SwissRamble
@swissramble.bsky.social
Brit blogging about the business of football. You can find my detailed analysis at https://swissramble.substack.com/
Real Madrid's revenue has shot up in the last few years. They are the only football club to have exceeded a billion Euros in revenue to date. Moreover, the club has budgeted a further 5% increase this season to €1,248m.
December 4, 2025 at 8:24 AM
Real Madrid's revenue has shot up in the last few years. They are the only football club to have exceeded a billion Euros in revenue to date. Moreover, the club has budgeted a further 5% increase this season to €1,248m.
The latest positive result means that Real Madrid have reported profits every year since 2000. In the last 10 years this added up to almost exactly a quarter of a billion Euros (before tax).
December 4, 2025 at 8:24 AM
The latest positive result means that Real Madrid have reported profits every year since 2000. In the last 10 years this added up to almost exactly a quarter of a billion Euros (before tax).
Despite a less successful season, Real Madrid managed to increase their pre-tax profit by €11m (57%) from €20m to €31m. Revenue rose €112m (10%) to a staggering €1,185m, largely offset by higher costs, linked to the stadium becoming fully operational.
December 4, 2025 at 8:24 AM
Despite a less successful season, Real Madrid managed to increase their pre-tax profit by €11m (57%) from €20m to €31m. Revenue rose €112m (10%) to a staggering €1,185m, largely offset by higher costs, linked to the stadium becoming fully operational.
Deep dive into Real Madrid's financial results for 2024/25, when they finished second in La Liga, were Copa del Rey finalists, while reaching the quarter-finals of the Champions League and semi-finals of the FIFA Club World Cup #RealMadrid
December 4, 2025 at 8:24 AM
Deep dive into Real Madrid's financial results for 2024/25, when they finished second in La Liga, were Copa del Rey finalists, while reaching the quarter-finals of the Champions League and semi-finals of the FIFA Club World Cup #RealMadrid
All the way from Australia 🇦🇺, here’s Royel Otis at Halle 622 in Zürich 😎
December 2, 2025 at 9:34 PM
All the way from Australia 🇦🇺, here’s Royel Otis at Halle 622 in Zürich 😎
Milan will look to offset the lost UEFA revenue by player trading, where the €99m profit they generated in the last two seasons was more than the previous ten years put together #Milan
December 1, 2025 at 8:26 AM
Milan will look to offset the lost UEFA revenue by player trading, where the €99m profit they generated in the last two seasons was more than the previous ten years put together #Milan
The improvement in Milan's bottom line owes a lot to Champions League money, so their failure to qualify for Europe this season will hit them hard #Milan
December 1, 2025 at 8:26 AM
The improvement in Milan's bottom line owes a lot to Champions League money, so their failure to qualify for Europe this season will hit them hard #Milan
The picture looked a lot better off the pitch, as Milan posted a pre-tax profit for the third year in a row, though this reduced slightly from €12m to €10m (€3m after tax) #Milan
December 1, 2025 at 8:26 AM
The picture looked a lot better off the pitch, as Milan posted a pre-tax profit for the third year in a row, though this reduced slightly from €12m to €10m (€3m after tax) #Milan
Review of Milan's financial results for 2024/265, when they finished 8th in the league and were finalists in the Coppa Italia final. On the plus side, they won the Supercoppa Italiana, but were eliminated in the Champions League knockout round by Feyenoord #Milan
December 1, 2025 at 8:26 AM
Review of Milan's financial results for 2024/265, when they finished 8th in the league and were finalists in the Coppa Italia final. On the plus side, they won the Supercoppa Italiana, but were eliminated in the Champions League knockout round by Feyenoord #Milan
Absolutely sensational gig by Lorde at a sold out Halle 622 in Zürich tonight 🔥
November 30, 2025 at 10:05 PM
Absolutely sensational gig by Lorde at a sold out Halle 622 in Zürich tonight 🔥
The Premier League clubs have voted (just) to replace the much maligned Profitability and Sustainability Regulations (PSR) with the Squad Cost Ratio (SCR), Here's a detailed look at how the new rules will work and the implications for each of the clubs.
November 28, 2025 at 8:10 AM
The Premier League clubs have voted (just) to replace the much maligned Profitability and Sustainability Regulations (PSR) with the Squad Cost Ratio (SCR), Here's a detailed look at how the new rules will work and the implications for each of the clubs.
Great gig from Tom Odell at the Hallenstadion in Zürich tonight 🔥
November 26, 2025 at 9:52 PM
Great gig from Tom Odell at the Hallenstadion in Zürich tonight 🔥
Rangers’ wage bill fell £3.4m (6%) from £61.2m to £57.8m, the lowest for three years. This was the second season in a row that wages have been cut, so they have come down 10% from the £64.0m peak #RangersFC
November 24, 2025 at 9:01 AM
Rangers’ wage bill fell £3.4m (6%) from £61.2m to £57.8m, the lowest for three years. This was the second season in a row that wages have been cut, so they have come down 10% from the £64.0m peak #RangersFC
Rangers’ revenue has grown by an impressive £41m (77%) in the last six years from £53m to £94m, which is a new club record. New highs in gate receipts and commercial #RangersFC
November 24, 2025 at 9:01 AM
Rangers’ revenue has grown by an impressive £41m (77%) in the last six years from £53m to £94m, which is a new club record. New highs in gate receipts and commercial #RangersFC
Rangers' pre-tax loss narrowed by £2.4m (14%), but it still came in at a hefty £14.9m. They have lost £116m in the last decade, including £32m in the last two years alone #RangersFC
November 24, 2025 at 9:01 AM
Rangers' pre-tax loss narrowed by £2.4m (14%), but it still came in at a hefty £14.9m. They have lost £116m in the last decade, including £32m in the last two years alone #RangersFC
Review of Rangers' financial results for the 2024/25 season, when they were runners-up in the SPFL Premiership behind Celtic for the fourth year in a row. They were finalists in the Scottish League Cup, while also reaching the quarter-finals of the Europa League #RangersFC
November 24, 2025 at 9:01 AM
Review of Rangers' financial results for the 2024/25 season, when they were runners-up in the SPFL Premiership behind Celtic for the fourth year in a row. They were finalists in the Scottish League Cup, while also reaching the quarter-finals of the Europa League #RangersFC
Looking at the Premier League in last 10 years, operating activities provide a third of total funds with a similar amount from player sales. Owners provided 27% with 8% from external debt. Around 3/4 of cash was used on player purchases with 20% on infrastructure investment.
November 20, 2025 at 8:33 AM
Looking at the Premier League in last 10 years, operating activities provide a third of total funds with a similar amount from player sales. Owners provided 27% with 8% from external debt. Around 3/4 of cash was used on player purchases with 20% on infrastructure investment.
Today's blog looks at the different business models employed in the Premier League, as there is a wide divergence in how clubs source their cash and indeed what they spend it on.
November 20, 2025 at 8:33 AM
Today's blog looks at the different business models employed in the Premier League, as there is a wide divergence in how clubs source their cash and indeed what they spend it on.
Norwich’s revenue has dropped by a hefty £95m (71%) from the club record £134m three years ago in the Premier League, almost entirely due to lower TV rights deal after relegation #NCFC
November 17, 2025 at 8:32 AM
Norwich’s revenue has dropped by a hefty £95m (71%) from the club record £134m three years ago in the Premier League, almost entirely due to lower TV rights deal after relegation #NCFC
Norwich have long been regarded as a club that tries to operate sustainably, posting a profit in seven of the ten seasons up to 2020/21. However, they have lost money in all four years since then, adding up to £86m in that period #NCFC
November 17, 2025 at 8:32 AM
Norwich have long been regarded as a club that tries to operate sustainably, posting a profit in seven of the ten seasons up to 2020/21. However, they have lost money in all four years since then, adding up to £86m in that period #NCFC
Norwich City’s pre-tax loss widened from £14.4m to £20.7m, mainly due to a steep reduction in revenue, which dropped £33.8m (46%) from £73.1m to £39.3m after parachute payments stopped. Partly offset by higher player sales and cost cutting #NCFC
November 17, 2025 at 8:32 AM
Norwich City’s pre-tax loss widened from £14.4m to £20.7m, mainly due to a steep reduction in revenue, which dropped £33.8m (46%) from £73.1m to £39.3m after parachute payments stopped. Partly offset by higher player sales and cost cutting #NCFC
At a time of much change for Norwich City, a review of their financial results for the 2024/25 season, when they finished 13th in the Championship #NCFC
November 17, 2025 at 8:32 AM
At a time of much change for Norwich City, a review of their financial results for the 2024/25 season, when they finished 13th in the Championship #NCFC
Great gig from the fabulous Sadie Jean at Papiersaal in Zürich tonight 🔥
November 16, 2025 at 8:55 PM
Great gig from the fabulous Sadie Jean at Papiersaal in Zürich tonight 🔥
To highlight Barcelona's new found frugality, their €490m gross transfer spend in the last five years was less than half of the €1.2 bln in the preceding 5-year period. Indeed, net spend in the last two years was just €3m.
November 13, 2025 at 8:34 AM
To highlight Barcelona's new found frugality, their €490m gross transfer spend in the last five years was less than half of the €1.2 bln in the preceding 5-year period. Indeed, net spend in the last two years was just €3m.
Barcelona set a new revenue record of €916m, overtaking €852m pre-pandemic peak, despite playing at the Olympic Stadium, mainly due to significant commercial growth.
The club's revenue definition of €994m includes €43m gain on player sales and €35m provisions movements.
The club's revenue definition of €994m includes €43m gain on player sales and €35m provisions movements.
November 13, 2025 at 8:34 AM
Barcelona set a new revenue record of €916m, overtaking €852m pre-pandemic peak, despite playing at the Olympic Stadium, mainly due to significant commercial growth.
The club's revenue definition of €994m includes €43m gain on player sales and €35m provisions movements.
The club's revenue definition of €994m includes €43m gain on player sales and €35m provisions movements.