Real Madrid. 3 seasons. €311m spent on player sales.

€25m back.

92% loss. 8¢ per €1.

Not struggling. Just never had to try.

buff.ly/Fy3AgE7

#TheClosedShop #RealMadrid

The Closed Shop is live.

15 clubs. 3 seasons. 1 system. 2 tiers.

The Super League is dead. What it was protecting is not.

Read the full findings:
buff.ly/twrzVlc

#TheClosedShop #TwoFootedTackle

UEFA sanctioned Villa for breaching financial rules.
Fine: €20m.
The Value Pillar gap between Villa and Real Madrid, same stage, same competition, was €19.72m.
UEFA's system created the conditions for the breach.

Full Report out Monday, 6 April
buff.ly/KOcWbCC
#TheClosedShop #AVFC #UEFA

UEFA paid Juventus €33.41m in 2024-25. Juventus didn't qualify for the Knockout Stage. UEFA paid Aston Villa €19.85m. Villa reached the quarter-finals.
The Value Pillar. The mechanism UEFA doesn't want you to understand.

Full Report out Monday, 6 April
buff.ly/KOcWbCC

#TheClosedShop #UEFA #AVFC

Real Madrid: 92% loss on player sales over three seasons.
Manchester United: 80%.
Barcelona: 46% — flattered by academy sales.
These are Europe's financial elite. The Books Don't Lie.

Full Report out Monday, 6 April
buff.ly/KOcWbCC

#TheClosedShop #RealMadrid #MUFC

11 of 15 Super League clubs are owned by investment firms, private equity or sovereign wealth funds.
The 2 member-owned clubs both declined the invitation.
Both are among the best-run financially.
Coincidence?

Full Report out Monday, 6 April
buff.ly/KOcWbCC

#TheClosedShop #SuperLeague

We've spent weeks analysing the finances of the 15 clubs at the heart of the European Super League proposal.
What we found goes well beyond transfer spending.
It's a story about ownership, regulatory capture & a system designed to protect the powerful. The thread starts tomorrow. 👇
#TheClosedShop