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FOOTBALL FINANCIAL MODEL
Case studies

How the model gets used, in practice.

Insights and deep-dives exploring the big questions in the business of club football, all run through the model.

Featured study

Pricing the post-promotion gamble.

Sunderland and Paris FC both answered promotion by spending up. The model prices what that decision actually costs — the annual wage step, the impact if the drop comes anyway, and what a European season pays back.

Result

The wage step, the drop and the upside — priced.

England & France · Tier 1Read study
Relegation odds · Year 1 by wage level5-Year Probabilities
Top-half5%
Bottom-half18%
Relegation-level60%
Probability of relegation in Year 1, by squad wage level.
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The top-half trap.

Top-half wages buy security from relegation — risk falls from over half to a fraction of that. The model prices what that safety costs: an operating loss in every one of the Big 5 leagues, carried every season without European football.

Result

The risk, the logic, and the extent of the losses — in all five leagues.

Big 5 leagues · Tier 1Read study
Pre-Trading Net · a top-half seasonP&L summary
(€20.8M)
England
(€28.7M)
France
(€45.7M)
Germany
(€38.2M)
Italy
(€57.7M)
Spain
Top-half wages, at 38,000 seat capacity, by league.

Diligence on a Belgian Tier 2 club.

An investor bullish on Belgium wants the year-to-year reality of running a competitive Tier 2 club — before spending real money on diligence. Stadium size impact, promotion odds and three-year branches, priced.

Result

Revenue more than doubles from 5,000 seats to 15,000, but expect losses.

Belgium · Tier 2Read study
Non-Trading Revenues · by stadium sizeP&L summary
€1.1M
5,000 seats
€1.9M
10,000 seats
€2.5M
15,000 seats
Belgium Tier 2, top-half wages.
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