FOOTBALL club accounts for the 2019-20 season have become a cause for concern, the big losses incurred in a partially compromised season indicating that unless normal service is resumed, 2020-21 will be a complete financial disaster. With no sign of a major change occurring before the middle of 2021, football has to come to terms […]
AT first glance, Real Madrid’s 2019-20 financials do not appear to be too troublesome, but with a major redevelopment plan for the Bernabéu Stadium in progress and a higher level of net debt, a 6% drop in revenues to € 715 million is arguably the start of the club’s near-term challenges. With expenses at a […]
BAYERN Munich recently revealed a drop of around € 50 million in revenues in 2019-20 due to the covid-19 pandemic, but the Bavarians’ financial statements make reasonable reading at this stage of the crisis. Bayern made a net profit of € 9.6 million versus € 52.5 million in 2018-19. While matchday income would have been decimated […]
EVERTON recovered some of their early season swagger in beating highly-fancied Chelsea at Goodison Park, but their fans will remain concerned about the current financial position of the club. On the eve of their game against the Londoners, Everton revealed they made a loss of £ 139.8 million in 2019-20, their second successive annual deficit of […]
WITH Spain’s big two struggling to live up to their illustrious names, Real Sociedad and Atlético Madrid have emerged as title contenders in the early months of 2020-21. While Sociedad have been boosted by the arrival of David Silva, Diego Simeone’s side are going through something of a reinvention and their new look is winning […]
RANGERS are enjoying a tremendous start to the 2020-21 season, opening up an 11-point lead at the top of the Scottish Premiership and pushing well ahead of old-firm rivals Celtic. They have won 13 of their 15 league games and have yielded just three goals, keeping eight clean sheets in a row at Ibrox Park. […]
FOOTBALL continues to be divided over the timing of fans’ return to the stadiums. From a business perspective, no paying spectators is a disaster for most clubs, but the game still suffers from the ingrained perception that it is not a very important segment of society. Equally, there is a lack of widespread acknowledgement that […]
WITH THE Europa League about to undergo drastic change, culminating in the creation of the Europa Conference League, UEFA’s lesser competitions may continue to lead an uncomfortable existence. The Champions League, for all its excitement and glamour, has already eradicated the European Cup-Winners Cup and devalued the Europa League. It is difficult not to feel there […]
AT A time when the city of Manchester has been in the spotlight over the issue of lockdowns and monetary aid, Manchester United Football Club announced its financials for the 2019-20 season and revealed how the pandemic has affected its off-pitch performance. United’s total income was down almost 19% to £ 509 million, which on […]
