Date: 2 October 2026 Author: Paul Quinn, CWTE Limited Scope: 2026/27 Premier League membership; 2025/26–2027/28 broadcast cycle; latest filed audited accounts Summary Headline finding Central estimate: c.£528m a year, c.7.5% of projected […]
The Analysis Series: Premier League v Manchester City, Systemic risk assessment after the Independent Commission’s Core Decision
Sporting integrity • Compensation cascade • Regulatory framework • Financial contagion • Political response • UAE investment risk • Ownership governance • UEFA Position as at 1 October 2026 Prepared by Paul […]
The Analysis Series: Premier League v Manchester City, Potential civil claimants & hypothetical criminal exposure arising from the Independent Commission Core Decision
30th September 2026 Paul Quinn ; CWTE Limited Author Paul Quinn, The Esk / CWTE Limited Date 30 September 2026 Classification Analytical commentary . Not legal advice. Status of findings First-instance Section […]
Premier League v Manchester City Analysis of the Independent Commission’s Core Decision (Redacted) The Disguised Funding Scheme, the Fordham Arrangement, remuneration devices and non-cooperation: findings, quantification, and implications for the league, the Independent Football Regulator, clubs and counterparties
Paul Quinn CWTE Limited | theesk.org 29 September 2026 Primary source: “In the Matter of Premier League Section W Proceedings, The Football Association Premier League Limited and Manchester City Football Club Limited […]
The Analysis Series: Manchester City FC & City Football Group board relationship mapping: the Abu Dhabi State, its Sovereign investment vehicles, directors’ private interests and club sponsors
Author: Paul Quinn, CWTE Limited Research current to 29 September 2026 Entities in scope: Manchester City Football Club Limited (00040946); Manchester City Limited (02989498); City Football Group Limited (08355862) This report maps documented […]
The Analysis Series: Sheffield United Ownership, finance and regulatory exposure FY2020/21 – FY2024/25 and post-balance-sheet events to 25 September 2026
Author: Paul Quinn, CWTE Limited Date: 28 September 2026 Summary This article examines the ownership, financing and regulatory position of The Sheffield United Football Club Limited (company no. 00061564) and its […]
The Analysis series: Manchester City v The Premier League, the verdict, the leak and governance failure
What the 25 September 2026 press reports tell us, tested against my prior analysis, and how far the case evidences governance failure at League, club and Commission level Position as at: Friday […]
The Analysis Series: Manchester United plc annual report, financial year ended 30 June 2025
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: […]
The Analysis Series: FC Barcelona: The €510m financing package and the complete debt position
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 […]
The Analysis Series: Sovereign capital in professional sport
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 […]
The Analysis Series: The Florida default judgment (15th September 2026) and the ownership of Botafogo SAF
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 […]
The Analysis Series: Chelsea FC: Clearlake’s acquisition of the Boehly and Walter stakes; transaction terms, valuation, source of funds, settlement mechanics and a return model for the selling shareholders
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 […]
The Analysis Series: Manchester City v The Premier League
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 […]
The Analysis Series: LIV Golf Chapter 11 Bankruptcy filings
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 […]
The Analysis Series: Clearlake’s buy-out of Boehly & Walter: What the £5bn price means, what it changes at Chelsea FC, and what it does not
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 […]
When willingness fails; the LIV Golf Chapter 11 and the systemic fragility of sport built on discretionary capital
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 […]
Independent analytical report: Everton Football Club; Assessment of a prospective sale by the Friedkin Group
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 […]
The Analysis Series: Systemic risk; football’s shadow credit market
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 […]
The Analysis Series: Everton’s 2026 summer transfer window
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 […]
The Analysis Series, Guggenheim and Chelsea FC Ultimate ownership, capital structure and credit exposure of Chelsea FC / BlueCo 22
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 […]