Discover and read the best of Twitter Threads about #MCFC

Most recents (24)

#RealMadrid 2021/22 accounts cover a season when they won La Liga, the Champions League and the Supercopa de Espana . Their finances benefited from the effects of COVID “gradually subsiding” and the consequent return of fans to the stadium. Some thoughts in the following thread.
#RealMadrid pre-tax profit improved from €1.7m to €20.2m (€12.9m after tax), as revenue rose €69m (10%) from €653m to €722m, though profit from player sales fell €44m to €62m and operating expenses shot up €323m (43%). Boosted by €316m capital gain from Sixth Street. Image
#RealMadrid have sold 30% of some new revenue from the Santiago Bernabéu stadium for 20 years to Sixth Street/Legends in exchange for €360m. Sixth Street are an investment firm, while Legends specialise in the management of stadiums and organisation of events.
Read 46 tweets
Manchester United’s 2021/22 accounts cover a season when they finished 6th in the Premier League and were eliminated in the last 16 of the Champions League. Manager Ole Gunnar Solskjaer was replaced by Ralf Rangnick, since succeeded by Erik ten Hag. Some thoughts follow #MUFC
#MUFC pre-tax loss shot up from £24m to £150m, despite revenue rising £89m (18%) from £494m to £583m, thanks to recovery from COVID and return of fans to the stadium, plus profit on player sales increasing £15m to £22m, as expenses rose £154m (29%) after investment in the squad.
#MUFC operational decline was exacerbated by the impact of the weakening of Sterling on non-cash finance costs, as unrealised forex losses on unhedged USD borrowings meant that net interest experienced an adverse swing of £75m from £13m recoverable prior year to £62m payable.
Read 47 tweets
The Premier League has published details of the TV payments to clubs for the 2021/22 season. These amounted to £2.5 bln, ranging from £153m for champions #MCFC to £101m for 20th placed #NCFC (the first time the bottom club got more than £100m).
The largest increases compared to the previous season came at #BHAFC, up £16m, and #AFC, up £11m. In contrast, three clubs received over £10m less than 2020/21: #LUFC £17m, #EFC £13m and #LCFC £11m.
Each of the 20 Premier League clubs received £87.5m as an equal share, coming from domestic rights £31.8m, overseas rights £48.9m and commercial revenue £6.8m.
Read 9 tweets
In advance of football clubs starting to publish their accounts for the 2021/22 season, I thought it might be helpful to share some 2-page financial overviews for each of the Premier League clubs for 2020/21, including a comparison against prior year and a 5-year graphical trend.
These overviews also include Premier League rankings for each of the main financial categories, e.g. which club had the highest profit, loss, revenue, wages, debt, transfer spend, etc in 2020/21.
One caveat with these figures is that revenue was significantly impacted by COVID in 2020/21 with match day reduced to almost zero, as games were played behind closed doors, while some broadcasting income was deferred from 2019/20 for matches played after the accounting close.
Read 24 tweets
#PremierLeague last 5 seasons breakdown of transfers netspend, expenditure and sales with every team broken down (25 long thread)

First Netspend for the last 5 seasons:

#MUFC top the netspend chart with £580m Net
While 4 London clubs after sitting between £350m to £450m
Purchases over the last 5 seasons:
#CFC #MUFC & #MCFC top the purchases charts
Sales over the last 5 seasons:

#ChelseaFC and #MCFC absolutely top the last 5 seasons with with both in that £500m mark
Read 26 tweets
#PremierLeague transfer expenditure, sales and net all combined for 2022 Summer Window -

Lets start with the 2022/23 Summer Net Spend:
#PremierLeague broke a few records this window. ⬛️With near £2.2bn spent and a
⬛️NetSpend of £1.24bn 📈
#PremierLeague 2022/23 Summer windows player purchases

#CFC #MUFC #WHUFC #Tottenham #NottinghamForest top the charts here all spending over £140m with 10 teams in total over £100m
Read 5 tweets
As we near the end of the transfer window, some fans ask why their club has not splashed more cash on bringing in new players, despite generating significant revenue. This thread will look at where the money goes by analysing the last 5 years for the Big Six Premier League clubs.
This analysis will look at the source and use of funds for the 5 years up to 2021 (most recently published accounts). We will remove pure accounting entries, such as player amortisation and profit on player sales, but incorporate all cash movements to give a “real world” view.
The Big Six Premier League clubs had £17.6 bln available funds, ranging from £3.2 bln for #MCFC & #MUFC to £2.5 bln for #AFC. Main driver is obviously £13.6 bln revenue with 57% (£7.8bln) going on wages. Net transfer spend is £2.3 bln: purchases £4.3 bln less £2.0 bln sales.
Read 34 tweets
Following Bayern Munich’s imperious start to the season, on the back of 10 Bundesliga titles in a row, I thought it might be interesting to look at their finances, even though it’s been a while since they published their 2020/21 accounts #FCBayern
Despite the significant impact of COVID, #FCBayern “achieved sound financial results”, once again posting a pre-tax profit, though down from €17m to €5m (€2m after tax). Revenue (club definition) fell €54m (8%) from €698m to €644m, largely offset by €42m cut in expenses.
#FCBayern revenue hit by COVID driven reductions in match day, down €59m (83%) to €12m, and commercial, down €15m (4%) to €345m, while transfer income dropped €31m to €33m. Broadcasting rose €51m (25%) to €255m, mainly due to money deferred from extended 2019/20 season.
Read 42 tweets
🧵 Pre-match press conference thread Gameweek 4 [Friday]

ℹ️ Team news, injury updates, player availability, manager quotes & anything else relevant to Fantasy Premier League from the pressers ahead of the deadline ⬇️

#fpl #gw4

free-to-read article: drafthound.link/gw4-pre-match-…
🏰 Newcastle

📢 Eddie Howe on Wilson: "We don't believe his injury to be serious and we're hopeful he'll only be out for a couple of weeks.

"I back Callum 100 per cent. I've known him a long time and I've never met someone with a better..."

#fpl #gw4 #nufc #WolNew #fantasypl
📢 Howe on Wilson: "...attitude. I back him and his body. He's such an important part of our future and this season he's already shown that with the goals that he's scored - the two goals he's scored have been of the highest level..."

#fpl #gw4 #nufc #WolNew #fantasypl
Read 51 tweets
Arsenal fans will be delighted with the team’s good start to the season, so are probably unconcerned about the financial implications of their player recruitment, but it is maybe worth looking at whether there will be any issues with Financial Fair Play (FFP) regulations #AFC
As it stands, #AFC have spent a hefty £270m gross on transfers in the last 2 seasons, only surpassed by #CFC £288m, but ahead of #MUFC £255m, #MCFC £231m, #THFC £194m and #LFC £156m (though both #CFC and #MUFC will probably spend more on new players before the window closes).
Even more incredibly, #AFC net transfer spend of £218m is the highest of the Big Six in the last 2 seasons, just ahead of #CFC £217m. That is a fairly remarkable statistic for a club that has not competed in the lucrative Champions League since 2017.
Read 52 tweets
After Manchester United’s awful start to the season, the focus has once again turned to the Glazers. This thread will look at some of the reasons why the club’s fans might be unhappy with their owners – from a financial perspective #MUFC
#MUFC are the only Premier League club to pay dividends to their shareholders, mainly the Glazers. Since 2016 they have paid a hefty £166m, averaging £22m a year. Note: the high £33m payment in 2021/22 included including £11m delayed from 2020/21. Image
Although it has fallen from its (sizeable) peak, #MUFC £21m interest payment in 2020/21 was still the highest in the Premier League. United have now paid a staggering three-quarters of a billion pounds (£743m) in interest since the Glazers’ leveraged buy-out in 2005. ImageImage
Read 27 tweets
*deep breath*

I know there’s a huge debate over ‘This is all the Glazers fault’ v ‘You can’t keep blaming the owners’ which was kinda Redknapp v Neville on Saturday night…..

Let’s be clear: Joel Glazer isn’t responsible for David de Gea chucking the ball in his net…..
Nor is he responsible for Erik ten Hag signing a 5’ 9” centre half, playing Eriksen as a false 9…..these are individual errors, coaching mistakes.

However, leadership is about the culture you create

So let’s break down the culture the Glazers have at #MUFC…..
1) It’s opaque and unaccountable

No-one ever has to answer for the numerous errors. They never do media, they abolished the AGM. They rule like a absolute monarch, with divine right. And pretty much everyone who deals with plc culture would agree that’s a recipe for failure…
Read 20 tweets
Chelsea have been spending big in this summer’s transfer window with their outlay likely to be well over £200m by deadline day. This thread will look at the financial implications and explain how #CFC can still be in line with Financial Fair Play (FFP) regulations.
#CFC new owner Todd Boehly is well aware of the challenge: “FFP is starting to get some teeth and that will limit the ability to acquire players at any price. That could mean financial penalties and disqualification from sporting competitions.”
#CFC spending ability is limited by the Premier League Profitability and Sustainability (P&S) 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.
Read 47 tweets
Big week as Chelsea pursue Frenkie de Jong and Wesley Fofana. Clarity on FDJ future expected within the next 48 hours. FDJ still doesn’t want to take a pay cut opening the door to #CFC. #MUFC have all but given up.
Chelsea are optimistic on an agreement for just over €80m, slightly lower than #MUFC’s offer but not by much. Todd Boehly has spoken to FDJ directly. #CFC won’t place the formal bid unless the player commits to the move. Chelsea pushing but FDJ still saying he wants to stay.
As previously reported, Barca want the fee and wage space so they can move on Bernardo Silva. Silva wants the move. Nothing agreed with #MCFC yet.
Read 8 tweets
When Newcastle United were bought by a consortium led by Saudi Arabia’s Public Investment Fund, the expectation was that #NUFC would splash out on players, due to the enormous wealth of the new owners, but that hasn’t really been the case. So why is the club not spending big?
#NUFC manager Eddie Howe gave this answer: “Financial Fair Play impacts us and will continue to impact us for a number of years. We haven't got the free rein that maybe has been perceived within the media, that we can go and sign who we want and pay extortionate fees and wages.”
Despite the fact that #NUFC new owners had stated that their ambition was to win the Premier League in “five to ten years”, Howe sounded a note of caution, “We’re having to be creative and smart and try and make the right additions within the financial constraints that we have.”
Read 43 tweets
PREMIER LEAGUE 2022 - 2023.

A escasos días de comenzar una nueva edición de la mejor liga del mundo con tres nuevos equipos, vamos a ver qué 20 equipos participan en esta nueva temporada, quiénes son sus estrellas, sus estadios y mucho más.

¡Dentro hilo! 🧵⬇️
He elaborado una leyenda para esquematizar todo.

Añadiré los siguientes emojis después de cada presentación:

• 🏟️: Estadio (capacidad)
• 📍: Ciudad.
• ©️: Capitán.
• ⭐: Estrella.
• 👶🏻: Joven promesa.
• 💰: Fichaje más caro (precio)
• 👨🏻‍🏫: Entrenador (nacionalidad)
1 - Bournemouth: 🍒
Regresan tras descender en 2020 y no subir en 2021.

• 🏟️: Vitality Stadium (11.329)
• 📍: Bournemouth.
• ©️: Lloyd Kelly.
• ⭐: Dominic Solanke.
• 👶🏻: Marcus Tavernier.
• 💰: Marcus Tavernier (11,9 millones)
• 👨🏻‍🏫: Scott Parker (🏴󠁧󠁢󠁥󠁮󠁧󠁿)

#AFCBournemouth
Read 23 tweets
Barcelona want around €80m for Frenkie de Jong having previously agreed a slightly higher €85m deal with #MUFC. #CFC are now in direct talks. De Jong has been consistent that he wants to stay but refused to take a pay cut. He is more open to Stamford Bridge than Old Trafford.
As previously reported, Barcelona will need to explicitly tell de Jong he’s not wanted and must leave, and Chelsea have asked for guarantees if they move the saga won’t drag on. Unlike #MUFC they will get player buy in early if things progress.
Barca really want Bernardo Silva, and need the de Jong transfer fee and squad space to make that happen.
Read 8 tweets
In football money often talks, i.e. success on the pitch is almost invariably reserved for clubs that have spent the most on wages and transfer fees. However, it might be interesting to see which clubs have performed the best (and indeed worst) relative to their budget.
This thread will therefore look at how teams in the Premier League in 2021/22 performed relative to their wages, combined wages/player amortisation and squad cost. This is not an exact science, but just a bit of fun, as there are a few caveats to an analysis of this type.
First, I have used financial figures from the most recent published accounts, i.e. from 2020/21, so these are a year out of date compared to 2021/22 league position. Moreover, the last figures available for the 3 promoted clubs are from the Championship, so are under-stated.
Read 27 tweets
As a follow-up to yesterday’s thread on how the “Big Six” in the Premier League fared during the COVID era, here is an alternative view for each club. I’ve also added a few other clubs which needed more financial support over the two years of the pandemic (2019/20 and 2020/21).
#AFC posted a huge £181m pre-tax loss, though this was inflated by interest payable including a once-off £32m refinancing fee, as around £200m external bonds were redeemed and replaced by a loan from Stan Kroenke. Net cash outflow of £148m was funded by reduction in cash balance.
#CFC enormous £294m operating loss was partially offset by £171m profit from player sales, but they still made £120m pre-tax loss. However, net cash outflow was restricted to £20m, mainly due to relatively low net player purchases plus £50m share capital from Roman Abramovich.
Read 15 tweets
While it is obvious that football clubs have suffered over the last two years due to the impact of COVID, I thought it might be interesting to look at how their finances have been impacted, both in terms of the profit and loss account, but also the important cash flow statement.
For the purpose of illustrating the effect of the pandemic, I have looked at the Big Six Premier League clubs, comparing the numbers for the last two sets of published accounts (2019/20 and 2020/21) with those reported for the preceding two seasons (2017/18 and 2018/19).
Most fans will understandably focus on a club’s profit and loss account, particularly revenue and wages, but the cash flow statement will also incorporate the money spent on players and infrastructure, thus providing a more complete picture.
Read 51 tweets
A thread on Last 5 season Top 6 comparison #NetSpend head to head.

Plus individual NetSpend per team for the last 5 seasons

#MCFC, #LiverpoolFC, #MUFC, #Arsenal, #Chelsea, #Spurs
Average spend, purchases and NetSpend per year for the last 5 seasons
Further break down of total Sales/Purchases/NetSpend side by side over the last 5 seasons
Read 10 tweets
#FCBarcelona have announced the signing of Rapinha from #LUFC for €58m, while a deal to acquire Robert Lewandowski from Bayern Munich for €50m is agreed in principle. The question is how can they possibly afford these players, given their well-documented financial problems?
Only last month president Joan Laporta compared #FCBarcelona to a patient who “was practically dead in financial terms”, while the vice-president for finance Eduard Romeu said that €500m was needed “to save the club”.
This was not surprising, given the magnitude of #FCBarcelona’s financial issues. Although things have moved on since the most recent accounts for the 2020/21 season, it’s worth reviewing these to explain why so many fans are scratching their head at this summer’s spending.
Read 47 tweets
It is 20 years this summer since the Etihad - or City of Manchester Stadium - as it was known opened its doors.

But what happened when #MCFC turned off the lights at Maine Road for the final time?

A thread... 🧵 ImageImage
Moss Side-born artist Andrew Matthews recalls living around Maine Road:

"You had to be quite streetwise growing up in Moss Side, I suppose. It was a proper community – and the place would come alive on Saturdays if City were playing.” ImageImage
20 years on, it is now a housing estate known as Maine Place, incorporating more than 300 properties and designed around a crescent called Blue Moon Way.

The developers were supposed to paint the crescent blue but, all these years later, nobody seems to know anything about it. Image
Read 6 tweets
Manchester City selling key players as well as buying them sees a 2022 refresh for Pep Guardiola's side. This weekend's Morning Star column. #MCFC Image
Man City could look different next season, partly due to new players but also maybe bigger roles for Foden and Grealish too. Article online here. morningstaronline.co.uk/article/s/manc…
This weekend's paper also contains a copy of the @CountryStandard and a guide to the @TolpuddleFest Image
Read 4 tweets

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