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finances 5 definitions

The Championship (English 2nd tier) Playoff Final is often referred to as ‘the richest game in football’. It is a one-off game at Wembley Stadium between the two semi-final winners, to see who gets the final promotion spot to the following seasons Premier League. The top two teams are automatically promoted, with the following four teams facing each other in two-legged home and away semi-finals, and the winners playing off at Wembley in the final.

The winners of the 2024-25 Championship Playoff Final, Sunderland, were expected to make a minimum of £200 million in extra income after their victory over Sheffield United. This includes access to the massive broadcast deal, commercial fees, merit payments, and potential parachute payments should they get relegated back to the Championship. It also includes a share of the around £2 million gate receipts from the final at Wembley.

The Gaffer
The Gaffer May 11, 2026
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The ‘Big Six’ is an informal term that is used to describe the biggest clubs in the English Premier League. In the 2000s there was a big 4 of Manchester United, Arsenal, Chelsea, and Liverpool. In the 2010s they were joined by Manchester City and Tottenham. They are traditionally the most successful clubs, have large fanbases, and generate most of the revenue for the entire league between the 6 clubs. Some people might say that Tottenham shouldn’t be a ‘Big Six’ club due to their Spursy nature.

Should Aston Villa and Newcastle be in with a shout to replace Spurs in the ‘Big Six’ conversation now they’re regularly in the Champions League?

The Gaffer
The Gaffer Apr 22, 2026
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Spreading the cost of a transfer fee across the length of the player's contract for accounting purposes. A £100m signing on a 5-year deal costs £20m per year on the books, not £100m upfront. It matters for Financial Fair Play and profit/loss calculations. Clubs use it to make expensive signings look more affordable. Understanding amortisation explains a lot of weird transfer behaviour.

When Chelsea was bought by BlueCo. the new approach was to sign young players on very long contracts, spreading the cost across multiple years. For example, Enzo Fernandez cost £106 million but the cost was spread over 8.5 years, an amortisation of £12.47 million per year, to help then comply with PSR.

The Gaffer
The Gaffer Jan 19, 2026
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Public statements and newspaper rumours coming from agents. Agent talk is designed to put pressure on clubs over player contracts or potential transfers. It usually involves saying the player is "disappointed" and mentions "interest from other clubs". This can work to create fan pressure to force the club to give a player a new, bigger contract, or it can backfire and led to a player looking greedy or disloyal. Super agent Mino Raiola was the master of agent talk.

Every couple of years during his time at Liverpool, Mohamed Salah's agent Ramy Abbas, lets out statements to stir up controversy and confuse matters. It usually happens on international duty with Egypt when the comments can be put down to 'mistranslation' back to the English press. It's worked, giving Salah a bigger contract every time until his decision to leave Liverpool at the end of the 2025/26 season.

The Gaffer
The Gaffer Jan 19, 2026
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The money paid to agents for facilitating transfers for players between clubs or contract renewals at their current club. Agent fees can be enormous - sometimes tens of millions for a single deal. Agents get paid by clubs, players, or both. The fees have grown so large that clubs and FIFA have tried to regulate them. Super-agents like Jorge Mendes and the late Mino Raiola built empires on these commissions.

Mino Raiola reportedly earned over €20 million in fees for Paul Pogba's €105 transfer to Manchester United in 2016 - a sum that highlighted how much money flows to intermediaries in major transfers.

The Gaffer
The Gaffer Jan 19, 2026
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