Discover and read the best of Twitter Threads about #BHAFC

Most recents (24)

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
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
Leeds United and Burnley have written to the Premier League, threatening to take legal action for their failure to punish Everton for what they believe to be a serious breach of the regulations. Relegation would have significant financial consequences. #EFC #LUFC #BurnleyFC
If a club breaches the Premier League’s Profitability and Sustainability rules, it can face sanctions ranging from fines to points deductions. #LUFC and #BurnlyyFC would argue that #EFC have enjoyed a competitive advantage, as the league has not sanctioned their high spending.
#EFC are adamant that they are in line: “'We have worked so closely with the Premier League to make sure we are compliant. We are comfortable we have complied with the rules. External auditors have told us what we can and cannot claim against the pandemic.”
Read 27 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
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
Brighton publish 2020/21 accounts. 🔑 numbers
Income £152m (up 14%)
Wages £109m (up 6%)
Operating losses £50m (down 20%)
Player purchases £31m
Player sales £17m
Owner total investment £427m #BHAFC
Not all clubs have published 2020/21 accounts, Brighton income record level for club despite matches BCD & broadcast rebate (about £3m). Lowest of clubs who have reported 2020/21 figures to date.
Broadcast income 81% of total for Brighton, higher than previous season as played 44 games in PL in year to 30 June 2021 compared to 32 the previous year impacted by Covid/lockdown. Still lowest of clubs reporting to date for last season though
Read 11 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
Liverpool’s 2020/21 financial results covered a season when they finished third in the Premier League and reached the quarter-finals of the Champions League. Period also included 2019/20 league title win. Finances adversely impacted by the pandemic. Some thoughts follow #LFC
#LFC reduced pre-tax loss from £46m to £5m, driven by operating expenses falling £37m (6%). Revenue overall was slightly lower at £487m, but profit from player sales increased £12m to £39m. Loss after tax narrowed from £39m to £10m.
#LFC broadcasting revenue rose £64m (32%) from £202m to £266m, mainly due to deferred money from 2019/20, which offset COVID driven reduction in match day, down £67m (95%) to just £4m. Commercial was flat at £218m, as sponsorship growth offset losses caused by the pandemic.
Read 49 tweets
#ReadingFC 2020/21 financial results covered a season when the #Royals finished 7th in the Championship, just missing out on the play-offs under Veljko Paunovic, since replaced by Paul Ince and Michael Gilkes (interim managers). Some thoughts in the following thread.
This was the fourth season that #ReadingFC were under the control of Chinese businessman Dai Yongge (and his sister Dai Xiu Li), who own 96% via Renhe Sports Management Co Ltd. However, in that time the club has struggled both on the pitch and with Financial Fair Play rules.
#ReadingFC loss narrowed from £42m to £36m, despite revenue dropping £4.0m (23%) from £17.8m to £13.8m and profit on player sales falling £0.9m to £0.7m, thanks to an £11.2m (18%) reduction in operating expenses from £61.3m to £50.2m.
Read 42 tweets
Leicester City’s 2020/21 accounts covered “one of the most successful seasons in the club’s history” when they finished 5th in the Premier League, won the FA Cup and reached the last 32 of the Europa League. Finances significantly impacted by COVID. Some thoughts follow #LCFC
#LCFC pre-tax loss reduced from £67m to £33m (after tax £31m), as revenue rose £76m (51%) from £150m to £226m plus £2.5m other operating income, partly offset by profit on player sales falling £19m to £44m and operating expenses rising £22m (8%).
#LCFC revenue increase helped by on-pitch success, but also recognition of revenue from delayed 2019/20 season. Broadcasting rose £77m (71%) from £108m to £185m, while commercial grew £12m (41%) from £29m to £41m. These offset £13m (96%) reduction in match day to just £552k.
Read 45 tweets
Manchester City’s 2020/21 accounts covered a season when they won the Premier League for the third time in four years, reached the Champions League final for the first time in the club’s history, won the League Cup and reached the FA Cup semi-finals. Some thoughts follow #MCFC
#MCFC swung from £125m loss before tax to £5m profit (£2m after tax), despite the adverse impact of COVID, as revenue increased £92m (19%) from £478m to club record £570m, profit from player sales rose £29m to £69m and operating expenses fell £11m (2%).
Main reason for #MCFC revenue growth was £107m (56%) increase in broadcasting from £190m to £297m, including deferred revenue from 2019/20 and higher CL money, plus £25m (10%) growth in commercial to £272m, which offset COVID driven reduction in match day, down £41m (98%) to £1m.
Read 43 tweets
Four Premier League clubs have now published their accounts for the 2020/21 season and it may surprise to many fans that two of them managed to increase their revenue in a season so badly impacted by the pandemic. This thread will explain the reasons, which are mainly technical.
West Ham reported significant (38%) revenue growth from £140m to £193m, while Chelsea also increased revenue by 7% from £407m to £435m. The other clubs saw relatively small revenue falls: Manchester United from £509m to £494m (3%) and Tottenham Hotspur from £392m to £360m (8%).
As almost all games were played behind closed doors without fans in 2020/21, match day income took a real pasting, with substantial reductions across the board: #THFC down from £95m to £2m, #MUFC from £90m to £7m, #CFC from £54m to £8m and #WHUFC from £23m to £1m.
Read 19 tweets
West Ham’s 2020/21 financial results covered a season when they finished 6th in the Premier League, thus qualifying for the Europa League, though it was “another difficult year” with finances significantly impacted by COVID. Some thoughts in the following thread #WHUFC
#WHUFC pre-tax loss reduced from £65m to £27m, as revenue rose £53m (38%) from £140m to £193m, while other operating income was up £3m to £5m, offset by profit on player sales falling £7m to £18m. There was growth in operating expenses £7m and net interest payable £4m.
#WHUFC broadcasting revenue virtually doubled from £83m to £163m, including deferred money from 2019/20, which offset COVID driven reductions in match day, down £22m (98%) to just £508k, and commercial, down £5m (16%) to £29m. Other income included £2.5m insurance claim.
Read 47 tweets
Chelsea’s 2020/21 accounts cover a season when they won the Champions League, finished 4th in the Premier League and reached the FA Cup final. Head coach Frank Lampard replaced by Thomas Tuchel in January. Financials significantly impacted by COVID. Some thoughts follow #CFC
#CFC pre-tax tax loss widened from £36m to £156m (£153m after tax), mainly due to profit on player sales falling £115m from £143m to £28m, though revenue rose £28m (7%) from £407m to £435m, while there was £13m other operating income. Total expenses shot up £117m (23%) to £631m.
The main reason that #CFC revenue rose 7% was £91m (50%) increase in broadcasting from £183m to £274m, mainly due to deferred revenue from 2019/20, which offset COVID driven reductions in match day, down £47m (86%) to £8m, and commercial, down £17m (10%) to £154m.
Read 48 tweets
Tottenham Hotspur’s 2020/21 accounts cover a season when they finished 7th in the Premier League, were beaten in the final of the EFL Cup and reached the last 16 of the Europa League. Financials significantly impacted by COVID-19. Some thoughts in the following thread #THFC
#THFC pre-tax loss widened from £68m to £80m (£84m after tax), as revenue dropped £32m (8%) from £392m to £360m, though profit on player sales rose £4m to £19m. Partly offset by a £9m (2%) decrease in operating expenses, while net interest payable was cut £6m (15%) to £37m.
The main reason that #THFC revenue only fell 8% was £71m (52%) increase in broadcasting from £136m to £207m, mainly due to deferred revenue from 2019/20, which compensated for COVID driven reductions in match day, down £93m (98%) to £2m, and commercial, down £10m (6%) to £152m.
Read 49 tweets
After I put together a thread looking at the financial trends in the Premier League over the last 10 years from 2011 to 2020, a few people asked me if I could do the same for the EFL Championship. So here are the finances for England’s second tier over the last decade.
This analysis comes with caveats, as not all Championship clubs published accounts in the last decade, e.g. Derby County in 2019 and 2020. Also no accounts for clubs in administration, e.g. Portsmouth (2011 & 2012), Bolton Wanderers (2018 & 2019) and Wigan Athletic (2020).
Nevertheless, the themes and trends can still be highlighted, including the impact of COVID in the last three months of 2020. We will also feature some comparisons with the Premier League to illustrate the immense differences between England’s top two divisions.
Read 50 tweets
Following Newcastle United’s takeover by a consortium led by Saudi Arabia's Public Investment Fund (80% stake), #NUFC fans are eagerly anticipating a spending spree, due to the enormous wealth of the new owners, but how much can the club really spend, especially with FFP rules?
#NUFC spending ability will be limited by the Premier League Profitability and Sustainability rules. These allow a £5m loss a year, which can be boosted by £30m equity injection, giving allowable losses of £35m a year. This works out to £105m over the 3-year monitoring period.
#NUFC made £38m pre-tax profit over 3 years up to 2020 (latest published accounts), but they can make a £30m adjustment for “good” expenditure (depreciation, women’s football, youth development & community). Adding this £68m to £105m allowable loss gives £173m possible spend.
Read 43 tweets
While we wait for clubs to publish their accounts for the 2020/21 season, I thought it might be interesting to look at the trends in the Premier League over the last 10 years from 2011 to 2020, especially with COVID impacting last 3 months of 2019/20. Some thoughts follow #PL
#PL loss before tax widened in 2020 from £155m to £992m,  as the initial effect of the pandemic began to bite. It is true that the division was already loss-making in 2019, but it had reported profits in 4 of the preceding 5 years, amounting to £1.3 bln in this period.
The situation in the #PL was much the same after tax, though the 2020 loss was smaller at £953m, due to £39m tax credits. Tax accounting entries can have a major impact on net profits, e.g. 2018 included a £149m tax charge, while 2103 was boosted by £147m tax credit.
Read 38 tweets
Gameweek 4️⃣ Previews! #FPL

Below we summarise all of...
🔘Injuries
🔘Suspensions
🔘Key Press Conference quotes
🔘A resulting PREDICTED lineup

LIKES ❤️ and RETWEETS ♻️ appreciated! Good Luck and Enjoy.

#TipzLineups #FPLCommunity #GW4 Image
Arsenal Gameweek Preview

Suspended / Injured 🤕📕
🔘 Xhaka (suspended)
🔘 Elneny (injured)

Quotes/Notes 📝
🔘 White, Gabriel, ESR & Partey available
🔘 Tomiyasu fit and work permit cleared

Predicted lineup below

Written by @FPLRayGooner_49

#AFC
#ARSNOR Image
Villa Gameweek Preview

Suspended/ Injured 🤕📕
🔘 Trezeguet
🔘 Davis

Quotes/Notes 📝
🔘 McGinn and Ramsey have recovered from their illness.
🔘 Watkins and Bailey are back available
🔘Traore back training

Predicted lineup below

Written by @fpl_Marsh
#AVFC
#AVLBRE Image
Read 22 tweets
🧵 Pre-match press conference thread Gameweek 3 [Thursday]

🔫 Arsenal

📢 Mikel Arteta: "From Covid we still have Ben [White] out and Alex Runarsson who has been out and the rest of the players that are missing, hopefully..."

#fpl #gw3 #CHpressers #AFC

patreon.com/posts/55366553
📢 Arteta: "...today because we’re going to be tested, are only injuries. They’re longer-term injuries and that’s why we don’t have them back yet."

On White: "He's asymptomatic. He's been feeling good and as quick as we can, we're going to bring..."

#fpl #gw3 #CHpressers #AFC
📢 Arteta on White: "...him back to training and start to play games with us again."

On Gabriel: "He’s getting closer. He had a couple of sessions with the team but we don’t know [if he can play v Man City]. Let’s see tomorrow how he is."

#fpl #gw3 #CHpressers #AFC
Read 30 tweets

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