A Load of Squit 6,260 Posted May 4, 2020 This has been quite technical, but those wishing to understand a football club’s finances and the impact these have on its strategy should, as always, follow the money. That means not just focusing on the P&L, but also looking into the mysterious world of the cash flow statement. Amongst other things, this analysis has shown that even some of the Big Six make operating losses, largely offset by profits from player sales. Significant financing was still required at two clubs to cover investments: player purchases at #CFC and the new stadium at #THFC. As the old saying goes, “Revenue is vanity, profit is sanity, but cash is king.” This is especially the case when football has shut down. As cash is really important in these difficult days, we will take a closer look into the cash flow statements of the Big Six clubs tomorrow. If you like this sort of thing, there's lots of number and graphs. I went straight to the end, it's pasted above. Share this post Link to post Share on other sites
TIL 1010 5,246 Posted May 4, 2020 Thanks for that squit but i will just wait for City1st to run his financial expertise and analysis over it first. 😜 Share this post Link to post Share on other sites
keelansgrandad 6,680 Posted May 4, 2020 What a statement really. It basically says football is run at a loss. And I blame the clubs for allowing the players to walk over them. Alan Sugar was Tottenham chairman when the TV money started and he warned them not to make it all available. Invest half of it he said. Then the players can only get their hands on half of it. But alas, those with delusions of grandeur just grabbed the money. Share this post Link to post Share on other sites
wcorkcanary 4,781 Posted May 4, 2020 4 hours ago, TIL 1010 said: Thanks for that squit but i will just wait for City1st to run his financial expertise and analysis over it first. 😜 Typical righty guff, you're just making stuff up, I expect your other logins will be,along soon to back up your lies,lies,lies! That was easy! Now all I have to learn is how to copy and paste endless links from obscure sources that are so numerous and monotonous that no one bothers reading them. Share this post Link to post Share on other sites
TeemuVanBasten 3,328 Posted May 4, 2020 1 hour ago, keelansgrandad said: Alan Sugar was Tottenham chairman when the TV money started and he warned them not to make it all available. Invest half of it he said. Football is run exactly like the country is run. Norway have done exactly what Alan Sugar has suggested and invested a proportion of their tax revenues into a sovereign wealth fund, the profits of which are used to fund public services. He's right, imagine if 20% of TV money had been invested since 1992 and the dividends it would generate to use for things like this, or for investing in grassroots football, etc. Share this post Link to post Share on other sites
ricardo 8,033 Posted May 4, 2020 6 minutes ago, wcorkcanary said: Typical righty guff, you're just making stuff up, I expect your other logins will be,along soon to back up your lies,lies,lies! That was easy! Now all I have to learn is how to copy and paste endless links from obscure sources that are so numerous and monotonous that no one bothers reading them. You just need to use different colours and few paragraphs in italics and you would have it pretty much nailed😉 Share this post Link to post Share on other sites
TIL 1010 5,246 Posted May 4, 2020 2 minutes ago, ricardo said: You just need to use different colours and few paragraphs in italics and you would have it pretty much nailed😉 Oh dear me. Share this post Link to post Share on other sites
wcorkcanary 4,781 Posted May 4, 2020 Just now, ricardo said: You just need to use different colours and few paragraphs in italics and you would have it pretty much nailed😉 Yep, he really does go the extra mile to educate us doesnt he. I would be fairly lefty politics wise but Jaysus, id say Corbyn would tell him to ease up a bit. Good man for obscure small rivers though,when usual suspects dont provide. Share this post Link to post Share on other sites
wcorkcanary 4,781 Posted May 4, 2020 1 minute ago, TIL 1010 said: Oh dear me. Dearie, dearie me. You lot are really thick arent you? I knew that ages ago. Sits back ,waits to be proved right......yet again. Share this post Link to post Share on other sites
king canary 8,750 Posted May 4, 2020 Football is built on an absolute house of cards financially. We're one of the best-run clubs in the country according to most reports and yet we're going to be in trouble pretty swiftly. Clubs have been allowed to become selfish, acting without care for the rest of the sport, as if they operate in a vacuum to the 91 other clubs that make up the professional game and the problems with this are starting to show. 1 Share this post Link to post Share on other sites
Indy 3,471 Posted May 4, 2020 I love the fact it’s the clubs being in the wrong, but the reality is players and agents for years have been creaming off any profits, fans expectations demand money spent on players........this is backed up by just how many top two division players have actually decided to take a pay cut to help football! I’d be delighted to see a few clubs go to the wall and the rest of football having to reset its finances. Share this post Link to post Share on other sites
Indy_Bones 444 Posted May 4, 2020 15 minutes ago, Indy said: I love the fact it’s the clubs being in the wrong, but the reality is players and agents for years have been creaming off any profits, fans expectations demand money spent on players........this is backed up by just how many top two division players have actually decided to take a pay cut to help football! I’d be delighted to see a few clubs go to the wall and the rest of football having to reset its finances. It IS the clubs in the wrong, if they'd refused to pay ridiculous salaries and outrageous transfer fees they wouldn't be in anywhere near the same position they are now when players try to be primadonnas, and agents ask for crazy percentages. If it's only about the money for the players, then I'd rather they went elsewhere, but if GLOBALLY, all clubs displayed a modicum of sense, or if rules were in place to put a salary and transfer cap, it would be irrelevant, and players wouldn't have anywhere near the amount of influence they have currently. Do I blame a player for asking for as much as possible (even being greedy on many occasions)? Not really, I think we'd all try to get the best deal we could given the chance, but I do blame the clubs for agreeing to silly requests and paying incredulous amounts instead of simply saying "You're taking the proverbial mate, how about giving us a sensible suggestion?" Yes, yes I do... Share this post Link to post Share on other sites
king canary 8,750 Posted May 4, 2020 33 minutes ago, Indy_Bones said: It IS the clubs in the wrong, if they'd refused to pay ridiculous salaries and outrageous transfer fees they wouldn't be in anywhere near the same position they are now when players try to be primadonnas, and agents ask for crazy percentages. If it's only about the money for the players, then I'd rather they went elsewhere, but if GLOBALLY, all clubs displayed a modicum of sense, or if rules were in place to put a salary and transfer cap, it would be irrelevant, and players wouldn't have anywhere near the amount of influence they have currently. Do I blame a player for asking for as much as possible (even being greedy on many occasions)? Not really, I think we'd all try to get the best deal we could given the chance, but I do blame the clubs for agreeing to silly requests and paying incredulous amounts instead of simply saying "You're taking the proverbial mate, how about giving us a sensible suggestion?" Yes, yes I do... Spot on. I do think the fans have been part of the wider culture of accepting and glorying in this though. Football seems to be the worst sport for pure fan tribalism and an inability to recognise that fans collectively can have some power over the game. Yet instead of banding together, we're too easily pulled apart, more interested in point scoring. 1 Share this post Link to post Share on other sites
Indy 3,471 Posted May 4, 2020 (edited) 45 minutes ago, Indy_Bones said: It IS the clubs in the wrong, if they'd refused to pay ridiculous salaries and outrageous transfer fees they wouldn't be in anywhere near the same position they are now when players try to be primadonnas, and agents ask for crazy percentages. If it's only about the money for the players, then I'd rather they went elsewhere, but if GLOBALLY, all clubs displayed a modicum of sense, or if rules were in place to put a salary and transfer cap, it would be irrelevant, and players wouldn't have anywhere near the amount of influence they have currently. Do I blame a player for asking for as much as possible (even being greedy on many occasions)? Not really, I think we'd all try to get the best deal we could given the chance, but I do blame the clubs for agreeing to silly requests and paying incredulous amounts instead of simply saying "You're taking the proverbial mate, how about giving us a sensible suggestion?" Yes, yes I do... Maybe, but I’d also say the owners chase the money, the fans want success and I’m not sure many fans would be happy missing out on key signings because of money. As I said I’m really happy to see the whole game needing to be realistic aligned to where salary caps might be introduced. Whoever is to blame it took this sad event to show the fragility of clubs through all divisions. Edited May 4, 2020 by Indy Share this post Link to post Share on other sites
keelansgrandad 6,680 Posted May 4, 2020 Indy, Sugar asked the clubs at the time, as a rule for the future as well, to put half of the TV money into a fund. Each club would be able to use this for anything other than wages. It would deflate the market and would leave room for manouvre. However, club chairmen he didn't name, but it is assumed clubs who thought they were established in the EPL, preferred to have all the money. Agents knew that clubs felt flush and would pay over the odds. Of courseit inflated the league which has led to very ordinary players receiving ridiculous wages. And of course many of those Chairmen have been ousted because they did not achieve their false dream. Share this post Link to post Share on other sites
LiziGeku 0 Posted October 29, 2021 (edited) Suppose you closely examine a company's cash flow sheet. In that case, you will see that most money comes in during one quarter and is expended during the next—for example, a company's net income in December of a given year may be $1 million. The company may make a $1 million sale in January of the following year. The firm may make a $2 million sale next year. The following year, it may cause a $3 million deal. Everything you're looking for may be found at https://factorforyou.com/new-york-factoring-companies/. Several details will assist you. Edited November 1, 2021 by LiziGeku Share this post Link to post Share on other sites
cambridgeshire canary 7,797 Posted October 29, 2021 1 hour ago, LiziGeku said: Suppose you closely examine a company's cash flow sheet This man really gonna pop up with his first post being a necrobump Share this post Link to post Share on other sites