tolmie's hairdoo said:
Chelsea are in an even better position than us.
They have an owner who can get the Stamford Bridge site for £2m, redevelop the land out of his own pocket and make half a billion on some of richest real estate in world.
Incidentally, he won't give a fuck if he also has to spend another £300m building a new stadium at Olympia or Battersea, it doesn't count to FFPR!
Yet the revenue from apartments/hotels/business premises, Chelsea can show as profits from a sale to a developer.
Arsenal did this with Highbury. Ambramovich is no mug, he's looking at a mammoth pay day for a nominal fees to the Chelsea pitch owners.
Tantamount to get half of his entire investment so far, back.
I expect them to again be the biggest spenders in football again at some point.
We have land worth fuck all trying to increase its value, they already retain it in west London.
Are you 100% sure on this? I can't be bothered to do a Prestwich Blue and actually study the FFPR (too much of a busman's...) but I'm sure that I've read in the past that Arsenal cannot include Highbury related revenue for FFPR.
Then again, I've also read that UEFA believe that FFPR is compliant with European Law but I believe there is a good case, in general, to say that it is actually anti-competitive and, if I had Mansour's money, I'd be gearing up to challenge it, should the need arise. I'm a simple soul and do not see how a team can be prevented from adopting a long-term investment strategy to be competitve with the existing elite by short-term restrictions that favour the elite: that is oligopilistic, IMO.