Friday, 14 February 2014

United in stats: This season vs last season (the Robin Van Persie show)...

Van the man...


My recent post in defense of David Moyes has met with something of a mixed reaction from Manchester United fans. Some have said they found my writing informative and enlightening, others that it is too heavy on conjecture and retorted with some conjecture of their own (naturally not agreeing with mine).

So lets take a more statistical approach to the argument then (with maybe a little bit of conjecture thrown in as well). I said in my previous post that United aren't playing any worse this year than they were last year as a team and that this season's poor form is not all down to Moyes. I also said that last year I felt a combination of 'The Fergie Factor', Van Persie's goals and a weak league carried a poor team to the title. Others either did not agree with this point of view, or ignored it and continued with their '#moyesout' agenda.

I also remember saying last season around Christmas time that United would be in serious hot water indeed without the Dutchman for more than a few games, even with Fergie at the helm. People who at the time agreed with me are now pinning everything on Moyes! Time to look at some numbers then, analysing just how big an impact Van Persie has had in his one and a half seasons in Manchester:

Below are two tables. The first is Manchester United's performance during the 2012-2013 season, where we ultimately became champions and the second is Robin Van Persie's own performance during that same season. Games highlighted in red were defeats, those in yellow draws and the one in light blue was the 26th game of the season, taking us up to where we are now in the current campaign:



Perhaps at this point I best explain what the second table is showing. The first column shows the goals he scored and the second his assist record last season. The third column shows points taken in games in which Van Persie scored and the fourth column points taken where his goal was either the winner or the equaliser (whether the game stayed a draw or if someone else got the winner). The fifth column shows games where he got the assist for the equaliser or the winner. The last three columns show whether he played the full 90 minutes, came on as a sub or went off as one. 

In total last season Van Persie scored 26 goals, got 8 assists and was on the score sheet for games that accounted for 62 of our season total 89 points. Of those 62 points he scored the winning goal in games that added up to 18 points or the equalising goal in games that went on to finish as draws or victories adding up to a further 7 points. In addition to this he added a further 9 points for providing the assist that won the match and two more points for providing an assist that led to a draw. During the 2012-2013 season he played the full 90 minutes 31 times, came on as a sub 4 times and went off as one 3 times.

Those season wide stats on their own give a pretty clear indication that Van Persie carried United to the title last season. A side with long standing and widely acknowledge midfield problems, who's ball retention wasn't great, putting pressure on an ageing and leaky defense.

When you look at Van Persie's stats after 26 games (where the current campaign stands) you will see that a massive chunk of his monster haul had already been racked up by the beginning of February. There after he was suffering from niggling injuries and never quite recaptured that electric form of earlier on in the season for more than short spells (I'm thinking of the game against Villa where we won the title as one that he did, for example).

Of the 62 points accrued when Van Persie scored, 50 of them were accounted for by the 26th game, a period in which he scored 19 of his 26 league goals that season and 7 of his 8 assists for the campaign. Of the 18 points he won by scoring the winner during the season, all 18 had been accrued by this point and 5 of the 7 points he racked up by scoring the equalising goal were already on the board. A further 6 of the 9 points he racked up for winning assists were already chalked up, plus another 2 points for an equalising assist. Van Persie had also played the full 90 minutes in 21 of our 26 league games, being brought off as a sub late on after scoring the winner one further game against Reading.

As a backdrop to this, by this point last season United had conceded 31 goals, this season we have conceded 32 and looked just as unconvincing as a unit in both campaigns.

Think about that for a minute. By the 26th game of last season Van Persie had a direct influence on 50 of our 62 points by that stage, and had either scored or provided the winning or equalising assist for 50% of our points!

Lets look at this season for comparison then. Below are the same two graphs for this season, scored in exactly the same way:



Last season Van Persie had arrived at United on the back of his best spell in English football. He had a rare good run with injuries whilst still at Arsenal and had been flying. For the first few months after he joined United he continued this good run, but slowly as the season progressed he started picking up more and more niggles. He was used sparingly in the FA cup and wasn't a regular starter in the Champions League to allow him to get through the league campaign in just about one piece.

However his form definitely dipped for a long period in the second half of the season, but by then it did not matter as United had been able to build up a huge lead against opposition who were either in disarray or transition (City basically downed tools under Mancini, Chelsea fans were on Benitez's back, Liverpool only just had a new manager in, as had Spurs, Arsenal had a poor season, etc...).

It was on this indifferent run of form and fitness that Van Persie entered this season. He started off brightly enough with a couple of goals in an unconvincing opening day win against Swansea, but so far this season he has been nowhere near as influential as he was at the same stage the year before.

Part of that is down to injuries. He has only played the full 90 minutes nine times so far this campaign, been taken off early but near ish the end of the game a further 5 times and come on as a sub once. In between those appearances he has been unavailable. When he has been available he hasn't looked fully fit. It is laughable to suggest that this is because of Moyes' dark ages training regimes when Van Persie's career injury record is considered. This lack of games was inevitable at some stage.

Despite all that, his goal return has actually been pretty good so far this season. He has got 10 goals in 14 starts, with two added assists. He also has been on the score sheet in games adding up to 25 of our 42 points so far this season. But just watching him in games this year though, it is clear he is a striker low on confidence and fitness. Both of those things come from a run of games and your team mates acclimatising to the runs you make and your general presence in the team, after a period of trying to get goals without you.

This shows in the amount of times Van Persie has popped up with the winner. So far this year he has only scored the winner in games adding up to 12 points, with a further 3 added for providing the equaliser. He hasn't provided any winning assists at all so far. That is around a quarter of our points haul he has secured directly and a dramatic drop from over half at the same stage as last season.

You just cannot take that big an influence out of a team and expect it to maintain the same level of performance. Just look what happened to Blackburn Rovers after Alan Shearer left. Although the fall was not as a dramatic, look at United with and without Ronaldo. We just weren't the same side once the Portuguese had left for Madrid, even though the United team of then was still significantly better than the one this season, man for man.

Before I sat down and worked out these numbers I thought last season was mainly all about Sir Alex Ferguson and his reputation scaring opposition managers out of points. When you look at these numbers though it becomes clear it was all about Van Persie. He wasn't just the grateful recipient of superb football from a good team, like say, Andy Cole's 40 goal season at Newcastle United. He was winning games for us on his own, despite how bad we were playing. Almost every half chance he had last season for the first few months went in the back of the net one way or another. You could be anyone from Mike Bassett to Sir Alex with that in your team and do well. If one man is both creator and provider for your entire team then you almost can't miss.

It is far too simple to pin this all on Moyes. If last season we were playing Rolls Royce football, with the best squad in the division seeing off a league of tough competitors, then I would say fair enough, get rid. I would love it to be as simple as sack Moyes, bring back the good times. Unfortunately it is not.

A lot of Manchester United fans seem to either not fully grasp the current situation or are in denial about it. Clinging onto the idea that this is all down to the current manager is a much more palatable prospect than admitting that for the first time in 25 years the club have a really poor squad which is not capable of challenging for the title when they don't have a saviour to bail them out and the opposition have gotten their act together.

Just look how many more points the title contenders have this year. Last year we were 11 points clear by now from a Manchester City that just wasn't doing the business often enough. As United fell away towards the season end nobody else mounted a fight back.

The 62 points we had last year after 26 games would put us 5 points clear of Chelsea with Jose Mourinho at the helm. Arsenal, City and Liverpool having all strengthened significantly are right behind them. That pack is going to drive each other on for the remainder of the season. United are not in that pack because they did not undertake the required surgery when it was starting to become critical around eighteen months ago.

When you look at the bigger picture it becomes obvious why United are where they are. Not only are the opponents stronger, but they no longer have to fear Van Persie on the rampage. Those two factors now compound each other. Teams don't fear United so they don't sit back, they go for it. Because they go for it United are on the back foot more often, less chances are being created and there is no golden boy to put the ball in the back of the net right now.

Van Persie and United might still come good this season, but what is needed right now is patience, not knee jerk reactions...

Tuesday, 4 February 2014

David Moyes: The counter argument to that currently prevailing amongst Manchester United fans



There has been an enormous amount of talk so far this season amongst Manchester United fans that David Moyes is not the right man for the job and that he must be dismissed from his post immediately before things get any worse. Or if you are more of a moderate, that he must be dismissed at the end of the season and someone who knows what they are doing be brought in.

From some of the goings on during games this season I can see why. Manchester United have put in some desperate, dismal performances against opposition of the calibre that we would have steamrollered at almost any point in the last twenty years. The players look disinterested, low on confidence and a shadow of their former selves.

Clearly all of this is Moyes' fault and he has to go. I mean he didn't win a tap at Everton did he? That record speaks for itself. Or does it? And further more is all of the goings on at United this season Moyes' fault or is some of it an inevitable consequence of arguably football's greatest ever manager finally putting his watch and chewing gum in his pocket and calling it a day? Would any other managers have fared any better? What does the future hold for Manchester United, regardless of who ends up managing them for the next five to ten years?

Lets break this argument down into it's component parts then. Firstly, the trend when even just a very good manager moves on, never mind a truly great one, is that unless the team he leaves behind is without question the best in the league and the club has that elusive 'winning mentality' then things will usually start to slide quite quickly. An example of a club that was able to survive several changes of manager and keep on winning was the Liverpool side of the late 70's and all of the 1980's. The baton was passed from Shankley, to Paisley, to Fagan and to Dalglish yet Liverpool kept on winning. That as much as anything was because they had great players. Players who not just had the ability to win but the desire to as well.

By the time Dalglish passed the flame onto Souness the club had been destablised by the tragic events at Hilsborough and the team was probably a couple of seasons past it's best. Cue the arrival of the madman with the moustache. Souness may or may not have been as good a manager as Dalglish, that is somewhat irrelevant, but at the time it seemed like fifteen years of constant success had evaporated in half a season. Maybe in trying to correct the problem, Souness made too many changes too quickly and bought badly, but the problem already existed, it was just made worse by the departure of the previous manager. The very changing of the guard was as much of an issue as who it changed to.

The Liverpool of 1991 is a classic case of the fans not wanting to blame anything on the club legend who won silverware as both player and manager and instead blaming it on all on the new guy, when in reality he was only partly to blame.

The group of players that Moyes has inherited from Ferguson when shorn of Van Persie, Rooney and Carrick are a mid table bunch at best. I think a lot Manchester United fans have gotten so used to Ferguson achieving miracles over the years that they have lost all perspective about just how great an achievement the period 2011 to 2013 was. In fact it could be argued it was the greatest during his career bar the treble. Getting that team to a Champions League final and Premier League victory was virtually impossible, yet he found a way to do it.

Towards the end Manchester United had become the Sir Alex Ferguson show. His reputation and Manchester United's reputation under his management probably accounted for twenty points a season in that time frame. So many times I watched teams sitting back and hoping not to get thrashed against a United side that to my eyes looked so weak that on the rare occasions opposition managers did decide to go for it they often got 'surprise' results.

This combined with Chelsea and Manchester City frequently under performing due to chaotic management structures, along with Ferguson's second to none ability to get 110% out of his teams carried us to those achievements, not the players. He even managed to get his side in with the score 1-1 at half time against a Barcelona team who were then tearing anyone and everyone to shreds with ease.

With that almost supernatural influence gone, suddenly the Manchester United of this season look like what they really are, a top ten team.

Enter Moyes then. A manager who barring one season where Everton were down in a relegation dogfight were always worth a 5th to 8th place finish. "Cobblers!" say the Everton fans unhappy with the manner of his departure and the United fans unhappy with his arrival. "After all look at the football they are playing this season under Martinez. Look how much better they are performing in the league. AND MOYES NEVER WON A TROPHY THERE!!!"

Well for starters Everton are one place higher because United are below them (on Moyes's watch admittedly, but we will come back to that in a minute). Also this season they have Ross Barkley back and fully fit most of the time. They also have the addition of Gareth Barry and Romelu Lukaku on loan. Barry came from the best team in the league, Manchester City whilst still at his very peak. Lukaku was the difference at West Brom ultimately, between a side that were in the Champions League places at one point last season to one which is now down there flirting with relegation.

For all that they aren't even doing that differently from the Moyes era in terms of league position or points. Despite revisionist attempts to claim Moyes was a lucky chancer at Everton who knew nothing, he took an old team, full of too big for their boots senior pros that were on the verge of relegation every year, for ten years or more and made them into a solid top eight team. He might have played dreadful football doing it, but he developed a system that worked with the budget and the size of squad he had.

There were limitations to it. A combative approach meant Everton's small squad always creaked under injuries and a lack of ambition was often shown against bigger teams, but he got the results that kept Everton free from relegation every year. I don't remember hearing a great deal of complaint about that from the majority of Toffees fans at the time.

Looking at the "...ah, but he never won a trophy..." argument, look at everyone else of Everton's ilk that has won a trophy against the odds unexpectedly in the Premier League era. Teams with small budgets, players that aren't in the main good enough for the top four and that are often part of a smaller than average squad.

Teams like Middlesbrough who reached the finals of both cups in 1997 and had a team with Juninho and Ravanelli in it, yet were still relegated. Look at the some of the depressed league form of Stoke and Fulham when they went on their Europa league runs, or Swansea this year. Both Birmingham and Wigan were relegated in recent years, the same season as they won a domestic trophy. You could argue in both cases the cup run was probably the deciding factor between staying up and going down.

In the modern era, with the speed and intensity of English league football and the rock hard pitches that the game is played on, if you don't have strength in depth you cannot maintain your league form whilst going on a cup run. With money being the way it is these days in the game, if you manage an Everton or a Wigan or a Stoke, staying in the Premier League is everything. Not winning silverware at clubs like that will not often get you the sack, but relegation almost certainly will.

In Everton's case they are a club that only manages to survive on TV money and selling the odd player on for twenty million pounds plus to a United or a City or Chelsea. If the league campaigns weren't Moyes' and Kenwright's priorities then they would be foolish under those circumstances.

So back to the United team that are now below Everton under Moyes' stewardship. Surely that's all his fault isn't it? Well again, I would argue no, it isn't. He has made tactical mistakes in games, but so did Ferguson and sometimes those mistakes cost United. For example for the past few years (since around 2009) United have suddenly started racking up massive injury lists during the Christmas period. The people who seem to think this is a new phenomenon under Moyes' dinosaur football methods have very short memories indeed. These bad runs with injury under Ferguson were the result of a progressively weakening team having to fight harder and harder for every victory as match winners like Tevez and Ronaldo moved on and the clubs core players, such as Ferdinand, Vidic and Evra got further and further past their best.

The formation Ferguson put out against Blackburn on Boxing Day 2011 has often been sited as the game, along with the 4-4 draw against Moyes' Everton that cost United the league in 2011-12. In the match against the Rovers, faced with the same Hobson's Choice as Moyes has had this season Fergie picked the wrong team and it lost. There were multiple instances over the last few seasons where Ferguson's tactical decisions have been questioned yet in lots of cases he got away with them because of the 'Fergie Factor'.

The idea that some United fans seem to have got into their head that the Red Devils playing dreadful football in general, regardless of tactics is a new a thing as well, also have short memories. For most of Ferguson's reign United doggedly stuck with an antiquated 4-4-2 system with wingers who stayed wide and got crosses into the box. Occasionally in Europe a more progressive 4-3-3 system was used, but in the league Ferguson stuck to the formula that had served him well all those years, During the treble period or the Ronaldo era no one cared because United were still exciting to watch and were winning trophies. But Ferguson's philosophy that worked so well in the league was arguably the biggest factor in why United didn't win more European Cups under his management. From 2010 onwards, with Ronaldo gone and the likes of Valencia and Nani labouring where Giggs, Beckham and the Portuguese had thrilled, the dreadful football United were playing suddenly became more of an issue. Frustrations however were kept suppressed by continued silverware.

With Fergie gone those games that were wins are becoming draws, or even worse defeats. The lack of the 'Fergie Factor' is being compounded by the fact that a lot of the players who were forced to work there sock off under Sir Alex's unquestioned authority are now starting to show signs that they think that they are too good to be playing for Moyes and are shirking their responsibilities.

A similar thing happened at Arsenal when George Graham left the club and is mentioned in Paul Merson's autobiography. Too many players stopped giving that extra 5% with Graham's shadow no longer looming over them and results went on the slide. A team that had won the league in 1991 had by Wenger's arrival in 1996 drifted to a top eight side. With the benefit of hindsight Stewart Houston and Bruce Rioch weren't the men to take Arsenal forward and you could perhaps draw comparisons between them and David Moyes, but the difference there is that they took over what had been a very good team, in it's prime, yet results still dropped off.

This United side, despite winning the league last year is not a very good team and has not been for some time.

Another common argument you hear thrown at Moyes is that his negative brand of football is all that he knows and that he is incapable of doing anything else. However looking at the group of players at his disposal for the start of this season, I really can't see anyone other than Ferguson being able to, or even having the neck to think about trying to play 'The United Way' with this lot. Not even Mourinho would attempt such a thing.

So it seems we are trapped in a vicious circle. United don't win as many games as last season because we don't play the United way, yet we no longer have the players to play the United way as many of them are now looking for an easy ride.

To varying degrees no matter who United's manager was this season results would have fallen away from the Ferguson era. Despite all the injury worries United had in Sir Alex's last few years he still had Ronaldo or Rooney or Van Persie available most of the time and scoring enough goals in those seasons to balance the books. This year United have been relying on Hernandez and Welbeck, who despite both being good players are not good enough to carry a weak team to the title.

Just how would some of the other managers out there have fared if they had been appointed instead of Moyes? There are some far better qualified people knocking about than the Scot, but there are significant drawbacks with all of them. The Capello, Hiddink, Van Gaal, Advocaat bracket of manager despite their faultless track records are all old men themselves. All have been great managers over the years, but none have a record comparable to Ferguson when consistency, durability and success are factored in. We may be higher than seventh in the league under any of them but we wouldn't be top by 11 points as some people are suggesting this season.

Bringing them in would be in some ways just delaying the inevitable even if, in my view the unlikely event happened that we were somehow top of the league. In two or three seasons at best another manager would be required as they each hung it up. All would be short term appointments to insulate United fans from the reality of football, post Ferguson.

Then there are the likes of Mourinho and Ancelotti. They are both younger than those listed above, but Ancelotti was already on his way to Madrid by the time Ferguson's retirement was announced, even to the Glazers, never mind the rest of the world. Mourinho despite his status as one of the all time greats of football management is also someone who never stays anywhere for very long. He either gets bored or talks his way into trouble and is shown the exit door. Again he would have been just another short term appointment.

Jurgen Klopp is yet another name mentioned a lot, but he is relatively inexperienced at top level management, has never managed outside of Germany and is already starting to look like a good manager who had a couple of great seasons. Building a good team is one thing, but keeping that team renewed is another and stopping your best players leaving for bigger clubs, yet another. He may prove me wrong but he hasn't been particularly successful on the last two counts so far.

When I say 'the realities of football, post Ferguson', I think a lot of United fans have convinced themselves that if any of those other managers had been given the job instead of Moyes, that the Ferguson juggernaut would keep on rolling on without him and United would continue cruising to league titles with players that would in the main struggle to get a game at Everton. In my view that is utter nonsense. There was only one man who could do that and that was Ferguson. Whoever came in would have, to some degree floundered in the situation that Moyes has found himself. This is a situation that is going to take an enormous amount of money and time to fix.

All United's rivals have strengthened this season in one way or another, whereas United have lost Ferguson and David Gill. Also, due to the inexperience and naivety of new chairman, Edward Woodward, when combined with David Moyes' late arrival to the job, led to the club failing to secure any meaningful signings on the road towards recovery that might have taken some of the sting out of this season.

Its been argued in some quarters that Moyes should have done more during the summer to start transfer moves before Ferguson had even retired. To do so however he would have had to have gone through Ferguson and Gill, who I think would likely have been a significant obstacle to this. Their collective sense of pride would perhaps have told them that the club was still their lookout until the end of the season and that Moyes should mind his own business. Maybe this is what happened, we will never know. Moyes could have tried making moves for players independently of the club, but if he only found out in late April or early May, several weeks before anyone else he would hardly have been in a position to start sounding out Europe's elite players about whether they fancied wearing a red shirt next season. Even if he was, by then it was already far too late to sign any of the players of the calibre United required.

Deals of that sort are often ongoing for six to twelve months before hand. Look at some of the people United have been linked with during the January transfer window this year. You can bet your last pound United will be in for some of those players again this summer and will make a better fist of it than they did during the summer of 2013. They will have had the time to put the deals together rather than trying to rush them through at the last minute.

If Manchester United could afford to put a £90 million pound bid in for Gareth Bale, why did they wait until transfer deadline day to do it when it was rumoured that Real Madrid were struggling to raise the money? What were Ferguson and Gill doing for the first half of 2013 if he was a genuine transfer target?

Maybe, with both men having one eye on leaving the club, deals were not pursued with the vigour that they should have been which conspired to leave Moyes up the creek without a paddle.

So what for the future? Well you don't need to be a chartered accountant to follow the finances of a football club. With a bit of basic research you can soon find out how much cash a club has available to spend on players if that club is listed on the stock market and thus legally bound to issue quarterly financial statements.

By trawling through a combination of financial reporting made public since the Glazer's arrived you can see that what little money was available for players was spent, even during the years when we were buying the likes of Chris Smalling and Bebe. The sole exception to this was the money made on Cristiano Ronaldo's sale to Real Madrid. This kept the club financially secure in the short term whilst it's debt was restructured into a more sustainable package.

Without boring you with the details of the Manchester United balance sheet of 2014, it is light years away from that of 2005-2010. Despite the gross debt the club holds still being at the fat end of £300 odd million, this is still down significantly from the £700 million plus it reached at it's peak in early 2010.

Clever financial management during one of the world's worst ever financial crashes, combined with a legend of a manager has enabled United to drastically reduce the amount they owe and the rate at which they pay interest on it. What the Glazer's did to United was dreadful, but they have gotten away with it.

In fact they have done more than get away with it, they have positively flourished. Both gross and net revenue have continued to rise and rise as ever more lucrative commercial deals are signed by the club. This season, in the now unlikely event that United finish third and reach the quarter finals of the Champions League the club will make £430 million gross profit. Once deductions are taken into account, this will leave United with about £100 million to spend on players. Even if they don't make those performance targets the effect on the club will be far less than it would be on a club with a financial position like Liverpool or Tottenham.

Bearing in mind that player transfers are often paid for in two installments that in effect leaves United with up to £200 million to spend on players. Whether all of that is spent by the Glazer's remains to be seen, but it makes financial sense for them to.

The fat commercial deals United have been signing are only based on the premise of further glory. On the next Ronaldo, Rooney and Tevez leading United to glory and having their faces plastered all over advertising hoardings for the club's "commercial partners". Despite the fact they strike me as penny pinchers the Glazer's will have a lot of experienced financial people around them telling them that Manchester United is not the Tampa Bay Buccaneers and that the way to make money with a club like the Red Devils is to spend it.

Improved results and stability under a long term manager will see confidence on the markets about the club return and it's share price reach or exceed the peak it reached under Ferguson. The higher the share price, the bigger the profit the Glazer's will make on the club when, or perhaps if they ever find anyone willing to pay them what they think United is worth. The hope that Moyes would be a success and stay with the club for ten to fifteen years would have been an enormous factor in why United's American owners did not override Ferguson and go for Mourinho instead.

And things are only going to get better next season. United have the Chevrolet deal starting then along with a new agreement with Nike, which is rumoured to be worth £70 million a year. Total cash available for players every season could be nudging the £150 million mark by then.

Moyes will get this season, no matter how bad it gets and in the summer he will be backed significantly. Maybe then he will have the tools to win. With some of Ferguson's players moved on and a good run of victories under his belt, Moyes' stature within the dressing room will grow and he will start being able to exert some authority over his players. In time maybe he will develop the confidence in them that they won't let him down trying to play the United way.

Until Moyes has had his twenty four months or so, calling for his head now will leave the club with, at best Steve Round as United's caretaker manager. Or if his backroom staff walk, Ryan Giggs, until a more permanent replacement can be found. Giggs doesn't even have his pro licence yet. The club would be thrown into outright chaos.

Even getting rid of Moyes in the summer is not the right thing to do. No fully credible, ready made replacement for Ferguson is out there. Yet another new manager coming in, more player moves than is ideal in any single window being required and a whole new set of backroom staff risk the very essence of what Manchester United is about being lost for a very long time and a return to the glory years of Ferguson ever less likely...

Thursday, 19 September 2013

Untangling the web of Manchester United's finances

Manchester United's hated owners the Glazer family.

After United's end of year financial results were published this week its time to have a proper look at the Manchester club's finances and see what is really going on...

Since the Glazers took over at Manchester United in 2005 there have been all kinds of rumours and stories doing the rounds about the financial position of the club. Time after time you hear everyone from pundits to a bloke in the pub telling doom and gloom stories about everything from the club not being able to compete for the best players, to the debt is unsustainable to United are about to go under completely.

But how much truth is there in any of this? If this is a subject that interests you and particularly if you already have any kind of background in finance and understand numbers, you may already have gravitated towards excellent sites such as the TheSwissRamble and AndersRed. Both of these bloggers have been providing updates on United's finances since the unpopular Miami based family took control of the club. They give financial analysis in great detail and use a lot of technical terms to accurately describe where the club is at from month to month.

However if finance talk is all Greek to you then from visiting sites like the above you might not be any the wiser as to what the hell is going on at Old Trafford when it comes to the money side of things. I will now try and explain the situation to you in more straight forward terms, give a bit of background as to how the club got to where it is now and what the current situation is.

Way back when this all began the Glazers took over the club in stages. They progressively increased their shareholding until they reached 30% ownership of the club that was then still listed on the London Stock Exchange. At that point they were required to launch a formal takeover of the club. A takeover means they needed to have control of over 50.1% or more of the clubs shares.

They quickly reached this target and continued buying up shares. When they reached 75% ownership of the club they were able to remove the club from the stock market and turn it into a private company. Eventually they ended up owning almost 100% of the club through further acquisitions.

Once the club was no longer publicly listed the club's new owners were no longer required to issue detailed quarterly statements giving everyone outside the club a perfect view of the dubious methods with which they bought the club.

These methods were dubious because they used a technique called a 'leveraged buyout'. This basically means they borrowed all the money to buy the club and put very little of their own in. They obtained the funds by borrowing against the value of the club. The people who lent them the money were banks and financial institutions.

As this was a pretty risky way of going about things, all the different methods of funding they obtained came with extremely high rates of interest that made the club's position at that point unsustainable. Around this time the Glazers got lucky in one sense that United were on the up and had the beginnings of one of their best ever teams on the pitch and so they were able to get away with investing very little on the playing staff.

That good luck was outweighed by the enormous misfortune of their perilous financial situation coinciding with the biggest financial meltdown the world has ever seen. This made it virtually impossible for them to refinance the toxic debts they had taken on with anything more manageable.

They did however manage to refinance what they owed in 2006, but not on quite the sort of favourable terms they needed long term. Because of the way they went about this they were able to not pay any interest during that year and used the money to fund the purchase of Owen Hargreaves, Nani and Anderson at the beginning of the 2007/08 season. Each during their debut years to varying degrees helped transform Manchester United from Premier League champions to European champions.

United's spending spree in the summer of 2007 would likely not have
happened without the debt refinance the year before.
By January 2010 United were in debt to the tune of over £700 million and the debt was still rising. Of that figure the club was liable for £500 million and the Glazers themselves around £200 million. The portion that the club's owners were liable for had the steepest interest rates of all and many questions were asked as to how they would repay what they owed.

Around the same time the club took out a bond to refinance their debts into something more stable, but the club's interest payments per year were still around the £50 million a year mark (although believe it or not that was a great improvement on what they had been paying out).

Towards the end of 2010 the Glazers mysteriously found the cash to pay their debts off without ever explaining where they got the money from when all their other businesses were struggling. The next activity of any significance on the finance front was when the owners sold 10% of the club on the New York Stock Exchange in 2012.

Manchester United's debt history up to March 2012.The level of borrowing
has since fallen further.
This was a watered down version of a plan to sell a much larger amount on either the Hong Kong or Singapore Stock Exchanges which was abandoned due to insufficient interest. Despite much negative commentary on the New York launch the club's share price has consistently traded above it's initial launch value.

This sale of shares created further negative press for the Glazers as only half of the money raised went towards clearing the club's debts. The rest went to the Glazers personally .In 2013 the club have refinanced some of their debt yet again. This time around half of the bond was paid off and the debt moved to a loan with a lower rate of interest.

The value of the club's debt now stands at around £390 million. This may sound a lot but it has actually come down a huge amount and is now less than what the club's gross earnings will be from next year (gross earnings are the funds the club makes before expenses are taken into account. When these expenses are deducted the final figure is the club's net earnings).

To put that into terms you can relate to your own life, if you earned £30,000 a year and your mortgage was £29,000 a year you would be feeling pretty pleased with yourself.

The club made gross earnings of around £360 million this year. Next year that figure is forecast to grow to around £430 million. This is because the club has negotiated several big new deals that start next year, the largest of which is their record breaking shirt sponsorship deal with American car company Chevrolet.

American owners and the latest American
shirt sponsor for the Reds, this one a
world record breaking one.
This might still all sound bewildering even in simple terms, but if you want me to really cut to the chase the main number you need to pay attention is what the club has left after it's expenses are deducted from it's revenue. This financial year that figure was around £110 million. From that number the club must deduct the cost of it's interest payments, the cost of it's player purchases and a few other smaller items.

Based on this year's numbers that would have given the club around £30 million for player transfers, but this figure will rise significantly next season. The club's interest bill will drop from the £70 million it paid this year (£50 million was the regular interest, £20 million was refinancing costs) to £30 million a year or less. With the club's gross earnings also projected to rise by around £70 million that should give the club around £100 burning a hole in their pocket come the end of this financial year for player purchases

But that's not the end of the story. The club will also benefit from the increased TV money that all the teams will getting their hands on when the Premier League overseas coverage income increases in a couple of years time. Their shirt sponsorship deal with Nike is also due for renewal soon and the club will be looking for something that eclipses the 600 million Euros world record breaking deal that Nike recently agreed with the French national side. Such a figure would be more than double than what United are currently getting from the Oregon based sportswear manufacturer.

The real question for Manchester United fans now is not if the club will make enough money to compete with the very best, but whether the Glazers will allow them to. If they have any kind of business sense at all they will appreciate that only continued on field success and glamour signings will allow them keep generating the levels of commercial revenue they are currently getting.

They should also keep in mind the extremely favourable Champions League prize money arrangement they have with UEFA that saw them make more money as runners up to Barcelona in 2011 that the Spanish winners themselves. The current squad is nowhere near good enough for United to lift another European crown to give the club a further £50 million prize money boost and further player investment will be required to achieve this.

With the financial monkey almost off the club's back for the foreseeable future the true intentions of the club's hated American owners may now finally come to the fore...





Wednesday, 18 September 2013

Five Premier League strikers who we never saw the best of through injuries:

Torres has continued to win silverware despite a drop in
his own form.
Fernando Torres: He's still playing so there is a chance that he may recapture some of his former glory but the best days of the once unstoppable ex Liverpool and current Chelsea striker seem well behind him. He made his début for the Merseysiders on 11th August 2007 and for the first couple of seasons in England he was absolutely electric

Accolade after accolade followed. He was the first Liverpool player to score twenty league goals in a season since Robbie Fowler, he was Liverpool's top scorer with twenty nine goals in his first season (beating Michael Owen's tally for the reds) and was named in the top fifty Liverpool players ever at the end of his first season with the club. By the end of the following season his tally stood at fifty goals in just 84 appearances since arriving in the UK.

Added to this fine club form was a European Championship title with Spain and the 2010 World Cup was also looming, a tournament that his home nation Spain were clear favourites for. However the warning signs were already there that injuries were catching up with him.

Fernando had a number of absences from the Liverpool side due to hamstring injuries of varying severity around that time and in the run up to the the World Cup he underwent knee surgery on 18th April 2010. He was selected for the Spain side anyway during their group games but the fizz and sparkle appeared to be missing from his game. Many at the time assumed he was just lacking fitness as he featured less and less for the Spanish national side as the tournament progressed. He came on as a 105th minute substitute in the final (a game which Spain would go on to win) but his status as Spain's undisputed number nine had taken bit of a dip.

His form for Liverpool thereafter showed patches of the old Torres but he never recaptured his best form again. A £50 million transfer to Chelsea seemed to weigh down on already tired looking legs even further. Whether it was the injuries that taken the edge from him or a lack of confidence is still unclear and despite continuing to win silverware at both club and international level he is currently a shadow of the once fearsome striker that terrified opposition defences up and down the land.

Van Nistelrooy often carried an average United side after
the turn of the millennium.
Ruud Van Nistelrooy: Holland's Ruud Van Nistelrooy managed to maintain a fine goal scoring record through much of his career despite suffering a string of serious knee injuries that robbed him of a great deal of his mobility and on more than one occasion almost ended his career.

Starting off as a central midfielder at youth level before being converted into a striker he began in the Dutch second division with Den Bosch before moving first to Heerenveen then to PSV Eindhoven. In his début season for PSV he finished top scorer in the Netherlands and second league top scorer Europe wide. He was on the cusp of signing for Manchester United in the summer of 2000 before the deal was called off because of concerns over his knee. Days later it failed during a training session and the deal was off.

Sir Alex Ferguson had promised Van Nistelrooy that if the Dutchman made a full recovery he would come back in the for him. When Van Nistelrooy happily did the deal was finally agreed in April 2001. The next few years of playing for Manchester United were the best of his career. He combined the lethal finishing of a classic number nine with the strength and mobility of a deep lying centre forward.

However he missed much of the 2004-05 season after suffering another serious knee injury. Upon his return, whilst still knowing where the net was he became much more a penalty box type of player. After his famous bust up with Sir Alex in 2006 he was sold to Real Madrid and had something of a rebirth in Spain. He finished as top scorer in his first season in La Liga but thereafter he suffered yet another knee injury and during subsequent spells with Hamburg and Malaga he was a shadow of his former self.

David Hirst could have been an England great.
David Hirst: A man somewhat forgotten by the history books today but in the early 1990's he was held in the same regard as the young Alan Shearer. He burst onto the scene with Sheffield Wednesday scoring 32 times during the Owl's successful promotion charge back to the top flight of English football.

International recognition came shortly afterwards with a début 45 minutes for England against Australia. A taste of what might have been came when he was paired with Shearer for a friendly against France. With Gary Lineker out injured the duo in the short term at least were battling it out for a chance to partner the England legend during Euro '92, but in the long term were being touted as the future of English football.

Many, including former England manager Bobby Robson felt Hirst was in pole position to nail down a place in the starting line up and become his country's main man into the middle of the decade but before half time against the French, Shearer scored and was chosen to partner Lineker. Hirst never played for England again.

Through this period Manchester United manager Sir Alex Ferguson was also interested in the Yorkshireman and had made numerous attempts to sign him. With little progress being made on the deal the Scot eventually signed Eric Cantona instead and the rest is history.

Later in 1992 Hirst suffered a severe ankle injury during a game with Arsenal and it marked the beginning of a period over the next five years where he was rarely available for selection by Sheffield Wednesday. He was sold to Southampton for the 1997/98 season and enjoyed a brief return to form before the injuries set in once more. He retired from the game aged 32 in January 2000 on the advice of his doctors.

A young Fowler in Liverpool colours.
Robbie Fowler: At his peak Robbie Fowler was the most lethal finisher in the Premier League. He wasn't quick, he wasn't big and he wasn't strong, but what he did have were lightning reflexes, exceptional positional sense and a fearless cocky style that bred dead eye finishing, second to none when given a sniff of goal.

He made his début in the first leg of a league cup game against Fulham in 1993 and in the return leg at Anfield stunned everyone by scoring all five of Liverpool's goals in a hammering of the west London side. He scored a 4 minute hat trick against a fearsome Arsenal defence in August 1994 and scored 30 goals or more across all competitions for three consecutive seasons for the reds.

His golden period started to draw to a close with the emergence of Michael Owen during the 1997/98 season. Whilst for a time the pairing won silverware and started regularly together his individual goal scoring rate slowed and eventually he requested a transfer, joining Leeds United in the Autumn of 2001.

He started off reasonably well in Yorkshire, but the following season a long standing hip injury began to affect his form and despite maintaining a respectable goal scoring rate it looked as though he has lost some of his cutting edge.

He was sold to Manchester City at the start of the 2002/03 season and suffered from patchy form for most of his time there. He did manage to score in the Manchester derby though before eventually being sold back to Liverpool in January 2006 where he spent the remainder of his top flight career in football.

By the time Owen was at Manchester United his best years
were behind him.
Michael Owen: Michael Owen was a teenage prodigy who exploded onto the scene in even more dramatic fashion than Robbie Fowler before him. He made his Liverpool début aged just seventeen on 6th May 1997 against Wimbledon. He was the stand out player in a drab game that conceded the title to arch rivals Manchester United.

He was famed for being a goal poacher of the highest order throughout his career, but early on he also had electric pace that allowed him to beat most offside traps and tear through on goal with ease. He won the Premier League golden boot during his first full season in 1997/98 and retained it the following season.

During the summer of 1998 he also went to the World Cup with England and played an increasingly prominent role for the Three Lions. In England's last sixteen match with hated rivals Argentina he scored one of the most iconic goals in the history of the national side and caught the attention of many round the world.

Despite scoring a further brace of goals the following league season a turning point in his career came on 12th April 1999. During a game against Leeds United he suffered a serious hamstring injury that dramatically reduced his pace over short distances. Owen later blamed this on too many big games too young and after the injury he fell back on being more of a goal poacher than springing offside traps from the half way line.

His form was still sufficient to get him a move to Real Madrid at the start of the 2004/05 season but he was never a regular starter. His time in Spain was brief and the following season he was back in England playing for Newcastle. He showed flashes of the old Michael Owen but around this point in his career he began to become seriously weighed down by injuries. He arrived at the 2006 World Cup not fully fit and suffered a serious knee injury during a group game with Sweden.

He was never the same after that despite soldiering on with first Newcastle then later as a bit part player with Manchester United.

Tuesday, 17 September 2013

The age old Scholes v Gerrard debate is revived again on Monday Night Football.

The age old debate of Scholes v Gerrard started up again last night on MNF.
Those of you who watched Sky Sports' Monday Night Football show last night may have been amused to have observed the progressively escalating exchange between the pundits Gary Neville and Jamie Carragher near the end of the show. They were asked the question via Twitter of who was the better player out of Liverpool's Steven Gerrard and Manchester United's Paul Scholes. Predictably Carragher backed Gerrard and Neville backed Scholes. Both thouugh raised some interesting points and approached the question from different angles. Carragher rated both Gerrard and Lampard above Scholes on the basis that they have both scored more goals in big games for their club than Scholes.

Neville took the approach of saying that he rated all three highly and didn't like to make comparisons between three different types of players. I think at this point the former Manchester United full back hit the nail on the head. Although they all play in central midfield they are all so different in playing style that comparing them is almost as glib as suggesting Didier Drogba is a better player than Petr Cech because he scored more goals during his career than him.

Liverpool's main man, Steven Gerrard.
At his peak Gerrard was a box to box midfield player with a fantastic engine on him. He was a brilliant leader and captain who could play on either wing if required, get his foot in and defend. He had a decent range of passing and could always be relied upon to give 100%. In short he was what the classical English model suggests that the perfect central midfield player should be all about.

Lampard is an out and out goal scoring midfielder. He has consistently displayed an ability to arrive late from midfield and get on the end things throughout his career and both the number of goals he has scored and the regularity with which he has scored them is testament to that. He is also something of a dead ball specialist who can strike a mean free kick and can usually be relied upon to bury any penalties that he is asked to take.

Scholes meanwhile started out life as something of a poor man's Eric Cantona in the eyes of many. He played the role of support striker during Cantona's lengthy ban in 1995 for assaulting a fan, then reprised this role for a time after Cantona's shock decision to retire. He really began to stand out though as a central midfielder alongside Roy Keane, where he combined an ability to score goals with an excellent range of passing. Unlike both Lampard and particularly Gerrard he has never had a great engine on him and whilst he has never shied away from the physical element of the game it has been clear almost from the beginning that tackling is not a part of his makeup as a footballer.

Xavi and Messi have both publically stated their admiration for Scholes.
If comparisons are to be made between Gerrard and anyone in the Manchester United midfield of recent years it should be Roy Keane. Both players are regarded as the Captain Fantastic of their team. The man others look to when times are hard. In Gerrard's case it was through individual brilliance. On balance Gerrard is probably the more skillful of the two and has popped up on more occasions to win games through his own skill then Keane did.

Roy Keane's standard axe murderer expression probably
won United as many games as his footballing ability.
Roy Keane however, whilst a very talented midfielder himself was raised from the bracket of simply very good to great by sheer force of personality. People were scared of him, even his own team mates. His ranting and raving on the pitch galvanised United and turned as many draws into wins as Cantona popping up for the only goal off a another 1-0 game or Schmeichel pulling of a string of wonder saves to keep United in it when they were under the kosh.

Both of them will be remembered as players who won games of the up most importance to their teams (Gerrard in the 2005 Champions League final and Keane the 1999 Champions League semi final for example) and both have been greats of the Premier League who would have made it into almost any team ever. The debate on who is better out of those two could go on forever, but it is a much more meaningful one than comparing Gerrard with Scholes.

I also felt that whilst perhaps not trying to deliberately mislead people listening to the debate, Jamie Carragher still presented a few other facts to support his argument that do not take some critical factors into consideration.

The first one was around Scholes being shunted to the left wing during the Eriksson era to make way for the Lampard/Gerrard pairing in central midfield. Why, he asked if Scholes was so good was he demoted to the left wing, a position he rarely if ever played for Manchester United to make way for Gerrard and Lampard? Neville countered with his belief that it was the easy decision to take. Lampard's style isn't really suited to playing left wing and his goal threat could not be sacrificed in a team already over reliant on the goals of Owen and Rooney. This left it as a straight choice between Scholes and Gerrard.

Neither Beckham, Lampard, Gerrard or Scholes came out of "The Golden Generation"
period with much credit whilst playing for England.
Towards the middle period of the Eriksson era and onwards England progressively started moving away from playing chalk on boots type wingers, instead playing with a more compact midfield four. Beckham, always lacking in pace had almost completely abandoned going past people in favour of turning the play inwards by that point in his career.

When Gerrard played on the wing for England in his younger days he played much more in the manner of a traditional wide man, going past people and whipping the ball in. In a four man midfield playing against technically superior foreign sides, often playing with an extra man in there that sort of player had become more of a liability than an asset out wide. Trying to take people on by yourself makes you more likely to lose the ball and get caught out of position, leaving your team mates in 5 v 3 situation. Scholes therefore was seen as the best bet playing wide left out of the three in that sort of system and it was hoped he would provide something of a butterfly effect to Beckham's presence on the right.

Over the past thirty years England have tried playing all manner of people out on the left for tactical reasons. During the course of their careers the three most talented English midfielders in recent decades, Glenn Hoddle, Paul Gascoigne as well as Paul Scholes have all been tried out there to make way for technically inferior players in the middle of the park.

Veron never really settled in England for various reasons.
The other argument Carragher made was questioning why Ferguson felt the need to buy Veron if Scholes was so good. This statement overlooks several key points that need considering. The first is, at the time Veron was purchased Scholes was still playing much further forward than he has done in recent years. In his 20's he was a reliable source of goals and often spent more time on the edge of the opposition penalty area than further back down the pitch assisting Keane.

Veron was bought to play deeper than that and sit in there with the Irishman spraying the ball around in a five man midfield. This configuration was something quite new to Fergie who at the time still largely favoured a counter attacking style of play with two quick wingers. The venerable old system continued to work with great effect in the Premier League but the Scot had come to realise that it was not going to have the same effect in Europe against the best teams.

Despite having some good games in the Champions League for Manchester United that have seemingly been forgotten by most people, Veron's stay with Ferguson's men is now remembered as failure. That was partly because United's initial attempts at playing a modern possession game were spoiled by a lack of fluidity in forward positions at times. It was only really with the arrival of Carlos Queiroz that this element began to be ironed out of United's European performances, but that came too late to assist the South American.

Whilst United's inability to find a system that got the best from him did not help Veron, the main thing that sealed his fate was that in the Premier League when they were still mainly playing a straightforward 4-4-2, Ferguson almost always selected Scholes over Veron for the big games.

Its no when surprise looking at Gerrard and Scholes different styles that Gerrard is held in higher regard in the UK, but Scholes on the continent. He and Rooney are the only England international of the last fifteen years or so that can play a continental type possession game convincingly.

The two English players of recent times you most often hear praised
by foreign players and coaches are Rooney and Scholes.
This debate will likely continue to rumble on for many years yet but it would be wiser to appreciate both Scholes and Gerrard for the very different things that they both are rather than constantly trying to compare them to each other...

Monday, 16 September 2013

The good, the bad and the indifferent. How have the Premier League teams got on so far this season?

The  Good: Arsenal, Liverpool, Stoke, Newcastle, Everton, Tottenham, Cardiff

Arsenal: Before the season began question marks were once again being asked as to what exactly it is that goes on inside Arsene Wenger's head these days. The non reactionary element of their fan base have appreciated that he has had to work within financial constraints whilst the cost of The Emirates has been paid off, however recent Arsenal teams have looked unbalanced. Too many skill players, with a weak defence and goalkeeper. Since Robin Van Persie's departure you could also add to that a lack of goal threat.

Giroud has gone off like a train this year.
As the season has got going though Arsenal started brightly with Giroud leading the way for them before the club stunned everyone by bringing in Ozil. This is probably the closest they have looked to a decent side in the past three seasons or so and their fans will be hoping they can continue this through the Christmas period and beyond their traditional spring time collapse.

Sturridge is finally living up to his potential in a
Liverpool shirt.
Liverpool: Brendan Rodgers strikes me as the real deal as a manager. He seems to have good man management skills, an eye for a good player and be able to get a good mix together in his teams, which play slick passing football. This is the most dangerous Liverpool have looked as an attacking force since their golden period of a few years back when Fernando Torres, Steven Gerrard and Xabi Alonso were lighting up the Premier League.

All the signings they have brought in this summer look to have improved them and Daniel Sturridge has continued his goal scoring run that he began late last season. Add to that Suarez will soon be available again and Liverpool are definitely going to be up there this season. They still look a bit light on numbers though to maintain a title charge through the winter so they may buy again in January.

Stoke: The Stoke fans don't like him but Mark Hughes seems to have got them going again after a dreadful run of results last season almost saw them relegated. There is no doubting Hughes' record as a manager though. He has been a success everywhere he has been apart from perhaps Manchester City and even then given more time he may have succeeded.

Steven N'Zonzi is Stoke's stand out footballer.
Stoke look to have recovered the tough, physical element of their game that made the Britannia a place all teams dreaded going to, but added some good football to their side as well. Jermaine Pennant can still turn it on every now and again, plus they also have Steven N'zonzi, Charlie Adam, Jonathan Walters and Matthew Etherington who are all good footballers so getting the ball down and playing should never have been an issue for them.

Ben Arfa in action for Newcastle.
Newcastle: They had a bad run of injuries last year that affected their form but when everyone is fit and playing well they are a good side. The problem is that when people are missing or out of form they look like relegation fodder and have never really replaced the goals that the Ba/Cisse combination was delivering at one point a few years back. It remains to be seen whether they can maintain this good run therefore.


Everton: Despite losing Fellani to Manchester United, Everton came out of the summer transfer window pretty well all things considered. They managed to get Gareth Barry in on loan from Manchester City who has made an instant impact and they also managed to keep hold of the much sought after Leighton Baines. Despite losing Victor Anichebe to West Brom they have gained Romelu Lukaku on loan for the season.

Martinez has finally got his chance with a bigger club.

He has the potential to get twenty plus league goals this season, particularly if he starts getting on the end of some Leighton Baines crosses. Roberto Martinez looks to be the right man for the job so far, maintaining the defensive excellence of the David Moyes era and adding to that his own brand of attacking football.

Christian Eriksen had a great debut for Spurs.
Tottenham: After losing Modric and Bale in successive seasons and with a squad that was already small and patchy compared to their top four rivals, there was a real danger Spurs might lose all the momentum they had gained over the previous few seasons and slip back down into mediocrity.

Between them though AVB and chairman Daniel Levy have been magnificent this transfer window, bringing in a clutch of players in record time and not getting fleeced whilst doing so. Christian Eriksen already looks like being the steal of the season and all their other signings have had a good start too. I'm not sure Soldado will justify his price tag from what I have seen so far but goalscorers usually come at a premium price no matter how good they are.

Cardiff: The Welshmen are safely tucked away in mid table with a solid five points gained so far and its fair to say Cardiff have thus far outstripped expectations. They have played some free flowing attacking football and managed a famous victory against the mighty Manchester City and their team of megastars.

Cardiff fans can be satisfied with their team's start.
Like fierce rivals Swansea they play a fearless brand of football that often works because they throw caution to the wind and go for the throat of rivals where other teams may not out of respect for their reputation. South Wales was already a tough place to visit with just one Welsh team in the Premier League, but with Cardiff's arrival it has got even worse.

The Bad: Sunderland, West Brom, Swansea, Fulham, Aston Villa, Crystal Palace

Sunderland: The team from the north east have brought in a lot of players this summer (perhaps too many in too short a time period) and have allowed one of their brightest lights in Stephane Sessegnon to join West Brom. At this early stage of the season they are exhibiting all the signs of a team that are facing a long season looking over their shoulder.

The jury is still out on Di Canio at Sunderland.
Sunderland's problem stems from the fact that a few seasons ago they were able to boast a strike trio of Danny Welbeck, Darren Bent and Asamoah Gyan and have never replaced their goals. They also weren't helped by the fact that they all left at roughly the same time leaving the club with little time to get replacements in. They have continued to play well at times and have had some good players, but if you can't put the ball in the back of the net that won't do you any good.

West Brom: Another team that is right down the bottom of the table because of an inability to score goals, although their issues in this department are not as long standing as Sunderland's. Last season the goals of Romelu Lukaku and Shane Long had the Baggies as high as third place at one point, but this season the goals have not been as forthcoming. Loanee Lukaku has moved on and new boys Anelka, Anichebe and Sessegnon have not yet delivered for varying reasons.

Lukaku's goals will be in an Everton shirt this season.
They will probably have enough about them to escape relegation once they get a bit of momentum going but at present it doesn't look as though they have enough in the tank to replicate the highs of last season.

Swansea: Perhaps it is a little harsh to say Swansea have been awful this season. They have had a difficult start playing Manchester United and Tottenham in their first three games with Liverpool their opponents for the fourth, however they are still in the relegation zone with just three points. Manchester United were dreadful against them for large periods of their season opener yet were still able to soundly beat them at home.

Michu is still looking to recapture last season's form.
With Michu always looking unlikely to repeat his heroics of last season it is difficult looking at Swansea this syear to see enough goals in the team for them to have as comfortable time of it as they did last year. They should be good enough to easily avoid relegation but mid table obscurity will feel like a climb down after the cup silverware and league heights of last year.

Fulham: Mohamed Al Fayed finally ended his long association with the club over the summer and sold them to Pakistani-American Shahid Khan who ratcheted up expectations by stating he wanted to take the club forward. They have brought in big names Scott Parker and Darren Bent but have not yet really set the league on fire.

Darren Bent is a man desperately in need of a good season.
They aren't getting the goals they should be doing right now from Berbatov, Rodallega and Ruiz and they are a team without a great deal of pace in the side. They try to go through the middle a lot and if it isn't really happening on the day for them they don't look like they have a plan B.

Aston Villa: After their opening day win against Arsenal it looked like Villa were all set for a decent season after the relegation nightmare of last time out. Paul Lambert continues to rely on youth and more importantly the goals of Benteke, but if he gets injured or the goals dry up for any reason then I would fancy Villa as being relegation candidates by the new year.

Benteke has started this season as he finished the last one.
They have reverted to a similar counter attacking style under the Scot that Martin O'Neill was so fond of. When it works it serves them really well as they are able to quickly get the ball to the feet of the mobile Benteke, but it is hard to play at that kind of tempo every week, particularly against the stronger teams in the league. They don't look like they have brought in enough quality to make the step up to being a mid table team and there is the very real question of what they will do when their Belgian main man inevitably moves on next season.

Ian Holloway will be hoping Palace last longer in
the Premier League than Blackpool did.
Crystal Palace: They have played reasonably well so far in all their games this season, but they look like a typical Holloway side. They are too open at times and not tight enough at the back to survive into a second season in the Premier League.

Added to this that they have never lasted more than one season in any of their previous stays in the current incarnation of the top flight of English football and you have to wonder whether they have enough in the locker this time around to break that pattern.




The Indifferent: West Ham, Manchester United, Manchester City, Chelsea, Hull, Norwich, Southampton

West Ham: They have Andy Carroll and Stewart Downing out injured at the minute which is most definitely contributing to their goal drought, but despite that they are still clear of the relegation zone and looking as solid and tough to beat as you would expect from any Sam Allardyce side.
Despite not scoring many goals, West Ham under
Big Sam have looked dogged and determined.
It is unlikely that there will be much more transfer activity after the club's big outlay on recent signings
so if they are going to have a decent season it will have to be with what they currently have available. The West Ham owners, whilst not universally popular are not like Blackburn's owners. They brought Big Sam in to steady the ship and keep West Ham in the Premier League and barring an unlikely collapse in form he will be at West Ham for a fair while yet.

Manchester United: Without Fergie's magic wand getting United twenty points a season and after their disastrous summer transfer activity, many (including a lot of their own fans) were questioning whether the Red Devils had enough about them still to retain their title.

Van Persie has struggled for service at times this season.
So far this season they have looked excellent at the back, with David De Gea shaping up for another good campaign and Michael Carrick sat in front of the back four offering his usual calm protection. However the midfield has once again looked weak and as a consequence Robin Van Persie has been feeding on scraps a lot of the time. Wayne Rooney's absence due to injury and the merry-go-round of his doomed transfer to Chelsea robbed the team of further creativity. However since his gradual reintroduction into the side and the arrival of Fellani from Everton they have shown flashes of getting back to their best but are still lacking at least one creative midfielder to make them into the finished article.

When Silva plays well, City play well.
Manchester City: Another summer, another new manager and another load of money spent on attacking players. When they are on form they are flying but when they aren't it looks as though Pellegrini doesn't know his best side yet.

Also, Vincent Kompany and Zabaleta aside they don't look strong enough or even particularly well organised at the back. The other issue they have is if you throw enough money at it anyone can get a good first team together, the skill in management comes in succeeding at putting together a strong squad with the right balance of big name players and hungry youngsters who can still get the job done. Failing to do just that was in part what undid Roberto Mancini during his time at the Ethiad and it will be how his Chilean replacement succeeds in this task that will decide whether he survives as the latest person in the managerial hot seat at City.

Chelsea: Like rivals Arsenal, City and United, Mourinho's men so far this season look like they are missing an ingredient to be considered run away favourites for the title. Whilst looking strong at the back and having an abundance of great midfield players they don't look like they have enough goals in them at the minute.

"The Happy One" won't be that happy with his strikers so far this season.
They got a lot from midfield last year but Lampard isn't getting any younger and Hazard and Mata are yet to really get going this season. With Lukaku and Moses out on loan and Torres and Ba misfiring the bringing in of Samuel Eto'o looked like a slightly desperate move, something we aren't used to seeing from The Special One. The Cameroon striker at 32 looks like his best years are already behind him and fans of the blues will be watching on hoping he still manages to weigh in with a few important goals.

Hull: Since their promotion to the Premier League Hull City have spent a lot of money in an attempt to beat the drop at the end of the season. Danny Graham will get goals for them but he won't be able to keep them up single handedly.

Danny Graham brings a proven Premier League goal threat.
So far they have given a reasonable account of themselves but whether they make into a second season of Premier League football is largely going to depend on how they are affected by injuries and how the teams around them get on this season.

Norwich: The Norfolk men have brought in some good players this summer. Johan Elmander was a skilful if not exactly prolific striker during his time with Bolton and Ricky Van Wolfswinkle was being touted not so long ago as one of the hottest prospects in Europe. Javier Garrido's loan move from Lazio being made permanent is also a boost as is the arrival of Martin Olsson from Blackburn.

New comer Ricky Van Wolfswinkle will be hoping to maintain his
goalscoring form.
With those players now on the books expectations have perhaps been raised around Carrow Road and as a result four points from twelve may be considered a disappointment. After their close call with relegation last season though, The Canaries currently sitting in 14th place in the league can be considered a fair return for their efforts.

Southampton: Their form thus far this season has been a little patchy, however for a side that were only promoted last season they look well on the road to becoming an established Premier League outfit. The big question mark for sides fighting to stay in the league is always around whether they will score enough goals.

After a career in the lower leagues, Ricky Lambert is currently Southampton
and England's main man.
Now that Osvaldo and Wanyama have arrived to help shoulder the goalscoring burden with Ricky Lambert they have been creating enough chances so far this season to indicate that they will. Some Saints fans though have questioned whether Osvaldo and Lambert will form a good partnership together from the evidence of what they have seen on the pitch so far. If they do Southampton should easily avoid the drop.