Football's Magic Money Tree
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Re: Football's Magic Money Tree
At least someone in the sports/football market-place is trying to make a stand (though they may actual do rather well out of it
Hummel remove their logo from all Danish kit to be used at the Qatar world cup because they do not want to be associated with it, but do want to support the Danish national team
https://twitter.com/Prof_Chadwick/statu ... WJgNwrAAAA
Hummel remove their logo from all Danish kit to be used at the Qatar world cup because they do not want to be associated with it, but do want to support the Danish national team
https://twitter.com/Prof_Chadwick/statu ... WJgNwrAAAA
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Re: Football's Magic Money Tree
Chester Perry wrote: ↑Wed Sep 28, 2022 12:52 pmI have long argued that the multi-club football ownership model is the greatest threat to the future of the game - now it seems that more of our country's biggest clubs are going to go down this route (probably because they feel they have no other strategic choice).
The predominance of this model will either cement the status, strength and financial power of the Premier League as the de-facto Super League or lead to the creation of a Super League given the trend for the model to focus on one prime team. There will be some smaller, less financially strong groups that will focus on just farming, but that is a model that appears fraught with risk of poaching of coaches and sporting directors.
Of course, FIFA/UEFA could have put a stop to this, but that involves upsetting very rich people and that is not something these organisations tend to want to do
from the Guardian
Chelsea, Arsenal and Liverpool all hope to become multi-club networks
US-owned trio want to mirror Manchester City’s CFG stable
Todd Boehly already looking at clubs in Europe and beyond
https://www.theguardian.com/football/20 ... b-networks
10% owners of FSG (who own Liverpool), Red Bird Capital already own AC Milan and a controlling interest in Toulouse
Southampton's new owners stated this approach was their intention at the time of their takeover in January, Newcastle United's, Aston Villa's and Leeds United's ownership have suggested it is part of their plans. Manchester United, Spurs and Everton will inevitably have to follow.
Manchester City
Leicester
Wolves
Brentford
Nottingham Forest
The owners of Crystal Palace (10), Brighton (2), Wolves (2) have multiple club interests but have not yet integrated them into a multi-club model.
I forgot about the past at Spurs - as with most things in modern football their owners practically invented the multi-club model in the late nineties, early noughties before walking away from itChester Perry wrote: ↑Wed Sep 28, 2022 1:10 pmI should have added that Daniel Křetínský who has a significant shareholding of 27% in West Ham United and an agreed valuation to buy the whole club post March of next year is also the co-owner of Sparta Prague
https://twitter.com/Prof_Chadwick/statu ... 8078708739
as usually it was/is not Spurs who will benefit most from the innovation they created (the facilities/flexibility at the new Stadium is the latest, though that might actually work out for them in the long run even when they finally begin paying down the capital on the construction loan)
Spurs were rumoured to be looking at Stand Liege last season
https://cartilagefreecaptain.sbnation.c ... per-league
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Re: Football's Magic Money Tree
There will come a point when owning multi clubs come into conflict, especially when they operate under a singular FA or continent. European competition needs to be fair, and as such having more than one team in any competition has to be banned.
That would mean an owner picking his favoured club, which isn't going to sit well with the loser.
It all becomes moot, if EUFA just put a block on it before it's out of control.
That would mean an owner picking his favoured club, which isn't going to sit well with the loser.
It all becomes moot, if EUFA just put a block on it before it's out of control.
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Re: Football's Magic Money Tree
Piece in Times about the impact of income tax changes on Premier League footballers.
Premier League players to earn extra £240k a year after tax cuts
Martyn Ziegler, Chief Sports Reporter, Tuesday September 27 2022, 8.00pm, The Times
The average Premier League player’s net income will rise by about £240,000 a year after the government’s tax and National Insurance cuts, with clubs and agents believing that the changes will make England’s top flight even more attractive to overseas players.
The average Premier League player earns about £4 million a year — or £75,000 a week — and the cut of the highest rate of tax from 45 to 40 per cent as well as national insurance changes will make a significant difference.
The Premier League has already emerged as the league where the top average salary is paid, but it has no special tax arrangements for overseas players — unlike in Italy, France, the Netherlands and Belgium. Spain has ended its tax exemptions for players and its highest tax rate is 47 per cent, though it varies depending on the region, while Germany’s is 45 per cent.
One club chief executive told The Times: “Tax can be an issue when negotiating transfers, as players want to know their net income, so I’m sure the tax cut will make the Premier League more attractive.”
Saif Rubie, a leading football intermediary who works on international transfers, said the tax cut would encourage players to go to England — though for some it would have to be weighed against what happens with the exchange rate against the dollar and euro in the future.
He said: “The Premier League is now the leading league in the world as far as its wealth across the board [goes] and this extra incentive with taxation I’m sure will make it more attractive.
“However in countries such as France and Italy they make even bigger allowances for foreign players coming into the league so the top clubs there can still make very attractive offers to players.”
Kieran Maguire, a football finance author, calculated that the tax cut will give Cristiano Ronaldo an extra net income of £1.3 million annually on his £400,000-a-week salary at Manchester United. He, however, believes that the Premier League is already seen as the top destination for most players.
“The Premier League pays the highest in gross salaries already so whether the tax cut will have a significant extra impact I’m not sure,” he said.
Premier League players paid out £1.4 billion in direct tax in 2019-20, a study by accountants EY revealed. The cut will mean that drops by £70 million.
Premier League players to earn extra £240k a year after tax cuts
Martyn Ziegler, Chief Sports Reporter, Tuesday September 27 2022, 8.00pm, The Times
The average Premier League player’s net income will rise by about £240,000 a year after the government’s tax and National Insurance cuts, with clubs and agents believing that the changes will make England’s top flight even more attractive to overseas players.
The average Premier League player earns about £4 million a year — or £75,000 a week — and the cut of the highest rate of tax from 45 to 40 per cent as well as national insurance changes will make a significant difference.
The Premier League has already emerged as the league where the top average salary is paid, but it has no special tax arrangements for overseas players — unlike in Italy, France, the Netherlands and Belgium. Spain has ended its tax exemptions for players and its highest tax rate is 47 per cent, though it varies depending on the region, while Germany’s is 45 per cent.
One club chief executive told The Times: “Tax can be an issue when negotiating transfers, as players want to know their net income, so I’m sure the tax cut will make the Premier League more attractive.”
Saif Rubie, a leading football intermediary who works on international transfers, said the tax cut would encourage players to go to England — though for some it would have to be weighed against what happens with the exchange rate against the dollar and euro in the future.
He said: “The Premier League is now the leading league in the world as far as its wealth across the board [goes] and this extra incentive with taxation I’m sure will make it more attractive.
“However in countries such as France and Italy they make even bigger allowances for foreign players coming into the league so the top clubs there can still make very attractive offers to players.”
Kieran Maguire, a football finance author, calculated that the tax cut will give Cristiano Ronaldo an extra net income of £1.3 million annually on his £400,000-a-week salary at Manchester United. He, however, believes that the Premier League is already seen as the top destination for most players.
“The Premier League pays the highest in gross salaries already so whether the tax cut will have a significant extra impact I’m not sure,” he said.
Premier League players paid out £1.4 billion in direct tax in 2019-20, a study by accountants EY revealed. The cut will mean that drops by £70 million.
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Re: Football's Magic Money Tree
Accompanying the Times article, above, is a sub-piece on favourable tax arrangements for overseas footballers in some European countries.
How Europe taxes players
Italy Overseas players can have the first 50 per cent of their pay tax-free for five years if their contract is for at least two years. The maximum tax rate in the country is 43 per cent.
France The leading foreign stars can pay as little as 27 per cent tax.
Spain Highest band is 43-47 per cent, as some regions have higher rates.
Germany Players pay 45 per cent on earnings over €274,000 (£246,000).
**********
Not included in Times article, Netherlands has favourable tax arrangements for all foreign professionals moving to work in Netherlands. I think it's along similar lines to Italy's arrangement with 50% of earnings tax free for 5 years.
How Europe taxes players
Italy Overseas players can have the first 50 per cent of their pay tax-free for five years if their contract is for at least two years. The maximum tax rate in the country is 43 per cent.
France The leading foreign stars can pay as little as 27 per cent tax.
Spain Highest band is 43-47 per cent, as some regions have higher rates.
Germany Players pay 45 per cent on earnings over €274,000 (£246,000).
**********
Not included in Times article, Netherlands has favourable tax arrangements for all foreign professionals moving to work in Netherlands. I think it's along similar lines to Italy's arrangement with 50% of earnings tax free for 5 years.
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Re: Football's Magic Money Tree
It has been a while since I introduced a new way of benefitting from Football's Magic Money Tree - thanks to the Guardian may I present (with more of a lament than a drum roll) the Multi-Club Development Advisor - or some such, it is actually a thoroughly depressing sign of the times
Chelsea’s multi-club network chief made plans with Crystal Palace investor
Tom Glick worked on similar scheme with John Textor
Chelsea made late bid to buy Lyon after Textor agreed deal
https://www.theguardian.com/football/20 ... ohn-textor
Chelsea’s multi-club network chief made plans with Crystal Palace investor
Tom Glick worked on similar scheme with John Textor
Chelsea made late bid to buy Lyon after Textor agreed deal
https://www.theguardian.com/football/20 ... ohn-textor
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Re: Football's Magic Money Tree
As the countdown to the world cup continues the exposes keep coming - what isn't a surprise is just how few is the number of people who wield such enormous influence across the game - It has taken time but people are starting to get the knives out for Nasser Al Khelaifi it seems
Nasser Al-Khelaifi is hit with bombshell allegations in France claiming businessman in Qatar held 'compromising information' about PSG president's role in 2022 World Cup bid
- French newspaper Libération published bombshell allegations on Wednesday
- They have claimed Nasser Al-Khelaifi was linked to the imprisonment of a businessman in Qatar in 2020
- The PSG president is alleged to have intervened to prevent the publication of 'compromising information' related to Qatar's 2022 World Cup bid
- A relative of Al-Khelaifi said he was not involved in any wrong doing and was the victim of a failed blackmail plot by the businessman
https://12ft.io/proxy?q=https%3A%2F%2Fw ... rance.html
Nasser Al-Khelaifi is hit with bombshell allegations in France claiming businessman in Qatar held 'compromising information' about PSG president's role in 2022 World Cup bid
- French newspaper Libération published bombshell allegations on Wednesday
- They have claimed Nasser Al-Khelaifi was linked to the imprisonment of a businessman in Qatar in 2020
- The PSG president is alleged to have intervened to prevent the publication of 'compromising information' related to Qatar's 2022 World Cup bid
- A relative of Al-Khelaifi said he was not involved in any wrong doing and was the victim of a failed blackmail plot by the businessman
https://12ft.io/proxy?q=https%3A%2F%2Fw ... rance.html
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Re: Football's Magic Money Tree
Interesting stuff on the GBP:USD price changes and their implications for football in The Athletic
What a strong dollar and weak pound means for UK football and American investors
https://archive.ph/laLeB
What isn't mentioned is that other kind of US Investment in the English game which our club (like West Ham and Southampton) are currently connected too, namely MSD UK Holdings Limited. This entity is due to file its latest (only their 2nd) set of accounts in the next week or so, the accounts utilise USD valuations rather than GBP. In the first ones dated only 4 months after the business creation over $2m was lost in currency exchange, the GBP has become devalued by over 20% against the USD since then. This is significant because the loans, interest payments and capital repayments appear to be made in GBP, the TISE listings certainly are.
I recently noted in an article for the London Clarets Magazine - Something to write home about, that MSD have not entered into a new finance deal in English Football since February 2021 and West Ham's £120m flexible (overdraft type) loan at a then variable rate of around 8.9%. Has this exchange rate change and the potential reductions in anticipated revenue impacted MSD's willingness to grow their business in Football (there could be plenty of other reasons)? Of course, they may have learned from their initial losses and hedge the future revenues.
What a strong dollar and weak pound means for UK football and American investors
https://archive.ph/laLeB
What isn't mentioned is that other kind of US Investment in the English game which our club (like West Ham and Southampton) are currently connected too, namely MSD UK Holdings Limited. This entity is due to file its latest (only their 2nd) set of accounts in the next week or so, the accounts utilise USD valuations rather than GBP. In the first ones dated only 4 months after the business creation over $2m was lost in currency exchange, the GBP has become devalued by over 20% against the USD since then. This is significant because the loans, interest payments and capital repayments appear to be made in GBP, the TISE listings certainly are.
I recently noted in an article for the London Clarets Magazine - Something to write home about, that MSD have not entered into a new finance deal in English Football since February 2021 and West Ham's £120m flexible (overdraft type) loan at a then variable rate of around 8.9%. Has this exchange rate change and the potential reductions in anticipated revenue impacted MSD's willingness to grow their business in Football (there could be plenty of other reasons)? Of course, they may have learned from their initial losses and hedge the future revenues.
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Re: Football's Magic Money Tree
Hi CP, we may have been a little slow. Companies House shows MSD UK Holdings Limited accounts for the period ended 31-Dec-2021 on file from 2nd September. (I don't know whether reporting of filing has been delayed by the late Queen's death and period of mourning).Chester Perry wrote: ↑Fri Sep 30, 2022 3:21 pmInteresting stuff on the GBP:USD price changes and their implications for football in The Athletic
What a strong dollar and weak pound means for UK football and American investors
https://archive.ph/laLeB
What isn't mentioned is that other kind of US Investment in the English game which our club (like West Ham and Southampton) are currently connected too, namely MSD UK Holdings Limited. This entity is due to file its latest (only their 2nd) set of accounts in the next week or so, the accounts utilise USD valuations rather than GBP. In the first ones dated only 4 months after the business creation over $2m was lost in currency exchange, the GBP has become devalued by over 20% against the USD since then. This is significant because the loans, interest payments and capital repayments appear to be made in GBP, the TISE listings certainly are.
I recently noted in an article for the London Clarets Magazine - Something to write home about, that MSD have not entered into a new finance deal in English Football since February 2021 and West Ham's £120m flexible (overdraft type) loan at a then variable rate of around 8.9%. Has this exchange rate change and the potential reductions in anticipated revenue impacted MSD's willingness to grow their business in Football (there could be plenty of other reasons)? Of course, they may have learned from their initial losses and hedge the future revenues.
Lots of interesting stuff to read. There's mention of "one of the underlying borrowers associated with a 65,000,000 GBP loan..."
Yes, MSD loans to English football clubs are (mostly) GBP. It may be that the (MSD) Offshore Fund is where fx risk is managed/hedged... or it may be that part of MSD's strategy is to have GBP exposure...
From what is said in MSD accounts, it may be the issues relating to Russian invasion of Ukraine that has impacted on any new MSD activities this year...
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Re: Football's Magic Money Tree
transferred discussion to the takeover threadPaul Waine wrote: ↑Fri Sep 30, 2022 4:04 pmHi CP, we may have been a little slow. Companies House shows MSD UK Holdings Limited accounts for the period ended 31-Dec-2021 on file from 2nd September. (I don't know whether reporting of filing has been delayed by the late Queen's death and period of mourning).
Lots of interesting stuff to read. There's mention of "one of the underlying borrowers associated with a 65,000,000 GBP loan..."
Yes, MSD loans to English football clubs are (mostly) GBP. It may be that the (MSD) Offshore Fund is where fx risk is managed/hedged... or it may be that part of MSD's strategy is to have GBP exposure...
From what is said in MSD accounts, it may be the issues relating to Russian invasion of Ukraine that has impacted on any new MSD activities this year...
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Re: Football's Magic Money Tree
Florentino Perez gets it only half right - Football is sick, his prescription ignores the fact that it is clubs like his own that have created that malady and there can be no way that a Super League is the answer to football's problems - it is very much a possible answer to the very specific problems of those three clubs that are still pursuing Super League. That may be because they are also the ones who would most profitably gain from it given the preferential treatment and funding that was written into the original agreement.
from the BBC
Real Madrid president Florentino Perez reaffirms commitment to European Super League
https://www.bbc.co.uk/sport/football/63110317
from the BBC
Real Madrid president Florentino Perez reaffirms commitment to European Super League
https://www.bbc.co.uk/sport/football/63110317
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Re: Football's Magic Money Tree
More from Florentino Perez this time in the Telegraph
Florentino Perez says only European Super League can save football
Real Madrid president Florentino Pérez says football is 'sick' and has lost ground to the NFL
https://12ft.io/proxy?q=https%3A%2F%2Fw ... ootball%2F
Florentino Perez says only European Super League can save football
Real Madrid president Florentino Pérez says football is 'sick' and has lost ground to the NFL
https://12ft.io/proxy?q=https%3A%2F%2Fw ... ootball%2F
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Re: Football's Magic Money Tree
Fixed that for you CPChester Perry wrote: ↑Sun Oct 02, 2022 7:21 pmMore from Florentino Perez this time in the Telegraph
Florentino Perez says only European Super League can save Real Madrid
Real Madrid president Florentino Pérez says football is 'sick' and has lost ground to the NFL
https://12ft.io/proxy?q=https%3A%2F%2Fw ... ootball%2F
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Re: Football's Magic Money Tree
this is an interesting read from Matt Slater in the Athletic
Liz Truss, Gary Neville and the battle for the ‘future of English football’
https://archive.ph/NJiGS
Liz Truss, Gary Neville and the battle for the ‘future of English football’
https://archive.ph/NJiGS
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Re: Football's Magic Money Tree
a full breakdown from @Swissramble on Manchester United's 2021/22 financial resultsChester Perry wrote: ↑Thu Sep 22, 2022 12:43 pmBack to where this thread started 5 years ago - Manchester United release Q4 and full year financial results - they pay an awful lot in wages for winning nothing and failing to qualify for the Champions League
https://www.businesswire.com/news/home/ ... 22-Results
https://threadreaderapp.com/thread/1574 ... 10240.html
The chaps at Vysyble offer there own acerbic take on the same United financials - cheerily titled 'Theatre of Breaking Dreams'.
http://vysyble.com/blog-021
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Re: Football's Magic Money Tree
@SportingIntel with news of yet another member of the FIFA council that oversaw the vote for Qatar to host the World Cup has been found guilty of corruption - during the case clear reference was made to the monies paid by Qatar
https://twitter.com/sportingintel/statu ... 5340408832
the list of FIFA Council members from that time found guilty of similar charges is depressingly comprehensive
https://twitter.com/sportingintel/statu ... 5340408832
the list of FIFA Council members from that time found guilty of similar charges is depressingly comprehensive
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Re: Football's Magic Money Tree
Equally, if not more depressing, is that it was never tackled head on, right at the top, in the first place.Chester Perry wrote: ↑Mon Oct 03, 2022 12:10 am@SportingIntel with news of yet another member of the FIFA council that oversaw the vote for Qatar to host the World Cup has been found guilty of corruption - during the case clear reference was made to the monies paid by Qatar
https://twitter.com/sportingintel/statu ... 5340408832
the list of FIFA Council members from that time found guilty of similar charges is depressingly comprehensive
Instead of just slowly chipping at the bits of the corruption...easiest and more marginalised sections first.
Everyone knew what had gone on as soon as it was announced.
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Re: Football's Magic Money Tree
The astonishingly high values of MLS franchises is a topic that has been covered and commented on a few times oover the last couple of years on this thread. Here huddle up look at some of the key reasons
Why Are MLS Teams More Valuable Than Premier League Clubs?!
https://huddleup.substack.com/p/why-are ... e=substack
Why Are MLS Teams More Valuable Than Premier League Clubs?!
https://huddleup.substack.com/p/why-are ... e=substack
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Re: Football's Magic Money Tree
A useful overview of UEFA's new FFP rules, commonly known as FFP2 but more correctly termed: THE UEFA CLUB LICENSING AND FINANCIAL SUSTAINABILITY REGULATIONS
https://morgansl.com/en/latest/financial-fair-play-20
https://morgansl.com/en/latest/financial-fair-play-20
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Re: Football's Magic Money Tree
Some interesting thoughts from Sportico.com's John Wallstreet about the strong dollar and the American appetite for English football - it is a line of thinking we have heard elsewhere
DEPRECIATING POUND UNLIKELY TO CONTRIBUTE TO AMERICANIZATION OF ENGLISH FOOTBALL
https://12ft.io/proxy?q=https%3A%2F%2Fw ... 4690199%2F
DEPRECIATING POUND UNLIKELY TO CONTRIBUTE TO AMERICANIZATION OF ENGLISH FOOTBALL
https://12ft.io/proxy?q=https%3A%2F%2Fw ... 4690199%2F
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Re: Football's Magic Money Tree
thoughts on this from Sportico.com's JohnWallStreet - he reckons the focus is soccerChester Perry wrote: ↑Tue Sep 27, 2022 2:17 pmDAZN take over Eleven Sports as the sports content market becomes more consolidated - for the second-tier rights offerings this could lead to lower pricing/rights values
https://www.reuters.com/markets/deals/s ... 022-09-26/
DAZN’S ELEVEN ACQUISITION CENTERS ON REACH, REVENUE AND SOCCER RIGHTS
https://12ft.io/proxy?ref=&q=https://ww ... 234690248/
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Re: Football's Magic Money Tree
some supporting information for the above post - all 28 teams are valued at more than Burnley FC when it was sold December 30 2020 - and by a considerable marginChester Perry wrote: ↑Tue Oct 04, 2022 12:25 amThe astonishingly high values of MLS franchises is a topic that has been covered and commented on a few times oover the last couple of years on this thread. Here huddle up look at some of the key reasons
Why Are MLS Teams More Valuable Than Premier League Clubs?!
https://huddleup.substack.com/p/why-are ... e=substack
2022 MLS Franchise Valuations Ranking
https://12ft.io/proxy?ref=&q=https://ww ... 234689586/
Major League Soccer Interactive Franchise Valuations
https://12ft.io/proxy?ref=&q=https://ww ... 234689642/
and the story that accompanied the valuations
LAFC TOPS MLS’ MOST VALUABLE TEAMS AT $900 MILLION
https://12ft.io/proxy?ref=&q=https://ww ... 234689851/
There is also a podcast discussing this list - which is quite interesting, claiming that it is the most savvy of investors getting interested
MLS Valuations Soar, Led by $900 Million LAFC
https://podcasts.apple.com/gb/podcast/m ... 0581017316
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Re: Football's Magic Money Tree
The Supreme Court removes any doubt as to when company director's responsibility to creditors kicks in - this decision is essentially an affirmation of what has long been considered the accepted approach, yet it may have some interesting longer-term implications for football, where many clubs are technically insolvent as a matter of course.
Directors only owe duty to creditors on real risk of insolvency, UK’s Supreme Court rules
https://www.cityam.com/directors-only-o ... um=twitter
Directors only owe duty to creditors on real risk of insolvency, UK’s Supreme Court rules
https://www.cityam.com/directors-only-o ... um=twitter
Re: Football's Magic Money Tree
BBC podcast 'Is American investment good or bad for English football?'
https://www.bbc.co.uk/sounds/play/p0d571yj
Matt Slater and Dan Roan the main guests.
https://www.bbc.co.uk/sounds/play/p0d571yj
Matt Slater and Dan Roan the main guests.
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Re: Football's Magic Money Tree
The BBC have also published this, which features one of those interviewed on the podcast Paraag Marathe of 49ers Enterprises who have a substantial share in LeedsRVclaret wrote: ↑Fri Oct 07, 2022 8:13 amBBC podcast 'Is American investment good or bad for English football?'
https://www.bbc.co.uk/sounds/play/p0d571yj
Matt Slater and Dan Roan the main guests.
Club owners need to 'protect' English game, says Leeds United co-owner Paraag Marathe
https://www.bbc.co.uk/sport/football/63166897
for me the podcast was just too short to get into any detail - it could be an hour on each of the themes raised and still not get very deep - The part that most interested me was the interview with Dr Stefan Szymanski (I have posted about him and his thoughts a number of times) in particular the point he made that fans have the power to stop some of these actions taking place - I have long argued that Burnley fans could kill the takeover as it has developed but not enough are prepared to come together and do what would be necessary -
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Re: Football's Magic Money Tree
And on the subject of American investment in European Football we have this interesting snippet in Miguel Delaney;s 'Reading the Game' Newsletter this week - note there has been some investigative work going on and that there is to be a series of articles on the ESL soon in the Independent
Perez's big statement has one curious passage
The new movements behind a European Super League will be dealt with in more detail by the Independent over the next few weeks but, for the moment, it’s worth picking up on one thing Florentino Perez said in his latest speech relaunching the project. It perhaps speaks to his mindset. The Real Madrid president came out with the following. “Football used to be the top sport; now it has been widely overtaken by American sport.” That will come as a surprise to… virtually every US investor. The truth is that there is something of a gold rush right now, with consortiums and billionaires from across the Atlantic almost falling over themselves to buy European clubs or set up multi-club projects. They have realised that football is not just the most popular sport in the world, but may be the most powerful cultural force the world has ever seen, in the sense of how many borders it crosses. It may be more popular than Elvis or the Beatles in that regard. That is being reflected in the number of US ownerships or attempted buy-outs. It is widely expected that both the Premier League and Serie A will have US owners as considerable majorities in the next few years. They feel it is still a sport rife with potential.
Perez's big statement has one curious passage
The new movements behind a European Super League will be dealt with in more detail by the Independent over the next few weeks but, for the moment, it’s worth picking up on one thing Florentino Perez said in his latest speech relaunching the project. It perhaps speaks to his mindset. The Real Madrid president came out with the following. “Football used to be the top sport; now it has been widely overtaken by American sport.” That will come as a surprise to… virtually every US investor. The truth is that there is something of a gold rush right now, with consortiums and billionaires from across the Atlantic almost falling over themselves to buy European clubs or set up multi-club projects. They have realised that football is not just the most popular sport in the world, but may be the most powerful cultural force the world has ever seen, in the sense of how many borders it crosses. It may be more popular than Elvis or the Beatles in that regard. That is being reflected in the number of US ownerships or attempted buy-outs. It is widely expected that both the Premier League and Serie A will have US owners as considerable majorities in the next few years. They feel it is still a sport rife with potential.
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Re: Football's Magic Money Tree
It seems the Premier League is edging ever closer to a majority influence from the US - with word that Bournemouth have a verbal agreement to sell to Bill Foley - that would make 11 out of the 20 with part or major ownership with Americans, still a way of 14 (the voting majority) but as todays bbs podcast points out, not all Americans think the same - from the Athletic
Bill Foley reaches £120m verbal agreement to buy Bournemouth
https://archive.ph/JHRE7
Bill Foley reaches £120m verbal agreement to buy Bournemouth
https://archive.ph/JHRE7
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Re: Football's Magic Money Tree
Barney Ronay in the Guardian looks at how we ended up with a World Cup, in the middle of the European season in QatarChester Perry wrote: ↑Mon Oct 03, 2022 12:10 am@SportingIntel with news of yet another member of the FIFA council that oversaw the vote for Qatar to host the World Cup has been found guilty of corruption - during the case clear reference was made to the monies paid by Qatar
https://twitter.com/sportingintel/statu ... 5340408832
the list of FIFA Council members from that time found guilty of similar charges is depressingly comprehensive
Football corruption and the remarkable road to Qatar’s World Cup
The most significant day in the history of modern football ended with the award of a tainted event that is now weeks away
https://www.theguardian.com/football/20 ... -world-cup
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Re: Football's Magic Money Tree
If behind closed door games in the first Covid Lockdown taught the owners of clubs anything it was that they could put a price on the atmosphere fans generate in a stadium, that came as a result of the rebates demanded by 'media partners' that specifically cited the point.
Here Rory Smith in the New York Times looks at the recent atmosphere improvements experienced at the Emirates and how the club has been proactive in facilitating it (though not for just that nakedly money making/protection reason) - it takes much more than repeatedly blinding fans with a few song titles on LED screens because you cannot sell the advertising space
How Arsenal Found Its Voice
Long ridiculed for having a library-like atmosphere at its games, Arsenal listened to its fans, embraced a nascent ultra group and let its loudest supporters set the tone.
https://archive.ph/Y532A
Here Rory Smith in the New York Times looks at the recent atmosphere improvements experienced at the Emirates and how the club has been proactive in facilitating it (though not for just that nakedly money making/protection reason) - it takes much more than repeatedly blinding fans with a few song titles on LED screens because you cannot sell the advertising space
How Arsenal Found Its Voice
Long ridiculed for having a library-like atmosphere at its games, Arsenal listened to its fans, embraced a nascent ultra group and let its loudest supporters set the tone.
https://archive.ph/Y532A
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Re: Football's Magic Money Tree
Of course, it is not just FIFA that has come to strange decisions around the Qatar World Cup - the about turn of the ITUC on labour rights in the country is very surprisingChester Perry wrote: ↑Sat Oct 08, 2022 12:12 pmBarney Ronay in the Guardian looks at how we ended up with a World Cup, in the middle of the European season in Qatar
Football corruption and the remarkable road to Qatar’s World Cup
The most significant day in the history of modern football ended with the award of a tainted event that is now weeks away
https://www.theguardian.com/football/20 ... -world-cup
https://twitter.com/PhilippeAuclair/sta ... 0478889985
as for FIFA and its premier business engine the World Cup, this tome to be published shortly may be of interest to some of you though it is highly academic in nature
https://twitter.com/Prof_Chadwick/statu ... 0508544001
meanwhile if you want to know more about Qatar this looks like a good starting point
https://twitter.com/Prof_Chadwick/statu ... 1620643843
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Re: Football's Magic Money Tree
Absolutely no surprises in this report from Sam Wallace in the Telegraph - and fwiw I think the advisory will come out against UEFA (there is far too much recent legal precedent to be ignored)Chester Perry wrote: ↑Sun Oct 02, 2022 7:21 pmMore from Florentino Perez this time in the Telegraph
Florentino Perez says only European Super League can save football
Real Madrid president Florentino Pérez says football is 'sick' and has lost ground to the NFL
https://12ft.io/proxy?q=https%3A%2F%2Fw ... ootball%2F
Real Madrid, Barcelona and Juventus make fresh attempt to force through European Super League
The three rebel clubs are awaiting a key judgement from the European Court of Justice over Uefa's control of European football
https://12ft.io/proxy?q=https%3A%2F%2Fw ... -league%2F
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Re: Football's Magic Money Tree
Today it is Barcelona's turn to report its finances to its members - yes that is really what Perez was doing for Real Madrid when all the above type headlines came out. Here Sam Wallace of the Telegraph, who has long been reported on the Spanish big two's finances has this to say about Barcelona and in many ways they need Super League more than Real Madrid and Juventus (though they are all in a similar boat.Chester Perry wrote: ↑Sun Oct 02, 2022 4:58 pmFlorentino Perez gets it only half right - Football is sick, his prescription ignores the fact that it is clubs like his own that have created that malady and there can be no way that a Super League is the answer to football's problems - it is very much a possible answer to the very specific problems of those three clubs that are still pursuing Super League. That may be because they are also the ones who would most profitably gain from it given the preferential treatment and funding that was written into the original agreement.
from the BBC
Real Madrid president Florentino Perez reaffirms commitment to European Super League
https://www.bbc.co.uk/sport/football/63110317
Barcelona's financial apocalypse shows why rebel clubs cannot live without European Super League
The ESL forces are regrouping and, one by one, Perez, Agnelli and Laporta are coming back out of the shadows for the fight that awaits
https://12ft.io/proxy?q=https%3A%2F%2Fw ... -cannot%2F
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Re: Football's Magic Money Tree
It has been a long time since we have heard anything about Football Leaks - here the Guardian reports that there is to be a documentary on the saga released at the end of the month - there are some refreshers contained in the article for those who have forgot about just how huge the outflow of information was
Lines between hero and villain are blurred in new Football Leaks film
https://www.theguardian.com/football/20 ... leaks-film
Lines between hero and villain are blurred in new Football Leaks film
https://www.theguardian.com/football/20 ... leaks-film
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Re: Football's Magic Money Tree
Aleksander Ceferin announces that he is going to stand for re-election as UEFA President net April
https://twitter.com/martynziegler/statu ... 2408349697
What are the odds that he will be unopposed and thus be elected by acclamation just like Gianni Infantino at FIFA in 2019 and Infantino's puppet Patrick Motsepe for CAF (Confederation of African Football) last year.
I mean it is not like he has made any mistakes during his period in office is it
https://twitter.com/martynziegler/statu ... 2408349697
What are the odds that he will be unopposed and thus be elected by acclamation just like Gianni Infantino at FIFA in 2019 and Infantino's puppet Patrick Motsepe for CAF (Confederation of African Football) last year.
I mean it is not like he has made any mistakes during his period in office is it
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Re: Football's Magic Money Tree
You are going to see many reports like this tomorrow - from the Times, link to an archive copy to avoid the PaywallChester Perry wrote: ↑Sun Oct 09, 2022 1:36 pmToday it is Barcelona's turn to report its finances to its members - yes that is really what Perez was doing for Real Madrid when all the above type headlines came out. Here Sam Wallace of the Telegraph, who has long been reported on the Spanish big two's finances has this to say about Barcelona and in many ways they need Super League more than Real Madrid and Juventus (though they are all in a similar boat.
Barcelona's financial apocalypse shows why rebel clubs cannot live without European Super League
The ESL forces are regrouping and, one by one, Perez, Agnelli and Laporta are coming back out of the shadows for the fight that awaits
https://12ft.io/proxy?q=https%3A%2F%2Fw ... -cannot%2F
Super League will save football from ‘financial doping’, says Barcelona president Joan Laporta
https://archive.ph/pJbcl
some interesting stuff to contend with here including this as noted by Simon Chadwick
Just to be clear: gas & oil money from the Gulf is the poison and US private equity is the remedy…
…if this is what the debate is now all about, then European football has lost itself completely
https://twitter.com/Prof_Chadwick/statu ... yqhuorAAAA
of course, who could forget this deal signed by Joan Laporta
Barcelona agree €150m shirt sponsor deal with Qatar Foundation
Qatar Foundation to feature alongside Unicef on Barça shirt
Deal is first paid-for shirt sponsorship in club's history
https://www.theguardian.com/football/20 ... foundation
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Re: Football's Magic Money Tree
Even Americans are waking up to the possibility that we could soon see American owners having a controlling number of votes in the Premier League - which they insist on mispronouncing -from HuddleUpChester Perry wrote: ↑Fri Oct 07, 2022 10:49 pmIt seems the Premier League is edging ever closer to a majority influence from the US - with word that Bournemouth have a verbal agreement to sell to Bill Foley - that would make 11 out of the 20 with part or major ownership with Americans, still a way of 14 (the voting majority) but as todays bbs podcast points out, not all Americans think the same - from the Athletic
Bill Foley reaches £120m verbal agreement to buy Bournemouth
https://archive.ph/JHRE7
Could These 14 Americans Destroy Premier League Football?
https://www.youtube.com/watch?v=hpc1ejHpD20
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Re: Football's Magic Money Tree
How could I forget this little matter, Barcelona and Real Madrid have already been the beneficiaries of State aidChester Perry wrote: ↑Sun Oct 09, 2022 10:19 pmYou are going to see many reports like this tomorrow - from the Times, link to an archive copy to avoid the Paywall
Super League will save football from ‘financial doping’, says Barcelona president Joan Laporta
https://archive.ph/pJbcl
some interesting stuff to contend with here including this as noted by Simon Chadwick
Just to be clear: gas & oil money from the Gulf is the poison and US private equity is the remedy…
…if this is what the debate is now all about, then European football has lost itself completely
https://twitter.com/Prof_Chadwick/statu ... yqhuorAAAA
of course, who could forget this deal signed by Joan Laporta
Barcelona agree €150m shirt sponsor deal with Qatar Foundation
Qatar Foundation to feature alongside Unicef on Barça shirt
Deal is first paid-for shirt sponsorship in club's history
https://www.theguardian.com/football/20 ... foundation
EU's top court rules Spanish football clubs received illegal state aid
https://www.euronews.com/2021/03/04/eu- ... -state-aid
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Re: Football's Magic Money Tree
PSG's owners Qatari Sports Investments take a tentative step into the multi-club model
PSG owners Qatar Sports Investment buy minority stake in Sporting Braga
https://archive.ph/XYcTU
PSG owners Qatar Sports Investment buy minority stake in Sporting Braga
https://archive.ph/XYcTU
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Re: Football's Magic Money Tree
They may be restricted as to how much they can throw at Necastle United but PIF a certainly spending a lot of football sponsorship (mainly in the Saudi League where all teams are currently State owned) - from the Financial Times
Saudi Arabia wealth fund commits $2.3bn to football sponsorships
PIF enters into agreement with ‘multiple clubs’ mainly in the domestic game
https://archive.ph/iO16h
Saudi Arabia wealth fund commits $2.3bn to football sponsorships
PIF enters into agreement with ‘multiple clubs’ mainly in the domestic game
https://archive.ph/iO16h
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Re: Football's Magic Money Tree
Grimsby owner Jason Stockwood has a regular column in the Guardian, I don't always agree with him, but I do always think his column is worth the time spent reading it. It is always considered and articulate. Today's focuses on Football Fandom, how you come to follow the club you do, values and identity. It is interesting and about as far removed from the financial forces overrunning the game as you are likely to get.
Football clubs should stand for something, and at Grimsby we’re aiming high
Identities and values are intrinsic to football support, and we want to set standards that can benefit our fans and community
https://www.theguardian.com/football/bl ... iming-high
Football clubs should stand for something, and at Grimsby we’re aiming high
Identities and values are intrinsic to football support, and we want to set standards that can benefit our fans and community
https://www.theguardian.com/football/bl ... iming-high
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Re: Football's Magic Money Tree
This article about AC Milan from Miguel Delaney in the independent only touches on the promise about a series of articles intended to examine the likely re-start of a move towards a Super League, but remains quite interesting particularly in what it tells us about the state of some of Football's greatest and most historic clubs (notice the link to Ajax and Liverpool)
In the era of the super clubs, can Milan ever be Milan again?
AC Milan stands for stars, history and glory - but after more than a decade away from the top, is it already too late for Italy’s most storied club to become what they were
https://12ft.io/proxy?q=https%3A%2F%2Fw ... 99760.html
In the era of the super clubs, can Milan ever be Milan again?
AC Milan stands for stars, history and glory - but after more than a decade away from the top, is it already too late for Italy’s most storied club to become what they were
https://12ft.io/proxy?q=https%3A%2F%2Fw ... 99760.html
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Re: Football's Magic Money Tree
I have not come across this before - we all have heard of Nick de Marco the sports barrister with a knack of winning, apparently, he and his chambers Blackstone, have a Sports Law podcast, which appears to have a football bias.
https://podcasts.apple.com/gb/podcast/t ... 1629415732
the next one should be interesting as it is about FFP likely out before the end of the week
https://twitter.com/nickdemarco_/status ... nlqewrAAAA
https://podcasts.apple.com/gb/podcast/t ... 1629415732
the next one should be interesting as it is about FFP likely out before the end of the week
https://twitter.com/nickdemarco_/status ... nlqewrAAAA
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Re: Football's Magic Money Tree
All getting very interesting with 8XBet the Manchester City Betting PartnerChester Perry wrote: ↑Thu Sep 22, 2022 11:33 amYou may have heard about this tale on today's Price of Football Podcast, but it originates with Phillipe Auclair and Josimar Football - there are many interpretations of what is going on with Manchester City's new betting partner - one of which is that the ownership are funding through a shell company
Ghost in the machine
Mystery surrounds 8XBet, Manchester City’s new Asian betting partner. Open-source intelligence points to the UAE.
http://josimarfootball.com/ghost-in-the-machine/
https://twitter.com/PhilippeAuclair/sta ... 8817689602
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Re: Football's Magic Money Tree
One of the interesting things about the first podcast is just how many lawyers are employed in house at football clubs - Man City have a team of 25 though they do have CFG and all those other clubsChester Perry wrote: ↑Tue Oct 11, 2022 12:37 pmI have not come across this before - we all have heard of Nick de Marco the sports barrister with a knack of winning, apparently, he and his chambers Blackstone, have a Sports Law podcast, which appears to have a football bias.
https://podcasts.apple.com/gb/podcast/t ... 1629415732
the next one should be interesting as it is about FFP likely out before the end of the week
https://twitter.com/nickdemarco_/status ... nlqewrAAAA
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Re: Football's Magic Money Tree
Has anything more been found out about the company that sprung up to sponsor our away kit?Chester Perry wrote: ↑Tue Oct 11, 2022 12:55 pmAll getting very interesting with 8XBet the Manchester City Betting Partner
https://twitter.com/PhilippeAuclair/sta ... 8817689602
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Re: Football's Magic Money Tree
No, but don't you find it interesting that we have never worn it for a game - given Pace's previous on not allowing advertising if it has not been paid for (at least 13 boards taken down around the side of the pitch during Covid Lockdown after the takeover) it does make you wonder if we have been paid.Quickenthetempo wrote: ↑Tue Oct 11, 2022 1:06 pmHas anything more been found out about the company that sprung up to sponsor our away kit?
This user liked this post: Quickenthetempo
Re: Football's Magic Money Tree
I don’t think we’ve needed it yet, Saturday was the first time we’d worn anything other than the home kit and the second kit would have clashed with Coventry’s strip. Sunderland away will be the real tell.Chester Perry wrote: ↑Tue Oct 11, 2022 2:04 pmNo, but don't you find it interesting that we have never worn it for a game - given Pace's previous on not allowing advertising if it has not been paid for (at least 13 boards taken down around the side of the pitch during Covid Lockdown after the takeover) it does make you wonder if we have been paid.
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Re: Football's Magic Money Tree
I transferred the post to the EMA Equity thread, but I just cannot remember the time we played so many away games in the home shirt, and certainly not consecutively from the start of the season
Re: Football's Magic Money Tree
It’s also worth noting that the EMA ads are still cycling through on the LED boards around the ground at the Turf. I remember them from the last home match as we were discussing ‘who are EMA’ when they appeared.Chester Perry wrote: ↑Tue Oct 11, 2022 2:38 pmI transferred the post to the EMA Equity thread, but I just cannot remember the time we played so many away games in the home shirt, and certainly not consecutively from the start of the season
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Re: Football's Magic Money Tree
transferred conversation to the EMA Equity partners thread
http://www.uptheclarets.com/messageboar ... &start=100
http://www.uptheclarets.com/messageboar ... &start=100