Published on: 30 Jan 2017
Deloitte has stated that Manchester United are better than Real Madrid and Barcelona.
Now before anyone starts getting concerned that Deloitte are moving away from finance and becoming football pundits, I should stress that I’m referring to the Deloitte Football Money League.
Deloitte has been compiling the Football Money League since 1996/97 and the League lists the top 20 clubs in the world for revenue in a football season. They have just released the figures relating to the 2015/16 season and a few records were broken.
The combined revenue for the 20 richest clubs in the world grew by 12% and reached a new high of £5.5 billion.
There was a change at the top though as the Spanish club Real Madrid who had topped the table for 11 years were toppled by Manchester United who had revenue of £515 million. This in itself was the highest figure recorded by a football club in a season.
The Deloitte Football Money League measures a club’s earnings from match day revenue, broadcast rights and commercial sources, and ranks them on that basis. The study doesn’t include player transfer fees though.
More details on the report can be found here and the top 10 in the league are:
1 Manchester United £515.3m
2 Barcelona £463.8m
3 Real Madrid £463.8m
4 Bayern Munich £442.7m
5 Manchester City £392.6m
6 Paris Saint-Germain £389.6m
7 Arsenal £350.4m
8 Chelsea £334.6m
9 Liverpool £302.0m
10 Juventus £255.1m
Published on: 16 Jan 2017
Last Friday it was the 13th and for a lot of people the 13th is considered to be an unlucky day.
“Friggatriskaidekaphobia” is the medical term for the fear of Friday the 13th and although it looks like the type of word that you’d get if your cat walked across your computer keyboard it affects a number of people and in extreme cases these individuals will refuse to leave their home on Friday the 13th.
Another tricky to pronounce word is “triskaidekaphobia”.
This is a fear of the number 13 and could have interesting implications for the valuation of property.
A report recently released highlights that if you’re thinking of buying a property in the UK then you may well be able to pick up a bargain if the property address has a number 13 in it.
According to a survey by property website Zoopla, the current average value of a house in the UK with the number 13 in it is £291,038.
This is nearly £9,000 less than the average property value of £300,012.
It’s also been reported that more a quarter of UK streets don’t have a number 13 address as some local authorities have banned the use of number 13 in new housing developments.
So, whilst people who currently own properties with 13 in the address may feel a bit cheated, if you don’t suffer from triskaidekaphobia and are looking for a potential bargain then the £9,000 saving could be quite attractive.
Published on: 11 Jan 2017
When is a bribe not a bribe?
US bank JP Morgan Chase thought they had the answer to this question. Unfortunately for them (but fortunately for all the hard-working ethical people out there..), the US Securities and Exchange Commission and the Justice Department saw through their plans and found them guilty of violating the US Foreign Corrupt Practices Act.
JP Morgan designed a scheme which they hoped would help them win lucrative contracts in China.
Their plan was to offer highly paid jobs to individuals who were not qualified for those particular jobs.
“Why would you pay excessive amounts of salary to people who weren’t capable of doing their job?” I hear you say.
Well, the answer was that those people they were going to pay the high salaries to were relatives or friends of government officials and those officials were in a position to offer lucrative contracts to JP Morgan.
So, in summary if JP Morgan had offered money directly to the state officials it would clearly have been a bribe. Instead, they thought they could get away with it by paying excess salary to family and friends of the officials. Over a period of 7 years, approximately 100 interns and full-time employees were employed who were connected to foreign government officials.
This enabled JP Morgan to win or retain $100 million in revenue.
A clever plan. Or at least they thought it was.
The Securities and Exchange Commission and the Justice Department thought otherwise though and started investigations back in 2013.
The Department of Justice called the scheme “bribery by any other name” and at the end of the investigation JP Morgan had to pay $264 million to settle the claims.
In the end, a highly unethical and very expensive way to try to win and retain clients.
Published on: 04 Jan 2017
Well it’s that time of year again when a lot of people set themselves a New Year Resolution.
On average, approximately a third of people in the UK will set themselves a New Year Resolution with the most popular ones being to be exercise more, eat healthily and give up smoking and drinking alcohol.
New Year Resolutions have their origins in a variety of places.
The Babylonians, an ancient culture from the Middle East, used to make promises to the gods at the start of each year and the Ancient Romans used to start each year by making promises to Janus – the Roman God of beginnings and after whom the month of January is named.
The majority of resolution nowadays though are unsuccessful and a study from the University of Bristol found that 88 per cent of people who make New Year’s resolutions fail.
But what can you do if your resolution is to be healthier but you’re working long hours at the office?
After all, long working hours and keeping fit don’t tend to work well together.
Well, now there’s an answer to this problem as you can buy a treadmill desk.
Yes, the gymcompany.co.uk offer a selection of treadmill desks ranging in price from £1,305 up to £2,995 for the top of the range LifeSpan TR5000-DT7 Treadmill Desk.
That’s quite a lot of money and I’m not sure your boss would react too favourably if you asked him or her to buy you a desk which is £5 short of £3,000.
Then again, you could point out that if you had a treadmill desk instead of the normal desk then you would be more productive as you would be running and wouldn’t be able to drink the bottle of wine that you normally have in the office whilst sat at your desk…