Welcome to the Analysis Series, a series of in depth research about various aspects of the finances of modern football. The series contains detailed reports looking at many aspects of how football is financed, what the key drivers are and the potential regulatory challenges arising from (for example) state ownership, multi-club ownership and the increasing use of non traditional sources of capital.

Please click the links below. If any further information that is required, I can be contacted at paul@theesk.org

Please note that permission is granted to reproduce (with an appropriate acknowledgement) for personal and educational use only. Commercial copying is prohibited without the author’s express permission.

July 3rd 2026

The Analysis Series: Joshua Wander & 777 Partners, the consolidated Court record, the US$20 million personal diversion allegations – updated

July 2nd 2026

The Analysis Series: UEFA financial sustainability regulations, club sanctions, settlements & monitoring 2026/27 season

July 1st 2026

The Analysis Series: A recap on the status of Josh Wander, 777 Partners et al

July 1st 2026

The Analysis Series: Everton’s new shirt front sponsors & main partners: CMC Markets PLC

July 1st 2026

The Analysis Series: Bridge Football Group’s acquisition of Grasshopper Club Zürich

June 29th 2026

The Analysis Series: Olympique Lyonnais, Two Ownership Transactions: the 2022 Eagle Football / John Textor acquisition and the 2026 Michele Kang / Olympe Bidco acquisition

En français: La série analyse: Olympique Lyonnais, Two Ownership Transactions: the 2022 Eagle Football / John Textor acquisition and the 2026 Michele Kang / Olympe Bidco acquisition

June 27th 2026

Michele Kang’s press conference on completion of Olympique Lyonnais acquisition (26th June 2026)

June 26th 2026

The Analysis Series: Why English football stands alone in allowing rival-v-rival compensation claims for financial and sporting wrongdoing

June 24th 2026

The Analysis Series: Ares – Eagle Football Bidco, debt notes inventory & Jersey listing 

June 24th 2026

The Analysis Series: The statutory duties of the Independent Football Regulator to protect the game of professional football

The Analysis Series: Analysis of the 23 June 2026 Eagle Football Group Press Release – sale of Olympique Lyonnais, impact on Ares & Botafogo

June 21st 2026

The Analysis Series: Continuing to analyse the Burnley case (PLJP 2023/3) and the possible implications (II)

The Analysis Series: Continuing to analyse the Burnley case and the possible implications

June 19th 2026

The Analysis Series: Assessment of Florida filing: Textor v. Eagle Football Holdings Bidco Limited, Lins and Montenegro (Case No. 50-2026-CA-006258-XXXA-MB, 15th Judicial Circuit, Palm Beach County)

June 16th 2026

The Analysis Series: Manchester United PLC: debt structure, INEOS investment, refinancing & full financial review

June 15th 2026

The Analysis Series: Systemic risk assessment, Premier League PSR compensation litigation, Burnley FC v Everton FC (PLJP 2023/3)

The Analysis Series: Grounds for appeal, Burnley FC v Everton FC, PLJP 2023/3 

The Analysis Series: Diarra Case

Eagle Football and related posts

The Analysis Series: Chelsea’s finances

The Analysis Series: The Financial Cost of Relegation: Tottenham Hotspur & West Ham United

The Analysis Series: Premier League club brand value analysis

The Analysis Series: The new (and existing) Squad Cost Ratio, and Sustainability and Systemic Resilience rules (Part II)

The Analysis Series: The new (and existing) Squad Cost Ratio, and Sustainability and Systemic Resilience rules

The Analysis Series: Wrexham AFC Limited, Annual Report and Financial Statements year ended 30 June 2025

The Analysis Series: MSCI State of Private Markets report 2026, potential risks to English Football Clubs

The Analysis Series: Financial Analysis of Brentford Football Club: Consolidation, Capital Restructuring, and the 2024/25 Fiscal Cycle

The Analysis Series: AFC Bournemouth Limited, Annual Report and Financial Statements for the Year Ended 30 June 2025

The Analysis Series: Rangers International Football Club Ltd, Annual Report and Financial Statements, year ended 30 June 2025

The Analysis Series: The FIFA Regulations on the Status and Transfer of Players after the CJEU Ruling on Diarra

The Analysis Series, Wolverhampton Wanderers Annual report and accounts 2024/25

The Analysis Series: Burnley FC Holdings Limited annual report and financial statements 2024/25

Research: Clearlake Capital’s investment and lending exposure to Chelsea Football Club (BlueCo 22 Limited / 22 Holdco Limited Group): May 2022 – May 2026

Analysis Series: The Football Association Premier League Limited, Annual report and financial statements for the year ended 31 July 2025

The Analysis Series: NSWE UK Limited (Aston Villa) Accounts, year ended 30 June 2025

The Analysis Series: Chelsea, Clearlake, COP III – is the funding debt or equity? Unsurprisingly, there’s no clear answer

The Analysis Series: West Ham United relegation scenario analysis

Tottenham Hotspur relegation scenario analysis, financial and capital structure impact

The Analysis Series: A deeper look at Chelsea’s ownership, BlueCo 22 Limited & 22 Holdco Limited (Year Ended 30 June 2025)

The Analysis Series: Analysis of Everton Stadium Development Limited accounts, year ended 30 June 2025

The Analysis Series: Manchester City v The Premier League: The “115 Charges” case

The Analysis Series: Analysis of the London Stadium legal disputes (2013-2026) – follow on to the West Ham United analysis

The Analysis Series:  Crystal Palace Football Club: Fiscal year 2024/25 and outlook

The Analysis Series: Strategic and Financial Analysis of Arsenal Holdings Limited (2025) and the Kroenke Sports & Entertainment Empire

The Analysis Series: Leicester City’s fall from grace

Analysis Series: Analysis of the financial & operational framework of Nottingham Forest Football Club Limited (2024-2026)

The Analysis Series: Apollo Global Management’s exposure to European football & private credit financing

The Analysis Series: Analysis of Tottenham Hotspur Football & Athletic Co. Ltd and Tottenham Hotspur Limited: Strategic Review of the 2024-25 Fiscal Period

The Analysis Series: Financial and systemic analysis of Manchester United plc (2024/25):

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

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

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

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

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

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

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

Matthew Benham: An Analysis of Matthew Benham’s statistical gambling operations and football governance

Anthony Grant Bloom: Analysis of Starlizard, the Brighton Model, and the legal challenges to professional gambling integrity

The Analysis Series: Financial reconstruction: Analysis of Everton Football Club’s 2024/25 Annual Report and Accounts

The Analysis Series: Financial evolution of Eagle Football Group: Analysis of EBITDA and operational performance (2021–2026)

The Analysis Series: Analysis of Ares Capital Corporation and Eagle Football Holdings Bidco Limited debt architecture

The Analysis Series: Navigating multi-club ownership under UEFA Article 5 – the Friedkins, Everton & AS Roma

The Analysis Series: Analysis of the Chelsea FC sanction agreement and the rise of statutory oversight

The Analysis Series: Statutory oversight of English football. An analysis of the Independent Football Regulator licensing proposals

The Analysis Series: The new “squad cost ratio” rules for the Premier League

The Analysis Series: The Glazer business empire

The Analysis Series: The Friedkin Group

The Analysis Series: Financial analysis and balance sheet assessment of EFL Championship clubs: 2025-26 Season

The Analysis Series:Post Diarra (part II), further analysis of the football transfer system (Jan 2025 – present day)

The Analysis Series – Diarra Judgment Case C-650/22 (Part I)

The Analysis Series: The Independent Football Regulator’s Owners, Directors & Senior Executives regime (ODSE)

The Analysis Series: Analysis of dividend regulation in English professional football, rule 34, and capital distributions

The Analysis Series: Analysis of financial regulation in European professional football

The Analysis Series: Value extraction in the global sports economy: 

The Analysis Series: The erosion of the traditional football calendar: Commercial cynicism and broadcast imperatives in the Premier League 2025–2029 cycle

The Analysis Series: Broadcast rights, solidarity mechanisms, and financial redistribution in the English Football League

The Analysis Series: Systemic Risk in the European Football Economy: A comparative analysis with the 2008 banking crisis and frameworks for prudential mitigation

The Analysis Series: Analysis of the 2025 IOPC Hillsborough Report

The Analysis Series: Analysis of the Premier League’s New Financial Regulations:  Squad Cost Ratio (SCR) and Sustainability and Systemic Resilience (SSR) Rules

Analysis Series: Governance Structure of Association Football: Integrity, Financial Regulation, and Strategic Failure

The Analysis Series: An Analysis of Rights and Media Funding Limited (R&MF)

The Analysis Series: The role of US banks in financing Premier League clubs

The Analysis Series: Analysis of BDT & MSD Partners: Corporate Restructuring, Global Credit Platform, and Football Financing 

The Analysis Series: Ares Management Corporation: Credit, Capital Structure, and the Football Investment 

The Analysis Series: Financial and operational risk analysis of Eagle Football Holdings Limited

The Analysis Series: A Comparative Analysis of Financial and Governance Regulation Across Major European Football Leagues

The Analysis Series: The Penetration of US Private Credit in English Premier League Financing: Exposure, Structure, and Systemic Risk

The Analysis Series: The Looming Difficulties in US Private Credit

Analysis Series: Federal Criminal and Regulatory Charges Against Joshua Wander & others in the New York Courts

Analysis of the Burnley FC vs. Everton FC PSR Compensation Claim

The Analysis Series: Premier League & European Football Ticketing & Fan Accessibility 

The Analysis Series: The Premier League Summer 2025 Transfer Window

The Analysis Series. Premier League agent payments: £1.9 billion (2019-20250

The Analysis Series: Cash is King; Cash Flow in the English Premier League (2010-2025)

Analysis Series: What impact does moving to a new stadium have on home performance? The answer is surprising

The Analysis Series: The English and Major European Football Broadcast Rights Market

The Analysis Series:  Yo-yos and Parachutes; Premier League Relegation, Subsequent Performance, and Financial Impact (2010-2024)

The Analysis Series: Premier League Academy Productivity and Profitability (2015-2025)

The Analysis Series: Women’s Super League

The Analysis Series: The Independent Football Regulator

Everton’s stadium development in the context of 30 plus years stadium development across Europe

The Analysis Series: An Analysis of Lenders, Debt, and Influence in English and European Football

The Analysis Series: The £4 Billion Paycheck: An Analysis of Wage Cost Growth and Financial Sustainability in the Premier League (2010-2024)

The Analysis Series: Premier League Clubs’ Earnings from UEFA European Football Competitions (2010-Present)

The Analysis Series – the growth of transfer debt among clubs and the associated systematic risk

The Analysis Series: An Analysis of Premier League Profit and Loss Accounts (2010-2023) & regulatory challenges

Analysis of Capital Inflows into Premier League Football Clubs (2010-2025)

Multi-Club Ownership in Premier League Football: A Detailed Analysis of Structures, Control, and Strategic Implications

Premier League Club Governance: A Comprehensive Analysis of Board Composition and Director Profiles – Part I

Premier League Club Governance: A Comprehensive Analysis of Board Composition and Director Profiles – Part II

Premier League 2023/24: A Financial Overview (most recently available figures)