Silk from financial sow’s ear

1048

World Soccer Magazine published a fascinating table at the bottom of an article on the respective financial might of Chelsea and Manchester City yesterday, detailing player spend and sales for current English Premier League clubs over the last 10 seasons.

Liverpool have an average net spend of £18.1m as they chase former glories while Manchester United, who stole Liverpool’s place at the top of the English pile, had only a marginally higher net spend of £18.6m.

Fifth on the list is Aston Villa, largely on the back of an attempt to take over the world during Martin O’Neill’s reign, spending a net average of £11.1m.

Most fascinating of all is that 11 of the 20 have a net average spend of less than £4m per season.  They spend big, but apart from the odd team spending some foreign country’s mineral wealth, they also sell big.

Bottom of the table of net biggest spenders in Everton, who sold £7.8m of talent more than they bought during the period.  Newcastle United are also in a surplus, thanks in part to their recently departed director of football, Joe Kinnear, who completed his service without spending a penny.

Crystal Palace clearly have an eye for a bargain.  They successfully negotiated a return to the Premier League, and then bought Joe Ledley as his Celtic contract ran down, with an average net spend of £722k.

The Silk from a Sow’s Ear prize has to go to Arsenal.  The last decade has not been generous to Arsenal, however, their average net spend is only £1.5m per season having sold £277m worth of talent.  Their business model is not right, i.e. they have not been able to compete with those who don’t seem to care if they break even, but they, more than any other club in Europe*, are primed for the Financial Fair Play era.

*apart from Celtic, of course.
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  1. Good grief! Having just finished listening to a Radio Four download about Leonard Cohen, which featured his majestic speaking voice, I am starting to think that this gay malarkey might be very endearing. Listen to the man’s voice and try not to swoon. Cohen or Phil Spector lovers should listen to it as it features Cohen’s hilarious comments about Spector’s affection for guns.

     

    Looking forward to seeing the Pat Nevin interview.

  2. BIG-CUP-WINNERS on

    MWD

     

     

    We have always faced that, as you know.

     

     

    What is ridiculous about pointing out that the SNP have criminalised us, after being given their first taste of power?

     

     

    That is my fear. You think fact is ridiculous?

     

     

    I also believe thousands of salmonds “blood” are destined to come here if Ireland unites.

  3. leftclick We are all Neil Lennon on

    http://en.wikipedia.org/wiki/Contingent_liability

     

     

    Contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of a future event such as a court case. These liabilities are not recorded in a company’s accounts and shown in the balance sheet when both probable and reasonably estimable as ‘contingency’ or ‘worst case’ financial outcome. A footnote to the balance sheet may describe the nature and extent of the contingent liabilities. The likelihood of loss is described as probable, reasonably possible, or remote. The ability to estimate a loss is described as known, reasonably estimable, or not reasonably estimable.

  4. Proudbhoy – if you want the print version you can buy this at magcloud.com – there will be a link on the cover (it won’t be working until this evening as we have two pics we need to swap around). There is also a great iPad download facility on Magcloud which is free.

     

     

    Buying the print version doesn’t help CQN – as we don’t make any money from that. The magazine is free to enjoy on CQN posted below Paul’s blog (use the various buttons at top and bottom to enhance experience – button at bottom right opens in full screen. You can also download the mag from one of the button at the top left and there’s another one for back issues etc

     

     

    You can also check out the magazine at http://www.CQNMagazine.com

     

     

    Everyone who buys the CQN Annual helps financially and if you haven’t already purchased a copy you can get yours for a tenner using the ad next to Paul’s blog or if you use a mobile email me and I’ll sort – david@CQNMagazine.com

     

     

    Thanks

  5. TheOriginalSadiesBhoy

     

    12:07 on

     

    5 February, 2014

     

    Johnnyclash

     

     

    Pink tartan lederhosen unless anyone else has suggested it.

     

    …………………………………………..

     

    or just the good old Celtic onesie (suitably doctored) and fluffy ear muffs as a fashion pointer ……….braw

  6. Billy Bhoy 05

     

     

    You have been on the blog spouting your ill-informed nonsense for months now.

     

    Numerous posters have told you, that this isn’t a party political broadcast, its a Celtic blog called…Celtic Quick News.

     

    You don’t have the skills to influence anyone politically, so why bother.

     

    I don’t believe in your nationalist dream of manifest destiny, and have no time for the British crown either. Your attempt to convince people to vote for independence is frankly laughable, and merely annoys people who aren’t so slavish to half-baked ideology.If you insist on giving political lectures to people, have the good grace to know what you are talking about.

     

    HH

  7. The Battered Bunnet on

    Pat Nevin used to be a supporter of gay marriage, but now attends an Edinburgh sauna for the pure love of their concept of the game.

  8. BIG-CUP-WINNERS on

    Billy Bhoy 05

     

     

    There is one thing you wrote yesterday that most certainly isn’t true Celtic fans are “paranoid”.

     

     

    Don’t ignore that again.

  9. Hamiltontim is praying for Oscar on

    MWD

     

     

    Eh weren’t we under SNP control when Neil Lennon was sent bombs and bullets in the post??? :-)

  10. TheOriginalSadiesBhoy on

    neustadt-braw

     

     

    12:15 on 5 February, 2014

     

    ………………………

     

     

    I can picture it in my mind :-))

  11. sixtaeseven - Gardez la Foi, DAM 5 ! on

    The last beamback they had at Ipox was for their Manchester UEFA final. There were dozens of arrests inside the ground.

     

    Thae Chelsea fans get everywhere, n’est-ce pas…

  12. Phil MacGiollaBhain ‏@Pmacgiollabhain 2 Min.

     

    In the days of Rangers this would the time of year when they went to TicketUs for a few million for a couple of months.

     

    #ChangedDays

     

     

    braw….its a braw day again ….endless huntertainment….braw

  13. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........FC not PLC on

    HAMILTON TIM 1218

     

     

    Catching up,I have to say…

     

     

    That was a grand post!

     

     

    (Not a pop at MWD,btw,just my typically facetious play on words.)

  14. TheOriginalSadiesBhoy

     

    12:20 on

     

    5 February, 2014

     

    neustadt-braw

     

     

    12:15 on 5 February, 2014

     

    ………………………

     

     

    I can picture it in my mind :-))

     

    ……………………………….

     

    me too :)))) ……what does that make us ? braw ….

  15. I promised to resist the political nonsense today so I will restrict myself to saying well done, Martim, on showing some grace and humour.

     

     

    Now, on to the football.

     

     

    Big Fraser is rightfully, getting a lot of the plaudits for the clean sheet record but it is not his and his alone.

     

     

    Our back 4, at least, should be mentioned.

     

     

    In our 12 domestic clean sheets, Izzy, Ambrose and Van Dijk have appeared as starters in all matches. Only the RB position has changed with starts for Fisher (6), Matthews (3) and Lustig (3).

     

     

    I don’t know about Fraser’s religious preferences but, I believe our other 3 ever presents are all of the evangelical variety. Only our rotating right backs have undeclared religious affiliations.

     

     

    This begs the question.

     

     

    Do we need more staunch Protestant, No Surrender type defenders?

  16. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........FC not PLC on

    There are probably loadsa words with all of the vowels once and once only,and in the correct order.

     

     

    Sadly I can only think of two.

     

     

    Facetious and abstemious.

     

     

    I’m well-known for the first,but a complete stranger to the latter.

     

     

    Time for a pint,that was a hard shift!

  17. leftclick We are all Neil Lennon on

    Phil MacGiollaBhain‏@Pmacgiollabhain·8 mins

     

    I am hearing that the £2.5 Million credit line is already used up.

     

    I await a denial on that one…

  18. BIG-CUP-WINNERS on

    Moonbeams

     

     

    They also made the coppers the initial arbiter in the OB act too. A shocking decision to give such power to a group largely and openly infested by our enemies.

  19. leftclick We are all Neil Lennon on

    Now I’m a big fan of Phil .

     

    Buuuuuuut the wee questions always bouncing about in my head is

     

    Who inside “stalag sevco” is giving him him info and more importantly WHY?

     

     

    Though more strenghth to him as I firmly believe all things sevco would have been different were it not for him exposing them at the start .

     

     

    Till later all wee mhans nursery time

  20. BMCUW

     

     

    There is also arsenious but I am unsure if you are being it.

     

     

    I also found abstentious, acheilous, anemious, caesious and annelidous.

     

     

    I am sure you are already aware of their respective meanings as:-

     

     

    relating to arsenic with a valency of 3

     

    abstinent

     

    having one or both lips absent

     

    growing in windy conditions

     

    bluish or greyish green

     

    belonging to the phylum Annelida

  21. SFTB

     

    Izaguirre is a Protestant??

     

    Let me make it clear I don`t care a jot but I am surprised. Likewise with Efe. His cavalier style does not fit with my prejudiced view of those of the Protestant faith 0:-)

     

     

    JJ

  22. NatKnow - Supporting Wee Oscar on

    setting free the bears supports Res. 12 & Oscar Knox

     

     

     

    12:30 on 5 February, 2014

     

     

     

    I think I saw the Craig Whyte Contingent Liability at the oul Burns Howff.

     

     

    Free form Jazz, followed by a bunnet collection and some liquidation refreshment, if I recall rightly.

     

    ——————————————————————-

     

    You sure, SFTB? I’m certain they were at the Edinburgh Lunatic Fringe some years ago. Specialised in farce as I recall?

     

     

    Well done on highlighting the sterling work by our whole defence in achieving the record of clean sheets etc.

  23. So Craigie bhoy is back as a director of sevco 5088…what will the sfa ‘s next move be??

     

    This will be fun…jelly n icecream anyone?is that 2 years already?hh

  24. TheOriginalSadiesBhoy on

    SOAL

     

     

    I’m taking the wife. There’s a rather salubrious MacD’s within walking distance of where I live. She’ll love it. Just what the doctor ordered!

  25. eddieinkirkmichael on

    If Phil is right on this then I would guess that the end will come this week or early next at the latest.

  26. eddieinkirkmichael on

    HT, little steps to begin with, no need to rush things. Why rush in a make a decision on pound ect when there is no need.