I did some digging. So they sold 2 hotels for 75m ish to a subsid company. How does that even contribute to FRP I don’t know. That just seems terribly odd.
Yep, sold £70m of hotels to the clubs ownership group. I don't think it had been ratified ahead of the PL AGM, but they failed to put any rules in place to stop it so are powerless to do so and it will just show on the accounts as £70m on the bottom line and of course with Olise it'll be a 6 year deal so £10m plus salary deducted. I question any player who would happily sign for a club with far too many players as it is and no manager, so if that's Olise's character then **** him.
He’s a London boy though isn’t he. The player turnover at Chelsea is frightening. Look at this. The shear volume of loans. https://www.transfermarkt.co.uk/fc-chelsea/alletransfers/verein/631
The other stupid thing we did was put our own FFP at risk by helping theirs with the signing of Hall. Of course he is a good player but in the grand scheme of things we have effectively given them the ability to spend 5x his transfer fee.
Chelsea are operating in another universe to Newcastle in terms of revenue, so there's no point worrying about things like that.
Sadly, yes - however, we should be selling everything that we own to ourselves while it's still a thing. Sela Stack - Sell it to Sela. Training ground - Sell it to PIF and have them develop it.
So Fraser deal to Southampton is apparently a done deal and also likely to be confirmed before 30 June 24. So it’s his deal that maybe saves our bacon with FFP pre July 24.
Not sure how we value him, as got him on a free, we don't want him and he has one year left on his contract. Anything is acceptable just to get his £63k a week off the books. Not as mental as what we gave Targett, but still ridiculous.
The problem is that selling these **** players means replacing them and the replacement will cost far more than the amount they get.
Says who? Have you got a source for this - and please don't say multiple - just provide me one reputable source that confirms that.
Which is fine, as you can spend it and amortise it over future windows, not this accounting period. Then it can be supported by either greater revenues, or modifications to the "rules".
We say you're injured all the time and we need to balance the books, so go and get £300k a week in Saudi. I doubt he'll protest.
I guess it’s the going rate for an average left winger. 10m would probably be fine for both clubs I would imagine.
