Reports saying we have sold Cobham

Chelsea still ruining football after all these years.

comment by meltonblue (U10617)
posted 7 hours, 23 minutes ago
comment by Darren The String Fletcher (U10026)
posted 17 minutes ago
Thought they’d at least give it a few years before they started asset stripping.
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It’s not really asset stripping when they’re selling it to themselves.

Be very surprised if it got allowed by the PL.

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Is if the club no longer owns it and is now in the hands of a private equity firm.

comment by Darren The String Fletcher (U10026)
posted 1 hour ago
comment by meltonblue (U10617)
posted 7 hours, 23 minutes ago
comment by Darren The String Fletcher (U10026)
posted 17 minutes ago
Thought they’d at least give it a few years before they started asset stripping.
----------------------------------------------------------------------
It’s not really asset stripping when they’re selling it to themselves.

Be very surprised if it got allowed by the PL.

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Is if the club no longer owns it and is now in the hands of a private equity firm.
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It’s in the hands of Chelsea’s parent company. It’s not great still but it’s better (for the club at least) than had they actually sold it to private investors.

But that is something that they could do in the future, because the training ground is obviously worth a hell of a lot of money.

Not sure what the PL can do about this, though. It’s brazenly gaming the system, but I’m not sure it there are any rules in place right now against it. Similar to the crap with their eight year contracts.

Shame owners are so reduced in their ability to invest then they wouldn't feel the need to pull weird shlt to inflate the balance sheet.

comment by Darren The String Fletcher (U10026)
posted 16 minutes ago
But that is something that they could do in the future, because the training ground is obviously worth a hell of a lot of money.

Not sure what the PL can do about this, though. It’s brazenly gaming the system, but I’m not sure it there are any rules in place right now against it. Similar to the crap with their eight year contracts.
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That’s true if it was still with Chelsea or the holding company though.

The PL has to approve the transaction to allow it onto the P&L, doesn’t look like they have done and I’d be very surprised if they did.

Their seem to be too many people with twisted knickers on this thread.....me thinks !

Our no win no fee Lawyer from the Thompson Local who lives in the bedsit just above Kwik fit seemed happy with the deal...it's all good

comment by meltonblue (U10617)
posted 7 hours, 50 minutes ago
comment by Darren The String Fletcher (U10026)
posted 16 minutes ago
But that is something that they could do in the future, because the training ground is obviously worth a hell of a lot of money.

Not sure what the PL can do about this, though. It’s brazenly gaming the system, but I’m not sure it there are any rules in place right now against it. Similar to the crap with their eight year contracts.
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That’s true if it was still with Chelsea or the holding company though.

The PL has to approve the transaction to allow it onto the P&L, doesn’t look like they have done and I’d be very surprised if they did.

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They will have to have an existing regulation in place already to prevent it.

My money is on a massive VC firm that knows accountancy inside out and can afford the best lawyers.