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.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
An explanation of how the new format for UEFA competitions will work from next season, including an explanation of the revenue distribution.
The number of clubs in the Champions League will increase from 32 to 36 with the group stage of 8 groups of 4 teams being replaced by a single league of 36 teams, then a new knockout round, before reverting to the traditional last 16.
Total revenue distribution will increase by 21% from €2.7 bln to €3.5 bln. Lion's share will go to the Champions League €2.5 bln, followed by Europa League €565m and Europa Conference €285m.
Quick review of the money earned by England's Champions League representatives to date after this week's matches.
#MCFC lead the way with £93m, followed by the other quarter-finalists #AFC £80m. The two clubs eliminated in the group stage earned less: #MUFC £51m and #NUFC £29m.
Champions League TV money is split into 4 elements:
- Participation Fee
- Prize Money
- UEFA coefficient
- TV pool
Each club that reaches the group stage receives a €15.6m participation fee.
So Everton have been deducted 10 points by the Premier League for a breach of the Profitability & Sustainability Rules #EFC
I have frequently looked at their case, the last time during an overall review of FFP. The article can be found on my blog here swissramble.substack.com/p/financial-fa…
However, given the importance of this decision, I've attached a series of screen shots from that article that help explain the background #EFC
First, Everton's initial FFP situation over the monitoring period up to 2021/22, where they are a fair way over the maximum allowed loss #EFC
Analysis of Rangers' 2022/23 financial results, when pre-tax loss slightly increased to £3m, as revenue fell 4% to £84m and operating expenses rose £11m, partly offset by profit on player sales more than doubling to club record £24m #RangersFC
In terms of profitability, #RangersFC and #CelticFC were at the opposite end of the spectrum with Rangers posting a small £3m pre-tax loss, while Celtic generated a record £41m profit.
Given that both clubs qualified for the Champions League, the size of the gap might come as a surprise. Cost bases are very similar, but #CelticFC revenue is substantially higher plus once-off other income, partly offset by #RangersFC better player sales.
8 of the 9 highest revenue increases over 2020/21 came from English clubs. #LFC led the way with an impressive £106m, followed by #MUFC £89m and #THFC £82m. The biggest reductions were at two Italian clubs, troubled Juventus £44m and Inter £32m.