Latest news with #KieranMaguire
BBC News
19 hours ago
- Business
- BBC News
Could Everton sell their women's team to help with PSR?
Football finance expert Kieran Maguire, speaking to BBC Radio Merseyside about whether Everton could sell their women's team to help with PSR rules: "There has been a new company which has been formed."Everton Football Club Women Limited has been in existence for over a decade, but it looks as if the new owners have set up a company which is linked to the women's team."Could it be that the current owners of Everton Football Club Women, which is Everton Football Club itself, could sell Everton FC Women to this new company which has been set up?"You might say: 'Hold on, well surely that's just transferring things from the left hand to the right hand and overall we're no better off or there's no change?' But in the world of accounting it's very different."It could be this is being done for strategic, planning or tax reasons - or lots of other things."On the basis that Chelsea's women's team was sold for 20 times the amount of revenue it generated, if you take a look at the most recent accounts for Everton's women's team, that means you could probably sell that football club for somewhere in the region of £60-65m and if that was the case that would be pure profit - which goes into your PSR budget and would enhance the ability of Everton to compete in the transfer market."Listen to the full interview on BBC Sounds
Yahoo
20-06-2025
- Business
- Yahoo
Seadogs lay out plans to tackle financial losses
The club expect to return to their home stadium by August 2026 [BBC] Scarborough Athletic face a projected loss of about £150,000 for the upcoming season, the club has revealed. The shortfall is as a result of being forced to play home games in Bridlington, after works to repair damage to their pitch and ground meant it would be out of action for about a year. Advertisement In a statement, the Seadogs' board said unknowns meant working out future revenues was "extremely difficult". The National League North side's Sports Village home has been hit by "serious structural problems" but an expected repair bill of up to £3.2m would be covered by the council if talks with the original contractor failed. The fan-owned club said it feared that attendances, which had increased from about 400 to 1400 over the last three seasons, would be affected by the forced move to Bridlington Town's Mounting Systems Stadium. The loss of ticket revenue would also be aggravated by the loss of catering and hospitality income, which Bridlington Town would receive under the groundshare agreement. Advertisement The club, which football finance expert Kieran Maguire said generated an annual profit of about £80,000 last year, had created a fundraiser which has so far generated approximately £60k in expected funds. This plus other donations had slashed the shortfall from an initial £250,000, the club said. Mr Maguire said the loss of revenue under the groundshare was a "possible cause of concern" but added: "The club will need to maximise the revenue from every single item available". Patches became more visible on Scarborough's pitch throughout the 2024-25 season. [BBC] Scarborough chairman Trevor Bull said the club was working on options to provide transport to games in Bridlington. Advertisement He confirmed the club was communicating with Network Rail and coach firm East Yorkshire Motor Services over a deal to supply discounted travel. Mr Bull said if they could get more than 1,000 fans to games down the coast that would "help reduce the deficit further". North Yorkshire Council and the original contractors remain in dialogue over when the work to repair the Scarborough Sports Village will begin. There is currently no start date. Listen to highlights from North Yorkshire on BBC Sounds, catch up with the latest episode of Look North. More on this story Related internet links
BBC News
20-06-2025
- Business
- BBC News
Scarborough Athletic lay out plans to tackle financial losses
Scarborough Athletic face a projected loss of about £150,000 for the upcoming season, the club has shortfall is as a result of being forced to play home games in Bridlington, after works to repair damage to their pitch and ground meant it would be out of action for about a a statement, the Seadogs' board said unknowns meant working out future revenues was "extremely difficult".The National League North side's Sports Village home has been hit by "serious structural problems" but an expected repair bill of up to £3.2m would be covered by the council if talks with the original contractor failed. The fan-owned club said it feared that attendances, which had increased from about 400 to 1400 over the last three seasons, would be affected by the forced move to Bridlington Town's Mounting Systems loss of ticket revenue would also be aggravated by the loss of catering and hospitality income, which Bridlington Town would receive under the groundshare club, which football finance expert Kieran Maguire said generated an annual profit of about £80,000 last year, had created a fundraiser which has so far generated approximately £60k in expected plus other donations had slashed the shortfall from an initial £250,000, the club Maguire said the loss of revenue under the groundshare was a "possible cause of concern" but added: "The club will need to maximise the revenue from every single item available". Scarborough chairman Trevor Bull said the club was working on options to provide transport to games in confirmed the club was communicating with Network Rail and coach firm East Yorkshire Motor Services over a deal to supply discounted travel. Mr Bull said if they could get more than 1,000 fans to games down the coast that would "help reduce the deficit further".North Yorkshire Council and the original contractors remain in dialogue over when the work to repair the Scarborough Sports Village will is currently no start date. Listen to highlights from North Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Bloomberg
12-06-2025
- Business
- Bloomberg
The Price of Football w/Kieran Maguire: Macro Matters
This week we're talking the economics and finances of the world's game with professor, author, and podcaster Kieran Maguire of Liverpool University. We apologize in advance for those who thought this show was about gridiron football, but with the Club World Cup beginning June 14, we thought it would be interesting to discuss football/soccer finance and some economic implications of the 2026 World Cup in North America. Professor Maguire joins Macro Matters hosts Ira Jersey, Bloomberg Intelligence chief US rates strategist, and Business of Sports co-host and EM Lens host Damian Sassower, chief emerging market fixed income strategist. The group discusses football club valuations, the economic benefits (or pitfalls) of hosting the World Cup, and how clubs used debt to finance player transfers and club operations.
BBC News
10-06-2025
- Business
- BBC News
'The longer they take, the less likely Mbeumo deal is to happen'
BBC Radio Manchester's Joe McGrath says the time taken over the prospective signing of Bryan Mbeumo from Brentford is "fair enough" as long as boss Ruben Amorim enters pre-season "with a squad he is happy with".United have been in talks with the Bees over the 25-year-old's signature since last week but, despite an opening bid, no agreement has been reached yet."I think that Brentford want as much out of us as possible so we're in a stand-off with them," McGrath told The Devils' Advocate podcast."A couple of bids have been rejected according to media outlets. It's a negotiation process and if Manchester United can save a few million here or there - we know what the board are like."They're going to take their time but I'm more worried that the longer they take, the less likely the deal is to happen."We don't think too much about the business - we want the player in asap and so does Ruben Amorim. The business side of things means they will wait, go back and forth, haggle, and maybe look at splitting the cost over years. They will do anything to save a few pennies."United have already confirmed the signing of Matheus Cunha from Wolves for £62.5m and football finance expert Kieran Maguire estimated the club will still be well within their profit and sustainability regulations even if they have an outlay of £150m on new signings."The only thing that really matters is whether Amorim goes on pre-season with a squad that he is happy with," McGrath."That means he has four or five weeks until that is the case."Whatever is going on behind the scenes, if you're going to save a few million - fair enough. Just get it done for when Amorim needs his full squad back."Listen to the full episode on BBC Sounds
