The price of football : understanding football club finance / / Kieran Maguire ; foreword by Kevin Day

• Autore: Maguire Kieran
• Pubblicazione: Newcastle upon Tyne : , : Agenda Publishing, , [2021]; ©2021
• Edizione: Second edition.
• Descrizione fisica: 1 online resource (242 pages)
• Disciplina: 796.334
• Soggetto topico: Soccer - Economic aspects; Soccer teams
• Persona (resp. second.): DayKevin
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Intro -- Half Title -- Title Page -- Copyright Page -- Contents -- Acknowledgements -- Foreword -- 1 Introduction -- Part I Football club financial reports -- 2 The balance sheet -- What is an asset? -- Types of asset -- Non-current vs current assets -- Tangible assets vs intangible assets -- Liabilities and equity -- What is a liability? -- Types of liability -- Non-current vs current liabilities -- Financing vs operating liabilities -- What is equity? -- Recording transactions in the club balance sheet -- 3 The profit or loss account -- Income -- Costs/expenses -- Finance/interest -- Pre- and post-tax profit -- 4 The cash flow statement -- Cash from operations -- Cash flows from investing activities -- Cash from financing activities -- How to create a cash flow statement -- Part II The price of football -- 5 Players (and agents) -- How does a club value a player? -- Supply and demand -- Available financial resources -- Contract length -- Release clause -- How to show football player transactions in the accounts -- Transfer fees -- Amortisation -- Contract extensions -- Impairments -- Player sales -- Case study 1: Ousmane Dembele -- Case study 2: Andy Carroll -- How to calculate the sales price of players sold? -- Case study 1: Juventus -- Conditional/add-on fees -- Paying by instalments -- Signing-on fees -- Football player wages -- Agents -- 6 Ticket prices -- 1966 and all that -- Rising living standards -- Football is an addiction -- The rise of the football tourist -- All seater stadia -- Player costs -- 7 Broadcasting and sponsorship income -- Why do broadcasters like football so much? -- Why does the football industry like live broadcasting so much? -- How is the money shared? -- What of the future for broadcast rights? -- 8 Financial fair play -- UEFA rules -- Premier League rules -- Short-term cost controls. ; Profitability and sustainability rules -- English Football League (EFL) rules -- Championship -- Leagues One and Two -- Part III Football club financial analysis -- 9 How to analyse club accounts 1: trend analysis -- Case study: Manchester United Plc year ended 30 June 2019 -- Historic comparisons -- Matchday income -- Broadcast income -- Commercial income -- Competitor comparisons -- Costs -- Wages -- Player transfer amortisation -- Gains on player disposals -- Profits: operating, EBIT and EBITDA -- Analysing the balance sheet -- Net debt -- Receivables and payables -- Football net debt -- 10 How to analyse club accounts 2: ratio analysis -- Performance ratios -- Cost control ratios -- Matchday income to wages -- Income per fan -- Interest cover -- Effective tax rate -- Balance sheet ratios based on player trading -- Player signings to income -- Player reinvestment rate -- Squad ageing -- Transfers owing percentage -- Financial gearing (leverage) -- Conclusion -- 11 Valuing a football club -- Balance sheet value -- Stock market values -- Comparative sales values -- Comparative profit or loss account multiples -- Discounted cash flow model -- Step 1: Calculate the free cash flow (FCF) -- Step 2: Calculate the weighted average cost of capital (WACC) -- Step 3: Calculate the terminal value (TV) -- Step 4: Calculate the total value -- The Markham Multivariate Model -- (Revenue + net assets) -- (Net profit + revenue)/revenue -- Stadium capacity percentage -- Wage ratio percentage -- The MMM calculation -- Summary of values -- 12 Ownership models: love, profit, vanity and insanity -- The local fan made good -- The butterflies -- The trophy asset -- The flipper -- Fan owned/member clubs -- 13 Red Flags - things that make you go "hmmm": creative accounting and football finance -- Better late than never -- Controlling the narrative -- Abbreviated accounts. ; Complicated club structures -- The devil is in the detail: footnote disclosures -- Case study: Derby County -- 14 Football finance in a post-Covid-19 world and Project Big Picture -- Twenty-five per cent distribution of collective broadcast revenues to EFL clubs -- Reduction in the size of the Premier League and abolition of the Carabao Cup -- Parachute payments -- Voting rights -- Glossary of accountancy terms -- Further reading -- Index.
• Sommario/riassunto: This revised and updated second edition of the bestselling guide to understanding football club finance includes analysis of the most recent club accounts, as well as the impact of Covid-19 on the game's finances, the latest legal rulings on club affairs, and expanded coverage of "creative accounting".
• Titolo autorizzato: The price of football
• ISBN: 9781788213288
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910795669603321
• Lo trovi qui: Univ. Federico II