Doc spending actual cash and complying with FFP are two different things. If Chelsea pay £20m up front, they spend that as actual cash, but the FFP is still spread out over the length of the contract, so a 5 year contract is only a £4m deficit to FFP each year for them. If they pay £25m over a longer term , but still give a 5 year contract, then that equates to a £5m deficit towards FFP each year. Spreading the actual payments out is not an FFP exercise, its one of cash flow. Offering long term contracts is an FFP exercise, which is why UEFA brought in the rule that a players contract can only count for a maximum of 5 years for FFP purposes, after Chelsea started offering even longer term contracts last January to get around FFP
Exactly, lose 33 million this year and we have two years to balance the books. We go up and it doesn’t matter.
No mate Jacobs reported Chelsea might want to negotiate the structure and others jumped on with assumptions. One guy on Twitter replied to Jacobs tell Chelsea to pay the full amount up front or jog on, Jacobs replied "It depends. Maybe they will get more if Chelsea want different terms. I would expect clarity soon." The click bait sites then went into overdrive making up **** Simple math as well mate, even 10% interest is only £2m so this £4m-£5m is just being plucked out the air, nobody is going to agree a 25% interest rate
It’s a rolling three years so depends how much we lost over the previous two years. Maybe we’re up to our limit?
Ffp is about making a loss it is not how much a club can spend. The prem money and tons of other income will cover easily the stage payments on the ship jumper. Merchandise and sponsors will bring a chunk in too. Beer and drink/food prices are extortionate and the staff running them are kids on the cheap. Lets see how paddy marathe does with his next contracts for incoming players. He stated he could do them un his sleep so lets hope he wakes up and does the business. Two points were thrown away due to having no striker and playing gnonto there who looked lost.
My guess (and I stress its a guess), but if we paid £20m for Adams and gave him a 5 year contract (every report I've read says he has 4 years remaining), then that gives him a book value in terms of accounting of £16m, so anything received above that helps towards FFP. However as I said yesterday, that doesn't mean we can only buy a player for £4m and break even, it just means we can commit to spending £4m per year and we still break even. So buy a player for £20m, spread the cost over a 5 year contract (with regards to FFP, not actual payment), and we are covered for this year. Next year we obviously need to find the next tranche of £4m.
We might not even owe that much on Adams. Clauses work both ways and further payments might be less than we think.
Exactly Wakey, I was just using simple figures to make it easier to understand for those of us who are mathematically challenged
I am expecting another signing this week maybe two. Not sure on Hamer as he played for cov on sunday. I do not think these owners will pay top dollar taking Ampadu as a yardstick. But lets start a rumour we got him at a good price so Chelsea could have first dibs on Adams.
Why ? He looked good in pre season, he might be fit for Saturday and we don't have any other striker available at the moment. Oh Joffy is available, nearly forgot.
