The Analysis Series: Financial architecture of 22 Holdco Limited: Analysis of Ares Management’s credit exposure, warrants, and embedded derivative structures within the Blueco consortium

For anyone wanting an understanding of how Chelsea are funded and how Ares operate this is a must read: Summary and macro-financial context The global sports finance landscape has undergone a profound […]

The Analysis Series: Liverpool Football Club and Athletic Grounds Limited: Re-capitalisation, Operational Resilience, and Systemic Risk Assessment (Fiscal Year 2025)

Liverpool FC Financial Accounts 2024/25 The financial statements of The Liverpool Football Club and Athletic Grounds Limited for the period ending 31 May 2025 show a Premier League institution transitioning from an […]

The Analysis Series: Aston Villa –  Analysis of NSWE Sports Limited: Capital management, subsidiary disposals, and a path to fiscal sustainability? (2024/25)

NSWE Sports Capital Accounts 2024/25 The financial performance of NSWE Sports Limited for the fiscal year ending 30 June 2025 is a further study in the intersection of elite sporting ambition and […]

The Analysis Series: Financial analysis of Manchester City Football Club: Fiscal Year 2024-25 and Post-Balance Sheet developments through April 2026

 Manchester City Annual-Report-2024-25 The 2024-25 financial year represents a transformative year for Manchester City Football Club (MCFC). For the first time in nearly a decade, the club encountered a convergence of on-pitch […]

The Analysis Series: Analysis of Newcastle United Limited financial results (2024-2025)

  Newcastle_United_Limited 2025, Statutory_Financial_Statements Following the 2021 acquisition by a consortium led by the Public Investment Fund (PIF) of Saudi Arabia, Newcastle United have navigated a complex equilibrium between aggressive squad investment […]

Analysis of the financial restructuring and institutional recapitalisation of Everton Football Club and Roundhouse Capital Holdings Limited

Roundhouse Capital Accounts 2024/25 Executive Summary and institutional context The financial reporting period ending June 30, 2025, presents a total institutional reset for Everton Football Club. Following nearly a decade of fiscal […]

Final analysis of the financial reconstruction and stewardship transition of Everton Football Club and Everton Stadium Development Limited for the 2024/25 Fiscal Period

With the publication of the Everton Stadium Development Company Accounts 2024/25, it is possible to complete the analysis of the fiscal year ending 30 June 2025. Everton Stadium Development Company Accounts 202425 […]

The Analysis Series: The extra-ordinary £700 million loss by Chelsea’s parent company

 Analysis of the financial performance and capital structure of 22 Holdco Limited: 2024-25 fiscal review 22 Holdco 2024/25 accounts The consolidated financial statements of 22 Holdco Limited for the fiscal year ended […]

The Analysis Series: Financial and structural analysis of Chelsea Football Club Limited: 2024/25 Annual Report and recapitalisation

  Chelsea fc accounts 2024/25 The financial performance and structural evolution of Chelsea Football Club Limited during the fiscal year ending 30 June 2025 is an unprecedented and extreme case study of […]

Talking the Blues Podcast – we are back, as are Everton – the latest from Brentford and elsewhere

Welcome back to Talking the Blues with George and Andy Costigan. We catch up on all that’s happened in recent weeks, and of course the match between two possible European contenders – […]