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Here are the accounting goals hoped for by the Super League clubs

3 years ago babelfish

Here are the accounting goals hoped for by the Super League clubs

Not just Super League. Facts, names, numbers, curiosities and controversies. The tweets of Michele Arnese, director of Start

FOOTBALL AFFECTION

THE BALLASTED ACCOUNTS OF THE CLUBS

HERE ARE THE REAL SIGHTS OF SUPER LEAGUE CLUBS

Why the Super League breaks football clubs

All the business that Juve, Inter and Milan expect from the football Super League

THE MEN OF PEREZ

THE FORECAST OF THE ECONOMIST BRAGANTINI

SPEAK BONIEK

TALK ZOFF

SPEAKS CARRARO

EYE TO THE PASS

WELCOME TO SCHOOL

SELL GONGOLA, MEDIASET ATTAPIRATA

IS ONLINE, THEREFORE, GOOD FOR BOOKS?

THE NEW ACTIVITIES OF RENZI

QUISQUILIE & PINZILLACCHERE

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EXTRACT FROM AN ARTICLE FROM THE SUN 24 HOURS ABOUT THE SUPER FOOTBALL LEAGUE:

The goal is to raise budgets that, regardless of Covid, were already in trouble before. The 12 splinter clubs have a total of between € 5 and € 6 billion in debt, of which € 3.8 billion from banks. In addition to the financial situation, the economic accounts strongly affected by the pandemic with an additional 2.5 billion in operating losses. In Italy, Juventus closed 2020 in deep red (-71.4 million) and the investment made in Ronaldo did not have the expected effects on the income statement. Same goes for Inter and Milan. According to Suning's hopes, the Super League should increase the evaluation of Inter in the future and approach the one billion requested by the Chinese group in recent months from potential buyers. We therefore understand Suning's expectation in the latest negotiations. And also Elliott, with Milan, sees in the Super League a driving force to monetize his exit from the team in the future. In short, a lot of money for Italian and European clubs with the most glorious past but also with budgets in constant trouble and subject to the ax of the UEFA Financial Fair Play.

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EXTRACT FROM AN ARTICLE FROM THE SUN 24 HOURS ABOUT THE SUPER FOOTBALL LEAGUE:

The revenues of the European Cups are divided as follows: 2 billion go to the 32 clubs that take part in the Champions League, 510 million to the 48 of the Europa League, 295 million are destined to cover organizational costs, 163 million that remain at UEFA for its projects and 227 million are instead distributed between Federations and other clubs in the context of European mutuality. More generally, in the Uefa financial report for the 2018/19 season (the last without Covid) the total sums allocated to the "solidarity payments" item are equal to 275 million euros per season. In the Super League project, the solidarity payments will go hand in hand with the increase in revenues, therefore without a pre-established maximum limit. In particular, it is estimated that the mutuality contributions to the clubs of the Old Continent can therefore grow over the years with the increase in revenues from the new event and be worth at least 10 billion during an initial financial commitment period calculated over 23 seasons. So the annual figure for mutual aid would be at least 434 million per season, almost 160 million more (60%) than the current ones. An argument that could breach the clubs and Federations most reluctant to accept the news. Today, only a quarter of mutual funds go to the five Top Leagues. To Serie A goes 5% equal to 13 million.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/tutti-gli-affaroni-sperati-dai-club-della-super-league/ on Tue, 20 Apr 2021 07:13:48 +0000.