cash held positions of a few days before in their accounts
Last edited by Chester Perry on Fri Mar 13, 2020 10:38 pm, edited 1 time in total.
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Re: Football's Magic Money Tree
Thank you both Roy and Chester.
It would indeed seem like our prudent approach will be our saviour this season regardless of what happens.
Going to be interesting to see what happens with the other clubs.
It would indeed seem like our prudent approach will be our saviour this season regardless of what happens.
Going to be interesting to see what happens with the other clubs.
Re: Football's Magic Money Tree
Let's hope football and normal life resumes, intact.
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Re: Football's Magic Money Tree
Have to say, in terms of the current shutdown, I'm much less pessimistic than Chester P regarding the season's outcome. I'm of the mind that the final nine games will ultimately be played no matter when the season eventually has to finish. There's far too much at stake for the powers such as Liverpool and Leeds for matters to be left open-ended. If that turns out to be the case then no refunds will be due to the TV companies and we will be paid for the season in full, albeit in stage payments.GodIsADeeJay81 wrote: ↑Fri Mar 13, 2020 10:38 pmThank you both Roy and Chester.
It would indeed seem like our prudent approach will be our saviour this season regardless of what happens.
Going to be interesting to see what happens with the other clubs.
Just another word regarding our Total Income GodIsADeeJay...........Our matchday receipts of £5.6m within a total Income of £139m represents a mere 4% and if we had to play behind closed doors all season we would hardly feel a financial ripple. Compare that to the likes of Accy Stanley and Rochdale further down the pyramid where their matchday income is nearer to 75%. Not difficult to see therefore why these clubs will be in serious trouble whilst our prudent approach and our PL status will mean no problems at all for Burnley.
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Re: Football's Magic Money Tree
Roy I wouldn't say pessimistic - just looking at the worst case scenario - I agree that Leeds and Liverpool (amongst others) will be pushing like mad for a finish to the season, so much riding on it especially for those Championship promotion/Champions League spots, there is no alternative to declaring a result for the season without playing the games though and that is showing an increasing possibility of not happening - remember the rules are agreed before the season starts. Every approach that does not involve playing out the season (including voiding it ) will see a mass of litigation of that we can be sure.Royboyclaret wrote: ↑Fri Mar 13, 2020 11:05 pmHave to say, in terms of the current shutdown, I'm much less pessimistic than Chester P regarding the season's outcome. I'm of the mind that the final nine games will ultimately be played no matter when the season eventually has to finish. There's far too much at stake for the powers such as Liverpool and Leeds for matters to be left open-ended. If that turns out to be the case then no refunds will be due to the TV companies and we will be paid for the season in full, albeit in stage payments.
Just another word regarding our Total Income GodIsADeeJay...........Our matchday receipts of £5.6m within a total Income of £139m represents a mere 4% and if we had to play behind closed doors all season we would hardly feel a financial ripple. Compare that to the likes of Accy Stanley and Rochdale further down the pyramid where their matchday income is nearer to 75%. Not difficult to see therefore why these clubs will be in serious trouble whilst our prudent approach and our PL status will mean no problems at all for Burnley.
Wonder how much stronger Norwich, Villa, Bournemouth, West Ham and Brighton will be next season if none are relegated
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Re: Football's Magic Money Tree
This story is popping up in a few places - FA Chief believes that the season will not be completed - this is what led to my response earlier
https://www.dailymail.co.uk/sport/sport ... eason.html
https://www.dailymail.co.uk/sport/sport ... eason.html
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Re: Football's Magic Money Tree
This article in the Guardian highlights some of the issues facing the games authorities
https://www.theguardian.com/football/20 ... ds-to-halt
https://www.theguardian.com/football/20 ... ds-to-halt
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Re: Football's Magic Money Tree
An informative legal article that focuses on the issue of refunds at all levels following todays suspension of football
https://www.sportslawbulletin.org/coron ... e-majeure/
https://www.sportslawbulletin.org/coron ... e-majeure/
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Re: Football's Magic Money Tree
I am going to revise that Tv revenue figure downwards - It is estimated that the rights distributors could claim refunds north of £750m if the season is cancelled - given the number of people indicating on this board that they are about to cancel subscriptions/demand refunds (on this board alone) then they will be forced to demand refunds from the Premier League. In that scenario I reckon we will get around £70m from TV income - that will guarantee a loss when we add in amortisation (around £35m) and general maintenance.Chester Perry wrote: ↑Fri Mar 13, 2020 9:51 pmwe will do better than most that is for sure (the benefit of the bonus structure) if the season is declared void and the TV rights distributors demand recompense for the quarter of season not played - assume we just got the £95 - £100m from Central distribution
- there will be no merit payments (which we pay as bonus) our basic salary will be around £65m
- better still that portion of Premier League rights income could be used as refund to the rights owners
- our matchday income is so low that losing a quarter of it (less than £1.75m) is negligible (which assumes a retained income of close to £5m)
- similar with commercial income (a quarter will be around £3 - £4m) (which assumes a retained income of £9m +)
we could still turn a profit
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Re: Football's Magic Money Tree
It is useful when your best mate is a multi-billionaire - Everton may do what Tottenham have failed to do (even though they are on the major flightpaths over London and also host NFL games) and get a £200m naming rights deal for their Bramley Dock from the same guy who pays more to sponsor the training ground than they get from their shirt sponsor - Is it only me that finds that dodgy
https://www.dailymail.co.uk/sport/footb ... -Dock.html
https://www.dailymail.co.uk/sport/footb ... -Dock.html
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Re: Football's Magic Money Tree
@KieranMaguire with an article about the financial implications of the suspension of football
https://www.dailymail.co.uk/sport/footb ... l#comments
there is quite a lot in here I disagree with particularly relating to the Cash positions of the Premier League clubs, he should look at the operating profits and overall losses like he did for the Championship
While the notion of a cash bailout is a solid one (he has upped it by £50k a club since first propositioning the idea during the week) you just know that the Premier League will use it to get their own way at some point in the future
https://www.dailymail.co.uk/sport/footb ... l#comments
there is quite a lot in here I disagree with particularly relating to the Cash positions of the Premier League clubs, he should look at the operating profits and overall losses like he did for the Championship
While the notion of a cash bailout is a solid one (he has upped it by £50k a club since first propositioning the idea during the week) you just know that the Premier League will use it to get their own way at some point in the future
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Re: Football's Magic Money Tree
@KieranMaguire does better in this article about the upcoming hearing for Sheffield Wednesday
https://www.examinerlive.co.uk/sport/sh ... t-17927410
https://www.examinerlive.co.uk/sport/sh ... t-17927410
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Re: Football's Magic Money Tree
@SportingIntel in the Mail looking at the positions of Sky and BT following the sporting calendar suspension
https://www.mailonsunday.co.uk/sport/sp ... virus.html
https://www.mailonsunday.co.uk/sport/sp ... virus.html
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Re: Football's Magic Money Tree
I said it might happen - CAS is starting to build a backlog of cases as a result of corona virus - it could delay the Man City hearing
https://www.independent.co.uk/sport/foo ... 02256.html
https://www.independent.co.uk/sport/foo ... 02256.html
Re: Football's Magic Money Tree
I'd just like to begin by saying that I think we, UTC users, are very fortunate to have two gentlemen (Chester and Royboyclaret) on here who:
a) know about finance per se;
b) are "measured" and "serious"
They use their knowledge to help those of with far more limited financial understanding to get a sound overview of our own club's situation and the game in general.
And, my thanks goes to them.
Clearly, predicting the future for anybody is impossible because nobody knows how long this crisis will continue. Hence, the need for caution as well as"best case" and "worst case" scenarios (as is the case for all business sectors and all individual companies).
FWIW I tend to agree with Royboyclaret that every effort will be made to finish the season even in empty grounds. The total lack of atmosphere will impact viewing figures but people will still watch especially after several weeks without live football (IMHO).
.
a) know about finance per se;
b) are "measured" and "serious"
They use their knowledge to help those of with far more limited financial understanding to get a sound overview of our own club's situation and the game in general.
And, my thanks goes to them.
Clearly, predicting the future for anybody is impossible because nobody knows how long this crisis will continue. Hence, the need for caution as well as"best case" and "worst case" scenarios (as is the case for all business sectors and all individual companies).
FWIW I tend to agree with Royboyclaret that every effort will be made to finish the season even in empty grounds. The total lack of atmosphere will impact viewing figures but people will still watch especially after several weeks without live football (IMHO).
.
These 3 users liked this post: GodIsADeeJay81 Stanbill05 levraiclaret
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Re: Football's Magic Money Tree
@SwissRamble looks at Cardiff City's 2018/19 financial results
https://twitter.com/SwissRamble/status/ ... 7715894272
https://twitter.com/SwissRamble/status/ ... 7715894272
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Re: Football's Magic Money Tree
The Price of Football Podcast with a Corona virus special - https://podcasts.google.com/?feed=aHR0c ... IBhAE&ep=6
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Re: Football's Magic Money Tree
It is that time of year again - The annual workers welfare progress report in Qatar re their world cup preparations - they are still not implementing the reforms promised and people are still dying
https://www.theguardian.com/global-deve ... -six-years
the full report https://www.qatar2022.qa/sites/default/ ... 019-EN.pdf
https://www.theguardian.com/global-deve ... -six-years
the full report https://www.qatar2022.qa/sites/default/ ... 019-EN.pdf
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Re: Football's Magic Money Tree
I have posted advisory legal documents about Governing bodies, rights holders and clubs so it is only fair that here should now be one for the individuals or talent
https://www.linkedin.com/pulse/coronavi ... OpNQ%3D%3D
https://www.linkedin.com/pulse/coronavi ... OpNQ%3D%3D
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Re: Football's Magic Money Tree
That Price of football podcast is likely to have created the mantra for al football fans who take an interest in their clubs (and games) future viability, stability and sustainability.
"Revenue Is vanity, profit is sanity but cashflow is reality"
It is something I have been keen on (@AndyhHolt bangs on about it), and it would appear to be the same for our club's board too - long may it continue
"Revenue Is vanity, profit is sanity but cashflow is reality"
It is something I have been keen on (@AndyhHolt bangs on about it), and it would appear to be the same for our club's board too - long may it continue
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Re: Football's Magic Money Tree
Just been reading the Premier Leagues rules on insolvency - subject to a worst case scenario of no football for a year, this season being played out from March next year and the 20/21 season not occurring at all - It is likely in such a scenario some clubs may have to/choose to take the insolvency route (Administration/CVA) to manage their liabilities - to me this looks like the key section here
E.40. Upon a Club or its Parent Undertaking suffering an Event of Insolvency the Board shall have the power to impose upon the Club a deduction of nine points scored or to be scored in the League competition. If the Board exercises this power it shall forthwith give written notice to the Club to that effect.
E.41. Subject to Rule E.42, the Club may appeal against the deduction of points by sending or delivering to the Board Form 4 so that it receives the same together with a deposit of £1,000 within seven days of the date of the notice given under the provisions of Rule E.40.
E.42. The only ground upon which a Club may appeal in accordance with Rule E.41 is that: E.42.1. the Event of Insolvency was caused by and resulted directly from circumstances, other than normal business risks, over which it could not reasonably be expected to have had control; and E.42.2. its Officials had used all due diligence to avoid the happening of such circumstances.
I believe clubs could manage their financial loss through administration and stay in the league with minimal points loss in the circumstances described above.
Not advocating it for a second and I would prefer to see other measures including big wage earners taking deferments on part of their salaries
E.40. Upon a Club or its Parent Undertaking suffering an Event of Insolvency the Board shall have the power to impose upon the Club a deduction of nine points scored or to be scored in the League competition. If the Board exercises this power it shall forthwith give written notice to the Club to that effect.
E.41. Subject to Rule E.42, the Club may appeal against the deduction of points by sending or delivering to the Board Form 4 so that it receives the same together with a deposit of £1,000 within seven days of the date of the notice given under the provisions of Rule E.40.
E.42. The only ground upon which a Club may appeal in accordance with Rule E.41 is that: E.42.1. the Event of Insolvency was caused by and resulted directly from circumstances, other than normal business risks, over which it could not reasonably be expected to have had control; and E.42.2. its Officials had used all due diligence to avoid the happening of such circumstances.
I believe clubs could manage their financial loss through administration and stay in the league with minimal points loss in the circumstances described above.
Not advocating it for a second and I would prefer to see other measures including big wage earners taking deferments on part of their salaries
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Re: Football's Magic Money Tree
Time for a bit of corona virus distraction - CIES Football Observatory with it's "Scientific" approach to transfer values
https://football-observatory.com/IMG/sites/mr/mr53/en/
https://football-observatory.com/IMG/sites/mr/mr53/en/
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Re: Football's Magic Money Tree
I’m not up with the financial side like so many posters on this excellent thread so a question.
We, supposedly, do not pay great salary but pay very good bonusses. If the season ends how might this affect our first team squad? I’m not thinking specifically about the £ in their pocket but their thoughts as to future negotiations.
Apologies if this has come up previously.
We, supposedly, do not pay great salary but pay very good bonusses. If the season ends how might this affect our first team squad? I’m not thinking specifically about the £ in their pocket but their thoughts as to future negotiations.
Apologies if this has come up previously.
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Re: Football's Magic Money Tree
Same people this time on squad valuations - there are now 6 teams with squads valued at over Euro 1 billion
https://football-observatory.com/IMG/si ... /wp287/en/
we are 18th in the Premier league above Sheffield Utd and perhaps surprisingly Crystal Palace in 20th - Euro 2m covers the 3 of us
https://football-observatory.com/IMG/si ... /wp287/en/
we are 18th in the Premier league above Sheffield Utd and perhaps surprisingly Crystal Palace in 20th - Euro 2m covers the 3 of us