SwissRamble
@swissramble.bsky.social
Brit blogging about the business of football. You can find my detailed analysis at https://swissramble.substack.com/
Looking at the Premier League in last 10 years, operating activities provide a third of total funds with a similar amount from player sales. Owners provided 27% with 8% from external debt. Around 3/4 of cash was used on player purchases with 20% on infrastructure investment.
November 20, 2025 at 8:33 AM
Looking at the Premier League in last 10 years, operating activities provide a third of total funds with a similar amount from player sales. Owners provided 27% with 8% from external debt. Around 3/4 of cash was used on player purchases with 20% on infrastructure investment.
Today's blog looks at the different business models employed in the Premier League, as there is a wide divergence in how clubs source their cash and indeed what they spend it on.
November 20, 2025 at 8:33 AM
Today's blog looks at the different business models employed in the Premier League, as there is a wide divergence in how clubs source their cash and indeed what they spend it on.
Norwich’s revenue has dropped by a hefty £95m (71%) from the club record £134m three years ago in the Premier League, almost entirely due to lower TV rights deal after relegation #NCFC
November 17, 2025 at 8:32 AM
Norwich’s revenue has dropped by a hefty £95m (71%) from the club record £134m three years ago in the Premier League, almost entirely due to lower TV rights deal after relegation #NCFC
Norwich have long been regarded as a club that tries to operate sustainably, posting a profit in seven of the ten seasons up to 2020/21. However, they have lost money in all four years since then, adding up to £86m in that period #NCFC
November 17, 2025 at 8:32 AM
Norwich have long been regarded as a club that tries to operate sustainably, posting a profit in seven of the ten seasons up to 2020/21. However, they have lost money in all four years since then, adding up to £86m in that period #NCFC
Norwich City’s pre-tax loss widened from £14.4m to £20.7m, mainly due to a steep reduction in revenue, which dropped £33.8m (46%) from £73.1m to £39.3m after parachute payments stopped. Partly offset by higher player sales and cost cutting #NCFC
November 17, 2025 at 8:32 AM
Norwich City’s pre-tax loss widened from £14.4m to £20.7m, mainly due to a steep reduction in revenue, which dropped £33.8m (46%) from £73.1m to £39.3m after parachute payments stopped. Partly offset by higher player sales and cost cutting #NCFC
At a time of much change for Norwich City, a review of their financial results for the 2024/25 season, when they finished 13th in the Championship #NCFC
November 17, 2025 at 8:32 AM
At a time of much change for Norwich City, a review of their financial results for the 2024/25 season, when they finished 13th in the Championship #NCFC
Great gig from the fabulous Sadie Jean at Papiersaal in Zürich tonight 🔥
November 16, 2025 at 8:55 PM
Great gig from the fabulous Sadie Jean at Papiersaal in Zürich tonight 🔥
To highlight Barcelona's new found frugality, their €490m gross transfer spend in the last five years was less than half of the €1.2 bln in the preceding 5-year period. Indeed, net spend in the last two years was just €3m.
November 13, 2025 at 8:34 AM
To highlight Barcelona's new found frugality, their €490m gross transfer spend in the last five years was less than half of the €1.2 bln in the preceding 5-year period. Indeed, net spend in the last two years was just €3m.
Barcelona set a new revenue record of €916m, overtaking €852m pre-pandemic peak, despite playing at the Olympic Stadium, mainly due to significant commercial growth.
The club's revenue definition of €994m includes €43m gain on player sales and €35m provisions movements.
The club's revenue definition of €994m includes €43m gain on player sales and €35m provisions movements.
November 13, 2025 at 8:34 AM
Barcelona set a new revenue record of €916m, overtaking €852m pre-pandemic peak, despite playing at the Olympic Stadium, mainly due to significant commercial growth.
The club's revenue definition of €994m includes €43m gain on player sales and €35m provisions movements.
The club's revenue definition of €994m includes €43m gain on player sales and €35m provisions movements.
To get a good understanding of Barcelona’s underlying position, we need to adjust for all the exceptional items, which highlights the impact of the economic levers and special provisions.
November 13, 2025 at 8:34 AM
To get a good understanding of Barcelona’s underlying position, we need to adjust for all the exceptional items, which highlights the impact of the economic levers and special provisions.
The small €8m loss last season represented a return to some sort of normality to Barcelona, as the net impact of exceptional items was relatively small. The club said that this would continue in 2025/26, budgeting a €5m pre-tax profit.
November 13, 2025 at 8:34 AM
The small €8m loss last season represented a return to some sort of normality to Barcelona, as the net impact of exceptional items was relatively small. The club said that this would continue in 2025/26, budgeting a €5m pre-tax profit.
Barcelona made a pre-tax loss of €8m, significantly better than prior year's €204m deficit, largely driven by steep reduction in exceptional items from €225m to €10m, due to movement in economic levers. Club referenced a €2m "operating" profit excluding exceptionals.
November 13, 2025 at 8:34 AM
Barcelona made a pre-tax loss of €8m, significantly better than prior year's €204m deficit, largely driven by steep reduction in exceptional items from €225m to €10m, due to movement in economic levers. Club referenced a €2m "operating" profit excluding exceptionals.
Deep dive into Barcelona's financial results for the 2024/25 season, when Hansi Flick’s team won the double of La Liga and Copa del Rey, as well as the Spanish Super Cup, while they were eliminated in the Champions League semi-finals #FCBarcelona
November 13, 2025 at 8:34 AM
Deep dive into Barcelona's financial results for the 2024/25 season, when Hansi Flick’s team won the double of La Liga and Copa del Rey, as well as the Spanish Super Cup, while they were eliminated in the Champions League semi-finals #FCBarcelona
In the three seasons since coming out of administration, Derby have lost £45.7m before tax, though the good news is that the losses have now fallen two years in a row. No accounts published between 2019 and 2022 #dcfc
November 10, 2025 at 8:26 AM
In the three seasons since coming out of administration, Derby have lost £45.7m before tax, though the good news is that the losses have now fallen two years in a row. No accounts published between 2019 and 2022 #dcfc
Following promotion, Derby’s pre-tax loss narrowed from £14.2m to £11.1m. Revenue shot up £12.5m (64%) from £19.4m to £31.9m, but this was offset by £15.0m (39%) growth in operating expenses. Net improvement due to profit on player sales, up from £4.6m to £10.3m #dcfc
November 10, 2025 at 8:26 AM
Following promotion, Derby’s pre-tax loss narrowed from £14.2m to £11.1m. Revenue shot up £12.5m (64%) from £19.4m to £31.9m, but this was offset by £15.0m (39%) growth in operating expenses. Net improvement due to profit on player sales, up from £4.6m to £10.3m #dcfc
Review of Derby County's financial results for 2024/25, their first season back in the Championship after promotion from League One, when a good late run secured their survival #dcfc
November 10, 2025 at 8:26 AM
Review of Derby County's financial results for 2024/25, their first season back in the Championship after promotion from League One, when a good late run secured their survival #dcfc
Here you go. Couple of new tracks, but the crowd understandably went crazy for The Smiths’ songs.
November 5, 2025 at 10:18 PM
Here you go. Couple of new tracks, but the crowd understandably went crazy for The Smiths’ songs.
And a great support band, The Clockworks 🇮🇪 Saw them last year in a much smaller venue, but they were just as good tonight at X-tra 👊
November 5, 2025 at 10:15 PM
And a great support band, The Clockworks 🇮🇪 Saw them last year in a much smaller venue, but they were just as good tonight at X-tra 👊
The legendary Johnny Marr was in fine form in Zürich tonight 😎
November 5, 2025 at 10:14 PM
The legendary Johnny Marr was in fine form in Zürich tonight 😎
Going into this summer's transfer window, the club had a huge £77m cash reserve, which is five times as much as the rest of the Scottish Premiership put together, with the next highest cash balances being miles lower at less than £3m #CelticFC
November 3, 2025 at 8:11 AM
Going into this summer's transfer window, the club had a huge £77m cash reserve, which is five times as much as the rest of the Scottish Premiership put together, with the next highest cash balances being miles lower at less than £3m #CelticFC
Celtic have posted profits in nine of the last ten years, the one exception being the COVID-impacted loss in 2020/21. As a result, they have generated an impressive £135m profit before tax over the last decade, including £104m in the last three years alone #CelticFC
November 3, 2025 at 8:11 AM
Celtic have posted profits in nine of the last ten years, the one exception being the COVID-impacted loss in 2020/21. As a result, they have generated an impressive £135m profit before tax over the last decade, including £104m in the last three years alone #CelticFC
Celtic's financial results were very impressive, as they set records for both pre-tax profit, up from £18m to £46m, and revenue, which rose £19m (15%) from £125m to £144m, while profit from player sales increased from £7m to £31m #CelticFC
November 3, 2025 at 8:11 AM
Celtic's financial results were very impressive, as they set records for both pre-tax profit, up from £18m to £46m, and revenue, which rose £19m (15%) from £125m to £144m, while profit from player sales increased from £7m to £31m #CelticFC
A review of Celtic's finances for 2024/25, when they again won the Scottish Premiership and reached the Champions League knock-out round. However, this season has proved more challenging, leading to the departure of Brendan Rodgers and an extraordinary club statement #CelticFC
November 3, 2025 at 8:11 AM
A review of Celtic's finances for 2024/25, when they again won the Scottish Premiership and reached the Champions League knock-out round. However, this season has proved more challenging, leading to the departure of Brendan Rodgers and an extraordinary club statement #CelticFC
The most important driver of the gap between the two groups is commercial income, where the Big Six generate a staggering 8.2x as much as the other 14 clubs, as well as match day revenue, where the multiple is a hefty 5.3x. Broadcasting is "only" 1.6x.
October 30, 2025 at 8:25 AM
The most important driver of the gap between the two groups is commercial income, where the Big Six generate a staggering 8.2x as much as the other 14 clubs, as well as match day revenue, where the multiple is a hefty 5.3x. Broadcasting is "only" 1.6x.