jose - soccer

Manchester United’s dominance of English football, on and off the pitch, is underlined today with the release of a financial survey that shows a £45m leap in United’s year-on-year income. Thanks in large part to last season’s Premier League and Champions League double, United’s turnover grew by 21 per cent in the 2007-08 season to £257.1m. This makes United by far the highest-earning club in Britain, ahead of Chelsea (in second place, with income of £212.9m in the same period), Arsenal (£209.3m) and Liverpool (£167m).

The figures are revealed in the latest Football Money League report by Deloitte, in a survey that shows Real Madrid remain the world’s richest club in terms of revenue, ahead of United in second, then Barcelona, Bayern Munich and Chelsea. Only a drastic slump in the value of sterling has prevented United from reclaiming the title of “world’s richest club” from Real. Real Madrid’s income for 2007-08 rose a relatively modest four per cent to 365.8m euros, or £289.6m when converted at the June 2008 exchange rate of £1 = 1.2632 euros. United’s income at the same rate equated to 324.8m euros. But sterling has crashed significantly, and if Deloitte had used the same exchange rate as in their previous report (£1 = 1.4856 euros, from June 2007), United’s latest income would have been 381.9m euros against Real’s 365.8m euros.

One of the most intriguing aspects of today’s report is that Deloitte, rather than the clubs themselves, has become the vehicle of choice for headline income figures to be released. United will provide more details of their results in due course, including data on large profits, but Chelsea are expected to remain conspicuously quiet this week about their own results. A press conference and briefing, scheduled for Friday, has been indefinitely shelved, and it is understood that this is partly because of the sacking of Luiz Felipe Scolari. His pay-off, of around £7.5m, would not have been in the 2007-08 accounts but would have prompted embarrassing questions about Chelsea’s huge and ongoing losses.

An annual loss of £74.8m in 2006-07 on turnover of £190.5m meant the club had posted cumulative losses of £384m in four years. Haemorrhaging of money at such levels has always heaped ridicule on the long-standing claims of Chelsea’s chief executive, Peter Kenyon, that the club can break even by 2010. Yet further losses in the tens of millions are expected in the 2007-08 figures. And combined with the latest change in manager and wobble in form (and the financial ramifications of both) any suggestions of financial self-sufficiency soon are hollow jokes, as, increasingly, are Kenyon and Roman Abramovich themselves.

As the Deloitte report points out, Chelsea’s annual income growth of 12 per cent (£22.4m) in 2007-08 was driven mainly by increased TV cash, “but the club needs new successes with its match day and commercial revenues to deliver future growth and keep pace with its biggest European rivals.”

1 (1) Real Madrid £289.6m
Real Madrid's 4 per cent revenue growth is more modest than recent years, but the club have doubled their revenues since 2002

2 (2) Manchester United £257.1m
Manchester United's success in winning the Premier League and Champions League has contributed to significantly-increased revenue in 2007/08, but the depreciation of the pound against the euro means they remain in second position.

3 (3) FC Barcelona £244.4m
Barcelona's revenue increased by only 6 per cent.

4 (7) Bayern Munich £233.8m

5 (4) Chelsea £212.9m
Chelsea enjoyed a rise of 11.5 per cent.

6 (5) Arsenal £209.3m
Arsenal enjoyed a rise 18 per cent

7 (8) Liverpool £167.0m
Liverpool have gone up a place to seventh with a 25 per cent rise in turnover.

8 (6) AC Milan £165.8m

9 (11) AS Roma £138.9m

10 (9) Internazionale £136.9m

(source: independent.co.uk)

Bookmakers in England have moved quickly to install current Russian national team coach Guus Hiddink as the favourite to take over from Luiz Felipe Scolari, today sacked as Chelsea manager, at Stamford Bridge. Bookmakers Ladbrokes are quoting the Dutchman at odd of 5/2 to be the next Chelsea gaffer. However, the coach himself 'dead-batted' suggestions by reporters that he was in line to take over from the Brazilian in west London, as he works with his Russian squad at a warm weather training camp in Turkey. "I have no news for you," the Dutchman told Reuters earlier. "I'm not concerned with what has been said about me elsewhere, I'm working here now."

Guus Hiddink was announced as Chelsea's interim manager this week, and yesterday he attended his first training session since arriving at his new club. The Dutchman took plenty of positives from his orientation day at Cobham, but he also identified the need to unify the 'team' he has inherited from Luiz Felipe Scolari. "They are very committed, I have seen them training but sometimes you can have a little bit of a different approach to get even more efficiency out of the players," Hiddink told Chelsea TV last night. "That's what I'm aiming for and if you can add those individuals together and make a team, then everyone can bring a little bit more. "I don't like to give anyone much time, not me and not the players. It is too easy to talk commitment because everyone has an obligation to be committed, but in the tactical and the strategic approach during the game we might gain some profit."

Guus Hiddink was this week announced as Luiz Felipe Scolari's successor in the Chelsea hot-seat. With the Blues lying fourth in the Premier League standings, the Dutchman faces the unenviable task of resurrecting a richly talented but under-performing team's season. How will his successes and failures over the years influence his reign at Stamford Bridge?

As mentioned earlier, the league title is all but off the cards for the London giants. Thus, Hiddink will have to gear his squad for European success. In his favour is his relative success with national teams in knock-out tournaments. No, he's never actually won the World Cup or the European Championship, but he's taken some middling teams a heck of a long way.

However, Chelsea aren't exactly an Australia or a South Korea. The quarter-finals or the semis mean nothing to a club who have come to expect trophies season after season. They are yet to win the Champions League, and it is the one crown Abramovich wants more than any other.

Hiddink's done it before, of course, albeit not in the modern format. But that was as a young up-and-comer building his reputation. As an experienced, well-travelled trainer who's been focused on 'project teams' over the past few years, it is hard to say how he will handle this sudden return to the elite level of club football.
(source: goal.com)

All of Italy is reporting it now. At first it was just a crazy rumor. Nobody believed that Kaka would leave Milan for Manchester City. But now it’s slowly becoming official. According to Italian press reports (including Milan Channel, Milan’s official TV station), Milan have accepted Manchester City’s 120 million euro offer for Kaka. Kaka’s father has flown to Manchester to negotiate terms and once that is complete Kaka will be a Manchester City player. Yes, you’re reading right, Kaka will become a Manchester City player. Nobody expected this, but this truly shows the power of money in modern day football. This is similar to Juventus’ sale of Zidane to Real Madrid a few years back, where they didn’t really want to get rid of him, but the offer was too good to refuse. Same scenario here. With 120 million euro, Milan can makeover their whole squad, and fix all the areas of the team that need fixing. The way I see it Kaka doesn’t want to leave Milan, but he knows 120 million can really help the club he loves and he always stated how he’s fascinated by the EPL (he speaks fluent English as well). We’ll see how this all unfolds tomorrow, but right now it’s looking like Kaka is a Manchester City player.

It is being reported in the English tabloid press that Kaka is now expected to join Manchester City next week - though more through pressure than preference. Early editions of Saturday's Daily Mirror claim that Kaka has been "railroaded into accepting the £108 million move."

According to Mirror Sport, the Milan and Brazil playmaker bid an emotional farewell to club coach Carlo Ancelotti when he left training on Friday, and is unlikely to figure in the Rossoneri's Serie A clash with Fiorentina at the San Siro on Saturday night.

It remains to be seen how accurate this report is, but the paper, on its online version, says Kaka's love affair with the Milan club is over, adding that the blow will be softened by a £10m signing-on fee and a £15m-a-year salary. It also says that Kaka’s father and chief adviser, Bosco Leite, will hold talks with City officials in Milan on Monday, but reports claims from the Middle East that Kaka has already agreed to the transfer with Manchester City’s Abu Dhabi-based owners.

Despite the astronomical amounts of money being offered, former World Player of the Year Kaka, 26, is said by Mirror Sport's sources to be unhappy about the move, feeling that he is being pressurised into leaving a team he helped win the Champions League in 2007 for one embroiled in a battle to avoid relegation. City's last major trophy was the 1976 League Cup. Earlier this week Kaka revealed that he hoped to “grow old” with Milan, to whom he is contracted until 2013.

(source: goal, italy.theoffside.com)