They're OK as far as the amortisation is concerned.Spreading the cost over 5+ years was allowed when they did it, and if they didn't do it, they'd be in even bigger trouble now. They took a huge gamble, and unfortunately it seems they will just about get away with it.
Chelsea's defending against the dippers is criminal.
Hilarious, but criminal.
What's really amazing is that they weren't even playing that well. The bin dippers passed and moved reasonably well, but nothing special - Chelsea just opened up every time.If Liverpool had someone other than Nunez, that game would have been a bloodbath.
Chelsea needing to sell 100m of players by June is kinda delicious......I was told their ambitious plans were better than ours....seems not
That just to meet prem rules isn't it? They get into europe they'd also have uefas rules to contend with.
Yeh its a huge mess for them
I forgot.it's the euros in the summer. Which will make it even more difficult for them to offload players.
Yeh was watching SSN and the fella on there (name escapes me) saying they have a small window to get rid of players because of Euros
First game is on 15th of june. They usually meet up 2 weeks prior (couple of friendlies and that). The window opens june 1st. Small window for sure. Although they could probably outline deals/ do medicals before that, then register them.
But it's going to be a headache for them. Last prem game is on 19th may.
I see that Poch today has said they don't have a player who is good at taking set pieces.
How many billions spent and they don't have a professional footballer who can cross a dead ball?
Chelsea are a social experiment, they have to be!
Some interesting chat from over on SC...
They can't afford to sack him.
I have just spent the morning with a few footballing peeps including a couple of friends
One a very prominent agent and the other an ex financial director of a premier League club. The late breakfast chat was primarily focused on Chelsea on how much of a mess they are in.
Between them they believed Chelsea are somewhere close to £200 million in the red for this season as far as ffp is concerned. With no chance of fixing this in time for the 30th June deadline.
They have a two week gap from when the window opens to submitting their accounts for the season, and everyone knows they are in the mud. No one is going to even give them close to market value for the few players they can actually sell, and it will take a hg fire sale to get them back in line.
Wait it gets better.....
If they get no Europe next season, and with the way they've tried to use long term amortization with high wages to get round it it will leave them in a very similar situation next season as well. It was also brought up that Lukaku and the keeper(whose name escapes me) will also be returning in the Summer and their very high wages will be back on the books.
Sacking MP now will mean his contract still needs to be paid up, plus the wages of whomever else the bring in to replace him and that is far from financially viable.
They have 2 ways of getting out of this mess and both look extremely unlikely.
Firstly they start winning and somehow get into Europe, although only the CL and doing really well in that will help them for next season.
Secondly Everton win their appeal and the point deduction is reduced to a fine setting a precedent. It was however mentioned Everton are using the stadium build and COVID as their main defence of why they deserve special dispensation. Chelsea would need to find an excuse as to why they deserve similar allowances and that is just not going to happen.
TLDR........ Chelsea are fudged.
.....
Something else I forgot to say is Chelsea need the money in before the cut off point. Whereas if any buying club is genuinely interested at realistic fee's, unless they are way under the ffp limits as of right now, they will want to wait until after the cut off point so that the spend isn't factored onto this seasons books. Making it even more unlikely they will be able to sell enough to cover their loses in time.
....
Ah no, you see this is where it gets even better...... In nearly all cases they are stuck with them now at least for a few years. If they sell any of them it will be at a much reduced fee to what they paid for them. Meaning that their fees paid are no longer spread over their contracts. For example if they paid 100 mil for a player over 10 years they are only spending 10mil a year as far as ffp is concerned. If they sell that player for 60 mil the following window that's 40 mil straight out of their ffp wiggle room.