Stewardship transition The financial reporting period ending June 30, 2025, reports on the most significant structural change in the history of Everton Football Club. Following a protracted period of fiscal instability, regulatory […]
The Analysis Series, Concluding the Eagle Football Analysis – RWDM Brussels
The emergence of multi-club ownership (MCO) has fundamentally re-calibrated the financial and operational parameters of professional football. At the heart of this was John Textor’s Eagle Football Holdings, a corporate structure designed […]
The Analysis Series, continuing the Eagle Football analysis – Botafogo
The formal acquisition of Botafogo SAF occurred in the wake of a desperate need for capital. In December 2021, the club reached an agreement in principle to sell 90% of its shares […]
The Analysis Series: Financial evolution of Eagle Football Group: Analysis of EBITDA and operational performance (2021–2026)
Football is a high risk business. Financial performance is determined by success on the pitch, the security of media rights deals, player acquisition and disposal, the cost and form of capital […]
The Analysis Series: Analysis of Ares Capital Corporation and Eagle Football Holdings Bidco Limited debt architecture
With the appointment of administrators, Cork Gully, in London’s High Court on Friday 27th March 2026, a detailed analysis shows Ares (the lender and security agent) rights and what happens to the […]
The Analysis Series: Navigating multi-club ownership under UEFA Article 5 – the Friedkins, Everton & AS Roma
As of early 2026, approximately 380 clubs worldwide are integrated into MCO frameworks, with nearly 42% of clubs in Europe’s five largest leagues, the Premier League, La Liga, Serie A, Bundesliga, and […]
Talking the Blues podcast; Everton 3 Chelsea 0
Welcome to this week’s Talking the Blues podcast, with George performing brilliantly on stage in Waiting for Godot (go and see it if you can) Andy joins me in a joyous chat […]
The Analysis Series: Analysis of the Eagle Football Holdings legal and creditor landscape
The operations and finances of Eagle Football Holdings (EFH), the multi-club operation majority owned by American entrepreneur John Textor, continues to experience a period of systemic volatility. This instability is evidenced by […]
The Analysis Series: Analysis of the Chelsea FC sanction agreement and the rise of statutory oversight
The ratification of the Sanction Agreement between the Premier League and Chelsea Football Club in March 2026 presents the most complete, extensive forensic investigation into club finances to date, since the inception […]
The Analysis Series: Statutory oversight of English football. An analysis of the Independent Football Regulator licensing proposals
The landscape of English professional football is poised for its most radical structural realignment since the formation of the Premier League in 1992. The enactment of the Football Governance Act 2025 […]