huss9 Posted March 31 Share Posted March 31 so how did the sale of the chelsea womens team actully work? Link to post Share on other sites More sharing options...
High Five o Posted March 31 Share Posted March 31 32 minutes ago, Terraloon said: The PL clubs had the opportunity to change the rules around sell of assets but they didn’t vote for a change. Not sure that cheated is the right word it’s more akin to manipulation of the crazy regulations We as yet haven’t seen the full breakdown but one thing for sure is that SLBN who is the supposed expert on club finance ( he really isn’t) has his tail between his legs because he simply isn’t close to being in the know and his projecting Chelsea making a £200 million loss are clearly way off it seems that if you ignore sums generated from inter company sale then the 23/24 numbers show circa a £70 million loss as opposed to a 22/23 loss of £180 million so clearly there are far more elements to factor in rather than just the headlines. For instance has amortisation alongside the wage bill reduced ? Sorry, but none of that makes any sense. I am not familiar with your game, are you defending Chelsea. I kind of respect them giving the middle finger to everyone, but it does not sit right with and highlight how fucked the rules are. Link to post Share on other sites More sharing options...
Hudson Posted March 31 Share Posted March 31 13 minutes ago, Optimistic Nut said: https://www.teamwass.com/news/wasserman-acquires-international-football-management/ Wasn't sure where to put this, so this is where Charnley ended up. Lee Charnley said of the acquisition, “Over the past 20 years, the IFM team has built the number one football player agency in Switzerland. It’s a business founded on honesty, trust and respect Lee Charnley, Switzerland, Agents and Honesty should never be in the same sentence. Link to post Share on other sites More sharing options...
TheBrownBottle Posted March 31 Share Posted March 31 1 hour ago, Terraloon said: The PL clubs had the opportunity to change the rules around sell of assets but they didn’t vote for a change. Not sure that cheated is the right word it’s more akin to manipulation of the crazy regulations We as yet haven’t seen the full breakdown but one thing for sure is that SLBN who is the supposed expert on club finance ( he really isn’t) has his tail between his legs because he simply isn’t close to being in the know and his projecting Chelsea making a £200 million loss are clearly way off it seems that if you ignore sums generated from inter company sale then the 23/24 numbers show circa a £70 million loss as opposed to a 22/23 loss of £180 million so clearly there are far more elements to factor in rather than just the headlines. For instance has amortisation alongside the wage bill reduced ? You don't think it is odd in the slightest that the cost of the women's team isn't counted for FFP, yet the inflated sale of the women's team is? Link to post Share on other sites More sharing options...
Jackie Broon Posted March 31 Share Posted March 31 1 hour ago, Terraloon said: The PL clubs had the opportunity to change the rules around sell of assets but they didn’t vote for a change. Not sure that cheated is the right word it’s more akin to manipulation of the crazy regulations We as yet haven’t seen the full breakdown but one thing for sure is that SLBN who is the supposed expert on club finance ( he really isn’t) has his tail between his legs because he simply isn’t close to being in the know and his projecting Chelsea making a £200 million loss are clearly way off it seems that if you ignore sums generated from inter company sale then the 23/24 numbers show circa a £70 million loss as opposed to a 22/23 loss of £180 million so clearly there are far more elements to factor in rather than just the headlines. For instance has amortisation alongside the wage bill reduced ? It's more the issue of the PL not enforcing the rules in a fair and balanced way that's an issue. They are able to sell assets to other companies they own, fine, as you say, the rules allow that. But, the sale was clearly miles above fair market value, the rules if properly enforced can prevent that. The same goes for the management contract that allegedly lets them keep getting the profits from the hotel they sold. The PL seems to use the fair market value rules to restrict us, reducing the value of the Sela deal and possibly ASM's sale and who knows what else, yet just lets Chelsea get away with deals that patently aren't at fair market value. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted March 31 Share Posted March 31 (edited) 1 hour ago, huss9 said: so how did the sale of the chelsea womens team actully work? Think basically they just set up a new company and sold the women's team from the current company to it. TBH it's worse than any normal associated party transaction because the company is literally owned by the same people as Chelsea and has been created purely for the purposes of this accounting trick. Edited March 31 by AyeDubbleYoo Link to post Share on other sites More sharing options...
kingxlnc Posted March 31 Share Posted March 31 7 minutes ago, AyeDubbleYoo said: Think basically they just set up a new company and sold the women's team from the current company to it. Beyond a joke if so Forget white privilege, this is blue privilege Link to post Share on other sites More sharing options...
duo Posted March 31 Share Posted March 31 2 hours ago, huss9 said: so how did the sale of the chelsea womens team actully work? Todds left hand passing a wad of cash to Todds right hand. Link to post Share on other sites More sharing options...
FloydianMag Posted April 1 Share Posted April 1 8 hours ago, Jackie Broon said: It's more the issue of the PL not enforcing the rules in a fair and balanced way that's an issue. They are able to sell assets to other companies they own, fine, as you say, the rules allow that. But, the sale was clearly miles above fair market value, the rules if properly enforced can prevent that. The same goes for the management contract that allegedly lets them keep getting the profits from the hotel they sold. The PL seems to use the fair market value rules to restrict us, reducing the value of the Sela deal and possibly ASM's sale and who knows what else, yet just lets Chelsea get away with deals that patently aren't at fair market value. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted April 1 Share Posted April 1 (edited) They voted against banning the transactions but there’s still the fair market value bollocks. Edited April 1 by AyeDubbleYoo Link to post Share on other sites More sharing options...
FloydianMag Posted April 1 Share Posted April 1 17 minutes ago, AyeDubbleYoo said: They voted against banning the transactions but there’s still the fair market value bollocks. Given that this is a first for a PL club what would you measure FMV against? Link to post Share on other sites More sharing options...
Jackie Broon Posted April 1 Share Posted April 1 25 minutes ago, FloydianMag said: I don't think that means such transactions are excluded from the fair market value rules. Any transaction with associated parties or over £1m has to be assessed for fair market value. Link to post Share on other sites More sharing options...
Keegans Export Posted April 1 Share Posted April 1 15 minutes ago, FloydianMag said: Given that this is a first for a PL club what would you measure FMV against? There is a plethora of evidence - clubs are bought and sold quite regularly. Likewise hotels etc. I have nothing to contribute other than that, but the data will be out there. Maybe they paid the going rate, maybe they didn't, but there will be plenty of examples to use to fix a rough estimate of FMV. Link to post Share on other sites More sharing options...
Jackie Broon Posted April 1 Share Posted April 1 16 minutes ago, FloydianMag said: Given that this is a first for a PL club what would you measure FMV against? Value of assets and multiples of profit or turnover like any other buisiness would be. In terms of assets the world record fee for a womens team player is 900k and I don't and 20x turnover is a crazy value. Link to post Share on other sites More sharing options...
Boey_Jarton Posted April 1 Share Posted April 1 (edited) Demonstrating FMV for an asset like a women's football team, where the market is relatively small but growing rapidly, is very tricky. There is no right answer. It is also easily manipulated. Chelsea accountants can play around with the future growth assumption and terminal value and it will magnify the valuation significantly. PL have got themselves into this mess by turning football into a bookkeeping game. Bookkeeping involves judgement which can be manipulated. There will always be loopholes and as soon as one is closed another will open. Chelsea are just playing the game that the EPL created. Edited April 1 by Boey_Jarton Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted April 1 Share Posted April 1 44 minutes ago, FloydianMag said: Given that this is a first for a PL club what would you measure FMV against? I guess you try and assess the true value of the women’s team. Link to post Share on other sites More sharing options...
The College Dropout Posted April 2 Share Posted April 2 Barcelona cooking their numbers it seems. They’ve managed to defend it through audits but it’s too coincidental to be genuine. truth be told - I want us to push the envelope. We are like 4 purples away from winning the champions league. Link to post Share on other sites More sharing options...
janpawel Posted April 2 Share Posted April 2 24 minutes ago, The College Dropout said: Barcelona cooking their numbers it seems. They’ve managed to defend it through audits but it’s too coincidental to be genuine. truth be told - I want us to push the envelope. We are like 4 purples away from winning the champions league. RW, RCB, CM and GK? Link to post Share on other sites More sharing options...
FloydianMag Posted April 2 Share Posted April 2 Comment at the end “looks like the Isak deal is off” 🤣🤣 Link to post Share on other sites More sharing options...
Jonas Posted April 2 Share Posted April 2 These rules though. How are they worth all of this synthetic bullshit Link to post Share on other sites More sharing options...
The College Dropout Posted April 2 Share Posted April 2 2 hours ago, janpawel said: RW, RCB, CM and GK? Yeh I think so. I kinda saw what we would look like when Dubs was in goal with Botman - Schar in defence.. a lot more footballing ability. Add that level of football with a pacey CB and a better GK. Then a RW that can contribute to build up. Those 3 and I think we are close to Arsenal level. Add another CM and we can play at full pelt for 90+ minutes. Obviously semi joking about the CL. But we are maybe 2 away from being a very very serious team. Link to post Share on other sites More sharing options...
Nucasol Posted April 2 Share Posted April 2 2 hours ago, The College Dropout said: Barcelona cooking their numbers it seems. They’ve managed to defend it through audits but it’s too coincidental to be genuine. truth be told - I want us to push the envelope. We are like 4 purples away from winning the champions league. Such a bunch of shitbags. Them and Madrid are equally loathsome for different reasons. Link to post Share on other sites More sharing options...
The College Dropout Posted April 2 Share Posted April 2 Don Flo runs Madrid well though. When he goes they need to build him a statue. Link to post Share on other sites More sharing options...
Nucasol Posted April 2 Share Posted April 2 Just now, The College Dropout said: Don Flo runs Madrid well though. When he goes they need to build him a statue. Knowing the narcissistic old fuck he’ll get himself encased in carbonite to reanimate him once they discover the key to eternal life. Vampiric twat. Link to post Share on other sites More sharing options...
El Prontonise Posted April 2 Share Posted April 2 Ancelotti been avoiding his taxes in Spain. Link to post Share on other sites More sharing options...
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