THE BREAKDOWN: What Salah’s Departure Tells Us About Liverpool, Another Chelsea Scandal & Key and McCullum Survive (E12)

27 Mar 2026 · 1 h 17 min · 33 chapters

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In short

The episode links football governance and leadership failures to on-pitch outcomes, focusing on (1) Liverpool’s Mohamed Salah exit, (2) Chelsea’s record Premier League punishment for historical rule breaches, and (3) England cricket coach Brendon McCullum keeping his job, plus a broader look at the Premier League relegation battle (Spurs/West Ham) and other league outcomes.

Guests

Charlie Stebbings (host) and Charlie Methven (sports executive). Methven also mentions being a non-executive director at Walton and Hersham, potentially the first club in the English pyramid to reach the 6th tier.

Key claims

  • Chelsea’s punishment (record fine, suspended transfer ban) stems from off-book payments during Roman Abramovich’s era (2012-2017), including to players like Eden Hazard, Willian, and David Luiz; the episode argues transfer bans should have been harsher and titles should be stripped.
  • Liverpool’s Salah departure is framed as a “colossal cock-up” tied to contract-management errors and leadership turnover at Fenway Sports Group (Michael Edwards leaving, Ian Graham leaving, Julian Ward leaving; Richard Hughes later).
  • Salah’s decline is attributed to age/physical drop after a peak contract, plus reputational damage from public disputes and trust erosion around Arne Slot.

Notable examples

  • Salah’s new deal: about $400,000/week (~£40m over two years), followed by reduced output (5 goals, 3 assists).
  • Spurs relegation psychology: the episode contrasts “firefighter” managers (Big Sam/Hodgson/Pulis) with Igor Tudor’s inexperience in England.
  • Chelsea titles discussed: Mourinho/Conte-era Premier Leagues; if stripped, Spurs would be champions in 2016-17 (86 points).

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

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Chelsea's Record Fine and Reaction

0:45 to 2:20

Discussion on Chelsea receiving a record fine and their response to it.

“I'm Charlie Stebbings and joining me is the legendary sports executive Charlie Methven.”

Salah's Departure and Its Implications

2:20 to 4:00

Analyzing Salah's departure from Liverpool and the subsequent impacts.

“We actually recorded quite early in the week last week, and we're recording quite late in the week this week.”

Reflections on Leadership and Failure

4:00 to 6:35

Exploring themes of leadership failures in Liverpool and broader implications.

“And then the listeners have got no choice, other than to switch off, of course.”

Gallivanting and Sports Business Updates

6:35 to 8:00

Hosts share their personal updates and discuss the latest in sports business.

“that you were going to be in a relegation fight earlier in the season, just psychologically.”

Spurs' Relegation Battle and Psychological Factors

8:00 to 11:40

In-depth analysis of Spurs' relegation risks and psychological factors involved.

“You've got very inexperienced owners because effectively what you've got is you've got Joe Lewis, who's been the hands-off major shareholder for 25 years.”

Celtic's Struggles and Broader Impacts

11:40 to 14:01

Discussing Celtic's performance challenges and their implications in football.

“I'm now looking out for Scottish football results.”

Introduction to Chelsea's Current Issues

14:01 to 14:18

Discussion on the ongoing problems at Chelsea FC.

Chelsea's Record Fine and Historical Context

14:19 to 16:50

Exploration of Chelsea's record Premier League fine and its implications.

“sorry there's something even worse first obviously it's going to hurt me even more isn't there oh god we have to discuss bloody Chelsea I mean really every bloody week He gets Chelsea.”

Comparing Chelsea and Manchester City

16:51 to 19:16

Analyzing the differences in charges against Chelsea and Manchester City.

“But these discrepancies were first unearthed during the diligence process that Bowley and Clear Lake, what they called Blue Co at the time?”

The Impact of Chelsea's Historical Breaches

19:17 to 21:24

Discussion on Chelsea's past financial breaches and their consequences.

“A suspended transfer ban, which really is no punishment at all.”
Show all 33 chapters

The Title Stripping Proposal

21:25 to 25:15

Debate on whether Chelsea should be stripped of titles won during breaches.

“I would have visited the punishment on the club for the years and stripped them of their titles from those years.”

Listener Feedback on Liverpool FC

25:16 to 26:24

Addressing listener requests to discuss Liverpool FC's current situation.

“US college sports and in particular March Madness, which is going on right now.”

Mohamed Salah's Departure and Its Implications

26:25 to 28:00

Discussion on Salah's impending departure and Liverpool's future challenges.

“flooding in and by flooding in I would say we probably had upwards of a hundred such requests across the different platforms and through various different LinkedIn communications and so on and so forth.”

Salah's Contract Situation and Premier League Challenges

28:00 to 28:58

Discussion on the implications of Salah's contract nearing expiration and the challenges faced by older players in the Premier League.

“Mohamed Salah was coming towards the end of his contract.”

Liverpool Fans Demand for Salah's Retention

28:58 to 30:09

Exploration of Liverpool fans' passionate support for Salah and the pressures on the club regarding contract negotiations.

“not going to offer Salah a contract extension.”

Liverpool’s Financial Decisions and Club Management

30:09 to 32:15

Analysis of Liverpool's cautious financial strategy over the past decade and the implications of Salah's new contract.

“They've always been on the cautious side.”

Leadership Changes and Strategic Direction at Liverpool

32:15 to 35:13

Discussion on the leadership shifts within Liverpool and how they have impacted the club's strategic direction and performance.

“because overall their tenure at Liverpool has been really successful.”

Evaluating Salah's Performance and Contract Value

35:13 to 36:36

A critical evaluation of Salah's performance post-contract and the broader implications for player management at Liverpool.

“And the point I'm going to leave you with, Charlie, is the point I always make about these things, which is in the end, that kind of stuff always catches up with you on the pitch.”

Discussion on Contract Management of Key Players

36:36 to 42:04

A deep dive into the contractual situations of Liverpool's key players and the consequences of letting contracts run down.

“and Trent probably would have been the one that was moved on.”

Salah's Departure and Liverpool's Leadership Challenges

42:04 to 44:44

Discussion on the implications of Salah leaving Liverpool and the club's management decisions.

“Perhaps the Anfield crowd needed to see it for themselves to be reconciled with his leaving.”

Liverpool's Transfer Strategy Shift

44:44 to 48:20

Analysis of Liverpool's evolving transfer strategy and recent spending patterns.

“I think it was about 400 million worth of talent.”

Comparison of Current and Past Recruitment Strategies

48:20 to 52:22

Examination of how Liverpool's current recruitment approach differs from their historically successful methods.

“And it just feels to me like the last three or four years has been building up to a point at which Liverpool's no longer the thing that it was before in the run up to 21, 22, that type of thing.”

Transitioning Ownership and Future Outlook

52:22 to 54:32

Exploration of Liverpool's ownership dynamics and the potential future direction of the club.

“to continue at the heights it's been operating at for the last 10 years.”

Brendan McCullum's Continuity in England Cricket

54:32 to 55:40

Discussion on the decision to retain Brendan McCullum as England's head coach despite disappointing results.

“Charlie, there's been another massive story of the last few weeks that I know has got you very excited.”

Leadership Accountability in English Cricket

55:40 to 56:00

Critique of the ECB's leadership decisions and their implications for English cricket's performance.

“Now, I kind of know what he means, right?”

Richard Gould on ECB Leadership and Accountability

56:00 to 57:19

Discussion on Richard Gould's leadership at the ECB and the criticism he faces.

“Just to be really clear, the big issue a lot of people, I think, including myself as a fan, have had recently is this kind of stoic, unrelenting self-assessor.”

Assessing England's Test Cricket Performance

57:20 to 59:59

Analysis of England's performance in Test cricket over the last four years.

“However, the other main protagonists here are Rob Key, the managing director of professional cricket at the ECB, former test player himself, Brendan McCullum, the head coach, and Ben Stokes.”

Foundational Beliefs of England's Cricket Leadership

1:00:00 to 1:03:47

Exploration of the foundational beliefs held by the current England cricket leadership.

“During that time, we have been the third best test-playing country of those three leading nations.”

Criticism of England's Coaching Philosophy

1:03:48 to 1:05:08

Discussion on the criticism faced by the England coaching staff from former players.

“So this is what they state themselves on.”

Challenges in England's Cricket Leadership

1:05:09 to 1:10:04

Examination of the challenges and lack of clarity faced by England's cricket leadership.

“a whole bunch of these foundational beliefs in order to keep their jobs.”

Accountability in England Cricket's Leadership

1:10:04 to 1:11:50

Explore the issues surrounding accountability and leadership beliefs in England cricket.

“Because I've heard Rob Key talking about the foundational belief that you can go all out aggression and that can work against top class attacks.”

Ben Stokes' Role and Leadership Challenges

1:11:51 to 1:14:31

Discussion on Ben Stokes' position and the responsibilities of cricket leadership.

“If this set of beliefs and that set of results have been delivered in India, by India, or by Australia, they wouldn't have got to four years.”

Concerns for Future Leadership in English Cricket

1:14:32 to 1:16:27

Analyzing the potential risks for English cricket due to current leadership shortcomings.

“I dearly hope we don't, because I said this is my England cricket fandom is my cricket fandom.”
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Transcript

Automatic transcript. May contain errors.

0:00Whatever you do as a football club, do anything you possibly can to avoid being discussed on the breakdown. Bad shit happens after that. Chelsea received record Premier League fine. Suspended transfer ban. The club welcomes the recognition from the Premier League of its exceptional cooperation. In other words, congratulations to us. Yeah, we're great. Next in the spotlight, Liverpool FC. The club has announced that Mohamed Salah is going to leave at the end of the season. This is an end of an era, but it's also a colossal cock-up. You live long enough to see yourself become the villain. They become the thing they've been fighting against for so long.

0:30After such an epic winter of disappointment and failure. It can only be called failure. Not a single change is taking place amongst a group of people that were responsible. When you get this kind of lack of leadership and these fault lines, funny things can happen. Where would you sit on Ben Stokes and all of this? Look. Hello and welcome to The Breakdown. I'm Charlie Stebbings and joining me is the legendary sports executive Charlie Methven. I feel like we've had months worth of news that has happened since we last recorded. Mo Salah's departure announcement, yet more Chelsea punishment. Brendan McCollum's continuation as England head coach.

1:06Spurs going deeper into the relegation pit. Where do we even start? Don't worry, we'll be taking a look at all of this in some capacity. But the Mo Salah news and what it tells us about Liverpool's current situation, alongside the ECB's decision to stick with the leadership that oversaw such a depressing winter for English cricket, will lead from the front in this week's episode of The Breakdown. Charlie, welcome back. It feels like it's been a while. There's no point in saying welcome back to me. it's you who's gone away. I know, well sorry but I say welcome back to the studio I've been gallivanting around on holiday for a few days which has been extraordinary.

1:40On what we used to call in the 1980s the slopes. No, the slopes the slopes were oh, it was lovely it was so nice. A few days off I appreciated you sending me a message saying do you actually want me to bombard you while you're away or do you want me to let you have a bit of a break? Leave you in peace. Yeah. Yeah. Well, I kind of realised that off the back of 25 unread messages. Well, sorry as everyone now knows There's 25 unread screenshots of various articles. I have got better at sending you the links, but if you're not a subscriber to some of them, I sort of feel it's tantalizing. No, I've actually now a subscriber to The Telegraph.

2:14Oh, that's very good. My former employer. Company expense. Excellent. How have you been? It's been such a busy week. We actually recorded quite early in the week last week, and we're recording quite late in the week this week. So the things that has happened. A lot's been going on. A lot has been going on. It's funny, isn't it? You go through. I sort of felt in the couple of weeks previous to that, that in terms of sort of major breaking sports business news, we're just a little bit on the low side. So we took the opportunity to do deep dives into things like, you know, horse racing and sort of Scottish football and the situation with Iran and these types of things with the Iranian war, I should say.

2:51Whereas like this week, suddenly everything's exploding and we're back in the situation of having to try and work out what to talk about and what not to talk about. But yes, while you've been away, gallivanting, as you say, I've been attending to my knitting, watching football matches. You're not wearing one of your famous pullovers. That's true. That's true. We got to that time of year where the sleeveless v-neck, which some people seem to call tank top. I'm not quite sure why. Sleeveless v-neck is the correct term. It's a little bit nice outside for that now. I actually today have brought in Emmanuel Macron style sunglasses so that I can...

3:30Everyone turn your video on. You're not going to wear them throughout the year. Let's just see what that looks like. I'm going to take a little sort of... When the YouTube video comes out, I'm going to see what it looks like, me doing this in shades and see how you cope with it. But yeah, my various football clubs are, you know, in good fettle, I'd say. But I want to give a proper shout out, and I don't often do this because it's a sports business podcast, but I've asked you in advance for your indulgence. And then the listeners have got no choice, other than to switch off, of course. So, Walton and Hersham, the London non-league football club, of which I am a non-executive director, are potentially going to be this Saturday the first club in the English pyramid to get promoted.

4:19We've had a fantastic season. This is a club that's already been promoted in three of the last five seasons. So we're coming up from starting in the 10th tier of English football. And if we get promoted this year, we're going into the 6th tier, which is when stuff gets serious, effectively, in the 6th tier. And that's the highest level that Walton and Herschel will ever have played at. But anyhow, if we win this weekend and our main rival does not win this weekend, then we are effectively promoted at that point. Is this what we can call the Charlie Methvin effect? I think as a non-executive director, it would be stretching it a bit to call the Charlie Meffin affair.

4:54Let's just say that I've chosen a very good club to be involved with. Excellent. That's quite extraordinary. So roll up for the Swans this Saturday. Could be a momentous moment in their history. Long history. Could be a momentous moment in their history. The first time they get promoted to the sixth tier. And I'm going to be there. So if anyone wants to come along and grab a beer off me, then I'd be delighted. Anyhow. So, quick. Do we need to catch up on other matters? We do. I mean, I like to call us pioneers of this subject because when we first put the video out and had the discussion, everyone came in going, this is way too early.

5:28This is never going to happen. Spurs will never get relegated. How long ago did we do that podcast? A month ago at least. Yeah. And the... What were the odds on relegation at the time? I really pushed my memory. I think it was about, was it five to one? I think it was eight to one. Eight to one. Yeah. Yeah. it was 17-2 in fact 8.5-1 and now 11-8 or something I think it is now it's 11-8 so give or take even money pretty much bang on West Ham I think they're both about 11-8 quite extraordinary and as my BBC notification flashed up for the third time Nottingham Forest 3 Spurs 0 I couldn't help but think this really could happen it's more or less even money and it means it's a 50-50 chance, give or take.

6:20So, you know, it's as likely to happen as not to happen. And I think what's becoming abundantly clear is something that we mentioned on that podcast four or five weeks ago, which is that in relegation fights, you are advantaged if you already knew that you were going to be in a relegation fight earlier in the season, just psychologically. Psychologically, you're able to approach games with a mindset of, okay, we're going to need to play back-to-the-wall football. We're going to need to grind out a point here. We're going to need to focus on our set piece. We're going to need to somehow get a goal and then maybe have to put men behind the ball.

6:57That's a certain mindset in football. But the players who have come to Spurs and the club as a whole, psychologically would go into every match thinking, we want to play. And the problem is, when you try and play, if you're not very good, you get picked off. It's a really good point. And the mindset, you could throw that exactly at how they dealt with the managerial appointment of Igor Tudor. Deciding that that was the manager you were going to put in position while facing a relegation dogfight. Never having managed in England before, not understanding what it's like to play down the bottom end of the Premier League.

7:35Because there's a reason why, despite fans laughing at it, you bring the old boys back together and the Roy Hodgson's and the Big Sam's and the Tony Pulis's. There's a reason why those managers continue to get brought in at this time of the season. Absolutely. And there's a reason why the international manager, the inexperienced manager in this country wasn't put in those situations. So that kind of lack of preparedness on the pitch, yes, from a player's perspective, but also from the executive level. And the ownership level. You've got very inexperienced owners because effectively what you've got is you've got Joe Lewis, who's been the hands-off major shareholder for 25 years.

8:11and then with him now very elderly having handed over to his children who have had no active role in the running of any football club let alone Spurs and who live abroad so you've got an absentee inexperienced ownership you've got a chief executive who everyone really really likes but he's climbed the greasy pole of corporate life at Arsenal that's not quite the same as fighting your way through various different football executive positions where you have to get this club promoted stop that club getting relegated, turn a club around, all of that kind of stuff. It's a very, very different mindset.

8:46I don't value one more highly than the other one, by the way, but it is different. It's very, very different. And a group of players who have been brought to the club believing that not only are they going to play European football, but they're going to continually qualify for European football and then play for their national teams in World Cups and all this type of stuff. And suddenly you're, there you are. You're down there in Big Sam territory. And as you say, if ever there was a moment. Does that manager at the moment really exist? Right. So Big Sam hasn't managed now for quite a number of years.

9:17Tony Pulis has actually formally retired. Mick McCarthy has not formally retired, but hasn't managed for a year or two now. And that was in the championship. Harry Redknapp. Harry Redknapp is 80 almost. Hasn't managed for quite a long time. Who is the current sort of firefighter, Deneau Jour? At the moment, I can't think off the top of my head who that guy would be. No, because all of that lot, that brigade, as you say, they're done. I mean, even someone like Tim Sherwood mentioned many times, a younger version of it. He hasn't managed enough. You wouldn't be looking at that exactly. He hasn't managed enough.

9:50What you're looking at there is an association with the club. It's like, okay, where does someone who has that deeper affinity, where could they come in and work with the club because they know the organization? But that's not because of his experience coming into these situations, saving clubs from relegation. So, yeah, I don't know what it is. I think what you really would look at is purely back on what we talked about last week, which is the experience. And if you're making a bet, which at this stage, even putting one of those managers in, there's still a bet. It's still their ability to go and work with a group of players, as you've highlighted, that are not prepared for the situation.

10:21I think psychologically, there's just a bit of a sort of humiliation effect going on here, which is that for Spurs to reach for that particular ripcord, I think would have, at board level, just hurt. Okay, but what's worse? I'm getting relegated. I'm trying to explain it, not complaining about it. Anyhow, the bottom line is that they're right in the thick of it. West Ham, it's funny because five weeks ago on that podcast, I said the key here is West Ham because Tottenham can carry on being dreadful, but the gap to West Ham is still five or six points. So unless West Ham start winning games, and at the time they were actually playing okay but weren't winning many games.

11:00And I said if West Ham start winning, which with Bowen and Somerville playing well, they could potentially do, then Spurs have got a big problem. And it has mapped out exactly as we thought. What is interesting with those two is either way, you're going to get one mighty stadium operating in tier two of English football. Highly likely, yes. If it is those two. If you can say that Forrest are out of it, which they're not, by the way. That's a great win, but we know with games to go, a lot can change. Other clubs, Celtic. Celtic went down. They're now, I think, five points behind Hearts with seven games to go.

11:37Yeah, Celtic 61 points, Rangers 63, Hearts 66. It's a cracking end to the season. It's absolutely fantastic. I'm now looking out for Scottish football results. I know. I think a lot of people are. I mean, it's just such a fascinating end to the season. And you think there is the possibility of something happened that hasn't happened in most of our lifetimes. It has happened just about in my lifetime, but I can't remember it, to be clear. You're getting quick on that. You're beating me to the end. I'm getting ahead of you with the old man jokes. so yeah it was a crushing 2-0 defeat at Dundee United again rather like Spurs' result it's the kind of result that saps a club because Dundee United aren't very good they're not even halfway up the table so it's the type of situation where even though Celtic haven't been that great even though Celtic have messed up as we said on that podcast you're still expecting to go to Dundee United and get at least a draw right but to go there and get done 2-0 again rather like with Spurs it just looks like the body language and the behaviour of a team that is struggling to come to terms with you know with where it's at but we shall see because you know seven games left you know in Scotland the nature of things particularly you know in the promotion shake up bit is that you play each other quite a bit more than in this country smaller league but Charlie it's the other side of it which we've talked about which is the commercial knock-on, you know, not just not winning the title, but then not getting an opportunity to participate in the Champions League next season.

13:09Well, this is what they've been saving their 90 million quid for. Well, exactly. So finally, the worst thing is that the exec, the ownership, they could finally turn around and go, see, we told you. I know. So yeah, but guys, that's happened because it's a failure in your system. You haven't. I know, I know. You haven't achieved. It's true. So yeah, a pretty horrible. Who else we got? Leicester. Leicester we said a few weeks ago that they could potentially get relegated it's off their points deduction and they're in the relegation zone in the championship they are with your boys Oxford United Oxford are fighting hard I've still got just a little bit of optimism about the Yellows absolutely in the middle of a relegation fight as they fully expected but every game they're fighting hard Pompey are dive bombing down towards that relegation zone but yes I mean you know from Leicester's perspective it's looking more and more concerning yeah and I guess the moral of the story is whatever you do as a football club do anything you possibly can to avoid being discussed on the breakdown bad shit happens after that and with that with that Liverpool fans anyway there's just sorry there's something even worse first obviously it's going to hurt me even more isn't there oh god we have to discuss bloody Chelsea I mean really every bloody week He gets Chelsea.

14:29Rear. Can't answer Charlie. Charlie, one day it will hopefully be something good, as you said, but it just seems to be worse and worse. Who's hoping that? And I really, like, there's no defence for what we're about to talk about, even as a fan. Pretty much as we walked out of recording last week, the phone was flooded with updates saying Chelsea received record Premier League fine, suspended transfer ban. And we were joking with each other, you know, a little bit of, okay you know what next what's what's this and then suddenly you remember that this was for the um charges brought against the club from before this ownership came into uh the club so for anyone that hasn't seen this the punishments that have been delivered were for a period when roman abramovich owned from i think it was about 2012 to 2017 correct and it essentially looked at payments that were made off books to representatives of players to try and convince them that chelsea was the club to go to.

15:28Don't go to Manchester United or Liverpool or any of the other European giants, not just English giants, that were coveting some of the top talent. And these players included people like Eden Hazard, like Willian, like David Luiz, players that contributed massively to the success of Chelsea throughout the latter years of Roman Abramovich's reign. Now, what we've talked about previously on the show has been very targeted towards this ownership. and it just reminded me of the fact that while it may not be very good right now, while we can throw some accusations of poor business management at this lot, actually the club has been operating in a pretty shady, that's probably the right word, for a number of years long before it.

16:18And I looked at this, and the more you read it, the more you then naturally just try and apply it to some of the other punishments and other situations that have existed around football recently. You really start to struggle with your kind of like moral compass here. And Manchester City, you know, we're still waiting to see what 115 charges really mean. You know, is this a small insight into how some of Man City's charges will be treated? It throws off a lot of different... So I guess, look, I mean, as you know very well, hold no candle for your beloved Blues. But these discrepancies were first unearthed during the diligence process that Bowley and Clear Lake, what they called Blue Co at the time?

17:08Anyhow, the new consortium during the due diligence process for the takeover, which was in 2022, unearthed these payments and pretty much either then or just after they took over, self-reported them right so the new ownership basically said this is what the previous ownership has been getting up to and my guess here is that there was a sort of you know tacit deal done at that point pretty much which is um we found some stuff here we don't much like oh yeah yeah stuff that uncle roman's been doing oh yeah um what we're a bit concerned about if we buy this club is that we're going to end up getting punished for stuff that Uncle Roman did.

17:55Okay, well, look, here's the thing. Maybe if you tell us all about those things, and we will do our best to view that as being like, you know, treat you in a degree of generosity, of spirit. Now, that's quite different from the Man City situation, where the charges relate absolutely directly to the same people who currently own and run that club. I know that on technical grounds it's just the club Chelsea is a club Man City is a club these things happened Chelsea did these things and therefore it's X Man City did or didn't do these things and therefore it's Y but I do sort of understand on an instinctive basis that this is a particular situation where somebody who previously owned the club and I know that you and many Chelsea fans think very highly of the man but fundamentally has been declared by our own government, a pariah.

18:49However, you're right, it does set an unfortunate precedent that other clubs will say, well, we don't care about all that. You've just fined Chelsea 10 million quid for very significant misdemeanors, very, very, very significant misdemeanors. So presumably from now on, every misdemeanor, basically the tariff has to be lower than that, right? Because that's very significant. I completely agree, by the way. And I agree on this kind of moral challenge that is faced by this. Man City's ownership currently being the same ownership as the one that has allegedly committed these breaches. So Chelsea has almost been saved by the fact that it's been sold and therefore someone else has been able to report this, preventing future punishment should a in-detail audit ever happen where this is uncovered by someone else.

19:32Brilliant. The key that people seem to have latched onto is the fact that even if those payments were added to the finances and the accounting of that year ffp as it was at the time really would not have been breached yeah so points deductions are quite commonly used as people will know for punishing clubs that break the law should we say financially but normally that is a financial breaking of the law so they spend more than they are meant to have spent that has potentially given them an advantage and therefore they are punished when you say the law you mean the regulations regulations yeah the football law the regulations that is a now with nottingham forest with everton with now leicester in the championship a well-trodden path people look at this and go to chelsea will appoints deduction you know should have been on the table if they haven't breached that from a financial perspective then that's an easier out for the um for the panel to turn around and go no while this was against the regulations and off book it wouldn't have breached the rules that everyone else was playing to should that have been on book however this is specifically relating to transfer activity this is where it gets interesting for me and i agree with you on the ownership piece so let's let's always have that underlying it but this is about did chelsea get an advantage in a transfer market there is absolutely no doubt that chelsea gained an advantage from operating like this no doubt in a transfer absolutely no doubt at all and therefore if the other punishment let's So you have points deductions, you have fines, and you have transfer bans.

21:02A suspended transfer ban, which really is no punishment at all. It's zero, yeah. It's not going to go and break it again. So no punishment on a transfer ban, apart from you can't sign players from academies for the next nine months, I think it is. So, okay. Which Chelsea love doing, as we know. So that actually may hurt the new ownership. But a transfer ban here seems like something that should have been imposed. I would have visited the punishment on the club for the years and stripped them of their titles from those years. So then you're not punishing the current ownership. You are actually punishing the club itself, the actual club, as opposed to the current holding company that owns the club right now.

21:43I'd have just stripped them of their titles and said those titles were basically gained. I can't remember which trophies that were won, but there were trophies won during that period. Yeah, two Premier Leagues, Jose Mourinho's second one, Antonio Conte. Yeah. So I'd have just stripped them of those titles and said, right, the second place team retrospectively won in those years. Would that give Spurs a first title? Yeah. Antonio Conte season? I think so. Look it up on your computer and I'll keep talking. I'll let you just quickly just tell us whether Tottenham have in fact won their first Premier League title according to the breakdown.

22:22after having been diddled out of it by Abramovich's dastardly Chelsea regime. It was right. Yes. Yes. Yes. Yes. Spurs, Premier League champions, what season? 2016-17. 2016-17. Antonio Conte's brutish Chelsea stripped of title Spurs on 86 points they got that season. Is that on the poch? Chelsea got 93. That must be a poch season. Yeah, it was a poch season. Yeah. So yes, look, I mean, in all seriousness, If you did, if you stripped Chelsea of those titles, then Tottenham would be the recipient of the Premier League title that year. I've always said that Daniel Levy was a genius. Now, we've got a lot to get through here, Charlie.

23:02So the Chelsea statement is excellent for its self-congratulatory nature. It goes, As previously announced, the club voluntarily and proactively disclosed to all applicable regulators potential historical rule breaches, including incomplete financial reporting that took place over a decade ago. During an extensive Premier League investigation, the club proactively disclosed many thousands of documents. Also, when requests for information were made by the Premier League, the club promptly provided comprehensive responses and facilitated all lines of inquiry to support a complex and extremely thorough process.

23:37Finally, and this is my favourite bit, the club welcomes the recognition from the Premier League of its exceptional cooperation and that without those voluntary disclosures and the act of self-reporting, a number of the Premier League rule breaches may never have come to the attention of the league. In other words, congratulations to us. Yeah, we're great. We're great. By the way, out of interest, is there any club in the Premier League right now who is currently being accused by the Premier League of not having responded in a timely way to charges laid against them by the Premier League? I couldn't possibly think.

24:08Could it possibly involve Lord Panic? It does. And what can only be about 5 million cardboard boxes of evidence? Yes, indeed. It is Man City who are accused of not cooperating in a timely way. I wonder if the spin doctors at Chelsea FC have Man City in mind when they wrote that statement. Sorry, just to round that off and close it, and just on your side, you think because of all the complexities we've explained, because of the challenge of punishing the son for the father's indiscretions, that the best course of action here, the one that would be most fair, would be the stripping of the titles that were won, should we say, during that period of time.

24:48That's my view. Okay. An interesting view. Accountability, Bill. It needs to be rung. Ding, ding, ding, ding, ding. Yeah. It needs to be rung. I have great sympathy with you, Charlie. Oh, thank you, Charlie. It really makes me feel good that you, a fellow Englishman, feel sympathetic when I cock up something to do of US sports. Go on, tell us about your errors. For listeners and viewers, those who didn't listen last week, we had a long segment discussing US college sports and in particular March Madness, which is going on right now. The big college basketball tournament that is one of the wealthiest sporting events in the entire world.

25:27And we had a huge amount of interaction with that across lots of different platforms. Dare I say it, I don't want to be Chelsea-like and be too self-congratulatory, but we did work quite hard on trying to understand u.s sports we did i promise you we really really did but that did not stop me from mixing up michigan university and michigan state university and that has been brought to our attention by numerous of our american listeners and viewers so i am holding my hands up and saying i will never again misplace the distinction between these two colleges which of course are actually bitter rivals yes apologies thank you charlie it's great to have you put your hands up when you do get something wrong but as I said I have great sympathy So talking about football clubs that we discussed that go on to have absolutely disastrous times of it next in the spotlight and probably the single most asked for topic over the two and a half months that we've been doing this podcast is can you guys have a proper look at Liverpool FC now when these requests first started flooding in and by flooding in I would say we probably had upwards of a hundred such requests across the different platforms and through various different LinkedIn communications and so on and so forth.

26:35There are a lot of Liverpool fans out there who for the last two months have been asked the question, what on earth is happening with our club? Now, at the time when these requests started coming in, Liverpool were, I think, about fourth in the Premier League, something like that. And obviously still in the Champions League. And yeah, I think there was a sort of broad recognition outside of Liverpool. They probably weren't having the best season ever and that not everything was going exactly to plan and it was a bit of a sort of downturn. But I think probably most of us sort of felt that, you know, Liverpool fans were maybe sort of the lady to protest too much about it.

27:11It's sort of, you know, what's really wrong? You've just won the title. You've won two titles in the last four or five years. Surely things are roughly okay kind of thing, I think, was our broad response. There are other clubs in much more turmoil who we really need to discuss right now. So we've sort of kept it on the back burner. And the reason why it's come up today is because Mohamed Salah has announced, or the club has announced, that Mohamed Salah is going to leave at the end of the season. And this is an end of an era. But it's also a colossal cock-up. It's a big cock-up. It's a very expensive cock-up.

27:50because effectively Salah, if we just go back and just tell a bit of the history here, which is that last season, season 2024-2025, Mohamed Salah was coming towards the end of his contract. At the time, he was 32. So judicious clubs are very, very wary about spending large amounts of money on players who are over the age of 31. really. It's normally a one-year contract. It might be quite performance-based depending on how many appearances you make. Why is this? It's because in the increasingly physically demanding world of modern football, particularly the Premier League, the physical outputs demanded by modern football are not often able to be replicated by players over the age of 31, 32.

28:43And we saw this when Cristiano Ronaldo came back into the Premier League. He couldn't do it. He couldn't run. He couldn't run enough to be effective. Now, he's gone out to the Saudi League where he can get away with just walking around and still being talented. But in the Premier League, that gets ruthlessly exposed. So it looked like Liverpool were potentially not going to offer Salah a contract extension. And this then became big news, partially because Salah made it big news. He doesn't speak to the media often, but when he does, it's normally something very, very explosive. alongside an explosive agent yes indeed so all this led to in November 2024 a massive banner being unveiled at Anfield he fires a bow now give Mo his dough right so this is the Liverpool fans saying this is our favourite player of the last 10 years this is our modern era Kenny Dalgleish this is a generational talent who has delighted us for how long has he been at the club 2017 so 9-10 years so pushing towards a decade.

Read the full transcript

29:45Absolutely extraordinary record, 243 goals and 109 assists in 394 games. Please give Mo his dough. We want more of Mo. Now, Liverpool, of all the clubs, have been over the last decade, up until that point, I should say, up until that sort of 2024 moment, have been pretty judiciously run compared to the other big clubs. They've always been on the cautious side. They had always being on the cautious side when it comes to wages, on the cautious side when it comes to contract extensions, even on the cautious side mostly when it comes to transfer fees, they would more normally be in that 50, 60 million category rather than the 100, 150 million like Chelsea and so on and so forth.

30:28They folded. They folded and they gave Mo his dough and they gave him an absolute stonker of a new contract. Do you know how much his new contract was worth over two years, Charlie? $400 ,000 a week. So 40 million pounds over two years. And it turns out that the original theory, which is be very careful about paying huge amounts of money to players coming into their mid-30s because they can't anymore sustain the physical output, turned out to be true of Salah. Salah melted, as we put it in football, as football performance people call it, melting pretty much at the start of this season. Right.

31:05And so just as his new contract kicked in, it became clear that he lost his legs effectively. He could no longer perform in the same way that he could before. So this season hasn't been an absolute disaster. Five goals, three assists. That's sort of the normal level of a squad player. Right. So instead of paying that player 40 million pounds over two years, that kind of player would normally be paid five to 10 million pounds over two years. That kind of level. It's a bit part player who comes in, who comes out. And of course, Slott then, Arna Slott, the Liverpool manager, then did drop him. And that caused another massive explosion where he, again, went public and the whole thing.

31:39So not only have Liverpool dropped 40 million quid in this rather unhappy process, but they've also had to sustain a huge amount of reputational damage. The manager himself has been hobbled by that outburst. And you can feel that in terms of the Liverpool ecosystem, that that was the moment when Slott started to lose a bit of the trust, the credibility he built up because of the situation with Salah, etc. It encapsulates what's been, notwithstanding the title win, it's been a slightly uncharacteristically scatty two or three years from Liverpool and their owners Fenway. And I'm very loathe to criticise Fenway Sports Group because overall their tenure at Liverpool has been really successful.

32:22I mean, it's easy to forget that when they took over from the Hicks-Gillette regime, that really Liverpool was not in a good place. They had been poorly run for quite some time. And there was all sorts of rumours about what was going on between Hicks and Gillette. It was a bit of a mess. So over the following period, decade or so, much of which Salah has been there, Liverpool has been a very well-run club. It was run on certain principles and certain quite clear strategies, not all of which were popular at the time that they were being implemented, but which ended up being very, very successful.

33:02And the two main progenitors of this famously were the then sporting director, Michael Edwards, and the director of data research, Ian Graham. So that was the backbone of a new way of doing things for a big club. We're going to be tight. We're going to be data led. We're going to be very strategic. We're going to do things in a Liverpool way. Now, if you go back, what you'll find is that over the sort of period of 22, 23, that kind of thing, this leadership sort of regime started falling apart. Michael Edwards left and he was replaced by a guy called Julian Ward. And then in 2023, Ward, who was the replacement for Michael Edwards, also left.

33:40But Ian Graham, the head of data research, the director of research, left to go and form his own consultancy. And then more recently, Edwards has come back in a Fenway group sporting director situation. And his brief was popularly understood to be to start forming a Liverpool MCO, multi-club organisation, to find another club which Liverpool could bring into its umbrella. But then it was recently background brief that Fenway sports group, FSG, had dropped that strategic direction. so in the meantime a protégé of Edwards came in as the Liverpool director of football a guy called Richard Hughes that's been the last couple of years etc look I mean none of this is on when we're talking about shit shows and we've been talking about you know Chelsea you know Spurs etc none of this stuff is on a level with those clubs but I think what is the case and you're probably about to illustrate it further is that notwithstanding the title that was won at the back end of the careers of Van Dijk and Salah, two generational talents, probably two of the top four or five players in the Premier League.

34:44This was their time. This was their moment to deliver that second title. The first one, of course, came in COVID, which was a bit unsatisfactory. Great, right? But in the meantime, behind the scenes for three or four years now, it's been a bit of a mess. And don't forget that FSG themselves said three or four years ago that they could be open to new investment or potentially even putting up the club for sale. So it just seems like there's been a bit of a sort of strategic shambles going on behind the scenes, various senior people coming and going. And the point I'm going to leave you with, Charlie, is the point I always make about these things, which is in the end, that kind of stuff always catches up with you on the pitch.

35:21In the end. The Salah bit, I'm going to mount a slight motion for the defence and see what you think. Then we've got the continuation piece, which is looking at Liverpool now and moving forward and leveraging this information that you've just started to highlight there as a potential indicator of where the club is going. Motion for the defence. Okay, so I hear you and I completely agree. It was a huge amount of money. The questions that really should be asked, and it's an indication to the leadership challenges, were how do you let Mo Salah, Trent Alexander-Arnold, Virgil van Dijk all get into the last years of their contracts where they could leave for free at the end of a season?

35:59The challenge that created was therefore more than just Salah leaving. It was a group of players who the fans all revered. They loved, right? Mo Hisdo, Virgil, Van Dijk's supremacy, Trent Alexander-Arnold, the boy from the academy, Mr. Liverpool. You know, you had this broader situation around the contracts of these players. So Salah's, the need to keep Salah, I think, was escalated a little bit by the fact that Trent was going, right? He was gone. And people accepted that if you were going to lose any one of those three, now, interesting, short versus long term, but short term, they probably would have kept Salah and they probably would have kept Van Dijk and Trent probably would have been the one that was moved on.

36:38If you had lost two of those three, the ownership would have had a real issue. So I think that forced their hand to an extent, making a deal that they couldn't have done. The issue being what? The fans would have turned very aggressively on the running of the club. How has this been allowed to happen? Which is not what any football club's ownership wants. They don't want the fans looking behind the pitch going, have you been mismanaging our greatest players? You know, the people that mean that we turn up every single week. Right, so effectively what you're saying is that 40 million quid that they end up paying to Salah was almost like a penalty for the cock-ups they've made in letting all those contracts run down.

37:13Could be. So that's just an additional bit of context there was just saying that I think there was more than just give Salah his money. There was a broader problem that the club had created for itself in letting three of its star players, it's probably its three star players, all put them in a very similar situation. Now, let's also not forget, Mo Salah last season broke the record for goal contributions for 47 or 48 goals and assists. he pretty much you know and it was a very much a team effort they were brilliant last year but he pretty much won them that title and was more influential than he ever has been so when he was given this contract you were still looking at a player and it's interesting you said lost his legs you know the start of this season you were looking at a player last year that has been better than he ever has in supposedly the most competitive league in the world does that mean that you want to keep that player?

38:06Of course it does. Does it mean that you may have to submit yourself to the demands of that player? Maybe. The age is a really interesting point. Now, I don't think physically he lost his legs in that time. I think you could look at it mentally and say, once he got that contract for the next two years, have we seen a switch off to some small capacity that has led his performance to drop? Salah has always had this incredible notion, which is what the very, very top players have right and they always just see themselves as completely elite undroppable and that's what we've seen this season you drop him he's out of the team you're going to hear from me and you've got a big problem and you're going to hear from me publicly if you lose that mental edge that makes you the best that you're not going to perform in the same way that you have been for the last few years can't address that very particular point right so the truth is that when a player's legs do go that is how it happens so what happens is they're training up to a and it's the same with other other performance athletes and same with racehorses that they're training up to a very, very high level during the season.

39:03So they're at a peak. Their entire body is at a peak. They then go into the off season. And of course, for rest reasons, all of that collapses, right? As it has to, because otherwise the body will never regenerate. Then they come back into training again. And there is always a moment, there is always a closed season when a player reaches an age where when he tries to get it back up to where it was before, it's just not quite there. So this always happens in the closed season. It never happens during the season. A player never loses their physical ability between October and December, unless they got an injury, of course, but it always happens in the off-season.

39:41And you're playing a game of Russian roulette when they get past the age of 31. You know that there is going to be an off-season soon where when they come back, they will not quite be able to deliver exactly the same outputs that they could do at their peak. Now, in certain players, in certain positions, there are ways to manage that. And they can, you know, at centre-back, if they've become outstanding position, you saw this with your great hero, JT, that he became so good positionally. His anticipation got to such a level that actually the fact that his physical levels probably weren't quite what they were was being replaced by experience effectively.

40:19But when you're playing in a position which demands fundamentally pace and power, that is not going to be the case. And this is not controversial, right? So if you think about that being a position for sprinters fundamentally, and you think, okay, so why isn't Usain Bolt still an Olympic champion? Well, but the answer is because there was a moment at which his legs wouldn't take him where they used to take him. And that is just what happens. I think the rest of what you say, by the way, which is, is there a mental contribution? Probably not so much, I think, from signing a new contract. He'd signed new contracts before in his career and that never dropped him off before.

40:47But was there a mental sense of weariness with the procedure that led to that contract was there an element of him that thought that shouldn't have been as hard as it was yeah do i do i you know that manager and those suits there do i feel the same way about them that i did before i think that's an interesting question i agree and look my point i'm really making is i think this is critique that is easily leveled in hindsight but i think in the context of last year when this contract was given with the success they were having, with him performing as he was, with the broader situations around other players.

41:22Don't forget also, they lost, and they probably knew they were going to lose Darwin Nunez. They were going to lose Diaz, Luis Diaz. And then, of course, the tragic happenings with Diogo Jota. That escalated the need for them to create some form of stability within that squad. No, I get it. I totally get it. But sorry, just on his part. But this is one of those things, I think, and Sam Wallace in The Telegraph wrote an interesting article on it. And he just summed it up beautifully in a paragraph. And I think for me, this really nailed it. He said, and this is just paraphrasing a part of that. He said, whatever failings might have followed for Liverpool this season would have been blamed on the Salah departure.

42:04Perhaps the Anfield crowd needed to see it for themselves to be reconciled with his leaving. And you know what it's like. You sell him, again, I say right at the top of his game. Sorry, sell him. You let him leave for free. Now this is, Charlie, we haven't mentioned this yet, but this is also the interesting bit. The fact they are letting him leave for free, I think that says a huge amount about this situation and how both sides have looked at it. You've got two parties that both accept this hasn't and isn't working. When Trent left last year for free, the vilification of the guy was extreme from quite a few parts of the Liverpool fan base.

42:40He was betraying the club for not giving them some form of financial return or departure. Salah comes to this agreement with the club he will leave for free now the free is an interesting word when you actually go yeah but he's saving the club another 20 odd million but the similarities between the two one who has had his contract run down hasn't had his demands met and then goes to Real Madrid and then actually gets about a 10 million payment I think because they allowed him to play in the club World Cup I think that speaks to Sam's point right I think the reason why not a vast amounts been made out of it is that the Liverpool fan base psychologically is like, shit, we got that wrong, didn't we?

43:17Oops. Right. Perhaps we shouldn't have given Mo his dough. Oh, okay. Yeah, probably best that he shuffles along now. I think it's on that. Now, I do take on board. I do take on board your context. And your context was, yeah, but this wasn't the only thing. There were three other things, right? So this would not have just been seen in isolation. This would have been put together with the Trent situation, put together with the Van Dijk situation, and laid the whole, as a package, laid at Fenway's door or the Liverpool leadership's door. So I totally do get that. But I do think, fundamentally, Liverpool, if I'm being honest with you, observing this from the outside, they did have a very clear strategy, a very clear way of doing things.

44:01it was very data-led, it was very structured, and they would not give contracts to players over the age of 30, and the whole thing was very, very clear. And then senior people left the organisation, and these rules started to become a bit blurry, and then you start to get big problems. So, taking on that... Because it's not just this, it's not just this, you've also got to look at the signing of Izak as well. Okay, so this is where I was going. Okay, so Liverpool internally would have known that when the summer slot came in, so not last summer, the summer before, they didn't spend any money. They didn't bring any new players in.

44:33He won that league last year with Klopp's team. That therefore gave them a lot more opportunity to spend money last summer. And my God, did they spend money. They signed Isak, Eketike, Wurtz, Frimpong, Kerkhez. I think it was about 400 million worth of talent. Now, if you have Salah leaving, what better way to create that narrative? He said very, very short-term pain, but then go and sign a load of players that a lot of the fans would have got very excited about. So from a PR perspective, thinking about that and the way you just framed it, I think they could have maybe potentially got around that through the spending spree that they knew they were going to go on.

45:11But this is the interesting discussion for us to extend the Salah situation into now more the management of the club and the challenges that they've almost created for themselves. Because to drive this point home, what we've now seen from the club over the last nine months is not the Liverpool that has been operating at the top of European football for the last 10 years. It is not the transfer strategy that has brought them success. This is them falling down a hole that they have fought so hard to not recognise. It is, it is, Charlie. You live long enough to see yourself become the villain. They become the thing they've been fighting against for so long.

45:54What I mean by that, Liverpool haven't been Chelsea and Man City. They haven't thrown money at situations to try and win. They've been very strategic. As you highlighted, they've signed players in what we would call like the middle bracket of European transfer markets. So if we say 30 to 60 million, I appreciate that's still a huge amount of money. But they have not been going after the 100 million players. You then have a summer last year where they were under increasing pressure from the fan base. There were these negative situations around players' contracts. There were players leaving that they would have liked to have kept maybe.

46:24and then suddenly they have a lot of money because they last year, or as recently reported in Deloitte's Money League, their account showed 703 million in revenue, which was the top Premier League club. What this all kind of brings together is you have two years of transfer spending capabilities because they didn't spend anything the year before. They have record revenues across the club. Oh, fantastic. We have the money to spend. We can do it within budget. shall we go out and get some of the top talent to re-strengthen or to strengthen this team those players that I just ran off all came in for huge sums you had two over 100 million in and um ISAC you had Eketike in for about 70 million um and then you know a few others around 30 40 there seemed like a huge number of decisions that were made last year that were not in keeping with Liverpool Football Club for the last 10 to 15 years and then you look at the performance on the pitch this year and you look at the challenges they've faced, it is not a coincidence.

47:32Who's their highest performing player this year? Dominic Sobershle. How much did he cost? £60 million. So this is the thing, right? This was a strategy that was put together at the start of FSG's ownership of Liverpool and it has proven to be very, very successful. I would say in terms of pound for pound, you know, as successful as anything, right? As anything in English football, that is. Yes, of course, during that time, Man City have won more during that period, but they've spent a lot more as well over that period of time. And yes, there are other clubs who have had their moments in the sun, but during that period, Liverpool have been consistently in that top bracket, absolutely consistently, year after year, both domestically in England and in Europe, they've been in that absolute top bracket.

48:17Now, of course, the reality is knockout football, they could go and win the Champions League. you know is that's entirely plausible it's entirely possible but watching them at the moment it feels like a team which i always say that teams end up representing the personality of their manager and of the club behind them um and at the moment from when fsg talk about maybe taking a third party investment maybe selling in 2022 to michael edwards and ian graham leaving to then Edwards coming back, but in a group position, and then somebody else coming. And it just feels to me like the last three or four years has been building up to a point at which Liverpool's no longer the thing that it was before in the run up to 21, 22, that type of thing.

49:04Now, it's not to say that they can't be successful because a lot of these footballers are very, very, very, very, very good footballers. But I do not think, honestly, hand on heart, I do not think that they would have recruited Alexander Ezek six or seven years ago when Ian Graham and Michael Edwards were running that recruitment operation very, very tight and in a very careful way. Because Ezek, you don't have to be an absolute football expert to notice that Ezek's style of scoring goals for Newcastle last season was somewhat unlikely to be replicated at Liverpool this season. You don't have to be a tactical genius to think Liverpool haven't played with an out-and-out 10, but Verts is an out-and-out 10.

49:46Okay, so maybe that's because Slott wants to play in a slightly different way. But has that really panned out as it might have done? It's been caught a bit in between. For 250 million, that's epic. Epic, epic, epic, epic. It's the kind of numbers that you pay to turn yourself from really good into great, right? Not to turn yourself from great into average. I can hear people jumping down this just for a second because they will go straight away, are you joking? They haven't spent money. At no point are we saying Liverpool didn't spend money in that time. They did. Now, they will come back and they'll go Van Dijk, most expensive defender at the time.

50:2650 million. I think it was 75. 75 was it. 75 million. Alisson in 60s, I think, something. I think now that was at the same time as it's so well documented. They also sold Coutinho for an eye-watering 140 million as a business decision in case they'd looked at the squad and gone, I know what it's going to take us to really move to that next level. And you can see that process going on behind the scenes. We're going to have this incredible outlay on two magnificent players, one with Premier League experience and one the most in Van Dijk, now ready for that next step and one the most coveted goalkeeper in the world at the time.

50:54And that was the moment they went from challenges and huge potential to really being that dominating force. Van Dijk and Alisson. Big money, strategically spent. This now does not look like that. It almost looks like me looking at Chelsea's transfer dealings going, oh, that's, you know. Because you can't blame them for signing Isak and Verz. And this is the hard thing here. I completely get it. I completely understand why they spend that money. But it's just going back to the point of how Liverpool has been run and why it's been run so successfully. And everything comes to an end. So I'm not saying that that has to forever be the way.

51:38But record revenues last year, money available. 400-odd million in transfer spend. 250 million on two players that, debatably, and people have their opinions, don't fit the system that they're playing. this just doesn't look like Liverpool and from a fan's perspective and them asking us you know to have this assessment this isn't a segment as you've said to look at all the massive issues and where everything's gone wrong and what needs to change but it is a good moment with Mo's situation to look at the broader strategy of the club to look at what's going on behind those scenes and say do you know what there's something in here where you're just starting to worry and question the potential of that team to continue at the heights it's been operating at for the last 10 years.

52:26Totally agree. And I'd like to just reiterate kind of what you've just said, which is this is not a podcast to talk about tactics. So when we say, well, Florian Vert's playing at 10, I almost feel like we're stepping out of our lane into other lanes. And hopefully they can find a way of incorporating him, whatever it might be. But I think the overall point you make is important, which is, it's so different to what has brought them success before that it almost feels like a new ownership. It almost feels like a total change in strategy. And I go back to this thing that they were thinking about selling it in 2022.

53:01And you think almost that would have been the natural end of the Fenway era. You know, 10 years, really good success, win the EPL twice, win the Champions League, terrific. Well done, you've turned the club around. and it now feels like we're in that sort of dog days era where they're not quite sure do we really still want to be owning the club do we not do we really care about what the fans think do we not have we got the stomach in us and the energy in us to really drive the thing forward for another 10 years maybe maybe not it just feels like that that so yeah as you say so many liverpool fans have asked us to have a proper look at it revenue is absolutely fantastic a whole series over three or four years of curious, strange moments around the playing side of the club.

53:47And for those people who say, well, only won the Premier League last year, I always say that what happens on the pitch is the result of stuff that happens off the pitch 18 months, two years, two and a half years beforehand. Probably in the lower leagues, it's 12 months to 18 months because things turn around quicker in the lower leagues. At Premier League level, with long contracts and high levels of competition, it is two to three years. So I think what we're seeing right now in 25-26 is the result of stuff that was happening at Liverpool in 21-22-23, that type of era. And the success last season was the last gasp of a wonderful strategic success.

54:26Moving on, moving on. Have we done Liverpool now? Can we say we've done Liverpool? And we'll keep doing it, I'm sure. Charlie, there's been another massive story of the last few weeks that I know has got you very excited. But it's also something that touches on things we've talked about before because we have covered cricket in great detail. And we've also covered, should we say, the ECB's involvement in cricket in great detail. And this week that has come to light again because it was announced that Brendan McCollum would continue on as the head coach of England, that Ben Stokes would continue as captain.

55:01Rob Key is still in position. As managing director. As managing director of professional cricket for England. and Richard Gould is still the chief executive. So in other words, quite surprising purely based on the fact that after such an epic winter of disappointment and failure, it can only be called failure, not a single change is taking place amongst the group of people that were responsible for the team during that period of time. A big move. Big non-move. A big move for lack of... So apparently, according to Richard Gould, who's the chief executive of the ECB, they took the difficult decision by not firing people.

55:42Now, I kind of know what he means, right? Which is that in sport, and we mentioned this before, actually, funnily enough, in our discussion about managers, I said, look, you know, don't overestimate the extent to which the manager or the head coach is the real problem. Often the real problem is behind the scenes and getting rid of the head coach won't make that much of a difference, you might well find, okay? So I just want to read out something here that Richard Gould, the chief executive of the England Cricket Board has said this week and he's talking about the anticipated criticism of not of people not losing their jobs at the ECB under his control my old man was a football manager that's Bobby Gould the former Wimbledon manager my old man was a football manager sacking was part of the job and it wasn't necessarily the right thing moving people on can sometimes be the easy thing to do that's not the route that we're going to take what a brave guy not to fire the people who work underneath him.

56:37Just to be really clear, the big issue a lot of people, I think, including myself as a fan, have had recently is this kind of stoic, unrelenting self-assessor. It has an air of the continued arrogance that people have associated with this leadership of English cricket, which when it hasn't performed and hasn't delivered on the pitch, becomes very problematic. They're almost a bit like the Chelsea ownership. They're celebrating their defiance in the face of what us mere mortals would do if we were in a similar position, We're not going to do the thing that you expect us to do. We're going to stick to our morals and stick to our guns.

57:09But they're not. But they're not. Now, this is the crucial point. First of all, I just want to give some historical context. Richard Gould has only been in position as the chief exec to the ECB for a couple of years. 2024, I think it was. However, the other main protagonists here are Rob Key, the managing director of professional cricket at the ECB, former test player himself, Brendan McCullum, the head coach, and Ben Stokes. Now, that crew came in in 2022. So they have been in place for four years. Now, I can say, with my hand on my heart, I believe that getting rid of managers after two months in football or six months or even nine months or even sometimes one season can be a bit hasty.

57:54But what Richard Gillespie here is conflating two totally different things, which is that moving somebody on after four years is not acting hastily. They've been there for years. And what that means is the opportunity has been afforded to them to put in place through the entire structure every single thing that they believe in. All the things that they believe will bring success. Now, when it comes to Test cricket, which is basically what we're talking about here, although there have been very significant failures in white ball cricket as well, but just put that to one side. When it comes to Test cricket, has the last four years been successful?

58:33As an England fan, how would you judge Test cricket success, Charlie? Winning the biggest series. You have to beat India and you have to beat Australia. Right. Preferably away from home, but you do definitely have to beat them at home. Right, so during those four years, England have played Australia home and away, and have played India away and home. Four series against the two other giants of world cricket. What has been the return on those four series, Charlie? Drawn series against India at home, drawn Ashes series at home, dumped away really in India. They won, I think, the first test of that series quite extraordinarily.

59:174-1 and 4-1. Yeah, and then thumped, obviously, in the ashes. Right, so two shellackings away from home and two draws at home. So within the mini league of the big test nations, the ones who can afford to pay their players enough not to go and play white ball cricket during test tours, right? Because the other nations have got real problems when it comes to test cricket. We've covered that before. Not India, not England, and not Australia. They have their best players playing. They have access to their best players, and they have the greatest resources. They can pay their coaches the most money.

59:46The whole thing is gold-plated, right? So that's your competition. And I don't think anyone debates that. Everyone knows it's about India and Australia. That's how you judge an England tenure. So over four years, an entire cycle of playing both of those two other countries home and away, they have failed. Failure. Proper failure. During that time, we have been the third best test-playing country of those three leading nations. Just with the caveat also, rebranding yourself almost the saviors of cricket, playing this brand new style that's going to be superior to what we've seen before. Right. So this is where it gets, to my mind, even worse because the issue here is to do with accountability.

1:00:31You're given a four-year cycle. You fail. You have to take accountability if that's four years. It's not four months. It's not one year. It's not two years. It's four years. You have to move yourself on. You have to resign. You have to accept and hold your hands up and say, we've given it our best shot we haven't succeeded because then you're looking at another four-year cycle so why would you get another four-year cycle if you've if you haven't succeeded in the previous one it's actually worse than that though alluding to what you said which is that effectively this leadership hasn't hidden their light behind the bushel they have been very loud and proud about the fact that they simply know better than other people everybody literally everybody they know better than India and Australia, right?

1:01:11They know better than former England coaches and former England captains. They know better than all the traditions of the game. They have certain, what I would call, foundational beliefs. And for this, I have to say, I quite admire them. Because you know, we're speaking just now about Liverpool, about how their strategies become blurred. So you don't quite know what they're trying to do. So each individual decision that they have to make It becomes, oh, what are we going to do, right? But this England leadership, Key and McCullum, and Stokes to a degree, but he's obviously out on the pitch and having to perform, and that's a slightly different thing.

1:01:46Key and McCullum laid down certain fundamentals that they basically believe they were going to change Test cricket with and obviously succeed. And I'm just going to read down them, see if you disagree with these. Number one, they believed that all-out aggression with the bat can work versus top-class attacks in test cricket. Fair? Number two, traditional preparation for test series doesn't matter. Number three, pace bowling is all important in Australian conditions. Right? The faster you bowl, the more wickets you take, right? Number four, a freewheeling type of team culture has no negative consequences.

1:02:26So letting the players do whatever they want will not come with negative consequences. It will only be positive. Number five, and this is a crucial one, because it's something which is often spoken about in sport, but which they firmly believed in, and they state themselves on it. Form is temporary, class is permanent. We are going to select the players who we think are the most talented players, and no matter how badly they play, we are going to stick with those players, whatever happens. So even if Olly Pope has a terrible run of form, and even if there's a player who plays in his position who in county cricket is averaging 60, 70 a game.

1:03:01That player in county cricket is not going to get given a chance because we have decided that we know best. We have decided that Oli Pope is just a more talented player and therefore he is going to be our number three batsman and that's the end of the story. Number six, better to have no spinner at all than to have a journeyman spinner, right? So we'd rather go into matches just with pace builders. If we can't find the next Mushtaq Ahmed, then we would rather just have pace builders. Okay, fine. Number seven, critically, we don't want specialist coaches. We don't need a fielding coach. The players know how to field.

1:03:31And finally, county cricket doesn't really matter. It's irrelevant. County cricket's an irrelevance. We're only interested in the elite game. We're not a player. So those are eight, what I would call foundational beliefs, by which they differentiated themselves from everything that had gone before and from other candidates for the job. My God, that is a depressing list. Right? When you read that out. So this is what they state themselves on. Now, they were called out on all of these beliefs, not by me and you, not even by newspaper journalists. They were called out on it by former England stars, big ones, Jeff Boycott, Michael Vaughan.

1:04:06Some of the best players in English test history called them out on all of this. And in return, they went very punchy. let me just quote what Ben Stokes the captain said when Ian Botham, Jeff Boycott and Michael Thorn, three of the ten greatest England players of all time called them out on almost all of this stuff. Yeah we can't prepare how the has-beens may be used to prepare. We are very confident and comfortable in the way in which we prepare for everything right? So he described their critics as has-beens and Basie said they haven't got a clue okay? Let's not imagine that Ben Stokes was not saying what Brendan McCullum thinks and what Rob Key thinks because that is coming right from the top and it's being fed right.

1:04:50These has-beens, they don't understand the modern way. We're changing test cricket, right? So I'm just going to hand over to you on that list of foundational beliefs and ask how can this leadership have any credibility when effectively now it is being background brief, Charlie, out to the media that they are going to change a whole bunch of these foundational beliefs in order to keep their jobs. I'm trying to find the root in here. It all comes down to a perception of arrogance. It's the we know best. Now, I think we said this before on a previous show. I have no problem with that if the end product proves that you knew best.

1:05:27Exactly right. What we're really talking about here, and you said I just really want to drill in because it's actually the most important point. Having a really strong set of beliefs and sticking to them is not the critique we're leveling here. It's the actual opposite. We just described in Liverpool what that has created in a success time. Now, that's why when we're discussing Liverpool, when things start to change, you're almost going, is this happening? It's a bit of a concern because you're looking back on the set of beliefs that delivered them success. This, as you've highlighted, has been from a results perspective at the top of the game where you're really judged, it's been a disaster.

1:06:04And therefore, what we're calling over a four-year period, a long period of time in sport, the self-reflection, the accountability therefore is required when failure exists and that does not seem to be the case here you've listed out a number of things there that you know as you were reading through them genuinely you're kind of creasing and then even you have additional things of you have kind of tried to find room for a spin bowler you pick someone and back someone in Bashir for two years or so leading up to an Ashes series and then you don't play him for five tests yet you persevered with him for all the rest of it.

1:06:37So it's very easy to say that you recognize things have gone wrong and that changes need to be made. Do you genuinely believe that Brendan McCollum believes that mistakes have been made? Do you genuinely believe that he is going to come into this now, shall we call it, this new cycle and significantly change his philosophy on coaching, on man management? Because the man management thing is a really interesting point here, which as we know has brought a huge amount of criticism recently, quite rightly so. Do we believe that that is actually going to change? I think it's worse than that, which is they're going to end up betwixt and between, right?

1:07:18Which is the worst of both worlds, which is where Liverpool are right now as well, where you had a foundational set of beliefs that you've now been forced or have allowed to be forced into changing by events, but you can't change totally because then you have no credibility so with the players in this instance so if McCollum were to say to one of the to Zach Crawley for instance Zach the conditions out there aren't that great at the moment I don't want to see you driving on the up in the first five overs then Zach Crawley is going to a bit of him is going to die in terms of his respect for Brendan McCollum because he's going to say for the last four years you've been telling me this and now you're telling me that and he's going to go out on the pitch thinking am I batting to try and impress the old McCollum or the new McCollum?

1:08:03I'll give you a good example, a current example of this. So the thing about county cricket no longer being considered important. This has led to a slow revolt amongst the county cricket clubs and the technical directors, the cricket directors of those clubs have been in slow simmering anger about the way in which McCollum has ignored them for the last three years. He just picked his guys and then didn't even bother speaking to the county credit guys after that. Right. So the ECB then says, right, OK, we need to try and change that situation. So I'll tell you what we need to do is we all need to get together and we need to sort this out.

1:08:43They need to feel love. They need to feel a bit of love would have been the sort of, you know, just OK. So can we get Brendan in? No, actually, Brendan's on holiday until the end of June and until the end of May. Sorry, what? Oh, OK. Right. I'll tell you what. Should we get him on a team's call? Right. So this is now what's happened. That a team's call has been produced for the county cricket cricket directors and Brendan McCollum. And apparently this is going to repair the relationship between the counties and Brendan McCollum. Now, scrape back what the county cricket directors are actually upset with McCollum about.

1:09:23What they're upset with him about is that as the England coach, a big chunk of his job is going and watching county cricket to see which players out there might improve the England team, might be the next generation of England players. That motivates county cricketers when they see the England coach. County cricket starts in April. Brendan McCullum is on holiday in New Zealand when the county cricket season starts, but it's been decided by the ECB where we need to repair relations with county cricket. so you then get a situation the worst of both worlds where you don't get the clarity of leadership of a leader saying no i don't care about county cricket and i'm clear about what i do care about it's this elite bubble around the england team but also you don't repair the situation with the county cricket directors because effectively they're being told listen if we get them on a team score for half now will that sort you out will you be happy now etc which of course they won't be happy because that wasn't the problem the problem is not not having a team score the problem was he never turned up you think for reportedly the highest paid coach in international cricket that that would be a bare minimum it astounds me to think that he is going that apparently he is taking a six-week holiday who gets a six-week holiday in any job six-week holidays just don't exist that is the atmosphere that surrounds this entire england setup accountability clarity about objectives clarity about what happens when objectives aren't met clarity about which foundational beliefs they still believe in and which they don't.

1:10:48Because I've heard Rob Key talking about the foundational belief that you can go all out aggression and that can work against top class attacks. So he gave interviews this week which went something on the lines of, yeah, obviously, I still want to see batsmen be really aggressive and be really positive, but they also need to stick around and bat all day as well. And you're like, that's not a message. That's an aspiration. That's dreamland. dreamland is is that you can is viv richards is you can be unbelievably attacking batsmen who can also pull off double centuries at the same time or brian lara or whatever it might be so that's just to use one example of why i think you know richard is richard gould's job as chief executive and don't forget that he didn't appoint these guys he came in after these guys it's his job to look at these foundational beliefs look at the results and say guys look you've given it a great go.

1:11:39I totally respect the intent which you've brought to the job. I totally respect the way in which you've been consistent. It hasn't worked. You've got to go. Let's be under no illusions. I'm going to complete my thoughts on this. If this set of beliefs and that set of results have been delivered in India, by India, or by Australia, they wouldn't have got to four years. They wouldn't and the justification for some of the mistakes, because what they're talking about here is, well, we recognize there have been mistakes, almost like those mistakes were the first time that those things have been aired, but they weren't.

1:12:20They were aired continuously. When we went to India away and got thrashed, there wasn't enough preparation. You were too aggressive at moments of the game when you shouldn't have been aggressive. You've stuck with the same batsman, even if they're out of form. All these things were leveled by Ian Botham, Jeff Boycott, Michael Vaughan and Co. then. So for them to turn around now and say, oh, yeah, well, you know, we have made a couple of mistakes, but, you know, they've only just come to light. We've only just recognized them. We've only just seen them. They didn't exist before. Listening to Richard Gould, it was almost like the previous three and a half years had been all success.

1:12:57And this Ashes series was what he called a road bump, right? No, it has been a continual succession of road bumps, all caused by the same foundational beliefs having been proven to be wrong. Yep. Four years. Accountability. Final point for me just to ask you, because I want to make a potential differentiation while we've been packaging everything collectively. Where would you sit on Ben Stokes in all of this? Look, I think when it comes to the selection of the captain, who obviously also has to be a player who is selected for the team as well, right? I think that that is a different matter because effectively he is being appointed captain to carry out a strategy that's been determined by the head coach and agreed with by the managing director of Cricket England.

1:13:40And I think Stokes' position in the team has to stand and fall on his own performances. And that, you know, he's in his mid-30s now, and his body is really struggling to stand up. But I think when you look around the rest of the England team and ask the question, who else in that England team would you trust to competently captain the team? I think most of us would still say Ben Stokes. And I think that if there was a new head coach who had come in and had said, I'll tell you what, Ben. Look, I think you and Brendan did some great things. And we still want to be, broadly speaking, a positive team.

1:14:10And we still, broadly speaking, want to trust players and not be too dictatorial and that type of stuff. So we're not going to throw out the baby with the bathwater here. But we are going to have a fielding coach. We are going to prepare for tours properly. We are going to be a bit more what might we call professional about things, etc., etc. So just to be clear, are you okay with that? He's got a lot of credit in the bank. I mean, Ben Stokes, as a player, has got vast amounts of credit in the bank. let's be honest hero hero hero absolutely hero provided some of the greatest moments across sport yeah not even cricket um and i you know i actually really i've loved moments of this cricket and this leadership i've hated it as well because obviously we live and die by the results but it has been incredible and a lot of this isn't necessarily you know it's nothing personal it's not an attack on the individuals and their styles the point is all we're saying is that when a style doesn't work over a long period of time and the moment for accountability comes you have to acknowledge it and that doesn't seem like, well that hasn't happened here so who knows, going into another summer, you know really again all we're really talking about is well the next point of accountability comes at the next big series against either India or Australia because Charlie, I've got a funny feeling I've got a funny feeling and you can postmark, bookmark this and we'll come back to it I think they're taking for granted that we beat New Zealand and Pakistan and when you get this kind of lack of leadership and these fault lines and when you get a situation where foundational beliefs that have been built up over a long period of time have been proven to be false and then when you get yourself caught betwixt in between when you're not quite sure do we believe in county cricketers do we not believe in county cricketers not quite sure do we believe in out and out pace bowling or do we think we need it when you get caught betwixt in against New Zealand and Pakistan this summer.

1:16:05I dearly hope we don't, because I said this is my England cricket fandom is my cricket fandom. You know, watching England and Gloucestershire in my county cricket team play, that is for me pure fandom. I only want them to win. But I've got a fear in me as a sports administrator that the lack of leadership shown by Richard Gould might prove to be fatal when it comes to the next two years as well as the last two years. And breathe. Thank you. What a show. Thank you so much. I hope you all enjoyed it. Please, there was so much in there for you to respond to and comment on. So please continue to do that.

1:16:40And yeah, we'll see you next week. Thank you, Charlie. Thanks, Charlie. That's a wrap on another big week. Liverpool, what a discussion this was. And I cannot wait to see what the broader response will be as the news properly sinks in. The conversation around what this says about the club more broadly is where we really want to drive the conversation. So Liverpool fans, non-Liverpool fans, please get in touch and let us know your thoughts. Thank you so much, as always, and we'll see you next week.

From the publisher

I feel like we have a month’s worth of news that has happened since we last recorded. Mo Salah’s departure announcement, yet more Chelsea punishment, Brendon McCullum’s continuation as England Head Coach, Spurs going deeper into the relegation pit; where do we even start. Don’t worry, we’ll be taking a look at all of this in some capacity, but the Mo Salah news and what it tells us about Liverpool’s current situation, alongside the ECB’s decision to stick with the leadership that oversaw such a depressing winter for English cricket will lead from the front in this week’s episode of ‘The Breakdown’.


Disclaimer:

The views and opinions expressed on this podcast are for informational and entertainment purposes only. All financial analysis, commentary, and forecasts are based on publicly available information and/or permitted confidential sources. These represent our personal opinions, not professional financial, legal, or investment advice. We make no representations as to the accuracy or completeness of any information discussed. Nothing said should be taken as a statement of fact about any individual, club, or organisation's financial position or future prospects. We are not responsible for any actions taken based on our commentary.

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