Swiss Ramble Profile picture
Jan 26, 2023 13 tweets 12 min read Read on X
Detailed review of the Deloitte Money League 2021/22 can be found on my Substack, but some snippets in this short thread.

swissramble.substack.com/p/money-league…
#MCFC £619m reported the highest revenue, just ahead of #RealMadrid £605m with #LFC £594m up to 3rd, overtaking #MUFC £583m, #PSG £554m, #FCBayern £554m and #FCBarcelona £540m.
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.
Despite both Spanish giants growing revenue, they were still far below pre-pandemic levels. #RealMadrid were down €44m (6%), while #FCBarcelona have fallen a massive €203m (24%) from their Money League all-time high of €841m in 2019 (even before pulling economic levers).
Revenue for the Top 20 clubs rose €1.0 bln (13%) from €8.2 bln to €9.2 bln, which is marginally lower than the 2019 peak of €9.3 bln, though still the second highest ever total in the Money League.
3 clubs had match day revenue above £100m, namely #PSG £112m, #MUFC £107m and #THFC £106m, closely followed by #LFC £95m. At the other end of the spectrum, 3 English clubs had revenue less than £25m: #LUFC £24m, #LCFC £21m and #EFC £15m.
#LFC reported the highest broadcasting income of £266m, thanks to good sporting performance. The importance of European qualificatioin is clear.
Highest commercial revenue generated by #PSG £324m, just ahead of #FCBayern £320m and #MCFC £316m. Largest growth since the pandemic came from City and #LFC.
The Premier League contributed a record 11 clubs in the Top 20 and 16 in the Top 30.
#MCFC £619m were £25m ahead of #LFC £594m, even though they were behind the Reds in both match day £41m and broadcasting £17m. These shortfalls were more than offset by commercial, where City report £83m more.
#PSG wage bill is easily the highest of the Money League clubs at a massive £615m, followed by #RealMadrid £441m and #FCBarcelona £395m. Highest placed English club is #MUFC £385m, followed by #LFC £368m, #MCFC £353m and #CFC £342m.
Highest wages to turnover ratio is at #PSG with 111%, followed by three English clubs: #EFC 96%, #NUFC 95% and #LCFC 85%. This helps explain recent financial constraints at Everton and Leicester, while Newcastle are clearly in investment mode.
Much more like this in the Substack.

swissramble.substack.com/p/money-league…

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More from @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 Image
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 Image
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 Image
Read 6 tweets
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 Image
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 Image
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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 Image
Read 6 tweets
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. Image
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
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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 Image
Read 6 tweets
Sep 2
A deep dive into this summer's transfer window, focusing on the Premier League, but also looking at the other major leagues. Image
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 Image
However, Chelsea once again had the highest player sales of £186m, followed by Aston Villa £172m and Manchester City £168m.
#CFC #AVFC #MCFC Image
Read 8 tweets
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 Image
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 Image
Read 7 tweets
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 Image
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 Image
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 Image
Read 7 tweets

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