ESL part of the con?

[Remo-town]

UEFA's hand-wringing has been hilarious.

Their CL plans (which mean clubs can qualify based on historical record even if they finish poorly in their league) is just ESL-lite.

Astounding how many idiots have bought the 'the fans have won' line.

Watched a bit of freesports last night. In a corner of the screen they had a sign of the cl ball with earn it, written below.

Isnt this a case of getting it whilst not earning it. Or is it just a way to help big clubs like real still get the chance to make cl money to help them out the financial shit they're in.

 

[jackstar]

Spanish clubs who can't control their costs.
American owned EPL clubs who like the closed shop idea.
Thats what led to the ESL.

The Spanish clubs deserve all they get spending outrageous amounts of money the way they have,as for the Americans will they even realize that the vast majority of Americans wouldn't be interested and in the real world would be a major turn off for the rest of us. The sooner Clubs come back to being owned by local business men the better. These people have grossly underestimated the passions of supporters and I long to see the day when Clubs are owned by supporters. Can't see that happening soon.

 

[Conlig Loyal]

Too many big, influential, powerful and extremely wealthy men were utterly humiliated in front of the entire world for it to be any type of bluff or sleeked plan.

 

[Smkz23]

https://twitter.com/x/status/1385529424569847808

 

[WinkieWATP]

Watched a bit of freesports last night. In a corner of the screen they had a sign of the cl ball with earn it, written below.

Isnt this a case of getting it whilst not earning it. Or is it just a way to help big clubs like real still get the chance to make cl money to help them out the financial shit they're in.

That was at the bottom of the stream of the Barca game on the Hills last night aswell.

 

[defender]

Let me lay out the extreme depth to which Barcelona are financially fucked. Remember, this is from June 2020 :

• Total debt of 1.179Bn Euro's
• Net debt of 488m Euro's
• 730m in short term debt to financial institutions & European Union
• 266m must be paid before June 30th 2021
• Owe 196m to other clubs for transfers
• Expenses outstrip revenue by 99.8m Euro's in 19-20
• Net Loss before corporation tax of 128m Euro's
• Revenue down 135m Euro's year on year. Expenditure only down 19m year on year
• Staff costs at 636m Euro's, 74% of total revenue
• The Gross Debt/EBITDA ratio as stipulated by Article 67 of those Statutes is 3.64 (well above the limit of 2)
• Equity of 35m, Net debt/Equity ratio 13.94
• Yearly Debt costs as a percentage of revenue: 59.7% (increase of 37 percentage points from 2018-19)
• Expected drop in Revenue from 2020-21 of 199m (expectation based on partial fans by December 2020 and full fans by January 2021, that has not happened)
• Year on year increases in amoritization costs of 177m, will continue until they reach 600m

And the EU has called in it's debts

They are so, so fucked it's almost unreal.

In some ways it seems it's better to be in major debt than minor as the party owing can almost dictate terms, if they go out of business the lender is the one who ends up screwed.

Part of our problem was owing realitively little