Football's Magic Money Tree

Chester Perry · Post by **Chester Perry** » Mon Sep 09, 2019 3:56 pm

Juventus continue to enjoy the commercial return of signing Cristiano Ronaldo

https://sponsorship.sportbusiness.com/n ... al-report/" onclick="window.open(this.href);return false;

you will note that the increase in shirt sales that led to the additional Euro 15m does not cover his salary let alone his 100m transfer fee - the signing was supposed to help them win the Champions league. Also none of this begins to explain why they have felt the need to/try to sell thei brightest younger players

Tall Paul · Post by **Tall Paul** » Tue Sep 10, 2019 9:36 am

edlass wrote:What benefit is there to having actual cash but at a premium? I don't really know what "cashflow" is!

But if they do need it now then couldn't the owner just give Bournemouth the £10m and then they pay it back next year? Then there is no premium and everyone gets all there money? (except the vampire guy). It seems complicated!

With almost perfect timing, Swiss Ramble has put out this Twitter thread analysing the cashflow of all PL clubs.

https://twitter.com/SwissRamble/status/ ... 3445666816" onclick="window.open(this.href);return false;

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 10:00 am

Cheers Tall one - brilliant as ever from the maestro

a few takeaways
- as many of us know, our club are definitely doing things the right way, even down to good citizenship on the tax front, you would think HMRC like us at the moment given the proportion of tax to revenue we pay
- Newcastle (for all the fans complaining) appear to be a very health club financially speaking
- West Ham are increasingly improving their financial position (though hard not too with that deal on the London Stadium - I suspect they will own it in the next 10 years)

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 10:20 am

Back to a favourite on-off topic on this thread, football club valuations - here Forbes.com look at the story that Britain's richest man Sir Jim Radcliffe looked at buying Newcastle over the summer but, like many before him, was put off by the asking price (you can add Chelsea to that too)

https://www.forbes.com/sites/harrydecos ... 22f3ab20b1" onclick="window.open(this.href);return false;

I suspect the writer of this article has not bothered to look at the underlying finances, or looked at the number of independent valuations of Premier League clubs that have been published this year alone (even though I have questioned them myself)

Newcastle's biggest sticking point when it comes to a sale is that £110m of debt that it owes Ashley - he wants everything back he has put into the club (understandably), yet he will not bring down that initial debt, though he has got back all the other loans. The only way he is going to sell the club is if he brings down the debt. It is not like they cannot afford too, they made enormous loan paybacks in the last published accounts and are predicted to make a profit of around £46m from last season

https://twitter.com/KieranMaguire/statu ... 6660298752" onclick="window.open(this.href);return false;

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 10:35 am

More on the sorry tale at Bury - Stewart Day's Mederco has been in admin for some time and have just published an updated report @KieranMaguirre takes a look

https://twitter.com/KieranMaguire/statu ... 0045246469" onclick="window.open(this.href);return false;

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 10:57 am

This has been doing the rounds in the dailies but I will post the source - CIES Football Observatory say that Man City have become the first team ever to invest Euro 1 billion in it's current squad - not it's history, it's current squad at the end of the transfer window

https://football-observatory.com/IMG/si ... /wp266/en/" onclick="window.open(this.href);return false;

by way of contrast ours is Euro 132m and Norwich Euro 32m

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 11:54 am

It looks like Gianni Agnelli's grand plans for European Club football post 2024 have been permanently blown out of the water by the members of the ECA (hooray for them - surely he has to step down now)

https://apnews.com/12399acfc1ee4b028959f50cda096566" onclick="window.open(this.href);return false;

particularly loved - "When the ECA gathered English member clubs in London last month, an attendee recalled how an executive from Arsenal pointed out the process had achieved something rare: Uniting the Premier League."

the Copenhagen plan seems the most sensible approach I have seen so far - not that I agree with it entirely - as for the Swiss plan - talk about making things complicated

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 11:56 am

breaking news on La liga broadcasts in the UK

https://twitter.com/RobHarris/status/11 ... 2163431424" onclick="window.open(this.href);return false;

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 11:58 am

More detail on the Copenhagen plan

https://twitter.com/RobHarris/status/11 ... 1965744128" onclick="window.open(this.href);return false;

and the Swiss plan

https://twitter.com/RobHarris/status/11 ... 5583508480" onclick="window.open(this.href);return false;

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 12:04 pm

This could get interesting - Serie A wages published today in Gazetta della Sport

as @Marcotti says https://twitter.com/Marcotti/status/1171372057029988353" onclick="window.open(this.href);return false;

while we await the detail here are last years figures

https://imgur.com/r/soccer/wRxKccc" onclick="window.open(this.href);return false;

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 12:45 pm

There is a new moneyball podcast - they really have some cracking guests - this week are journalist @RobHarris (whose thoughts and articles I post regularly) and @spcott (who founded Lawinsport.com, another great source of posts for this thread) amongst the topics up for discussion - Is Piracy threatening the future of football? and why the rules of the game off the pitch are now so crucial

https://audioboom.com/posts/7363089-is- ... ters-and-w" onclick="window.open(this.href);return false;

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 12:53 pm

first article on those Serie A wages for the current season

https://translate.google.com/translate? ... 19-2020%2F" onclick="window.open(this.href);return false;

just how does Ronaldo manage to get by - that figure is not just his playing wages from Juventus by the way

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 1:02 pm

coming to a ground near you in the not too distant future I would think

https://twitter.com/DCBlueStar/status/1 ... 5094762501" onclick="window.open(this.href);return false;

and club shop

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 1:23 pm

Interesting long game from La Liga on building up a global audience for the league

https://www.soccerex.com/insight/articl ... th-youtube" onclick="window.open(this.href);return false;

of course it could back-fire when your audience is used to getting the content for free

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 1:23 pm

The much maligned SportPesa betting company appear to have resolved their licensing problems in Kenya

https://sponsorship.sportbusiness.com/n ... e-dispute/" onclick="window.open(this.href);return false;

Chester Perry · Post by **Chester Perry** » Tue Sep 10, 2019 1:30 pm

Bayern Munich announce record revenues and profits for the 2018-19 season

https://fcbayern.com/us/news/2019/09/pr ... iscal-year" onclick="window.open(this.href);return false;

Chester Perry · 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

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Royboyclaret · 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.

Chester Perry · 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

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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

Chester Perry · 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

Royboyclaret · 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.

Chester Perry · 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

Chester Perry · 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;

Chester Perry · 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;

Royboyclaret · 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.

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

GodIsADeeJay81 · 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.

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Chester Perry · 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;

Royboyclaret · 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.