Paul Quinn| CWTE Limited | 24 September 2026 Primary source: Manchester United plc, Form 20-F for the year ended 30 June 2025 (filed 18 September 2025), including audited consolidated financial statements (auditor: […]
Terms of the €210m Senior Secured Media Notes and the €300m Espai Barça extension, with a granular reconstruction of the club’s debt stack at 30 June 2026 and pro forma Item […]
Prepared by Paul Quinn CWTE Limited Summary Sovereign capital has become one of the three structural forces in professional sport, alongside North American private equity and multi-club ownership. It is, however, routinely […]
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 […]
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’ […]
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 […]
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 […]
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 […]
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 […]