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 Mar 26, 2019 11:06 am

From what I read on the recent debate about the Turf - there would be a universal appreciation of the Speedy Bar Technology applied here at Spurs -

https://twitter.com/RobHarris/status/11 ... 1665888258" onclick="window.open(this.href);return false;

but given the claims of 10,000 pints a minute at the ground - just how many people are employed full time to flush the lines given the gaps between games during the season

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 26, 2019 3:17 pm

Chester Perry wrote:@KeiranMaguirre the other day on a Sheff Utd financial podcast suggested that Championship clubs with no parachute payments, no benefactor/sugar daddy and attendances below 20k were likely to bounce between there and League one as the difference in Matchday and commercial income was so different with those clubs with larger fanbases.
Marcus Evans at Ipswich is a benefactor of sorts putting on average £7m a year into his club to keep it affloat, however, the club is managed on very prudent lines - the above statement - is increasingly bearing true for Ipswich

Swiss Ramble looks at their financial results for 2017/18

https://twitter.com/SwissRamble/status/ ... 5077337088" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Tue Mar 26, 2019 5:10 pm

Chester Perry wrote:Marcus Evans at Ipswich is a benefactor of sorts putting on average £7m a year into his club to keep it affloat, however, the club is managed on very prudent lines - the above statement - is increasingly bearing true for Ipswich

Swiss Ramble looks at their financial results for 2017/18

https://twitter.com/SwissRamble/status/ ... 5077337088" onclick="window.open(this.href);return false;
A relatively well run club, operating on a conservative budget (similar to that at Preston). Hard to believe they've spent the last 16 seasons in the Championship and now destined for life in League One.

A far cry from the season they pipped us to the First Division Champions of the Football League or rather we threw it away winning just one game in the final ten that season.

But now heading the way of Bolton, Blackburn and the rest to the lower reaches of the Football League. Don't think many of our fans realise just how important these remaining games are this season. From a financial point of view we have to stay in the PL at all costs.

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 26, 2019 5:46 pm

Royboyclaret wrote: From a financial point of view we have to stay in the PL at all costs.
I imagine there are 50-100 people at the club thinking the same or their jobs are on the line - never mind the pubs. bars, clubs. shops and Hotels in town who all benefit from the club being in the Premier League. We are a much bigger beast than the one that went down last time

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Re: Football's Magic Money Tree

Post by randomclaret2 » Tue Mar 26, 2019 5:59 pm

Given that is absolutely imperative that we stay in the Premier League , the lack of activity in the transfer window just gone seems positively irresponsible

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 26, 2019 7:46 pm

UEFA is hopeful that it is close to capping prices on away tickets in it's European competitions next season

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 26, 2019 10:34 pm

Following on last weeks decision barring UEFA re-opening investigations into PSG's FFP breach circa 2014 - the FT looks into the difficulties the games authorities have when investigating the big clubs across the continent

https://www.ft.com/content/790e0b66-4bf ... 9067e0f50d" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 27, 2019 2:03 am

During the International break the European Clubs Association have been meeting in Amsterdam, much has been made in the press of their ongoing refusal to take part in the newly ratified FIFA Club World Cup and even the plan to cap away ticket prices in European matches. Surprisingly less has been made of the following quote from ECA Chairman Andrea Agnelli who still sees growth perspectives in this tournament.

"We want to close the gap on the NFL and make the Champions League the most valuable franchise in the world".

Yes he did say Franchise, underlying his determination to lock in access to the competition for top teams, the role the ECA have in determining the format of the European competitions is very significant and the power they wield will be tested by Infantino and FIFA.

If you want to know a bit more about the ECA try their Annual report for last season

https://www.ecaeurope.com/media/4402/ec ... t-2018.pdf" onclick="window.open(this.href);return false;

This tweet confirms the nature of their interests -
https://twitter.com/ECAEurope/status/11 ... 8443908096" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 27, 2019 10:52 am

Following the release of Bournemouth's accounts @KieranMaguire has updated his summary of finances reported so far by the Premier League


https://twitter.com/KieranMaguire/statu ... 0060785664" onclick="window.open(this.href);return false; - the number of teams making a loss is staggering given all the new finance related rules

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 27, 2019 11:46 am

Much has been made (following the trails of Birmingham City) of the madness financially in the Championship so what happens if you get relegated, don't get back up and your owners refuse to dig into their pockets meaning you have to live within your means as parachute payments come to an end - this is the prospect Hull City are facing next season where their turnover will be the lowest in over a decade. It is what we all fear at Burnley, however, far we try to push it to the back of our minds. @kieranMaguire contributes to this extensive article.

https://www.hulldailymail.co.uk/sport/f ... er-2687426" onclick="window.open(this.href);return false;

though you would say the sale of Bowen should bring in a good sum

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 27, 2019 12:40 pm

The 22nd ECA Assembly has come to an end - This is the most powerful group of clubs in the world and they are having huge impact on the game we know and love, rarely in the interest of clubs that are not part of their organisation. This is their press conference at the close of the Assembly.

https://www.youtube.com/watch?v=ue8XnIt5lms" onclick="window.open(this.href);return false;


Not long now before they look to the abolishment of replays and home/away legs in our domestic cup competitions and possibly to reduce the size of the Premier League again

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 27, 2019 5:21 pm

Over the weekend I made a couple of posts (681 & 682) with regards to "sport washing" and the use of football for "soft" power plays and a few weeks earlier I linked a Guardian article on the same subject. The whole thing is such a minefield and has become a real geo-political tool that it is has become a significant component of "football's magic money tree", and will possibly become it's most significant. Consequently I have been looking to understand a bit more, though remain wary of being trapped by conspiracy theory. Read on if you too are curious

TIFO #football did this little piece on Saudi Arabia back in December - https://www.youtube.com/watch?v=hnU8OF9 ... e=youtu.be" onclick="window.open(this.href);return false;

Another Professor Simon Chadwick piece on how China has used sport especially football to find influence - this time in Africa

https://www.policyforum.net/china-fuell ... p-nations/" onclick="window.open(this.href);return false;

on twitter today he is speculating that the new stadium in Milan will be built/financed by Chinese businesses as part of the New Silk Road initiative mentioned in post #682

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 10:05 am

It seems like an age since thee was any update on the Premier League TV deals - but it appears that the big 6 are going to be happy as the overseas rights look to be well over £4bn meaning the spread of tv earnings between top and bottom (merit payments) is likely to grow to around £75m. This can only damage competition within the league.

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 10:22 am

Huddersfield have posted their financial results for their 1st season in the Premier League

https://s3.eu-west-2.amazonaws.com/docu ... 2a20e22045" onclick="window.open(this.href);return false;


The price of football's @kieranMaguirre gives his perspective

https://twitter.com/KieranMaguire/statu ... 8017659904" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

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

There may be more serious problems at Oldham than those encountered by Paul Scholes - The club have registered a change of year end with companies house of just one day - which although it doesn't seem much means they can delay reporting financial results for 3 months - just what are they hiding?

https://twitter.com/KieranMaguire/statu ... 4008154112" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Goddy » Thu Mar 28, 2019 11:54 am

I've just logged in to say 'thanks' to you, Chester, for all these postings. At times it must seem like you're talking to yourself but I, for one, find all this fascinating (and glad you have the time/persistence to keep finding/posting stuff here).
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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 12:00 pm

Goddy - I know people read and very few comment - but as I have said before - I don't mind because it keeps content focused - just look at what happened to the Bournemouth Finance thread.

Happy to hear that you appreciate it, I just hope it provides a rounded view of everything that influences the game we love
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Re: Football's Magic Money Tree

Post by Royboyclaret » Thu Mar 28, 2019 12:31 pm

Post # 714.

Good effort throughout the accounts by Huddersfield, for their first season back in the big league.

Many other clubs could do far worse than follow their financial example.

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 12:36 pm

I thought so Roy - not too unlike us really - though spent more on players (proportionately) than either of our first 2 promotions to the PL - even managed to reduce debt a little - though that might not appease all fans - from the looks of it they will try and be sensible next season too - which may pay dividends given many in that league will have to tighten their belts no they know the threat of points deductions are real

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Re: Football's Magic Money Tree

Post by Royboyclaret » Thu Mar 28, 2019 12:43 pm

Indeed......and of course they navigate next season in the Championship with the small matter of a £45m parachute payment to boost their Turnover.

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 12:45 pm

I think that may help them keep most of the players they want too - have got a good Striker now to, who should develop well in that league

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Re: Football's Magic Money Tree

Post by dsr » Thu Mar 28, 2019 12:45 pm

£58m is a lot to spend on players - have they kept their value?

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 12:48 pm

DSR - a lot of those were the ones that got them promoted as loans - Mooy and Mounier etc - so were already embedded - which helped them with their rapid start last year - Mooy is the one they need to keep hold of - he will be a key differentiator in the Championship - they have badly missed him this season

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Re: Football's Magic Money Tree

Post by Royboyclaret » Thu Mar 28, 2019 1:06 pm

Speaking with an employee at Huddersfield recently and there's a sense of inevitability that they will lose Aarron Mooy this summer.

However, and to answer dsr directly as to value, there will without doubt be a significant profit on sale of asset.

What a perfect addition Mooy would be to our squad.

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 1:12 pm

I have highlighted the fact that all the senior administration jobs in English Football are currently available with no one seemingly wanting to take them on - Peter Taylor's slow walk and blockading of an internal promotion makes it 4 jobs that can have a real impact on the games future in this country - yet there appears to be a general apathy in the public sphere - FourFourTwo rightly asks - Why aren’t people talking about English football’s management crisis?

https://www.fourfourtwo.com/features/en ... UE0milh.99" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 1:33 pm

I have been saving this for a quiet news day - but that has not happened and time is moving on

a fair number of posts in this thread have been about the farming of players as academies effectively become revenue generating business entities, this article underlines that thought and highlights that young players who manage to get through the system are referred to as graduates with their "school" having an impact on their perceived worth

https://inews.co.uk/sport/football/prem ... undesliga/" onclick="window.open(this.href);return false;

- how long before we have football's Ivy league or Oxbridge equivalents
- it doesn't seem that long since the economic argument for an Academy was to save transfer funds and perhaps retain a player for longer because they were part of the club's fabric

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 3:55 pm

Seems like changing your reporting date (see post #715) is becoming the thing - Mike Ashley has now done it at Newcastle

https://twitter.com/KieranMaguire/statu ... 7487043585" onclick="window.open(this.href);return false;

Andy Holt has done it at Accrington -though he has given a reasoned explanation for it

https://twitter.com/AndyhHolt/status/11 ... 6334522368" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 3:59 pm

@KieranMaguire pointing just why the big six need that extra income from the overseas rights I was talking about in post #713

https://twitter.com/KieranMaguire/statu ... 3929506816" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 4:19 pm

An interesting and challenging (if you are not fully au fait with finance/economics) read about why the authorities in European football are not using the correct model of profit and loss for FFP.

https://vysyble.com/blog-13th-march-2019" onclick="window.open(this.href);return false;

I suspect this is more of an approach used in our on boardroom

they have conveniently put together a 5 year table for the current PL to illustrate how clubs would stand - remember our figures include 2 loss making promotions out of the Championship

https://twitter.com/vysyble/status/1111295652628172801" onclick="window.open(this.href);return false;

and the largest "Economic" losses since 2009 in the Premier League

https://twitter.com/vysyble/status/1105233921963368450" onclick="window.open(this.href);return false;

anyone spot a trend

I should point out that many in the finance Industry to don subscribe to this measure and regards it as stuff and nonsense including "The Price of Football's" @'KieranMaguirre

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Re: Football's Magic Money Tree

Post by Royboyclaret » Thu Mar 28, 2019 4:51 pm

Chester Perry wrote:An interesting and challenging (if you are not fully au fait with finance/economics) read about why the authorities in European football are not using the correct model of profit and loss for FFP.

https://vysyble.com/blog-13th-march-2019" onclick="window.open(this.href);return false;

I suspect this is more of an approach used in our on boardroom

they have conveniently put together a 5 year table for the current PL to illustrate how clubs would stand - remember our figures include 2 loss making promotions out of the Championship

https://twitter.com/vysyble/status/1111295652628172801" onclick="window.open(this.href);return false;

and the largest "Economic" losses since 2009 in the Premier League

https://twitter.com/vysyble/status/1105233921963368450" onclick="window.open(this.href);return false;

anyone spot a trend

I should point out that many in the finance Industry to don subscribe to this measure and regards it as stuff and nonsense including "The Price of Football's" @'KieranMaguirre
And a 3rd loss making season in the Championship year to Jun'13.

Nevertheless, still struggling to make sense of the figure quoted for Burnley.

'13......(7.8m)
'14......(7.6m)
'15......32.1m
'16......(4.8m)
'17......27.3m...........5 year total before tax of 39.2m.

Even after tax the figure is incorrect.

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 28, 2019 5:09 pm

As I understand it Roy they will have a different figure from the published ones to reflect Economic profit/Loss - not sure how that is calculated though at this time

so for the 216/17 season they have us at an Economic profit of £20.57m

https://vysyble.com/football-profitability-index" onclick="window.open(this.href);return false;

edit - found this which may help

https://vysyble.com/economic-profit" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 10:39 am

@KieranMaguire looks at the sorry tale of Charlton's finances

https://twitter.com/KieranMaguire/statu ... 9884635136" onclick="window.open(this.href);return false;

The club would be dead without the owner and is dying with him as the fans remain at war - when the loans are significantly greater than the value of the club - who is going to takeover without a significant write off and even then (as Bolton have learned) which incoming owner is willing to face the wrath of the fans in cutting cloth accordingly immediately too become sustainable again

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 10:45 am

@KieranMaguirre has been a busy boy - Fulham's results last year show just how much promotion via the play-offs for immediate relegation can cost - or the joys of having a billionaire owner who knows nothing about your sport

https://twitter.com/KieranMaguire/statu ... 4482701313" onclick="window.open(this.href);return false;

where he has got his figures from I don't know as they are not available at companies house

https://beta.companieshouse.gov.uk/comp ... ng-history" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 11:36 am

When you have a big squad this is inevitable - When you are the owner of a club and effectively have to write a cheque every month for £2m+ to cover losses whilst your team seemingly bottles promotion every season from strong positions it must hurt

https://www.derbytelegraph.co.uk/sport/ ... ng-2696412" onclick="window.open(this.href);return false;
Last edited by Chester Perry on Fri Mar 29, 2019 12:29 pm, edited 1 time in total.

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 11:47 am

going back to yesterday and the posts on Economic Profit - Vysable have produced this table with regards to best performance of a newly promoted team in the PL - I think they rate us

https://twitter.com/vysyble/status/1111365086642343936" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 2:07 pm

Following Fulham's financial results posting the losses in the Championship last season total £420 with 6 clubs still to report - ouch

https://twitter.com/KieranMaguire/statu ... 2997880835" onclick="window.open(this.href);return false;

there are 3 tables for you to click through

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 2:26 pm

@AndyHolt (Accy Chairman) has effectively confirmed that the reduced Domestic PL TV deal and the restructuring of the way Overseas rights are distributed has resulted in the "solidarity Payments" (sic) to the EFL will be reduced next season (you will not I suggested this would have a similar effect on Parachute Payments in post #673

https://twitter.com/AndyhHolt/status/11 ... 5019081728" onclick="window.open(this.href);return false;
https://twitter.com/AndyhHolt/status/11 ... 9774845952" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by aggi » Fri Mar 29, 2019 2:56 pm

Chester Perry wrote:An interesting and challenging (if you are not fully au fait with finance/economics) read about why the authorities in European football are not using the correct model of profit and loss for FFP.

https://vysyble.com/blog-13th-march-2019" onclick="window.open(this.href);return false;

I suspect this is more of an approach used in our on boardroom

they have conveniently put together a 5 year table for the current PL to illustrate how clubs would stand - remember our figures include 2 loss making promotions out of the Championship

https://twitter.com/vysyble/status/1111295652628172801" onclick="window.open(this.href);return false;

and the largest "Economic" losses since 2009 in the Premier League

https://twitter.com/vysyble/status/1105233921963368450" onclick="window.open(this.href);return false;

anyone spot a trend

I should point out that many in the finance Industry to don subscribe to this measure and regards it as stuff and nonsense including "The Price of Football's" @'KieranMaguirre
I'm on the stuff and nonsense side.

This was touched on somewhere else (the Bournemouth Finance thread I think) the other day when I was pointing out that having some debt isn't necessarily viewed as a bad thing in business.

The issue is obviously that equity investment in football clubs isn't always on a commercial basis. There are clubs like Burnley where no dividends are paid, Man City where it appears to be a big PR exercise, Bolton/Blackburn in the past where the investment was made due to love of the club, etc.

That makes it very difficult to come up with a sensible cost of equity and makes it all a bit subjective. You'd expect the Glaziers to be different to Garlick for instance but by how much.

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 3:13 pm

Aggi imagine the angst if you could register your local team as a community asset in the same way some fans have managed to do with their teams grounds. We know sports teams have an emotional pull like no other business (music apart) and that is why loans (in my view) make it risky for the future health of a club like ours where income can collapse pretty damn rapidly

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 5:38 pm

With Burnley posting record profits and turnover it is nice to know that one club earns more from it's Nike kit deal in a season than our revenue last season

https://offthepitch.com/a/manchester-un ... hirt-sales" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 5:59 pm

we have posted a bit about Port Vale in recent weeks - they also have posted their accounts today - a bit different from "norm"an to say the least

https://twitter.com/KieranMaguire/statu ... 9244514306" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 9:35 pm

It had been a day for clubs posting accounts - Port Vales were a little strange - but Bradford City may have taken the biscuit in the department of How to win friends and …..

https://s3.eu-west-2.amazonaws.com/docu ... 9f6cd8bdd1" onclick="window.open(this.href);return false;
https://twitter.com/KieranMaguire/statu ... 4093558785" onclick="window.open(this.href);return false;

contrast those with Wrexham

https://twitter.com/KieranMaguire/statu ... 1923261440" onclick="window.open(this.href);return false;
http://www.wst.org.uk/www3/files/Wrexha ... embers.pdf" onclick="window.open(this.href);return false;
http://www.wst.org.uk/www3/files/WST%20 ... embers.pdf" onclick="window.open(this.href);return false;

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 29, 2019 10:33 pm

Today we have seen that Fulham can lose £1.14m a week in the Championship then spend £118m on players on promotion but can't pay Hartlepool for a youth player they said wasn't good enough for them in January

https://www.bbc.co.uk/sport/football/47748281" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Apr 01, 2019 5:35 pm

It is the single biggest (monetary) prize in sport and a one off game to boot - you would think that you would want to make it as risk free as possible from an officiating stand - point - not if you are the EFL - the play-off final will not use VAR even though Wembley is equipped.

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

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Apr 02, 2019 12:00 am

Following last weeks gathering of the European Clubs Association in Amsterdam - this week sees the different Leagues get together in Lisbon - a hot topic appears to be those dastardly big clubs wanting to cream everything off for themselves and the rest be damned - rather surprised that our press have not picked up on it, the Americans have though - this from the New York Times

https://www.nytimes.com/2019/04/01/spor ... eague.html" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Apr 02, 2019 12:21 am

Wage growth in the Premier league has been phenomenal since it's inception and now people talk of wages in the 100's of thousands of pounds without the slightest trace of a wince, it has become such a norm - the only surprise comes when clubs don't have any players on those kinds of salaries (I am truly grateful that we are one of the few - though for how long if we continue to stay in this league). Many hoped wages would come under control when the last TV deal came in at the same time as new FFP legislation supposedly restricting wage growth, it seems those hopes were misplaced however, as clubs in the Premier League are once again letting salaries climb to over 70% of revenue (we are currently at 59% but it is difficult to assess how much of our £20m wage growth last season was bonus related)

https://twitter.com/vysyble/status/1112736794154549248" onclick="window.open(this.href);return false;

The ongoing impact of this is that clubs are starting to record losses again (all within FFP guidelines in the PL but the challenge in the Championship is even greater) not sure why we are not included on the graph as the data was available to @KieranMaguirre

https://twitter.com/KieranMaguire/statu ... 4582545408" onclick="window.open(this.href);return false;

- FYI - you can click through to the Championship picture

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Apr 02, 2019 12:31 am

Apparently West Brom have posted their Financial results from last season - though they are not mentioned on the clubs website or available at companies house. We can add them to the list of teams whose wages were over 70% of revenue (74% to be precise) - they claim not to have any financial worries
https://www.expressandstar.com/sport/fo ... 5m-losses/" onclick="window.open(this.href);return false;

though are hoping their 10 year+ commitment to the youth Academy is beginning to pay off

https://www.bbc.co.uk/sport/football/47766043" onclick="window.open(this.href);return false;

Royboyclaret
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Re: Football's Magic Money Tree

Post by Royboyclaret » Tue Apr 02, 2019 10:22 am

Chester Perry wrote:Wage growth in the Premier league has been phenomenal since it's inception and now people talk of wages in the 100's of thousands of pounds without the slightest trace of a wince, it has become such a norm - the only surprise comes when clubs don't have any players on those kinds of salaries (I am truly grateful that we are one of the few - though for how long if we continue to stay in this league). Many hoped wages would come under control when the last TV deal came in at the same time as new FFP legislation supposedly restricting wage growth, it seems those hopes were misplaced however, as clubs in the Premier League are once again letting salaries climb to over 70% of revenue (we are currently at 59% but it is difficult to assess how much of our £20m wage growth last season was bonus related)

https://twitter.com/vysyble/status/1112736794154549248" onclick="window.open(this.href);return false;

The ongoing impact of this is that clubs are starting to record losses again (all within FFP guidelines in the PL but the challenge in the Championship is even greater) not sure why we are not included on the graph as the data was available to @KieranMaguirre

https://twitter.com/KieranMaguire/statu ... 4582545408" onclick="window.open(this.href);return false;

- FYI - you can click through to the Championship picture
It's not so much "difficult to assess how much of our £20m wage growth was bonus related" - as completely impossible. All we really know is that over just a two year period our Total Wage bill has doubled from £39m to £81m. - A frightening stat and one that I'm first to admit has taken me completely by surprise.

I can think of at least two members of our BoD who will be very uncomfortable with a Wage bill of £81m at Burnley Football Club.

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Apr 02, 2019 7:14 pm

one thing for sure Roy - if it is similar in the next accounts it will be almost certain that our wages will be over 70% of turnover

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Re: Football's Magic Money Tree

Post by randomclaret2 » Tue Apr 02, 2019 7:25 pm

Salford City lost £1.8million in the Conference North in 17/18

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