“St Albans Road, West Smethwick – The Hawthorns – West Bromwich Albion FC” by ell brown is licensed under CC BY 2.0 West Brom full accounts now published: Main points (13 months in 2020 compared to 12 in 2019) * Income down 24% to £54m* Wages up 43% to £67m* Operating loss up 168% toContinue reading “Kieran Maguire: West Brom’s finances assessed”
Seems to be a lot of stick for the Celtic senior management team. In 2018/19 the highest paid director, Peter Lawwell, earned more money than some clubs total wage bill put together. Remarkably, Celtic are among the highest payers for directors in the U.K. game. *Manchester City Football Club Ltd paid nothing to directors. ParentContinue reading “Kieran Maguire: Sometimes executives earn more than an entire clubs wage bill”
“City Ground structures” by zakgollop is licensed under CC BY-NC-ND 2.0 Nottingham Forest publish operating losses of £32m for 2019/20 taking total losses to £187,000,000 Forest had £19m injection from parent company in year Forest paid £148 in wages for every £100 of income in 2019/20 Forest bought players for £5.7m and had sales ofContinue reading “Kieran Maguire: Nottingham Forest finances”
“File:Deepdalecomplete.jpg” by Hudson6dogs is licensed under CC BY-SA 3.0 Preston had losses of just over £17m in 2019/20 but player sale profits reduced this to ‘just’ £10m. Wages were £163 for every £100 of revenue. All main revenue streams down on the back of Covid for Preston. Preston owner Trevor Hemmings invested £7.8m into PrestonContinue reading “Kieran Maguire: Preston Finances”
Introduction No one expects football clubs to have had a good 2019/20 financially due to the impact of Covid-19, but now that the two large Glasgow clubs have published their results, just how badly were they affected by the ravages of the pandemic? Every business has been impacted by COVID-19, but can Scottish football surviveContinue reading “Kieran Maguire: Celtic and Rangers finances assessed”
Rangers have won the 2020/21 Scottish Premiership title. Below I examine the financial battle in Glasgow up to this season. Revenue A comparison of revenue for Rangers and Celtic in recent years. Rangers 2020 figures not out yet. Wages A comparison of wages for Rangers and Celtic in recent years. Celtic were in the driving […]
“St. Johnstone FC” by grassrootsgroundswell is licensed under CC BY 2.0 St Johnstone is a good example of club run prudently that lives within its means. Despite Covid impact only lost £20k in 2019/20 & has the security of £2.8m in the bank at end of season. St. Johnstone did make some staff redundant asContinue reading “Kieran Maguire: St Johnstone’s finances”
Raith Rovers Raith Rovers made a profit of £117,000 in 2020. The club did have cash in the bank at end of season but that’s mainly due to borrowing from both the bank and owners, who are committed to continue funding the club. Raith Rovers owed about a million pounds interest free to directors andContinue reading “Kieran Maguire: Raith Rovers and Elgin City finances”
With the transfer market flatlining, clubs are likely to have a further problem in generating income. Player sale profits for the top two divisions in England were £770 million in the most recent accounts. This compares to matchday income of £820 million.
A fascinating insight into the difference in finances between the top clubs in the Scottish Premiership and the English Premier League over the last 20 years. Looking at the comparative growth of football south & north of the border since the Premier League started in 1992/93. That season Rangers had the 3rd highest wage billContinue reading “Kieran Maguire: The differences between SPFL and Premier League revenue”
Chelsea lost £111 million from day to day trading in Covid-19 impacted 2019/20. Sales of Hazard & Morata helped generate £142m profit on player sales to offset these losses. Chelsea balance sheet strong due to Abramovich generosity. Debtors of £284m mainly sums owing from other clubs for transfers. Small increase (£7m) from new shares issued.Continue reading “Kieran Maguire: Making sense of Chelsea’s finances”
Bank of England Covid low interest loans confirmed for English FA £175m Spurs (£175m) Arsenal (£120m), all of which have been publicised by the recipients. Also £75m borrowed by the EFL, mysteriously absent from the EFL website.
Good to see fan controlled Motherwell publish full accounts. income up 8% in 2019/20 to £4.9m reflecting a 3rd place finish & punching above its weight financially despite Covid impact. Furlough grants £293k. Motherwell wages 85p for every poond of revenue, which is high but Covid does not help. Needs to sell players to helpContinue reading “Kieran Maguire: Motherwell’s finances”
Losses are to be expected in a Covid-19 world, so it was no surprise to see Manchester United’s financial results take a dip in the year to 30 June 2020. Under New York Stock Exchange rules (where Manchester United’s shares are traded) companies must publish accounts relatively quickly after the year end as it alsoContinue reading “Kieran Maguire: Manchester United’s finances”
Introduction Getting to the Premier League is an expensive business as many clubs in the Championship have found out, with operating losses in that division exceeding £600 million pre-Covid. Remaining in the Premier League can also be costly, as Brighton have proven in announcing their 2019/20 financial results. Income All clubs divide their revenue intoContinue reading “Kieran Maguire: Brighton Finances”
When Derby County published their response to the EFL charges for financial misconduct on Friday 17th January 2020, it included reference to ‘the newly notified charge of intangible fixed asset amortisation’. The nonsense below is all about the said subject, but extended to how clubs can increase or decrease costs in the accounts in relation toContinue reading “Football Transfers and Creative Accounting: Protect me from what I want”
The table of all time losses since the Premier League started in 1992 (note a lot of clubs have not yet published their 2020 figures though).
Credit: ArdFern By Daniel Geey – @FootballLaw I’ve teamed up with top football tax adviser Rhys Linnell to have a look at agents fees: are they out of control, what are the suggested solutions and would they work? INTRODUCTION Between 2 February 2018 and 31 January 2019, Liverpool paid out almost £43.7m in fees to agents andContinue reading “SHOULD PLAYERS PAY THEIR OWN AGENTS…? IT WOULD COST PREMIER LEAGUE CLUBS £166M A YEAR!”
Since joining the Celtic board Peter Lawwell has earned £15,853,400. The breakdown can be shown here.
Credit: Richard Croft / Sincil Bank / CC BY-SA 2.0 Lincoln publish accounts and continue to set a gold standard in terms of transparency & governance. Revenue up 20% as Cowley compensation & higher broadcast income on back of promotion offsets Covid impact. Many Lincoln fans demonstrated support for club by declining ST refunds inContinue reading “Kieran Maguire: Lincoln City’s latest financials”
Income SPFL income down £5m in 2019/20 mainly due to lower TV revenues as a result of Covid-19. BT took a rebate whereas Sky paid in full prior to exclusivity from 2020/21. Money paid to clubs Money paid to SPFL clubs (including parachute payments) down £4.4m on back of fall in revenues. Overheads up asContinue reading “Kieran Maguire: The financial health of the SPFL”
Credit: Paul Henery Income Hearts total income down 16% with all key elements of revenue falling, especially broadcast, down by a third. Wage Bill Despite the shortened season Hearts wage bill up 7%. Way behind Rangers and Celtic but still the 4th highest in Scotland. Losses Hearts lost £70k a week throughout 2019/20 from dayContinue reading “Kieran Maguire: Hearts finances assessed”
Credit: Big Jim Fae Scotland at English Wikimedia Income Partick Thistle income down 12% in 2019/20 due to Covid and day to day operations go from £46k profit to £356k loss. Club made money from ‘other income’ possibly player sale? Loss on investment likely to be reversed as relates to Firhill. Money in the bankContinue reading “Kieran Maguire: Partick Thistle’s finances assessed”
Breaking even Berwick Rangers broke even in 2019/20 partly due to using government Covid schemes and also supporters club efforts. Reducing the wage bill Berwick Rangers wage bill down 28% as early end to season and fewer staff employed reduces costs.
Credit: Acabashi – https://commons.m.wikimedia.org/wiki/File:Tottenham_Hotspur_new_stadium_2019.jpg Profit Spurs go from an £87m profit before tax to a loss of £68m. Further evidence that the Premier League does not have the resources to bail out all of the rest of the football pyramid. Spurs had the highest profit before tax in the Premier League in 2019/20 of £87m.Continue reading “Kieran Maguire: Tottenham’s finances”
University of Liverpool Premier League Club Valuations 2020 / University of Liverpool Centre for Sports Business Group Executive summary The value of Premier League clubs based on their 2018/19 accounts increased by 1.5% overall to £14.7 billion, with the ‘Big Six’ (Manchester United and City, Liverpool, Arsenal, Chelsea and Spurs) making up £11 billion (75%)Continue reading “Premier League Club values 2020: 5th to 1st”
University of Liverpool Premier League Club Valuations 2020 / University of Liverpool Centre for Sports Business Group Executive summary The value of Premier League clubs based on their 2018/19 accounts increased by 1.5% overall to £14.7 billion, with the ‘Big Six’ (Manchester United and City, Liverpool, Arsenal, Chelsea and Spurs) making up £11 billion (75%)Continue reading “Premier League Club Values 2020: 10th to 6th”
Premier League Funding Football clubs can broadly arrange their finances in one of three ways, bank lending, owner loans or shares. In terms of the Premier League all three methods have been used. The following analysis is from the most recent documents filed by clubs at Companies House. Liverpool League leaders Liverpool are owned byContinue reading “Premier League Ownership Investment: Love, profit, vanity or insanity?”
University of Liverpool Premier League Club Valuations 2020 / University of Liverpool Centre for Sports Business Group Executive summary The value of Premier League clubs based on their 2018/19 accounts increased by 1.5% overall to £14.7 billion, with the ‘Big Six’ (Manchester United and City, Liverpool, Arsenal, Chelsea and Spurs) making up £11 billion (75%)Continue reading “Premier League Club Values 2020: 20th to 11th”