Discover and read the best of Twitter Threads about #AFC

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In advance of the Women’s Euro 2022, I thought it might be interesting to review the finances of the FA Women’s Super League (WSL) for the 2020/21 season, albeit severely impacted by the COVID-19 pandemic with almost all games played behind closed doors.
Reviewing WSL financials is made more difficult by the fact that not all clubs publish detailed accounts, so some lack information on revenue, expenses, wages and headcount. Nevertheless, there is enough data available to identify some common themes.
Overall the WSL reported a record pre-tax loss of £9.7m for 2020/21, which was £2.5m more than the previous season’s £7.2m  and slightly higher than the £8.9m deficit in 2018/19. Note: the WSL increased the number of clubs from 11 in 2019 to 12 in 2020. Image
Read 43 tweets
Youri Tielemans update. Still no formal offers made.

Tielemans wants to join Arsenal and Edu still in touch with his agent. Arsenal have agreed terms, and worked on the deal for a year, but have never placed an official bid.
Fabio Vieira's arrival doesn't rule out Tielemans. Arsenal still deciding whether to bid.

Erik ten Hag is also interested. Tielemans was actually a Ralf Rangnick target but didn't want to join #MUFC under him.
If Arsenal reach an agreement with Leicester, told Tielemans will sign. But for now, #AFC haven't decided on him. The genuine interest from #MUFC may force Edu to make a decision quicker than expected, especially if ten Hag pitch proves appealing.
Read 5 tweets
UEFA have announced new Financial Sustainability regulations from June 2022. President Aleksander Ceferin explained, “The evolution of the football industry, alongside the inevitable financial effects of the pandemic, has shown the need for wholesale reform and new regulations.”
UEFA director Andrea Traverso noted, “Competitive imbalance cannot be addressed simply by financial regulations. It must be addressed in combination with other measures. This is why we changed the name. The name fair play was interpreted as creating a level playing field.”
Ceferin added, “UEFA’s first financial regulations, introduced in 2010, served their primary purpose.” Now, instead of so-called Financial Fair Play, the focus is on the financial sustainability of clubs with 3 key pillars being monitored: solvency, stability and cost control.
Read 38 tweets
Gabriel Jesus 🇧🇷 to Arsenal, a great signing for the club? A thread;
I’ll be breaking this thread into Internal & External factors, starting with the on the pitch opportunities & potential discussion points - varying from Jesus & the players & the club.
Linkup play, general profile & skillset -

Gabriel Jesus is a 25 year old versatile attacker from Brazil. The Brazilian is as well rounded an attacker as you’ll find in the modern game.

Link up play, holding width, back to goal, a starter for the best team around..
Read 22 tweets
Recently on Talk Sport Simon Jordan @Sjopinion10 claimed, “Klopp’s net spend is £28m-a-year, Pep’s is £100m-a-year.” This thread will look at #LFC and #MCFC accounts to see whether this statement is correct – and whether we should assess their expenditure in a different way.
Klopp arrived at #LFC in October 2015, i.e. after the 2015 summer transfer window, so the 2016/17 season is his effective starting point. Guardiola started at #MCFC in 2016/17, so it’s the same for him. This analysis will therefore look at the 5 years up to the 2020/21 accounts.
In that period, #MCFC have reported £656m net spend, averaging £131m a year, which is over twice as much as #LFC £318m (£64m average). In fact, Liverpool have also been outspent in this period by #MUFC £630m, #CFC £465m, #AFC £428m and #EFC £359m.
Read 25 tweets
Not a good night for #Ramsdale!

The 4th goal summed it up!

-Engaged the 1v1 when it was 20yrd out & there was a CB covering making the finish far easier

-Using the smother technique rather than the spread technique making the chipped finish far more difficult to save

#ENGvHUN ImageImageImageImage
My 1v1 model shows that engaging 1v1s at distances greater than 14yrds from goal just makes the finishes easier rather than harder

The best GKs (like #Alisson) often wait deep & lure the striker in & then engage the ball once they know they can snuff out the shot!

#ENG #ENGvHUN
My 1v1 model also finds the smother to be very vulnerable when the 1v1 is central as it often allows the GK to be rounded or chipped plus it does very little to cover the side the GK does not have their hands!

A spread wouldn’t drastically increased the Rambos save probability!
Read 6 tweets
Crystal Palace’s 2020/21 financial results covered a season where they finished 14th in the Premier League for the second year in a row in a campaign “enormously impacted” by COVID. Manager Roy Hodgson replaced by Patrick Vieira in July 2021. Some thoughts follow #CPFC
#CPFC pre-tax loss narrowed from £58m to £40m, despite revenue falling £8m (6%) from £142m to £134m, due to profit on player sales increasing from £1m to £10m and expenses falling £17m (8%), mainly due to a change in the accounting date (two fewer months).
Main driver of #CPFC revenue fall was COVID, which led to reductions in gate receipts, down £8m (97%) to just £247k, and commercial, down £4m (20%) from £21m to £17m. Partly offset by TV money rising £4m (4%) from £113m to £117m, mainly due to broadcasters’ rebate in prior year.
Read 43 tweets
My 1st @goalkeeper_com piece:

How many goals were the big 6 GKs worth vs the avg #PL GK?

#Alisson was worth ~19 goals! What more does a GK have to do to get #POTY!

#DeGea was the best shot stopper but his weak shot prevention & distribution meant he was only worth ~3 goals!
#Ederson was the best distributer & his shot preventing was class but his below average shot stopping means his value is far below #Alisson’s!

#Ramsdale’s performances at the end of the season were average but his incredible start means he ended the year with great numbers!
#Mendy was in 2nd place for goal value throughout the year but a poor final few games caused him to drop off, still he was worth ~6 goals to #Chelsea!

#Lloris has gone under the radar this year & while his distribution was pretty weak his shot stopping & sweeping was class!
Read 10 tweets
There have been a few analyses of football club debt published recently, which are at best misleading, if not downright incorrect. So it’s once again time to wheel out my explanation of why debt figures should be treated with caution, as there are so many different definitions.
For the purpose of this review I will take the 2020/21 audited accounts of those clubs featuring in the Deloitte Money League (with the exception of Zenit St Petersburg, where I have not managed to source the details).
At the narrowest extreme, we have just bank debt, but the broadest extreme covers total liabilities, which includes all financial obligations, including transfer debt, staff payables, tax liabilities, trade creditors, provisions, accrued expenses and even deferred income.
Read 39 tweets
Manchester United have announced financial results for Q3 of 2021/22, incorporating the first 9 months of the season (July 2021 to March 2022), so these are boosted by the return of fans to the stadium. Some thoughts in the following thread #MUFC
#MUFC swung from £18m pre-tax profit to £58m loss (£45m after tax), despite revenue increasing £65m (16%) from £400m to £465m and profit on player sales rising from £0.3m to £18m, as expenses were up £109m (27%) and net interest went from £18m recoverable to £31m payable.
The main driver of the #MUFC £65m revenue increase was match day, which rose £84m from £5m to £89m, as games no longer played behind closed doors, though commercial was also up £14m (8%) from £180m to £194m. In contrast, broadcasting fell £34m (16%) from £215m to £181m.
Read 24 tweets
UEFA has published the revenue distributions for the Champions League and Europa League in the 2020/21 season. Although these are very close to the modelled figures that I have previously provided, I thought some people might like to have the final, official figures.
Unsurprisingly, the two Champions League finalists earned the most with winners #CFC and #runners-up MCFC receiving £105m and £104m respectively, followed by #RealMadrid and #PSG, both £96m, then #FCBayern £81m and #LFC £77m.
Clubs in the Europa League received a lot less with winners #Villarreal getting only £29m, followed by semi-finalists #AFC £26m and #ASRoma £21m, then #THFC £16m. Runners-up #MUFC earned £15m after dropping down from the Champions League, while #LCFC got £14m.
Read 22 tweets
Newcastle United’s 2020/21 financial results cover a season when they finished 12th in the Premier League under head coach Steve Bruce, since replaced by Eddie Howe in November 2021. Disrupted by the COVID-19 pandemic. Some thoughts in the following thread #NUFC
This was the last set of accounts under Mike Ashley’s ownership, as the club was acquired in October 2021 by Saudi Arabia’s Public Investment Fund (80% stake), as well as PCP Capital Partners (10%) and RB Sports & Media (10%).
#NUFC pre-tax loss reduced from £26m to £14m, despite revenue falling £13m (8%) from £153m to £140m and profit on player sales dropping £24m to £2m, as operating expenses decreased £51m (25%), mainly due to change in accounting date. Loss after tax narrowed from £23m to £12m.
Read 52 tweets
Sheffield United’s 2020/21 accounts covered a season when they finished 20th in the Premier League, leading to relegation after a two-year spell in the top flight. Manager Chris Wilder was replaced by Paul Heckingbottom (interim basis). Some thoughts follow #SUFC #twitterblades
This was the second year under new #SUFC owner Prince Abdullah after the High Court ruled that Kevin McCabe had to sell his 50% share to the Prince. This also triggered an agreement whereby the club had to purchase the stadium, training facility, gym, hotel and offices for £38m.
#SUFC pre-tax profit fell from £19m to £10m, as revenue dropped £28m (20%) from club record £143m to £115m and profit on player sales decreased £3m to £1m, partly offset by operating expenses falling £21m (17%). Net interest payable was up £1.7m to £2.5m.
Read 43 tweets
A few quotes & notes from the Fans’ Forum at Arsenal last night.
The meeting was held at Highbury House, with a few of us (including Josh Kroenke) attending online.
1/
Josh Kroenke "It’s been a rollercoaster of a season. I say that with a smile on my face. To think back to where we were after 3 matches, Mikel and the team have done an amazing job stabilizing the ship. I wanna thank you guys for sticking with us through all the ups and downs. 2/
The support home and away has been unbelievable. I can feel and hear a whole new level of connection that’s going on around the club. It makes a real difference. 3/
Read 18 tweets
A year ago 12 clubs announced a European Super League (ESL) before fan protests led to a humiliating climbdown just days later. However, the factors that drove the 12 clubs to this deeply unpopular move largely remain. It’s still all about money: a combination of fear and greed.
There is little doubt that many of the 12 Super League clubs continue to face serious financial problems. To some extent, this helps explain why the “dirty dozen” would seek more revenue, but that certainly does not excuse their horribly ill-conceived plan.
It is somewhat ironic that these clubs lamented the perilous state of their finances while simultaneously claiming that they had all the answers. Their argument that the Super League would somehow benefit the wider football family should also be taken with a large pinch of salt.
Read 46 tweets
Fulham’s financial results for 2020/21 cover a season when they were relegated to the Championship after just a single season in the Premier League, after they finished 18th. Head coach Scott Parker replaced by Marco Silva in July 2021. Some thoughts in the following thread #FFC
#FFC pre-tax loss widened from £48m to £93m, despite revenue doubling from £58m to £116m following promotion to the Premier League, as profit on player sales fell £25m to zero, while expenses increased by £78m (60%) in the top flight (including £21m player impairment). Image
Main driver of #FFC £58m revenue increase was broadcasting, up £61m from £44m to £105m, due to the more lucrative Premier League TV deal, though commercial also grew £2m (26%) to £11m. This offset the COVID driven reduction in gate receipts, down £5.3m (96%) to just £231k. Image
Read 39 tweets
Leeds United’s 2020/21 accounts cover their first season back in the Premier League after a 16-year absence, when they finished an impressive 9th under Marcelo Bielsa, recently replaced by Jesse Marsch. Finances impacted by COVID. Some thoughts follow #LUFC
#LUFC swung from a £62m pre-tax loss in the Championship to £26m profit in the Premier League, thanks to revenue more than tripling from £54m to club record £171m, though competing in the top flight increased expenses by a third (£44)m. Bottom line boosted by £21m loan write-off. Image
Main driver of #LUFC £117m revenue increase was broadcasting, up £124m from £9m to £133m, due to much more lucrative Premier League TV deal, though commercial also grew £2m (6%) to £36m. This offset the COVID driven reduction in gate receipts, down £10m (83%) to just £1.9m. Image
Read 42 tweets
Brighton and Hove Albion’s 2020/21 accounts cover an “incredibly challenging” season, when they finished 16th in the Premier League under head coach Graham Potter, but their finances were significantly impacted by the COVID-19 pandemic #BHAFC
#BHAFC reported “another substantial loss” of £53m, though this was better than prior year’s £67m. Revenue rose £19m (14%) from £133m to a club record £152m and profit on player sales increased £7m (£1m loss in previous season), but expenses were £15m (7%) higher. Image
#BHAFC broadcasting revenue increased £33m (37%) from £90m to £123m, mainly due to money deferred from 2019/20 for games played after the accounting close, which offset COVID driven reduction in match day, down £13m (96%) to just £494k, and commercial, down £1m (4%) to £28m. Image
Read 40 tweets
Everton’s 2020/21 financial results covered a season when they finished 10th in the Premier League and reached the quarter-finals of both domestic cups under Carlo Ancelotti. The COVID-19 pandemic had a “dramatic” impact on the accounts. Some thoughts follow #EFC
#EFC loss narrowed from £140m to £121m, as revenue rose £7m (4%) from £186m to a club record £193m, though profit on player sales dropped £27m to £13m. Total expenses, including exceptional items, fell £42m (12%), but interest payable increased £3m to £9m.
#EFC broadcasting income rose £48m (49%) from £98m to £146m, mainly due to money deferred from 2020 for games played after accounts. This offset COVID driven reduction in match day, down £12m (98%) to just £222k, and £29m (39%) fall in commercial to £47m (naming rights option).
Read 49 tweets
Deloitte have published the 25th edition of their annual Football Money League, which ranks the world’s leading football clubs by revenue, this time covering the 2020/21 season. Some thoughts in the following thread.
Deloitte said that the Money League remains “the most contemporary and reliable independent analysis of the top clubs’ relative financial performance”, which is largely true, even though they had to re-issue this year’s report after initially mis-stating #Milan revenue.
Revenue has obviously been significantly impacted by COVID-19. Deloitte estimate that the Money league clubs have missed out on well over €2 bln of revenue over the 2019/20 and 2020/21 season as a result of the pandemic.
Read 51 tweets
Southampton’s 2020/21 financial results covered a “mixed” season when they dropped from 11th to 15th in the Premier League, but reached the semi-finals of the FA Cup. Finances were significantly impacted by the COVID pandemic. Some thoughts in the following thread #SaintsFC
#SaintsFC pre-tax loss narrowed from £76m to £23m, as revenue rose £30m (24%) from £127m to £157m, profit on player sales increased £2m from £14m to £16m and operating expenses fell £25m (12%). Net interest payable was up £6m to £9m. Loss after tax was down from £62m to £15m. Image
#SaintsFC broadcasting revenue increased £43m (46%) from £93m to £136m, mainly due to money deferred from 2019/20 for games played after the accounting close, while commercial rose £2m (10%) to £21m. Offset COVID driven reduction in match day, down £14m (96%) to just £625k. Image
Read 40 tweets
Wolverhampton Wanderers 2020/21 financial results covered a season when they finished 13th in the Premier League. Although lower than previous two seasons, still third best since 1980. Head coach Nuno Espirito Santo replaced by Bruno Lage in June 2021. Some thoughts follow #WWFC
#WWFC swung from £40m pre-tax loss to £145m profit, £18m excluding £127m waiver of debt owed to owners Fosun. Revenue rose £61m (46%) from £133m to a club record £194m, while profit on player sales increased £51m to £61m, partly offset by operating expenses growing £54m (30%). Image
#WWFC broadcasting revenue increased £73m (77%) from £96m to £159m, mainly due to money deferred from 2019/20 for games played after the accounting close, which offset COVID driven reduction in match day, down £13m (99%) to just £144k. Commercial rose slightly (2%) to £25m. Image
Read 39 tweets
Aston Villa’s 2020/21 account covered a season when they finished 11th in the Premier League. The “rebuilding” of the club continued apace, following the arrival of owners Nassef Sawiris & Wes Edens in July 2018, despite the challenges posed by COVID. Some thoughts follow #AVFC
#AVFC pre-tax loss narrowed from £99m to £37m, as revenue rose £71m (63%) from £113m to club record £184m, though profit on player sales remained low at £1m. Investment in the squad increased operating expenses by £10m (5%). Image
#AVFC broadcasting revenue more than doubled, rising £79m from £78m to £157m, mainly due to deferred money from 2019/20, which offset COVID driven reduction in match day, down £11m (97%) to just £311k. Commercial rose £3m (16%) to £25m, while player loans halved to £1m. Image
Read 41 tweets
After 19 years of ownership Roman Abramovich has announced the “incredibly difficult decision” to sell Chelsea “in the best interest of the club” following Russia’s invasion of Ukraine. This thread will look at the financial state of the club as prospective buyers circle #CFC
Abramovich is surely worried that the government will try to freeze or seize his assets, due to his alleged links to Russian president Vladimir Putin. He is not yet on the list of oligarchs being sanctioned, but if he were added, he would almost certainly be unable to sell #CFC
In truth, this decision has seemed a matter of time ever since British authorities delayed the renewal of his visa in 2018, after which he acquired Israeli and Portuguese citizenship. He attended a match at Stamford Bridge for the first time in three years in November #CFC
Read 42 tweets

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