in players sales this window
Lukaku > is currently valued at 35m, Inter & Juve have valued him at this figure in this window> likely destination Saudi if Juve pullout due to fan dissatisfaction: Resolution out on loan to Roma- Fee 5m
Ziyech> fee 10m+ > sold Galatasary: Resolution<>ok> Loan > Fee 5m
Pure profit academy players:
CHoD> likely destination Fulham > 8m + Update > move to Forrest ?
Chalobah> valued 30m + > Possible move to Bayerm> fee ?
Gallagher > valued 40m+ > ? looks like may stay?
Hall > valued 30m> Loan move - Newcastle- plus move 2024 > 30m
Update > Cucu > possible loan to Utd
The academy players will be sought after in this window
These sales will take the sales & loan fees made figure since Boehly- Clearlake took over to aprx 350m
The Lavia transfer done.
Olise was not deal finalised.?
The club is anticipated to bring two more players in a striker & G/keeper:
G/k- Gjordi. Prospect - Washington. + 1 ? Palmer ?
Based on these numbers the assuming the spend will go to 1 billion , the cost of rebuilding this squad to date will be between 550m - 600m
A total of 28 players will have been sold:
29 players brought in, two of which are back up for the injured Forfana & Nkunku:
The squad will be 24 players, 5 players out on loan, + the players in long term recovery:
A lot has been said that after spending 1 billion pound Cfc should be challenging City:
But it then is also said this squad is not yet any where near the level of quality and ability of City, which is fair , but lets face it you couldnt buy the city squad for 600m, so all that chat is just drivel.
For the money CFc have spent you would assume that this squad should be challenging for a top four place, but lets be rational, this squad is an unknown, as it has not had the opportunity and time to integrate.
Our rivals all have more settled squads, Utd, Newcastle & Liverpool.
I think City & Afc are going have their own battle, whilst the rest of fight for 3, 4, & 5th.
The question is who will miss out on C/L football, imo at this point it is Liverpool
COY Blues, KTBFFH
Update- CFc on track to bring in another75m
posted on 18/8/23
Cfc have just cleared the last 3 year FFP cycle.( June 2023)
Yeah i assume that considering all of the scrutiny the club will employ an accountant to present the accounts appropriately.
I think the unknown's are:
What will be the level of new sponsorship deals for the 24/25 season + inclusive long term Shirt and sleeve deals to come next season.
What revenue will be generated from player sales in the 24/25 transfer windows.
What will be the income from entry into European competition, if that is the case.
The risk is normal practice is that a club like CFc would have the following years financial responsibilities already planned and mapped out.
In this case it clearly is not.
Is it illegal no.
Is it cheating no.
Is it questionable financial planning yes.
It is a high risk strategy caused by the appalling decision making in the first 12 months of the Boehly- Clearlake ownership.
and yes it will be tricky
posted on 18/8/23
comment by ifarka, (U8182)
posted 1 hour, 9 minutes ago
No going forward the revenues will need to be in the region of 525m , give or take.
Wages- 200- 225m
Amortization- bln over 5 years 200m
Operating cost- 100m
Without European C/L football currently Cfc revenue is the region of 400m +
The club do have a successful history of trading footballers to increase income, this is part of the clubs business planning.
Without doubt no C/L football will lead to an FFP breach going forward for the 24/25 season.
This season 23/24 the sales and projected sales to come should be enough to stay within the FFP guidance.
Yes it is very very risky strategy, but hey football is a very very risky business, and if you want to be at the top and compete you have be prepared to take risks.
It is the nature of the beast.
Because your club operate within a more refined prudent model, it doesnt mean the Cfc model is cheating, it the competitive nature of the sport,
You get out what you put in.
I look at the Cfc trophy cabinet and can see my club have put a lot in, hows your trophy cabinet looking
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Not sure where you are getting your figures from. 22 accounts state that in 202/22 your revenues were £481m (that was with UCL).
Your profit on player sales were £123m
and you still made a loss of £120m.
This was on the basis of amortisation of transfer at about £170m & total wages & pension ect costs of £340m.
Not sure what all your trading will do to your figures and i cannot image your wages and amortisation going down.
So if you take these figures as base level, allowing for that level of amortisation then your income (whether revenue or profit on player sales) will need to be up by £120m to break even.
This year your player sales may well be £250m, but your income will be down with no UCL.
Going forward, can you rely on such great player sales ?
In the 20/21 season your player sales were only about £30m and you made £155m losses, the season you won the UCL although impacted by Covid.
posted on 18/8/23
comment by ifarka, (U8182)
posted 1 hour, 32 minutes ago
Cfc have just cleared the last 3 year FFP cycle.( June 2023)
====
What does this mean? I though FFP was assessed over a 3 year rolling cycle.
posted on 18/8/23
Yeah there adjustments with the losses, per-missable
Cfc do currently have 150m worth of players in line for sale.
Lukaku> 35m
Ziyech > 10m ?
CHOd> 8m
Gallagher> 40m
Chalobah> 30/35m
Hall> 30m
After that it is an unknown, but the club will continue to move other players from the academy- loanees & those who do not fit the long term plan.
posted on 18/8/23
K7, yes it is assessed each year , but importantly the 3 year cycle must stay within 105m or 120m euro. Which Cfc have cleared. That is public knowledge.
posted on 18/8/23
Devon,
I think the key issue is for 24/25 is that if Cfc do attain European football the amortization will go from aprx 150m per season on 1 billion to 200m per season.
posted on 18/8/23
Hall out on one year loan to Newcastle, with a permanent move for next summer, fee 28m plus 7m add ons
posted on 18/8/23
comment by ifarka, (U8182)
posted 2 hours, 16 minutes ago
Devon,
I think the key issue is for 24/25 is that if Cfc do attain European football the amortization will go from aprx 150m per season on 1 billion to 200m per season.
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Who knows what your accounts will look like for last season, but no doubt, even with all the long contracts the amortisation will be up about £80m, so close to £250m overall, and other than Werner, you did not shift much from the £170m amortisation rate of 21/22.
Certainly sales of some players will shift more off that amortisation (Havertz, Kovacic, Koulibalyu, Mendy) but you've added a load too (at least another £50m) and of the players still left to shift its only really Lukaku will make any kind of dent in that amortisation number.
Going forward its your amortisation figure that is going to be so big .Your wages are big. Revenues/player sales will have to be at record levels and even with 2022 revenue of £480m you last £120m so that indicates at least £600m revenues to break even, or £500m and massive sales figures every year.
posted on 18/8/23
We also have to remember they have reduced the yearly wage bill by a great deal. They home produced player sales will go onto the books as profit, Hall will next season too. Tkey make look for external investment into the club too. Now, they have to be creative with sponsorship deals and getting extra income into the club. But I am also sure that if they have taken this route, a group of investment bankers will not be leaving themselves open to breaches,
posted on 18/8/23
Im with you on this Eric.
They will have to build extra income.
I think the annual income will need to be in the region of 525m.
Based on :
Amortization > 200m
Wages > 200m
Operating costs > 100
The wage bill will be reduced, by 10% ?
The 2022 losses were inclusive of differing variables.
Covid, management changes and so on.
I dont think the 2022 accounts metric is reliable as an ongoing figure.
They are going restructure the whole finance model of the club.
loading the club with 1 bln worth of debt requires a functioning business to recoup the debt .
These guys are investment bankers, not a charity