Discover and read the best of Twitter Threads about #lfc

Most recents (24)

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
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
Starting a thread of #LFC years under Klopp. Starting from : Image
None of us believed it at first Image
Most of us still have a hard time digesting it : Image
Read 27 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
Sheffield United’s 2018/19 financial results covered a season when they finished second in the Championship, securing automatic promotion to mark a remarkable rise from League One to the Premier League in 3 years under Manager of the Year Chris Wilder. Some thoughts follow #SUFC
These accounts cover the final year of #SUFC co-ownership between Kevin McCabe and Prince Abdullah. Since then the High Court has ruled that McCabe must sell his 50% share to the Prince for £5m. As a result, the club will purchase the stadium and training facility for £43.5m.
#SUFC loss increased from £2m to £21m, reflecting the “exceptional cost of promotion to the Premier League”. Revenue rose 4% (£0.8m) to £21m, while profit on player sales was up £6m (69%) to £14m, but this was more than offset by £26m of cost growth.
Read 42 tweets
Let's take a detailed, comprehensive look at under-24 strikers from the top 5 leagues. This study considers both conventional centre forwards as well as players who switch between the wings and the central "9" role.

Data thanks to the brilliant @fbref as always! (THREAD) Image
Output is fundamental for any young striker and the sustainability of a striker's output can be measured in xG and xA. The graph shows us that Haaland and Gabriel Jesus have superb movement while Werner is a considerable all-round threat. #BVB #MCFC #RBL Image
Does your favourite young striker like getting on the ball, and if so, where does he get the ball? Werner loves being involved in general play while strikers like Tammy and Lautaro prefer taking few touches, with most of them being in the box. #RBL #CFC #Inter Image
Read 25 tweets
1. Good Morning Everyone and Good Morning to @PFA, @MirrorFootball and @darrenwells44.

Today we open up the influencing network, and a @LFC bias, not just when it comes to awards, but within the world of social media, how influence can be made both positively and negatively...

And gains/losses from these online aggregators.

The recent comments made by @BernardoCSilva that "#LFC receive biased treatment when it comes to handing out individual awards"

As quoted from the @AnfieldWatch page and this fan page is where it all started 3 weeks ago.

If you look at @AnfieldWatch and who they follow you will find a "social influencing" group called @TheGoatAgency along with 2 influencer's who in their bio's show no allegiance to LFC and the company's "Chief Storyteller".

Read 18 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
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
Spurs made an operating profit on day to day trading of £101 million in 2018/19. Player sales, tax and interest on loans turned this into a net profit of £68m #THFC
Spurs had over £120m in the bank at 30 June 2019 as well as profits made over the years of £357 million #THFC
Spurs borrowed £195 million in 2018/19 and spent £420 million cash on new stadium & infrastructure #THFC
Read 10 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
A short thread on the insanity of the Tory Govt’s reckless approach to Coronavirus, as they refuse to take action to restrict travel from Madrid, despite a major outbreak there, where the contagion rate is growing faster than anywhere else in the world. (1/8)

In Spain, the authorities have ordered all La Liga games to be played behind closed doors with no fans. That is sensible - and necessary - because there have already been 35 deaths after a 100% increase in cases in less than 2 days, with HALF of them coming in Madrid (2/8)

That means it is illegal for Atletico Madrid fans to watch their own team in their own stadium, or travel to upcoming games in Bilbao or Pamplona, for fear of the very real risk of spreading the deadly virus and creating a pandemic. (3/8)

Read 8 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
A short thread on Coronavirus and #LFC's prospects of winning the title in front of their fans. Hate to say it, but it seems inevitable the govt will insist games be played behind closed doors soon - possibly by end of month or first week in Apr. (1/4)
So suddenly the 2nd half of the Manchester derby becomes huge for Liverpool, who currently require 3 wins to become Champions. They play #EFC Mar 16, #CPFC Mar 21…and City Apr 5. By then, a ban on public gatherings could be in place. (2/4)
If Liverpool don’t win at City, then it would be Villa at Anfield on Apr 12. Realistically, there seems a very strong prospect that will be a football match played without fans attending, with a ban in place. A painful experience after a 30 year wait for the title. (3/4)
Read 5 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
Wolverhampton Wanderers 2018/19 financial results covered a “successful” season, when they finished 7th in their first season back in the Premier League since 2012, reached the FA Cup semi-final and qualified for the Europa League. Some thoughts in the following thread #WWFC
Since being bought by Chinese investment group Fosun International in July 2016, #WWFC is a club transformed, helped by a close relationship with super-agent Jorge Mendes. Under charismatic manager Nuno Espirito Santo, Wolves can realistically compete for European qualification.
#WWFC swung from £57m loss before tax in the Championship to £20m profit in the Premier League, a £77m improvement, as revenue surged from £26m to a club record £172m and profit on player sales was up £4m to £12m, though costs also increased significantly in the top flight.
Read 40 tweets
Watford’s 2018/19 financial results covered a season that the club understandably described as “successful”, improving their position in the Premier League from 14th to 11th and reaching the FA Cup Final (beaten by #MCFC). Some thoughts in the following thread #WatfordFC
#WatfordFC made a £9.8m profit before tax, compared to a £31m loss in the prior year, as revenue rose £19m (15%) to a record £148m, and profit on player sales increased from £3m to £22m. Also boosted by a £4.5m settlement following Marco Silva’s acrimonious move to #EFC.
#WatfordFC £19m revenue growth was mainly due to a £15m (14%) increase in broadcasting to £124m, thanks to the higher Premier League finishing position and FA Cup run, while there were also rises in commercial, up £3m (28%) to £13.6m, and match day, up £1.3m (16%) to £9.2m.
Read 39 tweets
West Ham’s 2018/19 financial results covered a season when they finished 10th in the Premier League and were eliminated in the 4th found of both the FA Cup and Carabao Cup. Manuel Pellegrini replaced David Moyes as manager in May 2018. Some thoughts in the following thread #WHUFC
#WHUFC swung from £18m profit before tax to a £28m loss, a £46m deterioration, despite revenue rising £15m (9%) to a club record £191m, as profit on player sales fell £17m to £13m and investment in the squad led to a £45m increase in expenses.
The main driver of #WHUFC £15m revenue increase was broadcasting, which rose £9m (7%) to £127m, due to a better Premier League position. There was also useful growth in the other revenue streams: commercial was up £4m (12%) to £36m, while match day was up £3m (11%) to £27m.
Read 41 tweets

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