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Most recents (24)

When I started working for a financial services company aged 18 I really struggled with managing problems and my work. It is another of those skills that would be useful to learn at school but we just never did.

I was lucky that I had some fantastic bosses who wanted to help me
grow rather than criticising me for being a fuck-up.

One of them taught me to categorise all my work that comes in and problems I need to solve into 4 simple categories.

Important & Urgent
Important but not Urgent
Urgent but not Important
Neither Urgent or Important
The reason is when we have a lot - or even too much - to think about we have a tendency to just treat things as 1s and 0s. Every piece of work and every problems is just 1. One of many.

This advice from one of my bosses just completely changed my life as I could apply it to
Read 16 tweets
Crystal Palace’s 2019/20 financial results covered a season which ended in “a relatively disappointing 14th place following a run of bad results after lockdown”, according to chairman Steve Parish. Financial results were adversely impacted by COVID-19. Some thoughts follow #CPFC
#CPFC swung from £5m pre-tax profit to £58m loss, mainly due to profit on player sales dropping from £46m to only £0.5m. Revenue fell £13m (8%) from club record £155m to £142m, partly due to COVID, while expenses increased £5m (2%), including an additional month.
Main driver of #CPFC revenue reduction was broadcasting, which fell £11.7m (9%) from £124.4m to £112.7m, while match day dropped £2.8m (19%) from £14.6m to £11.8m. However, commercial rose £1.4m (9%) from £16.4m to £17.8m. Note: this revenue split is from club’s Annual Review.
Read 43 tweets
Fulham’s financial results for 2019/20 cover a season when they were promoted to the Premier League after just a single year in the Championship, finishing 4th, then winning the play-off under manager Scott Parker. Some thoughts in the following thread #FFC
#FFC pre-tax loss widened from £20m to £48m, as revenue fell £80m (58%) from £138m to £58m, due to relegation to the Championship and the impact of COVID, partly offset by profit on player sales rising £23m to £25m, while expenses were cut £29m (18%). Loss after tax was £45m. Image
#FFC £80m revenue fall was largely driven by broadcasting’s £65m (60%) decrease from £109m to £44m, due to lower TV money in Championship, though commercial also dropped £9m (52%) from £18m to £9m and match day fell £5m (48%) from £11m to £6m. Image
Read 43 tweets
Manchester United have announced financial results for Q3 of 2020/21, incorporating the first 9 months of the season. This covers January to March 2021, so provides further insight into the impact of COVID. Some thoughts in the following thread #MUFC
For Q3 #MUFC pre-tax loss improved from £29m to £23m, despite revenue dropping £5m (4%) to £118m, a £1m loss on player sales and expenses rising £7m (5%). This operational decline was offset by net interest payable falling from £25m to £1m thanks to forex gains.
The main reason that #MUFC revenue only fell 4% in Q3 was £33m increase in broadcasting to £59m, due to return to Champions League, which compensated for COVID influenced reductions in match day, down £28m (95%) to £2m, and commercial, down £10m (15%) to £58m.
Read 35 tweets
Former Liverpool goalkeeper David James as urged his former club to sell Mohamed Salah.

“In my eyes and I’ve said this many times, he might be second in the Golden Boot running, but I think Liverpool play better without Salah."
[Stadium Astro]

#LFC
Cont...

“And the opportunity for Liverpool to maybe cash in on Salah, Jota naturally fits into that front three, Firmino gets more freedom arguably and then Liverpool have a new dynamic up front rather than what seems to be a reliance on Salah’s goals.”
[Stadium Astro]
Cont...

“This is not about Mo Salah not being a good player. His goal record speaks for itself. Similar statistics to someone like (Sergio) Aguero where Pep Guardiola can look at Man City and not need Aguero.
[Stadium Astro]
Read 6 tweets
Mini Anfield Gelugor is ready !!
#YNWA #LFC !! 👍🏻👍🏻💗💗 Image
Pics from last night's "Live Zoom Match Viewing" we had with #PenangReds !! #LFC #YNWA ..1/n ImageImageImageImage
Read 5 tweets
🧵 Pre-match press conference thread Gameweek 37 [Tuesday]

☔️ Aston Villa

📢 Dean Smith on team news: "I’m hopeful Tyrone Mings trains today.

“Morgan (Sanson) is still not available, he’s just got a recurrence of the..."

#fpl #gw37 #CHpressers #fantasypl #avfc #TotAvl
📢 Smith on team news: "...knee injury so he’s out for the last couple of games. Matty Cash the same with his hamstring."

#fpl #gw37 #CHpressers #fantasypl #avfc #TotAvl
📢 Smith asked if Grealish is ready to start: "Jack is training today and then we’ll have a discussion with him after and with the medical staff to decide on the progress of his recovery..."

#fpl #gw37 #CHpressers #fantasypl #avfc #TotAvl
Read 44 tweets
🧵 Quotes thread Blank Gameweek 36 [Sunday]

☔️ Aston Villa

📢 Dean Smith asked if Jack Grealish will start against Spurs or in #GW38: "I’m hopeful [he will start one at least]. He’s pushing, he’s had no reaction in..."

#fpl #bgw36 #CHpressers #fantasypl #gw37 #avfc #TotAvl
📢 Smith asked if Grealish will start against Spurs or in #GW38: "...his first game [against Everton] or today so he’s building those minutes."

#fpl #bgw36 #CHpressers #fantasypl #gw37 #avfc #TotAvl
📢 Smith on Matty Cash: "Cashy will miss the last two games. It is a recurrence of a hamstring injury. Nowhere near as bad as last time but enough to put him out for a couple of weeks."

#fpl #bgw36 #CHpressers #fantasypl #gw37 #avfc #TotAvl
Read 29 tweets
Quick estimate of the revenue earned by English clubs from Europe this season up to the final. This analysis is based on the participation fees, prize money and TV pools from 2019/20 distributions plus the UEFA coefficients for 2020/21 #MCFC #CFC #LFC #MUFC #AFC #THFC #LCFC
#MCFC and #CFC have both earned over €100m after reaching the Champions League final with €120m and €117m respectively, followed by #LFC €89m and #MUFC €76m. Europa League clubs receive significantly less: #AFC €29m after reaching semi-final, #THFC €21m and #LCFC €17m.
#MUFC €76m represents their total earnings from Europe, split into €62m from the Champions League (eliminated at the group stage) and €14m for reaching the Europa League final. Note: they only receive participation fee and UEFA coefficient from the senior competition.
Read 12 tweets
🧵 Pre-match press conference thread Triple Gameweek 35 [Friday]

🤍 Spurs

📢 Ryan Mason: "Ben Davies is the only one that has not been training. Tanguy [Ndombele] and Lucas [Moura] didn't train for the majority..."

#fpl #tgw35 #CHpressers #dgw35 #fantasypl #gw35 #thfc #LeeTot
📢 Mason: "...of last week, they trained the day before the [Sheffield United] game.

"But this week we have had a fully-fit squad."

#fpl #tgw35 #CHpressers #dgw35 #fantasypl #gw35 #thfc #LeeTot
📢 Mason on Gareth Bale: "I can only go on the last two weeks. I experienced playing with him as well. He's a top professional. He's happy and I'm happy and that's important..."

#fpl #tgw35 #CHpressers #dgw35 #fantasypl #gw35 #thfc #LeeTot
Read 66 tweets
The spark for the protest by Manchester United fans at Old Trafford might have been the deeply unpopular Super League, but it also highlighted an underlying unhappiness with the club’s owners, so I thought it might be interesting to look at the finances under the Glazers #MUFC
The Glazers took control of #MUFC back in June 2005 via a £550m leveraged buyout, so their first full season in control was 2005/06. Therefore, this review will look at the 15 seasons since then, up to 2019/20.
In the last 15 years #MUFC have generated an impressive £5.9 bln revenue, but had £5.4 bln expenses (including £2.9 bln wages and £1 bln player amortisation), leading to £467m operating profit. This was boosted by £257m profit on player sales, but £817m interest meant £92m loss.
Read 32 tweets
Liverpool’s 2019/20 financial results covered a season when they won the Premier League, UEFA Super Cup and FIFA Club World Cup, but were eliminated in the last 16 of the Champions League. Finances adversely impacted by the pandemic. Some thoughts in the following thread #LFC
#LFC swung from £42m profit before tax to £46m loss, as impact of COVID-19 resulted in revenue falling £43m (8%) from £533m to £490m, while expenses increased £31m (6%). Profit on player sales fell £18m to £27m, but £4m gain from sale of Melwood. Loss after tax was £39m.
The main driver of the #LFC revenue reduction was broadcasting, which fell £59m (23%) from £261m to £202m, while match day dropped £13m (16%) from £84m to £71m. This was partially offset by commercial rising £29m (16%) from £188m to £217m.
Read 47 tweets
Liverpool publish 2020 results: Headlines
Revenue down 8% to £490m
Wages up 5% to £326m
Net transfer spend zero
Net debt (borrowings less cash) up £28m to £119m #LFC
Overall revenue down but only goes to 31 May and includes 31 PL matches, which will bounce back in 2020/21 as more broadcast income from more matches #LFC still 2nd highest revenues in PL
Matchday income down due to closed stadium and lockdown. Would have been a record amount had it not been for Covid. LFC have 31 May year end, some other clubs have 30 June or 31 July so squeezed in more matches.
Read 15 tweets
Aston Villa’s 2019/20 financial results covered the season following promotion, when they retained their Premier League status by finishing 17th and also reached the Carabao Cup final. Second season after Nassef Sawiris and Wes Edens acquired the club. Some thoughts follow #AVFC
Despite promotion #AVFC loss widened from £69m to £99m. Revenue more than doubled from £54m to £113m, though profit on player sales fell £11m to a small negative result, while investment in the squad to compete in the Premier League increased expenses by £76m (55%).
Main driver of the #AVFC £58m revenue increase was broadcasting, up £56m from £22m to £78m, due to the much more lucrative Premier League TV deal, though commercial also rose £4m to £21m, while player loans were up £1m to £2m. However, gate receipts were down £2m (13%) to £11m.
Read 41 tweets
No sooner had a European Super League (ESL) been announced than the plans were shelved, at least for the time being, but what were the factors that drove the 12 breakaway clubs to this deeply unpopular move? As usual, it was all about money, a combination of fear and greed.
Whether football is broken is debatable, but there is little doubt that many of the 12 Super League clubs are facing serious financial problems. To some extent, this helps explain why the “dirty dozen” would seek more revenue, but does not excuse this horribly ill-conceived plan.
You don’t have to look too far to see the seriousness of the financial predicament with pre-tax losses of the 12 ESL clubs adding up to a worrying £667m, even before #LFC announce their results. Three of them lost more than £100m: #Milan £169m, #MCFC £125m and #FCBarcelona £112m.
Read 49 tweets
🧵 Pre-match press conference thread Blank Gameweek 33 [Friday]

🇦🇷 Leeds

📢 Marcelo Bielsa: "With Raphinha, we are controlling his evolution on a daily basis. And up until now, he hasn't recovered sufficiently to be..."

#fpl #bgw33 #CHpressers #fantasypl #gw33 #lufc #LeeMun
📢 Bielsa on Raphinha: "...able to train again."

#fpl #bgw33 #CHpressers #fantasypl #gw33 #lufc #LeeMun
📢 Bielsa: "Rodrigo is in the last stages of his recovery but not well enough to feature this weekend."

#fpl #bgw33 #CHpressers #fantasypl #gw33 #lufc #LeeMun
Read 46 tweets
After news of the European Super League broke, the estimated earnings of clubs from the Big Five leagues in the 2020/21 Champions League might seem a little bit “after the Lord Mayor’s show”, but here’s an analysis up to the semi-finals in any case.
I should emphasise that these figures can only be considered as indicative. They are based on UEFA’s revenue distribution guidelines, but also include estimates for the TV pool and rebates to broadcasters following losses caused by the COVID-19 pandemic.
Based on my assumptions, the top 10 TV earnings from the Champions League up to the semi-finals are: #PSG €109m, #RealMadrid €109m, #MCFC €104m, #CFC €101m, #FCBayern €92m, #LFC €88m, #FCBarcelona €84m, #Juventus €82m, #BVB €78m and #Atleti €74m.
Read 20 tweets
#ReadingFC 2018/19 financial results covered a season when the #Royals finished 14th in the Championship. Manager José Gomes was replaced in October 2019 by Mark Bowen, who has since been succeeded by Veljko Paunovic. Some thoughts in the following thread.
This was the third 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. Bowen said, “He has spent a hell of a lot of money on the club and still wants to spend money.” Image
#ReadingFC loss increased from £30m to £42m, largely due to no repeat of prior year’s £8m from sale of the training ground and £2m other operating income. Revenue dropped £3m (16%) from £21m to £18m, while profit on player sales fell £0.8m to £1.6m. Expenses cut £2m (3%). Image
Read 41 tweets
Manchester City’s 2019/20 financial results covered a season when they finished runners-up in the Premier League, reached the semi-finals of the FA Cup and the quarter-finals of the Champions League, and won the League Cup. Some thoughts in the following thread #MCFC
#MCFC swung from £10m profit before tax to £125m loss, as the impact of the COVID-19 pandemic resulted in revenue falling £57m (11%) from £535m to £478m, while expenses increased £81m (14%). Profit on player sales was up £1m to £40m. Loss after tax was £126m.
The main driver of the #MCFC revenue reduction was broadcasting, which fell £63m (25%) from £253m to £190m, while match day dropped £13m (24%) from £55m to £42m. This was partially offset by commercial rising £19m (9%) from £227m to £246m.
Read 43 tweets
Sheffield United’s 2019/20 financial results covered a season when they finished 9th in the Premier League following promotion and reached the FA Cup quarter-finals, which was described by the club as “a respectable achievement”. Some thoughts follow #SUFC #twitterblades
This is the first 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.
Following promotion #SUFC swung from £21m pre-tax loss to £19m profit, a £40m improvement, as revenue shot up £122m from £21m to club record £143m, though profit on player sales fell £10m to £4m and competing in the Premier League increased expenses by £72m. Profit after tax £18m
Read 40 tweets
Quick look at the UEFA Champions League and Europa League 2020/21 revenue distributions for English clubs as at the quarter-final stage. Analysis of the amounts earned to date in the following thread #MCFC #LFC #CFC #MUFC #AFC #THFC #LCFC
I should emphasise that these figures are only indicative. They are based on UEFA’s revenue distribution guidelines, but also include some assumptions for the TV pool and rebates to broadcasters following losses caused by the COVID-19 pandemic.
As it stands (at quarter-final stage), English clubs have earned the following amounts from Europe: #MCFC €92m, #LFC €90m, #CFC €89m, #MUFC €68m, #AFC €25m, #THFC €20m and #LCFC €17m. In the case of Manchester United, their figure is Champions and Europa League combined. Image
Read 18 tweets
Wolverhampton Wanderers 2019/20 financial results cover a season when they finished 7th in the Premier League for the second year in a row and reached the Europa League quarter-finals, but finances were significantly impacted by COVID-19. Some thoughts follow #WWFC
Since being bought by Chinese investment group Fosun International in July 2016, #WWFC is a club transformed, helped by a close relationship with super-agent Jorge Mendes. Under charismatic manager Nuno Espirito Santo, Wolves can realistically compete for European qualification.
#WWFC swung from £20m profit before tax to £40m loss, as the pandemic led to revenue dropping £40m (23%) from £173m to £133m and profit on player sales fell £2m to £10m, while expenses rose £18m (11%), mainly due to investment in the squad. Loss after tax £39m.
Read 43 tweets
Arsenal’s 2019/20 financial results covered a season when they finished 8th in the Premier League, won the FA Cup and reached Europa League last 32. Head coach Unai Emery was replaced by Mikel Arteta in December. Finances adversely impacted by COVID-19. Some thoughts follow #AFC
#AFC loss before tax loss widened from £32m to £54m, as revenue dropped £51m (13%) from £395m to £343m and expenses grew £18m (4%), offset by profit on player sales rising £48m from £12m to £60m. The loss after tax increased from £27m to £48m.
Impacted by COVID, broadcasting fell £64m (35%) from £183m to £119m and match day dropped £17m (18%) from £96m to £79m. In contrast, commercial rose £31m (28%) from £111m to £142m, thanks to new sponsorship deals. Player loans were down £1m to £3m.
Read 51 tweets
🧵 Pre-match press conference thread Double Gameweek 26 [Friday]

☔️ Aston Villa

📢 Dean Smith on Jack Grealish: "He’s getting better. He won’t be ready for tomorrow but he’s getting better.

"As I said last week..."

#fpl #dgw26 #CHpressers #gw26 #avfc #LeeAvl #fantasypl
📢 Smith on Grealish: "...there’s been an awful lot of speculation where Jack is involved.

"People speculated how long he’s going to be out for – I’m not sure how they can do that when I don’t know, the doctor doesn’t..."

#fpl #dgw26 #CHpressers #gw26 #avfc #LeeAvl #fantasypl
📢 Smith on Grealish: "...know and Jack doesn’t know.

"I was very vague last week because it’s a bit of a strange injury.

"Jack could be back to play against Sheffield United next Tuesday or Wolves next week..."

#fpl #dgw26 #CHpressers #gw26 #avfc #LeeAvl #fantasypl
Read 87 tweets

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