Two-footed Tackle

@marshallavfc and look who they are, the gilded few with massive revenue machines

Its mad that only 5 current PL teams meet the UEFA 70% threshold #avfc

@finn_avfc @ValKenny2 @DougieCritchley tbf to sun'lun their 134% wages to turnover was driven by a c£20m promotion bonus, weird in itself but not uncommon, the 'normal' score was still massive, around 89% but it was on Champ income. Will look quite different with 4x rev next season i'd expect

@ValKenny2 @twofttackle @DougieCritchley scr is coming in next season too so they’re cooked either way

#AVFC biggest mover, downwards, what will our fellow finance journos write about now? #SAFC exceptional promotion bonus driven, just another chapter in the #WWFC disaster. The revenue monsters #MUFC etc get a free pass This & more @ Two-footed Tackle buff.ly/zwrh2uE

@CWeatherspoon_ we already have a super league don't we? twofootedtackle.substack.com/p/the-closed-s…

Five years this weekend since the European Super League was announced. Thankfully the perpetrators were properly punished, there's no competition which concentrates huge wealth in a handful of clubs and football is all the better What

Nottingham Forest 2024-25 - 7th - 11x Revenue increase to £222m in 5 years - Operating loss every single season - 3-year EBIT −£88m - Player sales fell £101m to £7m YoY - 75% wages/turnover - SCR breach territory The Books Don’t Lie buff.ly/mfZ46Oo #NFFC #Forest #SCR

Sunderland 2024-25 - 134% Wages/turnover - Revenue £40m - £54m wage bill - Maxed out promotion bonus - −£47m Operating loss - Bellingham sale - Breakeven EBIT - Now is where the reckoning starts The Books Don’t Lie buff.ly/KYTI7fw #SAFC #PremierLeague

Full analysis of all 18 clubs — plus The Verdict comparison report — at the link. Crystal Palace and Burnley still to file. When they do, we'll have all 20. The Books Don't Lie. buff.ly/zwrh2uE #FootballFinance @TFTsubstack

Everton: down from £1,018m to £389m. A new owner absorbed it. Chelsea: up from net cash to £630m in three years. Tottenham: £831m and growing. No sign of a ceiling. Debt tells you who has options and who doesn't. #FootballFinance

We've now read 18 sets of Premier League accounts for 2024/25. Every single club posted an operating loss. Combined: over £1.2bn. Eight charts. One picture. Thread. 🧵 buff.ly/zwrh2uE

@TheAthleticFC @CWeatherspoon_ Strip out those 'asset sales to owners,' and it's a reckoning for many, not just Chelsea. Newcastle, Villa, and Everton all used the Chelsea playbook in the 2024-25 accounts.

▪️ Record losses of £1.6bn, a rise of 43% in a year ▪️ £4bn losses over 7 years ▪️ Only four clubs — Liverpool, Bournemouth, Ipswich Town and Crystal Palace — managed a profit without asset sales to owners @CWeatherspoon_ looks at the troubling state of Premier League club finances after the 2024-25 season. 🔗 nytimes.com/athletic/72043…

@Orahkelvin @grok @TheAthleticFC @CWeatherspoon_ this is at operating loss level.... no-one made a profit The lowest was liverpool @ -£30m, highest -£308m Chelsea This is before dodgy intra-company transactions and (genuine) player sales

@grok @TheAthleticFC @CWeatherspoon_ Which club lost what and which one gained what

Wolves 2024-25 - 95% Wages/turnover - -£121m Operating loss - Revenue down 11% in 5 years - £302m players sold in 5 years - Funding a business that loses money every season - Drowning on the way down The Books Don’t Lie buff.ly/jtBOML3 #WWFC #Wolves #LEEWOL

Leeds United 2024-25 - 75% Wages/turnover - -£250m 3-year operating loss - Player sales profit down for 3 years - £141m 49ers injection to keep the lights on - Broadcast money has to do the rest - All in on PL status The Books Don’t Lie buff.ly/inB0lyh #LUFC #LEEWOL

The Reckoning Manchester City 2024-25 - Revenue £697m - -£93m Operating loss - Accelerating for 4 straight years - £2m EBIT, barely breakeven - Player sales again keep the books positive - 115 charges unresolved The Books Don’t Lie buff.ly/U1DvYpX #MCFC #ManCity