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 » Mon Jun 05, 2023 7:49 pm

Chester Perry wrote:
Sat Jun 03, 2023 2:23 pm
We first saw this approach from the US clubs in the 1970's then the Americans again and more significantly Russian clubs in the noughties, then the Chinese in the 10's now it is Saudi Arabia who are trying to give significance to their league by paying extortionate wages to superstar players in the twilight of their careers in.

Some might see it as a cynical attempt to help that other Saudi Club Newcastle United as they return to European Football but that is a strtch

Saudi Soccer League Creates Huge Fund to Sign Global Stars
A coordinated effort financed by the kingdom’s Public Investment Fund is offering huge paydays to some of the sport’s biggest stars if they join Saudi Arabia’s best teams.

https://archive.is/f08V7
well that didn't take long to move to the next stage - the four clubs move from Government ownership to that of PiF

https://twitter.com/PIF_en/status/1665711868676022272

Tariq Panja who broke the original story asking some pertinent questions here as well as making similar points to mine above

https://twitter.com/tariqpanja/status/1 ... 4138704896

and as always an interesting take from Simon Chadwick which he posted yesterday - before the PiF announcement

https://twitter.com/Prof_Chadwick/statu ... 9014646787

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Tue Jun 06, 2023 12:28 am

The 49ers Enterprises takeover at Leeds could be completed THIS WEEK https://mol.im/a/12162573 via https://dailym.ai/android

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Jun 06, 2023 9:31 am

Chester Perry wrote:
Mon Jun 05, 2023 7:49 pm
well that didn't take long to move to the next stage - the four clubs move from Government ownership to that of PiF

https://twitter.com/PIF_en/status/1665711868676022272

Tariq Panja who broke the original story asking some pertinent questions here as well as making similar points to mine above

https://twitter.com/tariqpanja/status/1 ... 4138704896

and as always an interesting take from Simon Chadwick which he posted yesterday - before the PiF announcement

https://twitter.com/Prof_Chadwick/statu ... 9014646787
There is a big piece in The Athletic today about this

Ronaldo, Benzema, Messi and more? The overhaul of Saudi football – explained
https://archive.is/YltR2

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Jun 06, 2023 11:33 am

It has been a while since I posted one of these

Brand Finance has posted its annual report into the top 50 Football Club brands

The report https://static.brandirectory.com/report ... port-2.pdf

The table https://brandirectory.com/rankings/football/table

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Jun 06, 2023 3:48 pm

For those who have lost touch with the detail of the Manchester City sponsorship situation (I think all of this has been posted on this thread previously) this twitter thread - unravelled by Threadreader is a great place to refresh your understanding

https://threadreaderapp.com/thread/1665 ... 16994.html

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Tue Jun 06, 2023 3:52 pm

Chester Perry wrote:
Tue Jun 06, 2023 9:31 am
There is a big piece in The Athletic today about this

Ronaldo, Benzema, Messi and more? The overhaul of Saudi football – explained
https://archive.is/YltR2
They're offering big wages to older players at the min from what I'm seeing on twitter.

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Re: Football's Magic Money Tree

Post by RVclaret » Tue Jun 06, 2023 7:47 pm

Looks like Sheffield United dodged a major bullet with the Nigerian ‘businessman’:

https://www.reuters.com/business/financ ... 023-06-06/

Looks like his tech business ‘Tingo’ is a complete scam.

Here is Hindenburg’s (a famous short selling research firm) report:

https://hindenburgresearch.com/tingo/

"The company is an exceptionally obvious scam with completely fabricated financials."

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Jun 06, 2023 9:32 pm

and then there were two

European Super League: Juventus signal intention to quit project
https://www.bbc.co.uk/sport/football/65828703

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 07, 2023 11:46 am

A really fascinating piece in The Athletic looking at the twitter war between American USMNT fans and Leeds United fans in the aftermath of their relegation - it brings to mind the the South African support of Lyle Foster - brilliant as it is for him, it also carries huge pressures - which is part of what I believe Vincent Kompany has tried to address with the request for him not to play for his country this summer

A Premier League culture war: How US soccer fans fell out of love with Leeds United
https://archive.is/86Voi

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 07, 2023 12:43 pm


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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 07, 2023 2:12 pm

Chester Perry wrote:
Thu May 18, 2023 5:07 pm
Find this from Simon Luper in todays Financial Times an interesting read, not because of the Manchester Utd angle but because of what it says about the the new money coming into the game (particularly from America)

What Man Utd’s new owner really wants
For thrill-seeking plutocrats, nothing offers an ego trip like football

https://archive.is/GwO2u
It seem like the plan of the Glazers and their appointed agents Raine are coming to fruition - Sheik Jassim makes is fifth and final bid (after apparently getting no response to his fourth and final bid) for Manchester United

Man Utd sale: Qatari banker Sheikh Jassim makes fifth and final bid to buy club
https://www.bbc.co.uk/sport/football/65833361

Has anyone else noticed that this summer the transfer window is being marginalised by the sheer number of clubs that are being bought and sold

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Re: Football's Magic Money Tree

Post by RVclaret » Wed Jun 07, 2023 9:03 pm

https://twitter.com/kieranmaguire/statu ... 59Piho1d6w

Sheff Utd have borrowed on PL revenue until the 2026/27 season…

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 07, 2023 9:10 pm

RVclaret wrote:
Wed Jun 07, 2023 9:03 pm
https://twitter.com/kieranmaguire/statu ... 59Piho1d6w

Sheff Utd have borrowed on PL revenue until the 2026/27 season…
anyone else spotting a pattern at Sheffield United - they are in the Maquarie loop now

https://twitter.com/KieranMaguire/statu ... nqz54uAAAA

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 08, 2023 9:34 am

A lengthy piece from Bloomberg on the state of football club ownership - nothing readers of this thread don't already know, but some they may have forgotten - it is a shame the interactive table about who owns which club is not active because of the paywall restrictions - and if you didn't already know, the vultures are already through the door and manspreading/mansplaining over our game

WHO REALLY OWNS YOUR FOOTBALL CLUB?
A Bloomberg News analysis shows that funds and investment firms now control 17% of the clubs in Europe’s five biggest leagues

https://archive.is/FGUgb

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 08, 2023 10:45 am

There are times when the world just stops making sense - how can it be that just throwing enough money around can get you everything you want and in essence provide the legitimacy you crave and how can it be that sport in particular Football (thought Golf, Martial Arts and Formula 1 are also in play) is still providing the fastest route to this,

take Qatar - we all remember these stories

The many, many controversies surrounding the 2022 World Cup, explained
Since FIFA awarded the 2022 World Cup to Qatar in 2010, the tournament has been ensnared in a tangled web of scandals.

https://archive.is/ytHeP

specifically
Controversy 1: Qatar’s bid was marred by accusations of corruption and bribery

Controversy 2: The tournament’s infrastructure has been built on the backs of low-paid migrant laborers

Controversy 3: Qatar is under fire for using the tournament to “sportswash” its record of human rights abuses

Controversy 4: FIFA is massaging the numbers on its sustainability pledge

yet in recent days I have seen the following

Qatar Elected to Head UN’s International Labor Conference
https://unwatch.org/qatar-elected-to-he ... onference/

how this has come to pass is brilliantly illustrated in this thread

https://twitter.com/HillelNeuer/status/ ... 8211660803

FIFA made false claims about ‘carbon-neutral’ World Cup in Qatar, Swiss regulator says
https://archive.is/7qkZ6

of course we know that in the last four years FIFA president Gianni Infantino effectively moved FIFA to Qatar and benefitted from exclusive use of a Qatar Airways jet and associated support

Then there is the small matter of PSG, whose president Nasser al Khlelaifi holds prime roles in the ECA, UEFA and sports broadcaster beINSport, who has turned a poor man's club into a global marketing machine, that is dominant on the field domestically but poor on the European stage.

there remains the prospect of Manchester United climbing into this particular circus ring

Take Saudi

and all the recent posts on the redefining of football salaries (not forgetting the Golf - they now effectively control much of the world game)

PRO GOLF MERGER SIGNIFIES SPORTS’ SWING TOWARD THE GLOBAL SOUTH
https://archive.is/8nHBv

though some feel that is just a bid to distract from what Abu Dhabi are hoping is the culmination of a 15 year project with ultimate Glory this coming Saturday

https://twitter.com/Prof_Chadwick/statu ... 9032767488

And so on to the UAE

The issues surrounding Manchester City are legion and know to all at some level - The prospective first Champions League (and a treble to boot) is so close they can smell it - the ultimate glory

the same UAE are getting ready to host the next climate change conference in November COP 28 - and have no qualms about putting the man in charge of one of its State Oil Corporation which was consulted on how to respond to a media enquiry - i.e. it helped shape an interested party response

‘Absolute scandal’: UAE state oil firm able to read Cop28 climate summit emails
Exclusive: UN conference president Sultan Al Jaber is also head of oil firm, which was consulted on how to respond to a media inquiry

https://archive.is/CrGUM

as I have been posting for many years now the world is changing rapidly before our eyes, particularly in the Geo-political economy of sport - some of it necessarily so, the west has made poor use of its power, wealth and influence across its rules based structures.

The recent meeting of BRICS (Brazil, Russia, India, China, South Africa) foreign ministers - a forerunner of a full BRICS conference later in the year saw an open declaration of a move to multi-polarity of global power and economic wealth generation - the nations queuing up to join the BRICS group are many

WORLD NEWSMore than 30 countries want to join the BRICS
https://archive.is/DHixY

Could it be that Gianni Infantino - who while in temporary charge at UEFA negotiated fines rather than sanctions with PSG and Manchester City over FFP rule breaking is much further down the line of understanding this new order than almost anyone else?

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 08, 2023 11:07 am

and if you feel the last post is all to much - try some of this instead from Philippe Auclair and Josimar Football Magazine

Boardroom Blitz
Are we getting closer to a World Cup in Saudi Arabia? The Saudi football federation recently signed a deal with Caf that may have earned them 54 votes in the race to become the host nation in 2030.

https://josimarfootball.com/2023/05/18/boardroom-blitz/
https://archive.is/9WaNL

Though I must say that I was tickled that Lionel Messi - tourism ambassador for Saudi Arabia - put the offer of $1billion lower than a return to Barcelona or joining Inter Miami (now confirmed)

Lionel Messi unveiled as Saudi Arabia tourism ambassador
Human rights group previously urged Argentinian soccer star to reject partnership with the kingdom.

https://archive.is/ubWSV

Lionel Messi confirms he will spurn Barcelona and Saudis for Inter Miami in MLS
Argentinian star will move to David Beckham’s Florida club
World Cup winner’s new team are struggling in MLS

https://www.theguardian.com/football/20 ... nsfer-news
https://archive.is/JL8Wn

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 08, 2023 12:10 pm

Miguel Delaney on the recent activities of Saudia Arabia in sport

First golf, now football? Saudi Arabia’s grand plan and the 72 hours that changed everything
The sportswashing scheme took another step forward with the LIV Golf-PGA merger but Saudi Arabia has bigger plans

https://www.independent.co.uk/sport/foo ... 53242.html
https://archive.is/wilhH

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 08, 2023 1:20 pm

This time The Athletic with a very lengthy piece on the investment in Football by Saudi Arabia

Saudi Arabia’s football shake-up: Why is it happening? How will it work?
https://archive.is/5O5q0

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 08, 2023 1:31 pm

So above I mentioned BRICS - which Saudi Arabia says it wants to join (though it has been courting the G7 countries too) - and the global multi-polarisation of power economic wealth

This from the Financial Times is a good indicator of what Saudi Arabia is up to - the moves in sport are just the metaphor

As the world swirls, Saudi Arabia repositions itself as a global linchpin
The kingdom finds itself assiduously courted as a new order starts to assert itself

https://archive.is/2xFRb

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Re: Football's Magic Money Tree

Post by Colburn_Claret » Thu Jun 08, 2023 5:32 pm

RVclaret wrote:
Tue Jun 06, 2023 7:47 pm
Looks like Sheffield United dodged a major bullet with the Nigerian ‘businessman’:

https://www.reuters.com/business/financ ... 023-06-06/

Looks like his tech business ‘Tingo’ is a complete scam.

Here is Hindenburg’s (a famous short selling research firm) report:

https://hindenburgresearch.com/tingo/

"The company is an exceptionally obvious scam with completely fabricated financials."
I think everyone outside Sheffield could see that coming. People must be really desperate to sell, to be taken in by these people.

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 08, 2023 6:09 pm

The EFL updates its rules and regulations for the coming season - there are a number of additions to the Owners and Directors Test and a change to the calculation of being late with taxes to HMRC that will lead to a transfer embargo

https://www.efl.com/news/2023/june/efl- ... ummer-2023

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 08, 2023 9:23 pm

Grimsby Town owner Jason Stockwood often has an interesting thing or two to say in his columns for The Guardian - today's is no different

Taking the emotion out of decisions is the way forward at a football club
Deciding things on match days or after a poor result is a popular but flawed concept when the heart rules the head

https://www.theguardian.com/football/20 ... tball-club
https://archive.is/eMZf7

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jun 09, 2023 2:04 pm

Chester Perry wrote:
Wed May 10, 2023 1:32 pm
It has taken a while but the ECA have finally responded to these claims - when you understand how the ECA actually works this is rather unsatisfactory from Charlie Marshall

European Club Association is being cast as an evil elite killing football. What nonsense
La Liga’s Javier Tebas and Crystal Palace’s Steve Parish claim to be champions of ‘small clubs’ that are not small at all

https://www.theguardian.com/football/bl ... bas-parish
https://archive.is/ivmEJ
Javier Tebas with a response to the above in The Guardian -He is on the money with the central premise of thise opinion piece

European Club Association is orchestrating a silent football coup
Through its actions the ECA is intensifying the influence of Europe’s biggest clubs while disregarding the aspirational ones

https://www.theguardian.com/football/bl ... vier-tebas
https://archive.is/xV2JC

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jun 09, 2023 2:24 pm

I suspect there will be a flood of articles/opinion pieces like this in the next few days - particularly if Manchester City win in Istanbul

The dismal story of modern football can be summed up in two words: Manchester City
Champions League glory is within the grasp of this team of well-heeled superstars. But I remember when football was an actual competition

https://www.theguardian.com/commentisfr ... ons-league
https://archive.is/Ej7jJ

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jun 09, 2023 3:03 pm

Chester Perry wrote:
Wed Jun 07, 2023 2:12 pm
It seem like the plan of the Glazers and their appointed agents Raine are coming to fruition - Sheik Jassim makes is fifth and final bid (after apparently getting no response to his fourth and final bid) for Manchester United

Man Utd sale: Qatari banker Sheikh Jassim makes fifth and final bid to buy club
https://www.bbc.co.uk/sport/football/65833361

Has anyone else noticed that this summer the transfer window is being marginalised by the sheer number of clubs that are being bought and sold
So it might not be a final bid and it will stand past today's deadline - how not to negotiate or play poker

Sheikh Jassim will not end Manchester United interest if his deadline passes
Qatari banker had given Glazers until Friday to respond
He is frustrated by long process after making five offers

https://www.theguardian.com/football/20 ... d-deadline
https://archive.is/3lFMl

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jun 09, 2023 3:41 pm

putting a valuation on a football club is an inexact practice and still a long way from being a science - even after the efforts of Dr Tom Markham and his multivariate method - from that you may have guessed that it is a theme that has been regularly discussed and chewed over on this thread virtually since it first started almost 6 years ago.

Here The Athletic asks

How much are Leeds United worth after relegation? Is takeover still worthwhile for 49ers?
https://archive.is/kEpbR

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jun 09, 2023 5:54 pm

Venky's have been doling out the pocket money again -£7.5m this time (more than twice the amount raised in season ticket sales for next season

https://twitter.com/KieranMaguire/statu ... C5iaMuAAAA

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jun 09, 2023 6:19 pm

This is an intriguing warning from Simon Chadwick and it is a worthwhile consideration given what else we have seen - don't forget Saudi were considered likely backers for Florentino Perez's global league

‘Don’t rule out Saudi Arabia reviving the European Super League – anything is possible’
BIG READPIF’s plan to dominate football doesn’t stop with luring big stars like Cristiano Ronaldo and Karim Benzema to the Saudi Pro League

https://archive.is/rEIdR

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jun 10, 2023 10:55 am

Chester Perry wrote:
Fri Jun 09, 2023 3:41 pm
putting a valuation on a football club is an inexact practice and still a long way from being a science - even after the efforts of Dr Tom Markham and his multivariate method - from that you may have guessed that it is a theme that has been regularly discussed and chewed over on this thread virtually since it first started almost 6 years ago.

Here The Athletic asks

How much are Leeds United worth after relegation? Is takeover still worthwhile for 49ers?
https://archive.is/kEpbR
What I particularly like about this piece in the Athletic, following confirmation that 49ers Enterprises are to take 100% control of Leeds United, is that it clearly describes how modern, particularly American, ownership groups are formed - ALK/VSL will be be similarly disparate and focused, though may not have the same levels of assets and wealth

What does 49ers Enterprises’ takeover mean for Leeds United?
https://archive.is/Ub2BD

It also makes sense of just what is likely to be paid, despite the valuation of the deal - this is an area that most still fail to understand

It is important to recognise that the deal is for the club and the stadium - two separate entities. which brings the club valuation down by at least a further £30m technically - though for traditionalists it is right to consider a club is only whole if it comes with its ground (strange really when you consider that the two English European finalists this week effectively rent their stadiums from the local council)

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Re: Football's Magic Money Tree

Post by edlass » Sat Jun 10, 2023 11:55 am

Chester Perry wrote:
Fri Jun 09, 2023 5:54 pm
Venky's have been doling out the pocket money again -£7.5m this time (more than twice the amount raised in season ticket sales for next season

https://twitter.com/KieranMaguire/statu ... C5iaMuAAAA
I get in a basic way why this helps, they get £7.5m. But what does it do to help them? E.g. i understand that Stoke have rich owners but the rules stop them being able to buy promotion. Couldn't they just buy a £1b in shares? Or can this money not be used in this way? Thanks for the updates!

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jun 10, 2023 2:11 pm

edlass wrote:
Sat Jun 10, 2023 11:55 am
I get in a basic way why this helps, they get £7.5m. But what does it do to help them? E.g. i understand that Stoke have rich owners but the rules stop them being able to buy promotion. Couldn't they just buy a £1b in shares? Or can this money not be used in this way? Thanks for the updates!
There are limits to how much can be put in each season, from a Profit and sustainability perspective, though they can cover the full cost of the academy and any infrastructure spend - which they desperately need btw

- from what I understand the recent early bird season ticket offer (only just closed ) has raised a little over £3m so they will need the money to help get them through the summer,
This user liked this post: edlass

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jun 10, 2023 4:32 pm

This is possibly the longest single episode from Unofficial Partner yet - and also one of the most interesting - there is an enormous amount of detail in it so it requires a lot of concentration

UP318 ReThinking Sport: Inside the European Club Association
https://www.unofficialpartner.com/podca ... ssociation

the blurb

Today's guest sits at the epicentre of the football business.

Charlie Marshall is the CEO of The European Club Association (ECA), the hugely influential organisation, which is the only group officially recognised by both UEFA and FIFA as the sole, independent body for football clubs at European level.

We talk about the big issues facing the game in the post-Super League era, as ECA seeks to balance the sometimes conflicting objectives of its constituency of members, from the biggest clubs in the world to some of Europe's minnows and everyone in between.

Topics covered include:

- The changing format and access to Uefa club competitions
- The likely impact of new financial regulations
- The rules on multi club ownership
- The future of the women's game
- Player release for national team competitions
- The commercial management of competitions and revenue distribution among clubs.

Last year, Uefa and the ECA signed a further letter of intent ahead of the creation of a new joint venture to oversee the commercial management of Uefa club competitions.

Uefa Club Competitions SA (UCCSA) oversaw a global agency tender process that led to the Team Marketing agency retaining the mandate to sell broadcast, sponsorship and licensing rights to Uefa club competitions from 2024-25 to 2026-27. The mandate excluded US broadcast rights, which are being sold by the Relevent Sports Group agency over the same period in a deal worth a minimum guarantee of $250m (€260m) per year.

UCCSA is now considering whether to take the commercial rights sales in house from 2027-28 onwards, a process overseen by ECA chair Nasser Al-Khelaifi, who is also chairman of Qatar Sports Investments (QSi) sovereign wealth fund , chair of BeIN Sports, the Qatar based broadcaster, and President of French club PSG.

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jun 10, 2023 7:21 pm

There will be some who will see this in a negative light but it is an important reminder of how Manchester City managed to get where they are now

The truth about Manchester City’s legal battles over FFP? Uefa blew it
Uefa hit the club with a two-year Champions League ban for breaking its financial fair play rules in 2020, but the ban was later overturned

https://12ft.io/proxy?q=https%3A%2F%2Fw ... -league%2F

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Re: Football's Magic Money Tree

Post by RVclaret » Mon Jun 12, 2023 5:42 pm

https://www.thetimes.co.uk/article/plan ... -zq8bd0lbh

Plans for a spending cap re. wages relative to TV money from the leagues bottom club to try and keep competitiveness…

Somehow can’t see the big boys allowing this one to happen.

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 14, 2023 9:53 am

we all know that significant changes are afoot for world and domestic football, we just don't know for certain what it will end up looking like or when it will actually happen - though it is possible to speculate given what we have witnessed so far, the key here will be the level of resistance by fans and authorities of football and government

Miguel Delaney for the Independent with an extensive piece in a long running series on the Future of Football

Sportswashing is about to change football beyond anything you can imagine
Manchester City won the Champions League and Qatar hosted the World Cup, the oil states’ bid to take over the game is set to enter phase three. By 2030, writes Miguel Delaney, the sport will have been reshaped entirely

https://archive.is/4ML3T

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 14, 2023 12:36 pm

An article that showed a lot of promise in describing various scenarios but which falls short on analysis and by paying attention to a handful of clubs rather than using more salient examples like ourselves, Brighton, Leicester, Aston Villa and Wolves

How Premier League clubs make their money – steady Eddies, debt giants and owner-led vehicles
https://archive.is/CqT1l

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 14, 2023 5:06 pm

Chester Perry wrote:
Fri Jun 09, 2023 5:54 pm
Venky's have been doling out the pocket money again -£7.5m this time (more than twice the amount raised in season ticket sales for next season

https://twitter.com/KieranMaguire/statu ... C5iaMuAAAA
and another £1.5m in shares by the Venky's

https://twitter.com/KieranMaguire/statu ... yUr6kuAAAA

ignore the second image it is about changes at Raith Rovers

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 14, 2023 7:03 pm

this looks like big news but I am not sure it is

As part of the League’s ongoing review of the Owners’ and Directors’ Test, clubs unanimously agreed to amend the test to prohibit fully-leveraged buyouts.

https://www.premierleague.com/news/3537138

from what I see the takeover of our club and Manchester United by the Glazers would still be allowed - only the Gillett and Hicks takeover at Liverpool would be banned

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 14, 2023 10:50 pm

Chester Perry wrote:
Wed Jun 14, 2023 7:03 pm
this looks like big news but I am not sure it is

As part of the League’s ongoing review of the Owners’ and Directors’ Test, clubs unanimously agreed to amend the test to prohibit fully-leveraged buyouts.

https://www.premierleague.com/news/3537138

from what I see the takeover of our club and Manchester United by the Glazers would still be allowed - only the Gillett and Hicks takeover at Liverpool would be banned
The Telegraph with more detail on the Premier Leagues new rule about Leveraged takeovers - I still don't think it would stop our takeover given the original plan, even though ALK only fronted up less than 5% of the total club value given by that transaction

Premier League clubs vote to ban Glazer-style big-debt takeovers
Leveraged buyouts, such as the one that bought Manchester United in 2003, to be capped at around 65 per cent of a club’s value

https://12ft.io/proxy?q=https%3A%2F%2Fw ... keovers%2F

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Re: Football's Magic Money Tree

Post by bfcjg » Wed Jun 14, 2023 11:06 pm

Not sure how bstards are not investigated for FFP.

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Re: Football's Magic Money Tree

Post by Tricky Trevor » Wed Jun 14, 2023 11:09 pm

From tomorrows Guardian. Apologies if already posted.
IMG_3496.jpeg
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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Jun 14, 2023 11:36 pm

Tricky Trevor wrote:
Wed Jun 14, 2023 11:09 pm
From tomorrows Guardian. Apologies if already posted.
IMG_3496.jpeg
not posted but is online and has been for a few hours now

Everton face threat of multimillion-pound legal bill from quartet over FFP case
- Leicester, Leeds, Southampton and Burnley set for legal action
- Hearing for alleged FFP breaches set for 25 October

https://www.theguardian.com/football/20 ... e-ffp-case
https://archive.is/HIjtr

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 15, 2023 9:35 am

Chester Perry wrote:
Wed Jun 14, 2023 10:50 pm
The Telegraph with more detail on the Premier Leagues new rule about Leveraged takeovers - I still don't think it would stop our takeover given the original plan, even though ALK only fronted up less than 5% of the total club value given by that transaction

Premier League clubs vote to ban Glazer-style big-debt takeovers
Leveraged buyouts, such as the one that bought Manchester United in 2003, to be capped at around 65 per cent of a club’s value

https://12ft.io/proxy?q=https%3A%2F%2Fw ... keovers%2F
I am still trying to work out if this article in the Times is saying for definite that owners can only borrow two thirds of a clubs total value or that this is what they have deduced from the explanation given and reported in the Telegraph

Either way I think they are wrong in saying the Burnley takeover would be banned now on the criteria they give - simply because as things currently stand less than that sum has been borrowed - and certainly that was the case when the initial transaction was made - it could pass the two thirds threshold if the outstanding stage payment and ring fenced shares were paid for by loans/

This raises the question of whether the new ruling could be applied retrospectively to the Burnley takeover should the such a situation arise

Premier League and Championship clubs can sign four overseas youngsters
Home Office approves rules that will allow clubs to sign up to four promising overseas players if they give enough playing time to English-qualified squad members

https://archive.is/imObZ

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Jun 15, 2023 9:50 am

Deloitte release their annual review of Football finance

https://www2.deloitte.com/uk/en/pages/s ... urope.html

full pdf of the report can be found here
https://www2.deloitte.com/content/dam/D ... e-2023.pdf

perhaps the most interesting aspects are sections on

Financial sustainability and good governance: The potential impact of an Independent Regulator to the English football system
https://www2.deloitte.com/uk/en/pages/s ... ystem.html

and

Football M&A: The increasing importance of environmental, social and governance factors
https://www2.deloitte.com/uk/en/pages/s ... actor.html

There is a BBC article on it here

Premier League leads European football market with revenue double La Liga's in 2021-22
https://www.bbc.co.uk/sport/football/65901519

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Jun 16, 2023 12:59 pm

As always an In-depth and interesting piece from Martin Cloak in his 'The Football Fan' blog today - which takes aim at amongst other things the Fan Advisory Boards that I have been critical about

Is it all just bull?
There is a lot being said about how things need to get better in football. But it's getting harder to see the evidence of this happening.

https://martincloake.substack.com/p/is- ... email=true

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Re: Football's Magic Money Tree

Post by Rick_Muller » Sat Jun 17, 2023 6:53 am

https://twitter.com/kieranmaguire/statu ... B35J3yJdwg
IMG_6739.jpeg
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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jun 17, 2023 12:31 pm

Rick_Muller wrote:
Sat Jun 17, 2023 6:53 am
https://twitter.com/kieranmaguire/statu ... B35J3yJdwg

IMG_6739.jpeg
For those who have not seen it there has been discussion about this on the takeover thread

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat Jun 17, 2023 12:35 pm

The Guardian with a piece about multi-club ownership - mainly focusing on John Textor (whoc is supposedly considering floating Olympic Lyonnais on the New York Stock Exchange

Multi-club ownership becomes the risky model for America’s soccer spree
https://www.theguardian.com/football/20 ... ccer-spree
https://archive.is/bCS0G

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Jun 18, 2023 11:04 pm

I have spoken previously about one of the key commercial strengths of the Premier League was its relationship management with its media partners and how they prefer to engage in long term relationships and manage them in the same way governments used to do with its diplomatic corps. This soulds very much like business as usual for the Premier League - it is telling that it is the gung ho finance bros at Chelsea that don't seem to get it

EXCLUSIVE: Premier League REFUSE Chelsea permission to sign a deal with Paramount Plus as their shirt sponsors due to concerns it would upset broadcast partners
- Premier League refused Chelsea permission to sign a deal with Paramount Plus
- There were concerns deal would upset the competition's broadcast partners
- Chelsea may now look to secure a deal with online casino Stake.com

https://www.dailymail.co.uk/sport/footb ... ymailsport
https://archive.is/1eTdv

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Jun 19, 2023 12:34 am

while we are on the subject of Chelsea, this story from April is coming back into focus

Chelsea’s ‘transfer deadline’ for domestic sales — and why it really matters
https://archive.is/t5il4

as the Saudi Football investment boom really starts to move through the gears - there is an investment group (which owns 60% of Chelsea that is doing a lot of the legwork for PiF on this

https://twitter.com/JacobsBen/status/16 ... 8425193474

So why would Pif do that considering the Chelsea connection? you know beyond targeting some of the Chelsea players

oh yes that's right Pif (90% owners of Newcastle United) are major investors in other ClearLake activities

REVEALED: Newcastle's Saudi owners Public Investment Fund are major investors in Chelsea's new majority shareholder Clearlake Capital... as the Blues insist the group had no involvement in their £4.25bn takeover
- Saudi Arabia's Public Investment Fund purchased Newcastle for £350m in 2021
- They have also invested billions in assets managed by Clearlake Capital
- Clearlake bought 60 per cent of Chelsea in the club's £4.25 billion takeover
- Chelsea insist there was no Saudi involvement in Clearlake's purchase

https://archive.is/TomFX

thankyou to Philippe Auclair for the reminder

https://twitter.com/PhilippeAuclair/sta ... 0976525314

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