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Silk from financial sow’s ear

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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. I'm Neil Lennon (tamrabam) on

    if scotland get independence, why the heck would the good folks of scotland vote to get rid of lizzie? Never….

  2. LiviBhoy - God bless wee Oscar on

    Rock Tree Bhoy

     

     

    I always thought Newcastle were linked to Rangers.

     

    I’m no fan of theirs. Couple of Bhoys I know are big Sunderland fans and I like to see them do well.

     

     

    LB

  3. I'm Neil Lennon (tamrabam) on

    rock tree bhoy

     

    perhaps the reason is in the “mad” part of the website name

     

     

    perhaps newcatle loonies

     

    or newcastle eejits

     

    or newcastle 0

     

     

    might be more apt

  4. Phyllis Dietrichson on

    Glass Two Thirds Full 13.29 – it’s easier to plot your way to third place in the group if you’re the top seed; well that’s my opinion anyway.

  5. squire danaher on

    Phyllis/glass two thirds full

     

     

    If Benfica establish themselves as a CL pot 1 team they have better chance of getting winnable section and then get a runner up in last 16

     

     

    They seemed to want to come second last year when they went for the win in game 6 at Barcelona while we were bearing Spartak

  6. Rock Tree Bhoy

     

     

    I wouldn’t worry too much about what certain people put on certain websites, green eyes comes to mind, Newcastle and their deluded fans think they are this big massive club and are far from it, when was the last time they won any kind of silverware? or got anywhere near winning some silverware?

     

     

    SPL or not, medals are medals and the trophies in the cabinet is what matters.

     

     

    I remember recently seeing a video of when Shearer signed and the fans at the time were all saying he’ll bring in the silverware…. how ever many years later they still think they’ll win something and that complete muppet Pardew is in charge of the team! and the team is dire compared to then!

  7. The Battered Bunnet on

    Hamilton Tim is quite right to ask what this ‘independence’ on offer really is. This isn’t the Scotland of James IV. It’s not even the fairy tale world of Walter Scott. And thank goodness for that much. This is latter day Scotland in the modren world, as they call it in Dumfries.

     

     

    Trade is transacted and regulated at the European and Global level.

     

     

    Our law substantially now comes from the European Court.

     

     

    In an ‘independent’ Scotland, interest rates and therefore monetary policy will be directed by the Bank of England, or so it is proposed.

     

     

    What is this ‘independence’ then?

     

     

    Answer I suppose is the same independence enjoyed by pretty much every small nation in Europe, whether Sweden or Slovakia: A bit. Sounds more like interdependence to me.

     

     

    The important aspect for me is that decisions are made in the right place by the right people with the right mandate. If Scotland trusts itself to make its own decisions, good enough. ‘Independence’ in the modern world is then more of an expression of self respect rather than self-determination.

     

     

    I still think too many people in the country (Scotland) feel a need to have someone else to blame tho, whether it’s ‘the Tories’, ‘the rich’, ‘London’, ‘bankers’, ‘spivs’ or what have you (not that many of them don’t deserve it of course). It’s been a Scottish stock in trade for centuries now, and I think this insecurity/immaturity will win the day. No will edge it.

     

     

    On reflection, this is somewhat paradoxical – I’m saying that the people of Scotland will decide to continue to have someone else to blame, and will have no one to blame for that but themselves :¬) Hey ho.

     

     

    A Yes? Call it greater devolution. Call it lesser independence. Call it whatever you like. I call it democracy.

  8. Italia Bhoy

     

     

    It seems to me that you have a very poor grasp of economics. Empirical evidence shows Scotland pays more into the coffers than we get back, to the extent of £32 thousand million. I said earlier even the pro No vote press like the FT accept that we would be at worst, the eighth richest country on the planet.

     

    There is also the tremendous feeling that would come with being a free country.

     

    Re the pound. Hong Kong aligned with the US dollars for many years and no talks or agreements ever took place. I would ask that when considering your position you think about the constant battering of the Press & Media we are getting in support of the No Campaign

  9. ItaliaBhoy @ 13:33 I think you’re missing the point. Independence isn’t a binary state. All countries are dependent on others. The point of Scottish independence is in agreeing in what way we are dependent on others. Interdependence is probably more accurate.

     

     

    To take your EU example – we don’t have to join on their terms; because we don’t have to join. If we decide it’s in Scotland’s interests to be members with whatever rules that imposes on us we do that but if we think the terms are onerous we just don’t join. Norway seem to be managing. Without independence we risk UKIP dictating whether we are members are not. The character of the debate in England about Europe is increasingly xenophobic, why would we want to leave our fate in their hands when we have the chance to make our own decisions in our own interests?

     

     

    On your Sterling example you say that it will be on the UK government’s terms buit isn’t that exactly where we are now except that with a yes vote we’d be free to leave that currency union when we wanted, when we wanted a currency of our own or when we decided to join the Euro.

     

     

    Independence is not about being isolationist it’s about taking repsonsibility for ourselves, acting in our own interests based on our own principles. How much is that worth in any currency?

  10. Call_of_Juarez on

    Could anyone confirm for me if the currant bhuns ever played against Sparta Rotterdam in a European Cup semi at Highbury in the 60s?

     

    Thanks.

  11. NatKnow - Supporting Wee Oscar on

    Rock Tree Bhoy

     

     

     

    13:47 on 4 February, 2014

     

     

     

    Anyone know why ‘Newcastle United Mad’ dont like us?

     

     

    “The “One Club Scottish League” is the joke of the football world, and Forster knows a title medal with Celtic may as well be made of chocolate”

     

     

    I used to have a soft spot for them roundabout the time Keegan was in charge but ever since Fraser Forster joined us they – or that web site in particular – nothing but cheek.

     

    ——————————————————————-

     

    This from fans of a club who haven’t won their own league since 1927? :-)

     

     

    Who cares what they think – they’re irrelevant…

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

    BILLY BHOY 05

     

     

    Argentina tied The Peso to The Dollar a good few years back and still hasn’t recovered.

  13. Apologies, just ignore my previous post and read the one from The Battered Bunnet. Similar posts but one is articulate, well written and intelligent.

  14. GlassTwoThirdsFull on

    Phyllis Dietrichson/squire danaher

     

    Yeah – I guess a couple of seasons of Europa League to get a higher seeding, THEN you can make a push for CL knock-out stages. Maybe something we should be looking to do…..

  15. eddieinkirkmichael on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS ………FC not PLC

     

     

    13:23 on

     

     

    The reson the No people have steered away from the ecomonic arguments is that they are simply not true. As yesterday’s Financial Times reported, we would be much better off in an Independant Scotland..

     

    There isn’t 1 MSM, either newspaper or radio/TV who supports Indy, yet still those who want Indy continue to grow. The media continue to peddle their Scotland couldn’t manage to run a succesful economy or country on it’s own, yet forget to mention that it was Scots who effectively ran the Empire.

     

     

    Today we had the BBC 1pm news running with the story that an American CEO of Brittish owned BP says Indy isn’t a good thing as we have no clarity on what currency we would use and that BP wouldn’t be competitive on the world stage if scotland had Indy as it would mean extra expenditure in creating another headquarters in Scotland.

     

    This just bonkers and why no one put him on the spot re the monertary union was incredible, also oil is paid for in Dollars in every single country in the world. What we decide to use will make not one bit of difference to this.

     

    His comments on having to create more offices in Scotland was embarrassing and just misleading.

     

     

    We are an inteligent people and this stuff fools no one.

     

     

     

    http://wingsoverscotland.com/unleashing-a-firestorm/

  16. Rock Tree Bhoy on

    LiviBhoy – God bless wee Oscar

     

     

    I’m Neil Lennon (tamrabam)

     

     

    Robert88

     

     

    Thanks for the replies guys, I also seem to recall some kind of tenuos links with deedco but cant remember the details, anyway its Sunderland for me from now on…

  17. Eddie/TTTT,

     

     

    Just reading back and saw your references to the asbestos problem at Ayeboakes.

     

     

    About 10 years ago the stadium manager (yes, there was one then) put out tenders for companies to assess the extent of asbestos/problems at Ayeboakes. This was a time when firms were paid up, believe it or not, so my mate, who wholly owned a large specialist asbestos removal firm thought he’d chuck his hat in the ring.

     

     

    Now this guy has a VERY timmy-sounding name so he was surprised to get the gig (even getting the welcome treatment, walking up the marble staircase, but, as he said, business comes before boak!) He sent his survey team in and the resulting conclusion was that there was NO asbestos problem affecting the stadium at the time. (And he was evev paid on time by said stadium manager).

     

     

    Now, of course 10 years (approximately) have passed and it looks as if there has been some potentially serious construction decay across parts of the stadium – this MAY have impacted on the asbestos present in the stadium and could therefore be a contemporary problem where no problem existed before.

     

     

    Hope this helps.

  18. How many squillions does the UK pour down the drain by getting involved in unjustified wars and other below the radar adventures. Then theres a new generation of nuclear subs and missiles to be paid for. That would be a big saving for a free Scotland for a start.

  19. Dont know if it has already been posted,but I just watched LGs 28 goals for Hibs on U-Tube.Some absolute belters.One a replica of Nakas against Man U.Another ,a 40 yard effort against Hearts that went a yard over the line off the bar,and was not given.A whole variety of goals,from tap ins,to solos,to screamers.We have got a star here,mark my words,i tells ye.

  20. Europa League so as to glean a better coefficient?

     

     

    I would sacrifice many a coefficient point for the many great nights I have had at Celtic Park for Champions League games.

     

    For any Newcastle fans lurking, that is ……oh, forget it 0:-)

     

     

    JJ

  21. Glasstwothirdsfull

     

     

    I would argue to the contrary that it is most certainly in UEFA’s interests to investigate as they have full powers to do concerning the kind of deals designed to get around FFP.

     

     

    The thing is for every Man City there are at least 20 clubs who are abiding by the rules and will ask questions if UEFA only pay lip service.

     

    I would argue that excluding Man City and PSG is all that is needed to bring clubs to heel.

     

    All UEFA have to do is decide if a club is in breach and exclude them.

     

    Cue legal battles that take at least a season to sort out whilst the case is argued, then appeal etc etc but leave clubs kicking their expensive heels whilst its all sorted out.

     

    Its not as if they have not had enough time to do so.

  22. NatKnow - Supporting Wee Oscar on

    Quickdraw

     

     

    14:10 on 4 February, 2014

     

     

    Apologies, just ignore my previous post and read the one from The Battered Bunnet. Similar posts but one is articulate, well written and intelligent.

     

     

    ———————————————————————————

     

    :-) but don’t put yourself down – it was a well written post. As was TBBs post.

     

     

    And both point up some important issues when looking at the debate. In particular, the inter-connected and global nature of international relations these days and the question of what is meant by “independence” in this current context. Neither is a small topic.

     

     

    Which reminds me – time for my tea-break…

  23. weet weet weet(GBWO) on

    It’s a pity that we have a link with Newcastle .

     

     

    Ronnie Simpson,who I believe has a lounge named after him in St James Park

     

     

    HH

  24. the long wait is over on

    Newcastle remind me a lot of a certain Southside ( at least for the moment ) based outfit.

     

     

    They are about 1/10th as important as they think they are and , deep down , know it.

     

     

    They make up for it by being bitter about everyone else.

  25. LiviBhoy - God bless wee Oscar on

    weet weet weet(GBWO)

     

     

    I don’t see that as a pity. We have links to hundreds of clubs. Newcastle are lucky to have a lounge named after a European Cup winner. Must be their only one.

     

     

    LB

  26. traditionalist88 on

    Re. Newcastle

     

     

    Another set of deluded fans happy to survive and bask in the reflected glory of other clubs in their ‘big’ league.

     

     

    In reality outside the top 4-6 the EPL is made up of small – medium regional clubs like Newcastle who are cannon fodder for the big clubs.

     

     

    Clubs on both sides of the divide in England will not be able to sustain the spending of recent years and hopefully it will all come crashing down around them soon.

  27. Eddie/TTTT,

     

     

    Just reading back and saw your references to the asbestos problem at Ayeboakes.

     

     

    About 10 years ago the stadium manager (yes, there was one then) put out tenders for companies to assess the extent of asbestos/problems at Ayeboakes. This was a time when firms were paid up, believe it or not, so my mate, who wholly owned a large specialist asbestos removal firm thought he’d chuck his hat in the ring.

     

     

    Now this guy has a VERY timmy-sounding name so he was surprised to get the gig (even getting the welcome treatment, walking up the marble staircase, but, as he said, business comes before boak!) He sent his survey team in and the resulting conclusion was that there was NO asbestos problem affecting the stadium at the time. (And he was evev paid on time by said stadium manager).

     

     

    Now, of course 10 years (approximately) have passed and it looks as if there has been some potentially serious construction decay across parts of the stadium – this MAY have impacted on the asbestos present in the stadium and could therefore be a contemporary problem where no problem existed before.

     

     

    Hope this helps.

  28. I think its just one newcastle hun who writes most of the anti-Celtic rubbish. I doubt the average geordie cares too much about us one way or the other.

     

    Although Ive just remembered that in the past geordies would traditionally have a day out up at the Scottish cup final.

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