Football Finances

[aimaad22 4850]

Ooh that's a nice little compensatory claim right there. I suppose we'll wait till City's proceedings are done.

[The Fish 11349]

23 hours ago, PaddockLad said:

I’d love to be so clever that I don’t need the world explained to me by others  

 

 

It's more of a curse than you think.

[Alex 37307]

Who told you that? 

[LondonBlue 1048]

The Javier Tebas story that was in the media yesterday, saying City (and PSG), have broken European law feels like a non story.

Essentially he complained, by letter, to the European Commission in 2023 that the CFG, and by extension City had broken a European law.

The law in question was new and came in on 12th July 2023.

The law relates to state owned businesses.

Essentially it says that states putting money into businesses is uncompetitive, unfair on its rivals.

 

The UK not being in the EU is no get out as we still operate within it.

City aren't state owned, but i believe that you are so thought i'd post it here.

Fairly sure that the CAS statement said that we're not state owned too. We're owned by a member of the ruling family. 

Apparently he has heard nothing back from the European Commission, but states it as being ongoing.

Personally I assume that means any contracts signed prior to that are golden and no one need worry.

 

The story was in the papers in 2023, so i'm not sure why its in the news. Maybe they've got wind of us winning the 115.

 

[Gemmill 51256]

It's a lot of smoke for there to be no fire... 😋

[ewerk 33655]

45 minutes ago, LondonBlue said:

Fairly sure that the CAS statement said that we're not state owned too. We're owned by a member of the ruling family. 

 

We're owned by an investment fund. So I guess neither of us are state owned.

 

 

[LondonBlue 1048]

15 minutes ago, Gemmill said:

It's a lot of smoke for there to be no fire... 😋

 

It's desperation. 

 

Tebas is a Real Madrid fan and he hates us.

 

Not helped by Sheikh Mansour pulling out of a huge finance deal (daily mail) to upgrade the Bernabeu back in 2014.  

 

Real tried to restructure payments. The Sheikh said no and pulled out of the finance deal. Real tried to sue the Sheikh but failed. Real ended up getting the finance elsewhere and it cost them a lot more.

 

 

[LondonBlue 1048]

Just now, ewerk said:

 

We're owned by an investment fund. So I guess neither of us are state owned.

 

 

 

mate i honestly don't care about who owns who.

 

love that gif though

[Dr Gloom 23966]

our takeover was only approved after the Premier League received “legally binding assurances” that PIF was separate from the Saudi government

 

[wykikitoon 23347]

Take from Swiss Ramble

 

Dippers Finances;

 

 

 

[OTF 8572]

On 01/03/2025 at 00:36, Dr Gloom said:

our takeover was only approved after the Premier League received “legally binding assurances” that PIF was separate from the Saudi government

 

Can a mod please change @LondonBlue's avatar to the above image. TIA.

[wykikitoon 23347]

https://gregcordell.substack.com/p/liverpool-fc-202324-financial-results?utm_source=multiple-personal-recommendations-email&utm_medium=email&triedRedirect=true

 

Quote

It hasn’t been a great two-year financial arc for LFC across 2022-2024, with each key profitability metric and operating cash flow worsening YOY for both 2022/23 and 2023/24.

And with the two-year operating slide coinciding with a period of heavy fixed asset investing (ARS redevelopment; squad investment to include a midfield rebuild), owner funding via external investment was tapped to maintain moderate external debt.

However, the investment was effective as it helped facilitate a return to the UCL in 2024/25 and materially improved the club’s financial outlook.

To illustrate the expected inflection, I’ve provided very rough projections for 2024/25 below across revenue, profitability, cash flow, fixed asset investment, and changes in debt (note: intended to provide a high-level / directional view only).

With respect to P&L:

Revenue to exceed £700.0m, primarily due to significantly higher UEFA-linked revenue and further commercial growth.

Significant improvement for each key profitability metric, including (i) a material increase to adj EBITDA and adj EBITDA margin and (ii) the pre-tax result swinging to a profit.

 

With respect to CF, fixed asset investment, and debt movements:

Improved cash profit is projected to facilitate materially stronger cash flow from operations, although the view assumes no significant cash consumption from working capital movements.

Approximately break-even player net spend (by cost) and reduced infrastructure spend.

Investment outlay to be higher on a cash basis due to net transfer installments coming due, but the CFI outlay is projected to be notably below the CFO inflow.

Net cash player payments > net spend by cost to drive lower net transfer debt (although by how much linked to payment mechanics for the signing of Giorgi Mamardashvili to be effective in summer 2025).

Cash flow surplus before financing to reduce net financial debt.

I’ve assumed excess cash flow reduces external debt, but it is possible the stronger cash flow profile results in resumption of owner loan paydowns.

Significantly higher immediate liquidity access as of end-May ’25, primarily driven by the RCF limit upsize.

 

Based on the positive outlook for 2024/25 and effectively-guaranteed UCL qualification for 2025/26, the club (indicatively) has notable investment capacity that should serve the club well in 2025/26 as it looks to evolve the squad after three generally quiet transfer windows post-summer ‘23

 

[PaddockLad 19348]

 

https://www.dailymail.co.uk/sport/football/article-14571099/Man-City-fresh-legal-action-Premier-League-sponsorship-rules-discriminate-rivals-unfair-advantage.html

[Gemmill 51256]

Good for Man City. And I think they'll win again. 

 

It was absolutely absurd of the PL to stick its head in the sand and act as if it could do what it wants as long as 2/3 of the clubs vote in favour. 

[OTF 8572]

Chelsea sold their women's team for near enough £200m   (effectively to themselves, because obviously noone legitimate is paying £200m for a team whose average attendance just tips 10,000). Ashley sold us for £305m.

 

There's taking the piss and then there's 'selling' your women's team to yourself for £200m. Take a bow Chelsea for managing to consistently one up your own dodginess.

 

 

 

[Gemmill 51256]

It's such a fucking ridiculous setup that says if you can get enough people to vote that it's alright, then it's alright. 

 

Get the independent regulator in place and bring an end to these blatant shenanigans. 

[Dazzler 12203]

4 minutes ago, OTF said:

Chelsea sold their women's team for near enough £200m   (effectively to themselves, because obviously noone legitimate is paying £200m for a team whose average attendance just tips 10,000). Ashley sold us for £305m.

 

There's taking the piss and then there's 'selling' your women's team to yourself for £200m. Take a bow Chelsea for managing to consistently one up your own dodginess.

 

 

 

It takes some doing to outperform a Russian gangster in the dodgy bastard leagues, but to give credit where it's due Boehly has done a great job 👏

[Gemmill 51256]

39 minutes ago, OTF said:

Chelsea sold their women's team for near enough £200m   (effectively to themselves, because obviously noone legitimate is paying £200m for a team whose average attendance just tips 10,000). Ashley sold us for £305m.

 

There's taking the piss and then there's 'selling' your women's team to yourself for £200m. Take a bow Chelsea for managing to consistently one up your own dodginess.

 

 

 

 

Nice "Young Homer" hairdo. He looks so fucking American with his not quite believable shade teeth and that helmet. 

[Alex 37307]

They can’t keep doing it though. They can within the regulations but surely not indefinitely from a viable business point of view. 

[Gemmill 51256]

Aye they run out of assets eventually. But the fact that it's so far dug them out of hundreds of millions of overspending on transfers is fucking disgusting. I think they've cleared at least £300m of PSR trouble with hotels and the women's team so far. 

 

If they had a decent strategy they'd have the  CL qualification sewn up for the foreseeable future. They still might if their current crop come to anything. It absolutely reeks. 

Edited 20 hours ago by Gemmill

[The Fish 11349]

5 minutes ago, Gemmill said:

Aye they run out of assets eventually. But the fact that it's so far dug them out of hundreds of millions of overspending on transfers is fucking disgusting. I think they've cleared at least £300m of PSR trouble with hotels and the women's team so far. 

 

If they had a decent strategy they'd have the  CL qualification sewn up for the foreseeable future. They still might if their current crop come to anything. It absolutely reeks. 

What I don't understand is this; Here's a great opportunity for the established elite to absolutely fucking hobble one of the upstarts, and an opportunity for the chasing pack to open up a spot in the CL spots, and an opportunity for the rest to kick a 'big club' in the nuts.

 

Instead, they see Chelsea taking the absolute piss and just let them get on with it.

 

pussy-oles

[wykikitoon 23347]

Spuds making a loss due to their lack of Europen football

 

[Gemmill 51256]

6 minutes ago, The Fish said:

What I don't understand is this; Here's a great opportunity for the established elite to absolutely fucking hobble one of the upstarts, and an opportunity for the chasing pack to open up a spot in the CL spots, and an opportunity for the rest to kick a 'big club' in the nuts.

 

Instead, they see Chelsea taking the absolute piss and just let them get on with it.

 

pussy-oles

 

How many yank owners are there now? Is it not just them clubbing together. There's enough of them to block stuff now, isn't there given 2/3 majority is required. 

Edited 19 hours ago by Gemmill

[PaddockLad 19348]

1 hour ago, Gemmill said:

 

How many yank owners are there now? Is it not just them clubbing together. There's enough of them to block stuff now, isn't there given 2/3 majority is required. 

 

Quote

It’s also why the shock should only go so far. The Premier League attempted to close this loophole in June of last year, but only 11 clubs backed that. That was well short of the two-thirds majority required, which of course means almost half the competition at that point had no issue with the idea that clubs could use one-off payments from the sale of hotels, training grounds and other tangible assets in financial regulation submissions. The voting on that is also described as not having gone in the way many might have expected, with some surprises on either side.

https://www.independent.co.uk/sport/football/chelsea-profit-womens-team-psr-financial-results-b2725072.html#

[The Fish 11349]

1 hour ago, Gemmill said:

 

How many yank owners are there now? Is it not just them clubbing together. There's enough of them to block stuff now, isn't there given 2/3 majority is required. 

 

We should end them. Kill them all.