Chelsea's finances

[PSRB]

?355m loss....that's quite some going. Amazing what happens without the ownership of the Russian gangster

[Peter]

?355m loss....that's quite some going. Amazing what happens without the ownership of the Russian gangster

And how exactly is that ok??

Surely that makes them non compliant?

[PSRB]

And how exactly is that ok??

Surely that makes them non compliant?

Quite, love to see how they are going to get out of this mess.

[redgunamo]

Quite, love to see how they are going to get out of this mess.

I gather that even though your books may show you are functionally, factually even, bankrupt, so long as your owners are willing and able to demonstrate that you are not actually going to go bankrupt then you're OK.

At the end of the day, you don't really want to force rich people, and their inherent rich people financial shenanigans, out of the game.

Football, eh

[Peter]

I gather that even though your books may show you are functionally, factually even, bankrupt, so long as your owners are willing and able to demonstrate that you are not actually going to go bankrupt then you're OK.

At the end of the day, you don't really want to force rich people, and their inherent rich people financial shenanigans, out of the game.

Football, eh

I thought the whole point was that you had to stick to a maximum loss in terms of your actual accounts, excluding the deep pockets of your owners? Otherwise it is pointless.

[redgunamo]

I thought the whole point was that you had to stick to a maximum loss in terms of your actual accounts, excluding the deep pockets of your owners? Otherwise it is pointless.

That was the idea until Bosman, the Premier League and the revamped European Cup. The game became too attractive and rich and football clubs became too big to go bust, in any case, so the initial panic that led to FFP etc. quickly faded away. Football supporters and authorities alike began to see the positives in formerly "illicit" provisions of cash.

The Old Guard of the game's custodians were pushed aside and bought out by lots and lots of new money. Now, everybody wants to be owned by a nations' sovereign wealth-fund trust owner, an outfit of tech billionaires, natural resources monopoly magnates or, failing that, vertically-integrated sanction-busting arms dealerships, cocaine-smuggling firms and counterfeit pharmaceuticals-dealing syndicates. Far East gambling cartels. The Gambino Family.

For example, Manchester City may well lose their current legal disputes, nobody knows, but one thing seems certain; when the matter next goes to a vote they will be proven to have been visionary. Everybody wants to do what they have done and now no-one sees anything really wrong with it.

We simply don't care anymore; everybody just wants to win the European Cup

[7sisters]

sanction-busting arms dealerships, cocaine-smuggling firms

[Ganpati's Goonerz--AFC's Aboriginal Fertility Cult]

That was the idea until Bosman, the Premier League and the revamped European Cup. The game became too attractive and rich and football clubs became too big to go bust, in any case, so the initial panic that led to FFP etc. quickly faded away. Football supporters and authorities alike began to see the positives in formerly "illicit" provisions of cash.

The Old Guard of the game's custodians were pushed aside and bought out by lots and lots of new money. Now, everybody wants to be owned by a nations' sovereign wealth-fund trust owner, an outfit of tech billionaires, natural resources monopoly magnates or, failing that, vertically-integrated sanction-busting arms dealerships, cocaine-smuggling firms and counterfeit pharmaceuticals-dealing syndicates. Far East gambling cartels. The Gambino Family.

For example, Manchester City may well lose their current legal disputes, nobody knows, but one thing seems certain; when the matter next goes to a vote they will be proven to have been visionary. Everybody wants to do what they have done and now no-one sees anything really wrong with it.

We simply don't care anymore; everybody just wants to win the European Cup

It's the CL that destroyed European football. I remember when we first played Ajax - the mighty Ajax, first foreign club I ever heard of, winner of it 3 times - and I found that we got something like 5x as much tv money for that game as they did because more people watch in England than NL.

They ruined it. That Ajax win when Franny Rijkaard went back for a final season was the last hurrah. No team from a small league will ever win it again, not since Porto. But because they want to pretend it's European, they don't have the best 32 or 36 teams, we have teams from smaller leagues qualifying instead of the mid-table PL teams, for example, who are much better.

So you end up with leagues where one team makes the CL just to make up the numbers in the group stages, but the money they get from that, and the fact that only they can offer CL football in their league, means that they keep on winning it. So your Kairats and Carrierbags and before the war, Shaktar etc dominate their domestic leagues.

It's ruined football. Loads of small leagues become one horse races. The PL's the most exciting league on the planet cos the money is shared more evenly. Top PL team earns 9x more than the poorest. In Spain it's 36x. But it was much better when smaller clubs could win their domestic league and then Europe like Forest back in the day.