Ariel Investments’ Post

Another 16 net exits from the industry this week. ⬇ The biggest gain goes to Godfrey Pembroke Group, with 2 joining. Welcome to Ashleigh Dodt (Infocus (Australia)), Tim Renfrey (Ord Minnett), and Glyn Cooper (Empire Financial Group). Congrats! 👏 Your free Adviser Ratings profile is ready for you to claim! (Link in comments) Luke, Nicolás, Angus #weeklymovements #weeklyupdates #ardata #financialadvice #affordableadvice #accessibleadvice #advisermovements

We're thrilled to announce that Maxine, our esteemed Managing Director, will be a guest speaker at the Urgent Property Legislation & Finance Update - Key Changes You Need to Be Aware of as a Property Investor. Join us on Tuesday, January 9th, 2024, from 6:30 pm to 9:30 pm at the Royal Air Force Club, 128 Piccadilly, London W1J 7PY. 🔍 At this Premier Property Club event, gain valuable insights from the UK's leading Property Experts, including Maxine herself. Discover key predictions for 2024, learn about potential mistakes investors might make, understand crucial white paper changes in the private rented sector, and delve into the impact of the rental reform on property investors. Don't miss the chance to navigate the upcoming interest rate rise and uncover strategies to maximize your cashflow. 👉 Secure your spot now (limited to 100 attendees): https://lnkd.in/eykmEFje 🔗 Connect with us to stay informed! #AmaxEstates #PropertyInvesting #FinanceUpdate #RealEstateUK #PremierPropertyClub #LondonEvent #PropertyExperts #InvestmentStrategies #LegalCompliance #MaximiseCashflow #PropertyPredictions2024 #BookNow #LimitedSpots #UKPropertyMarket #AmaxInsights

Manchester United recently faced potential breaches of the Profitability and Sustainability (P&S) Rules due to increased losses. However, they managed to avoid penalties by attributing significant financial setbacks to the COVID-19 pandemic. This case sheds light on how clubs navigate the complex financial landscape of professional football. The Profitability and Sustainability Rules, introduced by the Premier League, aim to ensure clubs operate within their financial means and avoid reckless spending that could jeopardise their long-term stability. P&S measures a club’s Adjusted Earnings Before Tax over a three-year period, with the current monitoring period covering four seasons due to the pandemic. Adjusted Earnings Before Tax are calculated as profit before tax plus several addbacks: 1. Depreciation/impairment of tangible fixed assets 2. Amortisation/impairment of intangible fixed assets (excluding players) 3. Transactions with related parties (above/below fair value) 4. Youth development expenditure 5. Women’s football expenditure 6. Community development expenditure 7. COVID-19 losses For the 2021-22 season, Manchester United claimed £40 million in losses due to the pandemic, a figure notably higher than those reported by their rivals. This substantial claim was crucial for their compliance with the P&S Rules. The club argued that pandemic-related disruptions—such as sponsors failing to meet payments, ending partnerships, and the cancellation of the 2021 summer tour—severely impacted their finances. The Premier League accepted these claims, recognising the unprecedented financial challenges posed by the pandemic. This acceptance highlights the league's flexibility in addressing the unique circumstances that COVID-19 brought, which affected revenue streams across the board. In addition to the COVID-19 allowances, Manchester United omitted £35 million in costs associated with Sir Jim Ratcliffe’s Ineos deal. The club argued that these fees were part of the ownership structure rather than operational football expenses and should not be included in the P&S calculations. This approach mirrors a similar stance taken by Chelsea during their 2022 takeover, indicating a common strategy among clubs to manage their financial statements carefully. Despite these significant financial manoeuvres, no breach charges have been brought against Manchester United. This situation underscores the confidentiality that often surrounds P&S Rule compliance. Manchester United has publicly asserted its full compliance with the P&S Rules, highlighting their commitment to prudent financial management. Manchester United's case serves as a reminder of the importance of understanding financial regulations in football. #ManchesterUnited #FootballFinance #PremierLeague #FinancialCompliance #FootballEconomics #ClubSustainability #SportsFinance #FootballRegulations #FootballClubs #SportsBusiness #FinancialFairPlay https://lnkd.in/eJw-mYQn

Brentford FC's remarkable rise to The Premier League is a testament to the power of data-driven strategy, spearheaded by owner Matthew Benham. His innovative approach, combining analytics with football management, has disrupted traditional methods and yielded impressive results. However, as Benham considers selling his stake in the club, questions arise about the sustainability of this success without his visionary leadership. The author of a new book, Alex Duff, on the club’s remarkable rise gives Off The Pitch the inside track. 1. How did Matthew Benham's data-driven strategy transform Brentford Football Club? Benham implemented a rigorous analytics-driven approach to decision-making and player acquisitions. By leveraging statistical models and hiring key personnel with diverse backgrounds, such as Mark Warburton and Rasmus Ankersen, Brentford adopted new techniques that improved team performance and strategic decision-making. 2. What challenges did Benham face in implementing his strategy? Benham encountered significant resistance from traditional football culture, which was skeptical of data-driven methods. His ideas often clashed with established norms, leading to conflicts with management. To circumvent this, Benham acquired FC Midtjylland in Denmark, where he successfully tested and refined his strategies before fully implementing them at Brentford. 3. What is the potential impact of Benham's departure on Brentford FC? Benham's potential sale of Brentford raises concerns about the club's future without his direct influence. The integration of Smartodds, his betting intelligence company, with the club has been crucial to their success. Maintaining this "umbilical cord" of data analytics expertise is vital. #SportsBusiness #Football #SportsBiz #Finance #People #Data #Tech #Intelligence #Investment

🔴 𝗠𝗮𝗻𝗰𝗵𝗲𝘀𝘁𝗲𝗿 𝗨𝗻𝗶𝘁𝗲𝗱'𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝘀 𝗶𝗻 𝗥𝗲𝘃𝗶𝗲𝘄: 𝟮𝟬𝟮𝟮 𝘃𝘀. 𝟮𝟬𝟮𝟯 🔴 Manchester United has disclosed its consolidated accounts for the year ended 30 June 2023. The overall loss for the year was £28.7 million (2022 - £115.5 million). 1️⃣ 𝗧𝗼𝘁𝗮𝗹 𝗥𝗲𝘃𝗲𝗻𝘂𝗲: 2022: £583.2M | 2023: £648.4M YoY Change: +£65.2M (+11.2%) 2️⃣ 𝗧𝗼𝘁𝗮𝗹 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀: 2022: £692.5M | 2023: £681.1M YoY Change: -£11.4M (-1.6%) 3️⃣ 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗟𝗼𝘀𝘀: 2022: -£87.4M | 2023: -£11.2M YoY Change: +£76.2M improvement 4️⃣ 𝗟𝗼𝘀𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗬𝗲𝗮𝗿: 2022: -£115.5M | 2023: -£28.7M YoY Change: +£86.8M improvement 📈 A remarkable £65.2M increase in the reported total revenue, combined with a £11.4M decrease in the total operating expenses caused this considerable improvement in the operating loss. 🔎 For a more detailed analysis, I invite you to explore the breakdown in the attached PDF. 𝘐𝘧 𝘺𝘰𝘶'𝘳𝘦 𝘪𝘯𝘵𝘦𝘳𝘦𝘴𝘵𝘦𝘥 𝘪𝘯 𝘵𝘩𝘦 𝘵𝘰𝘱𝘪𝘤, 𝘧𝘰𝘭𝘭𝘰𝘸 𝘮𝘺 𝘸𝘰𝘳𝘬 𝘢𝘴 𝘐'𝘭𝘭 𝘶𝘯𝘳𝘢𝘷𝘦𝘭 𝘮𝘰𝘳𝘦 𝘪𝘯𝘴𝘪𝘨𝘩𝘵𝘴 𝘧𝘳𝘰𝘮 𝘴𝘦𝘷𝘦𝘳𝘢𝘭 𝘧𝘰𝘰𝘵𝘣𝘢𝘭𝘭 𝘳𝘦𝘱𝘰𝘳𝘵𝘴, 𝘦𝘹𝘱𝘭𝘰𝘳𝘪𝘯𝘨 𝘵𝘩𝘦 𝘥𝘦𝘱𝘵𝘩𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺'𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘪𝘯𝘵𝘳𝘪𝘤𝘢𝘤𝘪𝘦𝘴. #ManchesterUnited #PremierLeague #FinancialStatements #IncomeStatement #Revenue #OPEX #Profit #Loss

Citywealth clients have launched new sporting services Following the Olympics, many Citywealth clients have launched new sporting services. Here is one example from Affinity Group in the Isle of Man. Read more: https://lnkd.in/erGpAEaw Subscribe to the Citywealth Weekly Newsletter to learn more about Private Wealth Management: https://lnkd.in/dS2Sw9ey #Citywealth #privatewealth #privateclient #lawyers #accountants #trustees #privatebanks #investmentmanagers #PrivateWealth #lawfirms #financialservices #trusts #wealthmanagement Andy Morgan Alexandra Gardner

Exciting news from St James’s Place! Their shares have soared by a fifth following the announcement of their cost-cutting plans. The Financial Times has all the details on how the company is making strategic moves to enhance its financial performance. Check out the article to learn more about this significant development. #StJamesPlace #FinancialTimes #InvestingOpportunities https://ift.tt/UPrAp4N

Here’s your daily round-up of the latest news and views from EG. 🏆 Cushman & Wakefield sits at the top of the EG Radius office leaderboards in the second quarter, after a strong performance across London sub-markets helped it it transact almost 1.2m sq ft in the capital. Based on transactional data shared by members of the EG Radius community, the leaderboards cover all occupier sales and lettings but exclude lease renewals. Find out where your firm ended the quarter at the link below. 📉 A £483m impairment on Hammerson’s Value Retail business, which it sold its stake in earlier this week, pushed the REIT firmly back into the red in today’s half-year results. The REIT reported an IFRS loss of £517m, compared with just £1.2m of losses in the same period in 2023. Chief executive Rita-Rose Gagné said: “We are realising the benefits of our investments in recent years and with the agreed disposal of Value Retail, we now have the capacity and capability to accelerate growth and value creation.” Speaking with EG earlier in the week, Gagné said: “We scaled back, but we are scaling back up. The notion was never to make the company smaller, it was to make the company larger and stronger. We just had to go down this path to then grow it back in the right way.” 📈 Primary Health Properties PLC (PHP) is aiming to grow its portfolio exposure in Ireland to around 15% in the near-term as its future development pipeline in the UK is held back by slow rental moves and high costs. Chief executive Mark Davies said: “We’ve established a strong footing there. We were an early mover about 10 years ago and we were able to buy well with limited competition. “We’d like to increase our weighting in Ireland and to do that we’ll rely on our team. We’ve got 30 people on the ground, their eyes and ears we think are the best in the market, and we have a great technical capability out there as well.” 🗞 There’s also news on new retail deals for GPE, the next life sciences campus from UBS and REEF, and a call for the government to show “coherence, clarity and consistency” on housing policy. All this and more here. https://lnkd.in/eqcC-SQQ

Great to read Knight Frank's UK BTR market update this afternoon. Across the next week, I'll be posting my key highlights from the report, starting with it's most notable headline! Investment in the sector hit its highest recorded figure for a first quarter, up 21% year on year. #btr #buildtorent #marketupdate

Reflecting on a fantastic morning on Thursday hosting the inaugural Harris Associates BTR Club - Developer Edition at Claridge's. We enjoyed a great breakfast with engaging discussions, enriched by insights from top industry leaders.   Huge thanks to Paul Cummins from JRL Group Ltd, Damien Sharkey from HUB, Michael Old from Moda, Edward Owen from Packaged Living, Max Sugden from Telford Homes and Oliver Westray MRICS of McLaren Property. Also special thanks to Damian Wild for moderating the thought provoking discussion.   As the economic outlook starts to brighten up with inflation below expected levels and the market pricing in interest rates to drop sooner than expected, my top three takeaways from the breakfast are as follows: 1. The market is evolving - 'Discount to VP' metrics are decreasing in relevance, particularly in the multifamily space which continues to mature. 2. Surprising fact of the day - Palm Beach, Florida, has seen more BTR units than the entire UK to date!  3. Alignment with investors and developers is becoming increasingly important to unlock development and bring forward supply. This is now filtering into more creative structures that mean returns for the developer are being linked with asset performance. One obvious revelation from this and other recent BTR events in the UK is that the sector is evolving at a remarkable pace and there is so much room for further growth. #BTR is a dynamic and exciting market we are glad to be part of.   Looking forward to our next gathering! #BuildToRent #RealEstateInsights #HarrisAssociates