Latest news with #BigSix
CNA
2 days ago
- Business
- CNA
European game generated 38 billion euros in 2023-24 season, study shows
Europe's soccer market grew by 8 per cent in terms of revenue in the 2023-24 season to 38 billion euros ($43.46 billion) with England's Premier League generating the most, Deloitte said in a study published on Wednesday. In its Annual Review of Football Finance, Deloitte said the top five leagues - Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 - generated 20.4 billion euros in revenue, an increase of 4 per cent. Premier League clubs had the highest revenue of Europe's top leagues at 6.3 billion pounds ($8.50 billion). However, the traditional 'big six' clubs in England's top flight reported lower average revenue growth (3 per cent) than other clubs that were in the Premier League in both the 2023-24 and 2022-23 seasons (11 per cent). The study said the growth was largely driven by expansion of clubs' commercial offerings, which also led to the teams cumulatively generating more than two billion pounds in commercial revenue for the first time. "A focus on stadia development and diversification of commercial revenues led to growth across the European football market in the 2023-24 season," Tim Bridge, lead partner in Deloitte's Sports Business Group, said. "However, clubs and leagues cannot afford to take their eye off the ball as new challenges, including an evolving regulatory landscape and changing fan behaviours, arise. "The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs. "More so than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come." Clubs in Europe's 'big five' leagues reported an aggregate operating profit (0.6 billion euros) for a second successive season, while the aggregate wages/revenue ratio fell from 66 per cent to 64 per cent. WSL REVENUE SOARS Clubs in England's Women's Super League (WSL) jointly generated revenue of 65 million pounds in the 2023-24 season, a 34 per cent rise. Each WSL club had a double-digit increase in revenue, while all 12 clubs reported over one million pounds in revenue for the first time, with an average revenue of 5.4 million pounds. "Through developing more robust fan engagement strategies, strong commercial deals and securing central distributions, WSL clubs unlocked a new phase of growth," Deloitte Sports Business group's knowledge and insights lead Jennifer Haskel said. "Plus, as the reporting and attribution of commercial revenue remains inconsistent between clubs, we may be scratching the surface on the value now being generated by the women's game." ($1 = 0.7409 pounds) ($1 = 0.8743 euros)
Globe and Mail
3 days ago
- Business
- Globe and Mail
Tuesday's Insider Report: Director invests in 2025's top-performing Big 6 Canadian bank stock
Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over. The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts. Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock's valuation; perhaps an insider needs to raise money for personal reasons. An insider's total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company's shares or units. Listed below is a bank stock that has had recent buying activity in the public market reported by an insider. Toronto-Dominion Bank (TD-T) On May 28, director Ana Arsov invested over $283,000 in shares of TD Bank. She acquired 3,000 shares at a cost per share of $94.49, increasing the holdings in this particular account to 6,483 shares. Year-to-date, TD's share price is up more than 25 per cent, making it the best performing Canadian Big Six bank stock. ** Listed below are three stocks that have had recent selling activity in the public market reported by insiders. Cameco Corp. (CCO-T) On May 27, senior vice president and deputy chief financial officer Heidi Shockey exercised her options, receiving 10,030 shares at a cost per share of $11.32, and sold 10,030 shares at a price per share of $83.34 with 13,553 shares remaining in this particular account. Net proceeds totaled over $722,000, excluding any associated transaction charges. On May 27, Leontine van Leeuwen-Atkins, who sits on the board of directors, sold 3,252 shares at a price per share of $85 for an account in which she has control or direction over (Leontine Atkins Professional Corporation), after which this specific account did not hold any shares. Proceeds from the sale exceeded $276,000, not including trading fees. Fortis Inc. (FTS-T) On May 27, executive vice president, sustainability and chief legal officer Jim Reid exercised his options, receiving 20,000 shares at a cost per share of $47.57, and sold 20,000 shares at a price per share of $67.4109. Net proceeds totaled over $396,000, not including any associated transaction fees. There are currently 30,117 shares in this particular account. On May 27, executive vice president, chief financial officer Jocelyn Perry exercised her options, receiving 17,060 shares at a cost per share of $41.27, and sold 17,060 shares at a price per share of $67.1551. Net proceeds totaled over $441,000, excluding any associated transaction charges. There are currently 27,077 shares in this particular account. WSP Global Inc. (WSP-T) On May 27, chief operating officer Mark Naysmith exercised his options, receiving 10,424 shares at an average cost per share of approximately $64.90, and sold 10,424 shares at an average price per share of roughly $281.30, after which this particular account did not hold any shares. Net proceeds exceeded $2.2 million, excluding any associated transaction charges. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
Daily Mirror
06-06-2025
- Sport
- Daily Mirror
Ange Postecoglou gave Tottenham fans what they craved before lousy sack call
Being sacked after winning a trophy is not without precedent, we all know that. But it is a lousy precedent … and the decision to sack Ange Postecoglou is a lousy decision. Yes, a lot will find justification in Tottenham Hotspur's extremely poor Premier League campaign and, let's face it, we all pretty much knew it was coming. In fact, had he been dismissed DURING the season, few of us would have been surprised, few of us would have castigated Daniel Levy for it. But he was not sacked during the season. And Postecoglou gave a generation of Spurs fans the rarest of feelings - sheer, unadulterated elation. Tell me. Are you ELATED when your team scrapes into fifth position in the Premier League? Tell me. Are you ELATED when your team puts together a decent string of Premier League results but is not in with a shout of actually winning the thing? Tell me. Are you ELATED by club accounts and a fancy stadium? No. But you are ELATED when the players of your team hoist a trophy aloft, as Spurs did in Bilbao just over a fortnight ago. What is better? Being a non-trophy-winning member of the so-called Big Six or a team that has struggled in the league but ends the season in glorious triumph on a big occasion? As a rule, they don't do victory parades for a top-five finish for a reason. Of course, Spurs' Premier League form has invited the termination of Postecoglou's employment. And even though there were some mitigating circumstances, there were no excuses for the tally of losses - 22 - being so heavy. But Postecoglou is different. He's feisty, he's funny, he's ballsy. And perhaps that Europa League win might have just restored some impetus to what he was trying to achieve in the long term at Spurs. Again, had you asked me during the season if Postecoglou was - considering the way of the modern game - lucky to be in his post, then I would probably have said yes. But I witnessed the euphoria, the unquantifiable ELATION, of those Tottenham Hotspur fans in Bilbao - in the stadium, on the streets, in the airport the following morning. And, not forgetting he had secured a Champions League place, that is why Ange should have stayed. Perhaps you would argue that to keep him would have been a purely emotional decision, born out of the delirium in Bilbao. Well, guess what? Football is an emotional game … well, at least it used to be before finishing fifth became some sort of goal. And whether you agree with his dismissal or not, Big Ange will certainly be missed.
Yahoo
26-05-2025
- Sport
- Yahoo
A 33-year mystery: one of the Premier League's biggest anomalies
This article was translated into English by Artificial Intelligence. You can read the original version in 🇫🇷 here. This Monday afternoon, Liverpool paraded in the street to celebrate their English championship title. A delightful moment for Arend "Arne" Slot, who has officially become the first Dutch coach to win the Premier League. Arne Slot in Liverpool's trophy parade 😅🕺 — Haki FC (@thehakifc) May 26, 2025 This unprecedented triumph of Liverpool's coach is a good excuse to bring up one of the greatest anomalies of modern football. To this day, no English coach has won the Premier League. Never ever. Since the formal founding of the PL in May 1992, two Scottish coaches have tasted victory (Sir Alex Ferguson and Kenny Dalglish with Man United and Blackburn respectively), but the sad truth remains that no English coach has managed to claim the title. Does this rekindle the debate on the intrinsic quality of "made in England" coaches? These managerial shortcomings explain the appointment of foreign managers to lead the Three Lions over the decades (namely Fabio Capello and Sven Goran Eriksson). Recently, the appointment of the German Thomas Tuchel as head of the English national team has only corroborated this thesis. Another damning fact: no club from the Big Six is led by an English coach (the last was Graham Potter, who didn't last long at Chelsea). Even the traditionalist Tottenham has turned to an Australian technician (Ange Postecoglou) to try to regain its former glory. England, a great footballing nation devoid of great coaches? A paradox that endures. Champions coming through 🏆🔴 — Liverpool FC (@LFC) May 26, 2025 - This week's jersey news - An Inter star out for the Champions League final? 📸 2024 Getty Images
New York Times
24-05-2025
- Sport
- New York Times
Are we witnessing the end of the Premier League's ‘Big Six' hierarchy?
As the Europa League slogfest between Tottenham Hotspur and Manchester United unfolded in Bilbao, there will have been contrasting emotions at home and abroad. Clubs on the continent will have felt a shiver of self-consciousness about the level of their leagues, with the Premier League's 16th- and 17th-best sides reaching the final. Advertisement For the growing cluster of aspirational clubs in England's top flight, however, they must have watched on gleefully and fancied their chances of finishing above both again next season. As the Premier League table ties up its loose ends this weekend, it is that change of mindset among most clubs that should scare Manchester United, who have taken just two points from the last 24. They host Aston Villa at Old Trafford on Sunday and it is significant as, despite only two wins in 29 at the ground, the visitors go there as favourites. But it could also have wider ramifications. It is a meeting that could have a seismic say in whether the established order of the Premier League remains intact in the coming years. When pondering the permanent disruption of the 'Big Six' of Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Spurs over the last decade, it has been concluded that a perfect storm is required for a team to join or even knock one of the teams off their perch for good. The formula consists of an existing member missing out on the Champions League for three consecutive seasons and one of the wannabes qualifying for Europe's top-tier competition for three consecutive seasons. Champions League income is the only way to alter the status quo as it generates a minimum of £30million ($40.6m) but, with progress in the knockouts and a strong coefficient, can be worth between £100million and £150m. No disruptors have even managed two in a row, but victory in Manchester could see Unai Emery's team break that glass ceiling if any of Manchester City, Newcastle United or Chelsea lose their final game. Newcastle, at home to Everton on Sunday, failed to sustain the momentum of their first Champions League campaign in 21 years two seasons ago, but they could make it two years out of three if they get the required result. If those are the two teams on track to glueing themselves onto the pack, United look in the most peril in peeling off. The last time they made it to the Champions League in consecutive seasons was 2020-21 and 2021-22, but their failure to win the Europa League and access the top-tier competition via the back door, as Spurs have, means they will be without European football altogether for the first time in 10 years. Advertisement United are still the fourth-richest club in the world in terms of revenue, but others have caught up and the loss in Bilbao has put a financial hole of around £80million in an already hampered business. United have lost their fear factor while the Premier League's middle class begin to feel more ambitious than ever. With promoted teams finding it increasingly impossible to bridge the financial gap over one summer — all six have gone down the last two seasons — how many Premier League clubs will start August aiming purely to survive? Wolverhampton Wanderers? Everton? They have had to adopt that mindset the last few years but the latter has changed owner, built a new stadium that will lift revenues and put David Moyes back in place, hoping to recapture the spirit that saw them finish in the top eight every season between 2006-07 and 2013-14. Palace come closest, given they have finished between 10th and 15th, amassing between 45 and 49 points (possibly 52 this season), in every year of their 12-season stay in the Premier League, but it is still the longest unbroken stretch in the league and they now have the belief that comes with a trophy. Simply existing used to be the case but not now, especially given exactly half the league could be competing in Europe next season. Liverpool, Arsenal and Spurs will be in the Champions League, joined by three of Manchester City, Newcastle, Chelsea, Aston Villa and Nottingham Forest. Chelsea are guaranteed Europe in some form but if they win their Conference League final and finish seventh, an additional spot opens up for the eighth-placed team, which would see one of Brighton and Brentford enter the stage. If the latter get a taste of European football for the first time in their history, it will mean that, of the 17 Premier League teams who will not be relegated this season, only Fulham and Bournemouth will not have played in Europe since 2017-18, when Everton were last in the Europa League. Advertisement Palace, West Ham and Newcastle all ended major trophy droughts in the last two years, too. If Chelsea do not secure a top-five spot, it will mean that half of the 'Big Six' fail to make those places this season. How many times does the order need to be upended before the tag is officially dead? 't's true to say that now,' says a Premier League sporting director, speaking anonymously to protect relationships. 'Especially when we see the financial mess Manchester United have. We are talking about a new top 12 as opposed to an old top four or six. That group of 12 and maybe 14 will become the ones who consistently fight to be in the top six or eight.' If that comes to fruition and European football is no longer guaranteed for the traditional big teams, it would go a long way in breaking the revenue gap that has provided a competitive buffer. United's decline this season is extreme, but a bad year for one of the big boys would usually be written off as an anomaly, remedied by hoovering up talent from smaller clubs. Sir Alex Ferguson made it almost compulsory to go and sign the top scorer or best player in the league as a show of strength. If they weren't improving you, they were at least weakening their opponents. Profit and sustainability rules have played a part but the little guys do not see why they should remain halfway down the food chain anymore. The mid-table teams have put together their best squads for several years without needing to sell, a luxury engendered by a boom in broadcast revenue. Palace have kept Marc Guehi and Eberechi Eze, while Forest, the breakout team of this season, have a list of players attracting major clubs in England and Europe. Morgan Gibbs-White, Murillo, Anthony Elanga, Elliot Anderson, Callum Hudson-Odoi and Nikola Milenkovic are all worth big money. Advertisement It is possible that a few could go this summer but, as is increasingly the case, none have buy-outs in their contracts, which offers the club protection and the ability to drive a hard bargain. Could it be that the hierarchy is already dead? 'I think so,' Arsenal manager Mikel Arteta replied when asked by The Athletic this month. 'The level has gone, again, to something bigger than what we experienced in the previous twelve months. I know a lot of the coaches and we had discussions about that as well. 'It's frightening the way it's evolving, how competitive it is coming, how difficult it is to win. The margins really for whether you win or not in the Premier League are incredible. Nxt season is going to be even more difficult. 'If you ask any manager at the end of the season, 'Can you promise to be in the Champions League next season?', I don't know who is going to say yes. That tells you the story.' It is the consolidation of the Premier League middle class and the condensing of the league as a whole. Between 2009-10, the start of the 'Big Six' era, and 2017-18, the team finishing 10th never accrued more than 50 points (average 47.3 points). Since then, including this year with 10th-placed Fulham already on 54 points, it has happened six out of seven seasons (average 53 points). At the same time, the occupier of what used to be the final Champions League spot in fourth place averaged 71.7 points in that first period, compared with 68.5 in the last six years. The average points gap between fourth and 10th was 24.4 in the first period but only 15.5 since, with the current gap between Newcastle and Fulham just 12 points. Within that, the peloton of five teams competing for the Champions League are separated by only three points, while the group of Brighton, Brentford, Fulham, Bournemouth, Palace — the poster boys of doing everything 'right' — are within six points of each other. Advertisement The presence of Pep Guardiola has stretched out the league in recent years as Manchester City averaged 91 points over the last seven seasons, but even they may be returning to a more human baseline (maximum of 71 points this season). The temptation has been to assume that one team must assume their dominance, but what if teams start winning with 'normal' points totals again? Given the breadth of the chasing pack, a less defined, open field may mean that 'doing a Leicester' no longer carries the shock value it did in 2016.
