Quick financial comparison of the clubs playing in the last 16 of 2021/22 Champions League. This is based on 2019/20 figures, as: (1) some clubs have not yet published 2020/21 accounts; (2) 2019/20 is less impacted by COVID with only a few games played behind closed doors.
Based on revenue alone, most of the ties in the last 16 would appear to be mismatches, with the exception of Benfica vs Ajax. That said, history tells us that performances on the pitch do not always neatly correlate with turnover.
It’s a similar story with wages, though PSG £363m wage bill is higher than Real Madrid £332m (in contrast to revenue, where the Spaniards are higher). Atletico Madrid’s £199m wages are a fair way below #MUFC £284m, though the gap is smaller than revenue (£291m vs £509m).
Not all club details are available for squad cost (i.e. PSG, Lille and RB Salzburg are missing), but it is worth noting that Inter £609m and #LFC £634m are quite close. The highest squad costs are #MCFC £978m, Real Madrid £837m, #MUFC £831m, Juventus £823m and #CFC £822m.
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Queens Park Rangers 2020/21 financial results covered a season when they finished a creditable 9th under Mark Warburton, their highest in the Championship since 2013/14, though the campaign was badly disrupted by COVID. Some thoughts in the following thread #QPR
#QPR pre-tax loss narrowed from £16.4m to £4.5m, despite revenue falling £3.8m (21%) from £18.3m to £14.5m, as profit on player sales rose £11.7m to £17.6m and there was no repeat of prior year’s £4.5m write-off of previous training ground development.
#QPR £3.8m revenue reduction was entirely due to the COVID driven £3.8m fall in match day income from £4.0m to just £207k. Broadcasting rose £0.1m (2%) to £8.6m, including iFollow streaming income, while commercial was flat at £5.8m, thanks to furlough payments.
Following Pierre-Emerick Aubameyang’s move to Barcelona, questions have again been asked about Arsenal’s recruitment policy, as the club has once more left a lot of money on the table after the free transfer of an expensive purchase #AFC
Looking at players that #AFC have sold in the last 5 years (2017/18 to 2021/22), we can see that the club has lost £163m (in cash terms) in this period with £136m of that coming from just 3 acquisitions: Aubameyang £57m, Mesut Ozil £42m and Shkodran Mustafi £37m.
In this period #AFC have rarely made big money on any transfers with only 3 deals generating gains above £20m: Alex Iwobi to #EFC £27m, Joe Willock to #NUFC £26m and Alex Oxlade-Chamberlain to #LFC £22m. The first two are homegrown with only The Ox being a purchase.
Inter’s 2020/21 accounts cover a season when they won Serie A under Antonio Conte and also reached the Coppa Italia semi-finals, but were eliminated at the group stage in the Champions League. Figures significantly impacted by COVID. Some thoughts in the following thread #Inter
#Inter pre-tax loss widened from €97m to €239m (post-tax €246m), despite revenue increasing €51m (17%) to €354m, as profit on player sales fell €61m to just €246k. Operating expenses rose €123m, including large once-off charges, while net interest was up €10m to €35m.
#Inter broadcasting income rose €74m (56%) from €132m to €206m, mainly revenue deferred from 2019/20 accounts, and commercial increased €27m (24%) from €115m to €142m. Compensated for COVID driven falls in match day, down €47m to zero, and player loans, down €3m to €6m.
#Juventus have signed Serbian forward Dusan Vlahovic from Fiorentina for a €70m transfer fee (plus €10m add-ons) and €11.6m agent fees/FIFA solidarity payments. Given the financial challenges outlined by chairman Andrea Agnelli, some fans are wondering how this is possible.
As a reminder, #Juventus reported a massive €210m net loss in 2020/21, only “beaten” in Europe by Barcelona €481m and Inter €246m. The club has lost money 4 years in a row, including €300m in the last 2 years alone, and has forecast another “significant loss” for this season.
Moreover, #Juventus operating loss, i.e. excluding player sales and interest, has been on a steady downward trend, falling from just €1m in 2015 to €228m last season. In fact, their €234m deficit in 2020 was the highest (worst) in Europe.
Brentford’s 2020/21 financial results covered a “momentous” season when they were promoted to the Premier League following victory in the Championship play-off final and also reached the Carabao Cup semi-final. Some thoughts in the following thread #BrentfordFC
#BrentfordFC pre-tax loss slightly improved from £9.1m to £8.5m (£2.4m after tax), as profit from player sales rose £19m to £44m and revenue grew £1.4m (10%) from £13.9m to a club record £15.3m. Largely offset by operating expenses, up £22m (46%), including £12m promotion bonus.
#BrentfordFC revenue increase was driven by broadcasting, up £3.4m (47%) from £7.3m to £10.7m, partly due to deferred TV money from 2019/20, with commercial also up £0.9m (26%) to £4.5m, which offset COVID driven reduction in match day, down £2.9m (95%) to just £155k.
Following yesterday’s thread on Manchester City's financial results, I had a couple of requests to look at the combined cost of wages and player amortisation for a view of total staff costs, i.e. considering both wages and transfer fees, so here’s a quick analysis #MCFC
#MCFC wages + player amortisation has risen by £209m (72%) in last 5 years from £292m to £500m (half a billion), which is only £5m more than #CFC £495m. City’s £355m wages are £22m higher than Chelsea’s £333m, but the Londoners’ £162m amortisation is £16m more than City’s £146m.
In terms of wages + player amortisation, #MCFC £500m and #CFC £495m are well clear of the other Premier League clubs with the closest challengers being #MUFC £443m and #LFC £432m (2019/20 figures), then another sizeable gap to #AFC £334m, #THFC £279m, #EFC £264m and #LCFC £235m.