timeEd32

Like £40m I think. Slightly more than they paid

New winger!

God I hate Craig Hope. Asked if one of Bruno Guimaraes, Sven Botman or Alexander Isak would be sold in the summer, Eales said: ‘It’s difficult to hypothesise but, if we’re offered £1billion for one of those players, then no-one could argue against that making sense. ‘If we’re going to get to where we want to get to, at times it is necessary to trade your players. It is counter-intuitive and part of the inherent system of PSR that there is an incentive to trade your players, if you want to re-invest.’ So, every player has a price? "Correct"

I feel confident that people would love Miggy as a squad player. He's an excellent rotation option / sub in various situations. His limitations just become incredibly frustrating when he's playing every minute of every game (which is also impacting his performances).

Some other details: Summer 2023 transfer spend was £124m. (Our spend was generally reported as ~£130m, so slightly less but may be missing add-ons) Employees in the group "Playing squads, academy, team management and support" increased from 165 to 210 Employees in the group "Business operations" increased from 143 to 200 £6.7m commercial income from PIF: The Group recognised commercial revenue in the year of £6,710,000 (2022: £nil) from fellow subsidiary and associated undertakings of the Public Investment Fund ("PIF), the company's ultimate parent undertaking, of which £4,277,000 was not invoiced in the year and thus is included in accrued income at 30 June 2023. A capital contribution of £676,000 was received from the Public Investment Fund to meet the cost of the first team squad's warm weather training camp in Saudi Arabia in the prior year. £1.2m+ in interest free loans to Staveley for legal fees: On 7 November 2022 a loan of £600,000 was made to A L Staveley in respect of certain legal fees. The loan is interest free and remained outstanding at 30 June 2023 (2022: £nil). Subsequent to the year end, a further loan of £659,056 was made on 31 August 2023. The thing I'm most interested to hear from Kieron Maguire on is the loans we took out and future amounts owed, interest, etc. It's probably all normal, but I know nothing about it.

I'm no Swiss Ramble, but some important points: The team's 4th place Premier League finish, progression to the EFL Cup final, and growth across key sponsorship and commercial income streams contributed towards a profit of £20.1m before player amortisation costs (2022: loss of £26.4m). Player amortisation costs rose to £89.3m (2022: £51.1m) in line with the increased value of the playing squad. Staff costs to turnover ratio down to 74.1% from 94.6% (this is huge!) Match income increased £10.4m (38%) from £27.5m to £37.9m, with 7 cup fixtures played in the year (2021-22: 2) as the team progressed to the EFL Cup Final, an enhanced pre-season and mid-season programme and increased revenues from both seasonal and matchday hospitality Commercial income increased £17.4m (66%) from £26.5m to £43.9m with growth in commercial partnerships income together with a number of events in the year most notably the Diriyah Cup in Saudia Arabia in December 2022 and the two Sam Fender concerts in June 23. Staff costs increased £16.5m (10%) from £170.2m to £186.7m, the main factors being higher merit-based bonuses for the playing squad, team management and club staff as a result of 4th place finish, along with the increase of c100 employees across the club (see note 7) as the build out continues across football operations, commercial teams, executive and central support functions. UCL Group stage participation is expected to yield at least £37m in revenue for the Club.

This is crazy:

Charnley was actually a genius and introduced the world’s first sell-on clause in perpetuity.

The League Cup is only a Conference League spot, right? I'm torn on whether that's worth watching Liverpool win something. Let's just win the FA Cup and qualify for the Europa League. Two problems solved at once.

How long do some people still have on the long-term season ticket deals and what is the price difference between those and current prices? Curious re: discussions around matchday revenue.

I'm reserving judgement until the start of next season. I'd like to see the details from the 22/23 accounts and then also what we announce leading into next season. It's possible we have a lot of stuff lined up on top of Adidas.

Quoting this from the last page because it should be required reading before any actual or hypothetical complaining about Burn vs. Tino.

That has to be fake. https://x.com/NoyesNataliex/status/1745111022501814645?s=20 https://x.com/NoyesNataliex/status/1745094972649472161?s=20

Good post and the bolded bit is especially important. There are definitely things to dislike about FFP, but the general idea of it is a good one. Clubs shouldn't be left in ruin when some rich owner gets bored or takes things too far. The various financial restrictions imposed by the Premier League and UEFA are a bit different, but they are all tied to the same critical things: revenue. Growing that is the path to sustained success and we are starting incredibly far behind. Man United, Spurs, and Arsenal all generate over £100m in matchday revenue. Man City, Liverpool, and Chelsea are all in the £70-85m range. In our last published accounts (21/22) we were under £30m. Even Villa, in the same time period with 10k less capacity, were almost £10m more. This is why 1) the stadium needs to be expanded 2) ticket prices are going to go up (unfortunately) and 3) corporate / high priced seating really needs to be increased. This category has a ceiling though - Man Utd's matchday revenue today is basically the same as it was more than a decade ago. The next big bucket is commercial revenue. In our 21/22 accounts our commercial revenue was less than half of what Manchester United brought in in 2009. The Adidas and Sela deals are big, but that still leaves us £150-200m+ per year behind the Big 6. There are many options to explore here and I'm sure we're looking at everything, but getting to the figures the others generate requires a global footprint (see City Football Group), global partnerships (see Spurs and the NFL), and, more than anything, a global brand. That takes both consistent success and time. And then there's player sales. Manchester City have brought in £330m in sales in the last 5 years to put on top of massive commercial growth and huge broadcasting income. Chelsea basically fund their whole operation this way. Ideally this would be led by the sales of good, non-elite academy players and a never-ending pipeline of Minteh type loan > sales. But, in the near to medium term, it's almost certainly going to have to include what Spurs did and that's bringing in huge fees for their best players. Sometimes that will work out great and other times we'll struggle to replace them. Success is not going to be a straight line and we may be in one of the more frustrating periods. We broke into the Champions League, but there shouldn't be any expectation of being in it every year. Frankly, no one other than City (and we'll see post-Guardiola) can have that expectation anymore. Even before we got involved there were six clubs for four spots. We're trying to join that group along with Villa, who appear to be on a good path. Even if England consistently gets a 5th place we're probably looking at three clubs being left out each season who feel they should be in there. No one is going to be able to rely on the massive Champions League revenue, which makes all of the above even more important.

Honestly prefer this than the Solanke link being true. There's a number of reasons it doesn't make sense and it's mostly nothing to do with the specific player.

I don't agree with what you said. I think we are putting every penny we can into action. Without trying to go through all the details of revenue and spending, I think you can get a good picture of where we sit with FFP just by how we structured the Hall move. Add that to the fact we made basically the bare minimum in the Champions League and we're on course for less PL money than last season (which we probably expected). There just won't be a lot there. If your problem is with how we spent our money in the summer then fair enough. But that's not the same thing as "sitting on our hands."

Maybe you didn’t mean it this way, but “sitting on our hands” makes it sound like we’re not trying.

Their deal better not be worth more than ours considering their owner owns 7% of Adidas. FMV and all that.

Straight swap for Saka or get lost. (Isak would score buckets of goals in that Arsenal team)

On the certain clubs part, Ashworth said this when asked about it a couple months ago: That's enough confirmation to me that it at least doesn't apply to everyone. It could certainly include PSG, but we don't know. As for the timing, there have been some reports it begins in the summer.

- Starts in summer - Only applies to certain clubs - They aren’t meeting release clause

I’m ok with these feel good extensions if we do it at much reduced wages. Not £2m plus. And I seriously hope we don’t bring Krafth back unless it’s with the intent to sell him if we think there’s a market. Trippier / Tino / Burn / Hall / Targett is more than enough at FB and he’s on way too much money.

I fear for us if this is Longstaff - Bruno - Miley.

I was thinking the same. Absolutely ridiculous. The LC semifinalists lose a quarter of their break and then, if they are in the FA Cup 4th round, play four games in 11 days coming out of the "break."