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spg007.bsky.social
Football fan writing on finance in football/sport. Have worked in banking, venture capital and most recently as a CFO.
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The storm has come…good days are coming (eventually…probably) spgoals.substack.com/p/the-storm-... Mens squad is last part of ruthless kitchen-sinking of #MUFC. Gives a sustainable foundation but risky with current infrastructure. United DNA must run through club rebuild otherwise what's it all for?

#MUFC’s Super Massive Black Hole…Or is it? • No UCL could see a gross revenue fall of c.£110mn. • Scope for £70mn cost benefit. • League position & season tickets closing the other £40mn. • Player sales to fund buys beyond the £100mn PSR budget. open.substack.com/pub/spgoals/...

Some Bank Holiday listening. In this, Ed and I cover: - Detailed financial impact of Europa League loss. - Bruno, financial and non-financial ramifications of a sale. - Pros and cons of Women's team sale. - Potential routes forward from here. #MUFC

What might it cost for United to be “brave” in the transfer market? Clue: It may cost a bit to move players on if no buyers/ market can be found for them (£20mn+ in an albeit unlikely scenario)… open.substack.com/pub/spgoals/...

Launching a Substack today. First post is on United vs Liverpool commercial income. Liverpool have now knocked the Glazers off that perch. But new Chief Business Officer Marc Armstrong still has plenty of low hanging fruit to go after. open.substack.com/pub/spgoals/...

🏟️🏦📉📈INEOS own MUFC shares: United now have a further vehicle for to fund a new stadium, on better than market terms. INEOS owned shares give more flexibility for future full ownership options without harming MUFC. Working capital buffer less likely given £282mn losses in 4 years.

A potentially distressing #MUFC story... Years of mismanagement, SJR plugging cash gap, fans paying the price #StopExploitingLoyalty W/o Jim’s $100mn by year end they’d be short on cash So need to pull every lever but continued poor on pitch performance means they can't use sponsorships like before

I don't think anyone was realistically expecting a transformational performance against Ipswich Town. Who am I kidding, Ruben Amorim & co were supposed to fix all of Manchester United's problems with just a few training sessions. It's a long road back for this club, so strap in.

3 takeaways from #MUFC game 1. Still phase 1 of squad overhaul, any coach still dealing with that. There will be pain before gain. 2. Amorim is an out and out football person, media duties comment is Mourinho-esque. On the football leadership to back him on it. 3. Not a fan of Ed Sheeran

#EPL moving int'l media operations in house beginning '26/27 season can be a game changer. Int'l media rights for '25/26 - '27/28 agreed and +17% pa vs. prior cycle. So EPL will get a season to trial producing all content in-house until they commercialise... www.premierleague.com/news/4172032...

When Frankfurt fans took over the Nou Camp for the Europa League Quarter Final back in 2022. It was estimated that 30,000 made the trip to Barcelona that day👏

American investors reportedly raising funds for Verona bid via @Onefootball. Read it here: onefootball.com/editorial/40...

The impossible dream. Made possible.

Hate to break it to you but this is absolutely not Manchester right now.

People say the Nations League is meaningless. This is exactly the reason why it isn’t. Scenes in San Marino.

🔴🏟️Gunning for new Levels: Arsenal’s stadium expansion 🏟️🔴 #Arsenal might join the rest of the EPL in the hunt for more revenue by expanding the Emirates to an 80,000 seater stadium (mini 🧵) EPL's growth problem🧵: bsky.app/profile/spg0... Original story: www.bloomberg.com/news/newslet...

📈📉Does football and the #EPL have a growth problem? 🧵 - Broadcasting growth has slumped, “Netflix of football” can transform economics for EPL and fans long term. - Without a “Netflix of football”, new commercial deal structures will be required. - Matchday revs, the next driver of growth.

Don’t even care if this is computer generated. These images are spectacular.

Kasabian. Co-op Live.

Ugarte seemingly fully settled in at #MUFC now. Fully embracing Fergie time.

Damned if he does. Damned if he doesn’t.