But they have to keep the fly wheel spinning. With revs maxxed out, or even in decline, the only way forward is influxes of dumb capital
If anyone is interested, Athletic have a good indepth piece on Juve's Enron style player scam. Essentially they began to use fictitious accounting and deals to hide huge problems on their balance sheet - this kicked into overdrive when Covid hit and ended with them being investigated for fraud "Plusvalenze" is basically a scam where you 'sell' a player to a colluding clun at an overvalued price, and at the same time buy back an inflated player. Thanks to how the book value of players works, you can then book the full profit for the sale in the current year, while amortising the cost of the purchase over many years. The accounting treatment is legit but the reason this is fraudulent is they are not real deals and no money changes hands - you simply trade players at fake prices to generate paper profits. https://theathletic.com/4141896/2023/02/07/juventus-crisis-paratici-ronaldo-chiellini/
Jitty, Newcastle, United and LFC will likely all have new owners, Chelsea already does. All those ownership groups have the right UK types on their team. I guess City just didn't have enough white British advisors. Too many swarthy types in that hierarchy. I was listening to a podcast, essentially EPL is charging City with filing false financial statements/projections which is a massive allegation. Even funnier, the UK accountancy that fact checks those before filing them would or should be liable (they would be if they were in the US) it is all hilarious man. City v Wrexham is gonna be a barn burner next season in League 2
They probably get away with this if they hadn’t become a publicly traded company. Artificially inflating profits on what are in reality player trades affects share prices. In addition, Chiellini’s whatsapp revelations about deferred salaries aren’t inherently illegal as long as those payments are debited from the accounts when they are made, but the public statement by Juventus which suggested the players were giving up four months of wages instead of giving up one month of wages and deferring three months could also affect share prices. In the end, Juve appear to have been counting on the European Super League to get them out of the financial mess that they probably incurred in anticipation of the Super League.
Newcastle already have new owners too, but given that the financial investigations of both Man City and Juventus took years, neither Newcastle or Chelsea’s new owners have been in charge long enough to run into trouble yet.
WHAT According to transfermarkt, Newcastle have spent 300m euros net on transfer fees in the last 18 months. Citeh have spent something like 50m net on transfer fees in that time.
Anyone watching ManU-Leeds? just turned it on, Sancho (forgot he played for them) just leveled it up at 2-2 with ~20 mins left. Would be nice if we got a favorable result from this one.
This is doubtless true based on all the ownership turnover of erstwhile stable products. Pool, United, etc
It didn’t take long for United to do their internal investigation of Greenwood, he came on in the last minute of the game today.
My bad, maybe it was Varane on the right side of the games timeline, for his own goal, that tripped me up. Maybe it was assuming the worst about United.
This has been going on so long that most Italian fans believe pluzvalenze to be normal. But there has been hoards of people crying for this to be exposed as fraud and Juve always had the most glaring "wth?" deals. The scary part was that Moggi's son ran a talent agency and was strong-arming players into agreements. If you did not sign, you would never sign with a big team. Alessandro Rosina is the biggest example.
An entertaining "Great British Matchup" at OT tonight. Leeds held Yanited to a draw, even though they had them 2-0 and looked confident. But they couldn't keep them out after they went more into their shell. But overall Leeds showed tons of intensity, tempo & desire... perhaps more than their opponent. To my eye it didn't look much different from what they'd been playing under Marsch, but they just had their finishing working today. p.s. And there was a rare sighting of a concussion substitution used in 1T where Struijk took a hard shot to the temple and to the credit of Leeds physio/medical staff they pretty quickly assessed him to be too mentally impared to continue.
Super League is back and probably will happen this time: https://archive.ph/2023.02.09-10573...e-new-tournament-to-replace-champions-league/ https://www.espn.com/soccer/uefa-ch...-launches-new-proposaleyes-80-team-tournament
Funny how all these plans to fix what is allegedly broken in European football involve ways to make the biggest clubs even more wealthier than their peers. A**holes, the lot of them.
I dunno if it is. The EPL is the default Super League, the only way the super league takes off is by swinging by the coat tales of colonialism and the accessibility/reach of "Englishness". I don't see why the top 8 clubs in England would care about a league to include let's be honest the tiny TV consumption Italy and French clubs.
Every single big club in England would join the Super League, if it was stable and they could shut down the Sky Sports anger.