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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
Took a look at some early team trends especially for those with new managers. First up West Brom and Slaven Bilic...
Clip 1
Slow possession between CBs drawing the press from 1st line of opposition. Width is key though with full backs esp Gibbs wide and wingers high and wide causing gaps to open in half spaces. Positional rotation while possession is built allows wide MF to drop into half-space
Clip 2
Again slow possession in defence not afraid to use GK as the distributor. Slow pace draws opposition 1st line press. Full backs stay high and wide as out ball (nominally Gibbs). Once press is on GK plays long diaganol and FB drives into open space.
Read 9 tweets
Celebrities you shouldn't lend your records to.
1. Steve McQueen
Celebrities you shouldn't lend your records to.
2. The young Maradona (the maturer Maradona prob OK)
Celebrities you shouldn't lend your records to.
3. Marlon Brando
Read 17 tweets
Following my recent analyses of where Premier League and Championship clubs source their money and what they spend it on, I received many questions on how a cash flow statement works, so I will explain the mechanics (using Premier League season 2016/17) in the following thread.
Traditionally, supporters have focused on a club’s profit and loss account, which is not surprising, because: (a) that is what the media tend to report; (b) it is intuitively easy to understand, being basically revenue less expenses (mainly player wages).
Nevertheless, the reported figure is an accounting profit, which is not necessarily a “real” cash profit, as it is based on the accountant’s accruals concept and this can be very different from actual cash movements.
Read 43 tweets
“Revenue is vanity, profit is sanity, but cash is king.” I thought it might be interesting to look at where Premier League clubs source their money and what they spend it on by reviewing the clubs’ cash flow statements over the last decade. Some thoughts in the following thread.
In the 10 years between 2008 and 2017 Premier League clubs had over £8 bln of available cash with more than half (£4.3 bln) generated from their own operating activities and a further £3.4 bln from their owners (loans £1.8 bln and shares £1.6 bln) plus £0.3 bln external loans.
54% of cash came from operations (revenue less expenses +/- movements in working capital) with another 42% from owner financing and 3% from external loans. There was no need for any of the PL clubs to generate cash via (net) player sales or indeed dip into existing cash balances.
Read 20 tweets

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