Football's Magic Money Tree

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Royboyclaret
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Re: Football's Magic Money Tree

Post by Royboyclaret » Wed Feb 20, 2019 11:31 am

Indeed, but it's fascinating to look a little bit behind that "100%" figure in the 2012/13 season.

I guess it would have been the last of our parachute payment seasons which meant we ended that financial year with a Total Income of a mere £15.3m. With a Wage bill of £15.4m it meant that even before all other costs we were destined to report a significant Loss.

Quite incredible that some five seasons later we're looking at a Total Income approaching £140m, tenfold of just a five years ago. If someone had suggested that at the time they would have been laughed out of Turf Moor.

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Feb 21, 2019 3:22 pm

I have suggested before that Burnley being in the Premier League is possibly more important to the town than the club - the knock on economic benefit is difficult to measure, there is no doubt that a whole support infrastructure builds up around the fans coming to the matches, and I suspect that the raised profile of a sustained stay in the league encourages other kinds of inward investment, not to mention the physical increase in numbers of those employed by the club to cover all it's needs.

It is a whole new ballgame for the big boys when the Champions League comes to town - Liverpool commissioned a study to determine the economic impact their run to the final last year had on the economy, the numbers are eye-watering

https://www.telegraph.co.uk/football/20 ... ibute-575/" onclick="window.open(this.href);return false;

You do not commission a report like this unless you are after something, FSG, Liverpool's owners, are well versed in the Franchise sports game in the US and are used to Local government forking out vast sum's on infrastructure to keep the franchise happy. I expect Liverpool to announce a substantial new project in the near future that will see them demanding either: a free pass; or substantial contribution to infrastructure. This report is nothing short of a political tool and a pretty powerful one at that.

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Feb 23, 2019 1:22 am

It seems like it has been an age since we have anything new from the Football Leaks trove - well we now have something relating to Jadon Sancho - Man City (apart from the way they develop players) and Agents do not come out well

http://www.spiegel.de/international/bus ... 54617.html" onclick="window.open(this.href);return false;

https://www.telegraph.co.uk/football/20 ... n-sanchos/" onclick="window.open(this.href);return false;

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Feb 23, 2019 1:27 am

Just found this - Der Spiegel did an article comparing the Bundesliga and the Premier League for Glitz, Glam and of course money in the run up to the last 16 Champs League matches which see 3 ties between the 2 leagues.

http://www.spiegel.de/international/eur ... 53432.html" onclick="window.open(this.href);return false;

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Feb 24, 2019 9:51 am

So just how do you make money from football - even when you are not registered or licensed - Mr McKay.

https://www.telegraph.co.uk/football/20 ... -transfer/" onclick="window.open(this.href);return false;

https://www.theguardian.com/football/20 ... la-cardiff" onclick="window.open(this.href);return false;

Will the English and French FA do anything about it though

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 25, 2019 9:24 am

So. you are a small club who believe they should be in the top flight as of right, you get taken over by not one but a consortium of billionaires who have no knowledge of the game but promise a new stadium, training facilities and a team of stars challenging for the big prizes, Instead you get relegated, spend a fortune on mostly average players and employ managers of dubious repute, break all the FFP rules getting promotion and tell the league were to go re the punishment as you will never be back. Except you get relegated again, go through managers, players and money like nobody's business and are surprised to find you will have to face a the punishment after all just we don't know when as your lawyers are clever enough to get the fine broken into instalments. You then begin to languish in the championship - all plans in tatters and very belatedly you start to ct your cloth accordingly.

Oh and you have employed that paragon of virtue and wide public respect , Lee Hoos, to do it for you while keeping the fans onside.

Swiss Ramble looks at last years £38m loss for QPR

https://twitter.com/SwissRamble/status/ ... 5695421441" onclick="window.open(this.href);return false;


One little highlight is that Redknapp took wages to a 195% of turnover while at QPR and eventually led them to a final £42m fine yet Birmingham City employed him, let him take wages to 202% of turnover and wonder why they should face FFP - bonkers

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 25, 2019 9:52 am

The tirade against money in modern football by Jon Nicholson on Football 365 continues with a look at wages


https://www.football365.com/news/why-a- ... ral-choice" onclick="window.open(this.href);return false;

Royboyclaret
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Re: Football's Magic Money Tree

Post by Royboyclaret » Mon Feb 25, 2019 10:26 am

My recollection of the QPR situation was that there was a catalogue of errors at the club over a period of time and it was ironic that Lee Hoos was central to the whole sorry mess.

That said, the big mistake came from the FL when they allowed QPR back into the Championship after the club had flouted the rules and refused to accept their punishment.

They clearly continue to lurch from one financial disaster to another and, as a result, have a very uncertain future.

Will take a look at the latest John Nicholson article later today.

aggi
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Re: Football's Magic Money Tree

Post by aggi » Mon Feb 25, 2019 11:36 am

Chester Perry wrote:Watford have posted there financial results for last season (a sizeable loss which may explain the Richarlison deal) SwissRamble has been looking at the figures

https://twitter.com/SwissRamble/status/ ... 8186446848" onclick="window.open(this.href);return false;


They have a growing debt especially on transfers - we are the only club in the league who don't have a debt excepting transfers (ignore what it says about Chelsea they owe Roman a £1billion)
Just catching up on this. Haven't Watford technically breached the FFP rules on salaries ( > £7m wage increase, not funded by an increase in non-TV revenue)? I've never seen details of what the process is if these rules are breached, albeit this would be a minor breach.

aggi
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Re: Football's Magic Money Tree

Post by aggi » Mon Feb 25, 2019 11:39 am

Chester Perry wrote:The rules on wage growth in the Premier League permit only a 7% wage growth year on year from TV income (unless a the previous year's wage bill was less than £61m - a free pass to the promoted clubs). For many like us TV income is such a vast proportion of our income that this 7% limit becomes the prime restriction. There is no limit however if a club demonstrates that it's wage increase is covered by alternative sources of income, which in general means commercial income as Matchday Income tends to have a relatively stable ceiling. This is where Commercial or Sponsorship Income begins to play a telling role for the big boys in particular. Last year Man Utd grossed £280m in commercial Income which almost covered the whole of it's wage bill.
Is this £7m or 7%. The link I have says £7m http://www.financialfairplay.co.uk/late ... -ffp-rules" onclick="window.open(this.href);return false; but it's an old one. There appears to be very little recent coverage of the Premier League (as opposed to UEFA) FFP rules.

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 25, 2019 11:51 am

Aggi - I think Watford stay inside due to growth in Player sales, Commercial, Commercial other and Matchday rises totalling £5.9m leaving a £4m net growth which is comfortably within the 7% but at 69% of turnover is too high for our (Burnley's) liking at this level

aggi
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Re: Football's Magic Money Tree

Post by aggi » Mon Feb 25, 2019 12:03 pm

Chester Perry wrote:Aggi - I think Watford stay inside due to growth in Player sales, Commercial, Commercial other and Matchday rises totalling £5.9m leaving a £4m net growth which is comfortably within the 7% but at 69% of turnover is too high for our (Burnley's) liking at this level
Where does your £5.9m come from? I'm getting:

£0.4m Match day
£1.3m Commercial

£1.7m

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 25, 2019 12:29 pm

Aggi my bad - not distinguishing sub totals

£0.4m Match day
£1.3m Commercial
£2.9m Profit on Player Sales

is £4.6m


still gets them in - especially when we do not know the spend outside the 1st team squad - i.e execs and Academy

aggi
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Re: Football's Magic Money Tree

Post by aggi » Mon Feb 25, 2019 1:49 pm

Ah, I guess this is the issue with the lack of clarity in the rules. I discounted profit on player sales as it is way down on the previous year so I don't think it would be described as "growth".

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 25, 2019 3:30 pm

first mentioned this in post 524 - government apparently serious in trying to help fans re cost of fixture changes - and a Burnley fn is cited as an example of the pain caused


https://www.theguardian.com/football/20 ... e-bt-sport" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Feb 27, 2019 7:02 pm

QPR - you can read their last financial results in post 556 - have got a step further down the line to a new ground (hate that they are called stadium's) after what feels like eons of time trying - but it is not very far down the line and as yet they have no idea what form it will take as the local council are taking 4 options to public consultation - some of it sounds as fanciful as the "bread bin" - no Fletcher on the scene though. The proposed capacities do seem a tad ambitious though

https://www.dailymail.co.uk/sport/footb ... pment.html" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Feb 27, 2019 11:51 pm

following on from QPR - Swiss Ramble has a look at Middlesbrough's first season back in the Championship

https://twitter.com/SwissRamble/status/ ... 2336595969" onclick="window.open(this.href);return false;

Stand out items for me are:
- Wages dropped just 25% - they paid silly money for some of the loan players in the Prem so it looks like they have relegation clauses in only a few contracts or that they either do not have them at all/are scaled to match Parachute payments
- They have made a profit in one year of the last 10 - losing 128m in that time
- Gibson has loaned the club over £160m converting £6m of that into equity (no doubt to escape FFP at the time)

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Feb 28, 2019 2:44 pm

after Boro - another championship club gunning for promotion is the focus for Swiss Ramble today. It is over a decade since Sheffield Utd were relegated from the Prem in the Tevez scandal and it is only now that they are in a position to challenge for promotion - there is absolutely no doubt that West Ham got off lightly in that one, The contrast in the financials between them and boro who currently sit below them in the league is stark.

https://twitter.com/SwissRamble/status/ ... 4305818624" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Feb 28, 2019 3:00 pm

Man City's preponderance of commercial agreements with businesses owned or influenced by their owners have been subject of much discussion on this thread - today saw the announcement of a mega deal for them that shouldn't fall into that category - new shirts at £65m a year (that would comfortably keep League 2 afloat with free tickets for all) - Not United's £75m but closer than the rest. At 10 years it is a bit too long I feel and will no doubt be subject to a buyout Chelsea style in 5 years or so


https://www.football365.com/news/man-ci ... -with-puma" onclick="window.open(this.href);return false;
https://www.telegraph.co.uk/football/20 ... 0-million/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Feb 28, 2019 3:12 pm

Notts Forest really believe in their new manager - they have just announced plans to increase capacity to 38000 - wow and they don't even own the ground

https://www.dailymail.co.uk/sport/footb ... 8-000.html" onclick="window.open(this.href);return false;

how can they afford we ask - here is Swiss Ramble's view on their last set of accounts - which showed a massive profit due to loan write-offs and player sales - no wonder we couldn't get Joe Worral

https://twitter.com/swissramble/status/ ... 92?lang=en" onclick="window.open(this.href);return false;

All this while their neighbours County face a winding up order from HMRC

https://www.dailymail.co.uk/sport/footb ... stoms.html" onclick="window.open(this.href);return false;

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Feb 28, 2019 5:14 pm

In post 480 Rui Pinto - aka "john" of Football Leaks fame - talked about the power of the Football Mafia and how he could not have a fair trial in Portugal. I suspected he was right and for now so do Eurojust - That is the Justice service arm of the EU - they are not happy


http://www.spiegel.de/international/wor ... 55199.html" onclick="window.open(this.href);return false;

dsr
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Re: Football's Magic Money Tree

Post by dsr » Thu Feb 28, 2019 11:25 pm

Chester Perry wrote:The rules on wage growth in the Premier League permit only a 7% wage growth year on year from TV income (unless a the previous year's wage bill was less than £61m - a free pass to the promoted clubs). For many like us TV income is such a vast proportion of our income that this 7% limit becomes the prime restriction. There is no limit however if a club demonstrates that it's wage increase is covered by alternative sources of income, which in general means commercial income as Matchday Income tends to have a relatively stable ceiling. This is where Commercial or Sponsorship Income begins to play a telling role for the big boys in particular. Last year Man Utd grossed £280m in commercial Income which almost covered the whole of it's wage bill.
First and foremost, if wages are below a set level (£67m in 2016-17, when Burnley's was £61m; rising to £74m in 2017-18 and £81m in 2018-19) there is no issue. That's legal.

Secondly, if a club does go over that limit, then they are still OK if they can prove that the increase has been funded out of increased revenue. Technically the rules appear to say that if you spend £70m and have £30m profit one year, and next year your income is stable and you spend £90m and make £10m profit, then the increase isn't funded by increased income. But it would be laughable and unfair if they tried to enforce that.

Link here - Premier League handbook. Document page 113 / pdf page 117.

https://pulse-static-files.s3.amazonaws ... 018-19.pdf" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 01, 2019 10:59 am

More bonkers at Charlton - it has been going on for some time - having recently turned down a £30m bid for the club the much maligned owner now wants the football league to buy them - effectively making them a franchise - oh and he values the League One outfit at around £70m because that is how much he feels he is owed - oh dear

https://www.dailymail.co.uk/sport/footb ... -club.html" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by aggi » Fri Mar 01, 2019 11:55 am

One bit I wasn't aware of was that wage increases in excess of £7m can be funded by Averaged Three Year Player Trading Profit (average profit from player trading over the past three years). With the sale of Gray and Keane I imagine that would give us scope for another £10m or so (probably higher) in wages if we so desired.

Also, as pointed out by DSR, the limit for 2017/18 is £74m (not £67m as previously reported). I don't think it would happen but we could bump our wages up to £85m or so without breaking any rules.

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Re: Football's Magic Money Tree

Post by Royboyclaret » Fri Mar 01, 2019 12:12 pm

aggi wrote:One bit I wasn't aware of was that wage increases in excess of £7m can be funded by Averaged Three Year Player Trading Profit (average profit from player trading over the past three years). With the sale of Gray and Keane I imagine that would give us scope for another £10m or so (probably higher) in wages if we so desired.

Also, as pointed out by DSR, the limit for 2017/18 is £74m (not £67m as previously reported). I don't think it would happen but we could bump our wages up to £85m or so without breaking any rules.
It could be done within the rules but in reality it's not going to happen.

A figure of £85m for this season accompanied by the very real prospect of Total Income reducing from £140m to something lower (based on the merit payment) will increase the ratio to way beyond any figure that will sit comfortably with the Board.

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Mar 02, 2019 11:15 pm

More dodgy practises at Man City - more revelations from Football Leaks on how they managed to flout the rules and have an adjunct to their global farming operation

http://www.spiegel.de/international/wor ... 55796.html" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Mar 04, 2019 10:14 am

In post 570 is Notts Forest plans to expand the City ground and a look at their 2016/17 accounts - today Swiss Ramble looks at their most recent accounts

https://twitter.com/SwissRamble/status/ ... 6553353216" onclick="window.open(this.href);return false;

this year has been a return to form as they have return to being a loss making operation again (the previous2 years loan write offs of £63m and £40m respectively were only supplemented by a £5m write off this year). While it has long looked a bonkers club from the outside it s clear that the new ownership is trying to instil some financial order on the club with wages gradually coming down towards living within their means as the club looks to increase it's income opportunities that appear to have been poorly exploited in the recent past.

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Mar 04, 2019 11:43 pm

City Football Group already own 7 clubs as part of their global farming operation, it would seem the ambition has been for at least 10 for some time - next outpost is likely to be India some time later this year

https://www.bbc.co.uk/sport/football/47447762" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 05, 2019 12:43 pm

Swiss Ramble has been doing a lot of threads on the finances of Championship clubs lately - and today is no different - Preston North End are reasonably competitive in the Championship having never benefitted from Premier League TV monies (apart from the solidarity payments) -

https://twitter.com/SwissRamble/status/ ... 7532266498" onclick="window.open(this.href);return false;

Trevor Hemmings, the owner, appears to give them a leeway of up to £5m on average losses (which is more generous than I would want our owners to be), though that wasn't necessary last season St David of Moyes gave them £10m for Jordan Hugill

Royboyclaret
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Re: Football's Magic Money Tree

Post by Royboyclaret » Tue Mar 05, 2019 1:11 pm

All credit to Preston in that they are able to report a Net Profit based on an Income of just £13.3m, albeit with a significant Profit on Player Sales.

We struggled to break-even in the Championship on similar levels of Turnover.

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 05, 2019 1:18 pm

Everyone does Roy and with wages at 118% of turnover how could you not

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 05, 2019 1:34 pm

Speculation that Derby might be about to lose their own version of the "Magic Money Tree" and with supposed losses of around £3m a month (incredible really) it is hard to see why you wouldn't be fed up

https://www.dailymail.co.uk/sport/footb ... -exit.html" onclick="window.open(this.href);return false;

no financial results for last season yet but here is Swiss Rambles view on 2016/17

https://twitter.com/swissramble/status/ ... 28?lang=en" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 05, 2019 4:50 pm

Another point on PNE - Hemmings has put well over £70m into the club writing off almost half of it - we joke about Rovers and Bolton but that is some way away from a stable sustainable operation - and much more of a contribution than I would like our board to make (not that I think any of them could)

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 05, 2019 5:48 pm

Rui Pnto - "John" of football leaks fame has lost his extradition battle in the Hungarian courts - this is going to get nasty for him

https://www.theguardian.com/football/20 ... ball-leaks" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Tue Mar 05, 2019 6:18 pm

Chester Perry wrote:Another point on PNE - Hemmings has put well over £70m into the club writing off almost half of it - we joke about Rovers and Bolton but that is some way away from a stable sustainable operation - and much more of a contribution than I would like our board to make (not that I think any of them could)
At the last count Mike and JohnB had a combined net wealth of £80m compared to Trevor Hemmings' £850m, so just a small difference.

So, in terms of what each owner in able to input, it really is all relative. My information is that if Hemmings' racehorse Many Clouds had won the Grand National two years ago he would have unhesitatingly written off his outstanding loans to PNE. So, in total, a figure approaching £70m. I wonder if Venky's would have a similar approach.

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 06, 2019 12:45 pm

following on from Wolves financial report yesterday - Aston Villa show what 2 years of trying to get out of the Championship (after a long stay in the Premier League) on Parachute money looks like - can't say they made great choices but the reading is painful


https://www.bbc.co.uk/sport/football/47468115" onclick="window.open(this.href);return false;


Swiss Ramble on the previous years results and their FFP challenges

https://twitter.com/swissramble/status/ ... 36?lang=en" onclick="window.open(this.href);return false;
https://twitter.com/swissramble/status/ ... 93?lang=en" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 06, 2019 11:56 pm

In post #380 The Telegraph gave us a look into the astronomical finances of Barcelona and Real Madrid. following last nights mauling by Ajax they give a clear insight into how much the success of the previous 5 years has cost them (and how Juventus took advantage), Behind a paywall so copied in full -

Real Madrid's success papered over their spiralling costs – now the party is over it is clear for all to see
Sam Wallace - Chief Football Writer

All great teams must fall, it is the immutable law of the game, and so when Real Madrid’s three-straight Champions League winners fell to Ajax Amsterdam’s partly homegrown, entirely low-budget ensemble on Tuesday the moment felt like a thrilling rejuvenation of the elite game.
It went the same way for the great Ajax team of the early 1970s who won three in a row, overtaken by the Bayern Munich of the mid-part of that decade later dethroned themselves by the late 1970s, early 1980s, English hegemony of Liverpool, Nottingham Forest and Aston Villa. There will be a time for the modern Madrid to be celebrated for four titles in five years but not in the immediate aftermath of crashing in all three major competitions at the Bernabeu in the space of one week.

For the Madrid of the last decade, the European success of the last five years has always come at a price, one that was ultimately unsustainable for the club, ignored by a supine Spanish media, and unchallenged under the autocracy of the president Florentino Perez. As long as there was glory in the Champions League it never seemed to matter that the club were borrowing to pay a spiralling wage bill, selling players to stay in profit and staggering under a delayed, debt-heavy stadium redevelopment.

That Madrid have sustained the myth that they are the natural final destination for every great player is as remarkable as anything else they have achieved in the last five years. To recap what this column has long reported, their last financial reports were published on the final day of June, 24 hours before they pay their bi-annual wage bill which was, in the most recent accounts, €207 million for the half year. At a stroke that wiped out the €190 million cash reserves that had been framed in some quarters as the transfer budget for the following year.

To meet the shortfall ten days later the club sold Cristiano Ronaldo to Juventus, with an up-front payment of €50 million that meant for this year they may not have been obliged to borrow to cover their existing wage bill. With the fee booked and Ronaldo’s previous salary commitments to 2021 divested, the club avoided projecting a €87 million loss that even Perez would have struggled to explain to the membership.

Ronaldo’s direct replacement, the Dominican Republic international Mariano, who returned to the club from Lyon, has scored just one Champions League goal this season. Thibaut Courtois was signed in return for Chelsea being waived their second payment on the striker Alvaro Morata, whom Madrid had sold them in the summer of 2017 in order to claw back accounting losses in that final year. One year later, Ronaldo, the greatest goalscorer in Madrid’s history was sold to do the same, and only now is the failure to adequately replace him being felt eight months later.

When the list of players in whom Madrid would be interested is inevitably drawn up, the question is never the most fundamental: what are they to sign them with? Madrid’s public accounts reveal they simply do not have the cash for the huge up-front payment for Harry Kane or, even more implausible, Kylian Mbappe. Even Eden Hazard, whose contract situation makes him a more realistic target, would have to be a buy now, pay later. Chelsea’s director Marina Granovskaia may well ask why she would want to risk facing Madrid in the Champions League next season, with her club’s current best player on the opposing side, for little immediate financial gain.

There is the enduring belief that somehow, the Spanish state will bail out Madrid. The reality is that whatever Perez’s allies in Spain’s Popular Party might have liked, the development of the Bernabeu has been made much more difficult by the election of left-wing city councils who are not so amenable to the club’s expansionist ambitions. The outcome of local elections in May will be critical. Even the man who controls ACS, Spain’s biggest construction company, has not been able to push through a Bernabeu redevelopment first proposed in 2011.

At the club’s previous assembly in July, Perez was given the mandate to borrow €575 million to redevelop the Bernabeu, a project that will add a shopping centre but not a single extra standard seat. Still no news, eight months on, as to where the money is coming from, but strong suggestions that now banks in the United States have been approached rather than the once pliable Spanish banks.

With two Barcelona defeats in four days accounting for the club’s cup and league hopes, and then the Ajax comeback, Perez needs a distraction more than ever. Yet everything the club has done recently has been aimed at saving money, from the disastrously-timed appointment of the cut-price Spain manager Julen Lopetegui, to his hapless cut-price successor Santiago Solari. Last June, the club forecast a slight fall in its wage bill which has been bloated by Champions League win bonuses, but shortly after that gave a big new contract to Luka Modric.

There were chants calling for Perez’s resignation on Tuesday night, and there is low-level opposition to the 71-year-old but given his rewriting of club statutes that require any candidate to have a bank guarantee of almost €100 million, meaningful change is difficult. This is a great squad of players now clearly past their best with big contracts that mean they have little sell-on value. There is no cash to make changes. Any presidential successor would have all the problems and none of the trophies.

All great teams must fall, but some fall harder than others. The Madrid side of this decade could be hard to love but they were a great European team: patient, ruthless and at their best on the big occasion. While they were successful, there was an easy distraction from what they cost. Now the party is over, and the price looks extraordinary.

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 07, 2019 1:54 pm

We have read (on this thread) in recent weeks Jon Nicolson's view on the money in football, So last night's result in Paris gave another Jon (Wilson) the chance to stick the proverbial boot in to those who seem more money than sport focused

https://www.theguardian.com/football/bl ... e-football" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 07, 2019 7:07 pm

It has taken a fair few weeks but UEFA have finally confirmed they are investigating Man City over FFP breaches

https://www.bbc.co.uk/sport/football/47490375" onclick="window.open(this.href);return false;

https://www.theguardian.com/football/20 ... league-ban" onclick="window.open(this.href);return false;

https://www.dailymail.co.uk/sport/footb ... -City.html" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 07, 2019 7:23 pm

The power struggle in the Football League continues t show it's impact - Championship clubs want more money and influence - The first victim was the Chair of the league now the interim chair has said I have had enough - it is getting rather messy there and looks likely to get a lot worse


https://www.telegraph.co.uk/football/20 ... cted-step/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 07, 2019 11:14 pm

FIFA looking at capping the fees agents can claim and limiting who pays them and who they represent - not before time in my view but will it actually happen

https://www.telegraph.co.uk/football/20 ... d-fee-cap/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by dsr » Thu Mar 07, 2019 11:19 pm

Chester Perry wrote:FIFA looking at capping the fees agents can claim and limiting who pays them and who they represent - not before time in my view but will it actually happen

https://www.telegraph.co.uk/football/20 ... d-fee-cap/" onclick="window.open(this.href);return false;
That seems so obviously a good thing that I can't see why it isn't in already. How can an agent work for a club and the player anyway? If United offer Smith's agent £x million if Smith moves to them, how can the agent possibly be working in utmost good faith for Smith?

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 07, 2019 11:34 pm

Much has been made of Man City's farming operation yet we know little about what happens at the club itself with it's young players. Yes we have had reports on this board about all the sessions they run and inviting young teams to their training complex, This report, however, is quite disconcerting to say the least.

http://trainingground.guru/articles/man ... te-madness" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 07, 2019 11:36 pm

dsr wrote:That seems so obviously a good thing that I can't see why it isn't in already. How can an agent work for a club and the player anyway? If United offer Smith's agent £x million if Smith moves to them, how can the agent possibly be working in utmost good faith for Smith?
Doesn't it just - I am sure this has been tried before, I do think it will be difficult to implement and as the article says it could lead to a very shadowy set of practices

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 08, 2019 10:22 am

Much discussion on this board about the 2017*18 financial results of Wolves last week - Swiss Ramble has now done his analysis

https://twitter.com/SwissRamble/status/ ... 6124211202" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 08, 2019 7:32 pm

Chelsea thought appealing against their transfer ban would allow them to buy in the summer - like both Barcelona and Real Madrid have done in the past - apparently not - they are not happy chappies

https://www.bbc.co.uk/sport/football/47500863" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 08, 2019 7:34 pm

The Premier League are now investigating Man City over FFP following yesterday's announcement from UEFA

https://www.bbc.co.uk/sport/football/47501423" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 08, 2019 11:04 pm

So with the Premier League joining the investigation fest into Man City - they have achieved their first quadruple of the season - parallel investigations by FIFA, UEFA, The FA and the Premier League - that is almost as remarkable achievement as the other one they are after. Naturally someone is looking to make some money out of it - Watford for the Sancho steal

https://www.telegraph.co.uk/football/20 ... k-premier/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by dsr » Sat Mar 09, 2019 1:26 am

Chester Perry wrote:Chelsea thought appealing against their transfer ban would allow them to buy in the summer - like both Barcelona and Real Madrid have done in the past - apparently not - they are not happy chappies

https://www.bbc.co.uk/sport/football/47500863" onclick="window.open(this.href);return false;
Good. They're seriously suggesting that none of the 29 boys they are convicted of illegally signing, were in any way approached by Chelsea and paid to come? All 29 sets of parents decided of their own accord to come to the UK and just happened to sign for Chelsea?

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Mar 10, 2019 1:28 am

An interesting contrast in how different countries and authorities (UEFA not using it) want to use the Football Leaks data - including the possibility that It may get destroyed before it can be used.

https://www.dailymail.co.uk/sport/footb ... -City.html" onclick="window.open(this.href);return false;

FIFA on the other hand have been using the documents apparently

https://www.dailymail.co.uk/sport/footb ... clubs.html" onclick="window.open(this.href);return false;

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