OK, but Chelsea finances....

['Neg]

http://www.bbc.co.uk/news/20270934

WTF?? How do you explain the following:

According to their statement Chelsea made "significant profits (£28.8m) ...in the transfer market".
However, there were a number of big-money signings during the year of the accounts - for example of Eden Hazard, for about £30m, Juan Mata (£23.5m) and Gary Cahill (£7m) - without any major sales of players.

(Neg thinks these purchases were not part of the 2011/12 financial results perhaps? Although shirley Cahill, Mata and Luis must be in there?)



The Stamford Bridge club's statement also said that debt of some £166.6m was turned into equity during the course of the year "making Chelsea FC plc debt free".

(Neg thinks they printed £160m worth of new shares, all bought by Abramovic?)

[Witharby 2-3 weeks]

Not really sure how the FFP will deal with it. If they have guarantees that the next 5 years costs are covered, be it via bonds, shares or even financial deals with the owners companies, then they are secure.

[Pokster]

so unless they were due money from previous sales... or the drug taker paid back the money Chelsea sued him for I can't see where they get that figure from.... wages aren't a part of it so Drogba leaving can't be included

[Billy Goat Sverige]

[Classic Jorge]

That'll take the heat off

[Brentwood]

accounting, will always be able to outwit whoever UEFA employ to lay down the rules

Just look at how Starbucks claim to make a loss in the UK so they don't have to pay corp tax

http://starbucks.co.uk/blog/starbucks-commitment-to-the-uk/1 240 (http://starbucks.co.uk/blog/starbucks-commitment-to-the-uk/1240)

[JUNGLEMAN]

[Brentwood]