Discover and read the best of Twitter Threads about #wba

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Charlton Athletic’s 2019/20 accounts covered a season in the Championship following promotion from League One, but they were then relegated after finishing 22nd. New owner Tomas Sandgaard said it was “a difficult one for fans, as they feared for the future of the club.” #CAFC
#CAFC have faced many ownership issues, starting with the deeply unpopular Roland Duchâtelet, who bought the club in 2014. Six years later he sold Charlton to East Street Investments Limited, though it was not long before their owners, Tahnoon Nimer and Matt Southall, fell out. Image
EFL said that the ESI takeover was not approved and imposed a transfer embargo due to funding issues. In June 2020 ESI was taken over by a consortium led by Paul Elliott, but they failed the Owners and Directors test, leading to Thomas Sandgaard acquiring #CAFC in September 2020.
Read 40 tweets
Blackburn Rovers’ financial results for 2019/20 cover a season when they finished 11th in the Championship under Tony Mowbray, the “longest serving manager in the division”. Figures adversely impacted by the COVID-19 pandemic. Some thoughts in the following thread #Rovers
#Rovers loss widened by £4m from £18m to £22m, as revenue fell £3.2m (19%) from £16.7m to £13.2m, while operating expenses grew £3.6m (10%), partly offset by profit on player sales rising £2.5m to £3.1m and £0.6m government furlough income.
All three #Rovers revenue streams were lower, mainly due to COVID: commercial dropped £1.5m (27%) from £5.5m to £4.0m; match day fell £1.0m (29%) from £3.7m to £2.7m; and broadcasting was down £0.6m (8%) from £7.4m to £6.8m.
Read 37 tweets
Sheffield Wednesday’s financial results for 2019/20 cover a season when they finished 16th in the Championship, though they have since been relegated to League One. Manager Garry Monk since replaced by Tony Pulis, in turn succeeded by Darren Moore. Some thoughts follow #SWFC
#SWFC swung from £19m profit to £24m loss, largely due to prior year including £38m profit from selling the stadium and a £6.5m “confidential settlement payment”. Revenue fell £1.9m (8%) from £22.8m to £20.9m, while expenses were flat. Profit on player sales rose £3.4m to £6.2m. Image
#SWFC match day fell £2.0m (23%) from £8.6m to £6.6m, while commercial was down £0.4m (7%) from £6.1m to £5.7m, but broadcasting rose £0.5m (6%) from £8.0m to £8.5m. Note: match day and broadcasting not separated in accounts, so I have estimated these based on similar clubs. Image
Read 44 tweets
Fulham’s financial results for 2019/20 cover a season when they were promoted to the Premier League after just a single year in the Championship, finishing 4th, then winning the play-off under manager Scott Parker. Some thoughts in the following thread #FFC
#FFC pre-tax loss widened from £20m to £48m, as revenue fell £80m (58%) from £138m to £58m, due to relegation to the Championship and the impact of COVID, partly offset by profit on player sales rising £23m to £25m, while expenses were cut £29m (18%). Loss after tax was £45m. Image
#FFC £80m revenue fall was largely driven by broadcasting’s £65m (60%) decrease from £109m to £44m, due to lower TV money in Championship, though commercial also dropped £9m (52%) from £18m to £9m and match day fell £5m (48%) from £11m to £6m. Image
Read 43 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
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
The spark for the protest by Manchester United fans at Old Trafford might have been the deeply unpopular Super League, but it also highlighted an underlying unhappiness with the club’s owners, so I thought it might be interesting to look at the finances under the Glazers #MUFC
The Glazers took control of #MUFC back in June 2005 via a £550m leveraged buyout, so their first full season in control was 2005/06. Therefore, this review will look at the 15 seasons since then, up to 2019/20.
In the last 15 years #MUFC have generated an impressive £5.9 bln revenue, but had £5.4 bln expenses (including £2.9 bln wages and £1 bln player amortisation), leading to £467m operating profit. This was boosted by £257m profit on player sales, but £817m interest meant £92m loss. ImageImage
Read 32 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
No ha sido tan movido como un mercado invernal habitual, pero nos ha dejado movimientos muy interesantes. Hoy es el #DeadLineDay, uno de mis días favoritos del año, por lo que voy a hacer un hilo con los fichajes más destacados en este mercado.

Spoiler alert: Es algo largo.
🎯Joakim Maehle. Del Genk a la Atalanta.

Los 11 millones que costó el danés, ya parecen pocos. Su llegada ha sido suficiente para que la Dea finalizase las cesiones de Mojica, Piccini y Depaoli.

Aprovecha cada minuto. Suplente de lujo para Hateboer y Gosens.
Luka Jovic. De Real Madrid al Eintracht.

Sin oportunidades ni la confianza de Zidane, el serbio ha vuelto a casa. Con Hütter sabe que tendrá que ganarse el puesto, pero de momento es un suplente de lujo: 3 goles en 4 partidos saliendo desde el banco. Reviviendo.
Read 40 tweets
#BristolCity 2019/20 financial results cover a season when they finished 12th in the Championship. Head coach Lee Johnson was replaced by Dean Holden in July 2020. Finances were impacted by COVID-19. Some thoughts in the following thread.
#BristolCity swung from £11m profit before tax to £10m loss, mainly due to profit on player sales falling £12m from £38m to £26m, while revenue dropped £3m (10%) from £30m to £27m and expenses rose £6m (10%) to £64m. After tax, £10m profit to £9m loss.
#BristolCity revenue decrease was mainly driven by commercial falling £2.3m (14%) to £13.9m, though match day also dropped £1.2m (21%) to £4.8m, as 5 games were played behind closed doors. On the other hand, broadcasting increased £0.5m (6%) to £8.6m.
Read 41 tweets
Thread:

Tactics + Attacking Structure of Man Utd vs. West Brom & Man Utd vs. IBFK. #MUFC
Man Utd buildup patterns for near box and middle third are 343 and 3232. When Matic drops between the CBs, Bruno drops to form a pivot with Fred and help the buildup. If AWB drops in the back 3, Mata drops to help. #MUFC
Man Utd pushed WBA push back into their deep block and as such Fred pushed even further. The formation looked like 316 at times. This to pressure the WBA back line. However, #MUFC become even more susceptible to counters.
Read 29 tweets
Hull City’s 2019/20 financial results covered a season when they finished 24th in the Championship, so were relegated to League One under head coach Grant McCann. COVID-19 had a substantial impact on the club’s operations. Some thoughts in the following thread #hcafc
Despite the impact of the pandemic, #hcafc still managed to post a pre-tax profit of around £3m, mainly due to profit on player sales rising £18m to £23m. Revenue fell £32m (67%) from £48m to £16m, as parachute payments stopped. Partly compensated by expenses being cut by £14m.
The main driver of the revenue reduction was broadcasting, which fell £32m (79%) after parachute payments from the Premier League stopped, but the other revenue streams also declined: match day was down £0.8m (13%) to £5.3m, while commercial was £0.2m (10%) lower at £2.1m.
Read 44 tweets
Following the government announcement that plans to allow fans to attend football matches from 1st October would not go ahead, I thought it might be interesting to see how this could impact the revenue of Premier League clubs this season via match day losses due to COVID-19.
First of all, a reminder of how much match day income each Premier League club generated in 2018/19 (the season with the most recent published accounts), including estimates for clubs that have been promoted from the Championship since then.
In 2018/19 Premier League clubs had around £700m of match day revenue with #MUFC leading the way with £111m, followed by #AFC £96m, #LFC £84m, #THFC £82m, #CFC £676m and #MCFC £55m. At the other end of the spectrum, clubs like Burnley, #WBA and #SUFC had less than £10m.
Read 18 tweets
Football clubs generate most of their cash from revenue they earn from gate receipts, TV deals, prize money, sponsorship and merchandising, but often they need additional financing, either from their owners or the banks. This thread looks at financing in the Premier League.
This analysis will cover the last five years from 2014/15 to 2018/19 (the last season when accounts are available), looking at the 20 clubs currently in the Premier League, i.e. including those promoted last season.
In the last 5 years, the 20 Premier League clubs have benefited from £1.9 bln net financing with most of the money coming from their owners £1,569m (81%) and another £366m (19%) sourced from banks. However, there is a big difference between business models at individual clubs.
Read 36 tweets
A THREAD! 👇 Ahead of the new Premier League season, we're going to be asking one tactical question which each club faces ahead of the 2020/21 campaign. Image
First up, the reigning champions... 🏆

Will a creative midfielder unbalance Liverpool's team?

👉 bit.ly/35f7QiG

🔴 #LFC Image
Have Crystal Palace finally replaced Aaron Wan-Bissaka?

👉 bit.ly/3bBGvYR

🦅 #CPFC Image
Read 20 tweets
Earlier this week I posted a thread on the 2018/19 financials for the Big Six Premier League clubs. Today I am going to look at the numbers for the Other 14 clubs #AFCB #BHAFC #BurnleyFC #CardiffCity #CPFC #EFC #FFC #HTAFC #LCFC #NUFC #SaintsFC #WatfordFC #WHUFC #WWFC
Obviously, there will be a significant impact on these numbers in the 2019/20 season (and probably 2020/21 as well) as a result of the COVID-19 lockdown, which has resulted in clubs earning much less revenue for a few months, but how did it look before the pandemic struck? ImageImage
Other 14 Premier League clubs generated £2.2 bln of revenue, but £2.6 bln of expenses (including £1.5 bln wages and £0.6 bln player amortisation) meant £393m operating loss. This was improved by £241m profit on player sales, offset by £35m interest, giving £188m loss before tax. Image
Read 35 tweets
West Bromwich Albion’s 2018/19 financial results covered a season when they finished 4th in the Championship following relegation, losing in the play-offs semi-final. Manager Darren Moore replaced by James Shan in March, followed by Slaven Bilic in June. Some thoughts follow #WBA
#WBA managed to hold pre-tax losses at £7m, despite a “significant” £54m (43%) reduction in revenue from £125m to £71m, as they cut expenses by £50m and increased profit on player sales by £4m to £10m. After tax, the loss remained at £6m, thanks to a £1m tax credit.
The main reason for #WBA £54m revenue reduction was broadcasting, which nearly halved in the Championship, falling from £102m to £53m, though commercial also decreased £5m (30%) to £11m, while gate receipts were only down £0.1m (2%) to £7.3m.
Read 45 tweets
Analysis: #NASDAQ $WBA

Case 216 #Walgreens Boots Alliance Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#WBA 1/4
Chart 1
Weekly Chart: Bouncing ahead of #pivot support but grinding down lower, below 40.24 targets the 1995 #trendline support at 34.40. Strong #support at 28.95-23.20. Immediate #resistance at the .....

WBA 2/4
..... monthly #SMA at 51.24 then weekly SMA 50 and 20 at 53.77/91 respectively, further up trendline and pivot resistance at 58.45.

WBA 3/4
Read 4 tweets
Leeds United have been very poor recently but today was another example of the handicap that’s been forced upon them this season 🤔

The @EFL referees have cost #LUFC a minimum of 15 points since the start of the 2019/20 season 👀

Full thread below 👇
Game 2: #LUFC vs #NFFC

Stuart Dallas hacked down in the final minutes with both referee and his assistant in a perfect position. Penalty not awarded for some unknown reason.

Points Deduction: -2
Game 11: #MFC vs #LUFC

Clear dive in box which leads to goal from a penalty and Leeds forced to play with 10 men for over 80 mins.

EFL later agree it was given in error. Leeds denied a pen when Harrison taken down at other end.

Points Deduction: -3

Read 9 tweets
#BristolCity recently published their 2018/19 financial results, covering a season when they finished 8th in the Championship, their highest position for 11 seasons and just 4 points off a play-off position. Some thoughts in the following thread.
#BristolCity reported £11m profit before tax, a significant improvement on the prior season’s £25m loss, mainly thanks to profit on player sales surging from hardly anything in 2017/18 to £38m last season. Owner Steve Lansdown described the results as “a milestone” for the club.
#BristolCity revenue also rose by £4m (16%) from £26m to £30m, mainly due to commercial income increasing £4.6m (39%) to £16.1m, though broadcasting was also up £0.4m (5%) to £8.1m. On the other hand, match day income fell £0.7m (10%) to £6.0m.
Read 40 tweets
Hull City’s 2018/19 financial results covered a season when they finished 13th in the Championship. Manager Ian Adkins resigned in June, replaced by Grant McCann. The owners, Assem and Ehab Allam, have been looking to sell the club for some time. Some thoughts follow #hcafc
#hcafc profit before tax decreased from £24m to £3m, mainly due to profit on player sales falling by £26m from £31m to £5m. Revenue was down £7m (13%) to £48m, because of lower parachute payments. Partly compensated by expenses being cut by £12m.
The main driver of #hcafc £7m revenue reduction was a £6m cut in parachute payments from the Premier League from £43m to £37m, but the other revenue streams also declined: match day was down £1.1m (15%) to £6.1m, while commercial was £0.6m (20%) lower at £2.3m.
Read 40 tweets
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.
Read 42 tweets
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

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