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Swiss Ramble

@SwissRamble

Nov 11, 2022 • 12 tweets • 7 min read • Read on X

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I’ve had a few questions on the revenue impact of Barcelona’s exit elimination from this season’s Champions League after the group stage. As is often the case, the answer depends on how you look at it #FCBarcelona

As per my model, #FCBarcelona have earned €70.2m from this season’s Champions League, comprising participation fee €15.6m, prize money €7.0m, UEFA coefficient €34.1m and TV pool €15.9m less €2.5m COVID rebate to broadcasters.

As we can see, #FCBarcelona have benefited from their previous good record in Europe with their UEFA coefficient €34.1m payment accounting for nearly half their total €70.2m distribution. This is currently the third highest in Europe, only behind #RealMadrid and #FCBayern.

In addition, #FCBarcelona will receive some money after dropping down to the Europa League, though only an additional €1.4m as it stands: knockout round prize money €0.5m plus estimated TV pool €0.9m.

The club advised that #FCBarcelona had budgeted to reach the quarter-finals of the Champions League. Assuming that they would have won 3 games in the group to secure qualification, that would have given them €94.1m TV money.

Therefore, as it stands, #FCBarcelona have lost €22.5m TV money from their Champions League exit: current revenue €71.6m (Champions League €70.2m plus Europe League €1.4m) less budgeted €94.1m.

However, #FCBarcelona might progress further in the Europa League. Taking the most optimistic assumption where they win the competition would mean €17.4m income, i.e. prize money €14.9m plus TV pool €3.1m less €0.5m COVID rebate.

If #FCBarcelona do manage to get past #MUFC in the knockout round, then win the Europa League, their revenue loss would only be €6.5m: projected revenue €87.6m (Champions League €70.2m plus Europe League €17.4m) less budgeted €94.1m.

At the other end of the spectrum, if #FCBarcelona had won the Champions League, as they have done on 5 occasions, they would have earned a hefty €127.9m. Prize money would have increased to €61.8m, while TV pool would be up to €20.9m (assuming Real Madrid went out in last 16).

Comparing #FCBarcelona actual European revenue of €71.6m with potential €127.9m for winning the Champions League gives a much larger shortfall of €56.3m. Difference is almost entirely lost prize money: last 16 €9.6m, quarter-final €10.6m semi-final €12.5m & winners €20m.

In addition, #FCBarcelona will lose money from lower gate receipts, while sponsorship agreements are likely to include success payments dependent on Champions League progress. On the other hand, #FCBarcelona costs will be reduced, including lower bonus payments.

Joan Laporta said, “The net impact of Champions League will be lower than expected. It will not be 30 or 35 million.” The #FCBarcelona President is probably correct, but, as we have seen, there is no single answer to how much revenue the club has lost.

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More from @SwissRamble

Swiss Ramble

@SwissRamble

Dec 16

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

Read 6 tweets

Swiss Ramble

@SwissRamble

Nov 11

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

Read 6 tweets

Swiss Ramble

@SwissRamble

Sep 16

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

Read 6 tweets

Swiss Ramble

@SwissRamble

Sep 2

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

Read 8 tweets

Swiss Ramble

@SwissRamble

Aug 5

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

Read 7 tweets

Swiss Ramble

@SwissRamble

Jul 1

A review of Ipswich Town's finances, as they return to the Premier League after 22 long years away. Focus is on the latest available accounts from 2022/23, but also has comparisons with Championship clubs and some estimates for the top flight #ITFC

Losses have been growing under the new owners, as they invested in the squad and infrastructure in an attempt to return Ipswich to former glories - which has clearly worked #ITFC

Even though they were in League One, 2022/23 was the first time that the club broke through the £20m revenue barrier since the last time that they were in the Premier League back in 2001/02 #ITFC

Read 7 tweets

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