Football's Magic Money Tree

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Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Jul 02, 2019 2:51 pm

Bournemouth have submitted revised plans for a new training facility - looks impressive, bigger than ours and certainly expensive

https://www.afcb.co.uk/news/club-news/a ... ng-complex" onclick="window.open(this.href);return false;

https://www.bbc.co.uk/news/uk-england-dorset-48828242" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Jul 02, 2019 3:05 pm

In play betting is now such a common feature of advertising many don't give it much thought (apart from those of us who want to remove such advertising) - but this kind of gambling relies heavily on live data - much of which is collected and protected by license. There has been a growing problem of such data being stolen or licenses ignored and other non licensed groups collecting data for profit. Here Mark Locke of Genius Sports (a sports data and technology company) looks at the issues

https://egr.global/intel/opinion/how-li ... -industry/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Tue Jul 02, 2019 3:51 pm

Chester Perry wrote:Bournemouth have submitted revised plans for a new training facility - looks impressive, bigger than ours and certainly expensive

https://www.afcb.co.uk/news/club-news/a ... ng-complex" onclick="window.open(this.href);return false;

https://www.bbc.co.uk/news/uk-england-dorset-48828242" onclick="window.open(this.href);return false;
Impressive indeed covering 57 acres of the former Canford Magna golf site. However way back in 1955 Bob Lord purchased 79 acres of land at Gawthorpe which manager Alan Brown and several of the players turned into a first class training facility. So, considerably bigger than Bournemouth are about to become involved with.

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Jul 02, 2019 3:54 pm

Royboyclaret wrote:Impressive indeed covering 57 acres of the former Canford Magna golf site. However way back in 1955 Bob Lord purchased 79 acres of land at Gawthorpe which manager Alan Brown and several of the players turned into a first class training facility. So, considerably bigger than Bournemouth are about to become involved with.
Roy I was talking about the facilities - more pitches and the building looks to be bigger and that indoor pitch looks full size

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Re: Football's Magic Money Tree

Post by Royboyclaret » Tue Jul 02, 2019 5:09 pm

For anyone who hasn't taken a look at the new facilities I can highly recommend a visit. I'm fortunate to walk the dog on a regular basis on the other side of the river down Grove Lane and the finished article is an absolute credit to all involved at Burnley fc.

Three full sized pitches and two three-quarter size and other smaller pitches. One of the full size replicates the one at Turf Moor as a heated Desso version. The total cost in 2017/18 was £10.5m and represents a wonderful investment for years to come.
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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jul 03, 2019 1:16 am

In post #1127 (http://www.uptheclarets.com/messageboar ... start=1123" onclick="window.open(this.href);return false;) I noted Norwich had borrowed against future TV income to help cover some of the costs of promotion, and I also spoke of the costs of meeting the demands of the Premier League and it's paymasters - for a club that has been out of this environment for some time/or have never been in it the demands can be quite substantial, as it appears Sheffield Utd are finding out - they are not sure they will be ready in time (hardly surprising with the distraction of the court case over the last 6 weeks

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jul 03, 2019 9:46 am

Yesterday we had the news that Macclesfield players were taking the club to court over unpaid wages, part of a Winding up order

https://www.bbc.co.uk/sport/football/48838303" onclick="window.open(this.href);return false;

today @KieranMaguirre shows that they recently took another loan - probably to pay off HMRC

https://twitter.com/KieranMaguire/statu ... 3600272384" onclick="window.open(this.href);return false;

find it difficult to believe players are signing for them when existing players haven't been paid for months, never mind the issue of proving you have funds to cover the oncoming season as per EFL requirements

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jul 03, 2019 1:02 pm

Well that didn't take long did it, the Premier League looks to take over the Women's Super League - TV audiences have been high at the Women's World Cup - and to be fair many of the Premier League clubs have a presence in the women's super League

https://www.bbc.co.uk/sport/football/48850853" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jul 03, 2019 1:11 pm

It appears that the EFL giving Birmingham City a points deduction for failing FFP has started changing the mindset in the boardrooms of the Championship - certainly if the Leeds Director of Football is to be believed

https://offthepitch.com/a/we-have-be-creative" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jul 03, 2019 1:21 pm

Yet it was only in March this year that Chris Wilder (manager of Sheffield Utd) argues that the punishments need to be stronger as clubs are ignoring the rules

https://offthepitch.com/a/sheffield-uni ... -sanctions" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jul 03, 2019 3:50 pm

I posted about the terrible abuse in Afghanistan by their FA officials in #1338 (http://www.uptheclarets.com/messageboar ... start=1337" onclick="window.open(this.href);return false;) and about how FIFA charged and banned for life Keramuudin Karim (Afghan FA President) n post #1360 (http://www.uptheclarets.com/messageboar ... start=1359" onclick="window.open(this.href);return false;). But if you read the initial Guardian report it was clear that it was more than one person committing these crimes, now the coach of the women's team, has said that FIFA President Gianni Infantino is personally responsible for not bring others up on charges at FIFA and demanded he resign

https://apnews.com/b2a2727a05f746489f9a62bed36b6353" onclick="window.open(this.href);return false;

so much for the new FIFA being recognised for it's "Integrity"

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jul 03, 2019 10:19 pm

In post # 1521 (http://www.uptheclarets.com/messageboar ... start=1520" onclick="window.open(this.href);return false; ) I linked Philippe Auclair and Pål Ødegård's 1st part of a months long investigation into CAF and it's President Ahmad Ahmad who was seemingly ushered into his post at the behest of FIFA President Gianni Infantino (there is are also links in that post to the recent arrest in Paris and the request to FIFA to sort out CAF) now we have the 2nd part of an ongoing series - corruption, fraud and the pursuit of personal gain evidently remains at the heart of the FIFA Council despite clams to the contrary

http://josimarfootball.com/new-order/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jul 03, 2019 10:48 pm

Many of you may have read this review of last night's match between Brazil and Argentina

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

or even this one

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

It now transpires that the VAR communication signal was continually being interrupted by the Brazilian Presidents security team prior to the game

https://twitter.com/DanEdwardsGoal/stat ... 2020885504" onclick="window.open(this.href);return false;

Always good to have a fresh conspiracy to play with now and gain

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jul 04, 2019 11:44 am

In what may yet be called the Ajax rule - UEFA considering that all Champs League semi finalists (rather than just the winner) are guaranteed inclusion in the following seasons tournament, also as a way of seriously winding up FIFA and Gianni Infantino, UEFA are in talks with it's South American counterparts to shortcut a World club final with a Champions of Cahmpions between the CL winners and the Copa America winners - from the TIMES

Teams who reach last four could earn qualification for following season - by Sebastián Fest
July 4 2019, 9:00am,

Aleksander Ceferin, the Uefa president, has revealed that the idea of “protecting” teams who reach the latter stages of the Champions League by ensuring they qualify for the following season’s tournament is among the reforms being considered for the competition.

Ceferin, speaking in an interview at Uefa’s headquarters in Nyon, also disclosed that Uefa is in advanced talks with the South Americans for a “champion of champions” match next year between the winner of Euro 2020 and the winner of the Copa America.

Uefa is consulting on reforms of the Champions League, its elite club competition, and the Slovenian lawyer said one of the proposals was to ensure qualification for those clubs such as Ajax who reached the semi-finals but have no guarantee of playing in the group stage next season.

There are other proposals too — the most controversial one being put forward by the European Clubs’ Association is to change the tournament to four groups of eight teams. The Times revealed last month that another proposal is to expand the Champions League from 32 clubs to 40 or 48, in groups of five or six instead of four teams.

It has even been suggested that all semi-finalists should qualify for the following season.

Ceferin said: “We would like to protect teams like Ajax this year, or Monaco and Leicester City before. Ajax played the semi-finals this year and now they will have to sell all their players because they don’t know if they will qualify for the Champions League next year.

“I don’t think we should protect too many clubs, because then it’s too closed, but I think we have to protect some clubs. One idea is that those clubs who succeed at a certain stage of the competition can compete the following year too. But it is a discussion only. We have a meeting on September 11 to debate it with leagues and clubs.”

He also ruled out any possibility of a Super League just involving the top European clubs, saying: “A Super League will never happen while I’m here.”
In relation to the “champion of champions” competition talks with Conmebol, the South American confederation, Ceferin was adamant that Uefa did not need Fifa’s agreement for it to take place.

“We absolutely don’t need any Fifa permission. Why would we need permission for a competition?”, said Ceferin. “This is a decision for the two confederations. Because we are not members of Fifa, we are independent. We are partners, not subordinates”.

Ceferin defended Uefa’s decision to stage the Europa League final in May in Azerbaijan, which came in for much criticism after two English clubs, Arsenal and Chelsea, made it to the final. He said the complaints from England had not gone down well in the rest of Europe.

“We are the governing body of European football and have to develop it everywhere, not just in the big countries,” he added. ”We don’t wait for the last two weeks to decide the finals when we see there are, for example, two English teams.

“Arsenal complained [the most]. That was probably because of the fans. They just complained. There is no alternative, even if they offer something. Every single part of Europe is far for someone. You go with the Europa League [final] to the other parts of Europe to develop football.

“These situations are not received well . . . It’s always good to be productive and respectful. But the FA, I must say that, they now have a very good leadership. Very respectful, they travel around, they try to help the smaller countries.”

Ceferin and the Fifa president Gianni Infantino have been at loggerheads over several issues including a new Club World Cup, a global Nations League, and Fifa’s secretary-general Fatma Samoura being sent to oversee the crisis-hit African football confederation. Ceferin insisted however he has no desire to become Fifa president himself in the future.

“No, Fifa no,” he said. “At Uefa, I don’t know. We have term limits anyway. But you never know, because if you had told me five years ago that I would be Uefa president I would have laughed. You never know what life will bring. I have until 2023 and I have to decide what to do. Right now, I’m enjoying myself, this is a football organisation, not a political organisation.”

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jul 04, 2019 12:08 pm

These are a useful resource - the Association of Sporting Directors has started a regular Legal newsletter to it's members - provides a useful roundup of legal issues surrounding football

Issue 1 https://associationofsportingdirectors. ... latest.pdf" onclick="window.open(this.href);return false;

Issue 2 https://associationofsportingdirectors. ... y-2019.pdf" onclick="window.open(this.href);return false;

In what is a relatively new profession (though fast developing and regarded by many as essential - witness the pillorying of Man Utd recently) the ASD provides a valuable resource on the issues that Sporting Directors face - for those wanting to keep up

https://associationofsportingdirectors.com/" onclick="window.open(this.href);return false;
https://twitter.com/ASD_SportDir" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jul 04, 2019 12:27 pm

Not sure I really se this going anywhere - apparently some clubs (who? Boro?) are asking the Premier League to investigate and reject Aston Villa's stadium sale that helped them avoid FFP

https://offthepitch.com/a/clubs-want-pr ... adium-sale" onclick="window.open(this.href);return false;

https://talksport.com/football/567296/p ... stigation/" onclick="window.open(this.href);return false;

The times article https://www.thetimes.co.uk/article/asto ... -0tcrzjl7b" onclick="window.open(this.href);return false; - I have used my free reads this week so if someone could transcribe would be grateful

- just cannot see how this would work as many clubs no longer directly own their ground and as @KieranMaguire showed the wording preventing such sales was explicitly removed from the latest Profit and Sustainability rules (see post #1506 http://www.uptheclarets.com/messageboar ... start=1505" onclick="window.open(this.href);return false;)

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jul 04, 2019 4:33 pm

Afghanistan's women's team coach Kelly Lindsey's criticism of FIFA and Gianni Infantino (see post #1561 http://www.uptheclarets.com/messageboar ... start=1560" onclick="window.open(this.href);return false;) has not gone down well with FIFA who somewhat predictably say they are looking closely at the situation

https://apnews.com/8bc51d36c9df40ae96557b5bd18113af" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jul 04, 2019 4:40 pm

Remember that post about Sepp Blatter and his watches still in the office at FIFA (see post #1022 http://www.uptheclarets.com/messageboar ... start=1021" onclick="window.open(this.href);return false;) he is still banging on the case

https://www.bbc.co.uk/sport/football/48865823" onclick="window.open(this.href);return false;

@TariqPanja who broke the story back in May doesn't seem to impressed with the BBC's exclusive

https://twitter.com/tariqpanja/status/1 ... 1658413056" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 1:54 am

I have been sat on this for a while waiting for it to develop, Garry Monk was sacked by Birmingham City because he wanted to use his agent to buy players, this sparked concern at Middlesbrough, who started to look at transactions while he was with them, for a manager who Birmingham fans at least rate, he could be heading out of the game if Boro's initial findings lead to prosecution.

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

I also suspect that Swansea and Leeds will be carrying out investigations of their own, no wonder that Newcastle link died very quickly http://www.uptheclarets.com/messageboar ... 1&start=07" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by RammyClaret61 » Fri Jul 05, 2019 4:19 am

Monk to now take vow of silence!!

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 1:16 pm

@KieranMaguirre talks football finance with a particular focus on the Sheffield clubs - part 1 Wednesday

https://www.youtube.com/watch?time_cont ... O0fkQz1F4Q" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 1:30 pm

FIFA are expected to announce the 2021 Club world cup (the revised 24 team competion (http://www.uptheclarets.com/messageboar ... &start=662" onclick="window.open(this.href);return false;) as being June 17 - July 4 2021 - with a Womens version before it with a a womens European Championships in England in the July - not much rest their then for the top players

https://twitter.com/RobHarris/status/11 ... 1221785601" onclick="window.open(this.href);return false;

looking like China may the be the ones that blew the Saudi/Softbank deal out of the water (see post #1353 http://www.uptheclarets.com/messageboar ... 91&start=1" onclick="window.open(this.href);return false;)

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 2:28 pm

PSG start to move away from Qatari primary sponsorships - possibly because of the hoohaa Football Leaks caused Man City - used google translate as article in French -be warned for some weird sentence structures

https://translate.google.com/translate? ... 1481423553" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 2:47 pm

Simon Chadwick on what appears to be Phase 2 of China's sports sponsorship plan as it builds it's soft power status

https://twitter.com/Prof_Chadwick/statu ... 2641916928" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 3:02 pm

A detailed post on how FIFA can improve it's regulations and approach to protecting the rights of children

https://verfassungsblog.de/we-need-to-t ... ligations/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 3:04 pm

Bath City have plans to redevelop their ground at Twerton Park - those who want our club to do the same may ask - if they can, why can't we?

https://twitter.com/BathCity_FC/status/ ... 9029782528" onclick="window.open(this.href);return false;

video

https://twitter.com/fcbusiness/status/1 ... 2195033091" onclick="window.open(this.href);return false;

Scunthorpe doing there's too

https://www.grimsbytelegraph.co.uk/news ... on-3047989" onclick="window.open(this.href);return false;
Last edited by Chester Perry on Fri Jul 05, 2019 3:10 pm, edited 1 time in total.

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 3:08 pm

Following on from the media success of the women's world cup - premier expansionist Gianni Infantino has revealed plans to expand the next edition to 32 teams, also planning to double the prize money to $60m a huge (sic) 14% of the men's version

https://apnews.com/a36839d33ae04361806a8901782ef552" onclick="window.open(this.href);return false;

just so that prize money is put into further context FIFA currently have cash reserves of $2.7bn
Last edited by Chester Perry on Fri Jul 05, 2019 3:50 pm, edited 1 time in total.

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 3:16 pm

Latest issue of FC Business is out - couple of interesting articles on Football Clubs in crises, the gap between the Premier League and EFL and one from the Football Supporters Association - also I hadn't noticed that the Prime Minister had been to Burnley recently

https://cloud.3dissue.com/6374/7271/131 ... .html?r=92" onclick="window.open(this.href);return false;
Last edited by Chester Perry on Fri Jul 05, 2019 3:34 pm, edited 1 time in total.

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 3:24 pm

Les Ferdinand talks about PR coming to their senses and taking a more sustainable approach - including cutting the wage bill by 70% - and how tough it has been to do

https://talksport.com/football/efl/5674 ... d-leaving/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 3:43 pm

Article on why Juventus are world leaders at getting top quality players on free transfers and why Pirlo was the trigger

https://www.espn.co.uk/football/club/ju ... -transfers" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Fri Jul 05, 2019 4:56 pm

Chester Perry wrote:Les Ferdinand talks about PR coming to their senses and taking a more sustainable approach - including cutting the wage bill by 70% - and how tough it has been to do

https://talksport.com/football/efl/5674 ... d-leaving/" onclick="window.open(this.href);return false;
I see Lee Hoos continues to work his magic at QPR. We should be forever grateful he moved on from Turf Moor.

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 5:05 pm

to be fair to Lee Hoos he is asked to do a firefight in his called in, never going to make you popular irrespective of your communication skills

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Re: Football's Magic Money Tree

Post by Royboyclaret » Fri Jul 05, 2019 5:14 pm

Chester Perry wrote:to be fair to Lee Hoos he is asked to do a firefight in his called in, never going to make you popular irrespective of your communication skills
Don't understand that, Chester.

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jul 05, 2019 5:23 pm

He has been asked to rescue a club in difficulty (we were in a financial mess when he was here too) I don't particularly care for the guy but that cutting of the cloth never makes you popular with fans.

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Re: Football's Magic Money Tree

Post by Royboyclaret » Fri Jul 05, 2019 5:29 pm

I never saw Lee Hoos and Burnley Football Club as a good fit. His ideas were never going to work here and it was best for both parties when he moved on.

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jul 06, 2019 2:49 am

Following Birmingham City and Middlesbrough (http://www.uptheclarets.com/messageboar ... start=1568" onclick="window.open(this.href);return false;) Leeds have come out and said they had misgivings about his dealings with his agent

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

we just need Swansea to do the same and we have a full house and possibly little chance of Monk managing again - then again football is a fickle world - still strange that no one went to the authorities with their concerns

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jul 06, 2019 3:22 am

It is a perennial subject of discussion on this board, getting new owners/investors to takes to the 'fabled next stage'. But just what do investors want - here sportsbusiness,com presents a very interesting article on Investing in football clubs

How football clubs can cash in on the game’s changing investment landscape - byJonathan Dyson - July 5, 2019

- Nature of investment in football is evolving as it attracts more private equity
- Clubs can leverage new investment, both on and off the pitch
- Risks and rewards vary across different leagues

According to KPMG’s ‘The European Elite 2019’ report, published in May, the combined enterprise value of the 32 most prominent European football clubs increased nine per cent in 2018, and has grown 35 per cent over the past three years.

This growth rate contrasts with the fortunes of European stocks in the same period – notably the STOXX Europe 50 Index, whose value fell 13 per cent in 2018, the report notes. It says this demonstrates “the different pace at which the football industry is evolving.

Charles Baker, co-chair of New York-based O’Melveny’s sports industry group, which advises on a broad array of transactions, including M&A, tells SportBusiness that “an investment into a football club currently offers investors the potential for significant return on their initial investment, as the CAGR for sports team ownership is better than almost every other asset class over the last five, 10 and 20 years”.

He adds: “Given the current levels of growth in the sports market, an investment in a football club may be a smart portfolio choice. A lot of investors see this asset class as the new frontier for sports investment, especially when compared to the NFL and MLB, which are seen as more mature properties.”

Baker also notes that due to financial fair play regulations and other factors such as stable sponsorship revenues driven by global appeal, the profitability of European clubs is growing.

Stephen Duval, co-founder of London-based 23 Capital, which provides finance to the sports and entertainment sectors, tells SportBusiness that a new wave of investors has entered football and is changing the landscape.

“Football clubs are definitely being seen far less as trophy assets for rich people,” he says.

“They are now run like proper businesses. Even Manchester City – you may say Abu Dhabi are throwing money at it, but they’ve turned it into a business.”

His co-founder at 23 Capital, Jason Traub adds: “We are seeing more institutional financial interest in football now.”

Examples of US private equity investors buying into European clubs include Jason Levien and Steve Kaplan (Swansea City), John Henry (Liverpool), Harris Blitzer Sports & Entertainment (Crystal Palace), The Tornante Company (Portsmouth), Joe DaGrosa (Bordeaux), and James Pallotta (AS Roma).

Challenges for clubs
Baker says that the influx of private equity “cannot be understated because it significantly increases competition for clubs, driving up prices”.

He adds: “I think we will also see more clubs changing hands, due to the focus on short-term returns and exits, which could create instability at certain clubs. These short-term turnarounds could lead clubs to take actions that are riskier from a regulation or operational perspective, and that a long-term investor would not otherwise take.”

However, he adds: “Private equity firms can be savvy financial investors focused on buying underappreciated assets and making certain operational and financial changes to unlock value.”

Duval notes that “there are a lot of principles to private equity, so the rules about getting out in a managed timeframe are less relevant”. Such principles include alignment of interest, governance and transparency. “Particularly in the Premier League a lot of these principles of private equity are getting involved.”

Comparing the influx of private equity to previous waves of owners, Traub adds: “I think the financial community coming in is potentially a healthier one. Most private equity investors come with a challenging mindset, a smart mindset.

“A lot of them will have a financial driver but what is clear from the Premier League, for example, is that an individual investor will learn quickly how to balance financial performance with stakeholder interest – and by that I mean the fans and the local community.”

Attracting PE investment
Baker stresses that a club “must be appropriately priced to provide an acceptable risk/return from a capital cost perspective. Without that, all of the operational changes will not provide much upside”.

He explains that investors are more wary of buying stakes in European clubs, especially in the Premier League, because of the risk of relegation and its effect on club value.

“There is definitely an increased sense of caution when buying a Premier League club,” he says.

To overcome some of that risk his group recommends structured deals with a contingency, with a certain portion of the purchase price – typically 20-to-30 per cent – held back and provided only if the club meets certain “relegation/promotion metrics”.

Last year’s sale of Aston Villa was an example of such a deal. The NSWE group purchased a controlling 55-per-cent stake in the club, which won promotion back to the Premier League in May, triggering the remainder of the purchase price to be paid. “This type of structure in a deal is becoming increasingly common,” says Baker.

Challenges for investors
At the FT Business of Football Summit, held in London on May 31, Goldman Sachs managing director Gregory Carey said it is still extremely challenging for investors in English clubs outside of the elite to grow the value of their investments.

“There is a lot of competition for very few spots,” he said. “Some teams that you think should be playing in the Premier League have been relegated, so it’s very tough. People think they understand the space, but they are realising how hard it is.”

Carey pointed to the example of Swansea City, who were relegated from the Premier League in 2017-18 after seven consecutive seasons in the top flight. A consortium of American businessmen had acquired a controlling 68-per-cent stake in the club in July 2016.

“It’s a lot easier to buy a mid-level club in Italy than an English Championship club because you have a much better chance of staying up,” Carey said.
However, Traub observes that other challenges exist in Italy and elsewhere in Europe, and points to the chronic delays in the building of AS Roma’s new stadium as a prime example.
James Pallotta, Roma’s American owner and president, presented plans for the new ground in March 2014 and targeted the 2016-17 season for its opening. Construction has still not started, with the project suffering a number of setbacks including the arrest of nine people linked to the building of the stadium.
Traub said that owners of Premier League clubs are likely to find fewer obstacles to driving growth and will “feel like the destiny is in their own hands”.

Leveraging investment
Traub adds that multiple ownership of clubs is a way for additional value can be unlocked, with the City Football Group, which along with Manchester City owns parts of clubs in the US, Australia, Japan, Spain, Uruguay and China, leading the way.

Traub notes that City are formalising the multiple ownership of clubs done already elsewhere, for instance by the Pozzo family. “Manchester City have a thesis to institutionalise football ownership under one umbrella,” he explains.

Other similar developments are likely to emerge soon. “We are seeing a much healthier want by new investors to look at consolidating a number of clubs,” Traub reveals. “We know of three or four parties that are looking to drive that same thesis.”

Ebru Köksal, senior advisor at investment management firm J. Stern & Co. and former chief executive at the Galatasaray Group, says that women’s football also represents a valuable opportunity for clubs, pointing to Lyon, whose women’s side has won six Uefa Women’s Champions League titles, including the last four in a row. Lyon is owned by French businessman Jean-Michel Aulas, and Köksal says the club’s women’s side “has been one of the best investments of his life”.

Köksal adds: “If I had €10m I would definitely go for a women’s club because the growth potential there is tremendous. Also, there is less competition and it’s easier as you are starting with a blank page.”

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jul 06, 2019 3:30 am

The bidders for the Men's under 20 world cup in 2021 are mixed bag to say the least with some leaving you wondering just what FIFA care about

https://twitter.com/RobHarris/status/11 ... 4703568897" onclick="window.open(this.href);return false;

The confirmation that Myanmar (the world's current genocide hotspot) is one of the bidders has provoked outrage - but as we well know football will take the money wherever it can get it - it is a matter of weeks since Leeds played in Myanmar. Which caused plenty of controversy in the build-up

https://www.policyforum.net/leeds-score ... tour-plan/" onclick="window.open(this.href);return false;

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jul 06, 2019 3:39 am

This may interest some of you - a new ebook - ‘England’s Oldest Football Clubs 1815-1889: A new chronological classification of early football’

https://twitter.com/martinwestby/status ... 2098283520" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Sat Jul 06, 2019 10:21 am

Chester Perry wrote:This may interest some of you - a new ebook - ‘England’s Oldest Football Clubs 1815-1889: A new chronological classification of early football’

https://twitter.com/martinwestby/status ... 2098283520" onclick="window.open(this.href);return false;
They appear to have us down as 1874 to present date, but it was at a meeting in May 1882 that the Burnley Rovers Football Club held a special meeting at which it was decided that there should be a change of codes. Association football took over from rugby as the game played by the town then based at Calder Vale.

We then switched to Turf Moor at the invitation of the neighbouring Cricket Club in February 1883.

Which was the first club formed in Lancashire and how many years before our 1882 starting point ?

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Re: Football's Magic Money Tree

Post by Swizzlestick » Sat Jul 06, 2019 10:28 am

Rovers, I think.

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jul 06, 2019 1:17 pm

Royboyclaret wrote:They appear to have us down as 1874 to present date, but it was at a meeting in May 1882 that the Burnley Rovers Football Club held a special meeting at which it was decided that there should be a change of codes. Association football took over from rugby as the game played by the town then based at Calder Vale.

We then switched to Turf Moor at the invitation of the neighbouring Cricket Club in February 1883.
If you look at the extended title it talks about all forms of football including rugby in those early days, and I am assuming that all those clubs changed to Association Football at some point - like us so the formation date will be correct as you are about the switch to Association Football

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Jul 07, 2019 1:07 am

following on from post # (http://uptheclarets.com/messageboard/vi ... start=1570" onclick="window.open(this.href);return false;) @KieranMaguire continues his discussion of football finance with particular focus on Sheffield Utd this time

https://www.youtube.com/watch?v=CWJ4xbJDEs4" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Jul 07, 2019 1:16 am

Topical for the transfer season

Daniel Geey known as @FootballLaw gives a talk on his widely acclaimed book "Done Deal - an Insiders Guide to Football Contracts, Multi Million pound Transfers and Premier League Big Business" - ***Warning*** lasts the best part of an hour

https://www.youtube.com/watch?v=5kiiennLtwE&app=desktop" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Jul 07, 2019 1:27 am

In post #1565 (http://uptheclarets.com/messageboard/vi ... start=1564" onclick="window.open(this.href);return false;) I introduced the Association of Sporting Directors - here TIFO Football look at just what a Director of Football (it's other name in the game) is

https://www.youtube.com/watch?v=YMVdrGbZkGo" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Jul 07, 2019 11:29 am

@BarneyRonay of the Guardian looks at the once shining light of Neymar, what has changed and the incredible range of endorsements he has signed - he found the Magic Money Tree and abused it - it would seem

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Jul 07, 2019 6:08 pm

@KieranMguire produces a chart matching wages to points earned over the last 25 years of records in the Premier League

https://twitter.com/KieranMaguire/statu ... 3005260800" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Sun Jul 07, 2019 7:16 pm

Chester Perry wrote:@KieranMguire produces a chart matching wages to points earned over the last 25 years of records in the Premier League

https://twitter.com/KieranMaguire/statu ... 3005260800" onclick="window.open(this.href);return false;
Absolutely no surprises there with the expected strong correlation between levels of Wage bill and points earned.

The only exception being the 2015/16 season where the line looks a bit "odd" as a result of Leicester winning the title with a mere £80.4m Wage bill. Remarkably a level that we equalled in our last set of accounts to Jun'18.

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Jul 08, 2019 12:05 pm

In post #1168 (http://uptheclarets.com/messageboard/vi ... start=1167" onclick="window.open(this.href);return false;) we finally learned the size of the TV deal that will cover the next 3 seasons of Premier League Football - In the following couple of posts Royboyclaret and I tried to work out what that would mean to prize money (there are new distribution rules remember). In post #1221 (http://uptheclarets.com/messageboard/vi ... start=1220" onclick="window.open(this.href);return false;) The telegraph had a go. Now it is the turn of @SwissRamble to offer his two penneth

https://twitter.com/SwissRamble/status/ ... 4980584449" onclick="window.open(this.href);return false;

It is telling how the new distribution rules have improved the benefits to the big six with exactly 50% of the increased overseas income going to them - if the old rules were kept the difference in overall PL earnings would have been narrowed

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Jul 08, 2019 12:39 pm

Following completion of the takeover of Huddersfield town last week by Phil Hodgkinson (https://www.htafc.com/news/2019/july/ta ... -chairman/" onclick="window.open(this.href);return false;) it has been confirmed at companies house that the outstanding £48m loan from former owner Dean Hoyle has now been secured against various properties and assets at the club (they share ownership of the ground with the rugbly league club and the local borough council).

https://twitter.com/KieranMaguire/statu ... 5210443776" onclick="window.open(this.href);return false;

This is the kind of arrangement that can end up very messy down the line (especially with Hoyles health situation)

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