El Flaco
Active member
[Swiss Ramble] - Here's a clue as to why 12 clubs have signed up for a European Super League: They lost a combined 1.2 billion pound in 2019/20 before player sales*. And that was for a season where only the last 3 months were impacted by COVID... *Liverpool have not yet published their accounts
https://twitter.com/SwissRamble/status/1383842188182790144
[Swiss Ramble] - Reasons for the European Super League, part 2: the 12 clubs have 5.6 bln pound of debt, per UEFA's definition of financial debt (3.5 bln pound) and transfer debt (2.1 bln pound). Moreover, almost all of the financial debt has come from banks (3.3 bln pound), compared to only 0.2 bln pound from owners.
https://twitter.com/SwissRamble/status/1384043501432709122
https://twitter.com/SwissRamble/status/1383842188182790144
[Swiss Ramble] - Reasons for the European Super League, part 2: the 12 clubs have 5.6 bln pound of debt, per UEFA's definition of financial debt (3.5 bln pound) and transfer debt (2.1 bln pound). Moreover, almost all of the financial debt has come from banks (3.3 bln pound), compared to only 0.2 bln pound from owners.
https://twitter.com/SwissRamble/status/1384043501432709122