Real Madrid still a “unique club” as pandemic squeezes the purse

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 […]

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 […]