I dont think clubs have that sort of liquid funds lying around Rap to make outright purchases.
I mean Roman is worth what...10m?
Doesnt mean all 10m is available to him at once and i doubt he or any owner would want to sell from their other assets to fund moves for players.
Comment deleted by Site Moderator
Spurs are due from other clubs £13.3m and owe other clubs £24.9m in creditors.
The one thing i would look to enforce is clubs paying of those installements within one season. Buy the player on credit, yes....but pay it off before the next season begins
Comment deleted by Site Moderator
"Spurs are due from other clubs £13.3m and owe other clubs £24.9m in creditors."
Harry
Comment deleted by Site Moderator
Comment deleted by Site Moderator
Spurs are due from other clubs £13.3m and owe other clubs £24.9m in creditors.
__________
In many ways, doesn't this report demonstrate why FFP, if fully implemented, signals the death knell for all but the big boys. The fact that Chelsea have had to spend close on £1 billion in order to join and, just as importantly, stay at the top table, shows the huge level of investment required if you want to join the party.
Without that huge investment, that kind of spending is available only to the precious few that are currently reaping the rewards of their successes or whose historical triumph's afford them the luxury of being amongst the elite earners. FFP consigns the rest to the role of also rans. Perennial warm up acts before the star turns take centre stage.
It still seems incredible to me that in England and across Europe, chairmen of clubs are prepared to turn away big investors and vote to introduce rules that not only kill off the threat of competition from outside the chosen few, but actually makes the gulf between rich and poor grow massively year after year.
I doubt I'll be around in 2050 when United lift their 50th league title and their 24th in succession. But I don't suppose that too many TV companies will be bothering to screen it anyway.
Comment deleted by Site Moderator
It still seems incredible to me that in England and across Europe, chairmen of clubs are prepared to turn away big investors and vote to introduce rules that not only kill off the threat of competition from outside the chosen few, but actually makes the gulf between rich and poor grow massively year after year.
---------
It's better than no regulation at all, at least it should stop smaller clubs going bust. Also the big clubs run the game, it's no surprise seeing them get what they want is it?
The game's changing.. but if Wigan can win a trophy there's hope for us all
It is simply not sustainable for clubs to keep spending, no matter how much money their owners have. The Arabs and Ruskies will get fed up after a while, up sticks, and then several clubs will then cease to exist.
Great article and contribution from all - makes a good read and a pleasant change from the usual WUM fest on here during the close season.
It would be really interesting to see how balance of Chelsea's debt is made up excluding the £188M owed to other clubs. Have the ground/training facilities undergone much development since Abramovich took over?
The ground not so much that you would notice but the training facilities , completely, in fact to the degree that we are in a totally different location from before and have built the training facilities from the ground up.
JFDI
Tottenham's new "world class" training facility, opened this year, cost an estimated £40M so I'm guessing Chelsea's would be similar?
I saw you got a new one this year, I have no idea how much ours cost, we bought the land first but that was under Bates, we only got planning permission under Roman and there were clauses, it is on green belt land. The facilities are being added to even now and there is room for growth, the youth facilities were added to the site and a permanent indoor pitch is next we had been using a temporary affair, inflatable, during previous winters. Many of the training pitches have under floor heating and are of Premier league standard. Actual costs I would have to look up.
Dont think Chelsea's has been done up to anywhere near the extent
Not saying it is bad, as it is still very good, but I think we spent a lot more money/time developing our training facilities.
What I was trying to get at here was working out where the balance of £700M of the debt which excludes the £188M owed elsewhere to other clubs, so even allowing £40-£50M for the cap ex for the new training facility, thats still c.£650M.
Can't have all gone on player deals, wages and compensation for sacked managers surely?
http://www.standard.co.uk/sport/chelseas-20million-bunker-6968093.html
Proposed cost was 20 million according to the evening standard, this would have been without the acadamy facilities etc developed since. Again, no idea how much has been spent on it to date.
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Financial Review of Football
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posted on 6/6/13
I dont think clubs have that sort of liquid funds lying around Rap to make outright purchases.
I mean Roman is worth what...10m?
Doesnt mean all 10m is available to him at once and i doubt he or any owner would want to sell from their other assets to fund moves for players.
posted on 6/6/13
billion, surely?
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
Meant billion
posted on 6/6/13
Spurs are due from other clubs £13.3m and owe other clubs £24.9m in creditors.
posted on 6/6/13
The one thing i would look to enforce is clubs paying of those installements within one season. Buy the player on credit, yes....but pay it off before the next season begins
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
"Spurs are due from other clubs £13.3m and owe other clubs £24.9m in creditors."
Harry
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
Spurs are due from other clubs £13.3m and owe other clubs £24.9m in creditors.
__________
posted on 6/6/13
£144m, that it?
posted on 6/6/13
In many ways, doesn't this report demonstrate why FFP, if fully implemented, signals the death knell for all but the big boys. The fact that Chelsea have had to spend close on £1 billion in order to join and, just as importantly, stay at the top table, shows the huge level of investment required if you want to join the party.
Without that huge investment, that kind of spending is available only to the precious few that are currently reaping the rewards of their successes or whose historical triumph's afford them the luxury of being amongst the elite earners. FFP consigns the rest to the role of also rans. Perennial warm up acts before the star turns take centre stage.
It still seems incredible to me that in England and across Europe, chairmen of clubs are prepared to turn away big investors and vote to introduce rules that not only kill off the threat of competition from outside the chosen few, but actually makes the gulf between rich and poor grow massively year after year.
I doubt I'll be around in 2050 when United lift their 50th league title and their 24th in succession. But I don't suppose that too many TV companies will be bothering to screen it anyway.
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
It still seems incredible to me that in England and across Europe, chairmen of clubs are prepared to turn away big investors and vote to introduce rules that not only kill off the threat of competition from outside the chosen few, but actually makes the gulf between rich and poor grow massively year after year.
---------
It's better than no regulation at all, at least it should stop smaller clubs going bust. Also the big clubs run the game, it's no surprise seeing them get what they want is it?
The game's changing.. but if Wigan can win a trophy there's hope for us all
posted on 6/6/13
It is simply not sustainable for clubs to keep spending, no matter how much money their owners have. The Arabs and Ruskies will get fed up after a while, up sticks, and then several clubs will then cease to exist.
posted on 6/6/13
Dream on.
posted on 7/6/13
Great article and contribution from all - makes a good read and a pleasant change from the usual WUM fest on here during the close season.
It would be really interesting to see how balance of Chelsea's debt is made up excluding the £188M owed to other clubs. Have the ground/training facilities undergone much development since Abramovich took over?
posted on 7/6/13
The ground not so much that you would notice but the training facilities , completely, in fact to the degree that we are in a totally different location from before and have built the training facilities from the ground up.
posted on 7/6/13
JFDI
Tottenham's new "world class" training facility, opened this year, cost an estimated £40M so I'm guessing Chelsea's would be similar?
posted on 7/6/13
I saw you got a new one this year, I have no idea how much ours cost, we bought the land first but that was under Bates, we only got planning permission under Roman and there were clauses, it is on green belt land. The facilities are being added to even now and there is room for growth, the youth facilities were added to the site and a permanent indoor pitch is next we had been using a temporary affair, inflatable, during previous winters. Many of the training pitches have under floor heating and are of Premier league standard. Actual costs I would have to look up.
posted on 7/6/13
Dont think Chelsea's has been done up to anywhere near the extent
posted on 7/6/13
Not saying it is bad, as it is still very good, but I think we spent a lot more money/time developing our training facilities.
posted on 7/6/13
What I was trying to get at here was working out where the balance of £700M of the debt which excludes the £188M owed elsewhere to other clubs, so even allowing £40-£50M for the cap ex for the new training facility, thats still c.£650M.
Can't have all gone on player deals, wages and compensation for sacked managers surely?
posted on 7/6/13
http://www.standard.co.uk/sport/chelseas-20million-bunker-6968093.html
Proposed cost was 20 million according to the evening standard, this would have been without the acadamy facilities etc developed since. Again, no idea how much has been spent on it to date.
Page 8 of 9
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