After a couple of requests, I’ve prepared some of the new financial fact sheets for a few Portuguese clubs. This thread includes overviews for Benfica, Porto and Sporting CP #Benfica#SLBenfica#FCPorto#SportingCP
#Benfica revenue rose 36% in 2019 to €166m, mainly due to Europe (Champions League group plus Europa League QF). Wages up to €97m. €35m operating loss offset by €70m profit on player sales and €10m interest to give €25m pre-tax profit. Debt halved to €148m in last 3 years.
#FCPorto revenue surged 67% in 2019 to €176m, due to reaching Champions League quarter-finals and new domestic TV deal. Posted €11m pre-tax profit, helped by €43m profit from player sales. Wages up to €92m. Debt cut from €279m to €222m, though net interest still €21m.
#SportingCP revenue fell 15% in 2019 to €93m, as only qualified for Europa League. Wages cut to €70m, but wages to turnover quite high at 76%. Operating loss steadily widened to €66m, partly offset by €66m profit on player sales. Highest financial debt in Portugal of €235m.
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The recent sale of Khvicha Kvaratskhelia to Paris Saint-Germain for a reported €70m once again highlighted Napoli’s ability to make big money from transfers #sscnapoli
In fact, Napoli have four of the top ten player sales profits ever in Italy, also including Higuain, Cavani and Jorginho. Furthermore, they have made the highest profit from player sales in Italy in the last five years with nearly €300m #sscnapoli
This has helped Napoli generate an incredible €209m of profits in the last two seasons, which is in stark contrast to the losses registered at most of their rivals. They have fully recovered from the COVID-impacted seasons #sscnapoli
While Manchester City have hit some bad form on the pitch recently, their financial results for the 2023/24 season were pretty impressive, featuring a new Premier League revenue record of £715m and a substantial £74m profit #MCFC
City's revenue slightly increased to £715m, which means that this has risen by more than a third (£180m) in just five years from the 2019 pre-pandemic level of £535m. Growth has been led by commercial, which now accounts for 48% of total income #MCFC
Player trading has become increasingly important to City, having made £122m in 2022/23 and £139m in 2023/24. Up until 2019/20 the club had not generated more than £40m, so they have significantly improved this area of their operations #MCFC
Review of Rangers' financial results for the 2023/24 season, when when they finished as runners-up in the SPFL Premiership for the third year in a row, were defeated in the Scottish Cup Final, but did win the League Cup. Also reached the Europa League last 16 #RangersFC
After two years of small losses, when they very nearly broke-even, Rangers lost £17m before tax, mainly because profit from player sales dropped from £24m to £6m #RangersFC
Rangers' revenue rose £4.5m (5%) from £83.8m to a club record £88.3m, which means that this has grown by an impressive £35.1m (66%) in the last five years from £53.2m #RangersFC
Review of Manchester United's financial results for the 2023/24 season. As always, #MUFC are the first Premier League club to publish their accounts.
The period included official confirmation of the deal whereby Sir Jim Ratcliffe acquired a 27.7% stake in United.
On the plus side, revenue rose £14m (2%) from £648m to a new club record of £662m, while profit from player sales increased from £20m to £37m, United's best result for 15 years #MUFC
However, the pre-tax loss quadrupled, widening by £98m from £33m to £131m, the second worst in United’s history. Club has posted a loss 5 years in a row, compared to healthy profits in five of the six years up to 2018/19 #MUFC
A deep dive into this summer's transfer window, focusing on the Premier League, but also looking at the other major leagues.
Chelsea had the highest gross transfer spend in the Premier League for the third year in a row, i.e. ever since the Clearlake Capital crew arrived, with a hefty £265m.
Lowest gross spends were at Manchester City £25m and Liverpool £43m.
#CFC #MCFC #LFC
However, Chelsea once again had the highest player sales of £186m, followed by Aston Villa £172m and Manchester City £168m.
#CFC #AVFC #MCFC
As Sunderland prepare for the new season, I took a look at the club's focus on sustainability. How close are they to achieving this and what are the implications for the performance on the pitch? #SAFC
The last available accounts from the 2022/23 season are now a full year out of date, but they still offer some indications of how well the strategy is working #SAFC
The bad news is that Sunderland have reported losses 17 years in a row, adding up to a hefty £272m. However, more positively, the club has drastically reduced the size of its losses, averaging less than £7m in the last four years, compared to £20m in the preceding decade #SAFC