Abacus

Chelsea have said they had two independent quotes to show that the value of the hotel was fair. From what I read, that still needs to be approved (or at least did, when the accounts were submitted). It does slightly beg the question as to why they didn't just do that and sold it to their own owner instead, but hey, I'm no cynic. What I do find interesting is that these are an "ESL 6" club, and instead of it just being waived through, it's more and more clear that either the PL are wary of being challenged on how fair they are, or that there are divisions between them.

I suppose the thing is that we don't know what has been contested (if anything) and what hasn't. Or on what basis. They originally came up with some claptrap about building a database to show the FMV of everything. Since that obviously has so many flaws in it's commercial application, they then backtracked on that and asked clubs to prove it themselves, thus showing that they don't know what they're doing. Saying all that, I do think we're all a bit in the dark about whether or to what extent FMV is limiting us. We can suspect we'd have some shiny new sponsorships by now, I do personally, but we don't actually know.

It's quite a funny response though. She's basically responded (correctly) that he's gone back on what he'd previously agreed and just come out with a load of waffle, so to be specific as to what he's actually talking about, in detail. I think Masters is playing politics at quite a junior level here. It would also be interesting to see what level of consensus he has from all clubs for whatever he comes up with, and therefore what his mandate is for any response.

I don't actually have a problem with the hotel sale thing, more a problem with the rules and how they are being applied in the first place. So, as long as it's a fair market value, because that's the dance we all have to dance for now at least, there's nothing really wrong with it. It was the club's, it was sold, so what. In your examples, I didn't fully follow the issue with Arsenal building their stadium (they did suffer a bit for that with spending for a few years), or that they then refinanced their loans at better rates, so apologies if I'm being thick there. In your shoes, from the outside the thing I'd be slightly more worried about would be selling off long term infrastructure designed to make income for the club to pay for shorter term player trading, if indeed that's what it was for. But my first thought was to wonder about what that means for the "sustainability" part of the argument for those rules to exist in the first place if you're selling long term stuff to buy short term stuff like players. Maybe it's worth it and will prove to be so. Don't know myself, genuinely, just asking your opinion. NB, maybe that's all moot if the stadium redevelopment promised at the takeover goes ahead and the hotel was just surplus to what the club needs (not a trick, asking as without looking into it you'll know better than me on all this).

Player of the season for me. He's made a right mug of us

Well exactly. And IF they went bust (doubt it personally), the FFP rules or how they are being policed will have done absolutely jack shit to stop it happening beforehand anyway.

I think 777 needed to put up £150m by today. Not sure what money they've actually got. Bit of a weird decision to go with only their bid in the first place.

The difference being that despite that 36% growth our revenue will continue to be a fraction of yours and those other clubs, so we have less room to make mistakes and no chance of growing it globally without sustained success. Which we then won't have without being able to invest and ... around and around we go. I'm not even again financial controls - I am against something which locks in the status quo. Saying that, I'm equally against something that builds in permanent dominance for one club including ours, though you've probably noticed that's exactly where we are now.

It's interesting that we don't much talk about the Reubens. There has been some debate about what PIF's intentions are re Newcastle - a sustainable investment or a PR exercise, or some mix of the two. You'd guess that for the Reubens it's more an investment. Maybe mixed with some element of interest in property redevelopment with the land and St James's etc.

Post match interview sounded like the commentators were trying to sell him, or work out why he does what he does when I reckon it's just instinctive. They can all feck off, he's ours

This is the whole problem. Even if it wasn't deliberate some people will wonder

Here's how to myself look stupid - don't rate Haaland at the moment. Stick Isak in this same City team instead and he'd be having a field day.

You're going to relegated to watching the mackems if you carry on like this

Having read the article, which is self serving drivel and has the cheek to talk about the need to maintain "competitive balance", I couldn't agree more every bit of criticism that comes Masters way. He is the problem, which is exactly what the most recommended comment on there says. Keep politics out of the game? It's already in it, as he well knows. I'm also not sure about a government regulator, but I do think a bit of light into the backroom politics of the PL, however that is done, is the only way.

It was rumoured by one journalist, with the fines being described as a "luxury tax". Other journalists have since come out to say there probably will still be points deductions. It may be that these were all options being discussed, but the short of it is that while the rules are likely to change, it doesn't sound like anyone is sure what to.

I'm sure they'll be watching their own game - that's proper football. Pringles for goalposts and all that.

Aye, to be fair, you're snookered at the minute in defence. Can only see tomorrow's game going one way, the Chelsea game was madness. It's also madness that I'd probably want to hang to Dummet right now and not take that deal

Deal, Sir Ratcliffe

We should get Chris Tarrant on VAR to stroke his chin and take his time deciding if it's a goal or not. Thought that was a soft VAR decision, not the clear and obvious it was supposed to be. That said, I'd have taken it the other way round

Yes, it's looking more like it's being reported differently and maybe the original article was what some clubs were expecting/ hoping rather than what's been agreed. We'll see, including how this is linked to the anchoring proposals - i.e. a fixed limit on salaries compared to the bottom clubs, which has problems of it's own. A clearer explanation of the rules and exact penalties, maybe a lifting of the £105m loss limit wouldn't be the end of the world IF there's a loosening of the related parties rules. The main problem I can see is that a fixed set of points penalties could equally lead to gaming of the system. Happy to take a 4 point penalty to allow an overspend? Then how many clubs would take that option deliberately, and how much of the league table would be dotted with an asterisk?

I take it back, Froggy watch back on. What a game, though

Think he'll be fine

Those are my thoughts, there's so much more to be done with international branding and marketing etc that we've neglected. But you still need a USP, which is a unique stadium which still has an atmosphere in a pretty unique city, rather than creating a corporate megadome a mile or two away, which could in the long run become a white elephant unless you move all the hedge funds, banking and international travel from London here too. Can see it now; a remake of cash converters and a full takeover of the airport. And we'll claim to have invented Shakespeare too.

I thought match day revenue included the price of tickets, pints, corporate boxes etc. Could be wrong, though. Commercial income would include sponsorships (which you could still do with a suitably rebuilt stadium), concerts (likewise), hotels and all the 50ps earnt from go-karting. A different stadium in the same city doesn't mean you have access to the same concerts, the same hotel traffic, the same business events as you do in London. I think it's a false argument to say you could match the income from the Spurs stadium here, but maybe that's for another thread