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Away from chatting Spurs for a bit

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posted on 16/8/23

comment by JFDI (U1657)

posted on 16/8/23

comment by Devonshirespur (U6316)
posted 7 minutes ago
comment by JFDI (U1657)
posted 23 minutes ago
comment by kloppites (U13373)
posted 5 minutes ago
I don’t see any other mid table club spending like there’s no tomorrow đź‘Ť something smells fishy with Chelsea
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There aren't many mid table teams with our financials. I suppose you are closest but our last two signings show its more than just money.
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Wages make a massive difference and Chelsea offer way more than Liverpool, especially for yuoung players like this .

Nunez is reportedly on £140k a week. Enzo at CFC on £315k. No doubt Caicedo will be getting a bumper wage well in excess of what LFC were prepared to offer.
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Nunez is livepools 8th highest paid player, Enzo is our third behind Sterling and Lukaku, he will be 2nd once we get rid of Lukaku. Our 8th highest earner is Curcerella at 175k. After the difference isn't that great as we have been bringing our wages down and will continue to do so. I said Liverpool were closest not equal.

posted on 16/8/23

Spurs

comment by Superb (U6486)

posted on 16/8/23

comment by Tarrico_sees_red (U5595)
posted 9 minutes ago
comment by Diamondlights (U20501)
posted 2 hours, 32 minutes ago
Can't be bothered to explain the financials of how they are doing it... In short, its amortization over the length of long contracts which are being given to young players with lots of upside. They are not making these deals with 27+ year olds. They are also selling a lot of young home grown players which they have stacked up in their academy over the years which count on an annualized basis on their balance sheet as huge profit. They are doing NOTHING outside of PL rules. They have also been massively helped by the Saudis paying stupid money to get old/ high earnings off their books.

It's a great strategy for a project manager like Poch who loves to develop young players.

Do I like it.... Not really but it is what it is. Would be nice if there was someone smart enough at Spurs to do what Clearlake are doing.. They have clear ambition to win. In case you haven't noticed the PL is a rich man's game.. Perhaps someone should let Levy & Lewis know !

Don't kid yourself, Chelsea will be challenging this season or next and will be comfortably ahead of Spurs this year.

It is what it is. Unlike Levy who's trying to fight the system to his own team's detriment.... Chelsea are changing the system.

All clubs (Ex Spurs) are waking up to what Chelsea are doing and will be doing similar over the next few years.

Its clever accounting. Nothing more !
----------------------------------------------------------------------

I totally agree.
I wish Spurs would try something different to achieve success. All we do is complain about other teams which let’s our owners off the hook.

Moaning about City and Chelsea is pointless, just try and find ways to get better players.
Just shows that the people who run Spurs aren’t really as clever as they think they are. Actually, scratch that, they are clever at making it successful for them but certainly not on the football side.
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Well said lads, good to see there are some bright, switched on Spurs fans with a clear knowledge of the facts. What Chelsea are doing is perfectly legal and within the rules no matter how much the likes of Sandy wishes it wasn't.

comment by JFDI (U1657)

posted on 16/8/23

comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 16 minutes ago
comment by Superbettino (U6486)
posted 2 minutes ago
Some pretty big accusations here Sandy. If you think bribery or wrongdoing has occurred then you should send your evidence to both the Premier League and FA immediately. Alternatively you can keep making stuff up on an internet forum. Oh yeah you're doing that already.

----------------------------------------------------------------------

I don't need to Chelsea are still under investigation from the Abramovich era. I am sure the authorities have more than enough evidence to come down very severely on CFC.
----------------------------------------------------------------------
Actually they are not, the current regime raised a concern to uefa about some irregularities of the previous regime, their investigation has been concluded. The premeir league have said they will look at it but that's all we know so far. It's unlikely they will take further action unless there is something illegal involved. You can cling on to that for as long as you like but it's just another straw to clutch at for now.

posted on 16/8/23

comment by MonTT (U22775)
posted 2 minutes ago
Sandy

Can you provide a detailed P&L of Chelsea finances over the last 3 seasons, i assume you have this to hand.

Can you also explain to me where we are currently falling a foul of regulations?

you keep mentioning this 800m, ( which will be more with lavia and Olise ) but can you please provide a detailed breakdown of player sales

I assume you have all of these answers

Someone also mentioned multiple FFP breaches, id be interested to see this information as well#

Kind Regards
----------------------------------------------------------------------
You know he can't, it's just his constant anti-Chelsea agenda. But, despite this, there are some good questions being asked. I am intelligent enough to understand finance and amortization, but I am also intelligent enough to know it can all go tits-up if these risks don't pan out. I am excited ny our squad, but there is trepidation. I believe Fernandez and the defenders we have will work out. I hope Caicedo does. Jackson and Nkuku are shrewd investments at the price. But I have doubts about Lavia and Mudryk. Cucurella was a complete waste. The question is, will enough of these players pan out for this project to be a success?

comment by Superb (U6486)

posted on 16/8/23

comment by Eric_Draven (U20260)
posted 13 minutes ago
comment by MonTT (U22775)
posted 2 minutes ago
Sandy

Can you provide a detailed P&L of Chelsea finances over the last 3 seasons, i assume you have this to hand.

Can you also explain to me where we are currently falling a foul of regulations?

you keep mentioning this 800m, ( which will be more with lavia and Olise ) but can you please provide a detailed breakdown of player sales

I assume you have all of these answers

Someone also mentioned multiple FFP breaches, id be interested to see this information as well#

Kind Regards
----------------------------------------------------------------------
You know he can't, it's just his constant anti-Chelsea agenda. But, despite this, there are some good questions being asked. I am intelligent enough to understand finance and amortization, but I am also intelligent enough to know it can all go tits-up if these risks don't pan out. I am excited ny our squad, but there is trepidation. I believe Fernandez and the defenders we have will work out. I hope Caicedo does. Jackson and Nkuku are shrewd investments at the price. But I have doubts about Lavia and Mudryk. Cucurella was a complete waste. The question is, will enough of these players pan out for this project to be a success?
----------------------------------------------------------------------
Every signing is a risk, that's the nature of the game. All clubs live and die by how good their player recruitment turns out. Won't be any different with us.

posted on 16/8/23

Chelsea are already under investigation from the PL after recently being fined by UEFA.

posted on 16/8/23

comment by JFDI (U1657)
posted 51 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 16 minutes ago
comment by Superbettino (U6486)
posted 2 minutes ago
Some pretty big accusations here Sandy. If you think bribery or wrongdoing has occurred then you should send your evidence to both the Premier League and FA immediately. Alternatively you can keep making stuff up on an internet forum. Oh yeah you're doing that already.

----------------------------------------------------------------------

I don't need to Chelsea are still under investigation from the Abramovich era. I am sure the authorities have more than enough evidence to come down very severely on CFC.
----------------------------------------------------------------------
Actually they are not, the current regime raised a concern to uefa about some irregularities of the previous regime, their investigation has been concluded. The premeir league have said they will look at it but that's all we know so far. It's unlikely they will take further action unless there is something illegal involved. You can cling on to that for as long as you like but it's just another straw to clutch at for now.
----------------------------------------------------------------------

Like Abramovich laundering dirty money through Chelsea FC. Nothing illegal though.

posted on 16/8/23

Spurs

comment by JFDI (U1657)

posted on 16/8/23

comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 21 minutes ago
comment by JFDI (U1657)
posted 51 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 16 minutes ago
comment by Superbettino (U6486)
posted 2 minutes ago
Some pretty big accusations here Sandy. If you think bribery or wrongdoing has occurred then you should send your evidence to both the Premier League and FA immediately. Alternatively you can keep making stuff up on an internet forum. Oh yeah you're doing that already.

----------------------------------------------------------------------

I don't need to Chelsea are still under investigation from the Abramovich era. I am sure the authorities have more than enough evidence to come down very severely on CFC.
----------------------------------------------------------------------
Actually they are not, the current regime raised a concern to uefa about some irregularities of the previous regime, their investigation has been concluded. The premeir league have said they will look at it but that's all we know so far. It's unlikely they will take further action unless there is something illegal involved. You can cling on to that for as long as you like but it's just another straw to clutch at for now.
----------------------------------------------------------------------

Like Abramovich laundering dirty money through Chelsea FC. Nothing illegal though.
----------------------------------------------------------------------
It would be if it happened.

posted on 16/8/23

comment by JFDI (U1657)
posted 1 hour, 12 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 16 minutes ago
comment by Superbettino (U6486)
posted 2 minutes ago
Some pretty big accusations here Sandy. If you think bribery or wrongdoing has occurred then you should send your evidence to both the Premier League and FA immediately. Alternatively you can keep making stuff up on an internet forum. Oh yeah you're doing that already.

----------------------------------------------------------------------

I don't need to Chelsea are still under investigation from the Abramovich era. I am sure the authorities have more than enough evidence to come down very severely on CFC.
----------------------------------------------------------------------
Actually they are not, the current regime raised a concern to uefa about some irregularities of the previous regime, their investigation has been concluded. The premeir league have said they will look at it but that's all we know so far. It's unlikely they will take further action unless there is something illegal involved. You can cling on to that for as long as you like but it's just another straw to clutch at for now.
----------------------------------------------------------------------

FA will not be interested in illegal activities (HMRC might), but they will be concerned with PL FFP rules, and if they have broken these prepare to be fined or worse regardless of change of ownership.

posted on 16/8/23

comment by Devonshirespur (U6316)
posted 1 minute ago
comment by JFDI (U1657)
posted 1 hour, 12 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 16 minutes ago
comment by Superbettino (U6486)
posted 2 minutes ago
Some pretty big accusations here Sandy. If you think bribery or wrongdoing has occurred then you should send your evidence to both the Premier League and FA immediately. Alternatively you can keep making stuff up on an internet forum. Oh yeah you're doing that already.

----------------------------------------------------------------------

I don't need to Chelsea are still under investigation from the Abramovich era. I am sure the authorities have more than enough evidence to come down very severely on CFC.
----------------------------------------------------------------------
Actually they are not, the current regime raised a concern to uefa about some irregularities of the previous regime, their investigation has been concluded. The premeir league have said they will look at it but that's all we know so far. It's unlikely they will take further action unless there is something illegal involved. You can cling on to that for as long as you like but it's just another straw to clutch at for now.
----------------------------------------------------------------------

FA will not be interested in illegal activities (HMRC might), but they will be concerned with PL FFP rules, and if they have broken these prepare to be fined or worse regardless of change of ownership.
----------------------------------------------------------------------
https://talksport.com/football/1533149/simon-jordan-chelsea-moises-caicedo-romeo-lavia-transfer/

The man owned a premier league club

posted on 16/8/23

comment by MonTT (U22775)
posted 1 hour, 28 minutes ago
Sandy

Can you provide a detailed P&L of Chelsea finances over the last 3 seasons, i assume you have this to hand.

Can you also explain to me where we are currently falling a foul of regulations?

you keep mentioning this 800m, ( which will be more with lavia and Olise ) but can you please provide a detailed breakdown of player sales

I assume you have all of these answers

Someone also mentioned multiple FFP breaches, id be interested to see this information as well#

Kind Regards
----------------------------------------------------------------------

https://find-and-update.company-information.service.gov.uk/company/02536231/filing-history

season 20/21 £153m losses

season 21/22 £121m losses

Whats notable is that despite CFCs large revenues, up to £485m, they make massive operating losses which are offset by player sales.

So in those 2 years operating losses (Revenues minus all costs including transfer in) of £240m and £185m.

It is only the profit on player trading, £123m and £30m that reduces those losses.

It is never a strong position to be in where operating losses are so big and you are reliant on player sales.

And this will be an even bigger concern with some of the very expensive players in the squad because if CFC need to sell to balance these books a bit in teh future, someone like Mudryk who cost £100m of 8 years devalues at £12m a year, so even in 3 years time, if you want to sell him on you will need £65m to not show a loss, let alone make a profit on player trading, which you are clearly reliant on in minimising your annual losses.

How these losses stack up with UEFA i have no idea. £280m lost over 2 seasons is a mile away from being FFP compliant & I will be interested to see how this is all squared off as UEFAs new FFP kicks in.

posted on 16/8/23

I'm not sure what's worse, financial doping or being dragged along by the officials like Varpool & Penited

posted on 16/8/23

comment by Devonshirespur (U6316)
posted 10 minutes ago
comment by MonTT (U22775)
posted 1 hour, 28 minutes ago
Sandy

Can you provide a detailed P&L of Chelsea finances over the last 3 seasons, i assume you have this to hand.

Can you also explain to me where we are currently falling a foul of regulations?

you keep mentioning this 800m, ( which will be more with lavia and Olise ) but can you please provide a detailed breakdown of player sales

I assume you have all of these answers

Someone also mentioned multiple FFP breaches, id be interested to see this information as well#

Kind Regards
----------------------------------------------------------------------

https://find-and-update.company-information.service.gov.uk/company/02536231/filing-history

season 20/21 £153m losses

season 21/22 £121m losses

Whats notable is that despite CFCs large revenues, up to £485m, they make massive operating losses which are offset by player sales.

So in those 2 years operating losses (Revenues minus all costs including transfer in) of £240m and £185m.

It is only the profit on player trading, £123m and £30m that reduces those losses.

It is never a strong position to be in where operating losses are so big and you are reliant on player sales.

And this will be an even bigger concern with some of the very expensive players in the squad because if CFC need to sell to balance these books a bit in teh future, someone like Mudryk who cost £100m of 8 years devalues at £12m a year, so even in 3 years time, if you want to sell him on you will need £65m to not show a loss, let alone make a profit on player trading, which you are clearly reliant on in minimising your annual losses.

How these losses stack up with UEFA i have no idea. £280m lost over 2 seasons is a mile away from being FFP compliant & I will be interested to see how this is all squared off as UEFAs new FFP kicks in.
----------------------------------------------------------------------

Ouch.

Chelsea are being run by a person who is completely clueless about rules.

posted on 16/8/23

comment by â—ŹBilly The Spurâ—Ź LEVY OUT- ENIC OUT! (U3924)
posted 2 minutes ago
I'm not sure what's worse, financial doping or being dragged along by the officials like Varpool & Penited
----------------------------------------------------------------------
Having a trophy cabinet full of dust like Spurs

posted on 16/8/23

comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 5 seconds ago
comment by Devonshirespur (U6316)
posted 10 minutes ago
comment by MonTT (U22775)
posted 1 hour, 28 minutes ago
Sandy

Can you provide a detailed P&L of Chelsea finances over the last 3 seasons, i assume you have this to hand.

Can you also explain to me where we are currently falling a foul of regulations?

you keep mentioning this 800m, ( which will be more with lavia and Olise ) but can you please provide a detailed breakdown of player sales

I assume you have all of these answers

Someone also mentioned multiple FFP breaches, id be interested to see this information as well#

Kind Regards
----------------------------------------------------------------------

https://find-and-update.company-information.service.gov.uk/company/02536231/filing-history

season 20/21 £153m losses

season 21/22 £121m losses

Whats notable is that despite CFCs large revenues, up to £485m, they make massive operating losses which are offset by player sales.

So in those 2 years operating losses (Revenues minus all costs including transfer in) of £240m and £185m.

It is only the profit on player trading, £123m and £30m that reduces those losses.

It is never a strong position to be in where operating losses are so big and you are reliant on player sales.

And this will be an even bigger concern with some of the very expensive players in the squad because if CFC need to sell to balance these books a bit in teh future, someone like Mudryk who cost £100m of 8 years devalues at £12m a year, so even in 3 years time, if you want to sell him on you will need £65m to not show a loss, let alone make a profit on player trading, which you are clearly reliant on in minimising your annual losses.

How these losses stack up with UEFA i have no idea. £280m lost over 2 seasons is a mile away from being FFP compliant & I will be interested to see how this is all squared off as UEFAs new FFP kicks in.
----------------------------------------------------------------------

Ouch.

Chelsea are being run by a person who is completely clueless about rules.
----------------------------------------------------------------------
Yet he’s not breaking any rules whatsoever

Are you actually this thick?

posted on 16/8/23

comment by â—ŹBilly The Spurâ—Ź LEVY OUT- ENIC OUT! (U3924)
posted 3 minutes ago
I'm not sure what's worse, financial doping or being dragged along by the officials like Varpool & Penited
----------------------------------------------------------------------

Definitely the latter Billy.

posted on 16/8/23

Thing is there’s nothing stopping spurs doing what we’re doing

There’s also nothing stopping spurs or anyone else doing what we do with our academy and making millions in loan fees every year as again easy income

Other clubs just choose not to

E.G we could say how is it fair Spurs can host NFL games and get paid a ton of income / fees for doing it

We don’t get to host NFL games or the majority of other PL Clubs, so how is it fair spurs get paid lots of money to host that goes in their income allowing them to spend more than other clubs?

posted on 16/8/23

I don't personally think Chelsea are doing anything other than avoiding FFP rules, by having long contracts. I think this is a smart way of bypassing the rules. Those who implemenetd rules knew about this loophole but they let it be. Technically, Chelsea have not "broken" a rule.

I think Spurs could learn something here. Trying to do everything by the book sometimes need a little off-the cuff approach which may not be the holy grail of approaches, need unconventional things like signing players on long term, but we seem to want tb seen like Snow white of clubs...

Unfortunately if you can't beat them. join them and stop moaning!

posted on 16/8/23

Spurs are getting paid tens of millions of pounds for corporate sporting events that aren’t football

Which then gives them more money to spend on players and wages thus inflating the market and they still finish below the likes of Brighton

And Brighton get that extra income

Should Brighton ask the PL to investigate or ban spurs getting income outside of football ?

posted on 16/8/23

Essentially every club has stuff on the side to boost income or amortisation. Some clubs just do it in bigger ways than others

We do it more than spurs but spurs do it more than Brighton

posted on 16/8/23

Which then gives them more money to spend on players and wages thus inflating the market and they still finish below the likes of Brighton
=================
The irony of that statement for a club that was below Spurs ...and way below Brighton

posted on 16/8/23

comment by He who Dares, waits for Trophies (U15748)
posted 2 minutes ago
Which then gives them more money to spend on players and wages thus inflating the market and they still finish below the likes of Brighton
=================
The irony of that statement for a club that was below Spurs ...and way below Brighton
----------------------------------------------------------------------
It’s more an example

Brighton could say the same about Spurs

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