|Photo from the Guardian|
After an amazing season in the Premier League it’s now time to start reflecting on a superb experience. First up are the awards picking out a few points from the season. The awards are entirely subjective and not formed through consultation and aren’t necessarily backed up with facts. However, (where applicable) further end of season articles will serve to cover the whys, wherefores and the greater detail etc.
TD Blackpool player of the season
- David Vaughan
- Stephen Crainey
- Ian Evatt
Alex McLeish employed a restrictive diamond formation both home and away against Blackpool and the upshot was the the centre space was virtually eliminated and Blackpool were too slow to react to find space elsewhere. McLeish was the first manager to clearly spend time thinking about playing Blackpool and it paid off reducing Ian Holloway’s men to two stale performances.
Reactionary tactical move of the year by an opposition manager
Mick McCarthy win this one in moving Michael Mancienne to right back to counter the threat of Luke Varney from Blackpool’s long diagonal balls. McCarthy sent his team out at Bloomfield Road with Kevin Foley at right back and Michael Mancienne in a holding midfield role. Blackpool enjoyed early success from that route and McCarthy was quick to change and it was a change that sparked a chain reaction, leading to the game being a close encounter as the match progressed.
Last throw of the dice award for manager who didn’t really know what to do
Owen Coyle spent the first half of the game against Blackpool at the Reebok seeing his 4-4-2 structure being exposed time after time. He didn’t seem to recognise what was going on until the second half when he decided to send on Martin Petrov, Rodrigo Moreno and Ivan Klasnic. Their passing as a team became better and eventually secured a draw, however, it was really ‘the kitchen sink’ treatment not by design, more through sheer panic. Still, it worked.
Best visiting player to Bloomfield Road
- Ryan Giggs – His speed and movement seemed to spark Manchester United in to life when the game was threatening to get away from them. Incisive, quick runs and thoughtful passing saw Blackpool opened up time after time.
- David Silva – his technical abilities are supreme, but the fact he ghosted around Bloomfield was a sight to behold. Space exists for Silva to fill. Enough said.
- Luka Modric – Just a brilliant footballer and didn’t deserve to be on the losing side at all at Bloomfield Road. Short, consistent passing all game long combined with a sense of when to make a break forward and get beyond the defensive line.
Hypnotic Passing Award
Luka Modric – see above. It was a privilege and pleasure to witness him pass the ball over 180 minutes this season.
The ‘surprised they were not relegated’ award
Bolton’s season was plastered together by two players. A brave statement which won’t be backed up here, but Stuart Holden’s energy held their flat midfield together at times, when he got injured Daniel Sturridge’s opportunism and desire to prove a point picked up some valuable points to keep them afloat.
Inexplicable tactical decision
At 3-2 up away against a good Premier League team may well require some tactical tweaks to contain, or you could try and keep the status quo. Ian Holloway chose to do something that went against his philosophy against Everton and did something that wasn’t thought through or drilled in training. He made two defensive substitutions, turning Blackpool in to a 5-4-1 and chaos ensued with Blackpool losing the match 5-3.
Stroke of genius award for innovation
Ian Holloway gets this to make up for the previous one. His decision to go to a 3-5-2 when 3-0 down to Wigan led to a much flatter midfield three and convinced him that he had to return to his midfield set up that guided them through the Championship.
‘The Turnaround’ award for team better than their previous attempt at playing Blackpool
When Blackpool romped home 4-0 at the DW Stadium earlier in the season Wigan looked disjointed and had their fragile confidence shattered by poor goalkeeping from Chris Kirkland. Oh, and they didn’t have Charles N’Zogbia. Martinez made a great decision in dropping Kirkland soon after and the re-integration of N’Zogbia, gave them a direct goal threat as well as unpredictability in the final third. When Wigan (complete with the Frenchman and Ali Al-Habsi in goal) came to Bloomfield Road in April they were a different side, dictated the game and looked like a team focused on their game plan and their greater plan of staying in the Premier League.
Award for taking men on with considerable ease
Opposition players are just obstacles for Carlos Tevez to get around. In doing so against Blackpool he just kept taking men out of the game making it very hard to defend against a very strong team.
The Red Mist award for taking man and ball
Gonzalo Jara – When you’ve just seen your side reduced to ten men with a debatable decision, the last thing you should do is take man and ball when the game is stuck in the corner and no danger is apparent. Not Jara, he acted first, thought last and then had a shower.
Pass of the season
Charlie Adam’s first time passing can sometimes be played out of the vision of some Blackpool players. Adam is likely to pass at any moment, over any range and at any pace. Adam’s first time pass away to West Brom was perfectly executed and showed vision and inspiration that becomes hard to defend against but easy to admire.
Blackpool goal of the season
- DJ Campbell v Spurs – This goal was a classic counter attack, fast running, clever touches, turning a defence on it’s heels and a composed finish by Campbell all combined with a little good fortune.
- Luke Varney v Wolves – Superbly struck volley stunning Wolves and most spectators at Bloomfield.
- Charlie Adam v Blackburn – At 1-0 up, Adam clipped a perfect free-kick out of the reach of Paul Robinson to make it 2-0 at Ewood Park.
Opposition goal of the season
David Silva’s turn and shot at Bloomfield Road was a sight to behold. Crafty, cunning, balanced and one of those goals that even the Blackpool players probably wanted to applaud.
Those were a few awards to remember just a small collection of memories of Blackpool’s season in the Premier League. Check back here later in the week for a few posts looking back at the season that was.Follow @Tanger_Dreaming
In the second of this two-part look at Blackpool FC’s finances from the financial year ending May 31 2010 we’ll examine more of how the club has conducted its business, and how the influx of Premier League money will impact the club in the future. Last time out we focused on:
- Losses and Negative Net Worth
- Increasing Turnover
- Stadium Development
- Player Wages
- Influx of Premier League Money
- The Future
The group’s total debt has obviously sharply increased from 2008/09 (£15.4m) to 2009/10 (£27.2m), but in order to understand this it is necessary to drill down into the debt in more detail. Creditors are separated into two categories in the accounts – debts due within one year (current liabilities) and debts due after more than one year (long-term liabilities). First we’ll analyse the current liabilities – these are shown below.
An increase in the group’s current liabilities from £10.9m to £19.4m at first seems alarming, but on closer examination isn’t perhaps so bleak, not least because the incoming Premier League money dwarves this figure. Included in the current liabilities is the aforementioned £5m promotion bonus, which while accrued during the 09/10 season was infamously not paid until August 2010, much to the chagrin of the playing staff who got the PFA involved to settle the dispute.
Another Oyston backed company is also owed money by the club – Zabaxe Limited – and the story surrounding this debt is not straightforward either. Zabaxe is owed in the region of £944k, a debt stretching back more than a decade. In 2000 this debt was converted to share capital in Segesta Limited, but in the past financial year this transaction was deemed to be avoided – essentially it has been decided that for whatever reason this should not have been allowed. Therefore the original debt has been reinstated, and the share capital reduced. The accounts state that this debt of £944k was due to be paid in 2010/11.
An increase in trade creditors – other football clubs – due within the next year has also increased by around £800k with the various transfers, which are often paid in installments. The club has also called upon Valeri Belokon’s Baltic International Bank for a loan of £800k at an interest rate of 8%, which was due to be repaid on June 30th 2010. A separate loan for around £500k was received in the financial year from Belokon’s VB Football Assets Ltd, which one would expect was the vital contribution which secured the signing of Charlie Adam. This particular loan has also been repaid since the turn of the financial year, specifically on 2nd December 2010.
Albeit not an external creditor, Blackpool Football Club Limited continues to repay a debt to the parent company Segesta Limited at a rate of £435k per year – the amount receiver from the occupiers of the North and West stands, less a 10% administration fee. As of 31st May 2010, the remaining debt stood at £2.7m. Repaid at the current rate it will be cleared in six years, but whether the influx of Premier League money might see the parent company recoup the debt more quickly remains to be seen.
Looking to the longer term, the chart below shows the group historical long term liabilities.
The bulk of the long term liabilities during 08/09 was comprised of the loan owed to Protoplan, and with that becoming a current liability in 09/10, and now paid of as of September 2010, the long term debt in the 09/10 accounts comes from a different source.
Almost £7.5m is owed to Blackpool’s Latvian investor, in one form or another. Two significant outstanding loans remain – one of £4.75m to Valeri Belokon’s VB Football Assets Limited, and the other a £2.7m loan to Miss Vlada Belokon, the Club President’s daughter. One can only speculate why this personal loan comes from his daughter and not Mr Belokon himself, but it does show the influence the Latvian investment has had on the club. According to the club’s accounts, it is intended that these loans will be repaid from revenue received from the South and South West corner, suggesting that it was indeed Valeri Belokon who put up the money to get the stadium improvements back on track.
A personal loan in the region of £275k is also owed to Owen Oyston, but it is unclear how and when this loan will be repaid. The accounts state that Mr Oyston will not seek repayment in the current financial year, but with money flooding into the club’s coffers following promotion, it wouldn’t necessarily be a surprise to see this debt cleared sooner rather than later – the same might also be said for the loans to the various Belokon-related creditors.
Overall the club’s debts, albeit a little complex, won’t be giving anyone any sleepless nights. The incoming Premier League money ensures that the clubs are in a fine position to meet their debts as they fall due, and if the club wants to loosen its shackles, can even pay them off early. The fabled £90m figure for one season in the Premier League and four years of parachute payments will, if nothing else, mean that the club is virtually debt-free going forward – an achievement not to be underestimated in the current climate. Once the debts to the Oyston and Belokon families are cleared, this would also surely mean that the club can really start to benefit from the various letting units in the stadium, on top of its football income.
Influx of Premier League Money
Returning to football income, the latest set of published accounts paint a story far removed from the current situation Blackpool FC finds itself in. With the prestige of top flight football comes the riches to match, and the levels of turnover the club will achieve this season will be by far the highest in its history. Exact figures are naturally difficult to come by but Blackpool FC appears to have timed promotion at a lucrative moment. Not only is the Premier League in the first year of an improved television deal, parachute payments have also been increased in the worst case scenario of relegation.
The amount of television revenue each club receives is calculated on the following basis:
- 50% – Basic Award
- Each club receives an equal share of half of the television revenue, for both domestic and international rights.
- 25% – Facility Fees
- For each game shown on live TV, clubs are awarded a facility fee. Typically this is a minimum of 10 games for each team (although Blackpool look set to feature in just nine televised fixtures). Naturally, the more often a club features, the larger its share of the payments.
- 25% – Merit Payments
- Clubs receive a payment based on their final league position. Last year the payment for finishing in 20th was around £800k, with a further £800k for each place above that, up to a total of £16m for winning the title.
What the improved deal means in real terms is best considered in light of last year’s television revenue. Last season’s bottom club Portsmouth received a total of £31.8m from its share of the television revenue. This coming season the club finishing in 20th can expect to receive a minimum of around £41m from television rights alone. For a club like Blackpool, who has never before turned over more than £10m from all sources in a single year, this amount is staggering. When other revenue sources such as gate receipts, merchandising and sponsorship are included, it is reasonable to expect that the club will turn over in excess of £50m in its debut Premier League season. Protecting this income by avoiding relegation would naturally be a massive boost, but even in the unfortunate event of returning to the Championship, the financial prospects still aren’t exactly bleak.
The new system for parachute payments ensures a total of £48m over the course of four seasons, assuming promotion back to the top flight is not attained. This is paid in sums of £16m for the first two years, with that figure halving for the remaining two seasons. Averaged out at £12m a season, this still eclipses total revenue from any previous years. With contracts reported to contain clauses that see wages drop upon relegation, from already modest salaries, the club would appear to still be in a healthy position whatever the outcome of this season – in a financial sense at least.
Of course, before we even contemplate Blackpool FC’s financial future beyond the end of this season (whatever division that may be in) there are some obvious events which have taken place after the publication of the accounts being analysed in this article. Off-the-field, the new East Stand is sure to make an impact on the 2010/11 accounts, as is the continued fit-out of the South Stand. On the playing side of things some higher transfer fees are inevitably going to have to be considered. Although meagre by Premier League standards, it’s likely that Blackpool may have spent as much as £5m, although the fees will be accounted for over the length of the players’ contracts. Wages too will have risen considerably, possibly to more than double the previous season’s level – and a potential survival bonus of another £5m will drive this even higher.
On 22nd February Blackpool FC submitted their accounts to Companies House for the financial year ending 31st May 2010. While these accounts don’t factor in the riches bestowed upon the club upon promotion to the Premier League, I’d like to examine the financial standing of … Continue reading Financially Speaking (Part One)
- West Ham United (h)
- Everton (a)
- Aston Villa (h)
- Tottenham Hotspur (h)
- Wolverhampton Wanderers (a)
Salaheddine Sbai – free from Nimes
- Manchester United (h)
- Stoke City (a)
- Tottenham Hotspur (h)
- Liverpool (h)
- Sunderland (a)
- Manchester City (a)
The best I was possibly expecting was six points, and even that looked difficult. More importantly I was hoping ‘Pool would avoid a confidence-bashing run of defeats. In the end, with all three home games postponed because of the weather it was an incredible effort to win two of the three surviving matches, with ‘Pool nearly taking a share of the spoils at Eastlands.
- Birmingham City (h)
- Liverpool (h)
- West Bromwich Albion (a)
- Sunderland (h)
- Manchester United (h)
On paper it’s probably a more friendly set of fixtures, with four home games among them, but with exhaustion sure to take its toll and squad rotation bound to play a part, expectations need to be realistic. From here on in, a point per game will see Blackpool avoid relegation comfortably, so a conservative target of five points does not seem beyond the team. Fewer than that though will likely see the Seasiders edge closer to the relegation zone.
We are just waiting for the chairman and the accounts dept to sort out how we will be refunding the money, either by cheque or on to a card. They will advertise it when everything is sorted and let people know.
In truth though, each batch of fixtures is crucial, and no side can afford to hit a prolonged bad run of form, which in some ways makes the upcoming games even more significant. All of the next six matches see Blackpool take on top half sides – a daunting proposition. As Tangerine Dreaming rightly point out, it is vital that ‘Pool continue to “rack up the points” on a regular basis – a rocky spell will dent confidence and have the media turning up the pressure on Ian Holloway and his squad. Despite the tough opposition coming up in the next few weeks, it will be important for the Seasiders to pick up unexpected results.