gbandit Posted April 13 Share Posted April 13 Surprised their revenue is so high. What does the borrowings bit mean? They took loans with interest to finance signings? £249m loss relates to the £115m total clubs can lose over three years? So they need to be +£134m in the other two years? Link to post Share on other sites More sharing options...
Keegans Export Posted April 13 Share Posted April 13 (edited) 20 minutes ago, Ben said: WTF Is that wages alone nearly 80% of revenue? Edit - those accounts are from the last season they were in the CL too Edited April 13 by Keegans Export Link to post Share on other sites More sharing options...
Jack27 Posted April 13 Share Posted April 13 https://x.com/slbsn/status/1779024766650679327?s=46 the club sold a hotel to the owner for 76m to avoid a PSR charge Link to post Share on other sites More sharing options...
Keegans Export Posted April 13 Share Posted April 13 17 minutes ago, Jack27 said: https://x.com/slbsn/status/1779024766650679327?s=46 the club sold a hotel to the owner for 76m to avoid a PSR charge Did someone say RELATED PARTY TRANSACTION?? Link to post Share on other sites More sharing options...
Jack27 Posted April 13 Share Posted April 13 Just now, Keegans Export said: Did someone say RELATED PARTY TRANSACTION?? Doesn’t count because it’s Chelsea Link to post Share on other sites More sharing options...
David Edgar Posted April 13 Share Posted April 13 Lads, let's sell some hotels. Link to post Share on other sites More sharing options...
Scoot Posted April 13 Share Posted April 13 1 hour ago, Jack27 said: https://x.com/slbsn/status/1779024766650679327?s=46 the club sold a hotel to the owner for 76m to avoid a PSR charge Let's sell the car park at St James for 100 million. Are there any bins around the ground? I'm sure we'll get a bit for them. Link to post Share on other sites More sharing options...
The College Dropout Posted April 13 Share Posted April 13 (edited) Chelsea were the last club to post accounts for a reason. It’s a mess. Edited April 13 by The College Dropout Link to post Share on other sites More sharing options...
Matt1892 Posted April 13 Share Posted April 13 Villa did the same didn’t they? As in sold their stadium to the owners. Link to post Share on other sites More sharing options...
Myleftboot Posted April 13 Share Posted April 13 1 hour ago, Jack27 said: https://x.com/slbsn/status/1779024766650679327?s=46 the club sold a hotel to the owner for 76m to avoid a PSR charge If that was us there’d be hell on. Link to post Share on other sites More sharing options...
TheBrownBottle Posted April 13 Share Posted April 13 2 hours ago, gbandit said: Surprised their revenue is so high. What does the borrowings bit mean? They took loans with interest to finance signings? £249m loss relates to the £115m total clubs can lose over three years? So they need to be +£134m in the other two years? Chelsea's income will continue to be high for the foreseeable, even if they remain mediocre on the pitch - the commercial revenues are effectively baked-in; long term deals, plus they've got a sizeable 'global fanbase' at this point. Plus the usual benefits of being in London. I reckon they'd need a decade of consistent mediocrity / failure - i.e. what Chelsea was for pretty much its entire history pre-Harding - to take a real knock on the income levels. Link to post Share on other sites More sharing options...
Whitley mag Posted April 13 Share Posted April 13 50 minutes ago, Myleftboot said: If that was us there’d be hell on. I guess they’ve deemed it fair market value though for a hotel in London, but yes there would be hell on. Link to post Share on other sites More sharing options...
Jack27 Posted April 13 Share Posted April 13 Time for us to start playing dirty. Link to post Share on other sites More sharing options...
Pokerprince2004 Posted April 13 Share Posted April 13 (edited) Chelsea met 22/23 PSR by selling a hotel (and a car park) to themselves for £98m. Absolutely disgusting they can get away with crap like that. Everton and Forests legal teans should be all over that Edited April 13 by Pokerprince2004 Link to post Share on other sites More sharing options...
The Prophet Posted April 13 Share Posted April 13 33 minutes ago, Pokerprince2004 said: Chelsea met 22/23 PSR by selling a hotel (and a car park) to themselves for £98m. Absolutely disgusting they can get away with crap like that. Everton and Forests legal teans should be all over that If they get away with it. Link to post Share on other sites More sharing options...
Fezzle Posted April 13 Share Posted April 13 18 hours ago, Bally21 said: I put this in the "general nufc" chat, but might be better placed in this chat: I notice that the season ticket renewal deadline is 20th May this year, rather than July as it was last year. Wonder if this may be related to FFP. Anyone renewing season ticket as a one off payment would be paying in May at the latest (as opposed to July last year), also for those spreading the cost it states first payment will be 5th June - it was 5th July last year. I think the FFP period ends sometime in June? Maybe they are trying to pull some of next seasons revenue into this FFP period? Smart move if so, but may create a revenue reduction in the next 3 year period. It's not took into account this year, will still go against next year although the bank will look better Link to post Share on other sites More sharing options...
Fezzle Posted April 13 Share Posted April 13 3 hours ago, Scoot said: Let's sell the car park at St James for 100 million. Are there any bins around the ground? I'm sure we'll get a bit for them. Got loads in the training ground from Ashley's era Link to post Share on other sites More sharing options...
TheBrownBottle Posted April 13 Share Posted April 13 15 minutes ago, The Prophet said: If they get away with it. They will as it doesn't breach the existing regs Link to post Share on other sites More sharing options...
Pixelphish Posted April 13 Share Posted April 13 Think it's more ridiculous clubs have to do things like that in the first place tbh. Link to post Share on other sites More sharing options...
Lush Vlad Posted April 13 Share Posted April 13 12 minutes ago, 54 said: Yeah, just seen this. No idea how it all works, not got the concentration or interest to find out. ADHD brain and I always hated maths but the thread below makes for some interesting reading, if accurate: Link to post Share on other sites More sharing options...
Ben Posted April 13 Share Posted April 13 I still think there should be a worldwide cap on player salaries, by the look of everyone's accounts wages have spiralled out of control, if the target is financial fair play then its obvious club owners can't run their clubs properly, put real measures in place so they can't overspend, everyone would be better off. Link to post Share on other sites More sharing options...
TheBrownBottle Posted April 13 Share Posted April 13 Just now, Ben said: I still think there should be a worldwide cap on player salaries, by the look of everyone's accounts wages have spiralled out of control, if the target is financial fair play then its obvious club owners can't run their clubs properly, put real measures in place so they can't overspend, everyone would be better off. The salaries and agent fees are a problem. Clubs are being brought in line with 70% outgoings to turnover; but you can bet your bottom dollar that the agents and players won’t pay the least bit attention to it. A worldwide cap is likely impossible - I could easily see it being challenged in most countries as restriction of trade. Link to post Share on other sites More sharing options...
gjohnson Posted April 13 Share Posted April 13 36 minutes ago, The Prophet said: If they get away with it. They will Link to post Share on other sites More sharing options...
Ben Posted April 13 Share Posted April 13 12 minutes ago, TheBrownBottle said: The salaries and agent fees are a problem. Clubs are being brought in line with 70% outgoings to turnover; but you can bet your bottom dollar that the agents and players won’t pay the least bit attention to it. A worldwide cap is likely impossible - I could easily see it being challenged in most countries as restriction of trade. If the clubs were really bothered by it they could self impose a cap (obviously they never will) Link to post Share on other sites More sharing options...
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