Discover and read the best of Twitter Threads about #afc

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Adidas have decided not to renew Mesut Özil’s contract beyond this summer, with the player’s public image said to be one of the major factors, following a number of controversial incidents in recent years. [Mail via BILD] #afc
Özil signed for Adidas in 2013 in a deal worth around £22m, with another reason the player is being dropped by Adidas is because the company are desperate to cut their costs during the pandemic after seeing their profits take a major hit. [Mail via BILD] #afc
Adidas are the second major sponsor Özil has lost in the last two years, after Mercedes also allowed his contract to expire in 2018. [Mail] #afc
Read 3 tweets
Newcastle United’s 2018/19 financial results cover a season when they finished 13th in the Premier League, 3 places lower than the previous year. Steve Bruce replaced Rafael Benitez as manager after the season ended. Some thoughts in the following thread #NUFC
#NUFC profit before tax improved by £18m from £23m to £41m, very largely due to profit on player sales surging from £4m to £25m, as revenue dropped £2m (1%) from £178m to £176m. There was minimal expense growth of just £1m. Post-tax profit increased from £19m to £35m.
The largest #NUFC revenue decrease was broadcasting, which fell £2.5m (2%) to £124m, mainly due to the worse finishing place in the league, though commercial was also down £0.5m (2%) to £28m. In contrast, match day rose £0.9m (4%) to £25m.
Read 50 tweets
Dennis Bergkamp speaking to Mail: "I watched Arteta’s first game in charge at home (against Chelsea). In that game it was clear to see what his intentions were with the team. The front 4 would chase the ball and put pressure on the opponents, but the midfield stayed behind." #afc
Bergkamp: "There was a big hole (As a result). I don’t know if you remember the AC Milan of Arrigo Sacchi, with Van Basten, Ruud Gullit and Frank Rijkaard. In training, they’d have ropes between them, so the distance between the players was always similar on the pitch." #afc
Bergkamp on Arteta improving player's positioning: "He’s working on it, but it needs time and maybe different players. Slowly you can see them trying to play a possession game. Everyone on the ball has three options, triangles on the pitch. It’s much better than before." #afc
Read 4 tweets
Crystal Palace’s 2018/19 financial results covered a season when they finished “in a respectable” 12th place under Roy Hodgson. This secured a seventh successive year in the Premier League, their longest ever spell in England’s top division. Some thoughts follow #CPFC
#CPFC improved from a £36m loss before tax to a £5m profit, very largely due to profit on player sales (mainly Aaron Wan-Bissaka’s move to #MUFC) surging from £2m to £46m, though revenue also rose £5m (3%) to a club record £155m. Partly offset by expenses increasing £8m.
All three #CPFC revenue streams grew, led by broadcasting, which rose £3.2m (3%) to £124.4m. There were also increases in commercial, up £1.0m (6%) to £16.4m, and match day, up £0.9m (7%) to £14.6m. Note: this revenue split is taken from the club’s Annual Review.
Read 44 tweets
Manchester United have announced financial results for Q3 of 2019/20, incorporating the first 9 months of the season. This covers January to March 2020, so provides some early insight into the impact of the football lockdown. Some thoughts in the following thread #MUFC
#MUFC swung from £11m profit before tax to £29m loss for Q3, as revenue fell by £28m (19%) from £152m to £124m, partly offset by £15m (18%) reduction in wages to £69m. Hit by interest payable rising £22m from £3m to £25m (forex losses). Loss after tax £23m due to £6m tax credit.
The main reason for #MUFC £28m revenue reduction was broadcasting, which more than halved from £54m to £26m, due to £15m provision for COVID-19 rebate and playing in the far less lucrative Europa League, compared to the previous season’s Champions League.
Read 47 tweets
Plenty of Arsenal news doing the rounds today (18th May) so I've done a quick thread to keep you guys up to date just in case you missed any Arsenal news today.

If you're an Arsenal fan, please give this a read as it'll inform you on all the latest Arsenal news.

#ICYMI #AFC
According to Sky Germany, Hector Bellerin should be ready to leave the Gunners in the summer. Bellerin would also fit into Bayern Munich's profile with his qualities.
Sky Germany: 'Bayern Munich have not made any contact with Norwich over Max Aarons. Arsenal are said to have already stretched out their feelers. Aarons would also not be that cheap - speculation about a transfer fee between 25 and 30 million euros.'
Read 12 tweets
🚨Plenty of Arsenal news doing the rounds today (17th May) so I've done a quick thread to keep you guys up to date just in case you missed any Arsenal news today.

If you're an Arsenal fan, please give this a read as it'll inform you on all the latest Arsenal news.

#ICYMI #AFC
Arsenal striker Alexandre Lacazette's future has been plunged into uncertainty. Talks have stalled over new terms and the striker has two years left on his deal. The club have taken a dim view of Lacazette's recent antics and will take action. (@SamiMokbel81_DM)
The Mirror say Alex Lacazette is facing a hefty fine & club discipline after being pictured inhaling “hippy crack.” Arsenal confirmed they are ready to take action after the pictures emerged of him inhaling from a balloon at his home during this past week.
Read 11 tweets
THREAD: #Bundesliga is back. Dear English FT fam: Here are 4 reasons why you guys should support #Eintracht #Frankfurt. Please read it, it's worth it. I promise! #SGE
1) CITY
Frankfurt is Germany's financial center. Some people call it "Mainhattan" because of it's NYC type skyline and the river Main flowing through the city. People here are known to be very honest but lovely. ❤️
2) ULTRAS/SUPPORTERS
Eintracht Frankfurt's Ultras are worldknown for their incredible support. Over the last years they made incredible tifos, engaged socially and showed resistance to the corrupt football system.
Read 21 tweets
Yesterday’s 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 is spent. This thread will look at this in a bit more detail for each of the Big Six Premier League clubs.
#AFC £395m revenue (TV £183m, commercial £116m, match day £96m) was not enough to cover £428m expenses (including £232m wages, £91m player amortisation and £85m other expenses), leading to £33m operating loss. Offset by £12m profit on player sales, but had £12m interest payable.
#AFC cash flow hit by adverse £44m working capital movement. Spent £62m (net) on players (purchases £118m, sales £56m), £19m on Emirates loan (£10m interest + £9m debt) and £13m on capex. Only Big Six club with net cash outflow £64m, partly due to delayed season ticket renewals.
Read 14 tweets
One question often asked by football fans is “Where has all the money gone?” The answer is partly found in a club’s profit and loss account, but the cash flow statement is also relevant here. Of course, cash is particularly important now with the challenges presented by COVID-19.
A club’s profit and loss account is easy to understand, i.e. basically revenue less expenses (mainly player wages), but this is a technical profit based on the accountants’ 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 43 tweets
Southampton’s 2018/19 financial results covered a “second consecutive difficult season” when they finished 16th in the Premier League. Manager Mark Hughes was replaced by Ralph Hasenhüttl in December 2018. Some thoughts in the following thread #SaintsFC
#SaintsFC went from £35m pre-tax profit to £41m loss, a swing of £76m, mainly due to profit on player sales decreasing by £48m from £69m to £21m (Virgil van Dijk sale prior year). Revenue also down £3m (2%) to £150m, while expenses grew £25m. After tax, £29m profit to £34m loss.
#SaintsFC £3m revenue fall was driven by broadcasting’s £4m (4%) decrease from £117m to £113m, mainly due to fewer Premier League shown live. Match day was also down £2.2m (11%) from £19.2m to £17.0m, but commercial rose £3.4m (21%) from £16.4m to £19.8m.
Read 39 tweets
During the lockdown I’ve been playing with the presentation format of a football club’s finances to provide a “cut out and keep” overview. This is a 2-pager with one page showing all the key figures for the last 2 seasons, the other showing graphical trends for the last 5 years.
In terms of financials, the first page includes revenue, expenses, wages, player trading, profit, debt and transfers.

It also shows key standing data, sporting performance and details of the main sponsorship deals.

Finally has rankings against other clubs in the division.
I’ve opted to include 6 graphs as a trade-off between coverage and ease of reading:
- revenue
- expenses (wages and player amortisation)
- operating profit (plus EBITDA)
- profit before tax (plus profit from player sales)
- debt (plus cash)
- transfers (“net spend, fella”).
Read 12 tweets
Burnley’s 2018/19 financial results covered a season when they finished 15th in the Premier League, securing a fourth consecutive season in the top flight, and competed in Europe for the first time in over 50 years. Some thoughts follow #BurnleyFC
#BurnleyFC profit before tax dropped from a club record £45m to £5m, mainly because profit on player sales fell £24m from £31m to £7m, though revenue was also slightly lower at £138m and expenses increased £15m. Profit after tax was down from £37m to £4m.
#BurnleyFC £1m (1%) revenue fall was very largely driven by broadcasting’s £7m (5%) decrease from £122m to £115m, due to lower prize money for finishing 15th (against 7th prior year). In contrast, commercial rose £4.6m (39%) to £16.5m and match day was up £0.7m (13%) to £6.3m.
Read 39 tweets
This thread revisits the impact of the coronavirus pandemic on the football world, specifically focusing on the Premier League. Although England’s top flight may be in a stronger position than lower leagues, it still faces immense financial challenges, due to lost revenue.
First, the usual caveat that many of the numbers used are estimates, based on figures that are not current (largely 2018/19 accounts), but they should give a decent indication of the impact. As John Maynard Keynes asserted, “It is better to be roughly right than precisely wrong.”
On the face of it, Premier League clubs should be fine, given that they generate an impressive £5.2 bln revenue between them. However, this disguises the fact that the Big Six account for £3 bln of this total, i.e. around 60%, leaving £2.2 bln shared between the other 14 clubs.
Read 44 tweets
Huddersfield Town’s 2018/19 financial results accounts cover a season when they finished 20th in the Premier League, so were relegated after 2 years in the top flight. Manager David Wagner was replaced by Jan Siewert in January 2019. Some thoughts in the following thread #HTAFC
After these accounts closed, chairman Dean Hoyle sold a 75% controlling ownership stake to Pure Sports Consultancy Limited, a previous shirt sponsor, owned by lifelong #HTAFC fan Phil Hodgkinson. Danny Cowley was appointed manager in September, assisted by his brother Nicky.
#HTAFC profit before tax fell £26m from £30m to £4m, as revenue decreased £6m (5%) from £125m to £119m, profit on player sales halved from £6m to £3m and expenses rose £17m. After tax, prior season’s £26m profit was down to £3m, as the tax charge dropped from £4.1m to £0.5m. Image
Read 39 tweets
Tottenham Hotspur’s 2018/19 financial results covered a successful season when they reached the Champions League final, finished fourth in the Premier League and got to EFL Cup semi-finals. Home games played at Wembley until new stadium opened in April. Some thoughts follow #THFC
#THFC profit before tax dropped by £52m from £139m to a still excellent £87m, as revenue rose £80m (21%) to a club record £461m, but profit on player sales fell £62m to £11m and expenses increased £70m. Profit after tax decreased £44m from £113m to £69m.
All three #THFC revenue streams had significant growth: broadcasting rose £43m (22%) from £201m to £244m, due to reaching the Champions League final; commercial increased £26m (24%) from £109m to £135m; while match day was up £11m (15%) from £71m to £82m.
Read 49 tweets
Fulham’s financial results for 2018/19 cover a season when they were relegated back to the Championship after just one year in the Premier League (finishing 19th). They dismissed two managers: Slavisa Jokanovic in November & Claudio Ranieri in February. Some thought follow #FFC
#FFC reduced their loss from £45m to £20m. However, the club still lost money, despite revenue rising £100m from £38m to £138m following promotion, as competing in the Premier League increased expenses by £63m, while profit on player sales fell £11m to £3m. Image
The main driver of the #FFC £100m revenue increase was broadcasting, which rose £87m from £22m to £109m, due to the significantly more lucrative Premier League TV deal, though commercial also grew £8m (88%) to £18m, while gate receipts were up £3.7m (53%) to £10.7m. Image
Read 41 tweets
The shutdown of football until at least end-April due to the coronavirus pandemic will have a severe financial impact on clubs, particularly those in the Football League, though even those in the top flight will not be immune. The following thread looks at the implications.
This is an unprecedented event, so it is impossible to be definitive about the financial impact, not least because many of the figures that we have are not current, but there is enough data available to prepare some “educated estimates”. Note: clubs are shown in 2018/19 divisions
Even before coronavirus, football did not look like a particularly healthy business, as few clubs actually made any money. Premier League clubs earn a lot of revenue (£5.2 bln), but make a net loss of £160m, averaging £8m a club. Half of the 20 clubs have reported losses.
Read 42 tweets
AFC Bournemouth’s 2018/19 financial results covered a season when they finished 14th in the Premier League, securing a fifth consecutive year in the top flight. Some thoughts follow #AFCB
#AFCB loss before tax almost tripled from £11m to £32m, very largely due to higher staff costs and a small £4m (3%) drop in revenue from £135m to £131m, though profit on player sales rose slightly from £1.3m to £3.1m.
#AFCB £4m revenue fall largely due to broadcasting income dropping £3.6m (3%) to £116m, due to a lower finish in the league, though match day also fell £0.3m (6%) to £5.0m, partly offset by commercial rising £0.2m (2%) to £10.2m. Other income (player loans) up £2.8m to £8.0m.
Read 39 tweets
#CardiffCity financial results for 2018/19 covered a season in the Premier League following promotion, but their stay in the top flight was brief, as it culminated in relegation to the Championship after they finished in 18th place. Some thoughts in the following thread.
Unfortunately, the 2018/19 season will also be remembered for the tragic death of striker Emiliano Sala in a plane crash following his transfer from French club Nantes. #CardiffCity are disputing the payment of a transfer fee, but have “prudently” booked a £19.5m provision.
#CardiffCity swung from £39m loss before tax in the Championship to £3m profit, thanks to revenue surging £90m from £35m to £125m, though competing in the Premier League increased expenses by £31m. Still reported £0.8m loss after tax, due to £3m tax charge.
Read 40 tweets
Leicester City’s 2018/19 financial results covered a season when they finished 9th in the Premier League for the second year in a row. Brendan Rodgers replaced Claude Puel as manager in February. Some thoughts in the following thread #LCFC
Despite the tragic loss of club chairman, Vichai Srivaddhanaprabha, in a helicopter accident in October 2018, #LCFC have made great progress since King Power International acquired the club in 2010 with “a renewed commitment to investing growing revenues back into the club.”
#LCFC went from £2m profit before tax to a £20m loss, even though revenue rose £20m (12%) to £178m and profit on player sales was up £20m to £58m, as costs grew £61m, due to investment in the squad and the “transfer fee” for Brendan Rodgers. After tax, club posted a £17m loss.
Read 41 tweets
Liverpool’s 2018/19 financial results covered a season when they won the Champions League for the 6th time and finished runners-up to #MCFC in the Premier League with 97 points, the most scored without winning the title. Some thoughts in the following thread #LFC
#LFC profit before tax fell from £125m to £42m, as profit on player sales dropped £79m to £45m, though revenue rose £78m (17%) to a record £533m. This was offset by £83m cost growth following significant investment in the squad. Profit after tax down from £106m to £33m.
All three #LFC revenue streams increased, particularly broadcasting, which rose £41m (19%) to £261m, mainly due to the Champions League triumph, and commercial, up £34m (22%) to £188m. Match day was slightly higher at £3m (4%) to £84m.
Read 46 tweets
Arsenal’s 2018/19 financial results covered a season when they finished 5th in the Premier League, while reaching the Europa League final. This was first season in 22 years without manager Arsène Wenger, who was replaced by Unai Emery. Some thoughts in the following thread #AFC
#AFC swung from £70m profit before tax to £32m loss, a £102m deterioration, very largely due to profit on player sales falling by £108m from £120m to £12m, though revenue rose slightly by £7m (2%) to £395m. After tax, went from £57m profit to £27m loss (£5m tax credit).
Highest #AFC revenue growth came from commercial, up £4m (4%) to £111m, while there were also increases in broadcasting, up £3m (2%) to £183m, and player loans, which doubled to £5m. On the other hand, match day dropped £3m (3%) to £96m. Property contribution was down £5m.
Read 48 tweets
UEFA’s Club Financial Control Body has found that Manchester City have committed serious breaches of their Financial Fair Play (FFP) regulations by overstating sponsorship revenue between 2012 and 2016 and failing to cooperate in the investigation. Some thoughts follow #MCFC
As a consequence, #MCFC have been excluded from participation in UEFA competitions in the next two seasons (2020/21 and 2021/22) and been fined €30m (£25m). This is the biggest ever punishment for breaching FFP regulations.
In response #MCFC described the process as “flawed and consistently leaked”, saying that in December 2018 the UEFA Chief Investigator had “publicly previewed the outcome and sanction he intended to deliver, before any investigation had even begun.”
Read 46 tweets

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