Football's Magic Money Tree
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Re: Football's Magic Money Tree
[quote="Chester Perry"]Apparently Newcastle have posted their financial results though they are not yet available at Companies house - A huge payback to Mike Ashley will no doubt enrage fans (loans have to be paid off at some point), there are plans for a better transfer budget next season.
https://www.nufc.co.uk/news/latest-news ... sfer-spend" onclick="window.open(this.href);return false;
https://offthepitch.com/a/newcastle-rea ... d-fund-big" onclick="window.open(this.href);return false;
Still not sure how Benitez could claim we pay more when they spent £12m more than us on wages
Edit
the club have published the Accounts themselves
Ah, so finally Newcastle do us the courtesy of a look at their accounts. Every year I tend to view their accounts with some suspicion and yet again this year they don't disappoint. Perhaps this year it's just the timing of the release when all other PL clubs have already submitted their accounts to Companies House.
Anyway, a couple of observations.........the actual Wage bill for the period is over £10m understated, the real figure being over £103m and not £93m. They are able to report £93m because of the release of over £10m of prior year provisions covering onerous contracts. I'd certainly like to see a bit more detail on these 'onerous' contracts.
Their TV revenue is over £126m for finishing 10th in the league compared to our £119m for finishing 7th. They must have had several more live TV games for that to be the case.
As ever Ashley remains much maligned by the Newcastle faithful and yet I see that the overall loan of £111m remains intact and has been in place for over a decade with ZERO interest involved. Similar situaton to the Venky's and Ashley is on record as saying the loan is only repayable on the sale of the club. No interest attached to the loan unlike our situation of financial turmoil between 2010 and 2014 when £1.45m was withdrawn from the club in director's interest on loans that were a fraction of those of Ashley at Newcastle.
https://www.nufc.co.uk/news/latest-news ... sfer-spend" onclick="window.open(this.href);return false;
https://offthepitch.com/a/newcastle-rea ... d-fund-big" onclick="window.open(this.href);return false;
Still not sure how Benitez could claim we pay more when they spent £12m more than us on wages
Edit
the club have published the Accounts themselves
Ah, so finally Newcastle do us the courtesy of a look at their accounts. Every year I tend to view their accounts with some suspicion and yet again this year they don't disappoint. Perhaps this year it's just the timing of the release when all other PL clubs have already submitted their accounts to Companies House.
Anyway, a couple of observations.........the actual Wage bill for the period is over £10m understated, the real figure being over £103m and not £93m. They are able to report £93m because of the release of over £10m of prior year provisions covering onerous contracts. I'd certainly like to see a bit more detail on these 'onerous' contracts.
Their TV revenue is over £126m for finishing 10th in the league compared to our £119m for finishing 7th. They must have had several more live TV games for that to be the case.
As ever Ashley remains much maligned by the Newcastle faithful and yet I see that the overall loan of £111m remains intact and has been in place for over a decade with ZERO interest involved. Similar situaton to the Venky's and Ashley is on record as saying the loan is only repayable on the sale of the club. No interest attached to the loan unlike our situation of financial turmoil between 2010 and 2014 when £1.45m was withdrawn from the club in director's interest on loans that were a fraction of those of Ashley at Newcastle.
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Re: Football's Magic Money Tree
Vysyble have run the rule over the 2017'/18 Premier League financials (Swansea still to post their results) and detected a few trends which to their mind limits the life of the current PL model
https://twitter.com/vysyble/status/1118988997756358677" onclick="window.open(this.href);return false;
https://twitter.com/vysyble/status/1118988997756358677" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Interesting little video of the cost of avoiding relegation from the top flight - In Italian but with subtitles
https://www.youtube.com/watch?v=gQoSdGyeo-A" onclick="window.open(this.href);return false;
https://www.youtube.com/watch?v=gQoSdGyeo-A" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Informative piece on how clubs from the outside the big five leagues can contend in UEFA's elite competitions
https://www.footballbenchmark.com/libra ... _leftovers" onclick="window.open(this.href);return false;
What is apparent is that financial gain from regular progress in Europe is giving these clubs massive advantages domestically - as we see in this country with the Big 6.
https://www.footballbenchmark.com/libra ... _leftovers" onclick="window.open(this.href);return false;
What is apparent is that financial gain from regular progress in Europe is giving these clubs massive advantages domestically - as we see in this country with the Big 6.
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Re: Football's Magic Money Tree
Don't see any subtitles CP........which is a shame.Chester Perry wrote:Interesting little video of the cost of avoiding relegation from the top flight - In Italian but with subtitles
https://www.youtube.com/watch?v=gQoSdGyeo-A" onclick="window.open(this.href);return false;
Notice KPMG are responsible for the video, the same KPMG that were auditors of our accounts until the "little problem" we encountered when attempting to regain ownership of our ground from Lionbridge.
Last edited by Royboyclaret on Fri Apr 19, 2019 2:00 pm, edited 1 time in total.
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Re: Football's Magic Money Tree
click the icon 5th in on bottom right of screenRoyboyclaret wrote:Don't see any subtitles CP........which is a shame..
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Re: Football's Magic Money Tree
Roy, KPMG run this twitter account https://twitter.com/Football_BM" onclick="window.open(this.href);return false; which is linked to that SKY Italia weekly programme - some good stuff
full list of programmes, articles and reports here https://www.footballbenchmark.com/libra ... +benchmark" onclick="window.open(this.href);return false;
full list of programmes, articles and reports here https://www.footballbenchmark.com/libra ... +benchmark" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Ah right. Confirmation then that staff costs, on the whole, have a strong correlation to finishing position. With always the odd exception, like us.Chester Perry wrote:click the icon 5th in on bottom right of screen
Love the bit about Aston Villa, this "prestigeous club from Birmingham".
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Re: Football's Magic Money Tree
They have a European Cup it carries huge credibility in Europe - remember Juve only have 2 despite their domestic dominanceRoyboyclaret wrote: Love the bit about Aston Villa, this "prestigeous club from Birmingham".
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Re: Football's Magic Money Tree
Yes- Juve have the same number as Forest!They have a European Cup it carries huge credibility in Europe - remember Juve only have 2 despite their domestic dominance
Milan teams have 10 between them though- which I'm sure is more upsetting to Juve.
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Re: Football's Magic Money Tree
It is also what makes Andrea Agnelli's desire for a closed shop in the Champions League so abominable - Same as Forest (as you say) Benfica and Porto - I have to say I like the fact that 3 Dutch teams have won it compared to 1 FrenchLeadBelly wrote:Yes- Juve have the same number as Forest!
Milan teams have 10 between them though- which I'm sure is more upsetting to Juve.
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Re: Football's Magic Money Tree
In post #855 I posted a perspective for valuing a club, here KPMG a more detailed variant (with the caveats that is only Europe's top 32 clubs they apply it too and this data was as of Jan 2017 - still an worthwhile exercise) - video again with subtitles at the icon near the bottom right corner
https://www.youtube.com/watch?v=Bl2BRSo ... e=youtu.be" onclick="window.open(this.href);return false;
https://www.youtube.com/watch?v=Bl2BRSo ... e=youtu.be" onclick="window.open(this.href);return false;
Re: Football's Magic Money Tree
From the link:Chester Perry wrote:In post #844 our excellent contributor Roy speculated that there must be someone out their wanting to take a punt on us, especially given our continued status in the top flight and willingness to make a profit rather than bet the ranch. But how do you put a value on a club? You may be surprised to know that Crystal Palace are for sale - Offthepitch.com speak to Oakwell Capital about how a valuation of Crystal Palace could be made and even come up with a figure.
https://offthepitch.com/a/crystal-palac ... ion-market" onclick="window.open(this.href);return false;
The key here is that there is no talk of paying back owner loans, which is where Mike Ashley has fallen over in his attempts to sell Newcastle United - he wants to recoup all his money and that is north of £300m which does not stack up with the calculation here.
Also going back to Roy's postulation - I do find it unlikely that anyone would pay £180m - £220m for us
'the wage bill has risen from £40.4 million in 2014 to £117 million in 2018'. Hmmmm.
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Re: Football's Magic Money Tree
Hipper - indeed 2014 was wages of £78m so have risen £40m in the period - last season was substantially less than the Championship year before
https://s3.eu-west-2.amazonaws.com/docu ... 6e6b7355e2" onclick="window.open(this.href);return false;
https://s3.eu-west-2.amazonaws.com/docu ... 6e6b7355e2" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
@KieranMaguirre provides a timely graphic illustrating the % change in wages for PL teams last season from the year before - some surprises
https://twitter.com/KieranMaguire/statu ... 2448731137" onclick="window.open(this.href);return false;
https://twitter.com/KieranMaguire/statu ... 2448731137" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
I see Barca (the people's club) are charging Liverpool 119euros a ticket same as Man Utd (Liverpool followowing the Utd example in reciprocal pricing to subsidise those who will travel away with them. So what kind of seat does that get you
https://twitter.com/yergoldengoal/statu ... 0516591621" onclick="window.open(this.href);return false;
shocking, though you get a free beating from the stewards too apparently
http://www.espn.co.uk/football/tottenha ... tack-video" onclick="window.open(this.href);return false;
https://www.followfollow.com/forum/thre ... rds.72338/" onclick="window.open(this.href);return false;
https://twitter.com/yergoldengoal/statu ... 0516591621" onclick="window.open(this.href);return false;
shocking, though you get a free beating from the stewards too apparently
http://www.espn.co.uk/football/tottenha ... tack-video" onclick="window.open(this.href);return false;
https://www.followfollow.com/forum/thre ... rds.72338/" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
[quote="Chester Perry"]Hipper - indeed 2014 was wages of £78m so have risen £40m in the period - last season was substantially less than the Championship year before
I'm thinking the link to which Hipper refers is Crystal Palace not Newcastle, in which case the Wage bills quoted are reasonably accurate although Swiss Ramble has the 2014 figure at £45.8m.
I'm thinking the link to which Hipper refers is Crystal Palace not Newcastle, in which case the Wage bills quoted are reasonably accurate although Swiss Ramble has the 2014 figure at £45.8m.
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Re: Football's Magic Money Tree
Doh - need to get away from the screenRoyboyclaret wrote:
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Re: Football's Magic Money Tree
Very difficult to draw meaningful comparisons when taking a close look behind Kieran Maguire's headline figures. Newcastle, for example, appears to be a dramatic reduction of 17%, but that's not the case at all. For starters the reported 2017 Wage bill was £112.2m which was a bit misleading in that the figure included £22m onerous contract provisions and £9.9m promotion bonuses. The 2018 figure of £93.6m included the release of £10m of those contract provisions which it transpired were not required, so an actual Wage bill of £103m for 2018.Chester Perry wrote:@KieranMaguirre provides a timely graphic illustrating the % change in wages for PL teams last season from the year before - some surprises
https://twitter.com/KieranMaguire/statu ... 2448731137" onclick="window.open(this.href);return false;
So, a more factual comparison would be £103m for 2018 less £90m for 2017, an increase of £13m or +14.4%.
The conclusion being that looking at the graph at face value makes Newcastle appear to be a shining example to all others, whereas in fact nothing could be further from the truth.
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Re: Football's Magic Money Tree
He does this from time to time - which I find surprising for an academic.
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Re: Football's Magic Money Tree
The Price of Football does a deep dive into Newcastle Utd's financial results - and Kieran does manage to acknowledge Roy's point about the previous years wage bill
http://priceoffootball.com/newcastle-un ... -pressure/" onclick="window.open(this.href);return false;
Edit
Swiss Ramble does the same and definitely notices the same thing as Roy
https://twitter.com/SwissRamble/status/ ... 5491927041" onclick="window.open(this.href);return false;
http://priceoffootball.com/newcastle-un ... -pressure/" onclick="window.open(this.href);return false;
Edit
Swiss Ramble does the same and definitely notices the same thing as Roy
https://twitter.com/SwissRamble/status/ ... 5491927041" onclick="window.open(this.href);return false;
Last edited by Chester Perry on Tue Apr 23, 2019 11:07 am, edited 1 time in total.
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Re: Football's Magic Money Tree
One of the things I took from that Newcastle Utd deep dive was that in the PL the standard model for valuing PL cubs (a buzz topic on the thread in the last couple of weeks) is The Markham Multi-variate Model - the details of which can be found here
http://www.sportingintelligence.com/wp- ... -paper.pdf" onclick="window.open(this.href);return false;
anyone fancy using it to get a figure for the clarets?
http://www.sportingintelligence.com/wp- ... -paper.pdf" onclick="window.open(this.href);return false;
anyone fancy using it to get a figure for the clarets?
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Re: Football's Magic Money Tree
Talked a lot about soft power and sports-washing this year with a lot of focus on China. Here is a lengthy article about Abu Dhabi, Man City and City Football group. Disturbing as you would expect, particularly as to how sports units within major broadcasters are effectively blocking activities from investigative journalists in the news teams. Suggestions that Sheik Mansour is a mannequin owner given quite a bit of credence too
https://medium.com/@NcGeehan/the-men-be ... bc8e393e06" onclick="window.open(this.href);return false;
https://medium.com/@NcGeehan/the-men-be ... bc8e393e06" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Football club valuation, a fascinating subject and a topic that's caused many a heated debate in the office over the years. So many variations and taking the Tottenham 2012 example there can be quite a discrepancy depending on which method is used :-Chester Perry wrote:One of the things I took from that Newcastle Utd deep dive was that in the PL the standard model for valuing PL cubs (a buzz topic on the thread in the last couple of weeks) is The Markham Multi-variate Model - the details of which can be found here
http://www.sportingintelligence.com/wp- ... -paper.pdf" onclick="window.open(this.href);return false;
anyone fancy using it to get a figure for the clarets?
Market Capitalisation Value.........£83.6m
Revenue Multiples Value.........£245.2m
Forbes Value.........£351.1m
My first recollection of a debate on here is from the old Clarets Mad days when aggi I think suggested a general rule of thumb calculation was one and a half times the Total Income of a club which would value Burnley currently at around £210m.
Anyway, if as suggested, the method now used is the Markham Multivariate Value then the formula is :-
Club Valuation = (Revenue + Net Assets) x (Net Profit + Revenue / Revenue) x (Stadium Capacity %) / (Wage Ratio %)
So, for anyone with a calculator handy, the relevant numbers for a Burnley valuation as at Jun'18 are as follows :-
Revenue......£139m
Net Assets.......£76.6m
Net Profit (before tax).......£45.1m
Stadium Capacity %........95%
Wage Ratio %.......59%.
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Re: Football's Magic Money Tree
Well Roy, I got just shy of £460m, that has to be wrong (or at least the methodology for clubs like ours) - there is no way we are worth half that to my way of thinking
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Re: Football's Magic Money Tree
The future of football Agnelli style - things didn't start that way but Juve are now financially so far ahead it is a self fulfilling prophecy
https://twitter.com/sportingintel/statu ... 5734057985" onclick="window.open(this.href);return false;
It explains why so many of the big Italian teams are looking to build their own Stadiums
https://twitter.com/sportingintel/statu ... 5734057985" onclick="window.open(this.href);return false;
It explains why so many of the big Italian teams are looking to build their own Stadiums
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Re: Football's Magic Money Tree
There is a growing belief that, given the number of clubs up for sale and the continuous losses all but a few make, all you need to pass footballs "fit and proper person" test for club owners/directors is proof of money to run the club for the upcoming season. In post #854 we saw Andy Holt give his views on the subject. There has also been much speculation in the last couple of weeks as to the prospective Bolton owners suitability.
Here is a partial transcript of a letter from the Blackpool Supporters Trust QC to Shaun Harvey of the EFL - it tears him a new one on the subject
https://twitter.com/henrywinter/status/ ... 5097545728" onclick="window.open(this.href);return false;
Here is a partial transcript of a letter from the Blackpool Supporters Trust QC to Shaun Harvey of the EFL - it tears him a new one on the subject
https://twitter.com/henrywinter/status/ ... 5097545728" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
When the big 6 take everything you can win what is left for the 14 - a sense of Identity is what we often hear often combined with a philosophy but is that enough, there has been plenty of posters on this board dissatisfied with the pace of evolution at our club and many other clubs have sacked managers who could keep them on the gravy train but are not deemed to play attractive football so sack the manager (Rovers + Big Sam anyone?) a little note in the Telegraph as to what is left for the 14 given the big 6 take everything else,
https://www.telegraph.co.uk/football/20 ... -identity/" onclick="window.open(this.href);return false;
https://www.telegraph.co.uk/football/20 ... -identity/" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Got to love this quote about his time at West HamThe fans are brainwashed into thinking that, historically, the club had a particular style of play which was akin to Barcelona, which was potty,” Allardyce has said of his time there.
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Re: Football's Magic Money Tree
With Leeds on the cusp of promotion The Price of Football does a deep dive into last seasons accounts - their new owner has certainly helped pave their way to a more sensible financial structure and we should be under no illusion that if they do come back up they will have much greater revenues than us - will they spend it on the team or buying and developing a new training ground (They managed to buy back Elland Rd under the previous owner).
http://priceoffootball.com/leeds-2018-heartland/" onclick="window.open(this.href);return false;
http://priceoffootball.com/leeds-2018-heartland/" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Speaking of identity - here is Marco Silva right on cue
http://www.evertonfc.com/news/2019/04/19/silva" onclick="window.open(this.href);return false;
http://www.evertonfc.com/news/2019/04/19/silva" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Nice graphic on the change in Staff costs for PL teams who played both 2016/17 and 17/18 -
https://twitter.com/vysyble/status/1120350188244221952" onclick="window.open(this.href);return false;
obviously ours was a massive change. Sean Dyche was very freely spouting after the Chelsea game that our wage bill is £58m the rest is bonusus - which to my mind says the bonus pot is virtually the entirety of the merit payment based on place and that last year players had the opportunity for a close to 40% bonus uplift
https://twitter.com/vysyble/status/1120350188244221952" onclick="window.open(this.href);return false;
obviously ours was a massive change. Sean Dyche was very freely spouting after the Chelsea game that our wage bill is £58m the rest is bonusus - which to my mind says the bonus pot is virtually the entirety of the merit payment based on place and that last year players had the opportunity for a close to 40% bonus uplift
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Re: Football's Magic Money Tree
First reported Steve Gibson's request for the EFL to further investigate clubs in regards to FFP in post #853 last week - It appears that he is pretty determined for examples to be made and is looking for backing from the other Championship clubs. Those meetings of league club executives look like they could be real slanging matches.
https://www.telegraph.co.uk/football/20 ... mpionship/" onclick="window.open(this.href);return false;
https://www.telegraph.co.uk/football/20 ... mpionship/" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Andy Holt on why last night's win at Doncaster which as virtually assured League 1 safety allows him to plan for more than a year ahead with reasonably certain budgets - there is no doubt it is grim in the lower leagues if you want to operate sustainably
https://twitter.com/AndyhHolt/status/11 ... 5209831424" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 5209831424" onclick="window.open(this.href);return false;
Re: Football's Magic Money Tree
I remember posting about this model quite a while ago following a valuation I did at work when it was a pretty new model, it probably was in the days of Clarets Mad.Royboyclaret wrote:Football club valuation, a fascinating subject and a topic that's caused many a heated debate in the office over the years. So many variations and taking the Tottenham 2012 example there can be quite a discrepancy depending on which method is used :-
Market Capitalisation Value.........£83.6m
Revenue Multiples Value.........£245.2m
Forbes Value.........£351.1m
My first recollection of a debate on here is from the old Clarets Mad days when aggi I think suggested a general rule of thumb calculation was one and a half times the Total Income of a club which would value Burnley currently at around £210m.
Anyway, if as suggested, the method now used is the Markham Multivariate Value then the formula is :-
Club Valuation = (Revenue + Net Assets) x (Net Profit + Revenue / Revenue) x (Stadium Capacity %) / (Wage Ratio %)
So, for anyone with a calculator handy, the relevant numbers for a Burnley valuation as at Jun'18 are as follows :-
Revenue......£139m
Net Assets.......£76.6m
Net Profit (before tax).......£45.1m
Stadium Capacity %........95%
Wage Ratio %.......59%.
A rough calculation would give a value of ~ £415m which I think most would agree would be too high. The issue being is that formula is used for valuing established clubs. For a club like Burnley you'd have to discount it to represent the chances of us being relegated and a significant drop in turnover and the impact is much higher for Burnley than other clubs as so much of our turnover comes from broadcast.
(For comparison, the same formula applied to 2016 (i.e. Championship level) would come out at around £45m so you'd be looking somewhere in between there most likely.)
For a club like Burnley I'd not rule out using DCF but ultimately the difficulty is how long we're going to stay in the Premier League and if we go down how likely are we to go straight back up. Taking a view on this is really the key to valuing the club.
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Re: Football's Magic Money Tree
Anderlecht being investigated for potential money-laundering.
https://www.bbc.co.uk/sport/football/48042234
https://www.bbc.co.uk/sport/football/48042234
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Re: Football's Magic Money Tree
and the Belgian FAtiger76 wrote:Anderlecht being investigated for potential money-laundering.
https://www.bbc.co.uk/sport/football/48042234
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Re: Football's Magic Money Tree
Ah! didn't see that info,Scotland might take an interest as they're in the same Euro qualifying group as the Belgians,any punishment could help the sweaty socks.Chester Perry wrote:and the Belgian FA
This is assuming any wrongdoing is proven and if FIFA and UEFA have the balls to do anything to one of the top-ranked nations,given their past history i wouldn't hold my breath.
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Re: Football's Magic Money Tree
following post #917 it appears that Steve Gibson has lost his battle for greater transparency within club finances in the Championship
https://www.bbc.co.uk/sport/football/48042278" onclick="window.open(this.href);return false;
https://www.telegraph.co.uk/football/20 ... -proposal/" onclick="window.open(this.href);return false;
https://www.bbc.co.uk/sport/football/48042278" onclick="window.open(this.href);return false;
https://www.telegraph.co.uk/football/20 ... -proposal/" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
So a bloke who's been bankrolling a club for the best part of 30 years and had to write off about £80 million less than 10 years ago is upset by the spending of other championship clubs and wants greater transparency?
He's got some neck on him that bloke
He's got some neck on him that bloke
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Re: Football's Magic Money Tree
think it is more about the fact that he has been out-manoeuvred on how to be beat FFP
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Re: Football's Magic Money Tree
He got round it last time by wiping the clubs debts, similar to what Leicester did.
Like you've suggested though, he can't keep doing that anymore and now he's having a sulk.
Like you've suggested though, he can't keep doing that anymore and now he's having a sulk.
Re: Football's Magic Money Tree
Unfortunately they're also in a group with Russia, Cyprus, Kazakhstan, and San Marino. So they're going to need a few more fraud investigations to let them qualify.tiger76 wrote:Ah! didn't see that info,Scotland might take an interest as they're in the same Euro qualifying group as the Belgians,any punishment could help the sweaty socks.
This user liked this post: Chester Perry
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Re: Football's Magic Money Tree
We now have the financial picture for last season and while the Premier League clubs had revenues of £4.8bn a whopping £2.9bn went on wages, unsurprisingly it is the big 6 that earn the most and pay the most - the gaps however are increasing rapidly and with the new distribution rules coming into play next season it is only going to get worse -
https://www.bbc.co.uk/news/business-48042814" onclick="window.open(this.href);return false;
earnings v current table - https://twitter.com/vysyble/status/1121159926837985281" onclick="window.open(this.href);return false;
wages by club 2017/18 https://twitter.com/KieranMaguire/statu ... 6879561728" onclick="window.open(this.href);return false;
it is a self fulfilling prophecy which only negligence and incompetence is getting in the way of (see Man Utd, though that, it seems might have been predictable - https://www.theblizzard.co.uk/article/after-immortals" onclick="window.open(this.href);return false;)
https://www.bbc.co.uk/news/business-48042814" onclick="window.open(this.href);return false;
earnings v current table - https://twitter.com/vysyble/status/1121159926837985281" onclick="window.open(this.href);return false;
wages by club 2017/18 https://twitter.com/KieranMaguire/statu ... 6879561728" onclick="window.open(this.href);return false;
it is a self fulfilling prophecy which only negligence and incompetence is getting in the way of (see Man Utd, though that, it seems might have been predictable - https://www.theblizzard.co.uk/article/after-immortals" onclick="window.open(this.href);return false;)
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Re: Football's Magic Money Tree
Nailed it and to think he will gross around £700k this week for that
https://twitter.com/BBCMOTD/status/1121157919876308993" onclick="window.open(this.href);return false;
meanwhile Old Trafford suffers from "accelerated decrepitude" https://twitter.com/SoccerAM/status/1121093339246419969" onclick="window.open(this.href);return false;
https://twitter.com/BBCMOTD/status/1121157919876308993" onclick="window.open(this.href);return false;
meanwhile Old Trafford suffers from "accelerated decrepitude" https://twitter.com/SoccerAM/status/1121093339246419969" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Ed Woodward and his American employers will of course be far more interested in this kind of thing - Swiss Ramble takes a look at the potential earnings of the Premier League clubs from the Champions League
https://twitter.com/SwissRamble/status/ ... 9792837632" onclick="window.open(this.href);return false;
https://twitter.com/SwissRamble/status/ ... 9792837632" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
First mentioned the issues at Port Vale over a month ago see post #623 - it appears they may have found a buyer (who rather than having the Oyston's as a mentor has spent a lot of time with @Andyhholt of Accrington Stanley). It seems that Norman Smurthwaite has a taste for Football though and fancies his chances at Notts County (who could be facing their own oblivion in the next week or so)
https://www.mirror.co.uk/sport/football ... e-14574803" onclick="window.open(this.href);return false;
https://www.mirror.co.uk/sport/football ... e-14574803" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
Andy Holt's daily lament for the English Pyramid continues - today nudged by a question regarding Steve Gibson's failed attempt to get transparency into accounts and that SwissRamble piece on the earnings from the Champions League by he same poor clubs who need to take more from the PL TV deals
https://twitter.com/AndyhHolt/status/11 ... 4894964736" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 4894964736" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
following post #928 yesterday - more in-depth analysis of the 2017/18 season financials is likely to be coming to light in the next few weeks
here we have an informative thread from vysyble https://twitter.com/vysyble/status/1121003376047796224" onclick="window.open(this.href);return false;
here we have an informative thread from vysyble https://twitter.com/vysyble/status/1121003376047796224" onclick="window.open(this.href);return false;
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Re: Football's Magic Money Tree
but just how long can Man Utd eat at the top table if they fail to refocus on the Football side
https://www.telegraph.co.uk/football/20 ... lear-plan/" onclick="window.open(this.href);return false;
I believe that it all comes back to identity see post #912 - it is as important for the big six as it is for us
https://www.telegraph.co.uk/football/20 ... lear-plan/" onclick="window.open(this.href);return false;
I believe that it all comes back to identity see post #912 - it is as important for the big six as it is for us