comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 1 minute ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
V good point
comment by Diamondlights (U20501)
posted 21 seconds ago
comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 1 minute ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
V good point
----------------------------------------------------------------------
Given that we raised that with the authorities before we entered this window I'd say probably not.
comment by JFDI (U1657)
posted 2 minutes ago
comment by Diamondlights (U20501)
posted 21 seconds ago
comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 1 minute ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
V good point
----------------------------------------------------------------------
Given that we raised that with the authorities before we entered this window I'd say probably not.
----------------------------------------------------------------------
well then there's nothing to worry about then
comment by Diamondlights (U20501)
posted 1 minute ago
comment by JFDI (U1657)
posted 2 minutes ago
comment by Diamondlights (U20501)
posted 21 seconds ago
comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 1 minute ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
V good point
----------------------------------------------------------------------
Given that we raised that with the authorities before we entered this window I'd say probably not.
----------------------------------------------------------------------
well then there's nothing to worry about then
----------------------------------------------------------------------
Let's be totally honest. The authorities in the UK and UEFA/FIFA will be looking to make an example of a team at some stage. As Barça, Madrid and PSG seem untouchable and Man City are flavour of the month, Chelsea make a good a scapegoat. We just have to trust that Clearlake keep the books perfectly and that the previous regime's sins were not too excessive.
comment by JFDI (U1657)
posted 5 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 5 minutes ago
comment by JFDI (U1657)
posted 13 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 3 minutes ago
comment by Edbo (U17933)
posted 10 seconds ago
I honestly think Todd Boehly doesn't have a clue. They're making the same mistake as last season - buying way too many players in a short space of time.
----------------------------------------------------------------------
Edbo, he is completely clueless. And for all Levy`s so called faults, I would have him everyday over the Boehley`s of this world. He will just jump ship, and leave Chelsea in serious trouble.
----------------------------------------------------------------------
Sandy, it's you who are clueless, yes we have spent a lot, but we have also generated a lot of revenue, as we have done for years as a club but also in sales.
As usual you focus on one aspect rather than the whole picture.
----------------------------------------------------------------------
You are buying players, then selling them for less than you purchased them. Don`t sound like a good idea to me. Also these long term contracts for so many players, probably most will not be very good, are going to bring your club down.
----------------------------------------------------------------------
Every club, even yours I am pretty much certain amortises the value of it players so that you can sell them for less than you paid for them as typically, like most things you buy, they devalue over time, this allows you to sell them at a lower rate allowing you to mitigate if not eliminate the risk.
Any homegrown players sold is 100% pure profit and we have been able to sell a fair few of them which also helps mitigate if not eliminate any losses from players we have purchased. We've been working smarter not harder for years, we've told you this many times, tried to explain it to you but if you haven't got it yet, I'm afraid I beginning you think you never will.
It's not a risk free strategy, it doesn't garrauntee success or failure. Last season was an example of it at its worst, this season is shaping up to a better version of it, so far.
----------------------------------------------------------------------
What i struggle to understand is that the season before Boehly, you posted £150m losses.
Even if through 'smart work' Chelsea have been able to do all this trading with a neutral impact on their finances (made/saved as much money as they have spent) then you will still be in a position of loss given the starting position of your finances.
Add to that the zero European money, the zero shirt sponsor money, your revenues have taken a massive hitr so even if everything else remained unchanged (which it clearly hasnt) your financial position is surely even worse in terms of Profit/loss than when it was sold.
comment by Devonshirespur (U6316)
posted 3 minutes ago
comment by JFDI (U1657)
posted 5 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 5 minutes ago
comment by JFDI (U1657)
posted 13 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 3 minutes ago
comment by Edbo (U17933)
posted 10 seconds ago
I honestly think Todd Boehly doesn't have a clue. They're making the same mistake as last season - buying way too many players in a short space of time.
----------------------------------------------------------------------
Edbo, he is completely clueless. And for all Levy`s so called faults, I would have him everyday over the Boehley`s of this world. He will just jump ship, and leave Chelsea in serious trouble.
----------------------------------------------------------------------
Sandy, it's you who are clueless, yes we have spent a lot, but we have also generated a lot of revenue, as we have done for years as a club but also in sales.
As usual you focus on one aspect rather than the whole picture.
----------------------------------------------------------------------
You are buying players, then selling them for less than you purchased them. Don`t sound like a good idea to me. Also these long term contracts for so many players, probably most will not be very good, are going to bring your club down.
----------------------------------------------------------------------
Every club, even yours I am pretty much certain amortises the value of it players so that you can sell them for less than you paid for them as typically, like most things you buy, they devalue over time, this allows you to sell them at a lower rate allowing you to mitigate if not eliminate the risk.
Any homegrown players sold is 100% pure profit and we have been able to sell a fair few of them which also helps mitigate if not eliminate any losses from players we have purchased. We've been working smarter not harder for years, we've told you this many times, tried to explain it to you but if you haven't got it yet, I'm afraid I beginning you think you never will.
It's not a risk free strategy, it doesn't garrauntee success or failure. Last season was an example of it at its worst, this season is shaping up to a better version of it, so far.
----------------------------------------------------------------------
What i struggle to understand is that the season before Boehly, you posted £150m losses.
Even if through 'smart work' Chelsea have been able to do all this trading with a neutral impact on their finances (made/saved as much money as they have spent) then you will still be in a position of loss given the starting position of your finances.
Add to that the zero European money, the zero shirt sponsor money, your revenues have taken a massive hitr so even if everything else remained unchanged (which it clearly hasnt) your financial position is surely even worse in terms of Profit/loss than when it was sold.
----------------------------------------------------------------------
I believe the answer to that lies in the 4.75m that clearlake paid for the club of which I believe the club price itself was around 2.5b. To get the real answer I think you need to look in detail at that transaction.
We know the money has not and will not go to Roman, what we don't know is where it is or has gone.
comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 14 minutes ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
Being out of Europe this season do they even need to show compliance at all with UEFA FFP?
Next season, after all this spending, they probably show huge losses but will be able to say, it's an improving picture and we are working towards being compliant, and as you say, a transfer ban would enforce some financial restraint, but given all their buying would not impact massively on them as they've done all their buying now.
If you think back to when City were caught & fined by UEFA, they got a big fine, much of which was suspended. The next season they showed their losses were reducing and that suspended fine was handed back to them. https://www.theguardian.com/football/2014/may/16/manchester-city-fine-transfer-cap-uefa-ffp
If UEFA et al truly want to clamp down then the punishments need to ramp up very quickly, not warnings and fines that do nothing to stop such behaviour.
comment by Devonshirespur (U6316)
posted 2 minutes ago
comment by JFDI (U1657)
posted 5 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 5 minutes ago
comment by JFDI (U1657)
posted 13 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 3 minutes ago
comment by Edbo (U17933)
posted 10 seconds ago
I honestly think Todd Boehly doesn't have a clue. They're making the same mistake as last season - buying way too many players in a short space of time.
----------------------------------------------------------------------
Edbo, he is completely clueless. And for all Levy`s so called faults, I would have him everyday over the Boehley`s of this world. He will just jump ship, and leave Chelsea in serious trouble.
----------------------------------------------------------------------
Sandy, it's you who are clueless, yes we have spent a lot, but we have also generated a lot of revenue, as we have done for years as a club but also in sales.
As usual you focus on one aspect rather than the whole picture.
----------------------------------------------------------------------
You are buying players, then selling them for less than you purchased them. Don`t sound like a good idea to me. Also these long term contracts for so many players, probably most will not be very good, are going to bring your club down.
----------------------------------------------------------------------
Every club, even yours I am pretty much certain amortises the value of it players so that you can sell them for less than you paid for them as typically, like most things you buy, they devalue over time, this allows you to sell them at a lower rate allowing you to mitigate if not eliminate the risk.
Any homegrown players sold is 100% pure profit and we have been able to sell a fair few of them which also helps mitigate if not eliminate any losses from players we have purchased. We've been working smarter not harder for years, we've told you this many times, tried to explain it to you but if you haven't got it yet, I'm afraid I beginning you think you never will.
It's not a risk free strategy, it doesn't garrauntee success or failure. Last season was an example of it at its worst, this season is shaping up to a better version of it, so far.
----------------------------------------------------------------------
What i struggle to understand is that the season before Boehly, you posted £150m losses.
Even if through 'smart work' Chelsea have been able to do all this trading with a neutral impact on their finances (made/saved as much money as they have spent) then you will still be in a position of loss given the starting position of your finances.
Add to that the zero European money, the zero shirt sponsor money, your revenues have taken a massive hitr so even if everything else remained unchanged (which it clearly hasnt) your financial position is surely even worse in terms of Profit/loss than when it was sold.
----------------------------------------------------------------------
You have to take into account that after the sale of the club all debt was paid off. Revenues at Chelsea historically are 400m+ without Champions League and just below 500m with Champions League. The shirt sponsor will be addressed shortly - we've all seen the leaked pictures from Sky Sports. Again, I repeat, 1 billion amorticized, 250m in player sales, and 400m in revenues minus operating costs and wages which is just over 50 percent of this. Believe it or not, Boehly will still have 50 or 60m to play with after today's signings. We will for sure be looking to sell Ziyech, Lukaku, Chalobah and CHO - all revenue which will go onto the books as income. Also, CHO and Chalobah would represent total profit as they are players who came through the youth system.
So many haters. People usually hate what they either a) don’t understand or b) didn’t think of first themselves.
Everybody is just jealous that Boehly was able to come to the league, think outside the box, and find a loophole to the benefit of his team. As much as I hate Chelsea being the team to do this, Fair play I say - you can’t knock the hustle.
PS - it won’t bankrupt the club, they have a separate cash flow statement but the reality is they will always invest more money if the cash becomes too low. So all they need to worry about is their balance sheet being acceptable for FFP, which it is
comment by Diamondlights (U20501)
posted 1 hour, 29 minutes ago
Can't be bothered to explain the financials of how they are doing it... In short, its amortization over the length of long contracts which are being given to young players with lots of upside. They are not making these deals with 27+ year olds. They are also selling a lot of young home grown players which they have stacked up in their academy over the years which count on an annualized basis on their balance sheet as huge profit. They are doing NOTHING outside of PL rules. They have also been massively helped by the Saudis paying stupid money to get old/ high earnings off their books.
It's a great strategy for a project manager like Poch who loves to develop young players.
Do I like it.... Not really but it is what it is. Would be nice if there was someone smart enough at Spurs to do what Clearlake are doing.. They have clear ambition to win. In case you haven't noticed the PL is a rich man's game.. Perhaps someone should let Levy & Lewis know !
Don't kid yourself, Chelsea will be challenging this season or next and will be comfortably ahead of Spurs this year.
It is what it is. Unlike Levy who's trying to fight the system to his own team's detriment.... Chelsea are changing the system.
All clubs (Ex Spurs) are waking up to what Chelsea are doing and will be doing similar over the next few years.
Its clever accounting. Nothing more !
----------------------------------------------------------------------
Is it clever accounting? It seems to me that spending big now eats into your budget for future windows should the project not be as successful as they hope. Amortising, in the context of FFP, means that you're staggering those payments over the length of the deal, at a max of five years, so that money is still taken from the 400m allowance for loss over a three year period. Essentially, if this gamble doesn't pay off, they're financially ruined, or at least they'll be in a position where they won't be able to sign anyone without selling first. They'll have to be completely sustainable for a long period or sell off all their assets.
Then there's the gamble giving young kids huge, long contracts. Where the incentive? Where does the drive come from? All it takes is a kid with a bad attitude, failing badly and stinking out the place demanding to see out his deal. Mudryk on an 8 year deal already seems a disaster.
Basically this HAS to work because if it doesn't, they're bang in trouble.
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
I see Chelsea finishing 4th. They actually got a strong team if they have the desire and Poch sides when they have younger players can outrun you and are dangerous in behind.
comment by Eric_Draven (U20260)
posted 27 minutes ago
comment by Devonshirespur (U6316)
posted 2 minutes ago
comment by JFDI (U1657)
posted 5 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 5 minutes ago
comment by JFDI (U1657)
posted 13 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 3 minutes ago
comment by Edbo (U17933)
posted 10 seconds ago
I honestly think Todd Boehly doesn't have a clue. They're making the same mistake as last season - buying way too many players in a short space of time.
----------------------------------------------------------------------
Edbo, he is completely clueless. And for all Levy`s so called faults, I would have him everyday over the Boehley`s of this world. He will just jump ship, and leave Chelsea in serious trouble.
----------------------------------------------------------------------
Sandy, it's you who are clueless, yes we have spent a lot, but we have also generated a lot of revenue, as we have done for years as a club but also in sales.
As usual you focus on one aspect rather than the whole picture.
----------------------------------------------------------------------
You are buying players, then selling them for less than you purchased them. Don`t sound like a good idea to me. Also these long term contracts for so many players, probably most will not be very good, are going to bring your club down.
----------------------------------------------------------------------
Every club, even yours I am pretty much certain amortises the value of it players so that you can sell them for less than you paid for them as typically, like most things you buy, they devalue over time, this allows you to sell them at a lower rate allowing you to mitigate if not eliminate the risk.
Any homegrown players sold is 100% pure profit and we have been able to sell a fair few of them which also helps mitigate if not eliminate any losses from players we have purchased. We've been working smarter not harder for years, we've told you this many times, tried to explain it to you but if you haven't got it yet, I'm afraid I beginning you think you never will.
It's not a risk free strategy, it doesn't garrauntee success or failure. Last season was an example of it at its worst, this season is shaping up to a better version of it, so far.
----------------------------------------------------------------------
What i struggle to understand is that the season before Boehly, you posted £150m losses.
Even if through 'smart work' Chelsea have been able to do all this trading with a neutral impact on their finances (made/saved as much money as they have spent) then you will still be in a position of loss given the starting position of your finances.
Add to that the zero European money, the zero shirt sponsor money, your revenues have taken a massive hitr so even if everything else remained unchanged (which it clearly hasnt) your financial position is surely even worse in terms of Profit/loss than when it was sold.
----------------------------------------------------------------------
You have to take into account that after the sale of the club all debt was paid off. Revenues at Chelsea historically are 400m+ without Champions League and just below 500m with Champions League. The shirt sponsor will be addressed shortly - we've all seen the leaked pictures from Sky Sports. Again, I repeat, 1 billion amorticized, 250m in player sales, and 400m in revenues minus operating costs and wages which is just over 50 percent of this. Believe it or not, Boehly will still have 50 or 60m to play with after today's signings. We will for sure be looking to sell Ziyech, Lukaku, Chalobah and CHO - all revenue which will go onto the books as income. Also, CHO and Chalobah would represent total profit as they are players who came through the youth system.
----------------------------------------------------------------------
Its not that simple though.
£250m in player sales doesnt always register as revenue IN.
So for example, Koulibaly bought for £35m on a 4 year deal. Sold 1 year later for £20m. His book value depreciates over his contrtact so after 1 year he's worth £27m. So selling for £20m is not £20m IN its in the books as a £7m loss on player trading. It also removes his amortised cost at say £9m a year and his wages but it does not free up an equivalent amount of money to spend.
With academy players, yes, their sale is pure profit, but only in year 1. Sell CHO today for £15m and it goes in the books as £15m profit on player trading, but it does not remove any amortised cost. So again, it doesnt free up an equivalent amount to spend again.
As i said i do struggle to see how they will be balancing the books, although i can see how potentially all this activity can have a more neutral impact, especially where they amortised big sums over 7 and 8 year deals, and also Boehly is not so stupid to just operate without knowing what they are doing financially, probably quite the opposite. But i do suspect they will not be compliant, suck up whatever likely financial punishment they get but have now set themselves up with a young squad that wont need much work on it for a while so can get spending under control over time which will probably keep UEFA from applying heavy sanctions.
Risky as if it doesn't work they have little flexibility to change it up but I am pretty impressed with the player they have bought, their age and profile and if it comes together with Poch CFC will be pretty well set for a while now.
comment by kloppites (U13373)
posted 5 minutes ago
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
----------------------------------------------------------------------
There aren't many mid table teams with our financials. I suppose you are closest but our last two signings show its more than just money.
comment by fridgeboy (U1053)
posted 5 minutes ago
comment by Diamondlights (U20501)
posted 1 hour, 29 minutes ago
Can't be bothered to explain the financials of how they are doing it... In short, its amortization over the length of long contracts which are being given to young players with lots of upside. They are not making these deals with 27+ year olds. They are also selling a lot of young home grown players which they have stacked up in their academy over the years which count on an annualized basis on their balance sheet as huge profit. They are doing NOTHING outside of PL rules. They have also been massively helped by the Saudis paying stupid money to get old/ high earnings off their books.
It's a great strategy for a project manager like Poch who loves to develop young players.
Do I like it.... Not really but it is what it is. Would be nice if there was someone smart enough at Spurs to do what Clearlake are doing.. They have clear ambition to win. In case you haven't noticed the PL is a rich man's game.. Perhaps someone should let Levy & Lewis know !
Don't kid yourself, Chelsea will be challenging this season or next and will be comfortably ahead of Spurs this year.
It is what it is. Unlike Levy who's trying to fight the system to his own team's detriment.... Chelsea are changing the system.
All clubs (Ex Spurs) are waking up to what Chelsea are doing and will be doing similar over the next few years.
Its clever accounting. Nothing more !
----------------------------------------------------------------------
Is it clever accounting? It seems to me that spending big now eats into your budget for future windows should the project not be as successful as they hope. Amortising, in the context of FFP, means that you're staggering those payments over the length of the deal, at a max of five years, so that money is still taken from the 400m allowance for loss over a three year period. Essentially, if this gamble doesn't pay off, they're financially ruined, or at least they'll be in a position where they won't be able to sign anyone without selling first. They'll have to be completely sustainable for a long period or sell off all their assets.
Then there's the gamble giving young kids huge, long contracts. Where the incentive? Where does the drive come from? All it takes is a kid with a bad attitude, failing badly and stinking out the place demanding to see out his deal. Mudryk on an 8 year deal already seems a disaster.
Basically this HAS to work because if it doesn't, they're bang in trouble.
----------------------------------------------------------------------
Effectvely, they've put all their eggs in one basket...Bust or win!
May the busting happen sooner
comment by BISS Bash BOSSED (U8366)
posted 52 minutes ago
So many haters. People usually hate what they either a) don’t understand or b) didn’t think of first themselves.
Everybody is just jealous that Boehly was able to come to the league, think outside the box, and find a loophole to the benefit of his team. As much as I hate Chelsea being the team to do this, Fair play I say - you can’t knock the hustle.
PS - it won’t bankrupt the club, they have a separate cash flow statement but the reality is they will always invest more money if the cash becomes too low. So all they need to worry about is their balance sheet being acceptable for FFP, which it is
----------------------------------------------------------------------
Haters, no mate. But the game needs help from the endless pushing up of transfer fees that Chelsea are doing. If Chelsea go bust I don't care. But I do care if my own club do, just because they are having to spend more and more on ride transfer fees.
Some pretty big accusations here Sandy. If you think bribery or wrongdoing has occurred then you should send your evidence to both the Premier League and FA immediately. Alternatively you can keep making stuff up on an internet forum. Oh yeah you're doing that already.
comment by JFDI (U1657)
posted 29 minutes ago
comment by kloppites (U13373)
posted 5 minutes ago
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
----------------------------------------------------------------------
There aren't many mid table teams with our financials. I suppose you are closest but our last two signings show its more than just money.
----------------------------------------------------------------------
Is it 8 year contracts 👍
comment by JFDI (U1657)
posted 23 minutes ago
comment by kloppites (U13373)
posted 5 minutes ago
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
----------------------------------------------------------------------
There aren't many mid table teams with our financials. I suppose you are closest but our last two signings show its more than just money.
----------------------------------------------------------------------
Wages make a massive difference and Chelsea offer way more than Liverpool, especially for yuoung players like this .
Nunez is reportedly on £140k a week. Enzo at CFC on £315k. No doubt Caicedo will be getting a bumper wage well in excess of what LFC were prepared to offer.
comment by Posh Mufc Great Hafi Not Arrogant Just Better (U6578)
posted 32 minutes ago
I see Chelsea finishing 4th. They actually got a strong team if they have the desire and Poch sides when they have younger players can outrun you and are dangerous in behind.
----------------------------------------------------------------------
Be lucky to finish 8th. They are not a good side despite spending a billion in 12 months.
comment by Superbettino (U6486)
posted 2 minutes ago
Some pretty big accusations here Sandy. If you think bribery or wrongdoing has occurred then you should send your evidence to both the Premier League and FA immediately. Alternatively you can keep making stuff up on an internet forum. Oh yeah you're doing that already.
----------------------------------------------------------------------
I don't need to Chelsea are still under investigation from the Abramovich era. I am sure the authorities have more than enough evidence to come down very severely on CFC.
comment by Diamondlights (U20501)
posted 2 hours, 32 minutes ago
Can't be bothered to explain the financials of how they are doing it... In short, its amortization over the length of long contracts which are being given to young players with lots of upside. They are not making these deals with 27+ year olds. They are also selling a lot of young home grown players which they have stacked up in their academy over the years which count on an annualized basis on their balance sheet as huge profit. They are doing NOTHING outside of PL rules. They have also been massively helped by the Saudis paying stupid money to get old/ high earnings off their books.
It's a great strategy for a project manager like Poch who loves to develop young players.
Do I like it.... Not really but it is what it is. Would be nice if there was someone smart enough at Spurs to do what Clearlake are doing.. They have clear ambition to win. In case you haven't noticed the PL is a rich man's game.. Perhaps someone should let Levy & Lewis know !
Don't kid yourself, Chelsea will be challenging this season or next and will be comfortably ahead of Spurs this year.
It is what it is. Unlike Levy who's trying to fight the system to his own team's detriment.... Chelsea are changing the system.
All clubs (Ex Spurs) are waking up to what Chelsea are doing and will be doing similar over the next few years.
Its clever accounting. Nothing more !
----------------------------------------------------------------------
I totally agree.
I wish Spurs would try something different to achieve success. All we do is complain about other teams which let’s our owners off the hook.
Moaning about City and Chelsea is pointless, just try and find ways to get better players.
Just shows that the people who run Spurs aren’t really as clever as they think they are. Actually, scratch that, they are clever at making it successful for them but certainly not on the football side.
comment by Devonshirespur (U6316)
posted 12 minutes ago
comment by JFDI (U1657)
posted 23 minutes ago
comment by kloppites (U13373)
posted 5 minutes ago
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
----------------------------------------------------------------------
There aren't many mid table teams with our financials. I suppose you are closest but our last two signings show its more than just money.
----------------------------------------------------------------------
Wages make a massive difference and Chelsea offer way more than Liverpool, especially for yuoung players like this .
Nunez is reportedly on £140k a week. Enzo at CFC on £315k. No doubt Caicedo will be getting a bumper wage well in excess of what LFC were prepared to offer.
----------------------------------------------------------------------
Actually, I'm not so sure. Was listening to a journalist last night who was saying that Chelsea are signing younger players on lower wages with performance bonuses and are now not offering the wages they once did. The higher earners are now gone ... with the exception of Lukaku and the new players all had stipulations reducing their contracts by large percentages if they didn't get Champions League. I am not saying they are not well-paid but it is not like it was before.
comment by Diamondlights (U20501)
posted 2 hours, 46 minutes ago
Can't be bothered to explain the financials of how they are doing it... In short, its amortization over the length of long contracts which are being given to young players with lots of upside. They are not making these deals with 27+ year olds. They are also selling a lot of young home grown players which they have stacked up in their academy over the years which count on an annualized basis on their balance sheet as huge profit. They are doing NOTHING outside of PL rules. They have also been massively helped by the Saudis paying stupid money to get old/ high earnings off their books.
It's a great strategy for a project manager like Poch who loves to develop young players.
Do I like it.... Not really but it is what it is. Would be nice if there was someone smart enough at Spurs to do what Clearlake are doing.. They have clear ambition to win. In case you haven't noticed the PL is a rich man's game.. Perhaps someone should let Levy & Lewis know !
Don't kid yourself, Chelsea will be challenging this season or next and will be comfortably ahead of Spurs this year.
It is what it is. Unlike Levy who's trying to fight the system to his own team's detriment.... Chelsea are changing the system.
All clubs (Ex Spurs) are waking up to what Chelsea are doing and will be doing similar over the next few years.
Its clever accounting. Nothing more !
----------------------------------------------------------------------
This.
Boehly/Clearlake are not stupid.
They have found loopholes or clever accountants to their benefit.
They are not doing anything illegal.
We have tight and risk averse chairman and board too stupid or arrogant to try and succeed and compete for trophies.
Sandy
Can you provide a detailed P&L of Chelsea finances over the last 3 seasons, i assume you have this to hand.
Can you also explain to me where we are currently falling a foul of regulations?
you keep mentioning this 800m, ( which will be more with lavia and Olise ) but can you please provide a detailed breakdown of player sales
I assume you have all of these answers
Someone also mentioned multiple FFP breaches, id be interested to see this information as well#
Kind Regards
Away from chatting Spurs for a bit
Page 2 of 5
posted on 16/8/23
comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 1 minute ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
V good point
posted on 16/8/23
comment by Diamondlights (U20501)
posted 21 seconds ago
comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 1 minute ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
V good point
----------------------------------------------------------------------
Given that we raised that with the authorities before we entered this window I'd say probably not.
posted on 16/8/23
comment by JFDI (U1657)
posted 2 minutes ago
comment by Diamondlights (U20501)
posted 21 seconds ago
comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 1 minute ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
V good point
----------------------------------------------------------------------
Given that we raised that with the authorities before we entered this window I'd say probably not.
----------------------------------------------------------------------
well then there's nothing to worry about then
posted on 16/8/23
comment by Diamondlights (U20501)
posted 1 minute ago
comment by JFDI (U1657)
posted 2 minutes ago
comment by Diamondlights (U20501)
posted 21 seconds ago
comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 1 minute ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
V good point
----------------------------------------------------------------------
Given that we raised that with the authorities before we entered this window I'd say probably not.
----------------------------------------------------------------------
well then there's nothing to worry about then
----------------------------------------------------------------------
Let's be totally honest. The authorities in the UK and UEFA/FIFA will be looking to make an example of a team at some stage. As Barça, Madrid and PSG seem untouchable and Man City are flavour of the month, Chelsea make a good a scapegoat. We just have to trust that Clearlake keep the books perfectly and that the previous regime's sins were not too excessive.
posted on 16/8/23
comment by JFDI (U1657)
posted 5 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 5 minutes ago
comment by JFDI (U1657)
posted 13 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 3 minutes ago
comment by Edbo (U17933)
posted 10 seconds ago
I honestly think Todd Boehly doesn't have a clue. They're making the same mistake as last season - buying way too many players in a short space of time.
----------------------------------------------------------------------
Edbo, he is completely clueless. And for all Levy`s so called faults, I would have him everyday over the Boehley`s of this world. He will just jump ship, and leave Chelsea in serious trouble.
----------------------------------------------------------------------
Sandy, it's you who are clueless, yes we have spent a lot, but we have also generated a lot of revenue, as we have done for years as a club but also in sales.
As usual you focus on one aspect rather than the whole picture.
----------------------------------------------------------------------
You are buying players, then selling them for less than you purchased them. Don`t sound like a good idea to me. Also these long term contracts for so many players, probably most will not be very good, are going to bring your club down.
----------------------------------------------------------------------
Every club, even yours I am pretty much certain amortises the value of it players so that you can sell them for less than you paid for them as typically, like most things you buy, they devalue over time, this allows you to sell them at a lower rate allowing you to mitigate if not eliminate the risk.
Any homegrown players sold is 100% pure profit and we have been able to sell a fair few of them which also helps mitigate if not eliminate any losses from players we have purchased. We've been working smarter not harder for years, we've told you this many times, tried to explain it to you but if you haven't got it yet, I'm afraid I beginning you think you never will.
It's not a risk free strategy, it doesn't garrauntee success or failure. Last season was an example of it at its worst, this season is shaping up to a better version of it, so far.
----------------------------------------------------------------------
What i struggle to understand is that the season before Boehly, you posted £150m losses.
Even if through 'smart work' Chelsea have been able to do all this trading with a neutral impact on their finances (made/saved as much money as they have spent) then you will still be in a position of loss given the starting position of your finances.
Add to that the zero European money, the zero shirt sponsor money, your revenues have taken a massive hitr so even if everything else remained unchanged (which it clearly hasnt) your financial position is surely even worse in terms of Profit/loss than when it was sold.
posted on 16/8/23
comment by Devonshirespur (U6316)
posted 3 minutes ago
comment by JFDI (U1657)
posted 5 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 5 minutes ago
comment by JFDI (U1657)
posted 13 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 3 minutes ago
comment by Edbo (U17933)
posted 10 seconds ago
I honestly think Todd Boehly doesn't have a clue. They're making the same mistake as last season - buying way too many players in a short space of time.
----------------------------------------------------------------------
Edbo, he is completely clueless. And for all Levy`s so called faults, I would have him everyday over the Boehley`s of this world. He will just jump ship, and leave Chelsea in serious trouble.
----------------------------------------------------------------------
Sandy, it's you who are clueless, yes we have spent a lot, but we have also generated a lot of revenue, as we have done for years as a club but also in sales.
As usual you focus on one aspect rather than the whole picture.
----------------------------------------------------------------------
You are buying players, then selling them for less than you purchased them. Don`t sound like a good idea to me. Also these long term contracts for so many players, probably most will not be very good, are going to bring your club down.
----------------------------------------------------------------------
Every club, even yours I am pretty much certain amortises the value of it players so that you can sell them for less than you paid for them as typically, like most things you buy, they devalue over time, this allows you to sell them at a lower rate allowing you to mitigate if not eliminate the risk.
Any homegrown players sold is 100% pure profit and we have been able to sell a fair few of them which also helps mitigate if not eliminate any losses from players we have purchased. We've been working smarter not harder for years, we've told you this many times, tried to explain it to you but if you haven't got it yet, I'm afraid I beginning you think you never will.
It's not a risk free strategy, it doesn't garrauntee success or failure. Last season was an example of it at its worst, this season is shaping up to a better version of it, so far.
----------------------------------------------------------------------
What i struggle to understand is that the season before Boehly, you posted £150m losses.
Even if through 'smart work' Chelsea have been able to do all this trading with a neutral impact on their finances (made/saved as much money as they have spent) then you will still be in a position of loss given the starting position of your finances.
Add to that the zero European money, the zero shirt sponsor money, your revenues have taken a massive hitr so even if everything else remained unchanged (which it clearly hasnt) your financial position is surely even worse in terms of Profit/loss than when it was sold.
----------------------------------------------------------------------
I believe the answer to that lies in the 4.75m that clearlake paid for the club of which I believe the club price itself was around 2.5b. To get the real answer I think you need to look in detail at that transaction.
We know the money has not and will not go to Roman, what we don't know is where it is or has gone.
posted on 16/8/23
comment by (K̇ash) - Liverpool 7-0 Man U (U1108)
posted 14 minutes ago
Chelsea are probably preparing for a transfer ban. Let's not forget all the FFP violations from 2012 to 2019 under Roman. They will have a bloated squad and as a backup they can loan players from Strasbourg who they own and have this summer purchased some of the most talented French youth.
----------------------------------------------------------------------
Being out of Europe this season do they even need to show compliance at all with UEFA FFP?
Next season, after all this spending, they probably show huge losses but will be able to say, it's an improving picture and we are working towards being compliant, and as you say, a transfer ban would enforce some financial restraint, but given all their buying would not impact massively on them as they've done all their buying now.
If you think back to when City were caught & fined by UEFA, they got a big fine, much of which was suspended. The next season they showed their losses were reducing and that suspended fine was handed back to them. https://www.theguardian.com/football/2014/may/16/manchester-city-fine-transfer-cap-uefa-ffp
If UEFA et al truly want to clamp down then the punishments need to ramp up very quickly, not warnings and fines that do nothing to stop such behaviour.
posted on 16/8/23
comment by Devonshirespur (U6316)
posted 2 minutes ago
comment by JFDI (U1657)
posted 5 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 5 minutes ago
comment by JFDI (U1657)
posted 13 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 3 minutes ago
comment by Edbo (U17933)
posted 10 seconds ago
I honestly think Todd Boehly doesn't have a clue. They're making the same mistake as last season - buying way too many players in a short space of time.
----------------------------------------------------------------------
Edbo, he is completely clueless. And for all Levy`s so called faults, I would have him everyday over the Boehley`s of this world. He will just jump ship, and leave Chelsea in serious trouble.
----------------------------------------------------------------------
Sandy, it's you who are clueless, yes we have spent a lot, but we have also generated a lot of revenue, as we have done for years as a club but also in sales.
As usual you focus on one aspect rather than the whole picture.
----------------------------------------------------------------------
You are buying players, then selling them for less than you purchased them. Don`t sound like a good idea to me. Also these long term contracts for so many players, probably most will not be very good, are going to bring your club down.
----------------------------------------------------------------------
Every club, even yours I am pretty much certain amortises the value of it players so that you can sell them for less than you paid for them as typically, like most things you buy, they devalue over time, this allows you to sell them at a lower rate allowing you to mitigate if not eliminate the risk.
Any homegrown players sold is 100% pure profit and we have been able to sell a fair few of them which also helps mitigate if not eliminate any losses from players we have purchased. We've been working smarter not harder for years, we've told you this many times, tried to explain it to you but if you haven't got it yet, I'm afraid I beginning you think you never will.
It's not a risk free strategy, it doesn't garrauntee success or failure. Last season was an example of it at its worst, this season is shaping up to a better version of it, so far.
----------------------------------------------------------------------
What i struggle to understand is that the season before Boehly, you posted £150m losses.
Even if through 'smart work' Chelsea have been able to do all this trading with a neutral impact on their finances (made/saved as much money as they have spent) then you will still be in a position of loss given the starting position of your finances.
Add to that the zero European money, the zero shirt sponsor money, your revenues have taken a massive hitr so even if everything else remained unchanged (which it clearly hasnt) your financial position is surely even worse in terms of Profit/loss than when it was sold.
----------------------------------------------------------------------
You have to take into account that after the sale of the club all debt was paid off. Revenues at Chelsea historically are 400m+ without Champions League and just below 500m with Champions League. The shirt sponsor will be addressed shortly - we've all seen the leaked pictures from Sky Sports. Again, I repeat, 1 billion amorticized, 250m in player sales, and 400m in revenues minus operating costs and wages which is just over 50 percent of this. Believe it or not, Boehly will still have 50 or 60m to play with after today's signings. We will for sure be looking to sell Ziyech, Lukaku, Chalobah and CHO - all revenue which will go onto the books as income. Also, CHO and Chalobah would represent total profit as they are players who came through the youth system.
posted on 16/8/23
So many haters. People usually hate what they either a) don’t understand or b) didn’t think of first themselves.
Everybody is just jealous that Boehly was able to come to the league, think outside the box, and find a loophole to the benefit of his team. As much as I hate Chelsea being the team to do this, Fair play I say - you can’t knock the hustle.
PS - it won’t bankrupt the club, they have a separate cash flow statement but the reality is they will always invest more money if the cash becomes too low. So all they need to worry about is their balance sheet being acceptable for FFP, which it is
posted on 16/8/23
comment by Diamondlights (U20501)
posted 1 hour, 29 minutes ago
Can't be bothered to explain the financials of how they are doing it... In short, its amortization over the length of long contracts which are being given to young players with lots of upside. They are not making these deals with 27+ year olds. They are also selling a lot of young home grown players which they have stacked up in their academy over the years which count on an annualized basis on their balance sheet as huge profit. They are doing NOTHING outside of PL rules. They have also been massively helped by the Saudis paying stupid money to get old/ high earnings off their books.
It's a great strategy for a project manager like Poch who loves to develop young players.
Do I like it.... Not really but it is what it is. Would be nice if there was someone smart enough at Spurs to do what Clearlake are doing.. They have clear ambition to win. In case you haven't noticed the PL is a rich man's game.. Perhaps someone should let Levy & Lewis know !
Don't kid yourself, Chelsea will be challenging this season or next and will be comfortably ahead of Spurs this year.
It is what it is. Unlike Levy who's trying to fight the system to his own team's detriment.... Chelsea are changing the system.
All clubs (Ex Spurs) are waking up to what Chelsea are doing and will be doing similar over the next few years.
Its clever accounting. Nothing more !
----------------------------------------------------------------------
Is it clever accounting? It seems to me that spending big now eats into your budget for future windows should the project not be as successful as they hope. Amortising, in the context of FFP, means that you're staggering those payments over the length of the deal, at a max of five years, so that money is still taken from the 400m allowance for loss over a three year period. Essentially, if this gamble doesn't pay off, they're financially ruined, or at least they'll be in a position where they won't be able to sign anyone without selling first. They'll have to be completely sustainable for a long period or sell off all their assets.
Then there's the gamble giving young kids huge, long contracts. Where the incentive? Where does the drive come from? All it takes is a kid with a bad attitude, failing badly and stinking out the place demanding to see out his deal. Mudryk on an 8 year deal already seems a disaster.
Basically this HAS to work because if it doesn't, they're bang in trouble.
posted on 16/8/23
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
posted on 16/8/23
I see Chelsea finishing 4th. They actually got a strong team if they have the desire and Poch sides when they have younger players can outrun you and are dangerous in behind.
posted on 16/8/23
comment by Eric_Draven (U20260)
posted 27 minutes ago
comment by Devonshirespur (U6316)
posted 2 minutes ago
comment by JFDI (U1657)
posted 5 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 5 minutes ago
comment by JFDI (U1657)
posted 13 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 3 minutes ago
comment by Edbo (U17933)
posted 10 seconds ago
I honestly think Todd Boehly doesn't have a clue. They're making the same mistake as last season - buying way too many players in a short space of time.
----------------------------------------------------------------------
Edbo, he is completely clueless. And for all Levy`s so called faults, I would have him everyday over the Boehley`s of this world. He will just jump ship, and leave Chelsea in serious trouble.
----------------------------------------------------------------------
Sandy, it's you who are clueless, yes we have spent a lot, but we have also generated a lot of revenue, as we have done for years as a club but also in sales.
As usual you focus on one aspect rather than the whole picture.
----------------------------------------------------------------------
You are buying players, then selling them for less than you purchased them. Don`t sound like a good idea to me. Also these long term contracts for so many players, probably most will not be very good, are going to bring your club down.
----------------------------------------------------------------------
Every club, even yours I am pretty much certain amortises the value of it players so that you can sell them for less than you paid for them as typically, like most things you buy, they devalue over time, this allows you to sell them at a lower rate allowing you to mitigate if not eliminate the risk.
Any homegrown players sold is 100% pure profit and we have been able to sell a fair few of them which also helps mitigate if not eliminate any losses from players we have purchased. We've been working smarter not harder for years, we've told you this many times, tried to explain it to you but if you haven't got it yet, I'm afraid I beginning you think you never will.
It's not a risk free strategy, it doesn't garrauntee success or failure. Last season was an example of it at its worst, this season is shaping up to a better version of it, so far.
----------------------------------------------------------------------
What i struggle to understand is that the season before Boehly, you posted £150m losses.
Even if through 'smart work' Chelsea have been able to do all this trading with a neutral impact on their finances (made/saved as much money as they have spent) then you will still be in a position of loss given the starting position of your finances.
Add to that the zero European money, the zero shirt sponsor money, your revenues have taken a massive hitr so even if everything else remained unchanged (which it clearly hasnt) your financial position is surely even worse in terms of Profit/loss than when it was sold.
----------------------------------------------------------------------
You have to take into account that after the sale of the club all debt was paid off. Revenues at Chelsea historically are 400m+ without Champions League and just below 500m with Champions League. The shirt sponsor will be addressed shortly - we've all seen the leaked pictures from Sky Sports. Again, I repeat, 1 billion amorticized, 250m in player sales, and 400m in revenues minus operating costs and wages which is just over 50 percent of this. Believe it or not, Boehly will still have 50 or 60m to play with after today's signings. We will for sure be looking to sell Ziyech, Lukaku, Chalobah and CHO - all revenue which will go onto the books as income. Also, CHO and Chalobah would represent total profit as they are players who came through the youth system.
----------------------------------------------------------------------
Its not that simple though.
£250m in player sales doesnt always register as revenue IN.
So for example, Koulibaly bought for £35m on a 4 year deal. Sold 1 year later for £20m. His book value depreciates over his contrtact so after 1 year he's worth £27m. So selling for £20m is not £20m IN its in the books as a £7m loss on player trading. It also removes his amortised cost at say £9m a year and his wages but it does not free up an equivalent amount of money to spend.
With academy players, yes, their sale is pure profit, but only in year 1. Sell CHO today for £15m and it goes in the books as £15m profit on player trading, but it does not remove any amortised cost. So again, it doesnt free up an equivalent amount to spend again.
As i said i do struggle to see how they will be balancing the books, although i can see how potentially all this activity can have a more neutral impact, especially where they amortised big sums over 7 and 8 year deals, and also Boehly is not so stupid to just operate without knowing what they are doing financially, probably quite the opposite. But i do suspect they will not be compliant, suck up whatever likely financial punishment they get but have now set themselves up with a young squad that wont need much work on it for a while so can get spending under control over time which will probably keep UEFA from applying heavy sanctions.
Risky as if it doesn't work they have little flexibility to change it up but I am pretty impressed with the player they have bought, their age and profile and if it comes together with Poch CFC will be pretty well set for a while now.
posted on 16/8/23
comment by kloppites (U13373)
posted 5 minutes ago
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
----------------------------------------------------------------------
There aren't many mid table teams with our financials. I suppose you are closest but our last two signings show its more than just money.
posted on 16/8/23
comment by fridgeboy (U1053)
posted 5 minutes ago
comment by Diamondlights (U20501)
posted 1 hour, 29 minutes ago
Can't be bothered to explain the financials of how they are doing it... In short, its amortization over the length of long contracts which are being given to young players with lots of upside. They are not making these deals with 27+ year olds. They are also selling a lot of young home grown players which they have stacked up in their academy over the years which count on an annualized basis on their balance sheet as huge profit. They are doing NOTHING outside of PL rules. They have also been massively helped by the Saudis paying stupid money to get old/ high earnings off their books.
It's a great strategy for a project manager like Poch who loves to develop young players.
Do I like it.... Not really but it is what it is. Would be nice if there was someone smart enough at Spurs to do what Clearlake are doing.. They have clear ambition to win. In case you haven't noticed the PL is a rich man's game.. Perhaps someone should let Levy & Lewis know !
Don't kid yourself, Chelsea will be challenging this season or next and will be comfortably ahead of Spurs this year.
It is what it is. Unlike Levy who's trying to fight the system to his own team's detriment.... Chelsea are changing the system.
All clubs (Ex Spurs) are waking up to what Chelsea are doing and will be doing similar over the next few years.
Its clever accounting. Nothing more !
----------------------------------------------------------------------
Is it clever accounting? It seems to me that spending big now eats into your budget for future windows should the project not be as successful as they hope. Amortising, in the context of FFP, means that you're staggering those payments over the length of the deal, at a max of five years, so that money is still taken from the 400m allowance for loss over a three year period. Essentially, if this gamble doesn't pay off, they're financially ruined, or at least they'll be in a position where they won't be able to sign anyone without selling first. They'll have to be completely sustainable for a long period or sell off all their assets.
Then there's the gamble giving young kids huge, long contracts. Where the incentive? Where does the drive come from? All it takes is a kid with a bad attitude, failing badly and stinking out the place demanding to see out his deal. Mudryk on an 8 year deal already seems a disaster.
Basically this HAS to work because if it doesn't, they're bang in trouble.
----------------------------------------------------------------------
Effectvely, they've put all their eggs in one basket...Bust or win!
May the busting happen sooner
posted on 16/8/23
comment by BISS Bash BOSSED (U8366)
posted 52 minutes ago
So many haters. People usually hate what they either a) don’t understand or b) didn’t think of first themselves.
Everybody is just jealous that Boehly was able to come to the league, think outside the box, and find a loophole to the benefit of his team. As much as I hate Chelsea being the team to do this, Fair play I say - you can’t knock the hustle.
PS - it won’t bankrupt the club, they have a separate cash flow statement but the reality is they will always invest more money if the cash becomes too low. So all they need to worry about is their balance sheet being acceptable for FFP, which it is
----------------------------------------------------------------------
Haters, no mate. But the game needs help from the endless pushing up of transfer fees that Chelsea are doing. If Chelsea go bust I don't care. But I do care if my own club do, just because they are having to spend more and more on ride transfer fees.
posted on 16/8/23
Some pretty big accusations here Sandy. If you think bribery or wrongdoing has occurred then you should send your evidence to both the Premier League and FA immediately. Alternatively you can keep making stuff up on an internet forum. Oh yeah you're doing that already.
posted on 16/8/23
comment by JFDI (U1657)
posted 29 minutes ago
comment by kloppites (U13373)
posted 5 minutes ago
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
----------------------------------------------------------------------
There aren't many mid table teams with our financials. I suppose you are closest but our last two signings show its more than just money.
----------------------------------------------------------------------
Is it 8 year contracts 👍
posted on 16/8/23
comment by JFDI (U1657)
posted 23 minutes ago
comment by kloppites (U13373)
posted 5 minutes ago
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
----------------------------------------------------------------------
There aren't many mid table teams with our financials. I suppose you are closest but our last two signings show its more than just money.
----------------------------------------------------------------------
Wages make a massive difference and Chelsea offer way more than Liverpool, especially for yuoung players like this .
Nunez is reportedly on £140k a week. Enzo at CFC on £315k. No doubt Caicedo will be getting a bumper wage well in excess of what LFC were prepared to offer.
posted on 16/8/23
comment by Posh Mufc Great Hafi Not Arrogant Just Better (U6578)
posted 32 minutes ago
I see Chelsea finishing 4th. They actually got a strong team if they have the desire and Poch sides when they have younger players can outrun you and are dangerous in behind.
----------------------------------------------------------------------
Be lucky to finish 8th. They are not a good side despite spending a billion in 12 months.
posted on 16/8/23
comment by Superbettino (U6486)
posted 2 minutes ago
Some pretty big accusations here Sandy. If you think bribery or wrongdoing has occurred then you should send your evidence to both the Premier League and FA immediately. Alternatively you can keep making stuff up on an internet forum. Oh yeah you're doing that already.
----------------------------------------------------------------------
I don't need to Chelsea are still under investigation from the Abramovich era. I am sure the authorities have more than enough evidence to come down very severely on CFC.
posted on 16/8/23
comment by Diamondlights (U20501)
posted 2 hours, 32 minutes ago
Can't be bothered to explain the financials of how they are doing it... In short, its amortization over the length of long contracts which are being given to young players with lots of upside. They are not making these deals with 27+ year olds. They are also selling a lot of young home grown players which they have stacked up in their academy over the years which count on an annualized basis on their balance sheet as huge profit. They are doing NOTHING outside of PL rules. They have also been massively helped by the Saudis paying stupid money to get old/ high earnings off their books.
It's a great strategy for a project manager like Poch who loves to develop young players.
Do I like it.... Not really but it is what it is. Would be nice if there was someone smart enough at Spurs to do what Clearlake are doing.. They have clear ambition to win. In case you haven't noticed the PL is a rich man's game.. Perhaps someone should let Levy & Lewis know !
Don't kid yourself, Chelsea will be challenging this season or next and will be comfortably ahead of Spurs this year.
It is what it is. Unlike Levy who's trying to fight the system to his own team's detriment.... Chelsea are changing the system.
All clubs (Ex Spurs) are waking up to what Chelsea are doing and will be doing similar over the next few years.
Its clever accounting. Nothing more !
----------------------------------------------------------------------
I totally agree.
I wish Spurs would try something different to achieve success. All we do is complain about other teams which let’s our owners off the hook.
Moaning about City and Chelsea is pointless, just try and find ways to get better players.
Just shows that the people who run Spurs aren’t really as clever as they think they are. Actually, scratch that, they are clever at making it successful for them but certainly not on the football side.
posted on 16/8/23
comment by Devonshirespur (U6316)
posted 12 minutes ago
comment by JFDI (U1657)
posted 23 minutes ago
comment by kloppites (U13373)
posted 5 minutes ago
I don’t see any other mid table club spending like there’s no tomorrow 👍 something smells fishy with Chelsea
----------------------------------------------------------------------
There aren't many mid table teams with our financials. I suppose you are closest but our last two signings show its more than just money.
----------------------------------------------------------------------
Wages make a massive difference and Chelsea offer way more than Liverpool, especially for yuoung players like this .
Nunez is reportedly on £140k a week. Enzo at CFC on £315k. No doubt Caicedo will be getting a bumper wage well in excess of what LFC were prepared to offer.
----------------------------------------------------------------------
Actually, I'm not so sure. Was listening to a journalist last night who was saying that Chelsea are signing younger players on lower wages with performance bonuses and are now not offering the wages they once did. The higher earners are now gone ... with the exception of Lukaku and the new players all had stipulations reducing their contracts by large percentages if they didn't get Champions League. I am not saying they are not well-paid but it is not like it was before.
posted on 16/8/23
comment by Diamondlights (U20501)
posted 2 hours, 46 minutes ago
Can't be bothered to explain the financials of how they are doing it... In short, its amortization over the length of long contracts which are being given to young players with lots of upside. They are not making these deals with 27+ year olds. They are also selling a lot of young home grown players which they have stacked up in their academy over the years which count on an annualized basis on their balance sheet as huge profit. They are doing NOTHING outside of PL rules. They have also been massively helped by the Saudis paying stupid money to get old/ high earnings off their books.
It's a great strategy for a project manager like Poch who loves to develop young players.
Do I like it.... Not really but it is what it is. Would be nice if there was someone smart enough at Spurs to do what Clearlake are doing.. They have clear ambition to win. In case you haven't noticed the PL is a rich man's game.. Perhaps someone should let Levy & Lewis know !
Don't kid yourself, Chelsea will be challenging this season or next and will be comfortably ahead of Spurs this year.
It is what it is. Unlike Levy who's trying to fight the system to his own team's detriment.... Chelsea are changing the system.
All clubs (Ex Spurs) are waking up to what Chelsea are doing and will be doing similar over the next few years.
Its clever accounting. Nothing more !
----------------------------------------------------------------------
This.
Boehly/Clearlake are not stupid.
They have found loopholes or clever accountants to their benefit.
They are not doing anything illegal.
We have tight and risk averse chairman and board too stupid or arrogant to try and succeed and compete for trophies.
posted on 16/8/23
Sandy
Can you provide a detailed P&L of Chelsea finances over the last 3 seasons, i assume you have this to hand.
Can you also explain to me where we are currently falling a foul of regulations?
you keep mentioning this 800m, ( which will be more with lavia and Olise ) but can you please provide a detailed breakdown of player sales
I assume you have all of these answers
Someone also mentioned multiple FFP breaches, id be interested to see this information as well#
Kind Regards
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