Skip to main content

Rovers and United: a financial comparison

An old Private Eye cartoon but still relevant

Leading football finance analyst Kieran Maguire of Liverpool University, and author of a new book on the Price of £ootball has been making a fascinating series of comparisons between the finances of Tranmere Rovers and Manchester United who meet in the FA Cup today.

In terms of revenue, for every £1 generated by the Wirral club, Manchester United make £136. For every £1 in wages paid by Tranmere, Manchester United pay £83.40. For every pound in transfers paid by Tranmere, Manchester United paid £18,219.10.

Tranmere pay their board of directors nothing , Manchester United pay theirs £10.6m. Tranmere pay their shareholders nothing, Manchester United pay theirs £22 million a year. Tranmere Rovers have paid their bankers £1.2 million in interest since 2006, Manchester United have paid theirs £816 million.

In his book, published by Agenda, Maguire states: 'There are many examples of fine owners in all divisions ... such as Nicola [aka Mark] Palios at Tranmere Rovers, who are dedicated to making their club the hub of the local community whilst also ensuring the club lives within its means financially.'

Palios negotiated a sale of 15 per cent of the club to Indonesia-based investors last year but local welfare in Birkenhead and the Wirral remains the priority.

Labels:

Comments

Post a Comment

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...
Post a Comment
Read more

Hull City's 'strange' loan

When football finance guru Kieran Maguire seems flashing lights in a club's loan deal, I become concerned.  He is the leading football finance expert in the UK. Hull City have borrowed £55m against their stadium and training ground yet they should get £30m from the Premier League before long.  What is going on? https://www.bbc.co.uk/sport/football/articles/cpwel48y51do
Post a Comment
Read more