Burnley FC Holdings Limited 2024/25 For the year ended 31 July 2025 Prepared on the basis of the audited statutory accounts (Companies House registration 08335231), together with publicly available reporting on ALK […]
Research: Clearlake Capital’s investment and lending exposure to Chelsea Football Club (BlueCo 22 Limited / 22 Holdco Limited Group): May 2022 – May 2026
Clearlake Chelsea Exposure Research 6 May 2026 Prepared as of 6 May 2026. Currency: figures cited in £ unless stated. Where SEC schedules report in USD, the original disclosure is preserved. Clearlake […]
Analysis Series: The Football Association Premier League Limited, Annual report and financial statements for the year ended 31 July 2025
The Football Association Premier League Annual accounts 2024/25 The Premier League is not a normal trading company. It is a near-pure pass-through vehicle: a single‑purpose monopoly licensor of broadcasting and commercial rights […]
The Analysis Series: NSWE UK Limited (Aston Villa) Accounts, year ended 30 June 2025
NSWE UK Annual Accounts 20242/5 Overview The Group reports a pre-tax loss of £96.7 million (FY24: 13-month loss of £85.2 million) and a post-tax loss of £96.8 million. Yet the parent statement […]
The Analysis Series: Chelsea, Clearlake, COP III – is the funding debt or equity? Unsurprisingly, there’s no clear answer
The complex funding arrangements of Chelsea Football Club (and to be fair, they’re not alone in having complex funding arrangements), there’s an increasingly public discussion as to how much is funded by […]
The Analysis Series: West Ham United relegation scenario analysis
The FY25 accounts already describe a club operating well outside its means even before any relegation shock is applied. Turnover collapsed from £268.2m to £226.1m on the back of the drop from […]
Talking the Blues podcast – Pre City, post West Ham…..
Welcome to this edition of Talking the Blues Podcast. George, Andy and myself eventually get back together to discuss in a totally unstructured way, Everton’s recent performances. The usual combination of insight, […]
Tottenham Hotspur relegation scenario analysis, financial and capital structure impact
Prepared: 3rd May 2026 Base accounts: Year ended 30 June 2025 Context: As at the date of this report, THFC sit 18th in the Premier League albeit with a game in hand […]
The Analysis Series: A deeper look at Chelsea’s ownership, BlueCo 22 Limited & 22 Holdco Limited (Year Ended 30 June 2025)
Following on from my initial analysis of the Chelsea ownership, I thought a further look at the two companies, Blueco 22 Limited and its parent company 22 Holdco Limited would be […]
The Analysis Series: Analysis of Everton Stadium Development Limited accounts, year ended 30 June 2025
Everton Stadium Development Limited Accounts 2024/25 Everton Stadium Development Limited (ESDL) is not a trading business in any meaningful sense; it is a special-purpose subsidiary whose entire reason for existing has been […]