Discover and read the best of Twitter Threads about #sscnapoli

Most recents (10)

Thread on how much money clubs have already received after the Champions League 2022/23 group stage. Also includes estimates for English clubs in Europa League and Europa Conference League. Some assumptions made about the TV pool, but the figures should be reasonably accurate.
The Champions League accounts for the lion’s share of UEFA revenue with its €2.032 bln being nearly 3 times as much as the Europa League and Europa Conference combined (€700m). The difference is particularly stark in the UEFA coefficient (based on 10-year rankings).
Champions League overall prize money is 3.6 times the Europa League and 5.5 times the Europa Conference, but this varies by round. In general, the difference becomes smaller the further a club progresses, e.g. last 16 it’s 8x and 16x, while for the winners it’s only 2.3x and 4x.
Read 38 tweets
Given the importance of wage bills to the likely success of football clubs, I thought that it would be interesting to look at wages for the Big 5 European leagues in the 2019/20 season (the most recently published accounts). Some thoughts in the following thread.
As a technical note, I have converted wages from Euro denominated leagues to GBP using the 1.14 exchange rate from the Deloitte Money League. To facilitate comparison, I have provided figures for each league in both Euros and GBP, though the overviews are only in GBP.
In England the highest wage bill in 2019/20 was #MCFC £351m, followed by #LFC £326m, #MUFC £284m, #CFC £283m, #AFC £225m and #THFC £181m. It is worth noting that some clubs’ figures were inflated by changing their year-end date, which meant the accounts covered 13 months.
Read 19 tweets
Deloitte have published the 24th edition of their annual Football Money League, which ranks the world’s leading football clubs by revenue, this time covering the 2019/20 season. Some thoughts in the following thread.
The 2019/20 season was impacted by the COVID-19 pandemic, leading to a £1.0 bln (12%) fall in revenue of the top 20 Money League clubs from £8.2 bln to £7.2 bln. Broadcast and match day fell £822m (23%) and £227m (17%) respectively, though commercial rose £87m (3%).
In terms of Euros, match day fell €257m (17%) from €1.5 bln to €1.2 bln, driven by matches either being cancelled or played behind closed doors without fans. Match day revenue is largely derived from gate receipts (including ticket and corporate hospitality sales).
Read 48 tweets
#FCBarcelona recent accounts revealed major debt challenges, but they also highlighted some issues around different definitions of debt, so this thread will take a look at these using 2019/20 accounts from selected clubs and explain why Barca might have more problems than others.
Note: the clubs covered in this review are just a few of those that have already published accounts for the 2019/20 season, so it is not a ranking table as such, but there is enough detail here to illustrate the points made.
At the narrowest extreme, we have just bank debt, but the broadest definition covers total liabilities, which includes all financial obligations, including transfer debt, staff payables, tax liabilities, trade creditors, provisions, accrued expenses and even deferred income.
Read 32 tweets
#SSCNapoli 2019/20 accounts cover a season when they finished 7th in Serie A, but won the Coppa Italia and reached last 16 of the Champions League. Manager Carlo Ancelotti replaced by Gennaro Gattuso in December. Impacted by COVID-19 in the last 3 months. Some thoughts follow.
#SSCNapoli swung from €48m pre-tax profit to €20m loss, a €68m deterioration, as revenue fell €38m (17%) from €217m to €179m and expenses rose €43m (17%) to €295m, partly offset by €13m increase in profit on player sales to €96m. After tax, €29m profit to €19m loss.
All #SSCNapoli revenue streams were lower with broadcasting being the largest reduction, down €22m (15%) to €121m, though there were also falls in commercial, down €5m (11%) to €42m, and match day, down €3m (17%) to €13m. Player loans decreased €8m to €3m.
Read 43 tweets
This thread will look at debt at football clubs, focusing on the Premier League Big Six. The fundamental question is whether this debt is too high, but the answer is complicated by the numerous definitions of debt, all of which can be valid #AFC #CFC #LFC #MCFC #MUFC #THFC
At the narrowest extreme, we have just bank debt, but the broadest extreme covers total liabilities, which includes all financial obligations, including transfer debt, tax liabilities, trade creditors, provisions for future losses, accrued expenses and even deferred income.
The net debt reported in an English club’s financial statement is in line with IFRS (International Financial Reporting Standards) and essentially covers purely financial obligations, such as overdrafts, bank loans, bonds, shareholder loans and finance leases less cash.
Read 46 tweets
Deloitte’s annual Football Money League has become essential reading, but it only ranks the world’s leading football clubs by revenue. The following thread adds details for expenses, profits and balance sheet for an “enhanced” version of the money league.
First, we will include some handy one-pagers that include the details for the Top 20 Money League clubs, both in Sterling and Euros. Then, we will drill into each of these in turn to highlight how each club has performed in various categories (only in Sterling).
The revenue overview includes details for each revenue stream (match day, broadcasting and commercial) with broadcasting further split between domestic and UEFA competitions. Other revenue is mainly player loans that are not always included in the Deloitte definition of revenue.
Read 39 tweets
-All’inizio protestavano perché volevano #Gaucci
-Poi perché ci si allenava a Marano
-Poi per la sede della Società
-Poi perché era romano
-Poi per lo stadio di proprietà
-Poi è cominciato il feroce attacco ai giocatori: ricordo ancora gli insulti a capitan #Cannavaro, ma
soprattutto, le critiche per gli acquisti di #Lavezzi ed #Hamsik: il gordo ed il muccuso li chiamavano...
Sì, perché forse qualcuno non lo ricorda,ma anche Marek, il più forte centrocampista della A degli ultimi 15 anni, quello che ci ha rappresentati di più dopo Diego, è stato
da loro, preso di mira.
Stessa sorte è toccata a tanti altri seri professionisti e soprattutto ragazzi eccezionali: da #Ghoulam a #koulibaly , da #Rui a #Fabian...
Di #Higuain, mister 36, dicevano: “eh ma se era buono mica il Real te lo dava”,”al Real portava le borracce
Read 10 tweets
Here are some financial fact sheets that were requested for a few more international football clubs. Latest available figures are from the 2018/19 season. This thread includes #Atalanta, #Lazio, #SSCNapoli, #Atleti, #WeAreSevilla and #TeamOL
#Atalanta revenue up to €147m, including €31m from Europe (2020 accounts only up to 31 Dec 2019, so don’t include all CL money). Business model very reliant on player trading. Wage bill only €69m with lowest wages to turnover of 47% in Serie A. Second highest profit in Italy.
#Lazio swung from profit to loss in 2019, due to lower profit on player sales. 6th highest in Italy for revenue €124m and wages €86m. Operating loss has widened to €30m, financed by growing debt, up to €60m (6th highest in Italy). Lost shirt sponsor due to anti-gambling law.
Read 7 tweets
#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

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