The Analysis Series: The Florida default judgment (15th September 2026) and the ownership of Botafogo SAF

18th September 2026 What the Fifteenth Judicial Circuit actually decided on 15 September 2026, why Eagle Bidco did not defend, and why the declaration collides with the Brazilian share register, the CAM-FGV […]

Talking the Blues Podcast – post Wolves Carabao Cup win and update on the Friedkins’ intentions for Everton

Welcome to this week’s Talking the Blues Podcast with George and Andy Costigan. We catch up on recent results including the Tottenham and Wolves’ results before turning our attention to the Friedkins’ […]

The Analysis Series: Chelsea FC: Clearlake’s acquisition of the Boehly and Walter stakes; transaction terms, valuation, source of funds, settlement mechanics and a return model for the selling shareholders

Paul Quinn, CWTE Limited  Date:  17 September 2026 Companion papers:  Valuing Chelsea FC in 2026 (18 Aug 2026); Guggenheim and Chelsea FC (29 Aug 2026); Clearlake’s buy-out of Boehly & Walter (11 […]

The Analysis Series: Manchester City v The Premier League

17th September 2026 The Unresolved “115 Charges” Case: Causes of Delay, Comparative Precedent, Stakeholder Implications and Consequences for the Decision and Appeal Previous Article Author: Paul Quinn, CWTE Limited  No liability decision […]

Opinion: CONTEMPT: The Friedkin Group’s treatment of Everton Football Club, its supporters, the community and the city of Liverpool

15th September 2026 Contempt: a feeling for someone or something regarded as unworthy of respect or approval : disdain. Much of the content I have written in recent times has been deliberately […]

The Analysis Series: LIV Golf Chapter 11 Bankruptcy filings

  September 12th 2026 Paul Quinn ·  CWTE Limited Previous LIV Article Income and expenditure, funding, the failed business model, governance failures, the distribution of loss, lessons for custodians and regulators of […]

The Analysis Series: Clearlake’s buy-out of Boehly & Walter: What the £5bn price means, what it changes at Chelsea FC, and what it does not

  Paul Quinn,  CWTE Limited Date: 11 September 2026 Transaction status: Reported as close to agreement; unsigned and unannounced by the club or Clearlake as at the date of this report Series […]

When willingness fails; the LIV Golf Chapter 11 and the systemic fragility of sport built on discretionary capital

  Paul Quinn, CWTE Limited 10 September 2026 Evidence base: Companies House and Jersey FSC filings, US bankruptcy reporting, Deloitte Annual Review of Football Finance (35th ed.), UEFA/Football Benchmark, Football Governance Act […]

Independent analytical report: Everton Football Club; Assessment of a prospective sale by the Friedkin Group

6th September 2026 Prepared by: Paul Quinn CWTE  Financial data current to the audited accounts for the year ended 30 June 2025, published 31 March 2026. Market and transaction data current to […]

Talking the Blues Podcast: Groundhog day; transfer window woes – why? Ownership change?

Welcome to this edition of Talking the Blues Podcast with George and Andy Costigan, in which we examine the final hours of this summer’s transfer window. We try to analyse what went […]

New issue of shares at Everton Football Club (on 13 August 2026) raising additional £14.175 million

By Paul Quinn on 3rd September 2026 On the 3rd September 2026, Everton Football club confirmed a new capital raise amounting to £14.175 million, with 81,000 new shares issued to the club’s majority shareholders […]

The Analysis Series: Systemic risk; football’s shadow credit market

3rd September 2026 – Paul Quinn CWTE Limited Inter-club transfer debt in English football before and after the summer 2026 transfer window The record £3.48 billion gross outlay by Premier League clubs […]

The Analysis Series: Everton’s 2026 summer transfer window

Everton’s summer 2026 window was, in financial terms, a controlled and internally coherent operation, but in sporting terms, a failure at the positions that mattered most. The club committed approximately £74m gross […]

Talking the Blues Podcast – Post Bournemouth, the Armstrong saga and what are the Friedkin’s plans?

Welcome to this week’s Talking the Blues Podcast with George and Andy Costigan. It’s been an eventful week at Everton and the three of us examine the events (and the reasons behind […]

New issue of shares at Everton Football Club (on 27th July 2026) raising additional £13.8 million

On the 26th August 2026, Everton Football club confirmed a new capital raise amounting to £13.8 million, with 79,000 new shares issued to the club’s majority shareholders Roundhouse Capital, at a price […]

Everton Football Club: Player trading strategy, summer 2026

31st August 2026 Summary Everton’s summer 2026 window is the first executed wholly inside the arithmetic of a cost-ratio regime rather than a profit-and-loss regime, and the activity is legible only in […]

The Analysis Series, Guggenheim and Chelsea FC Ultimate ownership, capital structure and credit exposure of Chelsea FC / BlueCo 22

  The Analysis Series Guggenheim and Chelsea FC Ultimate ownership, capital structure and credit exposure of Chelsea FC / BlueCo 22 Paul Quinn Aug 29, 2026 Research report, for analytical use 26 August […]

The Analysis Series: Credivalores v. GDA Luma Analysis of the SDNY adversary proceeding and its impact on the Botafogo SAF acquisition

  27 August 2026   Field Detail Written by Paul Quinn  Subject Adversary Proceeding No. 26-01063, In re Credivalores-Crediservicios S.A., No. 24-10837 (DSJ), US Bankruptcy Court, SDNY Secondary matter GDA Luma Capital […]

Talking the Blues Podcast – first game of the season, 3 points v Crystal Palace and more

Welcome to the first game of the 2026/27 season Talking the Blues Podcast with Andy and George Costigan. Rather like Moyes, we keep the same team and a familiar format. We hope […]

The Analysis Series: Private credit, governance and relevance to football financing

How Guggenheim’s cov-lite term loan fell 20 points in a session — the revenue recognition question, par fund marks, and the Mark Walter probe explained.