Skip to main content

Posts

Does Spurs collapse reflect greater top flight volatility?

It is the prospect of Spurs, one of English football’s so-called Big Six clubs, exiting the league that is capturing media attention as the Premier League season approaches its end. “There’s not much hope. There is anger, just disbelief really that we’re in this situation,” Flav Bateman, host of The Fighting Cock, a Spurs fan podcast told the Financial Times . “I think a lot of Spurs fans feel the same. We’re not even talking about it anymore.” The club’s place in the Big Six has not chimed with performances on the pitch. Spurs have not won the league since 1961, while their last FA Cup trophy was 35 years ago.   Fans complain that the emphasis on the business side has led to years of under-investment in players. Spurs have spent about £1.3bn on transfer fees for players in the past decade, the sixth highest in English football and similar to Liverpool and Arsenal, according to estimates from Transfermarkt. However, Spurs spent just 43 per cent of revenue on player wages...
Recent posts

Pink 'Un delivers verdict on Spurs

The Financial Times gives its verdict on the challenges facing Spurs: 'The next three days will be crucial for Tottenham Hotspur, one of English football’s “Big Six” clubs. Having won only once in the past eight games, the London team are in the drop zone, and the expectations among bookmakers and data wonks have now shifted: Spurs are increasingly expected to be relegated. Demotion would be calamitous and unprecedented for such a wealthy club. Some roots of the current crisis run shallow. A newly appointed manager failed to improve results after last year’s dismal league finish, the worst in decades. New players, bought at considerable cost, did not deliver what was hoped for on the pitch. And injuries to key squad members piled up. In an increasingly competitive league, such things can snowball quickly. Without the experienced hand of Daniel Levy — Spurs executive chair for almost 25 years until his ousting in September — perhaps the club reacted to those problems too slo...

Premier League losses close to £800m

Premier League clubs made a combined loss of almost £800 mn last season, highlighting the challenges facing investors who have spent billions of pounds buying teams in the world’s most popular football league. Annual accounts from the 20 teams in England’s top flight covering the 2024-25 season show that 14 clubs reported pre-tax losses, despite revenues rising to more than £6.8 bn across the league from £6.3 bn a year earlier.   Chelsea, controlled by US private equity firm Clearlake Capital, reported a loss of £262 mn, a record for an English club. Tottenham Hotspur and West Ham, both currently fighting to avoid relegation, made losses of £120.7 mn and £104 mn respectively. English football has attracted billions of pounds of investment, much of it from the US, including from wealthy individuals, hedge funds, private equity firms and sovereign wealth funds. However, M&A activity has cooled recently, in part owing to concerns about the ability to generate financial returns...

Finance guru warns of Liverpool risks

Football finance guru Kieran Maguire has told a Livepool fan site that the financial implications could be huge if the club fails to qualify for the Champions League next season:  https://www.rousingthekop.com/2026/04/16/how-hard-liverpools-finances-could-be-hit-by-missing-out-on-champions-league-football/ A difficult question for Liverpool's owners is whether the slot machine is no longer paying out.

The striking transformation of PSG

Having brushed aside Liverpool’s creaking defence and a slot machine no longer paying out, Paris Saint-Germain faces an exciting Champions League semi-final test against Bayern Munich.   The success of PSG comes against the backcloth of a Ligue 1 which is the most troubled of the top five European leagues.   Once one leaves behind a small number of clubs, the standard falls away rapidly. From his Zurich fastness, the Swiss Ramble casts his usual forensic eye over the club’s finances, much more detail and depth available on his Substack page.  He makes some interesting comparisons with other leading European clubs which are of interest given the relative failure of Premier League clubs. Paris Saint-Germain’s 2024/25 accounts covered a season that the club not unreasonably described as “the most successful in our history”, as they won (deep breath) the UEFA Champions League, the UEFA Super Cup, a 13th Ligue 1 title, a 16th Coupe de France and 13th Trophée des ...

WBA financial breaches may just be a calculation error

Football finance guru Kieran Maguire is sceptical about the basis for the financial charges brought against West Bromwich Albion.   There is no conspiracy to deceive and it may just be that someone made a mistake in adding up the figures:  https://www.bbc.co.uk/sport/football/articles/cx2rr73g0pgo John Pelling has substantial experience in this area and was brought in by the Beggies to help with PSR issues:  https://www.expressandstar.com/sport/football/west-bromwich-albion/west-brom-john-pelling-psr-6573887