Chris Weatherspoon

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Articles

Newcastle aim for second, a big week for Villa, and are Forest slipping?

6 days ago | nytimes.com | Chris Weatherspoon |Chris Waugh

Things are heating up in (a particular section of) the Premier League. As football fans enjoyed a fine slate of Champions League action in midweek, for a few top-flight clubs it was a reminder of what could be theirs in 2025-26 if they manage to complete one simple task: finish in the top five.
Premier League amends PSR rules amid Leicester City dispute

1 week ago | nytimes.com | Chris Weatherspoon |Alex Brodie

The Premier League has moved to tighten its financial rules amid an ongoing arbitration dispute with Leicester City. The wording around its profitability and sustainability rules (PSR) has been amended and appears to directly relate to the arbitration case centring around Leicester's losses during the three-year accounting period ending in 2022-23 and whether it fell under EFL or Premier League jurisdiction.
Chelsea top spend on agent fees for 2024-25 Premier League season

1 week ago | nytimes.com | Ben Burrows |Chris Weatherspoon

Chelsea again topped the table for spending on agent fees as Premier League clubs spent more than £400million ($527m) over the last two transfer windows. The west London club spent £60.3m after signing the likes of Joao Felix, Pedro Neto and Kiernan Dewsbury-Hall to take their outlay in the three years under the Clearlake Capital-Todd Boehly ownership group to £179m.
Chelsea's holding company's £1bn-plus 'debt'

1 week ago | nytimes.com | Dan Sheldon |Chris Weatherspoon

Behdad Eghbali and Jose E Feliciano's Clearlake Capital and Todd Boehly have spent more than £1billion on players since buying Chelsea for £2.3bn in May 2022 - and have now borrowed over a £1bn through a revolving credit facility and a redeemable preferred equity agreement. When the club released their full accounts for the year ended June 30, 2024, on April 5, they received plenty of attention.
Why it's important and which teams can make it

1 week ago | nytimes.com | Chris Weatherspoon |Paul Taylor

Arsenal's 3-0 win against Real Madrid on Tuesday in the first leg of a Champions League quarter-final was notable not only for Declan Rice's direct free-kick double, but also as the result which sealed a fifth place in that competition for Premier League teams next season, through the European Performance Spots (EPS). The English top flight is now guaranteed one of the two EPS places for 2025-26, with Spain's La Liga likely to take the other.
How Bournemouth avoided a PSR breach and what it means for other clubs

2 weeks ago | nytimes.com | Dan Sheldon |Chris Weatherspoon
£86m loss, PSR problems to solve, player sales needed

2 weeks ago | nytimes.com | Jacob Tanswell |Chris Weatherspoon

Raising additional funds is critical for the overall running of the business, especially after a £119.6million post-tax loss in the 2022-23 season and now, following the 2023-24 campaign, an £85.9m post-tax deficit. Across two seasons, Villa have suffered post-tax losses of more than £200m ($254m). Staying in line with profit and sustainability rules (PSR) will remain a constant challenge and is determined by Villa's appeal on the pitch. The more success, the more revenue and transfer spend.
Women's team sold for £200m, profit posted, UEFA spending limit breached

2 weeks ago | nytimes.com | Dan Sheldon |Chris Weatherspoon

Chelsea's accounts have become essential reading since Behdad Eghbali's Clearlake Capital and Todd Boehly bought the club in May 2022 - and the most recent filings are no different. The full figures for 2023-24 were released on Saturday morning and confirm that Chelsea valued their women's team at £200million ($258m) when selling it to Blueco 22 Midco Limited - a company within the club's broader legal structure.
Record wage bill, reliance on sales, debt to owners, PSR concerns

3 weeks ago | nytimes.com | Rob Tanner |Chris Weatherspoon

The club remains in arbitration with the Premier League over an alleged breach of profitability and sustainability rules (PSR) for that campaign and the question of jurisdiction over who can bring a charge, and when. In the club's most recent accounts, published on Wednesday, it stated they made a loss of £19.4million ($25.1m) during the 2023-24 campaign, when they won the Championship to return to the Premier League at the first attempt.
£60m loss, £140m 49ers support and PSR situation

3 weeks ago | nytimes.com | Beren Cross |Chris Weatherspoon

Financial losses at Leeds United through their first season after relegation inevitably widened, while their failure to win promotion in May 2024 has been cast in an even starker light by last year's accounts. The financials for 2023-24 were published this week and show Leeds had bigger wage bills than Southampton and Ipswich Town, but failed to make it pay on the pitch.