Discover and read the best of Twitter Threads about #afc

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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.
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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%).
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Earlier this year it was widely reported that Arsenal would only have a £45m transfer budget this summer, after failing to qualify for the Champions League, but the club has actually splashed out well over £100m. This thread explains how this was possible #AFC
In fairness to the club, they never agreed with the low budget figure. #AFC managing director Vinai Venkatesham explained, “The number never came from us. We never ever, ever talk about how much money we have to spend, because that’s the least helpful thing you can do.”
First, let’s take a look at #AFC player purchases of £143m (including £8m add-ons). This comprises club record acquisition Nicolas Pépé £72m plus William Saliba £27m, Kieran Tierney £25m, David Luiz £8m, Gabriel Martinelli £6m and Dani Ceballos (loan fee) £5m.
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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
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Can't believe the information I received yesterday about David Luiz... to summarise, the beef with Lampard started right after the #Chelsea 5-3 Salzburg game. David Luiz didn't want to listen to Lampard's feedback, and even got aggressive with Lampard in training. #CFC
It didn't improve when he wasn't selected for the 2-2 Gladbach game... even the staff had to step in once Lampard left the dressing room.
After the game, training went on, but Frank had enough with Luiz's behaviour. He snapped and told Luiz he'll now be a squad player. #CFC
Because of this, Luiz complained to his agent and he wanted to leave. His agent has connections at #Arsenal, which explains the links. Arsenal are interested since they don't have enough funds to sign Upamecano (as they agreed terms for Kieran Tierney). #CFC #AFC
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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.
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Arsenal are on course to confirm the €80m club-record signing of Ivory Coast international Nicolas Pepe from Lille later this week. The 24-year-old winger/forward has arrived in London & will undergo a medical today before signing a five-year contract at the Emirates #AFC #LOSC
Arsenal in talks with number of clubs over Shkodran Mustafi exit. 27yo (contract until 2021) wants to stay + prove himself. But #AFC want permanent or loan departure. Also hope to bolster central defence pre-deadline & retain interest in Celtic left-back Kieran Tierney #CelticFC
Arsenal technical director Edu met with the Stade Rennes president + the representative of Laurent Koscielny in London yesterday. Talks between #AFC & suitors continue in a bid to resolve Koscielny’s future. The 33yo captain does not anticipate playing for the Gunners again #SRFC
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As the 2018/19 Premier League season approaches, I thought that it might be interesting to look at the impact of the new three-year TV deal on clubs’ revenue, particularly the changes in the distribution system for the overseas TV deals. Some thoughts in the following thread.
As a reminder, in 2018/19 each club received equal shares for 50% of domestic TV £34m, overseas TV £43m and commercial income £5m. Each league position was worth £1.9m (merit payment), while each match broadcast live was worth £1.1m (on top of £12.2m for a minimum of 10 games).
Therefore, each club received a total of £82m from equal payments with the only differences in Premier League TV distribution due to: (a) league position, ranging from #MCFC £38m to #HTAFC £2m; (b) live TV games, from #LFC £33m to £12m for #AFCB, #HTAFC, #SaintsFC and Watford.
Read 26 tweets
Excerpt from Football Hackers book detailing #AFC's transfer strategy in 2018 & the role played by Sven Mislintat:
In the first 2 transfer periods, Mislintat pushed through the signings of 3 players he knew from his BVB days. Goal-scorer Aubameyang was an immediate success and
1⃣
became #AFC's best goalscorer straightaway. Sokratis, a solid Greek defender, too, established him self in the 1st XI, while Miki arrived from MUFC in a swap-deal for Alexis. The swap reduced #AFC's wage bill & replaced 1 player who was past his best with a reliable performer.
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Those were all safe transfers in the sense that they held little risk. The same was true of buying German keeper Bernd Leno, who took over from Petr Cech in goal before too long.
Mislintat was aiming higher, though.
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Read 11 tweets
As Arsenal fans nervously await the outcome of this summer’s transfer window, I thought it might be interesting to look at why the club is facing more financial challenges these days. Some thoughts in the following thread #afcb
On the face of it, #AFC are doing fine, having reported profits for 16 consecutive years, adding up to a grand total of £393m, averaging £25m a year. Furthermore, Arsenal’s profits in the last two years were a healthy £70m in 2017/18 and £45m in 2016/17.
In fact, #AFC £70m profit before tax in 2017/18 (the most recent published accounts) was actually the fifth highest ever registered in the Premier League, though it is worth noting that this was comfortably surpassed by two rivals that season: #THFC £139m and #LFC £125m.
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#Sudan 🇸🇩: Sudanese opposition groups are calling for a "march of millions" on June 30, hoping to retake the streets from the #TMC regime and #RSF militants.
#مليونيه30يونيو
#Sudan 🇸🇩: tomorrow (30-06) is the day...

#مليونية_30يونيو
#Sudan 🇸🇩: thousands of protesters have gathered in #Khartoum to protest agains the #TMC regime.

The streets of the capital are screaming for freedom.
#مليونية_30يونيو
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Christophe Henrotay: “[Dalian saying Carrasco skipped trainings/games for no reason?] I don’t get it. Carrasco had discomfort in his knees after the international duty. He stayed in Belgium to get treatment. The club have received medical reports that proved it.”
Christophe: “The punishments imposed on Carrasco will not solve the deep rooted issues. The situation you see now is a result of the club failing to tackle the source of the problem. They don’t put themselves in the player’s shoes. The leaders need to step forward & deal with it”
Christophe: “People who say Carrasco has had no suitors yet clearly don’t understand the system. They don’t know how transfer market works. There are clubs that are keen to sign him.”
Read 4 tweets
After Saturday’s final, the estimates for this season’s Champions League revenue for Liverpool and Tottenham Hotspur can be updated. We can also look at the incredible amounts of TV income earned by English clubs in 2018/19. Some analysis in the following thread #LFC #THFC
#LFC earned an additional €4m for winning the competition (for the sixth time), bringing their total to €111m (£98m), while #THFC remain at €102m (£90m). As a reminder, #MUFC and #MCFC received €93m (£83m) and €93m (82m) respectively.
#LFC 2018/19 Champions League revenue of €111m (£98m) is €30m (£26m) higher than €81m (£72m) they earned in 2017/18, having won the trophy against “only” reaching the final. It includes: participation €15.3m, prize money €60.0m, UEFA coefficient €23.3m & TV pool €12.7m.
Read 16 tweets
After last night’s Europa League final, the estimates for this season’s Europa League revenue for Arsenal and Chelsea can be updated #CFC earned an additional €4m for winning the competition, bringing their total to €44m (£39m), while #AFC remain at €36m (£32m).
However, #CFC 2018/19 Europa League revenue of €44m (£39m) is €21m (£19m) lower than the €65m (£58m) they earned in the 2017/18 Champions League. It includes: participation €2.9m, prize money €18.3m, UEFA coefficient €3.4m & TV pool €19.1m.
Despite reaching the final, #AFC 2018/19 revenue of €36m (£32m) is €2m (£1m) lower than the €38m (£33m) they earned for getting to the semi-final in 2017/18. It includes: participation €2.9m, prize money €14.3m, UEFA coefficient €3.4m and TV pool €15.6m.
Read 9 tweets
The Premier League has published its TV revenue for the 2018/19 season, ranging from £97m for #HTAFC to £152m for #LFC, who earned more than league winners #MCFC £151m, due to more matches broadcast live. Some thoughts in the following thread.
Each club receives equal shares for 50% of domestic TV £34.4m, overseas TV £43.2m and commercial income £5.0m. Each league position is worth £1.9m (merit payment), while each match broadcast live is worth £1.1m (on top of £12.2m for a minimum of 10 games).
#LFC Premier League TV money increased by £6.5m from £145.9m to £152.4m in 2018/19, due to a £3.6m higher merit payment (for finishing 2nd, compared to 4th the previous season) and £2.4m more from overseas TV deals. Benefited from most live TV games: 29 vs. #MCFC 26.
Read 14 tweets
Last week I estimated how much English clubs would earn from the 2018/19 Champions League. Today I take a look at this season’s Europa League revenue for Arsenal and Chelsea #AFC #CFC
Although total Europa League revenue has significantly increased (by 40%) in 2018/19, two points are worth noting: (a) this is lower than the 54% Champions League increase; (b) the impact of the new UEFA coefficient (though only 15% of total distribution, compared to 30% in CL).
As a result, both #AFC and #CFC are estimated to earn less than last year. #CFC is obvious, as they were in the Champions League in 2017/18, but #AFC is due to the impact of UEFA coefficient & TV pool. As it stands (prior year in brackets):

#AFC €36m (€38m)
#CFC €40m (€65m)
Read 16 tweets
Swansea City’s 2017/18 financial results covered a “difficult” season when they finished 18th, so were relegated to the Championship after 7 consecutive years in the Premier League. They had 3 managers: Paul Clement, Carlos Carvahal and Graham Potter. Some thoughts follow #Swans
#Swans made a loss before tax of £3.2m, compared to a prior year profit of £13.4m, representing a £16.6m deterioration, as revenue fell £1m from £128m to £127m, though profit on player sales was up £9m to £46m. After tax, the club went from a £13.0m profit to a £2.9m loss.
#Swans £1m revenue fall was very largely driven by broadcasting’s £4.7m (4%) decrease from £109.4m to £104.7m, due to less prize money for a lower league position. In contrast, commercial rose £3.8m (35%) from £10.7m to £14.5m, while match day was flat at £7.4m.
Read 44 tweets
As the Champions League and Europa League reach the semi-final stage, I took a quick look at the latest available revenue and wages data for those clubs still in the competition. Some analysis in the following thread.
The Champions League has the “fairest” financial pairings, as it matches the clubs with the highest and 2nd highest revenues, then 3rd and 4th.

However, the differences are still huge: Barcelona £612m is £150m more than #LFC £455m; while #THFC £379m is nearly 5 times Ajax £81m.
It’s a similar story and nether Champions League with wages. Barcelona’s £431m (excluding other sports such as basketball and handball) is again over £150m higher than #LFC £264m, while #THFC £148m might be low for a leading Premier League club, but it is triple Ajax £47m.
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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.
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#SSCNapoli 2017/18 accounts cover a season where they finished second in the league with a club record for points under Maurizio Sarri, but were eliminated at the group stage of the Champions League before dropping down to the Europa League. Some thoughts in the following thread.
#SSCNapoli posted a €3m loss before tax, compared to €101m profit prior year, as profit on player sales dropped €74m to €30m and revenue fell €18m (9%) from €204m to €185m, mainly due to worse performance in Champions League. After tax, went from €67m profit to €6m loss.
Less progress in Champions League reduced #SSCNapoli revenue by €28m, impacting broadcasting, down €24m (17%) to €119m, & match day, down €1m (3%) to €19m. However, commercial was up €6m (16%) to €45m. Including player sales, revenue fell €92m (30%) from €308m to €216m.
Read 44 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.
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As the Champions League and Europa League reach the quarter-final stage, I took a quick look at the latest available revenue and wages data for those clubs still in the competition. Some brief comparisons in the following thread.
Three clubs in the Champions League quarter-finals have over half a billion pounds revenue, led by Barcelona £612m, followed by the two Manchester clubs, #MUFC £590m and #MCFC £500m. Other English clubs: #LFC £455m and #THFC £379m. Lowest revenue by far at Ajax £81m & Porto £94m.
Barcelona £431m have by far the highest wage bill (even after excluding other sports), followed by #MUFC £296m. #LFC £264m and #MCFC £260m are closely matched, way ahead of the other English club #THFC £148m. Porto and Ajax only £75m and £47m respectively.
Read 6 tweets

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