Football’s Secret Credit Card

[@CarlosDeSanta]

It’s unsustainable in the long run if clubs keep borrowing bigger and bigger fees as they’ll simply be too much debt to manage

[@clickbait3753]

Barcelona:

[@inahole2678]

Clubs have no choice if they want to compete with Oil state clubs

[@Elliot-T]

It's all gonna end some day, probably a good few decades if not a century or two left though.

[@matthenley3886]

That’s what FFP is meant to prevent.

[@RandySnortin]

Utd is gonna end up the same

[@AnonNomad]

If you got rid of financing and third-party lenders, football would suddenly become much more interesting and chaotic.

[@somebody6039]

For everything else, there's Mastercard.

[@samuelfinkelstein804]

There needs to be a salary cap! That would change the game!

[@JohnKobaRuddy]

I've said it many times and I'll keep saying it, but when footballs financial bubble bursts it will destroy many many clubs and some will be top flight clubs.

[@shatterfall_hunted8236]

All and all this just shows that clubs that put a heavy emphasis on their scouting and talent developement will end up overtaking some clubs that go the usual route. The fact that clubs like Benfica have managed to make in the last 10 years almost 450m euros profit just from transfers is astounding and i use Benfica mainly because i have a personal experience with their scouts. I live in Greece and my best mate is a footballer and is a proffesional (18 years old just started in the 3rd division), 2 years ago when he was 16 and was still in the academy of a team in the 2 division of the national league some Benfica guys came in and basicly set up a 14 day trip for 20+ youngsters ages 13-18 to come to Benfica's training facilities in Portugal , from what he heard and also been told Benfica does this on the regular all over europe and usually there is a contract made regarding the trip that also includes a clause were Benfica can request players to individually go for 2nd or 3rd trials there. I dont write this to praise Benficas or any clubs talent developement plan but since i got the story might aswell use it for extra context to what i mean cause in a world where most clubs are gonna be selling their assets one by one to try and stay ahead some clubs are just gonna come around and take their place with an already talented line up plus all the extra money they got as profit , either that or you are PSG, Newcastle or Man City and your owners do sports washing so they are forced to spend now that they started but who cares they got infinite money.

[@thibautnarme6402]

Thing is such route to economic success is major gamble though. True it is cheaper to acquire talent early and the earlier the cheaper the acquisition. but it is also riskier, how many of those youngster will be worth anything 10 years from now (which of course also assume your team can sustain said costs for 10 years). Big buck talent cost cost so much because it is certain, everybody knows those players are good, you're paying for what you get...

[@tanay3627]

You were absolutely correct until you mentioned City in the same breath as PSG who are the real sports washers.

[@Kimera794]

Thanks for the insight!

[@YusufEbr]

Fair enough but the best want to play in the best leagues. They making money by selling to the big boys. Sustainability and profitability is all good and well but the leagues don’t change in status. Clubs should strive for longevity but to get to that huge level takes a lot

[@mmw4990]

That's how every team works. They offer trials to young players from different countries

[@TheRadYT]

So Man UTD is literally credit card UTD

[@soso-V12]

What is that nonsense ? 🤨

[@Frivty39]

800 million pound of debt is what it is

[@anibaban2002]

​@@soso-V12United is the biggest money making cow in football business...They generate the highest amount of revenue..and their owner just milk it..that's the sole reason why United fans hate glazers and want them out

[@anibaban2002]

@@hypie88 u get the point what I mean...so that's it

[@soso-V12]

@@anibaban2002 Thank you Captain Obvious, we all know that. You missing the all point.

[@T.E.S.S.]

I was hoping for an actual physical card tbh

[@jdalbion]

Also, those same companies will approach clubs that sell players and offer them instant money for a fee. For example club sells a player for 50m euros. But ofc it's not an instant 50m euros, but in few installments, so financial company will offer for example 45m euros in cash, and they take over those 50m in installments.

[@TheGooner128]

I like how you can tell when Joe Devine was on holiday two weeks ago.

[@DavidLimofLimReport]

Finance companies are just so dodgy. High interest rates and very shaky financials compared to a bank.

[@TehDMBfan]

They're basically loan sharks but with a GDP of a small country

[@TehDMBfan]

That's not to say banks aren't dodgy, they are often the first

[@davidbivad123]

Thats why Bayern Munich is so impressive! They are the only one of the top clubs who doesnt have any debts.

[@jimibaboza]

Very easy not to have any debts if you just take players from pother German clubs at knock down prices.

[@timm.7988]

@@jimibabozaYou have 0 idea of what is happening on the German transfer market if you‘re making that claim (e.g. Dortmund is ahead of Munich in buying Bundesliga players)

[@madaxwayne]

@@timm.7988 dortmund buy quantity and low quality bayern the very best

[@robert2690]

@@timm.7988 Because its true. The German league is basically Bayern’s feeder system. Bayern will keep winning because there’s no competition because Bayern spends more money than their competitors. The only solution is have sugar daddy owners.

[@Geokinkladze]

Man City are debt free. In fact I'm sure there are more debt free clubs than many people think. Now if you're gonna at me with the debts of the companies who own City's shares then I want proof that all of Bayern's shareholders are also debt free.

[@DanielHord-ri8sq]

Please bring back the old tifo voice

[@pepeowen]

The big problem is that so long as this sort of conduct is allowed some teams can spend billions whilst others struggle to find talented players. Real Madrid are a great example. They have contained a lot of their spending due to the heavy investment into a new stadium. But now they have to seriously think about overspending or they will fall behind other big European clubs.

[@RandySnortin]

They are in a good position , up there with Man City Bayern and Arsenal

[@davidvalencia129]

Yep and even real Madrid had to seek for monetary moves similar to the ones mentioned in the video. The have gotten a 68M grant from the Madrid Autonomous community, and the sold 30% future revenue of the stadium to Legends and Sixth street.

[@T.E.S.S.]

Have you seen the players they signed in the last 2 years 😂 They're doing alright

[@joselopez2901]

@@RandySnortin their net spending over the past 5 to 10 years is way lower than Arsenal or Man City.

[@joselopez2901]

@@T.E.S.S. Their net spending is one of the lowest in the past 10 years. Bellingham is a bit of an exception for an expensive signing lately but I would argue he is talented enough to warrant that price tag. If you see what RM have been doing they have had to resort to intensive scouting in South America to bring future talent (Vinicius, Valverde) or bring future talents (Camavinga?). They have been very cautious not to overspend due to the significant expense of the new stadium.

[@cbwilson86]

Now the big question is, which company did they use? As they may have a card with millions of loyalty points 😂😂

[@heisenberg8083]

Can use those points to buy gift cards

[@cx3929]

Tifo Football should do a video about "Sponsorship" money for clubs like Man City.

[@champagnerocker]

shhhh nothing to see here.

[@MoviesEater]

They have.

[@Queinty]

Didn't know Ronnie Barker had come back to life as a financial adviser.

[@user-in7hz1nu8l]

Various banks have specialist asset finance divisions for player finance

[@MrReese]

I have never bought anything I didn't have the money for and that my friends is how you stay out of crippling debt. It is also how you stay healthy as a club.

[@AC_DC12]

Unsustainable… the clubs trying to make profit whilst still able to compete will do very well if the bubble bursts. Even oil money want a return on their investment, they’re just more patient and see the direction of football, higher and higher TV rights mixed with exclusive deals like club streaming games. But then, ultimately, will the bubble ever burst… surely any “debt” of that size just gets passed on to the fans.

[@Subsbench]

Got a bit of a retro gaming theme going on this video, with the old Atari near the start, and the hearts from the original Zelda floating across the screen near the end 👍

[@martincooper9982]

At 3.19, you say that they have helped close to over 110 transactions, when the graphic says they’ve helped close over 110 transactions… you’ve mixed up the comparative and the finance industry definitions of ‘close’.

[@shakiMiki]

Where's the real dude?

[@adomaskn]

My question also😁

[@SeanDiRocco1]

This is cool and all but can we not just get the old tifo podcast back 😢😢 Viva Joe Devine

[@adomaskn]

Is it just me or is this narration considerably too fast? No pauses and fast talking makes this video not feel like a chill Tifo explainer

[@sevret313]

These loans seems to only be necessary as the loans drive up the cost of new players.

[@shenhue7041]

In the End ... More profits for the already Rich and the Fans will pay for it in the long run....

[@DahunsiTemitope]

Love your football finance videos

[@burninggamer5061]

I wanna see this in FM

[@Snookbone]

Finally, a narrator who can pronounce "transfer" properly.

[@nickcarter6949]

Where’s Joe?!?

[@Ese96Agoaye]

2:50 Unless you're Fulham Football Club

[@KingKrauza]

oh yeah let the inflation bubble pop. like anything good came out of money loaning

[@nathanngumi8467]

Very informative, thanks!

[@ritwikmitra1973]

Hey, Ive taken a project on football finance. Could you guide me on information sources?

[@mofenyimasisi]

Joe?

[@TMZahida226]

Payday loans for football clubs? What could go wrong? 😅

[@user-nz9uy4cx5d]

Use the old sound

[@zapre2284]

Manchester City and the magical 115 charges for FFP?

[@kenllaney]

The Glazers not so secret method of buying Man Utd

[@md.abdullaalwailykhanchowd3974]

Why did I saw destroy rather than deploy!?

[@MichaelGGarry]

So when the bubble bursts, it will be disastrous.......

[@jinz0]

just get some rich arabs like man city

[@brianchinhamora5599]

I`ve always wanted to know what would happen to a club that wins the UCL but somehow finishes in a relegation spot(Video idea?)

[@DavidLimofLimReport]

Ermm. Nottingham Forest or Hamburg?

[@danielx3972]

They still qualify for the following tournament. It changed when Liverpool won it and finished 6th in the League. The Champions always defend. Would be interesting if a club managed to get relegated and Win UCL. Man utd this year have a chance

[@ita6444]

That has already happened in a different way. Wigan Athletic won the FA cup and got relegated in 2012/13 so the next season they payed in the championship, the Europa League and the community shield

[@stephenpalmer9375]

@@ita6444 though it use to be that if a team won the league cup and got relegated they would forfeit the European place earned. I believe that has been changed. In fact I think only a Top division club would get a European place that way.

[@dzemilmehovic5271]

​@@DavidLimofLimReportthey didnt finish in relegation spot when winning CL lol. Hamburg won Bundesliga in same year when they won CL and Forest finished 2nd and 5th in those 2 seasons thry won it

[@PatrickVS101]

Macquarie giving finance to relegation candidate Burnley is the most Australian thing ever... Late to the party and weird choice

[@serxhob7399]

Its not a terrible choice cause of parachute payments, even in worst case scenario (relegation), Burnley still have fixed income that Macquarie could claim

[@PatrickVS101]

@@serxhob7399 Yeah, in hindsight and with a bit of reading it's probably a good time to buy Macquarie stock

[@gavinperry8433]

It's strange how all this is a result of neymar transfer

[@mojomaze]

I liked the video, thought the intonation and phasing of the narration wasn't up to usual standards

[@WTyrahcaZ]

Man united and Chelsea make up half of this year lol

[@IamMalkavian]

Most big clubs are run like trash , with directors and owners that are either both clueless or down right arrogant idiots . they essentially gamble upon results , hoping for competition money to sustain them , keeping their finances in a constant state of flux of money coming in and going out , but never staying. very few clubs are run well as actual businesses (eg Bayern ) . Worst offenders are clubs like Barcelona , who honestly have no right to continue existing at all with the way they are run and they debts they have hanging over them. FFP is a complete failure and is completely useless as a deterrent . football would be better off if these clubs collapsed , removing their toxic influence upon transfer markets and stranglehold on tv rights ect.

[@suryac850]

Simple solution is to produce players from your own academy.

[@agarnacho17]

The Glazers abuse this rule

[@ramzankamoto4406]

cool little vid

[@DolfoLicks]

I wonder what will happen...

[@12000gp]

Close to over 110. How does that one work?

[@skunkpirates]

He misread the text on the screen. They close the deal

[@oscarx-ray3545]

Should have been "help close (as in finalise) over 110 deals".

[@YoM1key]

Money

[@mosesbaraka3355]

Clubs need to go back to using their academies more

[@aramdeara1]

Time for a bubble 🎉

[@itspaintosee]

Money is not real anymore bruh

[@Hina-sikander]

Good

[@jamesbunda806]

The entire world runs off debt

[@qasimzulfikar8749]

Bring back the other voice please

[@danielstacey4116]

Not a fan of this voice to be honest

[@adomaskn]

What did you not like about it? For me it was too fast and no pauses were made, the voice itself was okay I guess

[@wiplesz]

What is bulb on about? What happened to the other bloke?

[@duran9664]

❌Sate-owned clubs don’t care about finance or monetarily loses, stupid❌

[@aezaztanveer1764]

Where is Joe

[@HaseebBhatti-qs6ds]

Nice

[@kunzy_wpr]

The narrator is half of the story.

[@hollewday7322]

Joe 😢

[@atufanajaf3045]

LAM is acam

[@phoenix5054]

EPL will always beat the NFL in terms of numbers of brokie fans, but NFL will always be more profitable than the EPL.

[@robert2690]

That’s not that much so as long as millions of American live paycheck to paycheck. NFL will eventually not become profitable anymore. NFL’s viewership and ratings speaks for itself. When is the last NFL reached their peak viewership?

[@phoenix5054]

@@robert2690 Man Utd revenue peaked while NFL revenues and profit is growing. EU isn't growing too, and let's face it, African and South American fans will not go to UK to watch a game or buy an authentic merch. NFL > EPL finance-wise ALWAYS.

[@josecipriano3048]

​@@phoenix5054why are you talking about Utd, like it represents all clubs? People go from everywhere to watch PL matches. What you won't see is an African or an European going to America to watch lame rugby.

[@phoenix5054]

@@josecipriano3048 The least profitable NFL team (Buffalo Bills, $65M) is literally more profitable than the most profitable EPL team (Man City, $59M). Simple facts. European league "soccer" fans are probably literally 98% peasants and probably 2% can afford the games or the merch.

[@chris94kennedy]

tifo decline

[@akamiguelsanchez9985]

Oh Jon, you tried 😬

[@JBONMETUBE]

Boring ...

[@kartikeydoshi]

can i say first

[@Viewer41]

🙋‍♂️🙋‍♂️ Question for De Gea Fanboys! If he was so good, why does NO ONE WANT HIM 4 months AFTER he became free??? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 But...but...but.... its the money.... If he was as good as the fan boys say, then clubs WOULD pay the money.

[@thatayrellguy3023]

1. He is an old player 2. Past his best 3. He is not a modern day Goalkeeper 4. He could still demand a pretty high salary

[@Know_Clu]

How does this relate to the video in any way?

[@BigDeyum]

He's still Better than Onahnah

[@AC_DC12]

Mentioning De Gea in a comment totally unrelated… we’ve found our De Gea fan boy… 😂

[@mosesbaraka3355]

This is not the place for the question.

[@chiefsdad]

Football is broken

[@NazishAamir-rq9uy]

Nice