Football's Magic Money Tree

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Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Apr 25, 2023 1:22 am

More on this Union of European Clubs - interesting to see the 5 English clubs that were there -Aston Villa, Brighton, Brentford, Crystal Palace and Watford all but he last with European ambitions. Interestingly I think we missed an associate membership of the ECA when we went out to Olympiacos.

from the Guardian

European Club Association is bad for domestic leagues, says La Liga president
Javier Tebas makes claim at Union of European Clubs event
ECA only ‘represents the elite clubs in Europe’, he says

https://www.theguardian.com/football/20 ... -president
https://archive.is/wGFVi

and the Athletic who focus more on the fact that the Premier League appear to have accepted in part that they are going to have to share more of their monies with the rest of the pyramid. What is interesting if rather too late is that the issue of UEFA monies is now coming to the fore - this should have been argued about in the build up to the Fan Led review- as I said at the time.

Premier League to share more income with EFL clubs through “New Deal for Football” — Steve Parish
https://archive.is/1OgZn

Interestingly these clubs should be represented by the European Leagues Organisation - the same body Javier Tebas/La Liga walked away from recently because he didn't think that they were pushing their case with UEFA (and FIFA) hard enough - It seems that La Liga are providing some of the initial funding for UEC

https://twitter.com/tariqpanja/status/1 ... 3485249538

You can learn more about the Union of European Clubs here
https://www.ueceurope.org/
https://twitter.com/clubs_union

and watch the launch event where Steve Parrish spoke in a panel session from around 47 minutes in - here
https://www.youtube.com/watch?v=jDNRYsV2b9U

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Apr 25, 2023 4:12 pm

If you are looking for a distraction before tonight's derby - try this long read from the Guardian. There is a lot of history about Juventus in it, and plenty of scandal - “Winning is not important; it’s the only thing that matters.” appears to be more than an unofficial motto, it sounds more like a creed when you remember everything Andrea Agnelli, in particular (large amounts of which has been chronicled in this thread), has done. No doubt the future will bring more of the same.

‘I feel like I’m selling my soul’: inside the crisis at Juventus
A series of financial scandals have rocked Italy’s most glamorous club. But is the trouble at Juventus symptomatic of a deeper rot in world football?

https://www.theguardian.com/football/20 ... lusvalenze
https://archive.is/jzNC3

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Thu Apr 27, 2023 4:51 pm

Almost HALF of football agents taking new FIFA exam FAILED https://mol.im/a/12020575 via https://dailym.ai/android

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Apr 28, 2023 4:51 pm

Kieran Maguire looks at the issue of player sales and the difference between common understanding and Accounting understanding - it includes our 2020/21 figures as we are the last of the 2021/22 Premier League teams to report 0 something we should be seeing in the coming days given the Companies House deadline of this Sunday

https://twitter.com/KieranMaguire/statu ... 6094143489

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Apr 28, 2023 5:46 pm

Another article - this time from the Athletic - about the distorting effect of Parachute payments - but here is the thing the biggest losses are made by those in receipt of Parachute Payments, not those without - that is because those clubs have been trying to compete with clubs that earn £350m -£480m more than them in the Premier League. It is only in recent weeks that you have been able to read about that away from this message board

Championship clubs’ finances are ‘broken’
https://archive.is/B7XKi
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RVclaret
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Re: Football's Magic Money Tree

Post by RVclaret » Fri Apr 28, 2023 5:54 pm

Chester Perry wrote:
Fri Apr 28, 2023 5:46 pm
Another article - this time from the Athletic - about the distorting effect of Parachute payments - but here is the thing the biggest losses are made by those in receipt of Parachute Payments, not those without - that is because those clubs have been trying to compete with clubs that earn £350m -£480m more than them in the Premier League. It is only in recent weeks that you have been able to read about that away from this message board

Championship clubs’ finances are ‘broken’
https://archive.is/B7XKi
Completely agree with you

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Apr 28, 2023 6:48 pm

American Investors with actual cash money to buy their shares keep flooding into the English game - will our time come?

David Hellier (he who got the most details about out takeover right in January 2021) for Bloomberg on 3 more Americans joining the American ownership group at Swansea City

Venture Capitalist Joins New Investors in Welsh Football Club
- Nigel Morris is a co-founder and managing partner of QED
- Swansea joint owned by co-founder of Oaktree Capital

https://archive.is/nOSWk

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Apr 28, 2023 6:58 pm

This story comes as no surprise and the value seems close enough to being right for the current stage of development - Newcastle United find a Middle East shirt sponsor - I think the deal value is greater than the total commercial Income at Newcastle in the final Ashley years

Newcastle agree £25m-a-year shirt sponsorship with Middle East company
https://archive.is/4hveZ

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Apr 28, 2023 7:53 pm

Chester Perry wrote:
Fri Apr 28, 2023 6:48 pm
American Investors with actual cash money to buy their shares keep flooding into the English game - will our time come?

David Hellier (he who got the most details about out takeover right in January 2021) for Bloomberg on 3 more Americans joining the American ownership group at Swansea City

Venture Capitalist Joins New Investors in Welsh Football Club
- Nigel Morris is a co-founder and managing partner of QED
- Swansea joint owned by co-founder of Oaktree Capital

https://archive.is/nOSWk
More examples of the ongoing American interest in English Football

American Businessman Seeks Backers for London’s Charlton Athletic Football Club
Marc Spiegel seeking financial support for Charlton Athletic
Rubicon Global counts DiCaprio and Benioff as investors

https://archive.is/Rnvvl

Hedge Fund Manager Wagner Nears Deal for UK Football Club Stake
Tom Wagner is co-founder of Knighthead Capital Management
He would join other US buyers targeting British football clubs

https://archive.is/4TbSx

Notice the background of all these 'investors' they all have cash to play with if they choose

The latest picture from CIES Sports Intel on American Investment in English and European football - and that is before the two prospective deals in this post

https://twitter.com/CIESsportsintel/sta ... 6103734272
Image

https://twitter.com/CIESsportsintel/sta ... 6716478464
Image

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Apr 28, 2023 8:26 pm

So how have the games authorities, particularly UEFA reacted to all this American investment - UEFA President Aleksander Ceferin this week saw it as a positive benefit and even talked about the possibility of an enforced salary cap in an interview on the hugely popular US show 'Men in Blazers' this week - you can see that here

https://www.youtube.com/watch?v=rfO2dRFH1wA

which surprisingly did not receive as much press as I thought is would when it came out on Tuesday - Perhaps the world was too busy focusing on the mighty clarets at Ewood

Still BBC did were one that produced piece about it
Uefa president Aleksander Ceferin keen to bring in salary cap and 'everyone agrees'
https://www.bbc.co.uk/sport/football/65390188

though even the BBC realised that not quite everyone was in agreement
Uefa salary cap: Players will 'rightly be angry' with plans, says PFA chief Maheta Molango
https://www.bbc.co.uk/sport/football/65399042

but then again it is not unusual for the games authorities to not consider the players and then have to take a step or two backwards

Football Association backs down over planned changes to non-league contracts
https://archive.is/mFpHE

Of course Ceferin has a new 'BFF' now having been jilted at the altar of Eurocentric thought by Andrea Agnelli, As we saw last April PSG President, beIN Sport President, ECA President, UEFA ExCo member Nasser al Khelaifi was keen to exploit American style approaches to presenting and running sport

‘The Super Bowl should not feel bigger than the Champions League’ – PSG’s Nasser Al-Khelaifi on how he wants to grow the game
https://archive.is/eerqz

for now it appears that Ceferin is pushing forward with the idea if the news this evening is anything to go by

UEFA sets up new cost controls group amid Aleksander Ceferin salary cap comments
Ceferin said a limit on the amount a club can spend on player wages was “the solution” to ensuring competitive balance.

https://archive.is/LHhYi

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Apr 28, 2023 8:34 pm

Chester Perry wrote:
Tue Apr 18, 2023 4:42 pm
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
Last week Philippe Auclair was hopeful that the tide was turning against white label betting sponsorships as the Dutch announced an incoming ban

https://twitter.com/PhilippeAuclair/sta ... 3729281026

However Martyn Zeigler this evening has a suggested a dismal (though perhaps unsurprising) outcome is likely in the UK

No crackdown on clubs’ deals with shadowy betting platforms
https://archive.is/Bs182

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Apr 28, 2023 8:47 pm

Chester Perry wrote:
Fri Apr 28, 2023 8:26 pm
So how have the games authorities, particularly UEFA reacted to all this American investment - UEFA President Aleksander Ceferin this week saw it as a positive benefit and even talked about the possibility of an enforced salary cap in an interview on the hugely popular US show 'Men in Blazers' this week - you can see that here

https://www.youtube.com/watch?v=rfO2dRFH1wA

which surprisingly did not receive as much press as I thought is would when it came out on Tuesday - Perhaps the world was too busy focusing on the mighty clarets at Ewood

Still BBC did were one that produced piece about it
Uefa president Aleksander Ceferin keen to bring in salary cap and 'everyone agrees'
https://www.bbc.co.uk/sport/football/65390188

though even the BBC realised that not quite everyone was in agreement
Uefa salary cap: Players will 'rightly be angry' with plans, says PFA chief Maheta Molango
https://www.bbc.co.uk/sport/football/65399042

but then again it is not unusual for the games authorities to not consider the players and then have to take a step or two backwards

Football Association backs down over planned changes to non-league contracts
https://archive.is/mFpHE

Of course Ceferin has a new 'BFF' now having been jilted at the altar of Eurocentric thought by Andrea Agnelli, As we saw last April PSG President, beIN Sport President, ECA President, UEFA ExCo member Nasser al Khelaifi was keen to exploit American style approaches to presenting and running sport

‘The Super Bowl should not feel bigger than the Champions League’ – PSG’s Nasser Al-Khelaifi on how he wants to grow the game
https://archive.is/eerqz

for now it appears that Ceferin is pushing forward with the idea if the news this evening is anything to go by

UEFA sets up new cost controls group amid Aleksander Ceferin salary cap comments
Ceferin said a limit on the amount a club can spend on player wages was “the solution” to ensuring competitive balance.

https://archive.is/LHhYi
As always you have to consider who you are getting into bed with - European Football is getting very cosy with American financiers, it is desperate for their money (at least it thinks it is) even the Bundesliga is considering partnerships with Private Equity businesses

CVC, Blackstone Among Bidders for German Football Media Rights
Bundesliga struggling to compete with English Premier League
League abandoned earlier process to attract private equity

https://archive.is/hcQEw

But just what is it that Private Equity, Hedge Funds and Venture Capital does - This essay in todays New York Times gives some insight - there is a reason I have regularly filed posts on these matters under 'The Vultures are at the door'

Private Equity Is Gutting America — and Getting Away With It
https://archive.is/VKTvk

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Re: Football's Magic Money Tree

Post by Buxtonclaret » Fri Apr 28, 2023 8:53 pm

The Private Equity link.
https://archive.is/VKTvk

A sickening read.

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Apr 28, 2023 9:03 pm

Buxtonclaret wrote:
Fri Apr 28, 2023 8:53 pm
The Private Equity link.
https://archive.is/VKTvk

A sickening read.
One of the prominent groups in that tale, is The Carlyle Group who will join others today (closing in just under an hour from now) in bidding for a stake in Manchester United

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Fri Apr 28, 2023 10:50 pm

https://twitter.com/KieranMaguire/statu ... buj7w&s=19

Two more clubs have apparently failed to pay their staff

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Sat Apr 29, 2023 2:29 pm

Chelsea's new signings 'regret signing long term deals' with the club https://mol.im/a/12027965 via https://dailym.ai/android

This was predictable :lol:

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Apr 30, 2023 7:10 pm

Chester Perry wrote:
Fri Apr 28, 2023 6:48 pm
American Investors with actual cash money to buy their shares keep flooding into the English game - will our time come?

David Hellier (he who got the most details about out takeover right in January 2021) for Bloomberg on 3 more Americans joining the American ownership group at Swansea City

Venture Capitalist Joins New Investors in Welsh Football Club
- Nigel Morris is a co-founder and managing partner of QED
- Swansea joint owned by co-founder of Oaktree Capital

https://archive.is/nOSWk
Interesting to note that the new (additional) investors in Swansea City are putting into the club is the same as what can be traced to ALK's investment in Burnley FC

Trio of American investors to pump £10m into Swansea City, say US reports
Swansea City have been looking for external investment for some time and it appears they may have now found it

https://archive.is/RX6S7

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Apr 30, 2023 7:12 pm

GodIsADeeJay81 wrote:
Fri Apr 28, 2023 10:50 pm
https://twitter.com/KieranMaguire/statu ... buj7w&s=19

Two more clubs have apparently failed to pay their staff
Matt Slater names the 3 clubs who have not paid their staff

Late payments update. Staff & players unpaid at Yeovil. Staff unpaid (again) at Southend. Staff only partially paid at Reading. Worrying times for all concerned. But all wages have been paid at Scunthorpe. Apologies for bum info.
https://twitter.com/mjshrimper/status/1 ... zT5O0tAAAA

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed May 03, 2023 9:54 pm

this may or indeed not prove interesting and insightful

https://twitter.com/ParamountPlusUK/sta ... 6183434240

The story of how the Premier League was transformed by a new breed of ruthless billionaire owners.

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed May 03, 2023 10:23 pm

So this is a really interesting list - and one that doesn't surprise me too much, particularly the number of MLS teams that feature, twice as many as that in the Premier League - from Sportico

World's 50 Most Valuable Soccer Clubs 2023 Ranking
The 50 most valuable soccer clubs in the world are worth a total of $73 billion, according to data compiled by Sportico. The Premier League's Manchester United ranks first at $5.95 billion, while Major League Soccer's New York Red Bulls are No. 50 at $525 million. The top 15 richest teams are all in Europe, but MLS landed 18 clubs overall in the top 50, followed by the EPL with nine.

https://archive.is/doYGO

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed May 03, 2023 10:29 pm

Chester Perry wrote:
Thu Jan 19, 2023 2:10 pm
Ron 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
I have not posted about the West Brom situation for a while, but there has been plenty going on witht he media still being persuaded to keep it's eye on the situation

This is an interesting step

Xu Ke asked to answer 38 West Brom questions after returning from Guochuan Lai visit
West Bromwich Albion's minority shareholder group, Shareholders 4 Albion, have requested answers to a list of questions

https://www.birminghammail.co.uk/sport/ ... 8-26833082

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed May 03, 2023 10:51 pm

Just getting round to catching up on the days news after all my efforts on the takeover thread - I cannot say that I am too surprised by this in the Guardian though

Oligarch funded Everton football club while barred from UK
Exclusive: Alisher Usmanov’s backing for club while refused entry to UK raises questions about Premier League governance

https://www.theguardian.com/business/20 ... SApp_Other
https://archive.is/0GrGf

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Thu May 04, 2023 6:56 pm

Everton: Premier League strugglers in talks over new investment - https://www.bbc.co.uk/sport/football/65473716

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Fri May 05, 2023 1:18 pm

Chester Perry wrote:
Wed Feb 15, 2023 7:44 pm
the list of those who try to get into English football and are then investigated by the FBI contimues to grow - Craig Kirchner was quickly dismissed by the Hemmings family at Preston, Mel Morris and Quantuma (the Administrators at Derby County) went much, much further down the line - too far in reality - with him too

FBI Raids Home Of Former CEO Of Goldman Sachs-Backed Tech Company Slync
https://archive.is/FjW2h
Kirchner has been indicted

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

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Re: Football's Magic Money Tree

Post by RVclaret » Fri May 05, 2023 7:50 pm

New Sky-EFL deal confirmed for 2024/25 onwards:

https://www.efl.com/news/2023/may/efl-a ... ky-sports/

- up 57% on current deal
- no 3pm games to be shown
- only the Big 5 & MLS’s global Apple deal (just) beat it
- 5 Champ games per weekend to be shown

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Fri May 05, 2023 8:18 pm

RVclaret wrote:
Fri May 05, 2023 7:50 pm
New Sky-EFL deal confirmed for 2024/25 onwards:

https://www.efl.com/news/2023/may/efl-a ... ky-sports/

- up 57% on current deal
- no 3pm games to be shown
- only the Big 5 & MLS’s global Apple deal (just) beat it
- 5 Champ games per weekend to be shown
The streaming part of that deal could be interesting

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Mon May 08, 2023 11:24 am

RVclaret wrote:
Fri May 05, 2023 7:50 pm
New Sky-EFL deal confirmed for 2024/25 onwards:

https://www.efl.com/news/2023/may/efl-a ... ky-sports/

- up 57% on current deal
- no 3pm games to be shown
- only the Big 5 & MLS’s global Apple deal (just) beat it
- 5 Champ games per weekend to be shown
the thing to remember about this deal - is that Sky will be broadcasting 5-7 times the number of games for less than 60% uplift in cost - this has hugely devalued the price f a broadcast game. This is something that has happened to the Premier League with the domestic broadcast deals in the last 4 deals.

Possibly more significant to some EFL club is that the domestic revenue from ifollow is going to be severely trashed. Sky have effectively sought to kill ifollow domestically with this deal

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon May 08, 2023 11:27 am

This is an interesting read - a guest blog in the Guardian from author, former Factory Records artist and Manchester City fan Nicholas Blincoe

Manchester City’s history shows there never was a golden age of ownership
Qatar, Abu Dhabi and Saudi Arabia have different visions of future in football with aims and models not interchangeable

https://www.theguardian.com/football/bl ... -abu-dhabi
https://archive.is/Jg6Bm

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed May 10, 2023 12:22 pm

Chester Perry wrote:
Sat Apr 22, 2023 12:33 am
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
This news underlines why people are so concerned about the UEFA prize money distortion - from the Times

Champions League revamp set to push Uefa’s TV rights income to £4.2bn
Uefa forecasts 33 per cent rise in TV money under 36-team format from 2024-25 and attempts to calm fears this will further widen gap with clubs not in competition

https://archive.is/cGRMW

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed May 10, 2023 1:32 pm

Chester Perry wrote:
Thu Apr 20, 2023 12:40 am
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
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

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed May 10, 2023 3:38 pm

It is a while since I posted anything from the chaps at Vysyble - with our accounts now out they have started doing an overview of the financial results from the Premier League in 2021/22

We continue to look strong in their preferred unit of measure - Economic Profit

Image


https://twitter.com/vysyble/status/1655958673267609603

they posted this last week after the financial reports came out

#BurnleyFC 2021-22 accts released.
Revenue= £123.41m (£115.10m 2020-21)
Staff Costs= £91.98m (74.53% of revenue)
Pre-Tax Profit= £36.08m
Economic Profit= £30.50m (highest in 2021-22 PL).

#Clarets achieved econ. profit of £120.9m for 8 seasons in #PremierLeague since 2009.
https://twitter.com/vysyble/status/1654 ... ff8PUtAAAA


Image

below you see how remarkable that achievement has been


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Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Wed May 10, 2023 3:39 pm

It is a while since I posted anything from the chaps at Vysyble - with our accounts now out they have started doing an overview of the financial results from the Premier League in 2021/22

We continue to look strong in their preferred unit of measure - Economic Profit

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https://twitter.com/vysyble/status/1655958673267609603

they posted this last week after the financial reports came out

#BurnleyFC 2021-22 accts released.
Revenue= £123.41m (£115.10m 2020-21)
Staff Costs= £91.98m (74.53% of revenue)
Pre-Tax Profit= £36.08m
Economic Profit= £30.50m (highest in 2021-22 PL).

#Clarets achieved econ. profit of £120.9m for 8 seasons in #PremierLeague since 2009.
https://twitter.com/vysyble/status/1654 ... ff8PUtAAAA


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below you see how remarkable that achievement has been


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Re: Football's Magic Money Tree

Post by Chester Perry » Thu May 11, 2023 4:00 pm

Chester Perry wrote:
Thu Feb 16, 2023 12:42 pm
hmm
https://twitter.com/shrimpstrust/status ... iesZAtAAAA
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I think @UglyGame makes all the right points here

https://twitter.com/uglygame/status/1625933387365076992
It has been a while since I have posted about Morecambe, not much has changed on the takeover front though it is believed that Sarb Johal covered the wages in a couple of the last months - the club have had relegation confirmed but the summer is a full of uncertainty as the New Year was - the thread from @UglyGame gets to the detail of it

https://twitter.com/uglygame/status/1656405242437595136

anyone who has listened to todays Price of Football Podcast will know that it is a thankless time in the offices of the EFL - and the feeling is that there are more club edging to wards the brink

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu May 11, 2023 9:14 pm

the guardian on the increasingly desperate search by English clubs for a foothold in the Belgian market - at least one of these clubs was looking at KV Kortrijk along with us - Unfortunately the Multi-club model is only going to become more prevalent

Satellite town: why Premier League owners are keen on KV Oostende
Owners of Bournemouth, Newcastle and Wolves are circling the Belgian club, with American incumbents willing to sell

https://www.theguardian.com/football/20 ... v-oostende
https://archive.is/1RhP6

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri May 12, 2023 4:42 pm

The mechanics of takeovers has long been a subject of interest on this thread - here this weeks 'Sheridan's Sports (lawyers) Backpage blog looks at a series of process that can feature

#15 The Manchester United Takeover & Structuring M&A Transactions
As the bidding for Manchester United concludes, we look at some alternative Mergers & Acquisitions (M&A) structures that can be deployed in high value transactions.

https://sheridanssport.substack.com/p/1 ... d-takeover
https://archive.is/MrmNc

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat May 13, 2023 1:36 pm

If you ever need to understand why overseas investors like to to talk to local and regional government before they sign on the takeover line here is another example - it follows the £6m 'Town to Turf' scheme (from the Levelling up fund amongst other sources) that is currently being delivered in Burnley

Note the owners of Wrexham have kept all the proceeds of 'Welcome to Wrexham' to themselves and not classed it as club revenue. That said tourism in that part of Wales has gone through the roof. Perhaps the same will happen in our as a result of the Watts family media blitz

Generous Welsh throw millions at Wrexham’s Hollywood owners
Reynolds and McElhenney to receive £17 million in public funding to renovate Racecourse Ground — four times the sum they paid to buy club and stadium

https://www.thetimes.co.uk/article/gene ... 1683931673

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat May 13, 2023 1:40 pm

Chester Perry wrote:
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/
It has been a difficult journey and at times it looked like it may not happen, including at points in the last few days. So this news that the takeover has been completed will delight fans of Yeovil Town FC

https://twitter.com/MartinHellier/statu ... 9984162819

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat May 13, 2023 1:50 pm

The vultures are at the door

I have not used that phrase for a while

What this news does to UEFA's agreements with Relevant - who organised the annual summer friendly tournament held across the US, Austrailia and the Far East, the ICC Cup in the pre-Covid days I don't know

Note these 6 teams were part of the original group of 8 that became 14 before morphing into the ECA - 3 of them are still at odds with UEFA over the Super League

https://twitter.com/SixthStreetNews/sta ... 0546470942

Of course it was sixth street who have bought a share of Matchday income at Real Madrid for the next 25 years or so for Euro 360m last summer

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Re: Football's Magic Money Tree

Post by Chester Perry » Sat May 13, 2023 10:26 pm

An interesting piece in the Guardian from the excellent Jonathon Wilson - I have been making similar arguments about this kind of thing for years now, there are many that refuse to accept it, but it is for the most part real

Leicester’s relegation battle is a harsh maths lesson for all mid-table clubs
The short-term reasons for the former champions’ decline are various but their season of famine shouldn’t be a surprise

https://www.theguardian.com/football/bl ... able-clubs
https://archive.is/SXyW6
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Re: Football's Magic Money Tree

Post by CrosspoolClarets » Sat May 13, 2023 10:48 pm

The thing about Leicester is that they have had a buy young policy for years now and have come close to breaking even on transfers due to a few of these leading to huge sales - Maguire, Mahrez, Chilwell, Kante and Fofana spring to mind.

But that recirculation into new young players hasn’t worked, these players aren’t good enough, e.g. Daka.

It’s a big warning to us given our new young policy - sides are getting relegated due to too little PL experience, Southampton in particular but Leicester have few players older than 25/26 themselves. Successful sides have a mix. At that level, that need only increases.
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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Sat May 13, 2023 10:54 pm

CrosspoolClarets wrote:
Sat May 13, 2023 10:48 pm
The thing about Leicester is that they have had a buy young policy for years now and have come close to breaking even on transfers due to a few of these leading to huge sales - Maguire, Mahrez, Chilwell, Kante and Fofana spring to mind.

But that recirculation into new young players hasn’t worked, these players aren’t good enough, e.g. Daka.

It’s a big warning to us given our new young policy - sides are getting relegated due to too little PL experience, Southampton in particular but Leicester have few players older than 25/26 themselves. Successful sides have a mix. At that level, that need only increases.
Just read a article about Saints talking about their lack of experience/over reliance on youth as a significant cause of their downfall

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Re: Football's Magic Money Tree

Post by aGoodKompany » Sun May 14, 2023 3:12 pm

Chester Perry wrote:
Mon Jan 30, 2023 2:23 pm
The Premier League has finally got into bed with Sorare - and it includes an option for then to have an equity stake

Premier League backs Sorare’s NFT fantasy football game despite crypto crash
League agrees multimillion-pound licensing deal with start-up that offers trading in digital player cards

https://archive.is/eUg17
Didn't want to create a separate thread on this so I was wondering if actually anyone plays the game and can safely say this isn't gambling and is worth putting money into at all. I've noticed they claim to give you free cards to play with so technically you can just have fun without any investment? Can anyone actually confirm this is true or just a marketing crap to get you on board. Cheers

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun May 14, 2023 3:55 pm

aGoodKompany wrote:
Sun May 14, 2023 3:12 pm
Didn't want to create a separate thread on this so I was wondering if actually anyone plays the game and can safely say this isn't gambling and is worth putting money into at all. I've noticed they claim to give you free cards to play with so technically you can just have fun without any investment? Can anyone actually confirm this is true or just a marketing crap to get you on board. Cheers
New Claret is your man - loves Sorare

but I would expect once you are signed up that is when the invitations/pressure to spend start rolling in

There is a lot of information out there on the web and social media - for the negative look at Martin Calladine on twitter - he is the journalist that understands the best

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue May 16, 2023 7:29 pm

Given the general perception of German football, few may imagine that it's clubs can get into the kinds of mess we see English ones do far to frequently. Here is an example of one - recently taken over - that sounds rather shambolic, and if the last paragraph is anything to go by, the new investors are not helping in any way. Which may be quite worrying for Everton, because there is growing expectation that 777 partners will be in charge there in the coming weeks - whatever the division the Toffees find themselves in next season

Hertha Berlin are done. The only question is how much worse it gets
https://www.theguardian.com/football/bl ... bundesliga
https://archive.is/kJRFb

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Re: Football's Magic Money Tree

Post by Tricky Trevor » Wed May 17, 2023 12:00 am

DM reporting 5 clubs, including us, are to sue Everton.
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Re: Football's Magic Money Tree

Post by Chester Perry » Wed May 17, 2023 10:14 am

Chester Perry wrote:
Wed May 03, 2023 10:23 pm
So this is a really interesting list - and one that doesn't surprise me too much, particularly the number of MLS teams that feature, twice as many as that in the Premier League - from Sportico

World's 50 Most Valuable Soccer Clubs 2023 Ranking
The 50 most valuable soccer clubs in the world are worth a total of $73 billion, according to data compiled by Sportico. The Premier League's Manchester United ranks first at $5.95 billion, while Major League Soccer's New York Red Bulls are No. 50 at $525 million. The top 15 richest teams are all in Europe, but MLS landed 18 clubs overall in the top 50, followed by the EPL with nine.

https://archive.is/doYGO
In the above I noted that MLS teams outnumbered Premier League ones by 2:1 - not that I found that surprising given I have been noting their valuations for some years now

So I was interested to find this story this morning - A British Citizen is paying $500m for a new MLS franchise in San Diego - that is roughly twice the value of Burnley or Sheffield United clubs with long history and tradition newly returned to the Premier League - this new franchise still has to pay for all its infrastructure to actually come into being - the thing is a lot of that franchise cost goes to the other MLS teams, simply for allowing them on board it could be as much as $15m each which for many is equivalent to 15% or more of their annual revenues - not that the clubs will necessarily see it - as the payments are made to the other franchise owners not the clubs.

It seems there are some with the means who believe that believe it is a better investment to acquire an MSL franchise and the cost of establishing it and its infrastructure in the US than acquiring a team on their doorstep in this country, and overall I would tend to agree, which is a sad indictment of what football has now become

Tory treasurer to become one of US football’s biggest investors with £400m deal
Mohamed Mansour will pay $500m for MLS’s expansion franchise in San Diego

https://www.independent.co.uk/sport/foo ... 39718.html
https://archive.is/MPjO5

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu May 18, 2023 9:42 am

Chester Perry wrote:
Tue May 16, 2023 7:29 pm
Given the general perception of German football, few may imagine that it's clubs can get into the kinds of mess we see English ones do far to frequently. Here is an example of one - recently taken over - that sounds rather shambolic, and if the last paragraph is anything to go by, the new investors are not helping in any way. Which may be quite worrying for Everton, because there is growing expectation that 777 partners will be in charge there in the coming weeks - whatever the division the Toffees find themselves in next season

Hertha Berlin are done. The only question is how much worse it gets
https://www.theguardian.com/football/bl ... bundesliga
https://archive.is/kJRFb
This is the Everton takeover deal I was referring to - it has been known about for some time now

Everton are set to be sold for around £600m to American investment fund 777 Partners as early as NEXT WEEK, with Farhad Moshiri's unpopular reign nearing an end as the club fight to save their new stadium build and Premier League status
- The £600million deal is expected to be concluded by the start of next week
- It's understood American investment fund 777 Partners are the preferred bidder
- A deal would bring to an end Farhad Moshiri's painful reign behind the controls

https://www.dailymail.co.uk/sport/footb ... tners.html
https://archive.is/SqysK

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Re: Football's Magic Money Tree

Post by Chester Perry » 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

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Thu May 18, 2023 5:11 pm

Chester Perry wrote:
Thu May 18, 2023 9:42 am
This is the Everton takeover deal I was referring to - it has been known about for some time now

Everton are set to be sold for around £600m to American investment fund 777 Partners as early as NEXT WEEK, with Farhad Moshiri's unpopular reign nearing an end as the club fight to save their new stadium build and Premier League status
- The £600million deal is expected to be concluded by the start of next week
- It's understood American investment fund 777 Partners are the preferred bidder
- A deal would bring to an end Farhad Moshiri's painful reign behind the controls

https://www.dailymail.co.uk/sport/footb ... tners.html
https://archive.is/SqysK
£600 Million?

Isn't he taking a loss there?

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu May 18, 2023 7:03 pm

Chester Perry wrote:
Tue Feb 07, 2023 4:33 pm
As you would expect there has been an awful lot said about the Manchester City charges in the last 30 hours or so, I have found these particularly more interesting than most
This from yesterday is essential reading in understanding the charges (all 115 of them)


Miguel Delaney in the Independent

‘Going to war with the champions’: Why the Premier League is taking on Man City, and what comes next
The Premier League now faces the ultimate test of itself in a pivotal moment for the game

https://archive.is/MaHpG

This Sport unlocked podcast with Rob Harris, Tariq Panja and Martyn Zeigler is worth a listen for some of the old history that is feeding into all this and perhaps most notably a passing reference why the Premier League made the announcement in the way it did - it all points to the Premier League wanting to scrupulously follow its own rules so the legions of lawyers that City will inevitably employ have few technical issues with which to stop or overthrow proceedings.

Manchester City charged: The Premier League's financial wrongdoing case against the Premier League champions explained & analysed. What the commission will assess & potential actions against the club
https://podcasts.apple.com/us/podcast/m ... 0598356372

Panja's own piece for the New York Times misses that point but provides plenty of historical context

Manchester City Charged With Years of Financial Violations
The Premier League accused City of breaking rules related to revenues, sponsorships and contracts. One potential penalty is expulsion from the league.

https://archive.is/PNov7

Simon Chadwick has, over the years, repeatedly pointed out that there huge cultural differences in the way these issues are resolve in the East and West - quite often when it came to UEFA and their clashes with PSF and City - in the end they always seemed to be resolved in the Eastern way for the most part - here is Chadwick again following the revelation of the charges against Manchester City and he remains consistent in his view

https://twitter.com/Prof_Chadwick/statu ... 8743365632

none of that thread from Chadwick will be of surprise long time readers of Footballs Magic Money Tree and it is interesting that there is already plenty of articles across the media about titles not being taken away. So, what we are likely to see is an outcome where the disgust of fans (and their desired retribution) will be the last of the considerations.

There are other issues and questions that feed into this whole process and will need answering at some point (as this piece by Barney Ronay in the Guardian clearly illustrates), but not by this cases proceedings

If Manchester City are guilty they have betrayed football as a spectacle
https://www.theguardian.com/football/20 ... -spectacle
https://archive.is/iAHle

the vested interests, many not directly involved in English football will spend a lot of time trying to make their grievances heard as this case progresses at a pace that many will complain is too slow - but the Premier League have only one chance to get this right if they are not to be defeated on technicalities. Whatever the outcome what is really needed is a clear judgement on the merits of the cases and evidence presented, Such an outcome has greater opportunity purely because the procedural issues that collapsed the UEFA case at CAS are not relevant under the operations, rules and by-laws of the Premier League.
The only surprise is that it has taken so long for this to happen

Man City 'launch their legal challenge against the Premier League's 115 charges of financial rule breaks - and object to them using the barrister who is leading the panel because he's an ARSENAL FAN'
- Man City are thought to dispute the fact that Murray Rosen is an Arsenal fan
- The club previously employed a legal team to contest charges brought by UEFA
- Jamie Carragher warns City's Treble is worthless if found guilty of rule breaches

https://www.dailymail.co.uk/sport/footb ... aches.html
https://archive.is/rvtRP

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