Discover and read the best of Twitter Threads about #EFC

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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
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
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
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
#WatfordFC 2020/21 financial results covered a season when they finished 2nd in the Championship, securing immediate promotion back to the Premier League. Head coach Vladimir Ivic was replaced by Xisco, since succeeded by Claudio Ranieri and Roy Hodgson. Some thoughts follow.
Despite impact of relegation and COVID, #WatfordFC pre-tax loss reduced from £36m to £22m, even though revenue fell £63m (52%) from £120m to £57m, as profit on player sales shot up from £18m to £56m and expenses were cut £35m (21%). Other income included £2.5m insurance claim. Image
Main driver of #WatfordFC revenue decrease was broadcasting, down £45m (48%) from £95m to £50m, as TV deal is much more lucrative in the Premier League, though also big falls in commercial, down £13m (76%) from £17m to £4m, and match day, down £5.7m (78%) to £1.6m. Image
Read 43 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
Most of you will know I also covered #EFC for 18 years before switching solely to #LFC in 2018, so I've always kept a close eye on things at Goodison. I've been quite forceful in my belief they were never in genuine trouble of relegation - until watching them last night...
Everton clearly have more talented players than Burnley. They also have more talent than Watford or Norwich. But talent is nothing without application and belief. And while no player doesn't try, it's clear they don't all believe in each other right now - which is a big worry...
You find out more about players in tough situations, whether at the top or the bottom of the table. And Everton players don't look like they trust the reliability of each other at present. Plus nobody is galvanising them or bringing them together on the pitch - no real leaders...
Read 14 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
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
Arsenal’s 2020/21 financial results covered a season when they finished 8th in the Premier League and reached the Europa League semi-finals under head coach Mikel Arteta, but their finances were adversely impacted by COVID-19. Some thoughts follow #AFC
#AFC pre-tax loss shot up from £54m to £127m (after tax £107m), as revenue dropped £16m (5%) from £344m to £328m and profit on player sales fell £48m from £60m to £12m. Operating expenses were cut £17m (4%), but bond finance break costs increased interest payable by £26m to £40m.
#AFC broadcasting revenue rose £65m (55%) from £119m to £184m, mainly due to deferred money from 2019/20, which offset COVID driven reductions in match day, down £75m (95%) to just £4m, and commercial, down £6m (4%) from £142m to £136m. Player loans slightly down at £3m.
Read 50 tweets
PM Boris Johnson warning Putin will be left with: “A Russia that has pariah status… no chance of holding football tournaments in a Russia that invades sovereign countries.” Message there to UEFA re Champions League final #cfc #lfc #mcfc #mufc
Abramovich and Usmanov named by Dame Margaret Hodge in parliament as “kleptocrats who have stolen from the Russian people” and should be sanctioned. PM replies today’s sanctions are “just part of the first barrage” & “Abramovich is already facing sanctions.”
Asked to clarify, PM Johnson says: “Yes. We will be able to sanction oligarchs, associates of Putin and companies of strategic importance to the Kremlin.” What this means for clubs like #cfc and #efc unclear
Read 3 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
Following Pierre-Emerick Aubameyang’s move to Barcelona, questions have again been asked about Arsenal’s recruitment policy, as the club has once more left a lot of money on the table after the free transfer of an expensive purchase #AFC
Looking at players that #AFC have sold in the last 5 years (2017/18 to 2021/22), we can see that the club has lost £163m (in cash terms) in this period with £136m of that coming from just 3 acquisitions: Aubameyang £57m, Mesut Ozil £42m and Shkodran Mustafi £37m.
In this period #AFC have rarely made big money on any transfers with only 3 deals generating gains above £20m: Alex Iwobi to #EFC £27m, Joe Willock to #NUFC £26m and Alex Oxlade-Chamberlain to #LFC £22m. The first two are homegrown with only The Ox being a purchase.
Read 24 tweets
🧵 Thread 🧵

Review of @Everton managerial candidate: Vitor Pereira

#EFC #NSNO #27years
With the managerial saga surrounding @Everton coming to a boil in recent days and discontent with certain links manifesting into vandalism and discourse I thought it would be a good time to provide more light into one of the potential candidates, Vitor Pereira.
I will be going over the following topics in attempt to calm fears and frustration with the prospective hiring of the Portuguese manager:

Background:
1️⃣General info/Managerial history [1-10]
Tactics:
2️⃣Favored approach[11-17]
3️⃣Positional roles
Conclusion:
4️⃣Personal take
Read 42 tweets
Pereira: "I think this [#EFC] is a historical club. I'm not the manager, but I think the first decision as a manager in the club is to bring the organisation, the way to press, the intense game that I saw a few years ago in Goodison Park."
Pereira: "What I felt from the club? I felt they were enthusiastic for what I proposed to them. An intense game, a pressing game, a game with possession. We need to give confidence again to the team, to approach the fantastic supporters again."
Pereira tells Sky Sports there are "other candidates" and "this is the time for decisions"
Read 13 tweets
Following yesterday’s thread on Manchester City's financial results, I had a couple of requests to look at the combined cost of wages and player amortisation for a view of total staff costs, i.e. considering both wages and transfer fees, so here’s a quick analysis #MCFC
#MCFC wages + player amortisation has risen by £209m (72%) in last 5 years from £292m to £500m (half a billion), which is only £5m more than #CFC £495m. City’s £355m wages are £22m higher than Chelsea’s £333m, but the Londoners’ £162m amortisation is £16m more than City’s £146m. ImageImageImage
In terms of wages + player amortisation, #MCFC £500m and #CFC £495m are well clear of the other Premier League clubs with the closest challengers being #MUFC £443m and #LFC £432m (2019/20 figures), then another sizeable gap to #AFC £334m, #THFC £279m, #EFC £264m and #LCFC £235m. Image
Read 4 tweets

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