Football's Magic Money Tree

This Forum is the main messageboard to discuss all things Claret and Blue and beyond
Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Fri Feb 17, 2023 8:26 pm

And so it begins

Manchester United: Sheikh Jassim confirms bid to buy Premier League club
https://www.bbc.co.uk/sport/football/64684703

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Fri Feb 17, 2023 8:58 pm

Chester Perry wrote:
Fri Feb 17, 2023 8:26 pm
And so it begins

Manchester United: Sheikh Jassim confirms bid to buy Premier League club
https://www.bbc.co.uk/sport/football/64684703
Barney Ronay in the Guardian jumps the gun (the bid was well telegraphed) in his condemnation


Qatar buying Manchester United would be a disaster – just look at the state of PSG
What makes an impact is basic footballing competence and the cautious progress made under Erik ten Hag would be destroyed in an instant

https://www.theguardian.com/football/bl ... ate-of-psg

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Fri Feb 17, 2023 9:05 pm

Chester Perry wrote:
Thu Feb 16, 2023 12:42 pm
hmm
https://twitter.com/shrimpstrust/status ... iesZAtAAAA
Image

I think @UglyGame makes all the right points here

https://twitter.com/uglygame/status/1625933387365076992
following up on this weeks tough stance re the proposed Sheffield United takeover, the EFL does it again re the Morecambe one - this is much more like it

EFL Statement: Morecambe
https://www.efl.com/news/2023/february/ ... 0completed.

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Fri Feb 17, 2023 9:18 pm

If this is true then the Premier League will have the auction competition it desperately wants for domestic rights and probably the first increase in domestic revenues in 4 cycles (12 years).

DAZN announce plans to muscle in on Premier League TV rights in a battle with Sky Sports, BT and Amazon ahead of next year's auction... so will it mean ANOTHER costly subscription for hard-hit fans?
- DAZN have confirmed their intentions to host Premier League football
- The subscription service will rival Sky, BT Sport, and Amazon Prime for rights
- Chief executive Shay Segev insisted DAZN 'can be a big player' in the UK

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

clarethomer
Posts: 3104
Joined: Thu Jan 21, 2016 8:24 am
Been Liked: 942 times
Has Liked: 410 times

Re: Football's Magic Money Tree

Post by clarethomer » Fri Feb 17, 2023 9:35 pm

Chester Perry wrote:
Fri Feb 17, 2023 9:18 pm
If this is true then the Premier League will have the auction competition it desperately wants for domestic rights and probably the first increase in domestic revenues in 4 cycles (12 years).

DAZN announce plans to muscle in on Premier League TV rights in a battle with Sky Sports, BT and Amazon ahead of next year's auction... so will it mean ANOTHER costly subscription for hard-hit fans?
- DAZN have confirmed their intentions to host Premier League football
- The subscription service will rival Sky, BT Sport, and Amazon Prime for rights
- Chief executive Shay Segev insisted DAZN 'can be a big player' in the UK

https://12ft.io/proxy?q=https%3A%2F%2Fw ... ights.html
More subscriptions to pay for - doing a good job of pushing more people to paying for illegal streaming

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Sat Feb 18, 2023 9:23 am

Chester Perry wrote:
Fri Feb 17, 2023 8:26 pm
And so it begins

Manchester United: Sheikh Jassim confirms bid to buy Premier League club
https://www.bbc.co.uk/sport/football/64684703
https://twitter.com/Qatari/status/16266 ... 7Aivg&s=19

Claims he won't be taking money out of the club, but £5 billion is a lot

RVclaret
Posts: 13836
Joined: Thu Jan 21, 2016 8:30 am
Been Liked: 3707 times
Has Liked: 2499 times

Re: Football's Magic Money Tree

Post by RVclaret » Sat Feb 18, 2023 10:19 am

https://theathletic.com/4197333/2023/02 ... el-farage/

Nigel Farage has somehow ended up in talk around the Sheffield United takeover, all a bit bizarre.

Crex901
Posts: 9
Joined: Mon Jan 30, 2023 2:51 pm

Re: Football's Magic Money Tree

Post by Crex901 » Sat Feb 18, 2023 10:26 am

man utd news is just inevitable so they may as well go with qatari and hope for the best. saudis vs abu dhabi vs qatar at 3pm on a saturday in england

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Sun Feb 19, 2023 10:34 pm

An absolutely fascinating article about a historical takeover of Manchester United by Sam Wallace inthe Telegraph

The unseen letters that warned of an ‘evil Manchester United takeover’ – in 1963
Unseen letters to former owners reveal idealism about how club should be run that seems a world away from Glazers’ stewardship

https://12ft.io/proxy?ref=&q=https://ww ... over-1963/

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 20, 2023 12:35 pm

Following another spate of sackings in the Championship - the numbers are beginning to look absolutely crazy but this thread from Tim Keech shows just how desperate finances in the Championship are - particularly for those clubs that got ambitious just before Covid struck - There really isn't a magic money tree in the EFL all there is, is the teet of the Premier League

https://twitter.com/SBunching/status/16 ... 3890791430

RVclaret
Posts: 13836
Joined: Thu Jan 21, 2016 8:30 am
Been Liked: 3707 times
Has Liked: 2499 times

Re: Football's Magic Money Tree

Post by RVclaret » Mon Feb 20, 2023 12:39 pm

Chester Perry wrote:
Mon Feb 20, 2023 12:35 pm
Following another spate of sackings in the Championship - the numbers are beginning to look absolutely crazy but this thread from Tim Keech shows just how desperate finances in the Championship are - particularly for those clubs that got ambitious just before Covid struck - There really isn't a magic money tree in the EFL all there is, is the teet of the Premier League

https://twitter.com/SBunching/status/16 ... 3890791430
Saw this, but why is it such an issue for contracts signed before Covid? Surely now with revenues back to normal it’s the same?

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 20, 2023 12:51 pm

RVclaret wrote:
Mon Feb 20, 2023 12:39 pm
Saw this, but why is it such an issue for contracts signed before Covid? Surely now with revenues back to normal it’s the same?
Small matter of paying large contracts at a time when revenues were at the their lowest - recovery of of club finances will take anything from 2 to 5 years in the EFL - at the very least there needs to be a weaning off the 3 year Profit and sustainability window. Financial regulations are about to get tighter and as a result of the losses and the anticipation of new regulations the wages market has not returned to what it was, meaning players on large deals cannot be moved on. In many ways it is the Everton situation writ large.

Also factor in many small businesses are struggling in the economy and that will impact on owner contributions together with sponsorship/commercial income too. So many pressures on clubs in the EFL at the current time add in fans all demanding success, signings and growth. There is unrest even at clubs were the owners are completely open with fans - there are huge numbers of clubs for sale and not many takers that most would consider appropriate

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 20, 2023 2:45 pm

Chester Perry wrote:
Thu Oct 13, 2022 9:23 pm
One of the most explicit articles you will read as to why American Investment houses are investing in sport, the problem as the chaps at Vysyble point out - 'football doesn't do 'profit' very well at all...'

https://twitter.com/vysyble

https://sports.yahoo.com/wall-street-de ... 00293.html

Wall Street Will Demand More Results as Sports Relies on Its Money
Brendan Coffey
Thu, October 13, 2022 at 10:55 AM·6 min read

Today’s guest columnist is Sportico sports finance reporter Brendan Coffey.

It’s not news to people in the industry that institutional asset managers are flocking to invest in teams, but it’s worth noting the amount of money flowing toward franchises and related business has increased noticeably this year.

In recent months Gerry Cardinale’s RedBird Capital has started raising a new $2.6 billion fund, Arctos Sports Partners is collecting $2.5 billion for its new second fund and private equity behemoth Ares Management just closed on an oversubscribed $2 billion sports-focused fund.

The list goes on: Dyal Homecourt still intends to raise $2 billion to invest in NBA limited partner stakes, while the percentage of assets devoted to sports keeps increasing at asset giants Silver Lake Technologies, Sixth Street and CVC Partners. Then there is the gaggle of new sports tech and betting-focused funds launched by everyone from well-known industry executives to colleges to marketing firms.

In short, despite the turbulent markets, these are good times for sports businesses seeking capital, as attendees are sure to see at Sportico’s Invest in Sports conference next week.

The force behind this “is the change of consumer behavior that really drives the behavior of every advertiser on the planet, and that is cord-cutting,” said Christopher Zook, the CEO of CAZ Investments, a $4 billion asset manager.

Zook has spent 20 years pursuing thematic investments, such as shorting subprime mortgages ahead of the Great Recession and getting in early on the oil and gas fracking boom. His latest theme is sports. Zook has “several hundred million dollars” in the strategy now, with direct investments in esports and sports, and a large chunk in pro teams invested through Arctos. “How do advertisers reach the people they want to market to? The answer is they really have to focus on live events, because that’s the only time people will actually let a commercial go by and watch it,” he said.

Sports gambling’s expansion adds to the growth equation, while inflation only makes sports more attractive for investors, since teams have leverage to pass higher prices along to fans at the park, Zook says. Team land holdings help, too, he notes, since real estate is a traditional inflation hedge.

No doubt the major teams and leagues are in the driver’s seat for raising capital. Sports’ long-term value growth plus its low correlation with other asset classes ticks two big boxes for the CFA crowd. But with big money comes—well, maybe not huge risk—but risk nonetheless.

The first is that Wall Street managers aren’t like Green Bay Packers cheeseheads buying a share to hang in a frame: They demand results. Historically, teams provided attractive gains. From 1996 to 2021, values grew 1,118% for NHL teams, 1,560% for MLB, 1,850% for NBA and 1,890% for NFL franchises, according to Sportico data. But that isn’t as spectacular as you might think: The total return (price plus dividends) of the S&P 500 was 1,260% in that time. Expectations are that sport owners will do what it takes to keep providing growth of a similar trajectory.

“We are expecting two-and-a-half times multiples on our money and a 20% IRR [internal rate of return], otherwise we really wouldn’t be interested in this space,” said Zook. And CAZ’s expectations aren’t unusual compared with other managers.

While that’s below the rate of the past 25 years, it’s still a bar that teams and leagues need to hit in the timeframe of most institutional money—three, five or seven years. Ares invests primarily by giving loans and financing debt—which is less risky than equity and thus fosters lower expectations for returns. The firm has averaged a 12% IRR on all of its funds in its history, according to an investor presentation deck reviewed by Sportico last year. That’s at least the baseline expectation for its sport fund, given the rising interest rate environment means risk-free debt—U.S. Treasuries—will pay more in yield going forward.

Eventually, the more teams rely on institutional money for continued liquidity, the more the balance of power will even out, according to Zook. “There will be some pressure to distribute, probably in the form of dividend recaps,” he said, referring to the strategy of entities taking a loan to pay special dividends to shareholders, much like MSG Sports’ recent declaration. “When rates go back down again in two or three years, it would not surprise me at all to see someone do an LTV [loan-to-value] of 10%… to where your return on equity becomes a little bit higher.”

Drawing capital from a business to pay dividends is fairly standard practice, but in sports it comes with risk. Ask Manchester United’s Glazers.

Plus, as the investor universe expands, the money becomes more finicky. Endowments and pension funds may be fine committing 10 years to an investment, but the high-net-worth individuals, family offices and financial advisors that comprise a growing cohort of sports-focused funds’ investors are more likely to cash out if team values stagnate or decline more than a blip.

So expect institutional money to agitate not just for payouts, but more aggressive growth: buying other teams, forcing media right fees higher and inventing revenue streams that don’t exist. How is that best done? Think platforms.

To CAZ’s Zook, Fenway Sports group is “the epitome of a platform in sports right now,” with its holding of multiple teams—Red Sox, Penguins, Liverpool FC, RFK Racing—plus content ventures. The Chicago Cubs with their real estate projects and the Sacramento Kings’ recent purchase of the minor league baseball Sacramento River Cats are two other examples. “The more of a monopoly that exists in the local market, the better it is for the local team,” Zook said.

The main long-term risk Zook sees to the platform strategy is, so far, a remote one: The technology giants figure out a way to get marketers to reach the same audiences as effectively without live sports.

In the near term, Zook says the biggest risk for sports investing is too much of a good thing. “If there becomes too much money chasing too few opportunities, then prices become silly. That’s always bad for an investor.”

The truth may be the industry sits far from “silly” levels right now. But the money being raised this year by Arctos, Ares and RedBird alone? According to PitchBook data, it’s more than three times what was invested in sports in 2021.
The above was a classic article explaining my 'the vultures are at the door' theme of posts, this post highlights what they want and what happens on the pitch is only a small part of the focus they are demanding from clubs

Interesting piece from Sportico.com as CVC urges the La Liga clubs it is now in partnership with to do more in building their brands both domestically and internationally - they are not currently getting the rewards they were hoping for in their investment

CVC KEEPING CLOSE TABS ON LALIGA BOOST PROGRESS
https://archive.is/2zCph

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 20, 2023 3:28 pm

@KieranMaguire has been looking at some of the key metrics from Glazer era Manchester United - eyewatering is possibly the best description

https://twitter.com/KieranMaguire/statu ... 6680758275

frankinwales
Posts: 400
Joined: Fri Feb 12, 2016 10:22 am
Been Liked: 86 times
Has Liked: 648 times

Re: Football's Magic Money Tree

Post by frankinwales » Mon Feb 20, 2023 5:58 pm

Thanks Chester, nice work if you can get it.

Do we know how much our directors / owners pay themselves please,?

Thanks, Frank.

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 20, 2023 6:26 pm

frankinwales wrote:
Mon Feb 20, 2023 5:58 pm
Thanks Chester, nice work if you can get it.

Do we know how much our directors / owners pay themselves please,?

Thanks, Frank.
To date no director in the club's history has received a salary, changes in the clubs articles last week mean it is now possible

This is not necessarily a positive thing, particularly in the Premier League age, there are good governance reasons for directors spending all their working days or the vast majority of them working for and at the club to be paid.

It should be noted that at Manchester United, the directors being paid were employees not owners, and this is the case for almost all Premier League clubs.
This user liked this post: frankinwales

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 20, 2023 7:02 pm

This is the third EFL statement about a takeover in a week - all have given indications of a much tougher approach from the EFL - this ones sees charges brought against a number of individuals in regards to the proposed sale of Birmingham City which sought to circumvent the need for the owners and directors test

EFL Statement: Birmingham City
https://www.efl.com/news/2023/february/ ... gham-city/

Colburn_Claret
Posts: 8069
Joined: Thu Jan 21, 2016 4:30 pm
Been Liked: 3060 times
Has Liked: 5023 times
Location: Catterick N.Yorks

Re: Football's Magic Money Tree

Post by Colburn_Claret » Mon Feb 20, 2023 7:44 pm

Chester Perry wrote:
Mon Feb 20, 2023 2:45 pm
The above was a classic article explaining my 'the vultures are at the door' theme of posts, this post highlights what they want and what happens on the pitch is only a small part of the focus they are demanding from clubs

Interesting piece from Sportico.com as CVC urges the La Liga clubs it is now in partnership with to do more in building their brands both domestically and internationally - they are not currently getting the rewards they were hoping for in their investment

CVC KEEPING CLOSE TABS ON LALIGA BOOST PROGRESS
https://archive.is/2zCph
Your heart bleeds for them poor dears

Colburn_Claret
Posts: 8069
Joined: Thu Jan 21, 2016 4:30 pm
Been Liked: 3060 times
Has Liked: 5023 times
Location: Catterick N.Yorks

Re: Football's Magic Money Tree

Post by Colburn_Claret » Mon Feb 20, 2023 7:50 pm

Chester Perry wrote:
Mon Feb 20, 2023 7:02 pm
This is the third EFL statement about a takeover in a week - all have given indications of a much tougher approach from the EFL - this ones sees charges brought against a number of individuals in regards to the proposed sale of Birmingham City which sought to circumvent the need for the owners and directors test

EFL Statement: Birmingham City
https://www.efl.com/news/2023/february/ ... gham-city/
Not sure on this one CP.
Are they saying Brum didn't follow the procedures, or are they saying the club was acquired by someone who hasn't passed OADT.

I ask because the punishment would be bad for the former, the latter could see them kicked out of the league.

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Mon Feb 20, 2023 7:55 pm

Chester Perry wrote:
Mon Feb 20, 2023 2:45 pm
The above was a classic article explaining my 'the vultures are at the door' theme of posts, this post highlights what they want and what happens on the pitch is only a small part of the focus they are demanding from clubs

Interesting piece from Sportico.com as CVC urges the La Liga clubs it is now in partnership with to do more in building their brands both domestically and internationally - they are not currently getting the rewards they were hoping for in their investment

CVC KEEPING CLOSE TABS ON LALIGA BOOST PROGRESS
https://archive.is/2zCph
Good luck with that one, Barca and Real still get a large chunk of the TV money don't they, like Celtic/Rangers in Scotland?
Hardly helps the league to be competitive.

La Liga is fairly boring when compared to the PL and even the championship.
Same with Germany.

They've got a lot of work to do to entice viewers

Colburn_Claret
Posts: 8069
Joined: Thu Jan 21, 2016 4:30 pm
Been Liked: 3060 times
Has Liked: 5023 times
Location: Catterick N.Yorks

Re: Football's Magic Money Tree

Post by Colburn_Claret » Mon Feb 20, 2023 8:11 pm

GodIsADeeJay81 wrote:
Mon Feb 20, 2023 7:55 pm
Good luck with that one, Barca and Real still get a large chunk of the TV money don't they, like Celtic/Rangers in Scotland?
Hardly helps the league to be competitive.

La Liga is fairly boring when compared to the PL and even the championship.
Same with Germany.

They've got a lot of work to do to entice viewers
They don't get as much as they could, Barca have already sold the rights to 25% of theirs.
At least La Liga are doing their best to rein them in.

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 20, 2023 10:14 pm

Colburn_Claret wrote:
Mon Feb 20, 2023 7:50 pm
Not sure on this one CP.
Are they saying Brum didn't follow the procedures, or are they saying the club was acquired by someone who hasn't passed OADT.

I ask because the punishment would be bad for the former, the latter could see them kicked out of the league.
looks like the former and EFL stopped the latter even though it was attempted - probably with the threat of the measure you suggest

Birmingham City face EFL charge after takeover bid investigation
https://www.bbc.co.uk/sport/football/64711621
This user liked this post: Colburn_Claret

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Mon Feb 20, 2023 11:18 pm

Is it really going to happen this week - it has been delayed a number of times already

https://twitter.com/henrywinter/status/ ... 2-3pYtAAAA
"Talk in Whitehall of Thursday for Government White Paper on independent Regulator. Can't come soon enough. More scrutiny on owners, protecting pyramid, reflecting fans' concerns, resisting Super Leaguers etc."

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 12:05 am

Regular followers of this thread will remember the tale of Northampton town and the missing millions of the local council. Here we have another tale of a local council wanting to help it;s league football club but probably getting caught up in the shenanigans of the owner.

Yeovil Town like many clubs was severely impacted by the economic impacts of Covid and all that has ensued since, this was felt more because the owner had borrowed funds to by the club. the financial distress was acute but it looked like there was a wealthy local figure (and long time fan) ready to step in and tale over, but for some reason the owner wouldn't sell and he managed to sell the land around the ground on a long-time lease back (with buyback option) to the local council. That money was used to payback the loans he had taken out to buy the club in the first place

Current Yeovil Town Football Club owner Scott Priestnall announced last night,’ Why should I be bothered to ‘offer’ you the club.’
https://global247news.com/2022/12/16/ye ... -bothered/

we now know why the owner did not want to sell back in 2022 - he now has an exclusive buyback option for land that has full planning permission for 250+ homes -it effectively supercharges the value of the club he still wants to sell.

Plans for 250 houses at Huish Park
https://gloverscast.co.uk/plans-for-250 ... uish-park/

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 12:11 am

The chaps at Vysyble offer their take on the Manchester City v Premier league legal battle that was announced just two weeks ago in a special blog

Blue Monday
http://vysyble.com/blog-026

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 12:36 am

As you would expect Simon Chadwick has some fascinating takes on the Qatari bid for Manchester United - here are a number of threads from the past week or so

As we have seen in Paris Manchester and Newcastle middle Eastern states purchases of football clubs tend to have other motives attached (it is not just the Middle East witness past China led investments linked to the beautiful game). The associated investment opportunities often are just as if not more important.

https://twitter.com/Prof_Chadwick/statu ... 8099159057

With speculation rife that Saudi Arabian interests may have lined up with a bid for Manchester United against the Qatari bid Chadwick introduced us to a new concept Multipolarism while re-treading over established concepts such as 'deals not rules' that we have seen a number of times and which may still come into play in the Manchester City vs Premier League case

https://twitter.com/Prof_Chadwick/statu ... 0446624768

this is hugely informative as to how a small state (even within its own region) seeks to develop its defensive position though legitimisation and relationships via the mechanism of Sport and Media - note that Al Jezeera/beIN is as much a tool for Qatar as the BBC for the UK

https://twitter.com/Prof_Chadwick/statu ... Wg25YtAAAA

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 12:50 am

Of course the other confirmed bidder for Manchester United is not necessarily ideal either even though he is a local lad made good - as Simon Chadwick, again, points out

https://twitter.com/Prof_Chadwick/statu ... 4100853762

and it seems some Manchester United fans have grasped this

https://twitter.com/talkSPORT/status/16 ... 5956171776

https://twitter.com/matigersuit/status/ ... 9957296129

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 1:00 am

Chester Perry wrote:
Mon Feb 20, 2023 11:18 pm
Is it really going to happen this week - it has been delayed a number of times already

https://twitter.com/henrywinter/status/ ... 2-3pYtAAAA
"Talk in Whitehall of Thursday for Government White Paper on independent Regulator. Can't come soon enough. More scrutiny on owners, protecting pyramid, reflecting fans' concerns, resisting Super Leaguers etc."
Remember when after a very lengthy process and much government pressure the Premier League finally accepted guarantees that PiF was not subject to government interference so could takeover Newcastle United - well how about this

LIV Golf’s Saudi Backers Ordered to Turn Over Information in PGA Tour Suit
Saudi Arabia’s Public Investment Fund and its governor had argued they had sovereign immunity in the legal battle

https://archive.is/lwKEy

Yes that is right the PiF owned franchise argued in court that it was a state owned institution so should not be sublect to the proceeding

https://twitter.com/uglygame/status/1626618699372191745

So if we could roll back time would an Independent Football Regulator approved the Saudi PiF bid for Newcastle my guess is yes despite what some think

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 1:10 am

It has been quite some time since I posted on the strange and far from wonderful world of Socios tokens and how they are open to strange manipulations - well here is a another strange happenstance with Everton fan tokens

https://twitter.com/uglygame/status/1627684486560317441

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 2:02 am

So this is an interesting theory, particularly in a post Abrambovistch Chelsea sale world

COMMENT: John W Henry is fishing for Liverpool's true value by looking to sell a small stake in the club. It was a tactic used by Man City in 2019 and will help the Anfield owner get his hands on more money to compete with rivals
- Fenway Sports Group announced last year that they were looking for investment
- It was believed that they would also consider outright offers for Liverpool
- John W. Henry rubbished claims they will sell - but they are looking for investors

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

Of course Liverpool had a similar valuation exercise pre Putins' illegal invasion of the Ukraine, it appeared rather excessive then and still does now

Liverpool boost as owners confirm $735m RedBird deal for stake in FSG
Pandemic has cost club £120m in lost revenue over past year
Deal will enable Liverpool to sign players at pre-Covid levels

https://www.theguardian.com/football/20 ... ake-in-fsg

It may upset Liverpool fans but today's news essentially confirms what most of us already knew - Manchester United is a bigger more valued club globally than Liverpool, even with the inherent issues created by the current ownership

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 3:48 pm

Meanwhile SwissRamble takes a very deep dive into the factors as to why/why not Liverpool are up for sale - it is also had useful discussion on how clubs are valued and factors that investors are taking into consideration. It is thoroughly engrossing and marvellous use of the freedom for detailed analysis he is finding on the substack platform - it is a shame to think that he is looking at the possibility of putting such work behind a paywall

Liverpool Up For Sale - Or Maybe Not
Lost In The Supermarket


https://archive.is/QxGzC
https://swissramble.substack.com/p/live ... email=true

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 3:59 pm

Colburn_Claret wrote:
Mon Feb 20, 2023 7:50 pm
Not sure on this one CP.
Are they saying Brum didn't follow the procedures, or are they saying the club was acquired by someone who hasn't passed OADT.

I ask because the punishment would be bad for the former, the latter could see them kicked out of the league.
There are now suggestions that in fact the EFL believe both scenarios have occurred - though probably in different circumstances

Birmingham City facing further EFL charge over who actually owns club
Exclusive: Unpopular owners Birmingham Sports Holdings Limited facing another crisis

https://12ft.io/proxy?q=https%3A%2F%2Fw ... -charge%2F
This user liked this post: Colburn_Claret

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 4:11 pm

Chester Perry wrote:
Tue Feb 21, 2023 12:36 am
As you would expect Simon Chadwick has some fascinating takes on the Qatari bid for Manchester United - here are a number of threads from the past week or so

As we have seen in Paris Manchester and Newcastle middle Eastern states purchases of football clubs tend to have other motives attached (it is not just the Middle East witness past China led investments linked to the beautiful game). The associated investment opportunities often are just as if not more important.

https://twitter.com/Prof_Chadwick/statu ... 8099159057

With speculation rife that Saudi Arabian interests may have lined up with a bid for Manchester United against the Qatari bid Chadwick introduced us to a new concept Multipolarism while re-treading over established concepts such as 'deals not rules' that we have seen a number of times and which may still come into play in the Manchester City vs Premier League case

https://twitter.com/Prof_Chadwick/statu ... 0446624768

this is hugely informative as to how a small state (even within its own region) seeks to develop its defensive position though legitimisation and relationships via the mechanism of Sport and Media - note that Al Jezeera/beIN is as much a tool for Qatar as the BBC for the UK

https://twitter.com/Prof_Chadwick/statu ... Wg25YtAAAA
Qatar, the UK Government and Manchester United, there is nothing at all surprising about this

https://twitter.com/RobHarris/status/16 ... v6hJgtAAAA

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 4:21 pm

Just in time for our return to the Premier League?

Football & gambling sponsorship: Voluntary front-of-shirt ban 'likely to be agreed'
https://www.bbc.co.uk/sport/football/64717364

While I would be delighted with such a ban, It must be acknowledge that this is likely to impact the revenue achievable for clubs like ours by a fair chunk as a result - Last 3 seasons in the PL saw us achieve £7.5m in each one for a front of shirt sponsor. All our non-betting sponsors have paid fractions of that

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 5:32 pm

This is a disappointing though seemingly inevitable development - after all FIFA wants to keep the broadcasters paying top dollar * A form of Coefficients (yes them again) are to be used to fill two thirds of Europe's 12 spots for the expanded club world cup

Champions League performances to decide who reaches Club World Cup
Uefa coefficient to be used to select 12 European clubs for Fifa’s expanded 32-team tournament in 2025
https://archive.is/4N1qy

Chester Perry
Posts: 19167
Joined: Thu Jun 02, 2016 11:06 am
Been Liked: 3114 times
Has Liked: 481 times

Re: Football's Magic Money Tree

Post by Chester Perry » Tue Feb 21, 2023 5:43 pm

Chester Perry wrote:
Mon Feb 20, 2023 11:18 pm
Is it really going to happen this week - it has been delayed a number of times already

https://twitter.com/henrywinter/status/ ... 2-3pYtAAAA
"Talk in Whitehall of Thursday for Government White Paper on independent Regulator. Can't come soon enough. More scrutiny on owners, protecting pyramid, reflecting fans' concerns, resisting Super Leaguers etc."
and the public opinion/political lobbying ratchets up once more

Premier League clubs fear independent regulator could put off foreign investors
Top flight ready to oppose financial regulations amid concerns rules will weaken league’s status in Europe

https://archive.is/kjCaq#selection-769.0-773.106

meanwhile Rick Parry - who is apparently frustrating more than just those at the Premier League with his refusal to budge on his demands - not that long ago he didn't want an Independent Regulator but did want Project Big Picture
which was developed in parallel with and to work alongside Super League has to goes more low ball

EFL chief Rick Parry admits salary control is inevitable as football awaits White Paper release
Rick Parry, chair of the English Football League, wants a fairer re-distribution of funds to flow down from the Premier League

https://12ft.io/proxy?q=https%3A%2F%2Fw ... d-26284930

RVclaret
Posts: 13836
Joined: Thu Jan 21, 2016 8:30 am
Been Liked: 3707 times
Has Liked: 2499 times

Re: Football's Magic Money Tree

Post by RVclaret » Fri Feb 24, 2023 7:52 am

This is some positive news for the EFL... the Mail reporting a new TV deal could see a doubling of the current rights value, with DAZN and Viaplay rivalling Sky/BT Sport.

Not sure exactly how much extra benefit clubs will get, it still will be under 10m a year for Championship clubs I'd imagine?

https://www.dailymail.co.uk/sport/footb ... ts-up.html

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Sat Feb 25, 2023 9:44 pm

https://sports.yahoo.com/mls-banking-ap ... 38874.html

The details of this deal are interesting

Doing things the PL aren't...

RVclaret
Posts: 13836
Joined: Thu Jan 21, 2016 8:30 am
Been Liked: 3707 times
Has Liked: 2499 times

Re: Football's Magic Money Tree

Post by RVclaret » Tue Feb 28, 2023 7:54 am

Kieran Maguire summarising QPR's latest accounts which show they lost almost 500k a week in 2021/22.

QPR total losses over 330m now over the years.

https://twitter.com/KieranMaguire/statu ... 4133132289

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Thu Mar 02, 2023 11:01 am

Chester Perry wrote:
Tue Feb 21, 2023 1:00 am
Remember when after a very lengthy process and much government pressure the Premier League finally accepted guarantees that PiF was not subject to government interference so could takeover Newcastle United - well how about this

LIV Golf’s Saudi Backers Ordered to Turn Over Information in PGA Tour Suit
Saudi Arabia’s Public Investment Fund and its governor had argued they had sovereign immunity in the legal battle

https://archive.is/lwKEy

Yes that is right the PiF owned franchise argued in court that it was a state owned institution so should not be sublect to the proceeding

https://twitter.com/uglygame/status/1626618699372191745

So if we could roll back time would an Independent Football Regulator approved the Saudi PiF bid for Newcastle my guess is yes despite what some think
Newcastle United: Premier League 'must re-examine' takeover after chairman described as Saudi minister - https://www.bbc.co.uk/sport/football/64821422

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Thu Mar 02, 2023 4:37 pm

The owner of Forest has converted £42 million of loans to the club into shares

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Mon Mar 06, 2023 12:02 pm

https://twitter.com/KieranMaguire/statu ... -tHfA&s=19

Quick summary of PL financial results for 2021/22
Not a shock some of it

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Tue Mar 07, 2023 8:41 pm

Spain's Public Prosecutor WILL proceed with a case against Barcelona https://mol.im/a/11831415 via https://dailym.ai/android

This would be interesting if found guilty

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Tue Mar 07, 2023 8:43 pm

Leicester will embark on summer rebuild despite £100m losses https://mol.im/a/11832031 via https://dailym.ai/android

Huge losses announced at Leicester but as stated, doesn't take into account recent big figure sales.

LeadBelly
Posts: 4176
Joined: Fri Jan 22, 2016 11:07 am
Been Liked: 998 times
Has Liked: 2044 times
Location: North Hampshire

Re: Football's Magic Money Tree

Post by LeadBelly » Tue Mar 07, 2023 8:59 pm

The big sale they made was Fofana for reportedly £70m but they bought Faes for c £15m + Souttar and Kristiansen (combined c £25 m?) so only maybe +£30m net cf the £92.5 m reported previous loss.
They also have Tielemans, Soyuncu and Perez OOC this June; that will get the wage bill down but they will need a couple of replacements at least.

Difficult to see them resisting a big bid for Maddison this summer, I'm sure there will be takers.

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Thu Mar 09, 2023 10:56 pm

https://twitter.com/KieranMaguire/statu ... S2NUQ&s=19

Kieran Maguire discusses the valuation of Utd and why some investors are wary of meeting the Glazers asking price.

Tricky Trevor
Posts: 8321
Joined: Thu Jan 31, 2019 10:06 pm
Been Liked: 2439 times
Has Liked: 1978 times

Re: Football's Magic Money Tree

Post by Tricky Trevor » Fri Mar 10, 2023 7:25 pm

GodIsADeeJay81 wrote:
Tue Mar 07, 2023 8:41 pm
Spain's Public Prosecutor WILL proceed with a case against Barcelona https://mol.im/a/11831415 via https://dailym.ai/android

This would be interesting if found guilty
This only concerns Spanish football but their comeback win over PSG in the CL has long appeared corrupt to me.

GodIsADeeJay81
Posts: 14562
Joined: Thu Feb 01, 2018 9:55 am
Been Liked: 3435 times
Has Liked: 6339 times

Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Tue Mar 21, 2023 7:40 pm

Gavi '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

RVclaret
Posts: 13836
Joined: Thu Jan 21, 2016 8:30 am
Been Liked: 3707 times
Has Liked: 2499 times

Re: Football's Magic Money Tree

Post by RVclaret » Wed Mar 22, 2023 9:23 am

'Premier League offers EFL £30m-a-year sweetener to seal football 'New Deal'

https://news.sky.com/story/premier-leag ... s%20learns.

Further suggestions that a re-form of parachute payments is on the cards.

RVclaret
Posts: 13836
Joined: Thu Jan 21, 2016 8:30 am
Been Liked: 3707 times
Has Liked: 2499 times

Re: Football's Magic Money Tree

Post by RVclaret » Wed Mar 22, 2023 9:59 am

Kieran Maguire breaks down Brighton's accounts for the 2021/22 season:

https://twitter.com/KieranMaguire/statu ... 2662146048

His main comments:

- 24m profit
- 2nd lowest wage bill (not sure how he can accurately say that given not all accounts have been released, like ours)
- net transfer spend 1m

Post Reply