You can’t get a good wack! You get a loan fee plus wages are usually paid by that team to depending how much! Say Sterling went on loan to Barcelona they’d pay a lone fee I’d say 12m and maybe half his wages so all in all they’ll get around 6m on there books! If they somehow loan or sell 6/8 players it will make a difference.. can’t wait for there accounts that not come out yet! There losses will be enormous probably around 200/250m after losses of 145m last year, but like been said all last owners accounts been wiped out it’s a fresh start accounting wise!
Chelsea Thread - 2022/23 | Pochettino confirmed as new manager
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You can’t get a good wack! You get a loan fee plus wages are usually paid by that team to depending how much! Say Sterling went on loan to Barcelona they’d pay a lone fee I’d say 12m and maybe half his wages so all in all they’ll get around 6m on there books! If they somehow loan or sell 6/8 players it will make a difference.. can’t wait for there accounts that not come out yet! There losses will be enormous probably around 200/250m after losses of 145m last year, but like been said all last owners accounts been wiped out it’s a fresh start accounting wise!
richards30
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A disgrace that was allowed to happen mate! The £1.6bn of debt should NOT have been allowed to just be written off when through their accounting periods it was mentioned that the debt was there?
Agree but it’s happened no good keep going back to that! A new owner a massive spend and all new accountings!
Am looking forward to Swiss ramble take on it when he posts it on Twitter next day or two..
halfcenturyup
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Well the Swiss ramble article is out not pasting it because deserves the clicks
Will Chelsea's Transfer Spend Break Financial Fair Play Rules?
Dancing Shoesswissramble.substack.com
So, they are fucked without CL football next year ...... they better get better.
An extract from the article regarding premiere ffp seem they’ll be fine
Surely, the huge transfer spend last summer and this January will take Chelsea over the limit? Well, I’ve estimated a £166m loss for 2022/23, which would mean £207m losses over the monitoring period.
However, even with this substantial deficit, Chelsea would still be fine under the Premier League’s P&S rules, thanks to the various allowances, though their margin of safety would fall to £21m!
Another extract regarding Uefa ffp more cagy and like I have posted before breaking uefa ffp why worry if your not City it’s usually only a fine!
UEFA – Financial Sustainability
However, Chelsea will have a bigger challenge to comply with UEFA’s FFP rules, which are stricter than the Premier League, as the allowable losses (“acceptable deviation”) over 3 years are only €30m (including €25m equity contribution), compared to £105m in the Premier League.
Even if Chelsea end up as a little above the allowable loss, they will not be overly concerned. Looking at the most recent UEFA penalties announced in September 2022, the payments were not too onerous for a club with Chelsea’s financial backing.
Even when the fine was as much as €65m (for Paris Saint-Germain), only a small amount of the settlement was paid immediately (€10m) with the remaining €55m conditional. This would depend on future compliance with targets and Chelsea’s board would be confident of better figures in the future.
Boehly’s consortium might consider such a penalty to effectively be a cost of doing business and worth paying if it allows them to build a squad capable of challenging at the highest levels.
I recommend reading the article it makes you understood ffp with accounting of clubs..
Surely, the huge transfer spend last summer and this January will take Chelsea over the limit? Well, I’ve estimated a £166m loss for 2022/23, which would mean £207m losses over the monitoring period.
However, even with this substantial deficit, Chelsea would still be fine under the Premier League’s P&S rules, thanks to the various allowances, though their margin of safety would fall to £21m!
Another extract regarding Uefa ffp more cagy and like I have posted before breaking uefa ffp why worry if your not City it’s usually only a fine!
UEFA – Financial Sustainability
However, Chelsea will have a bigger challenge to comply with UEFA’s FFP rules, which are stricter than the Premier League, as the allowable losses (“acceptable deviation”) over 3 years are only €30m (including €25m equity contribution), compared to £105m in the Premier League.
Even if Chelsea end up as a little above the allowable loss, they will not be overly concerned. Looking at the most recent UEFA penalties announced in September 2022, the payments were not too onerous for a club with Chelsea’s financial backing.
Even when the fine was as much as €65m (for Paris Saint-Germain), only a small amount of the settlement was paid immediately (€10m) with the remaining €55m conditional. This would depend on future compliance with targets and Chelsea’s board would be confident of better figures in the future.
Boehly’s consortium might consider such a penalty to effectively be a cost of doing business and worth paying if it allows them to build a squad capable of challenging at the highest levels.
I recommend reading the article it makes you understood ffp with accounting of clubs..
And this bit is for all those questioning the write off of the 1.5b loan
Debt
Roman Abramovich put £1.5 bln into Chelsea, resulting in the highest debt in the Premier League, though it has been reported that the former owner wrote-off this balance as part of the club sale.
The resulting credit in the books will be excluded from the break-even calculations, so the club will not benefit from this, at least in terms of Financial Fair Play
Debt
Roman Abramovich put £1.5 bln into Chelsea, resulting in the highest debt in the Premier League, though it has been reported that the former owner wrote-off this balance as part of the club sale.
The resulting credit in the books will be excluded from the break-even calculations, so the club will not benefit from this, at least in terms of Financial Fair Play
How would it not be pure profit? Unless you are counting the wages paid to them and money invested into the academy against the transfer fee? From an accounting perspective, a player signed for £0 (developed in the academy) and sold £30m is £30m profit
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