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#RealMadrid 2017/18 accounts cover a season when they finished third in La Liga, but won the Champions League for a third consecutive year, the fourth time in 5 years, plus the Club World Cup and European and Spanish Super Cups. Some thoughts in the following thread.
#RealMadrid profit before tax increased by €17m from €26m to €43m (profit after tax up €10m from €21m to €31m). Revenue (Madrid’s definition) rose 11% (€76m), their largest rise since 2000, to a record high of €751m, while profit on player sales was 4% (€2m) up at €54m.
All #RealMadrid revenue streams increased with the largest growth in marketing €41m (16%) to €295m, followed by international & friendly matches €13m (17%) to €100m, broadcasting €13m (8%) to €178m and membership fees & stadium revenue €8m (5%) to €174m.
Read 39 tweets
Manchester United are the second Premier League club after #MCFC to publish 2017/18 financial results, covering a season when they were runners-up in the league and FA Cup, but were eliminated by Sevilla in the Champions League last 16. Some thoughts in the following thread #MUFC
#MUFC profit before tax down from £57m to £26m, mainly due to higher player costs, as wage bill shot up £32m and player amortisation rose £14m, while revenue only up £9m. Tax bill increased from £17m to £63m as a change in US corporate tax rate led to a £49m non-cash write-off.
#MUFC revenue only grew £9m (2%). Only meaningful increase was broadcasting, up £10m (5%) to £204m. Commercial income was basically flat at £276m, while match day dropped £2m (2%) to £110m. Profit on player sales rose £7m to £18m.
Read 39 tweets
Ten years after Sheikh Mansour acquired the club, Manchester City’s 2017/18 financial results covered a season when they won the Premier League in some style, won the League Cup and reached the Champions League quarter-finals. Some thoughts in the following thread #MCFC
#MCFC profit before tax up from £0.1m (£1.1m after tax) to £10.4m, as previous season was adversely impacted by change in year-end resulting in an extra month’s costs with minimal revenue uplift. Revenue rose £27m (6%) to £500.5m, only second English club above £0.5 bln.
All #MCFC revenue streams up: commercial income rose £14m (7%) to £232m; broadcasting increased £8m (4%) to £212m; and match day was £5m (9%) higher at £57m. Profit on player sales was up £4m to £39m.
Read 37 tweets
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Prize money for UEFA club competitions significantly increases in 2018/19, including a new coefficient ranking payment that better rewards historically successful clubs rather than those with larger national TV rights deals. Some thoughts follow on Champions League distribution.
The amount distributed to clubs in UEFA Champions League (group stage onwards) will rise €681m (54%) from €1.269 bln to €1.950 bln in 2018/19. This is split: participation €488m (25%), performance €585m (30%), TV pool €292m (15%) and coefficient rankings €585m (30%).
In 2018/19 each of the 32 clubs qualifying for Champions League group stage gets €15.25m plus €2.7m for a win and €900k for a draw. Additional prize money for each further stage reached: last 16 €9.5m, quarter-final €10.5m, semi-final €12m, final €15m and winners €19m.
Read 15 tweets
As talk intensifies of a potential move of Arsenal’s chief executive, Ivan Gazidis, to Milan, I thought it would be interesting to look at how the club’s financials have developed since he arrived in January 2009. Some thoughts in the following thread #AFC #Milan #ACMilan
#AFC revenue has grown by an impressive £198m under Gazidis, only outpaced by #MCFC £366m & #MUFC £303m in absolute terms. However, this was the 2nd smallest % growth of Big 6. Furthermore, 2017/18 revenue is likely to be £40-50m lower, due to not qualifying for Champions League.
Analysing #AFC £198m revenue growth under Gazidis, most (£125m) is from TV, due to central Premier League deals. As Warren Buffett said, “a rising tide lifts all boats”. Commercial up £69m, but this was a slam dunk after long-term sponsorships linked to stadium funding expired.
Read 12 tweets
Emery: "We only have three players: Carl Jenkinson, David Ospina and Joel Campbell, with the possibility to leave. But the other players are with us and we are going to work in the Emirates the day before the match with all the players."
Emery: "Only two young players are going today, to play tomorrow with the under-23s against Man City away. They are Emile Smith Rowe and Eddie Nketiah. The others are with us and tomorrow we decide the group for going to the hotel and also the first 11 and the first 18 players."
Emery confirms that Nacho Monreal trained with the first team today but he could start Maitland-Niles at left-back against #MCFC if the Spaniard isn't fully fit.
Read 5 tweets
Although the 2016/17 financial results for the Premier League are now a season out-of-date, they are still the most recent published by the clubs, so I thought some comparisons might be interesting as we head into the 2017/18 season. Thread follows.
Thanks to a combination of the PL TV deal and FFP wage controls, almost all clubs are now profitable with only #SAFC reporting a loss. #LCFC led the way with £92m profit before tax, the highest ever made in the Premier League, followed by #THFC £58m, #MUFC £57m and #AFC £45m.
Profit on player sales is an increasingly important element in driving the improved profitability of some Premier League clubs. In 2016/17 highest profits were made by Chelsea £69m (Oscar to Shanghai SIPG), Everton £52m (Stones to #MCFC) and Southampton £42m (Mané to #LFC).
Read 28 tweets
Middlesbrough’s 2016/17 financial results covered their first season back in the Premier League since 2008/09, but it ended in disappointment with relegation to the Championship and the dismissal of manager Aitor Karanka in March. Some thoughts in the following thread #Boro
Following promotion to Premier League #Boro converted pre-tax £32.0m loss to £6.9m profit, as revenue increased by £100m to a record £121m and profit on player sales was up £7m to £11m. After tax, profit was £11.5m, compared to £25.9m loss in 15/16, thanks to a £4.6m tax credit.
#Boro £100m revenue growth was very largely driven by broadcasting’s £95m increase to £102m, due to the much higher money in the Premier League (plus first year on new deal), while commercial also increased £3.1m (39%) to £11.1 m and gate receipts were £1.4m (20%) up at £8.7m.
Read 33 tweets
Tottenham Hotspur’s 2016/17 financial results covered the club’s last season at the old White Hart Lane, when they finished 2nd in the Premier League, played in the Champions League and reached the FA Cup semi-finals. Some thoughts in the following thread #THFC
#THFC profit before tax improved by £20m from £38m to £58m with revenue rising by 46% (£97m) to a record £306m and profit on player sales up £13m to £40m. Profit after tax “only” increased by £8m from £33m to £41m, as tax charge was £11m higher at £17m.
#THFC revenue growth was largely due to broadcasting rising £78m (71%) to £188m, driven by the new Premier League TV deal and Champions League bringing in twice as much as the Europa League. Commercial increased £14m (24%) to £73m, while match day was up £5m (11%) to £45m.
Read 42 tweets
Burnley’s 2016/17 financial results covered a season when they finished 16th in the Premier League, thus securing consecutive seasons in the top flight for the first time since 1974, having been promoted from the Championship in 2015/16. Some thoughts follow #BurnleyFC
Following promotion to the Premier League #BurnleyFC converted a pre-tax £4.8m loss to £27.3m profit, as revenue tripled from £40m to a record £121m, though profit on player sales was down £11m to £1.3m. After tax, the club made a £22.2m profit, compared to a £3.7m loss in 15/16.
#BurnleyFC £81m revenue growth was very largely driven by broadcasting’s £75m increase to £105m, due to the much higher money in the Premier League (plus first year of new deal), while commercial also increased £4.9m (91%) to £10.4m and match day was £0.9m (18%) up at £5.8m.
Read 34 tweets
Immigrants were once benefits scroungers; then they were health tourists; then they drove down wages...the emphasis shifts, but the subtext is constant. Ditto #MCFC
~ City ruined English football via reliance on foreign talent, not the Invincibles in 04 or LFC's 05 CL winners >
~ City's excessive spending has ruined the transfer market. The CIES Observatory listings for record transfer fees, adjusted for inflation, shows that of the top 20 fees paid, United register 10, Chelsea 7, yet City only 1 (one!) >>
~ City's success is bought, not earned. United, Chelsea, Arsenal and Liverpool all have record transfer fees in excess of the £57m City paid for Laporte; all also carry club debt, unlike City. >>>
Read 6 tweets
Liverpool’s 2016/17 financial results included their highest ever revenue, despite not playing in Europe, though they finished 4th in the Premier League and reached the semi-finals of the EFL Cup. Some thoughts in the following thread #LFC
#LFC converted £20m loss before tax to £40m profit with revenue growing by 21% (£62m) to a record £364m, though profit on player sales was down £4m at £38m (mainly Christian Benteke, Jordon Ibe, Joe Allen & Martin Skrtel), as no repeat of Raheem Sterling’s big money sale to City.
#LFC revenue was driven by the new Premier League TV deal, though partly offset by no Europa League money, with a net increase in broadcasting income of £31m to £154m. The expanded Main Stand saw match day rise £11m to £74m, while commercial was up £21m to £136m.
Read 37 tweets
West Ham’s 2016/17 financial results covered their first season in the new London Stadium. Despite dropping to 11th place in the Premier League, they reported record revenue and profit. Some thoughts in the following thread #WHUFC
#WHUFC improved the bottom line by £48m, as they converted a £5m loss to £43m profit with revenue growing by 29% (£41m) to £183m. Profit on player sales was up £24m, mainly due to transfers of Dimitri Payet to Marseille and James Tomkins to Crystal Palace.
#WHUFC revenue growth was driven by the new Premier League TV deal with a net increase in broadcasting income of £33m (38%) to £119m. Commercial income also rose by £7m (25%) to £35m, while match receipts were £2m (6%) higher in the new stadium at £29m.
Read 33 tweets
Arsenal this week announced their financial results for the first half of the 2017/18 season, reflecting the impact of competing in the Europa League instead of the Champions League plus continuing investment in the playing squad. Some thoughts in the following thread #AFC
#AFC profit before tax almost doubled from £13m to £25m, though a substantial 71% reduction in (cash) operating profit from £56m to £16m was compensated by a surge in profits from player sales from £6m to £58m (Oxlade-Chamberlain, Szczesny, Gabriel and Gibbs in the summer).
#AFC H1 revenue decreased 12% (£23m) from £191m to £168m, mainly due to dropping into the Europa League. All revenue streams were impacted: broadcasting fell 19% (£16m) from £85m to £69m; match day down 7% (£3m) from £46m to £43m; commercial down 4% (£2m) from £58m to £56m.
Read 21 tweets
Bayern Munich recently published their 2016/17 financial results. Some thoughts follow #FCBayern
#FCBayern profit before tax increased by 23% (€12m) from €54m to a record €66m (profit after tax up from €33m to €39m). Revenue including player sales (Bayern’s definition) also rose €14m to reach a record high of €641m.
#FCBayern profit increase largely due to player sales, up €18m to €53m (Götze and Rode to Dortmund, Hojbjerg to Southampton), while player amortisation also fell €8m.
Read 21 tweets
Lots of tweets with "FSG only interested in profit". If so, they're not very good at it. +£20m losses in 4 of 6 FYs since #lfc takeover.
The more serious point is that they're interested in #lfc as a long-term investment and (a) that's not a surprise and (b) isn't a problem.
There are now very few, if no people/investment groups who buy top-flight football clubs with simply pure and noble sporting objectives.
Read 71 tweets
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