If you're talking about me, i never said running expenses are discounted. What i actually said was exceptional costs would be disregarded. These are the exceptional costs from last year taken from swiss ramble. (a) £28 million – £15 million termination payments for Ancelotti + 13 million compensation for AVB - This could see the norm for chelsea, but UEFA views this as a one off. (b) £7.4 million – impairment of player registrations; (c) £6.4 million – payments to HMRC to settle the industry wide investigation into taxation of image rights.
Chelsea hope exceptionals will be disregarded for Monitoring Period 1. Wages and transfers before 2010 will be written off for MP1, mP2 and MP3 too if you arE seen as trying to reduce running costs, eg chelsea got high earners ballack cole carvalho and co off the wage bill. For exmple this means Chelsea's £67m loss for 10/11 would have been a profit of £3m as 70m would have been written off as pre2010 deals. 11/12 Chelsea have more CL money and have reduced their wage bill too
