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May 24 • 3 tweets • 3 min read
A few people have asked how much #RangersFC earned for reaching the Europa League final. My estimate is £17m (€19.3m) TV money. Would have got another €4m if they had won the final.

This compare to #CelticFC £9m (€10.5m) for group stage plus Conference League knockout round.
#CelticFC earnings boosted by having a higher UEFA coefficient payment (€3.4m) than #RangersFC (€0.9m), as they are ranked higher based on performances in UEFA tournaments over the last 10 years (Celtic 38th vs Rangers 98th). Figures will be updated after this season.
In addition, both clubs' revenue will include money for additional gate receipts and bonuses in commercial deals, partially offset by higher variable compensation for players and other staff.

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More from @SwissRamble

Swiss Ramble Profile picture
May 24
The Champions League final between Liverpool and Real Madrid on Saturday night is a mouth-watering prospect, but how much money is it worth to the Reds? #LFC
My model suggests that #LFC have already earned around £102m (€117.6m) for reaching the Champions League final.

This comprises participation fee €15.6m, prize money €66.3, UEFA coefficient €22.7m and TV pool €17.1m less COVID rebate €4.1m.
However, #LFC Champions League earnings this year are restricted by their third place finish in last season's Premier League, which means they only receive 20% of the first half of the TV pool.
Read 9 tweets
Swiss Ramble Profile picture
May 24
UEFA has published the revenue distributions for the Champions League and Europa League in the 2020/21 season. Although these are very close to the modelled figures that I have previously provided, I thought some people might like to have the final, official figures.
Unsurprisingly, the two Champions League finalists earned the most with winners #CFC and #runners-up MCFC receiving £105m and £104m respectively, followed by #RealMadrid and #PSG, both £96m, then #FCBayern £81m and #LFC £77m.
Clubs in the Europa League received a lot less with winners #Villarreal getting only £29m, followed by semi-finalists #AFC £26m and #ASRoma £21m, then #THFC £16m. Runners-up #MUFC earned £15m after dropping down from the Champions League, while #LCFC got £14m.
Read 22 tweets
Swiss Ramble Profile picture
May 23
Newcastle United’s 2020/21 financial results cover a season when they finished 12th in the Premier League under head coach Steve Bruce, since replaced by Eddie Howe in November 2021. Disrupted by the COVID-19 pandemic. Some thoughts in the following thread #NUFC
This was the last set of accounts under Mike Ashley’s ownership, as the club was acquired in October 2021 by Saudi Arabia’s Public Investment Fund (80% stake), as well as PCP Capital Partners (10%) and RB Sports & Media (10%).
#NUFC pre-tax loss reduced from £26m to £14m, despite revenue falling £13m (8%) from £153m to £140m and profit on player sales dropping £24m to £2m, as operating expenses decreased £51m (25%), mainly due to change in accounting date. Loss after tax narrowed from £23m to £12m.
Read 52 tweets
Swiss Ramble Profile picture
May 21
Leeds United and Burnley have written to the Premier League, threatening to take legal action for their failure to punish Everton for what they believe to be a serious breach of the regulations. Relegation would have significant financial consequences. #EFC #LUFC #BurnleyFC
If a club breaches the Premier League’s Profitability and Sustainability rules, it can face sanctions ranging from fines to points deductions. #LUFC and #BurnlyyFC would argue that #EFC have enjoyed a competitive advantage, as the league has not sanctioned their high spending.
#EFC are adamant that they are in line: “'We have worked so closely with the Premier League to make sure we are compliant. We are comfortable we have complied with the rules. External auditors have told us what we can and cannot claim against the pandemic.”
Read 27 tweets
Swiss Ramble Profile picture
May 12
Paris Saint-Germain’s 2020/21 accounts cover a season when they were Ligue 1 runners-up, though they won the title again in 2021/22, their 8th in 10 years. Also reached the Champions League semi-final and won the Coupe de France. Some thoughts in the following thread #PSG
#PSG were acquired in 2011 by Qatar Sports Investments (QSI), a subsidiary of Qatar's sovereign wealth fund Qatar Investment Authority (QIA), making the club by far the richest in France and one of the wealthiest in the world. Nasser Al-Khelaifi is the club’s chairman and CEO.
Partially due to COVID, #PSG pre-tax loss increased by €100m from €125m to club record €225m, despite revenue increasing €10m (2%) from €560m to €570m, as €55m profit on player sales turned into a €5m loss, while operating expenses shot up €56m (8%). Post-tax loss €224m Image
Read 50 tweets
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May 9
Sheffield United’s 2020/21 accounts covered a season when they finished 20th in the Premier League, leading to relegation after a two-year spell in the top flight. Manager Chris Wilder was replaced by Paul Heckingbottom (interim basis). Some thoughts follow #SUFC #twitterblades
This was the second year under new #SUFC owner Prince Abdullah after the High Court ruled that Kevin McCabe had to sell his 50% share to the Prince. This also triggered an agreement whereby the club had to purchase the stadium, training facility, gym, hotel and offices for £38m.
#SUFC pre-tax profit fell from £19m to £10m, as revenue dropped £28m (20%) from club record £143m to £115m and profit on player sales decreased £3m to £1m, partly offset by operating expenses falling £21m (17%). Net interest payable was up £1.7m to £2.5m.
Read 43 tweets

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