Football's Magic Money Tree
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Re: Football's Magic Money Tree
Half a billion of debt is ridiculous
Brighton fans get really annoyed when the debt is mentioned, like Bolton fans used to do and it's just as funny
They keep saying the same stuff, like it's not a real debt etc
Brighton fans get really annoyed when the debt is mentioned, like Bolton fans used to do and it's just as funny
They keep saying the same stuff, like it's not a real debt etc
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Re: Football's Magic Money Tree
Would be staggered if that wage bill was the 2nd lowest in the PL last year.
The last couple of years have seen some fantastic business on player sales and looking at the likes of Caicedo and the offers they turned down recently this looks set to continue.
Finishing top 6, potentially Europe etc will probably keep Bloom at the club for longer and he’ll be happy he’s not having to subsidise the club to the tune of £50m plus per season anymore. Prior to the last couple of years Brighton’s record in the league was not that dissimilar to ours - the only difference being Brighton spent half a billion to be struggling near the bottom of the league most seasons.
The last couple of years have seen some fantastic business on player sales and looking at the likes of Caicedo and the offers they turned down recently this looks set to continue.
Finishing top 6, potentially Europe etc will probably keep Bloom at the club for longer and he’ll be happy he’s not having to subsidise the club to the tune of £50m plus per season anymore. Prior to the last couple of years Brighton’s record in the league was not that dissimilar to ours - the only difference being Brighton spent half a billion to be struggling near the bottom of the league most seasons.
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Re: Football's Magic Money Tree
BREAKING NEWS: Barcelona could face a ban from the Champions League https://mol.im/a/11894677 via https://dailym.ai/android
It won't happen, but uefa have the power to ban Barcelona from European competition for a year
It won't happen, but uefa have the power to ban Barcelona from European competition for a year
Re: Football's Magic Money Tree
Bournemouth accounts for last season in the Champ make for interesting reading.
Loss of £55m the headline:
https://twitter.com/kieranmaguire/statu ... 59Piho1d6w
Loss of £55m the headline:
https://twitter.com/kieranmaguire/statu ... 59Piho1d6w
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Re: Football's Magic Money Tree
That's mental money for a club that small.
Wonder how many clubs have to drown in debt before football admits it has a problem
Wonder how many clubs have to drown in debt before football admits it has a problem
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Re: Football's Magic Money Tree
This has actually happened, he's been dropped back down to youth team and removed from their senior squad courtesy of the Spanish FA.GodIsADeeJay81 wrote: ↑Tue Mar 21, 2023 7:40 pmGavi 'could depart Barcelona for FREE this summer' https://mol.im/a/11886233 via https://dailym.ai/android
Barca offered a youth player a professional/senior contract but they can't register him because of their issues with La Liga salary caps.
He could be demoted back to academy status and he could leave for nothing in the summer...
They had inserted a €1 billion buyout clause in his senior contract but that will be canceled if his status is downgraded
He can move for free in the summer if the situation isn't resolved by then, my money is on City to work with Pep if he meets migration rules
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Re: Football's Magic Money Tree
Be lucky to get football to admit to anything that doesn’t blow smoke up its arse….GodIsADeeJay81 wrote: ↑Fri Mar 24, 2023 9:42 amThat's mental money for a club that small.
Wonder how many clubs have to drown in debt before football admits it has a problem
These 2 users liked this post: GodIsADeeJay81 Colburn_Claret
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Re: Football's Magic Money Tree
Premier League braced to battle Chelsea over potential breach of rules https://mol.im/a/11912279 via https://dailym.ai/android
Chelsea cooked the books like Everton, exaggerating their losses, it would appear.
Chelsea cooked the books like Everton, exaggerating their losses, it would appear.
Re: Football's Magic Money Tree
More on parachute payments which are proving to be a sticking point between the PL and EFL with this new deal.
PL CEO Masters has described them as “vital” and “one of the few sustainability instruments that exist within football, albeit for a small group of clubs”, and warned that there would be “significant difficulties” for promoted and relegated clubs without them.
https://theathletic.com/4359797/2023/03 ... broadcast/
PL CEO Masters has described them as “vital” and “one of the few sustainability instruments that exist within football, albeit for a small group of clubs”, and warned that there would be “significant difficulties” for promoted and relegated clubs without them.
https://theathletic.com/4359797/2023/03 ... broadcast/
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Re: Football's Magic Money Tree
Mandatory relegation clauses, that's all it needs to be, or wage/budget caps like La LigaRVclaret wrote: ↑Wed Mar 29, 2023 1:47 pmMore on parachute payments which are proving to be a sticking point between the PL and EFL with this new deal.
PL CEO Masters has described them as “vital” and “one of the few sustainability instruments that exist within football, albeit for a small group of clubs”, and warned that there would be “significant difficulties” for promoted and relegated clubs without them.
https://theathletic.com/4359797/2023/03 ... broadcast/
Re: Football's Magic Money Tree
Yeah I agree.GodIsADeeJay81 wrote: ↑Wed Mar 29, 2023 2:32 pmMandatory relegation clauses, that's all it needs to be, or wage/budget caps like La Liga
Re: Football's Magic Money Tree
DAZN bidding to show every single EFL match live
The death of full stadiums? DAZN also does this here in Italy and it’s thought to be a contributing factor to why Serie A games are poorly attended.
https://www.thetimes.co.uk/article/dazn ... -5htrdnsl0
The death of full stadiums? DAZN also does this here in Italy and it’s thought to be a contributing factor to why Serie A games are poorly attended.
https://www.thetimes.co.uk/article/dazn ... -5htrdnsl0
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Re: Football's Magic Money Tree
Surprised this article hasn't been mentioned yet.
Premier League clubs avoided £250m in tax, expert estimate.
https://www.bbc.com/news/uk-65097761
Premier League clubs avoided £250m in tax, expert estimate.
https://www.bbc.com/news/uk-65097761
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Re: Football's Magic Money Tree
The £5 million loan to Lai has been written off by the club it would seemChester Perry wrote: ↑Thu Jan 19, 2023 2:10 pmRon Gourlay the Chief exec at West Brom talks to The Athletic about the issues that have got the fams worried (those same fans appear to have faith in Gourlay btw) - it is well worth a look at
Ron Gourlay interview: Lai loans, protests, Corberan and takeover prospects
https://archive.is/JLc9p
https://twitter.com/KieranMaguire/statu ... wAjXQ&s=19
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Re: Football's Magic Money Tree
Barcelona set to 'propose salary REDUCTION to whole squad' https://mol.im/a/11949309 via https://dailym.ai/android
Another interesting summer ahead for Barca
Another interesting summer ahead for Barca
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Re: Football's Magic Money Tree
https://twitter.com/KieranMaguire/statu ... NMyFQ&s=19
Leeds' accounts released and checked over by Kieran Maguire
That's some big losses there
Leeds' accounts released and checked over by Kieran Maguire
That's some big losses there
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Re: Football's Magic Money Tree
Premier League 'discussing future plans to show games on own platform' https://mol.im/a/11953381 via https://dailym.ai/android
Looks like the PL are waking up to the idea of their own streaming service.
Looks like the PL are waking up to the idea of their own streaming service.
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Re: Football's Magic Money Tree
https://twitter.com/KieranMaguire/statu ... qaNRA&s=19
Chelsea's finances and a stark reminder of what we're up against in the PL
Chelsea's finances and a stark reminder of what we're up against in the PL
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Re: Football's Magic Money Tree
I think this just reinforces what our business model should be;GodIsADeeJay81 wrote: ↑Sun Apr 09, 2023 12:10 pmhttps://twitter.com/KieranMaguire/statu ... qaNRA&s=19
Chelsea's finances and a stark reminder of what we're up against in the PL
Signing unfashionable (unfashionable for the big teams) youngsters and try and coach them into our sort of way of playing, not necessarily pushing the boat out for massive marquee signings but being diligent & astute.
Like a mini Ajax if you will; easier said than done mind.
There’s not much point signing players for big money north of say 27 or free agents on big wages over 30, prefer to invest that money into our scout network.
Re: Football's Magic Money Tree
https://twitter.com/kieranmaguire/statu ... 59Piho1d6w
Blackburn Rovers accounts. A nice 21m operating loss last season. Player sales halved it but won’t be the case this season as they didn’t sell anyone. Total losses now 300m.
Blackburn Rovers accounts. A nice 21m operating loss last season. Player sales halved it but won’t be the case this season as they didn’t sell anyone. Total losses now 300m.
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Re: Football's Magic Money Tree
That's an horrific amount of money considering the poor return
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Re: Football's Magic Money Tree
This weekend we have seen a famous (and quite wonderful) promotion and in the posts above more incredible financial reports, illustrating how clearly bonkers the spending on football has become.
Yet there are other issues that are being highlighted but not really being picked up, they are perhaps more important for the game overall
Last week I posted this on another thread, I was accused of using a lot of words to justify a dislike of the owner - incidentally I do not recall ever wishing them anything but success in my writings and postings - though I will say that is more because of what the club means to the town, than for them personally. People often mistake criticism for dislike, but these same people tend to to defend the owners every action just because of the gloriously thrilling spectacle of the teams performance this season, which frankly, is both ridiculous and hugely irresponsible.
Sackings spate shows who matters now: welcome to football’s age of the executive
The defining player and dominant manager have had their day – now a club’s route to success is to catch the eye of a sugar daddy
https://archive.is/oVm36
it highlights an issue I have been mulling over for some time, covering in part in my articles and posts but not fully addressing - I know that there are others that share some of my concerns based on personal correspondence - they have sought. Today in the Athletic Oliver Kay tackles the issue head on, it is a long and thoughtful piece. The two together are probably the most significant football writings of the weekend.
The owners and chairmen of football clubs should no longer be allowed to stay quiet
https://archive.is/Wr84X
Yet there are other issues that are being highlighted but not really being picked up, they are perhaps more important for the game overall
Last week I posted this on another thread, I was accused of using a lot of words to justify a dislike of the owner - incidentally I do not recall ever wishing them anything but success in my writings and postings - though I will say that is more because of what the club means to the town, than for them personally. People often mistake criticism for dislike, but these same people tend to to defend the owners every action just because of the gloriously thrilling spectacle of the teams performance this season, which frankly, is both ridiculous and hugely irresponsible.
Yesterday Jonathan Wilson in the Guardian wrote thisChester Perry wrote: ↑Mon Apr 03, 2023 12:44 pm...When Pace gave his first press conference he said this when asked directly about communication with fans/supporters
“I hope that they will see that we are fairly open, I like to think very open, and we like to communicate"
that of course has proven to be distinctly untrue, we now exist in era of the club where reporting of its business side and information shared with shareholders in particular, has never in the 125 year history of the Burnley Football and Athletic Club Limited been so restricted. The complexity and opacity of the entities that comprise the ownership structure are just an additional distraction to this core issue.
My last article for the London Clarets finished in this way
"Football clubs are not private playthings; they should not be thought of as piggy banks, nest eggs
or annuity funds. They are the fabric that binds together communities with all their hopes, joys,
dreams, fears, memories and pain woven into them. We should remain mindful of this, be vigilant
and seek to better understand how our club is run."
you can read all of it here if you choose https://twitter.com/LondonClarets/statu ... 0268922886
essentially what I am getting here is that anyone who believes that the club is a central institution of our community as supporters and/or the town has a responsibility to be a critical observer of it. This is a millennia held belief of free (western) societies. Hence, my quotation of Juvenal's "Quis custodiet ipsos custodes?" on another thread yesterday. There are many who would be better supporter's of the club by understanding the value of that thought, because they act like customers and they are not when it comes down to the essential truth of it.
That is a point proven repeatedly up and down the country in recent years and one we are still seeing at clubs ranging from Everton, through fellow Lancastrians Morecambe to Birmingham City and West Bromwich Albion. There are plenty of others too, which is why we are heading to the imposition of an Independent Regulator of Football, not because football is a huge financial industry (it isn't in the scheme off things) but because of the fact that football clubs central importance to the communities in which they reside. A point recognised and made clear very early on in the recent White Paper - actually in the executive summary
“The free market does not properly account for the importance of clubs to their fans and communities, and industry self-regulation has remained inadequate – seeing clubs collapse and fans harmed. Therefore, football needs a strong centre to independently apply reformed rules.”
I have not, would not suggest that we should not enjoy the football - this season should be treasured and cherished, it will rightfully live always as a bright star in the annals of our history and may yet be the precursor to even greater achievements - but that should never allow us to forget our responsibilities to watch over the rest of the activities at the club
Sackings spate shows who matters now: welcome to football’s age of the executive
The defining player and dominant manager have had their day – now a club’s route to success is to catch the eye of a sugar daddy
https://archive.is/oVm36
it highlights an issue I have been mulling over for some time, covering in part in my articles and posts but not fully addressing - I know that there are others that share some of my concerns based on personal correspondence - they have sought. Today in the Athletic Oliver Kay tackles the issue head on, it is a long and thoughtful piece. The two together are probably the most significant football writings of the weekend.
The owners and chairmen of football clubs should no longer be allowed to stay quiet
https://archive.is/Wr84X
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Re: Football's Magic Money Tree
he'll easily get in, he'll get in on the elite sportsperson part aloneGodIsADeeJay81 wrote: ↑Fri Mar 24, 2023 10:57 pmThis has actually happened, he's been dropped back down to youth team and removed from their senior squad courtesy of the Spanish FA.
He can move for free in the summer if the situation isn't resolved by then, my money is on City to work with Pep if he meets migration rules
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Re: Football's Magic Money Tree
Leeds United say independent regulator a risk to finances - https://www.bbc.co.uk/sport/football/65224822
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Re: Football's Magic Money Tree
Interesting - IREF may be starting sooner than we thought - from the Independent
English football’s watershed independent regulator to launch next year
The new commission will oversee the sport in England and is set for the beginning of the 2024-25 season
https://archive.is/myjv8
English football’s watershed independent regulator to launch next year
The new commission will oversee the sport in England and is set for the beginning of the 2024-25 season
https://archive.is/myjv8
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Re: Football's Magic Money Tree
this will please a few - from the Times
New Fifa exam expected to reduce number of football agents
Predictions of ‘busiest transfer window ever’ this summer as agents scramble to secure deals before exam completion deadline
https://archive.is/jk14L
New Fifa exam expected to reduce number of football agents
Predictions of ‘busiest transfer window ever’ this summer as agents scramble to secure deals before exam completion deadline
https://archive.is/jk14L
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Re: Football's Magic Money Tree
excellent paper on some of the wider concerns about Multi-club operations in football from play the game
Spree of buying clubs threatens football integrity
Investors assembling a portfolio of football clubs is changing football and existing regulation may not be big enough to cope with the burgeoning phenomenom of multi-club ownerships, which has tied up more than 9,000 football players and swathes of financially weak smaller clubs.
https://archive.is/DU0Da
Spree of buying clubs threatens football integrity
Investors assembling a portfolio of football clubs is changing football and existing regulation may not be big enough to cope with the burgeoning phenomenom of multi-club ownerships, which has tied up more than 9,000 football players and swathes of financially weak smaller clubs.
https://archive.is/DU0Da
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Re: Football's Magic Money Tree
https://twitter.com/KieranMaguire/statu ... MZ2AQ&s=19
Almost predictably, Bolton are still losing money.
Almost predictably, Bolton are still losing money.
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Re: Football's Magic Money Tree
Oliver Kay in The Athletic making a point that I have been making for years - there are still many who refuse to accept it too
Stagnation, fifth-season syndrome and staying afloat in the Premier League
https://archive.is/QFE2x
Stagnation, fifth-season syndrome and staying afloat in the Premier League
https://archive.is/QFE2x
Re: Football's Magic Money Tree
Read this earlier. It’s a good article from Oliver Kay. I found the quotes from Huw Jenkins interesting on where he thinks Swansea went wrong. 5th season syndrome too was something I’d not thought of.Chester Perry wrote: ↑Fri Apr 14, 2023 3:58 pmOliver Kay in The Athletic making a point that I have been making for years - there are still many who refuse to accept it too
Stagnation, fifth-season syndrome and staying afloat in the Premier League
https://archive.is/QFE2x
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Re: Football's Magic Money Tree
The above article served only to prove Miguel Delaney's assertion that 'Their are no model clubs for long' (http://www.uptheclarets.com/messageboar ... =2&t=48329)Chester Perry wrote: ↑Fri Apr 14, 2023 3:58 pmOliver Kay in The Athletic making a point that I have been making for years - there are still many who refuse to accept it too
Stagnation, fifth-season syndrome and staying afloat in the Premier League
https://archive.is/QFE2x
Here, in the New York Times today, Tariq Panja looks at one club looking to disprove that notion
The Secret Behind the Premier League’s Smartest Team
Brighton has risen into the top half of the league with smart signings, contingency plans and a spreadsheet that sees the future.
https://archive.is/74taw
it follows another article in the Guardian earlier in the week from Grimsby chair Jason Stockwood
In a few years’ time, football coaches may be using an AI assistant
Artificial intelligence could enhance insights in the game and has been part of the success at Brighton and Brentford
https://archive.is/Gi2mW
Which the Telegraph surprisingly made fun of to a degree - I thought Stockwood was about right
AI is already influencing football, but is it ready to manage a club?
Grimsby Town FC owner Jason Stockwood said artificial intelligence is already influencing the game with teams using it to sign players
https://www.telegraph.co.uk/football/20 ... -to-manag/
Both the owners and manager of our club have a belief and commitment to tech, which is increasingly looking like an essential component of a club's current, never mind future operations, though it appears that the progress of one initially sports/football related AI concern (Frontier Labs Limited) will no longer benefit from the funding/input of Vincent Kompany. The divestment of his shareholding looks strategic and planned, the business appears to have moved away from its sports roots, occurring over multiple years, with shares being transferred to the original founders of the business he helped grow out of an incubator operation that won the first ever football data hackathon.
https://frontierlabs.co.uk/
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Re: Football's Magic Money Tree
The Football Magic Money Tree is a fertile ground for scammers - and Premier League clubs are being used to help legitimise these operations through sponsorship - it is like the white label betting operations all over again
https://twitter.com/uglygame/status/164 ... m0rt4tAAAA
The Billion Dollar Scam - from the BBC World Service
https://www.youtube.com/watch?v=w6JXZ3GzSCQ
https://twitter.com/uglygame/status/164 ... m0rt4tAAAA
The Billion Dollar Scam - from the BBC World Service
https://www.youtube.com/watch?v=w6JXZ3GzSCQ
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Re: Football's Magic Money Tree
The best footy TV schedules were shown during COVID Lockdown.
We had Premier and Championship games live nearly every night.
Beats just the Saturday/ Sunday routine.
We had Premier and Championship games live nearly every night.
Beats just the Saturday/ Sunday routine.
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Re: Football's Magic Money Tree
The key there was no fans in attendance and it actually became an issue for both the domestic and international broadcasters - over saturation domestically and out of advertising revenue and peak audience viewing opportunities internationallyIt Is What It Is wrote: ↑Mon Apr 17, 2023 4:41 pmThe best footy TV schedules were shown during COVID Lockdown.
We had Premier and Championship games live nearly every night.
Beats just the Saturday/ Sunday routine.
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Re: Football's Magic Money Tree
the Guardian release the fourth part of the Oligarch Files relating to Roman Abramovitch
Offshore cash and huge loans: how Roman Abramovich turned Chelsea into world-beaters
Exclusive: Leak reveals network of companies used to route fortune made from the oil fields of Siberia into Stamford Bridge
https://archive.is/kBbZS
part 1 is here
Leak reveals Roman Abramovich’s billion-dollar trusts transferred before Russia sanctions
Exclusive: Files raise questions about whether oligarch’s children were made beneficiaries to protect fortune from possible asset freezes
https://archive.is/rC9Hd
Part 2
Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts
Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks
https://archive.is/XwHIs
Part 3
Roman Abramovich secretly bankrolled Dutch football club, leaked documents suggest
Exclusive: Files reveal €117m in loans for Vitesse Arnhem originated with then owner of Chelsea, despite repeated denials
https://archive.is/gToLA
Offshore cash and huge loans: how Roman Abramovich turned Chelsea into world-beaters
Exclusive: Leak reveals network of companies used to route fortune made from the oil fields of Siberia into Stamford Bridge
https://archive.is/kBbZS
part 1 is here
Leak reveals Roman Abramovich’s billion-dollar trusts transferred before Russia sanctions
Exclusive: Files raise questions about whether oligarch’s children were made beneficiaries to protect fortune from possible asset freezes
https://archive.is/rC9Hd
Part 2
Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts
Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks
https://archive.is/XwHIs
Part 3
Roman Abramovich secretly bankrolled Dutch football club, leaked documents suggest
Exclusive: Files reveal €117m in loans for Vitesse Arnhem originated with then owner of Chelsea, despite repeated denials
https://archive.is/gToLA
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Re: Football's Magic Money Tree
There are still some posters on this board who believe that we will have a significant Chinese investor in our club this summer (following the story that Alan Pace told business club members around the time he was sacking Sean Dyche last season.
While there is a different refocus on football within China
https://twitter.com/DreyerChina/status/ ... 4876931072
The story on the international ownership front is still following a now familiar path of exit, including the last financial giant Fosun who earlier this season where looking for western investment partners at Wolves. Now they are considering selling Grasshoppers of Zurich
Grasshopper Zurich’s Chinese Owner Mulls Sale of Football Team
https://archive.is/gYG4c
and in the background is the potential for asset/trading freezes like we saw at Chelsea. The increased Chinese agitation of Taiwan could easily and rapidly escalate
https://www.bbc.co.uk/news/world-asia-china-59900139
While there is a different refocus on football within China
https://twitter.com/DreyerChina/status/ ... 4876931072
The story on the international ownership front is still following a now familiar path of exit, including the last financial giant Fosun who earlier this season where looking for western investment partners at Wolves. Now they are considering selling Grasshoppers of Zurich
Grasshopper Zurich’s Chinese Owner Mulls Sale of Football Team
https://archive.is/gYG4c
and in the background is the potential for asset/trading freezes like we saw at Chelsea. The increased Chinese agitation of Taiwan could easily and rapidly escalate
https://www.bbc.co.uk/news/world-asia-china-59900139
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Re: Football's Magic Money Tree
Philippe Auclair and his colleagues recently won an award for the investigative journalism behind as series of exposes under the umbrella of Devil in the Data - many of which have featured in this thread and can be found listed at the end of this article on why the award was made
https://www.investigativejournalismfore ... orts-data/
They have not rested on their laurels though - in the last few weeks Josimar Football has been posting a new seies of pieces on football's relationship with betting companies and more specifically those white label names we see on the front of football shirts - these are extensive articles and amongst those names feature are our on training kit sponsor X8Bet (a few here lamented this choice of partner, many couldn't care less, a feature that extends to the boardroom at Turf Moor it seems.
All this comes as we await the Governments White Paper on gambling and last weeks rather useless voluntary ban on 'front of shirt' sponsorship in just over 3 seasons - note the ban does not include sleeve, training kit, perimeter or 'preferred partner' deals. The articles are listed in order of appearance
The monster with a thousand faces
https://josimarfootball.com/the-monster ... and-faces/
https://archive.is/dKIw7
The missing link
https://josimarfootball.com/the-missing-link/
https://archive.is/Zw8jc
Behind 8XBet’s Great Wall
https://josimarfootball.com/behind-8xbets-great-wall/
https://archive.is/MaxT0
Entering The Matrix via The Midlands
https://josimarfootball.com/entering-th ... -midlands/
https://archive.is/HorIw
https://www.investigativejournalismfore ... orts-data/
They have not rested on their laurels though - in the last few weeks Josimar Football has been posting a new seies of pieces on football's relationship with betting companies and more specifically those white label names we see on the front of football shirts - these are extensive articles and amongst those names feature are our on training kit sponsor X8Bet (a few here lamented this choice of partner, many couldn't care less, a feature that extends to the boardroom at Turf Moor it seems.
All this comes as we await the Governments White Paper on gambling and last weeks rather useless voluntary ban on 'front of shirt' sponsorship in just over 3 seasons - note the ban does not include sleeve, training kit, perimeter or 'preferred partner' deals. The articles are listed in order of appearance
The monster with a thousand faces
https://josimarfootball.com/the-monster ... and-faces/
https://archive.is/dKIw7
The missing link
https://josimarfootball.com/the-missing-link/
https://archive.is/Zw8jc
Behind 8XBet’s Great Wall
https://josimarfootball.com/behind-8xbets-great-wall/
https://archive.is/MaxT0
Entering The Matrix via The Midlands
https://josimarfootball.com/entering-th ... -midlands/
https://archive.is/HorIw
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Re: Football's Magic Money Tree
a follow up to yesterdays piece in the Guardian on the Oligarch files from the Guardian - part 5Chester Perry wrote: ↑Mon Apr 17, 2023 5:49 pmthe Guardian release the fourth part of the Oligarch Files relating to Roman Abramovitch
Offshore cash and huge loans: how Roman Abramovich turned Chelsea into world-beaters
Exclusive: Leak reveals network of companies used to route fortune made from the oil fields of Siberia into Stamford Bridge
https://archive.is/kBbZS
part 1 is here
Leak reveals Roman Abramovich’s billion-dollar trusts transferred before Russia sanctions
Exclusive: Files raise questions about whether oligarch’s children were made beneficiaries to protect fortune from possible asset freezes
https://archive.is/rC9Hd
Part 2
Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts
Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks
https://archive.is/XwHIs
Part 3
Roman Abramovich secretly bankrolled Dutch football club, leaked documents suggest
Exclusive: Files reveal €117m in loans for Vitesse Arnhem originated with then owner of Chelsea, despite repeated denials
https://archive.is/gToLA
The Cyprus connection: the family firm that helped pour Abramovich’s millions into Chelsea
Exclusive: Limassol accountant helped Russian oligarchs hide their wealth offshore – now the firm is under UK sanctions
- Leak reveals how Abramovich funded Chelsea’s success
- How Cypriot firm helped ‘Orthodox oligarch’ after sanctions
https://archive.is/Mw9sp
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Re: Football's Magic Money Tree
https://twitter.com/MsiDouglas/status/1 ... keQbA&s=19
Newcastle heading down the multi-club route like City etc.
Newcastle heading down the multi-club route like City etc.
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Re: Football's Magic Money Tree
This has been known for a while. Chelsea looking to do the same and if there is a full Manchester United takeover they will be a multi-club tooGodIsADeeJay81 wrote: ↑Wed Apr 19, 2023 1:54 pmhttps://twitter.com/MsiDouglas/status/1 ... keQbA&s=19
Newcastle heading down the multi-club route like City etc.
As things appear it is looking like a third of the 92 will be involved in some form of multi-club ownership
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Re: Football's Magic Money Tree
In many ways I am surprised this has taken so long - A new group, backed by Javier Tebas is formed to challenge the interests and the might of the ECA - an organisation with hundreds of members, less than 10% of whom are allowed to vote on it's members. The Union of European Clubs aims to speak (and represent) those who have long been marginalised.
New rift in European football as La Liga president endorses breakaway group
Exclusive: Tebas will address new Union of European Clubs which will seek to challenge 'the elite' within European Club Association
https://12ft.io/proxy?q=https%3A%2F%2Fw ... -league%2F
New rift in European football as La Liga president endorses breakaway group
Exclusive: Tebas will address new Union of European Clubs which will seek to challenge 'the elite' within European Club Association
https://12ft.io/proxy?q=https%3A%2F%2Fw ... -league%2F
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Re: Football's Magic Money Tree
Rick Parry continues his dog with a bone act, in regards to parachute payments, which have not grow for 8 seasons and were subject to covid rebate contributions, unlike solidarity payments, Still there is no mention of the ever in creasing revenue gap between the top and bottom of the Premier League facilitated by UEFA and in the future FIFA. this is the gap he as actively been involved in trying to not only increase but seal in perpetuity (Project Big Picture) lest anyone forget - from the Athletic.
EFL chairman Rick Parry disputes Premier League’s evidence at UK parliamentary hearing
https://archive.is/hB2G8
EFL chairman Rick Parry disputes Premier League’s evidence at UK parliamentary hearing
https://archive.is/hB2G8
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Re: Football's Magic Money Tree
Juventus' points deduction has been revoked temporarily on appeal, they're up in 3rd place now.
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Re: Football's Magic Money Tree
I saw this was likely yesterday - more potential 'kicking the can down the road', Champions League qualification next season is vital to their finances.GodIsADeeJay81 wrote: ↑Thu Apr 20, 2023 5:56 pmJuventus' points deduction has been revoked temporarily on appeal, they're up in 3rd place now.
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Re: Football's Magic Money Tree
I have been writing about the distortion in domestic leagues that UEFA's payments to participants of its club competitions creates for quite some time - in many ways this feels somewhat to late - The European Leagues organisation demand that UEFA change it;s payment model - from the Athletic
UEFA urged to make ‘substantial increase’ in payments to non-elite European clubs
https://archive.is/ttHT6
UEFA urged to make ‘substantial increase’ in payments to non-elite European clubs
https://archive.is/ttHT6
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Re: Football's Magic Money Tree
As we expect the government White paper on Gambling in the coming days The Financial Times looks at how deep its presence is felt within the game
How English football became hooked on gambling
Despite a new clampdown on sponsorship the betting industry remains entrenched in every level of the game
https://archive.is/h5nDU
How English football became hooked on gambling
Despite a new clampdown on sponsorship the betting industry remains entrenched in every level of the game
https://archive.is/h5nDU
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Re: Football's Magic Money Tree
This from Josimar Football is an interesting new angle in the fight against gambling in football - players are fighting against the use of their image without payment to advertise betting companies
Off-the-pitch showdown
https://josimarfootball.com/off-the-pitch-showdown/
https://archive.is/2ZnF1
Off-the-pitch showdown
https://josimarfootball.com/off-the-pitch-showdown/
https://archive.is/2ZnF1
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Re: Football's Magic Money Tree
So this new organisation - the Union of European Clubs - got off the ground today - no surprise what the key takeaway has been - just look at the share of revenue shared by just 12 clubs - funnily enough almost all were involved in Super LeagueChester Perry wrote: ↑Thu Apr 20, 2023 12:40 amIn many ways I am surprised this has taken so long - A new group, backed by Javier Tebas is formed to challenge the interests and the might of the ECA - an organisation with hundreds of members, less than 10% of whom are allowed to vote on it's members. The Union of European Clubs aims to speak (and represent) those who have long been marginalised.
New rift in European football as La Liga president endorses breakaway group
Exclusive: Tebas will address new Union of European Clubs which will seek to challenge 'the elite' within European Club Association
https://12ft.io/proxy?q=https%3A%2F%2Fw ... -league%2F
Champions League: Uefa must change revenue distribution, says Crystal Palace chairman Steve Parish
https://www.bbc.co.uk/sport/football/65380806
Of course we were given the heads up on it last week - It is an argument I have been making for years
Chester Perry wrote: ↑Sat Apr 22, 2023 12:33 amI have been writing about the distortion in domestic leagues that UEFA's payments to participants of its club competitions creates for quite some time - in many ways this feels somewhat to late - The European Leagues organisation demand that UEFA change it;s payment model - from the Athletic
UEFA urged to make ‘substantial increase’ in payments to non-elite European clubs
https://archive.is/ttHT6