PL charge City for alleged breaches of financial rules

By reading some of these latter posts I am getting the apparent message that the decision to abandon the idea of the European Super League was a little hasty. Major businesses like top football clubs of today need proper administration and planning without a bunch of small time clubs ganging up together shouting to the media IT’S NOT FAIR.
 
How much is Chelsea hotel worth ? I mean the figure seems high but it’s London and it could be worth more if the ground is redeveloped on the other hand it could be worth less if the redevelopment means knocking it down or relocating Chelsea no away fans. I thought I read it has been loosing money do not know how in London
 
halfcenturyup said:
It's in the 2022/23 accounts and, as far as I know, only Everton and Forest are being done for breaches for the 2021-23 period, so, yes I assume it means Chelsea's accounts were OK.

Which is very interesting, if the PL really are looking at the sales of image rights and other IP in 2013.
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But this sale has only just been mentioned in the press. After sanction of Everton and Nottingham Forrest which came after the accounting period so surely any sanction or not is still to come
 
WRicko said:
But this sale has only just been mentioned in the press. After sanction of Everton and Nottingham Forrest which came after the accounting period so surely any sanction or not is still to come
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It was 28 June 2023, so in the 2022/23 accounts that have just been filed.
 
WRicko said:
How much is Chelsea hotel worth ? I mean the figure seems high but it’s London and it could be worth more if the ground is redeveloped on the other hand it could be worth less if the redevelopment means knocking it down or relocating Chelsea no away fans. I thought I read it has been loosing money do not know how in London
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Well, there wasn't a losing bid.
 
Sofiablu said:
Having read that post it’s clear that the PL are once again setting themselves up as judge and jury. This is clearly the danger for City during the assessment of our charges. Whilst I have every confidence in the City board and management having done things correctly I have zero confidence in impartiality of the PL and its so called independent commission.
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Well then we take it to a proper court if they stitch us up.
 
wolviedinho said:
Well then we take it to a proper court if they stitch us up.
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If we can, cos I would expect the PL to be very ‘careful’ about the wording of their guilty verdict. Also, the outcry, as we are seen to try and further delay ‘justice’, would be phenomenal. We need an iron clad case to mitigate against any red shirted/PL orchestrated bullshit
 
WRicko said:
How much is Chelsea hotel worth ? I mean the figure seems high but it’s London and it could be worth more if the ground is redeveloped on the other hand it could be worth less if the redevelopment means knocking it down or relocating Chelsea no away fans. I thought I read it has been loosing money do not know how in London
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Said with tongue firmly in cheek but isn't that a bit of a "no shit Sherlock" statement?

;)
 
Centurions said:
Said with tongue firmly in cheek but isn't that a bit of a "no shit Sherlock" statement?

;)
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Well yes but I am just saying that we do not know what will happen to the hotel and perhaps no one would buy it well other than Chelsea’s owner what was the loosing bid
 
Exeter Blue I am here said:
If we can, cos I would expect the PL to be very ‘careful’ about the wording of their guilty verdict. Also, the outcry, as we are seen to try and further delay ‘justice’, would be phenomenal. We need an iron clad case to mitigate against any red shirted/PL orchestrated bullshit
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They couldn't even get the wording of the charges right!!
 
halfcenturyup said:
This is true, it's just mind-bogglingly stupid that a club with owners who have another billion to spend are forced to sell the club's assets in order to meet financial rules that are supposed to make clubs sustainable ..... It's almost as if that wasn't the real purpose.

Chelsea are in such deep shit this year, they may have to sell the leasehold on the Bridge ..... how will that go down?
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Mental isn't it. I'm not sure how the word sustainability is even in there. If Chelsea now change owners they'll be in a worse place than they were before as their assets have just been stripped.
 
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BerkshireBlue said:
Mental isn't it. I'm not sure how the word sustainability is even in there. If Chelsea now change owners they'll be in a worse place than they are before as their assets have just been stripped.
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Absolutely, and we can all discuss the PL rule changes around APTs and acting in good faith until we are blue in the face.

But if they are so fucking stupid that they are still concentrating on these things instead of the issues that are really important they are making the same mistakes as United and Liverpool (not surprisingly, I suppose) who have been so obsessed for 15 years with new rules to stop City, they have forgotten that what they need to do is actually improve themselves.

It is so easy to prevent this sale of asset "loophole" without worrying about bad faith, APTs and commercial rationales. Just make any income from infrastructure assets deductible from PSR income the same way any expenses relating to infrastructure assets are deductible from PSR expenses. Job done. And it should always have been done, tbh.
 
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