Prestwich_Blue
Well-Known Member
Interesting that they're trying to prove that our owner is funding us outside of FFP rules yet Chelsea never get mentioned. Chelsea's model is different to ours in that RA put money in directly, as a loan, until FFP kicked in, when he converted his loan to equity. So, in theory, Chelsea didn't owe him that money any more. But he moved the debt to a holding company, controlled by his own companies, and that company appears to lend money to Chelsea.