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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 Paul Quinn Aug 29, 2026 Research report, for analytical use 26 August […]
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 […]
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 […]
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.
Risk assessment of covenant structures, comparable breach precedents (including Eagle Football Holdings), and the probability of technical default across the 22 Holdco / BlueCo 22 capital structure Prepared by: Paul Quinn, CWTE […]
Valuing Chelsea FC in 2026 Enterprise value, equity value, and realism Date: 18 August 2026 Series context: Companion to the Chelsea/BlueCo debt-structure analyses (2 May & 23 July 2026), the Walter related-parties […]
Mark Walter & Todd Boehly; Ownership, business empires, and the Federal probe reshaping Chelsea’s shareholder register Captive insurance, affiliated reinsurance and related-party private credit: regulatory pressure on the Chelsea FC ownership […]
14th August 2026 TL;DR Saudi Arabia has deployed an estimated $51 billion into sports properties since 2016 (a figure tied to PIF’s c.$925bn AUM and $36.8bn 2023 profit, cited by the ESCP […]
13th August 2026 Duties of care in adjudication: Judges, Premier League independent commissions, and the systemic-risk governance gap The immediate context is the Burnley FC v Everton FC compensation decision (PLJP 2023/3, […]