duo Posted May 24, 2022 Share Posted May 24, 2022 1 hour ago, Miggys First Goal said: Amazing how quickly this got done. Absolute corruption. FFP just seems to have been forgotten - the amount he's just supposedly written off - £1.5B. Link to post Share on other sites More sharing options...
Manxst Posted May 24, 2022 Share Posted May 24, 2022 1 minute ago, LV said: Whatever the answer is, it all seems bloody confusing! Yeah- my head is shredded to be honest. I don’t understand the writing off of £1.5bn, how that is fair to the other clubs in the league if there’s no penalty, how a buyer has to guarantee to invest a set amount on the stadium etc, and whether that’s included in the selling price or not. I’m sure someone here knows and understands, but it’s not me! Link to post Share on other sites More sharing options...
Anderson Posted May 24, 2022 Share Posted May 24, 2022 Just now, duo said: FFP just seems to have been forgotten - the amount he's just supposedly written off - £1.5B. Again, would have no impact on FFP anyway. Link to post Share on other sites More sharing options...
Jackie Broon Posted May 24, 2022 Share Posted May 24, 2022 23 minutes ago, Toon No9 said: How could Chelsea be worth £4,2B and Newcastle £300M? Who makes theese valuations? They're paying for membership of the big 6 cartel. FFP is set up to prevent other clubs from catching up with the big 6 which inflates the value of those clubs and depresses the value of the others. Link to post Share on other sites More sharing options...
leffe186 Posted May 24, 2022 Share Posted May 24, 2022 1 hour ago, Jackie Broon said: They're paying for membership of the big 6 cartel. FFP is set up to prevent other clubs from catching up with the big 6 which inflates the value of those clubs and depresses the value of the others. Lest we forget, Spurs managed to break into that “Big 6” while staying within both the spirit and the reality of FFP. Link to post Share on other sites More sharing options...
manorpark Posted May 24, 2022 Share Posted May 24, 2022 2 hours ago, Jackie Broon said: FFP is set up to prevent other clubs from catching up with the big 6 which inflates the value of those clubs and depresses the value of the others. Trust our owners, they K N O W what they are doing, and their intention is to - as soon as possible - re-name those Big Six as "Numbers 2 to 7." Link to post Share on other sites More sharing options...
Guest Posted May 24, 2022 Share Posted May 24, 2022 (edited) Aye ENIC had nothing to do with it. Edited May 24, 2022 by OCK Link to post Share on other sites More sharing options...
Tiresias Posted May 24, 2022 Share Posted May 24, 2022 Big six is a load of bollocks, you have two very rich and more importantly very well run clubs who are absolutely miles ahead of the other 4. Chelsea only ones close and they've been miles off for a while now too. The others have very little to show for their investment but get enough to pull up drawbridge somewhat on clubs below. The main thing it serves is a marketing tool for the league to pretend it's not a two horse race and has been for years. Link to post Share on other sites More sharing options...
leffe186 Posted May 24, 2022 Share Posted May 24, 2022 12 minutes ago, OCK said: Aye ENIC had nothing to do with it. What’s your point though? There’s a clear argument that FFP was encouraged by top clubs to prevent another team breaking into their little cabal by doing what Chelsea and Man City did and having some rando throw money at them. That’s not what ENIC did and that was my point. Link to post Share on other sites More sharing options...
et tu brute Posted May 24, 2022 Share Posted May 24, 2022 (edited) Still say an anti-competition submission would have a field day in the courts. Still think this maybe something that rears its head in the future. Edited May 24, 2022 by et tu brute Link to post Share on other sites More sharing options...
Guest Posted May 24, 2022 Share Posted May 24, 2022 (edited) £700m in debt but ENIC invests £150m transfers, don't act like you've spent within your means. Or it could be even more than that with transfer and tax debt. Edited May 24, 2022 by OCK Link to post Share on other sites More sharing options...
leffe186 Posted May 24, 2022 Share Posted May 24, 2022 8 minutes ago, Tiresias said: Big six is a load of bollocks, you have two very rich and more importantly very well run clubs who are absolutely miles ahead of the other 4. Chelsea only ones close and they've been miles off for a while now too. The others have very little to show for their investment but get enough to pull up drawbridge somewhat on clubs below. The main thing it serves is a marketing tool for the league to pretend it's not a two horse race and has been for years. Only four years though. And Man U were second last year (somehow). Presumably people talk about a big six because for a decade or morethe same six teams have nearly monopolized the top six places. And in doing so they’ve “generated” significantly more revenue than other clubs. It’s definitely a big two right now. It was Jackie Broon who cited the Big Six cartel and he was using it in the context of FFP which started more than a decade ago. Link to post Share on other sites More sharing options...
madras Posted May 24, 2022 Share Posted May 24, 2022 1 minute ago, leffe186 said: Only four years though. And Man U were second last year (somehow). Presumably people talk about a big six because for a decade or morethe same six teams have nearly monopolized the top six places. And in doing so they’ve “generated” significantly more revenue than other clubs. It’s definitely a big two right now. It was Jackie Broon who cited the Big Six cartel and he was using it in the context of FFP which started more than a decade ago. Big 2 plus 4 ? Link to post Share on other sites More sharing options...
leffe186 Posted May 24, 2022 Share Posted May 24, 2022 7 minutes ago, OCK said: £700m in debt but ENIC invests £150m transfers, don't act like you've spent within your means. Or it could be even more than that with transfer and tax debt. Spurs only posted pre-tax losses in the last couple of years due to the pandemic, like almost everybody. They were profitable for the seven years before that (and most of the preceding decade as well. The debt is entirely because of the stadium. It’s not related to profit/loss over the years before and after FFP came to being. Link to post Share on other sites More sharing options...
Jackie Broon Posted May 24, 2022 Share Posted May 24, 2022 (edited) 35 minutes ago, Tiresias said: Big six is a load of bollocks, you have two very rich and more importantly very well run clubs who are absolutely miles ahead of the other 4. Chelsea only ones close and they've been miles off for a while now too. The others have very little to show for their investment but get enough to pull up drawbridge somewhat on clubs below. The main thing it serves is a marketing tool for the league to pretend it's not a two horse race and has been for years. 80% of sponsorship income for the entire PL is with the big 6. There's an absolutely massive drop-off in revenue between the big 6 and everyone else. For FFP revenue is everything, a club like Everton might have an owner who wants to throw money at them but without the revenue he can't and without the consistent success they can't make that step up in revenue, catch 22. Edited May 24, 2022 by Jackie Broon Link to post Share on other sites More sharing options...
Jackie Broon Posted May 24, 2022 Share Posted May 24, 2022 (edited) 1 hour ago, leffe186 said: Lest we forget, Spurs managed to break into that “Big 6” while staying within both the spirit and the reality of FFP. Spurs bridged the gap when it was still bridgeable, but it isn't any more... for anyone but a state like Saudi Arabia. Edited May 24, 2022 by Jackie Broon Link to post Share on other sites More sharing options...
leffe186 Posted May 24, 2022 Share Posted May 24, 2022 5 minutes ago, Jackie Broon said: Spurs bridged the gap when it was still bridgeable, but it isn't any more... for anyone but a state like Saudi Arabia. Yeah maybe. It does feel a bit more bridgeable with so much TV money going to Premier League clubs now. Plus at least you could guarantee at least two out of the six wouldn’t get CL money as well each year, although that might change in a year or two as well. Link to post Share on other sites More sharing options...
Jackie Broon Posted May 24, 2022 Share Posted May 24, 2022 Just now, leffe186 said: Yeah maybe. It does feel a bit more bridgeable with so much TV money going to Premier League clubs now. Plus at least you could guarantee at least two out of the six wouldn’t get CL money as well each year, although that might change in a year or two as well. Yes there are normally a couple of clubs that upset the applecart each season and a couple of the big 6 that underperform, but it's different clubs each season. There are no other clubs that have been able to consistently do that and so get access to the stratospheric sponsorship income that the big six get. Link to post Share on other sites More sharing options...
leffe186 Posted May 24, 2022 Share Posted May 24, 2022 The big chance Newcastle have - apart from the access to money - is the stadium, crowd and catchment. Leicester are behind on all three, West Ham are closer in capacity at least. There’s a chance those nine start to separate from the rest. Link to post Share on other sites More sharing options...
Ben Posted May 25, 2022 Share Posted May 25, 2022 I think once the new sponsorship deals are sorted out and the other commercial income maximised we will have a healthy budget FFP is just a smokescreen anyway and it looks like under the new rules so long as you pay a few quid in "luxury tax" everything will be fine. Link to post Share on other sites More sharing options...
gazza ladra Posted May 25, 2022 Share Posted May 25, 2022 5 hours ago, leffe186 said: Presumably people talk about a big six because for a decade or morethe same six teams have nearly monopolized the top six places. And in doing so they’ve “generated” significantly more revenue than other clubs. Talk about the “Big Six” didn’t start until Man United fell out of the “Top Four”. If they start routinely finishing eigth, we’ll hear about be the “Gargantuan Eight” or somesuch. Link to post Share on other sites More sharing options...
Stifler Posted May 25, 2022 Share Posted May 25, 2022 36 minutes ago, Ben said: I think once the new sponsorship deals are sorted out and the other commercial income maximised we will have a healthy budget FFP is just a smokescreen anyway and it looks like under the new rules so long as you pay a few quid in "luxury tax" everything will be fine. The new rules are UEFA rules though, the Premier League will have their own set and with those working for the Top 6 in preventing us from reaching them, and the other clubs not wanting us to leave them behind, I can’t see any sort of drive to follow a similar path. Link to post Share on other sites More sharing options...
Ben Posted May 25, 2022 Share Posted May 25, 2022 8 minutes ago, Stifler said: The new rules are UEFA rules though, the Premier League will have their own set and with those working for the Top 6 in preventing us from reaching them, and the other clubs not wanting us to leave them behind, I can’t see any sort of drive to follow a similar path. Has anyone ever recieved a punishment ? Everton must be due one. Link to post Share on other sites More sharing options...
Gaztoon Posted May 25, 2022 Share Posted May 25, 2022 Jeez, If Chelsea is worth 4.5bn. Then Man utd,Liverpool is worth 10bn. Link to post Share on other sites More sharing options...
Manxst Posted May 25, 2022 Share Posted May 25, 2022 Government have signed the deal off now, so it’s done. Confirming the terms of the deal, Chelsea said in a statement: "Of the total investment being made, £2.5bn will be applied to purchase the shares in the club, and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. In addition the proposed new owners will commit £1.75bn in further investment for the benefit of the club. "This includes investments in Stamford Bridge, the academy, the women's team and Kingsmeadow and continued funding for the Chelsea Foundation.“ so the actual sale is ‘only’ £2.5bn? Or as per the media, £4.25bn (once the guaranteed investment is included)? Link to post Share on other sites More sharing options...
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