Strasbourg, owned by BlueCo, recorded a record loss of €78.3 million in the last financial year. With revenues halved and a wage bill up 31%, Racing’s financial losses have multiplied by 5.5 in a single year, marking the worst financial results in its history.
by Kygoche
11 Comments
I wonder if they also made remarks about their past financial management…
Blueco is basically a serial loser
The real question is given how bad Clearlake are at running clubs which club will get screwed over the most by us signing Barco from them
I’m honestly not sure what to think of these. It doesn’t really prove or disapprove anything in regards to running a club for how things are going.
When does Blueco’s plan start to return
It’s all winning at BlueCo.
Yay non-financial analysts trying to make sense of club financials!
I’ve been working with my finance team long enough to know that I don’t know shit about business finance. I’m good with my personal finance, but I’ll stay in my lane.
Speaking of Strasbourg ; the fact that Gary O’Neil essentially has them right where Liam left them , playing just like how Liam left them , really draws in how overrated the job he did there actually was , if you can plug in a bottom tier premier league manager and nothing changes
Neither they are able to manage club and now buisness too
How have they managed to halve revenues?? I mean record losses don’t actually matter if the long term plan is to sell the asset at a profit but halving revenue is a pretty bad sign
What’s worrying about this model is profit being based on player sales, not success. Abramovich was solely relying on success, and any loses endured were replaced by himself. Though FFP and regulations are different now so the club suffers instead of the owner, blueco will sell our players regardless of long term benefit to success.
We’re essentially human trafficking, it would not surprise me to see bids for estevao, palmer, and colwill be accepted once they’ve established a high value. The profit is the priority now