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The TRUTH behind Newcastle United's spending power & PSR close shave w/ Kieran Maguire

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  • Опубліковано 19 сер 2024
  • Liam speaks with football finance expert Kieran Maguire about Newcastle United's PSR situation after the club narrowly avoided a points deduction in the 2023-24 calculations.
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    #NUFC #NewcastleUnited #PremierLeague #Football #Newcastle #NUFCfans #NUFCnews #NUFCtransfers #NUFChighlights #PremierLeagueTransfers
    Music: Sport Percussion
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КОМЕНТАРІ • 91

  • @andrewford119
    @andrewford119 Місяць тому +2

    I could listen to Kieran all day. He's so good at putting things in a way that I understand easily. I can definitely recommend his Price of Football podcast; i never miss an episode....

  • @brianhall869
    @brianhall869 Місяць тому +15

    Why aren't these clubs taking the premier league to court anti competitive rules restrictive business practices. The Premier league has a cabal the rest of the teams are their feeder clubs. Anti competitive behaviour can be fined 10% of worldwide revenue.

    • @firestarter1888
      @firestarter1888 Місяць тому +4

      The fans should as well, as consumers they are the ones impacted.

    • @andrewcharlton6080
      @andrewcharlton6080 Місяць тому

      Because the clubs themselves voted for it.
      Thats the issue, the majority of the clubs want to restrict spending as they know they just can’t compete

    • @firestarter1888
      @firestarter1888 Місяць тому

      @@andrewcharlton6080 They can't ignore 1 million fans however, if they all complained to the cma.

    • @johnmurray5573
      @johnmurray5573 Місяць тому

      Have the club mismanaged their balance sheet? How much has been wasted on Ashworth on the wage bill for garden leave.

    • @firestarter1888
      @firestarter1888 Місяць тому

      @@johnmurray5573 They probably turned a profit on cashworth, as man u payed a release fee.

  • @shielsy1
    @shielsy1 Місяць тому +5

    A good listen, best of luck to England tomo from a Ni fan 🤞

  • @iantelford1185
    @iantelford1185 Місяць тому

    Thanks Liam and Kieran.

  • @MarkWeir-cr5tk
    @MarkWeir-cr5tk Місяць тому

    Brilliant session Liam, Kieran brilliant as well.

  • @marcusdidius4090
    @marcusdidius4090 Місяць тому

    Dear all,
    Canny video as always👍
    Always good to see Kieran Maguire doing his finance thing👍👏🤘
    Regards,

  • @MrCharlieabrahams
    @MrCharlieabrahams Місяць тому

    Excellent content. There is no question in my mind that most of the transfers end June had inflated values just to solve PSR deficits

  • @TonyODOnnell-tt8gh
    @TonyODOnnell-tt8gh Місяць тому +1

    excellent watch... Bravo...

  • @antonyallen8025
    @antonyallen8025 Місяць тому +5

    I wouldn't have said Ashley left newcastle in a strong place for psr considering how much he hampered our turnover by doing rubbish deals with certain sponsors etc

    • @drrocco2525
      @drrocco2525 Місяць тому +1

      Yes, the prs rules go on turnover over a 3 year backdated period, our money coming in from sponsors ect was shocking and that's why we are still playing catchup now,Ashley left us with a shit squad and bottom 6 team revinew coming in

    • @antonyallen8025
      @antonyallen8025 Місяць тому +1

      @drrocco2525 precisely, 14 years of neglect and accepting surviving the prem year on year meant we went from having a turnover similar to that of Spurs, to floundering around to nearly half

    • @drrocco2525
      @drrocco2525 Місяць тому +1

      @antonyallen8025 yep, and a squad of players that were unsalable when he left

    • @Tom_murray89
      @Tom_murray89 Місяць тому

      And funnelled money into sports direct

    • @drrocco2525
      @drrocco2525 Місяць тому +1

      @Tom_murray89 yes, he even had a website set up from sports direct which mirrored the official club website which redirected Internet traffic for people buying kits to sd, so the club wouldn't make the money,proper snidey kernt

  • @Round3TV
    @Round3TV Місяць тому

    That was a genuinely informative interview, good work.

  • @bensouthwell1339
    @bensouthwell1339 Місяць тому

    an education from Kieran well done.

  • @nettlewarrior8627
    @nettlewarrior8627 Місяць тому +1

    So glad Kieran explained amortisation. Up until this point I hadn't realised it was calculated as a daily rate. Makes sense how Chelsea could continue to buy before the PSR deadline.

  • @George-wy2yb
    @George-wy2yb Місяць тому +1

    Know this one will be a great watch. Thanks guys

  • @ianmclennan4353
    @ianmclennan4353 Місяць тому

    A fascinating podcast - very informative! The financial aspect of the Sales and Purchases of recent years certainly are revealing. It really helps understand NUFCs position in relation to the "Big 6" - still there IS hope for the future!

  • @dbulman2
    @dbulman2 Місяць тому

    Excellent episode, very informative on PSR which is a joke to get head around. How much do we expect this summer? The cartels control is ruining football. Villa do great to qualify for champions league and have to sell players. Ratcliife openely saying they should get more vote and bo scrutiny from media

  • @grahamritchie7755
    @grahamritchie7755 Місяць тому

    What a brilliant chap who really knows his stuff

  • @gazmo71
    @gazmo71 Місяць тому

    Excellent content Liam, best one yet, great questions and Kieran is excellent, as well as a top bloke. Always speaks in laymans terms for novices like us. His podcast is always a listen

  • @billrailton712
    @billrailton712 Місяць тому

    Great report thoroughly enjoyed and what a fantastic insight to club finances 👍

  • @danielcain6671
    @danielcain6671 Місяць тому

    Very good show love maguire talking very good non bias person x

  • @harryrobertson9838
    @harryrobertson9838 Місяць тому

    Great show!

  • @antd6993
    @antd6993 Місяць тому

    Usually I would watch this on Saturday but well it has been a different ⚽️ wkd! Cheers L😂

  • @AllyBeee1
    @AllyBeee1 Місяць тому

    Great video as always. Some good questions. I would like to know Kieran's take on the Chelsea Women's side being effectively sold to themselves for 200 million as rumoured and also the situation with Covid payments being counted for Man Utd for PSR deadline just gone. Will The PL investigate any of this?

  • @joemoore400
    @joemoore400 Місяць тому

    Good interview this. You should think about doing it as a job or something!

  • @ste1887
    @ste1887 Місяць тому

    Premier League Clubs could go strike and not sign and sell players to make a statement to PL and PSR etc.

    • @GeordieJournos
      @GeordieJournos  Місяць тому

      How would that work? - L

    • @ste1887
      @ste1887 Місяць тому

      @@GeordieJournos point blank refuse to do transfers in or out.

  • @Tom_murray89
    @Tom_murray89 Місяць тому

    On the commercial front Ashley was awful he didn’t give the chance to raise revenue however under pfi we are able to get great sponsorship deals

  • @Robert.Sheard
    @Robert.Sheard Місяць тому

    What’s the intention of FFP/PSR? Is it to level the playing field? (It certainly doesn’t accomplish that.) Or is it to keep clubs from going under? If it’s the latter, the restrictions should be linked to debt rather than income/loss.

  • @roncalvert1995
    @roncalvert1995 Місяць тому

    Would love to know more about this case the Bosman lawyer is taking to court. What did Kieran mean when he said it might mean the wild west has arrived - I'm hoping it means that transfer fees are excluded from PSR or equivalent calculations, but no doubt the vested interests will find other ways to keep the ladder pulled up behind them.
    Also: what happened with Man City's arbitration case? The participants presumably have a feel for how they believe things went - any hints emerging? I am guessing the formal ruling hasn't been issued yet, but do we know when it is due?

    • @craiglee3653
      @craiglee3653 Місяць тому

      Probably end up like American sports where players get tens of millions to sign for clubs, no window, and short contracts to allow players to earn maximum.

    • @GeordieJournos
      @GeordieJournos  Місяць тому

      I've asked him for clarity. But he's away to the final, so I'm not expecting much response.
      Re second bit, hints unlikely as parties are strictly bound by confidentiality. - L

  • @Tom_murray89
    @Tom_murray89 Місяць тому

    Mike Ashley used us to make more money for sports direct

  • @kevinhawes
    @kevinhawes Місяць тому +1

    This misguided mindset that Mike Ashley done any but strip Newcastle united of its accents to line his own pockets is crazy we are still feeling the devastation of that idiot’s tenure ie shirt sales to sports direct we did have land but he soon sold that off not to mention the players sold for vast profit to himself need I say more

    • @GeordieJournos
      @GeordieJournos  Місяць тому

      Think that's a whole different video. However, the reference in this one was purely the lack of debt etc. - L

  • @peternealon430
    @peternealon430 Місяць тому

    Does anyone know when any revised financial figures will be released? I can only find figures for upto 30/6/24 but i'm not sure these include the late sales or buys.

  • @geordie_mech
    @geordie_mech Місяць тому

    None of you know the truth about PSR. The only ones that know anything are the ones behind the scenes.

    • @GeordieJournos
      @GeordieJournos  Місяць тому

      Without accounts. That's impossible. But you can have a good idea, as per Kieran's calculations. - L

    • @nettlewarrior8627
      @nettlewarrior8627 Місяць тому

      Liam stated the journalists were shown the accounts by the club at the end of January. Therefore they had a good idea of the deficit.

  • @deanharding740
    @deanharding740 Місяць тому

    Man Utd have just reported losses of £70m for THREE MONTHS which annualised would be a loss of £280m

  • @stephenrichards9118
    @stephenrichards9118 Місяць тому +1

    Totally bias towards top 6 mean endless court cases and challenges

    • @peternealon430
      @peternealon430 Місяць тому +1

      I genuinely believe that it will get to a point very soon where the league will be delayed whilst a court case is being heard.

    • @stephenrichards9118
      @stephenrichards9118 Місяць тому +1

      @@peternealon430 wouldn't surprise me either if clubs can't compete fairly they will try to find loopholes and go to court

  • @2coinaphrase121
    @2coinaphrase121 Місяць тому

    Sorry but Ashley did not leave us in a strong PSR situation at all. He left us with a useless high wage squad with no sell on value due to years of neglect. Selling off decent academy players like Bobby Clark before they would be key assets under these new rules.

    • @GeordieJournos
      @GeordieJournos  Місяць тому

      Of the lots of things Ashley did, he definitely didn't leave the squad with a high wage bill. - L

    • @2coinaphrase121
      @2coinaphrase121 Місяць тому

      @@GeordieJournos I’m referring to silly Jeff Hendrick, Ryan Fraser wages etc which still stink the place out

    • @GeordieJournos
      @GeordieJournos  Місяць тому

      @2coinaphrase121 ah ok. Ritchie was another btw.

  • @canderson1955
    @canderson1955 Місяць тому

    End of the decade? I’m almost 70 years old now, I might never see the ‘big 7’ lol.

  • @billburnett3902
    @billburnett3902 Місяць тому

    Just take the EPL and UEFA to court. Their rules are anti-competitive. Also, make the clubs with huge debts pay them off in short time.

    • @Tom_murray89
      @Tom_murray89 Місяць тому

      It could be under restoration of trade however it seems that the premier league and UEFA are a law unto themselves

  • @BigDom61
    @BigDom61 Місяць тому

    TBH lads unless City win there case it’s going to take years to catch up with the septic 6 unfortunately