Eagle Football Group first half financial year 2025/26 results On the operational side, the new management under Michele Kang has delivered a remarkable turnaround in six months: EBITDA has moved from c.- […]
Paul Quinn
The Analysis Series: Financial Analysis of Brentford Football Club: Consolidation, Capital Restructuring, and the 2024/25 Fiscal Cycle
Brentford Annual Report and Accounts 2024/25 The 2024/25 financial year was the most significant period of structural and fiscal transformation of Brentford Football Club since the acquisition of control by Matthew Benham […]
The Analysis Series: AFC Bournemouth Limited, Annual Report and Financial Statements for the Year Ended 30 June 2025
AFC Bournemouth Limited Annual Report & Accounts 2024/25 The 2024/25 financial year is the most consequential single year in the modern accounting history of AFC Bournemouth. It marks three simultaneous regime changes: […]
The Analysis Series: Rangers International Football Club Ltd, Annual Report and Financial Statements, year ended 30 June 2025
Rangers International Football Club Ltd, Annual Report and Financial Statements, year ended 30 June 2025 Rangers Football Club is a professional football club in Glasgow, Scotland. The team competes in the Scottish […]
The Analysis Series: The FIFA Regulations on the Status and Transfer of Players after the CJEU Ruling on Diarra
Analysis of the presentation by Erika Montemor Ferreira, FIFA Head of Disputes & Regulatory Applications FIFA Football Law Annual Review 2026, 19–20 February 2026, Budapest, Hungary On 4 October 2024 the […]
The Analysis Series, Wolverhampton Wanderers Annual report and accounts 2024/25
Wolverhampton Wanderers Football Club Annual Report & Accounts Wolverhampton Wanderers Football Club (1986) Limited This financial analysis examines the annual report and financial statements of Wolverhampton Wanderers Football Club (1986) Limited for […]
The Analysis Series: Burnley FC Holdings Limited annual report and financial statements 2024/25
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 […]
The Analysis Series, a detailed look at the accounts of Eagle Football Group SA (EFG), formerly OL Groupe SA, the Euronext Paris-listed parent company of Olympique Lyonnais
Eagle Football Group Universal Registration Document-2024-2025 This is Eagle Football Group’s Universal Registration Document (referred to as URD or document in this report) for the fiscal year ended 30 June 2025, filed […]
The Analysis Series: Manchester City v The Premier League: The “115 Charges” case
The case: In February 2023, after a four-year investigation triggered by Der Spiegel’s November 2018 Football Leaks publications, the Premier League formally referred Manchester City to an independent commission alleging breaches of […]
Systemic collapse of Eagle Football Holdings must bring highly leveraged multi-club operations to a swift end
Eagle Football Holdings was initially marketed to global investors and regulatory bodies as a synergistic, highly integrated multi-club ownership (MCO) model, encompassing Olympique Lyonnais in France, Botafogo de Futebol e Regatas in […]
The Analysis Series: Analysis of the London Stadium legal disputes (2013-2026) – follow on to the West Ham United analysis
Following on from the analysis of West Ham United’s full year accounts for 2024/25, it’s worth looking at the legal disputes over more than a dozen years related to the London […]