Nobby
Well-known member
- Sep 29, 2007
- 2,892
[Football] Chelsea - Spending well beyond FFP limits or astute purchases maxing out within FFP?
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Nobby
Well-known member
- Sep 29, 2007
- 2,892
2,000 lawyers working on it as we speak.prob not. But one day something like the authorities getting a backbone will have to happen…
What’s happening with all the Man City rule breaks on that note?
Oh and a couple of them are with the Premier League.
maltaseagull
Well-known member
£900 million in a year is probably correct though.
Simon Jordan spoke about this the other day. He reckons they’re just about okay at the moment as they are off-loading players as well. Whilst purchases are amortized over the duration of the contract sales are more a big lump e.g. buy 5 players for 1m each on 5 year contracts that’s 1m per year in the accounts. Sell a player for 1m and you’re breaking even.
This makes sense to me although I have not looked at the exact figures in the Chelsea case. That said, they do now seem to be a hostage to fortune.
This makes sense to me although I have not looked at the exact figures in the Chelsea case. That said, they do now seem to be a hostage to fortune.
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Mo Gosfield
Well-known member
- Aug 11, 2010
- 6,362
Oh dear god....please let it happen.....then the rest of us pawns, in a game we can never win and will never be allowed to win, can start enjoying our domestic football again and let the greed and corruption tear itself to pieces away from these shores.
Mo Gosfield
Well-known member
- Aug 11, 2010
- 6,362
Its stopping rivals getting players.
They hijacked the Mudryk deal, when he had agreed to join Arsenal. Clearly influenced Cashseedough some months before ( " I said yes to them in May "......errrr....doesn't that make you in breach of contract? ) and made damn sure they killed off Liverpool and now the same thing with Lavia. Now we learn that they have their sights set on Olise, despite interest from other big clubs.
Its a tawdry, sham of a club, financially bullying their way back up the ladder and sticking two fingers up on the way.
Uh_huh_him
Well-known member
- Sep 28, 2011
- 12,121
Jordan's back of a fag packet amortisation for Todd's regime has them at about £135m per year for the next 7-8 years.
The wage bill must be at least a further £175m, probably more
On top of this there may be existing amortisation costs for some of the players still on their books, from the previous regime.
Chelsea's income was about £400m when they were in the UCL.
I assume that will come down to £300m next season.
They'll be ok this season because they've made £200m profit on sales.
Failing to make UCL this season is not an option for them.
Hence why they are buying up all the talent and blocking Liverpool's main targets.
Agree, as I say they’re a hostage to fortune. CL will also be tougher with Newcastle in the mix. f*** ‘Em.
Uh_huh_him
Well-known member
- Sep 28, 2011
- 12,121
Well quite.
Also there are a number of quality teams outside the top 6/7 that will nick points from them.
I think the Todd has a flawed view of the Premier League, based on past performance, rather than the current relative strengths, of the teams in the division.
southstandandy
WEST STAND ANDY
- Jul 9, 2003
- 6,047
Aren't they essentially spending money in advance of the next few years transfer budgets by buying players and spreading their costs over a long period of time?
Surely next summer and the ones thereafter they will have less to spend as they will already have used up a large percentage of their budgets this summer (unless they sell a bucket load of players).
Surely next summer and the ones thereafter they will have less to spend as they will already have used up a large percentage of their budgets this summer (unless they sell a bucket load of players).
We've seen with City/Everton/Chelsea there is no point
May as well spend away, you will get a small fine or the charges will just go away.
Let's hope they crash and burn. Let Chelsea become an example of what not to do rather than an example of greed and entitlement rewarded.
If I were a true Chelsea fan, I'd be worried. I could easily see myself in 5 years time (when all those Asian and African fans have started following some other club) rocking up on NSC saying that 'they come in peace and want help getting rid of our corrupt owners before we're relegated and do a Bolton.'
Neville's Breakfast
Well-known member
The issue with that idea for the most successful clubs is that it makes it more difficult for existing elites to be challenged. Chelsea and Man City are effectively ignoring FFP because otherwise they would not have been able to challenge Man Utd, Liverpool, Arsenal, RM who have spent decades outspending everyone else. I honestly don’t think there is an answer to this within existing structures. Blame Jimmy Hill and everyone who came after him. There will never be a level playing field unless tv money is distributed equally throughout the game rather than just to the most successful which just embeds the status quo and encourages the wrong kind of owners.
TWOCHOICEStom
Well-known member
I can picture it now. Though the next time round I think they'll have got enough influential people on board to drastically change how it's reported in the media.
Doingitforthekids
Member
- May 1, 2023
- 66
The Athletic had a fairly balanced article yesterday explaining how FFP applies to Chelsea and coming to the conclusion that they're probably ok for now.
However, it's a high risk strategy and are banking on European qualification, inflation in prices etc to pull it off. Should one 9f those fall through then they're going to be in a pickle quite quickly.
It also raised questions about the speed and effectiveness of FFP. Firstly it's based on accounts which are only ever normally available around Marcj the following season. And for people who have money, what is an appropriate penalty - it's unlikely to be financial so would need to be points deduction or barring from European competition (as I believe the PL need to notiknally nominate the team each year)
However, it's a high risk strategy and are banking on European qualification, inflation in prices etc to pull it off. Should one 9f those fall through then they're going to be in a pickle quite quickly.
It also raised questions about the speed and effectiveness of FFP. Firstly it's based on accounts which are only ever normally available around Marcj the following season. And for people who have money, what is an appropriate penalty - it's unlikely to be financial so would need to be points deduction or barring from European competition (as I believe the PL need to notiknally nominate the team each year)
Neville's Breakfast
Well-known member
I think opinion within football has hardened against these clubs and a lot of people would now be happy to see them go. This opinion will lead the reporting rather than the other way around. It has to be a full departure from English football though.
Were that to happen, no club from outside the group should ever play any club in it. So we get the PL, La Liga, etc etc, without a few soulless teams. We'll continue with our existing competitions, including things like the CL, and those clubs won't be involved.
I think they'd fail.
Obviously. Clubs breaking the rules should be banned for like 5 years. As well as any punishment the PL can also apply.
ElectricNaz
Well-known member
They're probably okay - looking at the young talent they have, and amortisation rules, even with the suggested £135m per season they have baked into their accounts for the best part of the next decade, that's effectively only one or two decent players being sold to Saudi every season, to be okay. If not, some lovely commercial deals which aren't at all shady will help bridge any remaining gap.
For context, that is more than offset with the £220m they have brought in this season (minus any write off for Koulibaly & Mendy who are probably the only two with any real "value" left following their initial deals recently).
And, by all accounts, their wage bill has more than likely come down given the focus on lower paid youngsters on longer deals.
For context, that is more than offset with the £220m they have brought in this season (minus any write off for Koulibaly & Mendy who are probably the only two with any real "value" left following their initial deals recently).
And, by all accounts, their wage bill has more than likely come down given the focus on lower paid youngsters on longer deals.