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

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

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

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 #SAFC The last available accounts from the 2022/23 season are now a full year out of date, but they still offer some indications of how well the strategy is working #SAFC

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

An explanation of how the new format for UEFA competitions will work from next season, including an explanation of the revenue distribution. The number of clubs in the Champions League will increase from 32 to 36 with the group stage of 8 groups of 4 teams being replaced by a single league of 36 teams, then a new knockout round, before reverting to the traditional last 16.

Quick review of the money earned by England's Champions League representatives to date after this week's matches.

#MCFC lead the way with £93m, followed by the other quarter-finalists #AFC £80m. The two clubs eliminated in the group stage earned less: #MUFC £51m and #NUFC £29m. Champions League TV money is split into 4 elements:
- Participation Fee
- Prize Money
- UEFA coefficient
- TV pool

So Everton have been deducted 10 points by the Premier League for a breach of the Profitability & Sustainability Rules #EFC

I have frequently looked at their case, the last time during an overall review of FFP. The article can be found on my blog here swissramble.substack.com/p/financial-fa… However, given the importance of this decision, I've attached a series of screen shots from that article that help explain the background #EFC

Analysis of Rangers' 2022/23 financial results, when pre-tax loss slightly increased to £3m, as revenue fell 4% to £84m and operating expenses rose £11m, partly offset by profit on player sales more than doubling to club record £24m #RangersFC

swissramble.substack.com/p/rangers-fina…
In terms of profitability, #RangersFC and #CelticFC were at the opposite end of the spectrum with Rangers posting a small £3m pre-tax loss, while Celtic generated a record £41m profit.

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.

Detailed review of West Ham's financial results for the 2021/22 season is in my Substack blog, but a few highlights to follow #WHUFC #WHUFC swung from a £27m pre-tax loss to £12m profit, a £39m improvement.

Analysis of Manchester United's first quarter financials for the 2022/23 season. Loss increased, as operational improvement wiped out by higher interest. No dividend payment. Gross financial debt up to £680m. Highest ever PL transfer debt £307m #MUFC swissramble.substack.com/p/manchester-u… A few points from the detailed analysis of Manchester United's Q1 2022/23 results #MUFC

Sensational news emerging off the pitch this evening, as the #Juventus board, including President Andrea Agnelli, has resigned amid "legal and technical/accounting matters", citing issues which the club referred to as "salary manoeuvres”. This relates to players waiving part of their salaries in response to the COVID pandemic in 2019/20 and 2020/21 plus subsequent loyalty bonuses.

#CelticFC 2021/22 accounts cover a season when they regained the Scottish Premiership title under new manager Ange Postecoglou and also won the League Cup, but were eliminated from the Europa League after the group stage. #CelticFC swung from £11.5m pre-tax loss to £6.1m profit (£5.8m after tax), as revenue rose £27m (45%) from £61m to £88m and profit on player sales increased £20m from £9m to club record £29m, partly offset by £25m (29%) higher operating expenses and no repeat of £5m insurance.

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.

Manchester City’s 2021/22 accounts covered a season when they won the Premier League for the fourth time in five years (their sixth title in 11 years) and reached the semi-finals of the Champions League and the FA Cup. Some thoughts follow #MCFC #MCFC chairman Khaldoon Al Mubarak noted that it was also the most successful financial year in the club’s history with chief executive Ferran Soriano highlighting that City broke the club records for both revenue and profits.

After #Benfica won their Champions League group ahead of PSG and Juventus, I thought it might be interesting to take a look at their finances. The 2021/22 accounts cover a season when they only finished 3rd in Primeira Liga, but reached the CL quarter-finals #SLBenfica #SLB Benfica pre-tax loss widened from €34m to €42m (€35m after tax), despite revenue rising €75m (80%) from €94m to club record €169m, as profit from player sales fell €46m from €88m to €42m and expenses increased €37m (17%).

Thread on how much money clubs have already received after the Champions League 2022/23 group stage. Also includes estimates for English clubs in Europa League and Europa Conference League. Some assumptions made about the TV pool, but the figures should be reasonably accurate. The Champions League accounts for the lion’s share of UEFA revenue with its €2.032 bln being nearly 3 times as much as the Europa League and Europa Conference combined (€700m). The difference is particularly stark in the UEFA coefficient (based on 10-year rankings).

Some Liverpool fans are understandably unhappy with their team’s performances this season, identifying a lack of investment as one of the factors, particularly compared to Manchester City. This short thread will look at whether this is indeed the case #LFC #MCFC Most supporters focus on how much a club spends in the transfer market, so let’s start by looking at this. Unfortunately, the most recent accounts are only for the 2020/21 season, so we shall use Transfermarkt for transfer details in the last 2 years (2021/22 and 2022/23).

#FCBarcelona 2021/22 accounts cover a season when they finished 2nd in La Liga and were eliminated at the group stage of the Champions League before reaching Europa League quarter-finals. Head coach Ronald Koeman was replaced by Xavi in November. Some thoughts follow. #FCBarcelona swung from €555m pre-tax loss to €124m profit (€98m after tax), including €266m gain from TV rights sale. Revenue rose €48m (8%) to €639m and profit on player sales increased €24m to €28m, while operating expenses and interest payable were down €44m & €17m.

#Juventus 2021/22 accounts cover a season when they finished 4th in Serie A, won the Coppa Italia, but were eliminated in the Champions League last 16. The club noted that finances were “once again significantly penalised” by COVID. Some thoughts in the following thread. #Juventus pre-tax loss widened from €208m to €252m (€254m after tax), as revenue dropped €35m (8%) from €450m to €415m and profit on player sales fell €3m (9%) to €28m. Operating expenses rose €1m (6%), while net interest payable increased €5m (49%) to €16m.