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 – […]
Structural fragility and regulatory arbitrage in US reinsurance and private credit – its relevance to football
When the possibility of 777 Partners’ acquisition of Everton was first mooted, the subsequent investigations, here, and continuing with Josimar and the likes of Paul Brown, opened up a world in which […]
Shifting tides of private capital: Analysis of the US Private Credit market and its influence on Global Sports
The global financial system is currently navigating a period of (at best) structural realignment, following the meteoric rise of private credit as a primary source of corporate and specialised finance. Historically a […]
Analysis of the 2025 CAS Football Annual Report and the statutory transformation of English football governance
The global football system in 2025 and early 2026 is undergoing a significant structural change, shifting from a century-long tradition of private, autonomous self-regulation toward a hybrid model of statutory oversight […]
Matthew Benham: An Analysis of Matthew Benham’s statistical gambling operations and football governance
As the majority owner of Brentford Football Club and the founder of the statistical research firm Smartodds, Benham has pioneered an analytical framework that prioritises mathematical probability over traditional subjective scouting and […]
Anthony Grant Bloom: Analysis of Starlizard, the Brighton Model, and the legal challenges to professional gambling integrity
As part of the Analysis Series, I’m going to start looking at club owners. First up “Tony Bloom” Anthony Grant Bloom MBE, started as a mathematics student at the University of Manchester […]
Analysis Series: Eagle Football Group – Olympique Lyonnais (2024-2025)
Eagle Football Group (formerly known as OL Groupe) is a French holding company that owns and manages Olympique Lyonnais. French translation (here) Le Document d’Enregistrement Universel (French) This analysis examines the consolidated […]
Série d’analyses : Eagle Football Group – Olympique Lyonnais (2024-2025) – traduction française
Eagle Football Group (anciennement connu sous le nom d’OL Groupe) est une société holding française qui possède et gère l’Olympique Lyonnais. Le Document d’Enregistrement Universel Cette analyse examine les comptes consolidés au […]
The Analysis Series: Continued analysis of the Eagle Football Holdings collapse, updated with the Botafogo-Olympique Lyonnais litigation
What began as an ambitious attempt by American businessman John Textor to combine the talent-rich Brazilian football market with the commercial infrastructure of European leagues has culminated in a series of high-stakes […]
The Analysis Series: Eagle Football Holdings insolvency will satisfy none of the constituent clubs, nor their fans – particularly Botafogo
Analysis of Eagle Football Holdings insolvency: Debt, inter-company receivables, and the status of Botafogo SAF claims As of April 2, 2026, the governance and structural integrity of the conglomerate has evolved from […]
The Analysis Series: Financial reconstruction: Analysis of Everton Football Club’s 2024/25 Annual Report and Accounts
Stewardship transition The financial reporting period ending June 30, 2025, reports on the most significant structural change in the history of Everton Football Club. Following a protracted period of fiscal instability, regulatory […]