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Swiss Ramble

@SwissRamble

6 Sep

Many Liverpool fans are unhappy that their club has not bought more players in this summer’s transfer window. This thread looks at where the money has gone, reviews the #LFC business model under FSG and explains why the approach is less restrained at other clubs.

This summer #LFC only spent £36m on RB Leipzig defender Ibrahim Konaté, by far the lowest of the Big Six. Four clubs splashed out more than £100m:#AFC £149m, #MUFC £126m, #MCFC £115m and #CFC £108m. On a net basis, #LFC £11m was second smallest, as #CFC made £110m sales.

Even though #LFC spent £74m the prior season, mainly on Jota, Thiago & Tsimikas, their £110m gross spend in the last two years is still the lowest of the Big Six, far below #CFC £330m, #MCFC £260m, #AFC £226m. #MUFC £201m and #THFC £160m. Liverpool also had the lowest net spend.

Read 49 tweets

Swiss Ramble

@SwissRamble

26 Aug

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

Swiss Ramble

@SwissRamble

23 Aug

The COVID-19 pandemic has had a significant adverse impact on football clubs, though it is important to distinguish between money that has been completely lost to the game and income that has simply been deferred. This thread will analyse what this means for the Premier League.

Many clubs have listed the revenue impact of COVID-19 in their accounts, while others have not quantified the amounts. In the latter case, I have made assumptions consistent with those clubs who have provided figures in order to estimate the impact.

On the face of it, Premier League revenue held up quite well in 2019/20, though there were only 3 months impacted by the pandemic that season, as 4 clubs reported revenue above £400m (#MUFC £509m, #LFC £490m, #MCFC £478m & #CFC £407m), while all but one club was higher than £100m

Read 34 tweets

Swiss Ramble

@SwissRamble

19 Aug

I have put together a graphical overview covering some key areas of football finance:

1. Profit & Loss
2. Revenue
3. Expenses
4. Balance Sheet

Each of the 4 pages includes 6 graphs showing 10-year trend for a club, starting with the “Big Six” #AFC #CFC #LFC #MCFC #MUFC #THFC

Arsenal graphical overview covering some key areas of football finance:

1. Profit & Loss
2. Revenue
3. Expenses
4. Balance Sheet

Each of the 4 pages includes 6 graphs showing the 10-year trend for #AFC

Chelsea graphical overview covering some key areas of football finance:

1. Profit & Loss
2. Revenue
3. Expenses
4. Balance Sheet

Each of the 4 pages includes 6 graphs showing the 10-year trend for #CFC

Read 8 tweets

Swiss Ramble

@SwissRamble

16 Aug

Paris Saint-Germain’s signing of Lionel #Messi from #FCBarcelona has come as a major surprise to the footballing world. This thread will look at the financial implications and explain how #PSG are likely to still be able to meet UEFA’s Financial Fair Play (FFP) targets.

Despite a €99m (15%) fall in revenue in 2020, partly due to the COVID pandemic, #PSG wage bill still rose €43m (12%) to €414m, the club’s highest ever. This was more than 3 times as much as the closest challenger in France, Lyon with €132m, representing 29% of Ligue 1 wages.

#PSG €414m wage bill is the second highest in Europe, only surpassed by #FCBarcelona €443m (before their La Liga salary cap challenges), but more than clubs like #MCFC €401m, #RealMadrid €378m, #LFC €371m, #FCBayern €340m, #MUFC €324m and #CFC €323m.

Read 50 tweets

Swiss Ramble

@SwissRamble

9 Aug

Newcastle United’s 2019/20 financial results cover a season when they finished 13th in the Premier League for the second year in a row. Disrupted by the COVID-19 pandemic. Some thoughts in the following thread #NUFC

#NUFC swung from £41m pre-tax profit to £26m loss, as revenue fell £23.8m (14%) from £176.4m to £152.6m, partly due to COVID, while expenses increased £45m (28%), including an additional month of accounts. Profit on player sales was up £2m to £26m. Loss after tax was £23m.

Main driver of #NUFC revenue reduction was broadcasting, which fell £18m (14%) from £124m to £106m, while match day dropped £7.4m (30%) from £24.8m to £17.4m. However, commercial rose £1.4m (5%) from £27.7m to £29.1m, including £1.2m from government job retention scheme.

Read 52 tweets

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