Discover and read the best of Twitter Threads about #NUFC

Most recents (24)

A previous thread explained the differences between a football club’s profit and loss account and its cash flow statement, as it is important to understand where the money has been spent. This thread will look at how this works for each of the 20 Premier League clubs in 2017/18.
#AFC went from £52m operating profit to £42m operating loss, due to lower revenue after failing to qualify for the Champions League, compounded by higher wages and player amortisation plus Wenger pay-off. However, £120m profit on player sales resulted in £70m profit before tax.
#AFC cash flow boosted by favourable £58m movement in working capital (increase in creditors). Spent £29m (net) on players (purchases £110m, sales £81m). Paid £20m for Emirates loan (£11m interest & £9m debt) plus £12m tax. Net cash inflow of £51m was highest in Premier League.
Read 42 tweets
One of the questions most frequently asked by football fans is “Where’s all the money gone?” The answer is only partly found in a club’s profit and loss account, so we need to also look at the cash flow statement to get the full picture. Some thoughts in the following thread.
A club’s profit and loss account is easy to understand, as it is basically revenue less expenses (mainly player wages), but this is an accounting profit based on the accruals concept, which can be very different from actual cash movements.
This is important, as the main reason that football clubs fail is cash flow problems. It does not matter how large your revenue is (or your profits are), if you do not have the cash to pay your players, suppliers or indeed the taxman, then you will find yourself in trouble.
Read 39 tweets
We get every Premier League player to sit down on camera and say how they want their name pronounced - and there’s LOADS I did wrong. So here’s a thread so you don’t make the same mistakes I did!
First of all - Norwich City’s Teemu Pukki. His first name is actually pronounced ‘TAY-mu’ #ncfc
How about Chelsea’s #USMNT star Christian Pulisic? His surname is ‘puh-LISS-ick’, no Eastern European style ‘itch’ on the end #CFC
Read 11 tweets
There is much talk about the so-called “Big Six” pulling away from the rest of the Premier League financially, but is this actually true? This thread looks at this question from the perspective of revenue, wages and total player costs #AFC #CFC #LFC #MCFC #MUFC #THFC
For the purpose of this analysis, we will take the 7th highest club in terms of revenue and wages for each season between 2010 and 2018. This means that the 7th placed club is not always the same. For example, for the last 4 seasons’ revenue this was #EFC, #LCFC, #WHUFC & #NUFC.
The highest revenue in the 2018 Premier League was #MUFC £590m, followed by #MCFC £503m, #LFC £455m, #CFC £448m, #AFC £389m, #THFC £379m and #EFC £189m. The highest growth since 2010 came at #MCFC with £378m (or 300%).
Read 20 tweets
Football is finally back. Premier League Predictions thread: #PL
20. Steve Bruce is just such an underwhelming appointment. ASM and Joelinton have a lot of potential but relying on them this early in their PL careers seems a risk. If Newcastle do stay up, I have a feeling they’ll get Arab owners soon. The fans would deserve it. #NUFC
19 Crystal Palace. Without Batshuayi and AWB a gaping hole in the team has been left. Relying on a Ayew and Camarasa (he’s decent) isn’t the brightest decision. What kind of mood will Zaha be in? This and Hodgsons experience may be the last hope for Palace. #CPFC
Read 22 tweets
In preparation for the upcoming 2018/19 Premier League season, I thought that it might be interesting to look at the transfer spend over the last decade, including the growing impact on debt. The analysis is split between 3 periods: last 3 years, last 5 years and last 10 years.
The transfer fees spend is taken from the clubs’ cash flow statements, as this is the only completely accurate source of data. However, it is worth noting that this does not always represent the full cost of transfers, due to the (increasing) use of stage payments.
In the very few cases where a cash flow statement was not available, e.g. if a club only published abbreviated accounts while they were in lower leagues, I have taken data for those years from the Transfermarkt website.
Read 24 tweets
My final thoughts on Rafa Benitez at #NUFC:

(THREAD)

1/18
In 2015, Mike Ashley appointed Steve McClaren the manager of #NUFC.

He handed him over £80m in incoming transfers.

However, the first-team squad was an utter disaster.

Did you realize that Coloccini, Colback, and Gabriel Obertan started the first match of that season?

2/18
After a predictably horrendous start to the season, #NUFC were desperate to avoid relegation.

Desperation is when Mike Ashley acts.

He hired the greatest manager Tyneside had seen since Sir Bobby.

Rafa was brought in as Ashley's fixer.

3/18
Read 20 tweets
We need to talk about that Mike Ashley Daily Mail interview…

#NUFC
The timing's very curious – published on the day his company was branded a “total and utter shambles” as it finally released its repeatedly delayed financial results and it emerged it had been hit with an unexpected £600m tax bill #NUFC
But there’s also the fact that it’s riddled with totally unchallenged nonsense claims from Ashley. And, what’s worse, is that a lot of them are the same old claims #NUFC
Read 27 tweets
So, it looks as though TSG Hoffenheim forward Joelinton is set to join #NUFC in a €40 million move.

@JoeDonnohue has put together this thread on the Brazilian's profile, style of play and what to expect, should he complete his surprise transfer:

1/10
🇧🇷 Joelinton

• 22 years-old
• 1.86m
• Centre-forward

Firstly, some background; Joelinton has spent the past season with TSG Hoffenheim in the Bundesliga, after a loan spell in the Austrian Bundesliga with SK Rapid Vienna the previous season.

2/10
Joelinton in all competitions for TSG Hoffenheim in 2018-19:

• 35 games
• 11 goals
• 9 assists

Playing under the exciting Julian Nagelsmann at Hoffenheim, he emerged as one of the Bundesliga's breakout stars last season. He is a player with a well-rounded profile.

3/10
Read 10 tweets
A thread here on Steve Bruce, what it means for Sheffield Wednesday and why, however this is spun in his and/or Newcastle's favour in the national media, his actions could have ruined the season before it's begun. #swfc #nufc
By leaving Wednesday, Steve Bruce has chosen to give up one of the safest jobs in the league. He had the unanimous support of the fan base, and of the club's owner. But he's a "local lad from Newcastle", so he had no choice? #swfc #nufc
Except Bruce has said no to Newcastle twice before, and chose to manage Sunderland. Most were well aware of his "loyalty issues." But for him to jump ship after just 18 games, after the club allowed him a month to watch England in the Windies, is going to rankle. #swfc #nufc
Read 22 tweets
Sunderland’s 2017/18 financial results covered a second successive relegation. Having finished bottom of the Premier League in 2016/17, they repeated this feat in the Championship to drop into League One. Some thoughts in the following thread #SAFC
This was the last season under former owner Ellis Short before Stewart Donald bought the club in May 2018. Since then, the financial picture at #SAFC has greatly changed, but it is still instructive to look at these financials to understand the reasons for their fall from grace.
Following relegation #SAFC loss almost doubled from £10.2m to £19.9m, as revenue basically halved from £123.5m to £63.7m and profit on player sales fell £26.5m to £6.6m. Offset by once-offs: £8.2m profit on sale of Charlie Hurley Centre; no repeat of 16/17 £9.7m Alvarez payment.
Read 45 tweets
With Aston Villa and Derby County facing each other in today’s Championship play-off final for promotion to the Premier League, let’s take a closer look at what has been described as the most lucrative match in world football. Some thoughts in the following thread #AVFC #DCFC
The Championship play-off winners will receive nearly £180m TV money over the next 3 seasons: at least £97m from the Premier League in 2019/20 (based on 20th place), then £78m parachute payments (2 years if relegated after one season in the PL) plus £5m EFL distribution.
The losers of the Championship play-off will receive around £20m over next 3 seasons: £13.5m Premier League solidarity payments (£4.5m a year) plus £6.9m EFL central distribution (£2.3m a year). So the difference between winning and losing this match is £160m (£180m less £20m).
Read 15 tweets
Newcastle United’s 2017/18 financial results reflect their promotion after a single season in the Championship. Managing director Lee Charnley said, “A 10th placed finish in our first season back in the Premier League was a fantastic achievement.” Some thoughts follow #nufc
#NUFC promotion brought the club back to “a healthy financial position”, moving from £47m loss before tax to £23m profit, as revenue more than doubled from £86m to a record £178m and no repeat of prior year £32m exceptional costs: £10m promotion bonus & £22m onerous contracts.
#NUFC £93m revenue growth very largely driven by broadcasting’s £79m increase to £126m, reflecting vastly higher TV money in the Premier League, while commercial also increased £13m (90%) to £28m, but match day flat at £24m. However, profit on player sales dropped £39m to £4m.
Read 48 tweets
Crystal Palace’s 2017/18 financial results covered their 5th consecutive season in the Premier League, when they finished “in a very creditable” 11th place. Roy Hodgson replaced Frank De Boer as manager in September 2017. Some thoughts in the following thread #CPFC
#CPFC posted a £35.5m loss before tax, compared to an £11.8m profit the prior year, mainly due to profit on player sales falling £32m to just £2m, though revenue grew £7.6m (5%) from £142.7m to a club record £150.3m. Loss after tax was £33.4m, thanks to a £2.1m tax credit.
#CPFC £8m revenue growth was very largely driven by broadcasting’s £4m (4%) increase from £117m to £121m, mainly due to increased prize money for finishing 11th, while commercial also increased £3.1m (21%) from £15.2m to £18.3m and match day was up £0.3m (2%) to £10.9m.
Read 38 tweets
Southampton’s 2017/18 financial results covered a season when they finished 17th in the Premier League and reached the FA Cup semi-finals, much worse than previous season (8th place in PL, competed in the Europa League and got to the EFL Cup final). Some thoughts follow #SaintsFC
Although #SaintsFC directors described the season as “disappointing”, they were “pleased to report another year of positive financial performance.” This was the first season under the ownership of Lander Sports (UK), controlled by Chinese businessman Jisheng Gao.
#SaintsFC pre-tax profit fell from £42m to £35m, as revenue dropped 16% (£30m) to £153m, due to the poor performance on the pitch, though this was largely offset by profit on player sales increasing by £27m to £69m. Profit after tax was down from £34m to £29m.
Read 38 tweets
Aston Villa’s 2017/18 financial results covered their second season in the Championship with Tony Xia as chairman following relegation from the Premier League. They finished 4th, but narrowly missed out on promotion after losing in the play-off final. Some thoughts follow #AVFC
Following that defeat, #AVFC “experienced significant liquidity problems”, including a missed tax payment to HMRC, which led to a rescue by billionaire businessmen Nassef Sawiris and Wes Edens, who injected £68m of funding with NSWE SCS becoming the club’s controlling owners.
#AVFC loss increased by £21m from £15m to £36m, as revenue dropped £5m (7%) from £74m to £69m and profit on player sales fell £11m from £27m to £16m. On the other hand, the club received £3m compensation for HS2 rail project, which will go through part of the training ground.
Read 42 tweets
Leicester City’s 2017/18 financial results covered a season when they finished 9th in the Premier League and reached the quarter-finals in both domestic cups. Claude Puel replaced Craig Shakespeare as manager in October. Some thoughts in the following thread #LCFC
#LCFC profit before tax significantly decreased from a record £92m to £2m (profit after tax down from £80m to £1m), as revenue fell by around a third (£74m) from £233m to £159m, because there was no repeat of the unprecedented 2016/17 Champions League participation.
The #LCFC revenue decline was driven by broadcasting income’s £67m (35%) decrease to £124m, mainly due to £70m from the Champions League in the prior season. For much the same reason, gate receipts fell £4m (22%) to £13m, while commercial income was also £4m (15%) lower at £22m.
Read 39 tweets
Wolverhampton Wanderers 2017/18 financial results covered a successful season, when the club was promoted to the Premier League as champions after a six-year absence, led by head coach Nuno Espirito Santo under the ownership of Fosun International. Some thoughts follow #WWFC
#WWFC loss shot up from £23m to a breathtaking £57m, largely due to increased expenditure on players and wages plus an estimated £20m on bonuses and additional transfer fee payments following promotion.
#WWFC revenue rose 11% (£2.6m) from £23.8m to £26.4m, as commercial increased £1.4m (15%) to £10.6m and gate receipts were up £1.3m (20%) to £7.8m, but broadcasting was flat at £8.0m. Profit on player sales was £5.9m higher at £8.1m.
Read 39 tweets
Middlesbrough’s 2017/18 financial results covered the season after relegation from the Premier League when they reached the Championship play-offs by finishing 5th before losing in the semi-finals. Tony Pulis replaced Garry Monk as manager in December. Some thoughts follow #Boro
Following relegation #Boro moved from a pre-tax £6.9m profit to a £6.4m loss, as revenue halved from £121m to £62m, though profit on player sales was up £4m to £15m. After tax, the decline was even steeper (from £11.5m profit to £6.6m loss), due to prior year’s £4.6m tax credit.
#Boro £59m revenue decline was very largely driven by broadcasting’s £55m fall from £102m to £47m, as the £42m parachute payment was much lower than Premier League £99m distribution. Commercial also decreased £2.9m (26%) to £8.3m and match day was down £1.6m (18%) at £7.1m.
Read 33 tweets
Queens Park Rangers 2017/18 financial results covered a season the club described as one “of rebuilding and reflection”, as they finished 16th in the Championship, after which manager Ian Holloway left to be replaced by Steve McClaren. Some thoughts in the following thread #QPR
#QPR loss significantly increased by £32m from £6m to £38m, largely due to booking a £20m FFP fine (for previous misdemeanours); a £15m reduction in the parachute payment driving a £17m (35%) decrease in revenue from £48m to £31m; and profit on player sales down £7m to zero.
All three #QPR revenue streams were down. As well as broadcasting slumping £15.1m (43%) to £20.2m, due to the lower parachute payment, commercial fell £1.2m (17%) to £6.3m, while gate receipts were £0.3m (6%) lower at £4.9m.
Read 36 tweets
Deloitte have published the 22nd edition of their annual Football Money League, which ranks the world’s leading football clubs by revenue, this time covering the 2017/18 season. Some thoughts in the following thread.
Real Madrid £665m reclaimed top spot, while Barcelona £612m made it a Spanish “one-two” – the first clubs to break the £600m barrier. #MUFC £590m fell to 3rd, having been 1st last year. Bayern Munich £557m and #MCFC £503m retained 4th & 5th places, while PSG £480m were up to 6th.
There are no fewer than six English clubs in the top ten, including #LFC £455m, #CFC £448m, #AFC £389m and #THFC £379m (overtaking Juventus). Roma, Milan and #NUFC were new entrants to the top 20, replacing #LCFC, #SaintsFC and Napoli.
Read 31 tweets
Birmingham City’s 2017/18 financial results covered a season when they finished 19th in the Championship, only avoiding relegation on the final day, and had three managers: big-spending Harry Redknapp, Steve Cotterill and Garry Monk. Some thoughts in the following thread #BCFC
#BCFC loss before tax more than doubled from £16.4m to a barely credible £37.4m, primarily due to massive investment in the squad: wages rose £16.1m (71%) from £22.5m to £38.6m, while player amortisation increased by £5.0m from £2.6m to £7.6m.
The higher #BCFC loss arose even though revenue grew by 9% (£1.6m) to £19.1m and profit on player sales was up £1.9m to £2.1m. All revenue streams increased: broadcasting £0.6m (9%) to £7.6m, match receipts £0.6m (13%) to £5.1m and commercial £0.4m (6%) to £6.5m.
Read 37 tweets
I published a study last week on where Premier League clubs source their money and what they spend it on by reviewing the clubs’ cash flow statements over the last decade. Today I do a similar exercise on Championship clubs – where the picture is very different.
In the 10 years between 2008 and 2017 Championship clubs had over £2.8 bln of available cash with the vast majority of financing £2.5 bln coming from their owners (loans £1.9bln and shares £0.6 bln)
So an incredible 87% of Championship clubs’ cash came from owner financing with just 7% from operating activities. This is in stark contrast to the Premier League with 54% from operations and 42% from owners. There was also £41m from (net) player sales & £45m from bank balances.
Read 22 tweets
THREAD: 🏴 #PremierLeague strength of schedule breakdown 📊

We rank each side on how many points they can expect to pick up from the next six games using our xG model 👇
1. #ManCity – 14.3 xPoints
City will face sides with an average position of just above midtable over the next six games, looking at average of 2.38 xPoints per game.

#MCFC @City_Watch @City_Chief @SuperbiaProeIia @PicturedCity @City_Xtra @9320pod 👇
2. #LFC – 13.2 xPoints
Liverpool look set to continue their good start to the season. Despite facing #MUFC, we make the Reds’ trip to #WatfordFC their hardest fixture.

@AnfieldEdition @AnfieldHQ @TheRedmenTV @LFCData @anfieldonline @BassTunedToRed 👇
Read 21 tweets

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