Discover and read the best of Twitter Threads about #dcfc

Most recents (24)

Stoke City’s 2020/21 accounts covered a season when they finished 14th in the Championship under manager Michael O’Neill, one place better than the previous season, but the third year in a row they have finished in the bottom half of the table. Some thoughts follow #SCFC
#SCFC pre-tax loss narrowed from £88m to £10m, despite revenue falling £10m (19%) from £50m to £40m and profit on player sales decreasing £2m to £1m, as they made £33m profit on the sale of stadium and training ground. Operating expenses down £55m (39%). Loss after tax was £8m.
As a technical aside, these figures relate to Stoke City Holdings Ltd. The pre-tax loss in the football club was much higher at £43m, mainly because those accounts do not include the £33m profit from the sale of the stadium and training ground.
Read 45 tweets
Sheffield Wednesday’s 2020/21 accounts cover a season when they finished 24th in the Championship and were thus relegated to League One (after a 6-point FFP penalty). Manager Garry Monk replaced by Tony Pulis, then succeeded by Darren Moore. Some thoughts follow #SWFC
#SWFC loss slightly increased from £24m to £26m, as revenue nearly halved from £20.9m to £11.6m and profit from player sales fell from £6.2m to £0.6m, though these decreases were largely offset by a significant £14m (26%) reduction in expenses.
Due to COVID, #SWFC match day decreased 98% from £6.6m to £0.1m and commercial was down a third from £5.7m to £3.8m, while broadcasting fell £0.7m (8%) to £7.8m. Note: match day and broadcasting not separated in accounts, so I have estimated these based on similar sized clubs.
Read 44 tweets
Birmingham City’s 2020/21 financial results covered a season when they finished 18th in the Championship, a slight improvement on previous season’s 20th place. Head coach Aitor Karanka was replaced by Lee Bowyer in March 2021. Some thoughts in the following thread #BCFC
#BCFC loss narrowed from £18.2m to £4.8m, largely due to profit on player sales rising £15m to £27m, thanks to Jude Bellingham’s move to Borussia Dortmund. Revenue dropped £9.1m (40%) from £22.8m to £13.7m, due to COVID, partly offset by expenses falling £7m (14%).
COVID drove reductions in match receipts, down to zero from £4.7m, and commercial, which more than halved from £9.3m to £4.4m. In contrast, broadcasting rose £0.5m (5%) to £9.3m, while other operating income increased £0.3m to £1.8m, including £659k COVID grant.
Read 44 tweets
Sheffield United’s 2020/21 accounts covered a season when they finished 20th in the Premier League, leading to relegation after a two-year spell in the top flight. Manager Chris Wilder was replaced by Paul Heckingbottom (interim basis). Some thoughts follow #SUFC #twitterblades
This was the second 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.
#SUFC pre-tax profit fell from £19m to £10m, as revenue dropped £28m (20%) from club record £143m to £115m and profit on player sales decreased £3m to £1m, partly offset by operating expenses falling £21m (17%). Net interest payable was up £1.7m to £2.5m.
Read 43 tweets
Middlesbrough’s 2020/21 financial results covered a season when they finished 10th in the Championship under manager Neil Warnock, who has since been replaced by Chris Wilder in November. Some thoughts in the following thread #Boro
#Boro reduced their pre-tax loss from club record £36m to £31m, despite revenue dropping £4.9m (25%) from £19.4m to £14.5m, as other income rose £2.7m to £4.6m, operating expenses were cut £5.7m (10%) and profit on player sales rose £0.8m to £4.3m. Loss after tax was £27m.
#Boro revenue was “significantly” impacted by COVID, leading to reductions in gate receipts, down £4.5m (99%) to just £36k, and commercial, down £1.6m (26%) to £4.3m. However, broadcasting increased £1.1m (12%) from £9.0m to £10.1m, partly due to iFollow streaming.
Read 37 tweets
1/6 Along with other Derbyshire MPs had a long and detailed meeting with Administrator of Derby County #dcfc We will attempt to arrange one for local MPs with the EFL shortly, am leaving it to MPs for Derby to lead and I will support them.
2/6 Andrew Hosking of Quantuma was candid that the failure of the EFL to decide whether any future legal action by Middlesbrough or Wycombe would be classified as a football debt will prevent a sale taking place. Strong legal view that the claims are baseless and would anyway
3/6 not be a 'football debt' but without that clarification the potential claims are almost as big as the entire value of the club and no creditor will take on that risk.
The administrator believe they have attracted the maximum amount that can be salvaged for creditors
Read 6 tweets
After I put together a thread looking at the financial trends in the Premier League over the last 10 years from 2011 to 2020, a few people asked me if I could do the same for the EFL Championship. So here are the finances for England’s second tier over the last decade.
This analysis comes with caveats, as not all Championship clubs published accounts in the last decade, e.g. Derby County in 2019 and 2020. Also no accounts for clubs in administration, e.g. Portsmouth (2011 & 2012), Bolton Wanderers (2018 & 2019) and Wigan Athletic (2020).
Nevertheless, the themes and trends can still be highlighted, including the impact of COVID in the last three months of 2020. We will also feature some comparisons with the Premier League to illustrate the immense differences between England’s top two divisions.
Read 50 tweets
There's lot's of things that just don't add up in the #DerbyCounty story (not just the balance sheet)!

#DCFC

Fortunes squandered
Rules bent/broken
Offshore
Financial Engineering
Fronts
Fraudsters

It's not the first time the poor DCFC fanbase have been exposed to these c*nts
I was reminded of this incredible story from the mid 2000's that had passed me by at the time... but could be instructive of things to come.

#DCFC #QPR
- MD Nissan
- Fraud/Financial Engineering
- Offshore
- Loans/Mortgages on the stadium
- Dodgy solicitors & administrators

⚽️💸
The story about #MichaelHunt the biggest (uncovered) theft in the UK from #Nissan

Money Laundering through Swiss Trusts & banked in #Panama then loaned back to #QPR and #DCFC is the stuff of Spy movies!

@david_conn Nissan don't come out of this well - Anyway, moving on...💸⚽️
Read 16 tweets
#CardiffCity 2019/20 accounts cover a season when they finished 5th in the Championship following relegation from the PL, losing in the play-off semi-final. Manager Neil Warnock was replaced by Neil Harris in November 2019, since succeeded by Mick McCarthy. Some thoughts follow.
#CardiffCity swung from £3m profit to £12m loss, as revenue fell £79m (63%) from £125m to £46m due to relegation and COVID, partly offset by profit on player sales rising £12m to £14m, while expenses were down £33m and no repeat of prior year £20m provision for the Sala transfer. Image
#CardiffCity £79m revenue fall was largely driven by broadcasting’s £70m (66%) decrease from £107m to £37m, due to lower TV money in Championship, though commercial also dropped £5m (48%) from £10m to £5m and match day fell £4m (53%) from £8m to £4m. Image
Read 43 tweets
1.
#DAZN #Matchroom
#disruption #sport
#Legacy v's #PurePlay specialists

This week #EddieHearn announced the worst kept secret in sports broadcasting - He's taking his show, Lock Stock, to Mr #Blavatnik first-mover streaming service.

#Thread with a different perspective...🧐 ImageImageImageImage
2.
This is exciting for #Sports fans - Especially #boxing

Lower cost access
More shows
Bigger production

Interesting, it's announced a week after #SundayTimes named the owner of #DAZN as the richest man in the UK (again)!

That rich list is an good starting point to explore Image
3.
We're living through changing times;

Technology
Business
Societal
Cultural
Political
GeoPolitical

What's that got to do with #DAZN & #Sport 🤔

Well, Sport & #Entertainment is big business 💰

It's also used by powerful people to influence Hearts & Minds...
#Sportswashing ImageImage
Read 17 tweets
Stoke City’s 2019/20 financial results covered a season when they finished 15th in the Championship, two years after relegation from the Premier League. Manager Nathan Jones was replaced by Michael O’Neill in November 2019. Some thoughts in the following thread #SCFC
#SCFC pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to £3m. Total expenses increased £37m, mainly due to £43m impairment charge (reducing player values). Loss after tax was £86m.
The main reason for #SCFC £21m revenue reduction was broadcasting, which dropped £20m (39%) from £51m to £31m, mainly due to lower parachute payment, though match day also fell £1.6m (25%) from £6.4m to £4.8m. In contrast, commercial rose £0.9m (7%) from £12.9m to £13.8m.
Read 42 tweets
#BarnsleyFC 2019/20 accounts covered the club’s first season back in the Championship following promotion from League One, when they narrowly avoided relegation by finishing 21st. Head coach Daniel Stendel was replaced by Gerhard Struber, since succeeded by Valerien Ismael.
#BarnsleyFC are owned by a group of international investors, led by Chien Lee of NewCity Capital and Paul Conway of Pacific Media Group, who follow the “Moneyball” approach of fellow investor, Billy Beane. They bought 80% from former custodian, Patrick Cryne, in December 2017.
Following promotion to the Championship, #BarnsleyFC reduced their loss from £3.4m to just £0.3m, as revenue increased £6.4m (83%) from £7.8m to £14.2m and profit on player sales rose £2.0m to £5.8m, partly offset by expenses growing £5.6m (37%) to £20.5m.
Read 39 tweets
Queens Park Rangers 2019/20 financial results covered a season when they finished 13th in the Championship, an improvement on the previous year’s 19th place, though the campaign was disrupted by COVID-19. Some thoughts in the following thread #QPR
#QPR loss widened from £10m to £16m, as revenue fell £16m (47%) from £34m to £18m, though expenses were cut £11m (24%) and profit on player sales increased £3m to £6m. Also impacted by £4.5m write-off of previous training ground development.
The main reason for #QPR £16m revenue reduction was broadcasting, which dropped £14m (62%) from £22m to £8m, as parachute payments stopped, though gate receipts were also down £1.4m (25%) from £5.4m to £4.0m, while commercial fell £1.4m (19%) from £7.2m to £5.8m.
Read 45 tweets
Yesterday was another crazy day for #Football & specifically in this case, for #Derby #dcfcfans

#EFL ruling on their accounting practices

Threat of sanctions - What will that mean?

#RichardKeough ruling - They have to pay him £2.3m (bonkers episode)🤯

bbc.co.uk/sport/football…
Then add in the farce of the #takeover process

A 29 year old front-man masquerading as an Instagram Billionaire (complete with macho boxing backstory & links to Indonesian investors & looted billions) #Suharto

👏 @secondtierpod ⤵️

#DCFC #FitAndProper

I'm equally fascinated & frustrated by rogue investors in #EnglishFootball

I've read widely and spoken to people with genuine knowledge of the machinations of global finance💸

What puzzles me today is, how/why did #MelMorris get himself in this hole?😏
Read 18 tweets
Swansea City’s 2019/20 accounts covered a season when they finished 6th in the Championship under head coach Steve Cooper, thus reaching the play-offs, but were eliminated in the semi-final by Brentford. Some thoughts in the following thread #Swans
#Swans swung from a pre-tax loss of £7m to a profit of £2.7m, despite revenue falling £18m (27%) from £68m to £50m and profit from player sales dropping £12m (41%) from £30m to £18m, as total expenses were reduced by £40m (38%). Profit after tax was £1.7m.
The main reason for #Swans £18m revenue reduction was broadcasting, which dropped £13m (25%) from £52m to £39m, mainly due to lower parachute payment, though commercial was also down £2m (26%) to £6m and match day fell £1.7m (26%) to £4.8m. Player loans were down £1.7m to £0.2m.
Read 44 tweets
Birmingham City’s 2019/20 financial results covered a season when they finished 20th in the Championship, narrowly avoiding relegation. Manager pep Clotet was replaced by Aitor Karanka in August 2020, since succeeded by Lee Bowyer. Some thoughts in the following thread #BCFC
#BCFC loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly offset by profit on player sales rising £7m to £12m. Revenue fell £0.5m (2%) from £23.3m to £22.8m, while expenses were flat overall.
COVID-19 impacted #BCFC revenue with match receipts falling £0.4m (8%) to £4.7m, while commercial was down £0.9m (9%) to £9.3m. In contrast, broadcasting rose £0.9m (11%) to £8.8m, while other operating income increased £0.9m to £1.5m, including £819k COVID grant.
Read 43 tweets
West Bromwich Albion’s 2019/20 accounts covered a season when they finished 2nd in the Championship, thus securing promotion to the Premier League after a 2-year absence. Manager Slaven Bilic was subsequently replaced by Sam Allardyce in December 2020. Some thoughts follow #WBA
#WBA pre-tax loss widened from £7m to £23m, mainly due to promotion bonuses and COVID. Revenue fell £17m (24%) from £71m to £54m, while operating expenses increased £19m (22%), partly offset by profit on player sales rising £19m to £29m. Loss after tax up from £6m to £21m.
The main reason for #WBA £17m revenue reduction was broadcasting, which dropped £12m (23%) from £53m to £41m, mainly due to lower parachute payment, though gate receipts also decreased £2.5m (34%) to £4.8m, while commercial was down £2.4m (22%) to £8.4m.
Read 44 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
Leeds United’s 2019/20 accounts cover a season when they won the Championship under Marcelo Bielsa, thus securing promotion to the Premier league after a 16-year absence, despite unprecedented challenges posed by the COVID-19 pandemic. Some thoughts in the following thread #LUFC
#LUFC paid a price for success, as their pre-tax loss widened from £21m to £62m, despite revenue rising £5m (11%) from £49m to £54m, as significant investment led to expenses increasing £44m (52%), including £20m promotion bonuses and £7m TV rebate to broadcasters.
The main reason for #LUFC £5m revenue growth was £7m (25%) increase in commercial income from £27m to £34m (largely merchandising), as gate receipts fell £1.2m (9%) to £11.4m and broadcasting was down £0.5m (5%) to £8.7m. Profit on player sales dropped £6m to £10m.
Read 43 tweets
Brentford’s 2019/20 financial results covered a season when they narrowly missed out on promotion, finishing 3rd in the Championship before losing the play-off final to Fulham. Some thoughts in the following thread #BrentfordFC
#BrentfordFC swung from £24m profit before tax to £9m loss, as last year benefited from £14m sale of land. Revenue dropped £1.3m (9%) from £15.2m to £13.9m, while profit on player sales fell £2m to £25m. Investment in the squad meant expenses increased £14m. Loss after tax £10m.
Main driver of COVID-impacted #BrentfordFC revenue decrease was broadcasting, down £1.6m (18%) to £7.3m, while ticketing also fell £0.3m (9%) to £3.1m, partly offset by commercial rising £0.5m (18%) to £3.6m. Other income fell £1.6m to £1.0m, including job retention scheme £635k.
Read 40 tweets
Middlesbrough’s 2019/20 financial results covered a season when they finished 17th in the Championship. Neil Warnock replaced Jonathan Woodgate as manager in June. Some thoughts in the following thread #Boro
#Boro swung from £2m profit before tax to club record £36m loss, as finances hit by COVID and expiry of parachute payments. Revenue dropped £36m (65%) from £56m to £19m and profit on player sales fell £30m to £3m, partly offset by £27m (31%) cut in expenses. Loss after tax £31m. Image
All three #Boro revenue streams fell, especially broadcasting, which was down £32m (78%) from £41m to £9m, due to no parachute payment. Also decreases in commercial, down £2.7m (31%) from £8.6m to £5.9m, and gate receipts, down £1.6m (26%) from £6.1m to £4.5m. Image
Read 35 tweets
Nottingham Forest’s 2019/20 financials covered the third season under the ownership of Evangelos Marinakis (80%) and Sokratis Kominakis (20%), when they narrowly missed out on the Championship play-offs, finishing 7th, their highest position since 2013. Some thoughts follow #NFFC
#NFFC loss improved by £9m from £25m to £16m, mainly due to a £5m loan write-off. Revenue slightly increased from £25.3m to £25.7m and profit on player sales rose £0.7m to £11.3m, while expenses were down £3m (5%).
There was “significant lost revenue” due to the COVID-19 pandemic (ticketing, retail, catering and hospitality), but #NFFC noted that the impact is not immediately visible, as the club had been “on track to report a record turnover” before the season was suspended in March.
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
Chelsea’s 2019/20 financial results covered a season when they finished 4th in the Premier League, were beaten in the FA Cup final and reached the last 16 of the Champions League, but their finances were adversely impacted by the COVID-19 pandemic. Some thoughts follow #CFC
#CFC swung from £102m loss before tax to £36m profit, despite revenue dropping £40m (9%) from club record £447m to £407m, as profit on player sales surged £82m to £143m and expenses fell by a hefty £90m. After tax, improved from £97m loss to £32m profit.
All #CFC revenue streams decreased, impacted by COVID, though the damage was limited by the return to the Champions League. Broadcasting was down £18m (9%) to £183m, while there were falls in match day, down £12m (18%) to £54m, and commercial, down £10m (5%) to £170m.
Read 51 tweets

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