Financial Fair Play / Profit & Sustainability - New APT Rules Approved by Premier League

[Conjo]

Is it naive to assume people see this as a last chance to get incredible world wide exposure for their new betting companies before the door shuts on gambling companies as sponsors end of 25/26 season?

 

I don't really get whats in it for them besides that, unless they are shell companies of their owners who wants to pump money into their clubs and at the same time improve their FFP-limit.

[huss9]

10 minutes ago, Conjo said:

Is it naive to assume people see this as a last chance to get incredible world wide exposure for their new betting companies before the door shuts on gambling companies as sponsors end of 25/26 season?

 

I don't really get whats in it for them besides that, unless they are shell companies of their owners who wants to pump money into their clubs and at the same time improve their FFP-limit.

the second bit.

[Dr Jinx]

It’s always useful to do a bit of digging on who’s putting up the money for a venture like that. Couple of dodgy websites which they seem more than happy to change, take offline etc.. 

 

In this case.. the money trail leads to Risq Capital who seem to want to legitimise their trading platform to take a slice of the Asian gambling pie.

 

One of their two directors is Irish, John Nagle who has had most of his assets seized by the banks over the last 10 years. His background is technology platforms and he was boss of a platform called Payzone

 

From looking over it, doesn’t seem like an illegal gambling website but more of a scheme to look legit so that people get duped into using his platform. If one were to really dig into this, would be interesting to see the links between this Nagle chap and Steve Parish.

 

The fall and rise of Reginald Perrin comes to mind.

 

https://www.irishtimes.com/news/crime-and-law/courts/circuit-court/former-home-of-ex-payzone-chief-john-nagle-repossessed-1.3154012

[Gawalls]

Genuine question as I’m not an expert on these things - how to fuck can Chelsea still have money to spend, they’ve spent around £800m since 2022 and now it seems are going to spend another £60m on Olise.

[Nucasol]

Just now, Gawalls said:

Genuine question as I’m not an expert on these things - how to fuck can Chelsea still have money to spend, they’ve spent around £800m since 2022 and now it seems are going to spend another £60m on Olise.

Selling hotels and homegrown talent. They’ll be tight but think of who has gone out the door in that time - we bought Hall for £30m and he’s just the tip of the iceberg.

[Groundhog63]

6 hours ago, Dr Jinx said:

It’s always useful to do a bit of digging on who’s putting up the money for a venture like that. Couple of dodgy websites which they seem more than happy to change, take offline etc.. 

 

In this case.. the money trail leads to Risq Capital who seem to want to legitimise their trading platform to take a slice of the Asian gambling pie.

 

One of their two directors is Irish, John Nagle who has had most of his assets seized by the banks over the last 10 years. His background is technology platforms and he was boss of a platform called Payzone

 

From looking over it, doesn’t seem like an illegal gambling website but more of a scheme to look legit so that people get duped into using his platform. If one were to really dig into this, would be interesting to see the links between this Nagle chap and Steve Parish.

 

The fall and rise of Reginald Perrin comes to mind.

 

https://www.irishtimes.com/news/crime-and-law/courts/circuit-court/former-home-of-ex-payzone-chief-john-nagle-repossessed-1.3154012

 

Wild that 😂

 

"8 doors flew off their hinges" 

[Gawalls]

1 minute ago, Nucasol said:

Selling hotels and homegrown talent. They’ll be tight but think of who has gone out the door in that time - we bought Hall for £30m and he’s just the tip of the iceberg.

Still think it’ll bite them in the arse one day - they must also have a load of players on 8 year deals (7 left now) and in order for that to work surely you need them to be consistently good and highly valued. Seems like a house of cards to me.

[r0cafella]

Just now, Gawalls said:

Still think it’ll bite them in the arse one day - they must also have a load of players on 8 year deals (7 left now) and in order for that to work surely you need them to be consistently good and highly valued. Seems like a house of cards to me.

If the backers are in it for the long term it won’t bite them, they can afford these contracts no issue. The contracts dished out in baseball are much larger for example and if I’m not wrong Boehly has been on a spending spree with the dodgers too.

[Groundhog63]

1 minute ago, Gawalls said:

Still think it’ll bite them in the arse one day - they must also have a load of players on 8 year deals (7 left now) and in order for that to work surely you need them to be consistently good and highly valued. Seems like a house of cards to me.

 

Luckily they have American owners and with their compatriots at the red tops will be certain that before those 8 years are up they'll all be in an ESL spiralling into a WSL. 

Of course the teams will now be franchises and some will be relocated. 

[Stifler]

1 hour ago, Groundhog63 said:

 

Luckily they have American owners and with their compatriots at the red tops will be certain that before those 8 years are up they'll all be in an ESL spiralling into a WSL. 

Of course the teams will now be franchises and some will be relocated. 

We’ll see an ESL, with possibly games in the USA or something, but no team will permanently relocate. Although Chelsea is a difficult one really, because their stadium isn’t ideal for expanding, and if they leave it, then also have to drop the Chelsea name, so you might be right on that one.

[Guest]

Everton getting 20m a year from Castore 

 

We got such a shit end of that stick

[Turnbull2000]

3 minutes ago, Jack27 said:

Everton getting 20m a year from Castore 

 

We got such a shit end of that stick

 

How the fuck they bagged that? Doesn't sound like Fair Market Value. Makes our Addidas deal feel somewhat mediocre as well.

[Fezzle]

2 hours ago, Nucasol said:

Selling hotels and homegrown talent. They’ll be tight but think of who has gone out the door in that time - we bought Hall for £30m and he’s just the tip of the iceberg.

We havent bought him til 1 July so in a new year

[Nucasol]

1 hour ago, Stifler said:

We’ll see an ESL, with possibly games in the USA or something, but no team will permanently relocate. Although Chelsea is a difficult one really, because their stadium isn’t ideal for expanding, and if they leave it, then also have to drop the Chelsea name, so you might be right on that one.

The Chelsea (PSR) Dodgers

[Terraloon]

6 hours ago, Gawalls said:

Still think it’ll bite them in the arse one day - they must also have a load of players on 8 year deals (7 left now) and in order for that to work surely you need them to be consistently good and highly valued. Seems like a house of cards to me.

From the 23/24 squad we have 3 players who have seven years left: Caicedo, Mudryk & Jackson and 1 with 8 years Fernandez.

 

There are 9 with 6 years , 5 with 5 years, 7 with 4 years and 2 with 3 years left.

 

its likely that circa £38 million will come off the sum being amortised in 24/25. Lukaku £20 million, Kepa £10 million and Zieych £8 million. If and a big if Olise  and the £60 million fee is correct would add around £12 million. I know it’s not as simple at this but saving say £38 million and adding £12 million is beneficial to the tune of £26 million 

4 hours ago, Stifler said:

We’ll see an ESL, with possibly games in the USA or something, but no team will permanently relocate. Although Chelsea is a difficult one really, because their stadium isn’t ideal for expanding, and if they leave it, then also have to drop the Chelsea name, so you might be right on that one.

It isn’t ideal as you say the problem is that everyone leaving the ground ends up on Fulham Road. 
 

Blue Co who are the ultimate owners besides buying to hotels have also bought a site that is next to the ground ( cost £80 million ) previously belonging to a charity (Oswald Stoll) the residents who lived here are moving to a brand new development close by and where their homes will be modern as opposed to the current site which is in a sad state of repair 

 

What this will facilitate is access directly to the  the tube station Fulham Broadway enabling those intending to use the tube estimated to be around 40% to walk directly to the tube without needing to walk along Fulham Road. 
 

Its not correct to say that if CFC move from Stamford Bridge, which is still a possibility, if the pitch owners don’t agree with the move then yes the name would have to change . 

As things stand there are. options1) To have a complete rebuild on the current site2) Recevlop on a stand by stand basis or  3) To move to a new site ( Earls Court keeps getting mentioned ) 

 

 Back to players contracts . For me as big a problem comes when players are entering the last year of their deals. We have two Gallagher and Sarr. Sarr not so much but in the case of Gallagher letting players get into the last year of a deal creates huge issues. It’s worth noting that NUFC have 10 players (11 if you include Fraser) who were in your squad last season and are about to enter the last year of their deals that’s 

 

 

Edited June 14 by Terraloon

[GeordieDazzler]

4 hours ago, Turnbull2000 said:

 

How the fuck they bagged that? Doesn't sound like Fair Market Value. Makes our Addidas deal feel somewhat mediocre as well.

Probably because Castore has lost like four of their most high profile clubs and couldn’t afford to lose another one? 

[andycap]

The Premier league should be looking into that mind fair market value would be what we were getting. They're bottom of the table dross. 

[Gaztoon]

1 hour ago, GeordieDazzler said:

Probably because Castore has lost like four of their most high profile clubs and couldn’t afford to lose another one? 

 

Everton was with hummel last year I thought 🤔

[duo]

5 hours ago, Jack27 said:

Everton getting 20m a year from Castore 

 

We got such a shit end of that stick

What did we get? £5mil?

[Mag3.14]

8 minutes ago, andycap said:

The Premier league should be looking into that mind fair market value would be what we were getting. They're bottom of the table dross. 

Dont think its an APT, even under the new vague & wide ranging rules introduced in feb, so FMV doesn't apply  

[TheBrownBottle]

19 hours ago, Gawalls said:

Genuine question as I’m not an expert on these things - how to fuck can Chelsea still have money to spend, they’ve spent around £800m since 2022 and now it seems are going to spend another £60m on Olise.

They’ve also got a turnover which is double the size of ours, even when they’ve underperformed on the pitch.  That gives a lot of headroom. 

[GeordieT]

Very detailed and concerning analysis of PSR today in Swiss Rambles blog, even assuming for a £50m increase in our revenue from £250m to £300m, he is forecasting a £63m operating loss, compared to the required £2m profit to hit PSR, so £65m needs to be generated from player sales.

 

However, that £65m includes the sale of ASM. So perhaps as much as £40m gap.

 

Plenty of assumptions in play of course.

 

 

 

 

Edited June 17 by GeordieT

[The College Dropout]

We don't seem desperate to sell for this financial period though.

[Keegans Export]

It's difficult to provide any accuracy because you're having to estimate so much.

 

Clubs don't publish their FFP calculations so you just have to put together a best guess based on what is published, so even that "£2m profit required to meet PSR" could be out by a fair margin. Then the 23/24 period you don't even have that.

 

Does he have our domestic match-day income going down from 165.5 to 157.8 by the way or have I misread that?

[mattypnufc]

Just now, Keegans Export said:

It's difficult to provide any accuracy because you're having to estimate so much.

 

Clubs don't publish their FFP calculations so you just have to put together a best guess based on what is published, so even that "£2m profit required to meet PSR" could be out by a fair margin. Then the 23/24 period you don't even have that.

 

Does he have our domestic match-day income going down from 165.5 to 157.8 by the way or have I misread that?

Match day revenue decreasing with inflated individual match day ticket price, and CL match day revenue.