Category: Finance & Business

Finance & Business

Recession and Premier League clubs – factors to consider

FOOTBALL is an industry awash with cash, but as economists and analysts continue to speculate about the possibility of a downturn in 2020, how will clubs cope with the economic uncertainty that could compromise their financial stability? Football business news site Off the Pitch reports. If anyone wants a reminder of how a serious global recession can impact professional football, just visit Valencia in Spain … Continue reading Recession and Premier League clubs – factors to consider

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Football politics

World Football League – driven by greed, not excellence

WHEN  a financial institution becomes involved in discussions about the future of football, it doesn’t sit very comfortably. It will undoubtedly be good for accountants, lawyers, bankers, intermediaries and the main protagonists (in other words, the clubs in the driving seat) but for the future of the game and the eco-system that supports it, questions have to be asked about the intentions of the parties … Continue reading World Football League – driven by greed, not excellence

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Football politics

Football and the military: An uncomfortable alignment

IT SEEMS impossible to avoid some form of military presence when any major football event is taking place. Whether it is a game old cock rattling a tin or somebody dressed in khaki bringing a trophy onto the pitch, there seems to be a deep desire to attach the game to Britain’s armed forces. Football continues to be used as an opportunity for mass engagement, … Continue reading Football and the military: An uncomfortable alignment

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Finance & Business

Manchester City’s “decade of hard work” closes the gap

MANCHESTER CITY’s historic 2018-19 season has not only been reflected in a trophy-packed boardroom, it has helped to deliver record revenues for the treble-winning Cityzens. City’s revenues totalled £ 535 million, the second successive season in which the club broke the half billion mark. In 2018-19, revenues rose by 7% while expenses dropped by 18%.  City generated a profit of £ 10.1 million, just short … Continue reading Manchester City’s “decade of hard work” closes the gap

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Finance & Business

Manchester United’s malaise hits the bank balance

SIX YEARS on from the retirement of Sir Alex Ferguson, Manchester United have become rich under-achievers. After all, this is the world’s wealthiest club bar one or two, with one billion fans but they are absent from the competition that was created for their like – the UEFA Champions League. United have released their first quarter results this week and although their revenues are more … Continue reading Manchester United’s malaise hits the bank balance

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Finance & Business

Norwich City count the cost of promotion

NORWICH CITY are one of football’s yo-yo clubs, bouncing between divisions with regularity, mostly without a sense of panic that grips many clubs when they suffer reversals. The club is also one of those football institutions that people genuinely like – unthreatening, unassuming and surviving on a diet of little victories and the ability to periodically mount a successful promotion campaign. In the modern game, … Continue reading Norwich City count the cost of promotion

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Finance & Business

Rangers’ slow road back continues

THERE WAS some encouraging news for Rangers in their 2018-19 financial results, but the figures also revealed just how far the club is behind “old firm” rivals Celtic. Rangers made a loss of £ 11.3 million despite revenues climbing by 63% to £ 53.2 million, boosted by a lengthy involvement in the Europa League. Chairman David King said the financial year had been positive, although … Continue reading Rangers’ slow road back continues

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Finance & Business

eSports and football clubs – foresight for Fortnite?

EVERY DAY you can read about a major football club establishing an eSports presence or strategy. Clubs like Schalke, Paris Saint-Germain, AC Milan, Ajax, Manchester City, Liverpool and Wolverhampton Wanderers have seen the value in creating initiatives around a rapidly growing part of the sports world. For some, the fusion of “real” sport with technology-driven gaming activities, is difficult to understand. It may be a … Continue reading eSports and football clubs – foresight for Fortnite?

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Football politics

The Champions League and the preservation of elitism

SINCE THE European Cup was introduced in 1955, there have been 22 different winners of the competition. This list includes some of Europe’s biggest names as well as some unlikely champions. The last “new” winner was Chelsea in 2012, and equally telling, the last team from outside the accepted top 20 most powerful clubs was Porto in 2004. It has gradually become a closed shop. … Continue reading The Champions League and the preservation of elitism

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Finance & Business

AC Milan remain on the sick list

WHEN football people usually talk about “turnaround” it usually refers to on-pitch performance and perhaps a fight against relegation. In the case of AC Milan, the club that was once the most powerful in Europe is in danger of falling even further away from financial competitiveness. AC Milan, despite their vast support and their place in football’s pantheon, continue to be a heavyweight also-ran, struggling … Continue reading AC Milan remain on the sick list

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Finance & Business

Yes, Barcelona are going for the one

BARCELONA are closing in on their target of € 1 billion in revenues by 2020, a figure that will create a new record for the football industry and place them ahead of their peer group. With their Camp Nou stadium redevelopment and a commitment to technology and youth development, Barca’s ambition is very clear. The only dark cloud on the horizon is the eventual loss … Continue reading Yes, Barcelona are going for the one

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Football politics

Cancel games and take the teams off – the only solution to combat racism

WE live in extremely troubled times, a confusing era where it often feels as though the lunatics have been handed the keys to the asylum. Powerful leaders that appear to behave like Bond villains, placard-waving crowds baying for blood, the re-emergence of anti-semitism, that most symbolic of prejudices, and bull-necked extremists spouting faux-nationalism and militaristic sentiments. Although we’re more than a decade on from the … Continue reading Cancel games and take the teams off – the only solution to combat racism

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Finance & Business

Borussia Dortmund still chasing Bayern – on and off the pitch

BORUSSIA Dortmund (BVB) may have posted solid revenues for 2018-19, but their net total (excluding transfers) of € 377 million is dwarfed by rivals Bayern Munich’s revenues for the same period of € 750 million. While BVB will be ranked among the top dozen clubs in terms of their revenues, the gap between the Bavarians and the rest of the Bundesliga is underlined once more. … Continue reading Borussia Dortmund still chasing Bayern – on and off the pitch

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