The Finances of Football

From the link that IK provided

There are clearly issues with Arsenal’s equitable wage structure, which means that the best players like Robin Van Persie are not particularly well remunerated (by modern standards), while fringe players like Abou Diaby, Marouane Chamakh and Manuel Almunia are handsomely rewarded for their efforts. This was epitomised recently by Johan Djourou’s new £50,000 a week contract, which seemed more in recognition of his frequent interviews with Arsenal.com than his defensive ability.

#shotsfired

xp, as bad as Berlusconi might be, i think the worst allegation i've heard against him is that he got started by taking money from the mafia to build a business empire and might have done favours for them along the way.

Usmanov is the mafia.

'fringe' is a hell of a euphemism for 'utter shite' imo

Djourou could get a massive contract hosting the National Lottery and game shows for the BBC, no wonder Arsenal are throwing money at him.

Arsenal’s expertise can be evidenced by two great statistics: (a) the last time that they reported a loss was way back in 2002; (b) in the last four years alone, they have accumulated staggering profits of £153 million.

Only another 120m to go and we pay off the stadium. I'm convinced they are trying to pay it off early. I just wish that were this the strategy, they'd fucking say so. Otherwise that 153 fucking million, could help us ummm, maybe improve a little.

I thought it the article that the board specifically said they weren't going to pay it off early because it was 'good debt'

here it is

Many ask whether it would be possible for Arsenal to pay off the outstanding debt early in order to reduce the interest charges, but Gazidis has previously implied that this is unlikely, arguing that not all debt is bad, “The debt that we’re left with is what I would call ‘healthy debt’ – it’s long term, low rates and very affordable for the club.”

Yeah sorry, long article, should have read the whole thing before commenting etc.

So basically it is 2014 or bust? hmmm.

So hang on, the owner's plan is to get Arsenal debt-free, then flog it for substantially more than they paid for it, leaving the owners filthy rich and Arsenal FC and the fans with a team fully capable of mounting a serious challenge for a Europa League spot? Is that right?

Owners already did that/died and now Kroenke is hoping to do that again, I think.

Swiss Ramble on Villa
http://swissramble.blogspot.com/2012/03/aston-villa-prophets-and-losses.html

P fucking bleak. Wages-to-turnover ratio of 91%! just for starters.

I don't know what Lerner wants out of this tbh

To lose £100m+ it seemingly

Should be no 'it' there.

It's hard think of a way to blow £100m without having some kind of fun, but that might be it.

Thing is from the outside looking in you would think it would have been possible to spend £100m less and still be in roughly the same position they are in now.

Manchester United Ltd, the world's best-supported soccer club, filed with U.S. regulators on Tuesday to raise up to $100 million in an initial public offering of its Class A common stock.

The company told the U.S. Securities and Exchange Commission in a preliminary prospectus that Jefferies, Credit Suisse, J.P. Morgan, BofA Merrill Lynch and Deutsche Bank Securities are underwriting the IPO.

I'm still amazed by people trying to make money long-term from football. It's football! All you need is a couple of season of bad injuries and your'e fucked! This financial asset-stripping is only good for people who don't like football.

If anyone fancies part owning Panathinaikos :

http://soccernet.espn.go.com/feature/_/id/1126919/paraskevas:-panathinaikos-reborn-under-fan-ownership?cc=5739#

http://bundesligafanatic.com/financial-fair-play-the-implications-for-the-teams-in-the-bundesliga/

Great article on how things are working out in the Bundesliga

That's excellent.

What I'm having trouble with is how the new, enormous EPL television deal is going to feed in to conditions elsewhere on the continent. Are English clubs going to sweep the board for the next five years?

Not too sure. If we pretend that wages in the Prem stay exactly the same as they are now and then add in the new TV money how many clubs in the league would still fall foul of ffp?

Are the majority of clubs here living so far beyond their soon to be increased revenue that they wouldn't be able to increase salary anyway?

the Glazer family have taken the unusual step of buying out DHL, so certain are they of negotiating even greater revenue

I'm giving up trying to understand this stuff

surely it's pretty simple, they want a new and bigger deal immediately so they end the dhl deal now?

tbf I did get that bit, it's why anyone would pay even more that is the mystery

Bolton in £163.8m of debt. Turnover £25.8m. I don't see how they can ever hope to pay that back.

Barcelona cannot register any new signings, not Memphis Depay, Sergio Agüero, Eric García or Emerson Royal, after exceeding the La Liga salary limit.

Despite selling Konrad de la Fuente, Jean-Clair Todibo, and Junior Firpo, Barcelona need to reduce their wage bill by €200,000.

— Zach Lowy (@ZachLowy) July 5, 2021

Extraordinary

Lmao. They are supposedly even going to pay some players to leave on a free, like Pjanic

hmmm, that may account for Trincão coming to us

lol yeah next tweet mentions that

€200,000 can't be the right figure there?

Saw a clarification that its about the weight of pesos in kilos or some similar slang!

Also just presumed it was per week, and with messi not yet signed i figured that was..... serious

Oh haha yes I suppose it could be a week. Though even that is probably only a mid-range player or three for them.

i assumed that was a weekly figure i guess, Football Manager not always the best metric for understanding this stuff

Pjanic is on about €300k a week so no major surprise he didn’t volunteer to cancel his contract.

Also Messi apparently earns 100 times more than Junior Firpo.

I am keen that Pjanic doesn't come to the Premier League because of the temptation his name would cause to every my-age, indie-arsed, Egg-from-This-Life football journalist with an untreated Smiths obsession.

Do ittttt