Browsing Archive: March, 2013
Posted by Ed Thompson on Tuesday, March 19, 2013,
On the face of it, things don't get much better for Galatasary fans. They have a team of top stars, are through to the last 8 of the Champions League and have now been drawn against Real Madrid - life is certainly sweet for the Turkish champions. However, the club has spent heavily and recent announcements from the club confirm the club has some serious, immediate problems.
Club President Aysal recently revealed that the club is teetering on the edge of bankruptcy with total debt of $328m. Wo...
Posted by Ed Thompson on Thursday, March 14, 2013,
With Malaga and Paris St-Germain in the last 8 of the Champions League, questions have been raised about the impact of potential FFP punishments on the Qatar owned clubs’ campaigns. Both are very much the ‘bad boys’ of FFP and it is interesting to explore what might happen to the clubs if either win the current UEFA Champions League campaign.
Paris St-Germain look likely to fall-foul of the rule relating to the Break Even requirement which requires clubs to balance their incomings and ou...
Posted by Ed Thompson on Sunday, March 10, 2013,
Liverpool recently reported a £40.5m loss the 2011/12 season (the first year of the initial FFP Monitoring Period). I have attached a table summarising the accounts, together with a projection for the next accounting period.
Not being a Liverpool supporter, I am grateful for the assistance of Mike Donald (@mdonald1987) for his help in pulling the above together and providing information on events at the club.
The good news for Liverpool fans is that the club appears to have turned a corner. B...
Posted by Ed Thompson on Thursday, March 7, 2013,
If UEFA wanted to find one club to illustrate the concept of ‘financial doping’ it would probably point to Paris St-Germain.
Although the club hasn’t posted formal accounts for two years* they have had to provide figures to the DNCG [the organisation that oversees club accounting on behalf of the Ligue de Football Professionel (LFP)]. DNCG publishes the account information and I have attached the relevant page for PSG for the year ending June 2012 (with my highlights and translation of...
Posted by Ed Thompson on Wednesday, March 6, 2013,
Premier League clubs are resorting to increasingly devious actions to bury bad financial bad news. Comparatively few fans are skilled at analysing club accounts so rely on journalists to interpret their team's financial results for them. However, clubs realise that if there is bad news to presented in the accounts, they can avoid the unwelcome glare of media and fan attention by timing their release so the news is not fully reported.
Recently Aston Villa released their annual accounts (another...
