The answer is they’re not. They’ll eventually sell up because they won’t be able to throw any more good money after bad and FFP will have caught up with them.
Until that happens (and it could take years) Chelsea will continue to be a mid-table train wreck for everyone else to laugh at
Well, thanks for a reply, but in all honestly it is not very well thought out.
On what basis do you accredit your statement, or are you just blowing out your rs!
comment by ifarka, (B-C- out) (U8182)
posted 32 minutes ago
Well, thanks for a reply, but in all honestly it is not very well thought out.
On what basis do you accredit your statement, or are you just blowing out your rs!
----------------------------------------------------------------------
After everything you have written in your original post which is one of the bleakest assessments of the ownership of a major club I’ve ever read - you’re now getting offended when a poster tells you where it could eventually end up?
I base my thoughts on everything you’ve just written, on the recent history of other big clubs across Europe being poorly and of course the amount of money your owners have sunk into the club vs the return they’re getting.
It’s not rocket science to do the maths. You’re buying a big club to enhance its value, to make money on your return in the short to medium term through CL money, global merchandise and corporate sponsorship. To do that you need on field success.
Chelsea are in an ever decreasing circle of off the field ans on the field chaos. How much longer do you think your owners can keep sinking vast amounts of money into a club that isn’t competing to be able pay that back? They need CL money and they need it fast, If the club gets levied with multiple large FFP fines as well then it’s game over
On the other hand - if you’re seeing a really positive outlook, please share it. If you think these owners have got such deep pockets they’re not bothered about getting any return on their investment and are doing this on a charitable basis - then you might be slightly disappointed if and when they start considering their options
This has been one of the biggest disasters of any new ownership of a major club I can remember. I’d be interested in why you think the outlook is so positive
In response,
Points:
1> The club going to have to live with the squad, gradually moving on players who are not reliable due to their injury vulnerability, and those players who are not good enough, as the amortization rolls over , it will become easier to sell them.
2> As financed based consortium , i assume it will be reasonable to suggest that the club will improve it off field revenue streams, merchandising / sponsorship and engage in their ambitions to trade players.
3> Accept the penalties, poss 10 pt deduction, fines, transfer ban , that in likelihood will affect the clubs ambitions for European football that season.
4> Season by season reduce the gradient between money in & money out by increasing the size of clubs economy and giving the clubs economy more band width to operate. Reducing FFP pressures.
5> On Field.- Short- medium term
Rebuild the defence, 2/3 players in-out.
Midfield, develop the leaders and the spine. 2/3 players in- out.
Strikers, bring in a player who can support Nkunku & Jackson, (poss, Lukaku and go with that for the next couple of seasons)
6> Well at the end of the season reevaluate Poch and his staff against the progression of our group of talented prospects.
7> The sporting directors, hopefully the ownership are now actively looking for a new set up.
8> The ownership,personal worth 25bln, well they are in for the long run, they can afford to live with the financial blip they have created. Once they steady the club, hopefully they will going forward focus on the finance and let experienced knowledgeable footballing brains guide the club to a position where the club can operate at the level it was at when they took control.
If you have the answers to how the club is going to successfully navigate its way out of the horrible mess it’s in, why have you posed the question in the first place? You offered none of the above in your original post and then took umbrage when it was suggested that things may not end well before coming up with a business plan in 5 minutes. That’s a very weird type of logic - or are you just looking for validation of your plan for Chelsea
The hole in your very hastily developed proposal is this - you are basing everything on the premise that your owners are going to suddenly display a level of commercial and strategical acumen that is contrary to everything we’ve seen. Unless sweeping changes are made at board level - there’s little evidence to suggest anything will be fixed
Your assumption in point 2 is also way off. Improving the clubs revenue streams through corporate sponsorship is not going to happen without a very quick return to onfield success. Chelsea are not Manchester United. They haven’t built up the global credentials to ride out years of stagnation.
Closing the gap between money in and money out during the FFP crisis I think you’re going to enter into could take 2-3 years of squad trimming and very smart recruitment. You haven’t displayed any of that.
Point 8 beggars belief and feeds into the misperception fans of big clubs have that their owners are wealthy enough to simply live with years of financial failure. More wealth doesn’t mean you’re more like to tolerate a failing business - it actually means the opposite. It means that a club like Chelsea starts impacting other successful areas of the portfolio and that won’t be tolerated in the long term.
99:
After everything you have written in your original post which is one of the bleakest assessments of the ownership of a major club I’ve ever read - you’re now getting offended when a poster tells you where it could eventually end up?
Until that happens (and it could take years) Chelsea will continue to be a mid-table train wreck for everyone else to laugh at.
Agreed my assessment is somewhat bleak, but it is honest and realistic.
But my thought question was how are they going to turn the club around.
Despite the current situation that the club finds itself, i do actually feel the ownership will step by step turn it around, it will more than likely take 3/ 5 years as this is when the current tranche of amortization fees will have begun to drop off.
The ownership can afford to weather the stagnant investment, there are 5 members each invested 500m currently, but they are worth inaccess of 5bln each and they control a 90 bln $ investment fund.
FFP going forward, importantly the club does have the player assets to trade, how this will coincide with the clubs progression I do concede will be an unknown.
The squad is a shambles,(small s)imo, but there are positives and there have been reasons for the unsettled nature of the line ups.
Going forward the side more than likely will require a new management if Poch cannot get them firing by the end of the season.
Imo the squad only needs between 4/6 players in out to get a side that can compete at a top 6 level.
I actually feel we will finish in or around 8th place on about 55 points.
Finally , the sporting directors, i hope the club change direction and get in someone who can set a better standard.
99.
If you have the answers to how the club is going to successfully navigate its way out of the horrible mess it’s in, why have you posed the question in the first place? You offered none of the above in your original post and then took umbrage when it was suggested that things may not end well before coming up with a business plan in 5 minutes. That’s a very weird type of logic - or are you just looking for validation of your plan for Chelsea
The hole in your very hastily developed proposal is this - you are basing everything on the premise that your owners are going to suddenly display a level of commercial and strategical acumen that is contrary to everything we’ve seen. Unless sweeping changes are made at board level - there’s little evidence to suggest anything will be fixed
Your assumption in point 2 is also way off. Improving the clubs revenue streams through corporate sponsorship is not going to happen without a very quick return to onfield success. Chelsea are not Manchester United. They haven’t built up the global credentials to ride out years of stagnation.
Closing the gap between money in and money out during the FFP crisis I think you’re going to enter into could take 2-3 years of squad trimming and very smart recruitment. You haven’t displayed any of that.
Point 8 beggars belief and feeds into the misperception fans of big clubs have that their owners are wealthy enough to simply live with years of financial failure. More wealth doesn’t mean you’re more like to tolerate a failing business - it actually means the opposite. It means that a club like Chelsea starts impacting other successful areas of the portfolio and that won’t be tolerated in the long term.
Your point one,
The hole in your very hastily developed proposal is this - you are basing everything on the premise that your owners are going to suddenly display a level of commercial and strategical acumen that is contrary to everything we’ve seen. Unless sweeping changes are made at board level - there’s little evidence to suggest anything will be fixed
The ownership have made the board room changes, bring in a new COO last summer they have taken personally taken a back seat, as has you have eluded to it has not been a great look and will not benefit there greater portfolio management reputation.
The clubs first aim was to reduce the first 25 senior squads wage bill by 30% down from 240m p/season to 160m.
They are gradually taking the right steps to install correct oversight at the executive level.
I do actually believe the ownership have been clumsy and foolhardy with there initial involvement, doing the damage whilst TB took over as sporting director and all of the subsequent poor decisions made in the first 12 months. This is when imo the damage was done.
Despite there foolhardy approach regarding the footballing aspect, personally i would still have faith that from a finance perspective , revenue growth and so on they will add value, as finance and money is their day job.Although it will not be as strong due to the clubs current competitive ability.
Riding out stagnation, well agreed CFC are not United, but i assume that they will be happy to tick over and pay the bills as the club improves.
Closing the gap between money in and money out during the FFP crisis I think you’re going to enter into could take 2-3 years of squad trimming and very smart recruitment. You haven’t displayed any of that.
The club have actually sold over 400m worth of players as part of the 1.1 bln spend, with another 100m + of surplus, reducing the spend to / cost of / to 600m, which is not a total game over figure. It is manageable, the club did turn over 510m in the 22/23 FFP compliance report
And as i have mentioned the club have reduced the senior wage bill by 30% down 80m to 160m from 240m.
Point 8;
As i have explained these guys are wealthy enough to weather this, they might not like it, but at this point the only way prevent a catastrophic melt down, is to step back and lay off the bullish behaviour.
They have invested 2.5 bln, borrowed 500m , they are in for 3bln.
The club is more than likely today valued at in the region of 1.5 bln give or take, there poor decision making in the first 2 years has more than likely set the club valuation back 1 bln, the only way you get that back is by being considered and patient imo.
comment by 99 Problems (but Rodgers ain’t one) (U12353)
posted 2 hours, 18 minutes ago
The answer is they’re not. They’ll eventually sell up because they won’t be able to throw any more good money after bad and FFP will have caught up with them.
Until that happens (and it could take years) Chelsea will continue to be a mid-table train wreck for everyone else to laugh at
----------------------------------------------------------------------
Sadly this sounds a very plausible outcome
Oy, Oy, Of course it is a plausible outcome, it will take time, but importantly imo we will get past it.
Mid table train wreck , yeah but lets hope it will not be as painful season by season.
I think the next 2/3 seasons are going to be the crunch points, as the FFP 2012/2019 fall out is weathered.
As this squads 5/ 8 year amortization contracts become more manageable.
finally exactly how the club will trade players and maintain a upwardly mobile squad in the league is something which will be interesting to witness.
Ifarka - I think some of your points are very fair and you clearly have a more in depth knowledge as a Chelsea fan of the running of the club than I do.
What you could say however is that the changes that have taken place have been forced upon the club due to their gross mismanagement rather than necessarily brought about through the implementation of a long term strategic change.
Whether the ownership has truly learned the lessons to radically overhaul the running of the club and whether they are truly in it for the long term (which will include some potential serious FFP pain) remains to be seen. The considered and patient approach you speak of seems to run absolutely at odds with their appalling decision making so far
Are signs more positive recently? Yes. But they’ve been forced into a u-turn. That’s different to having the nous to navigate through what is a very turbulent period for Chelsea and the desire to go through more pain before the club stabilises. They need a return to CL football and quickly. I’m not convinced they have the patience for a rebuild
Whether the ownership has truly learned the lessons to radically overhaul the running of the club and whether they are truly in it for the long term (which will include some potential serious FFP pain) remains to be seen. The considered and patient approach you speak of seems to run absolutely at odds with their appalling decision making so far
Are signs more positive recently? Yes. But they’ve been forced into a u-turn. That’s different to having the nous to navigate through what is a very turbulent period for Chelsea and the desire to go through more pain before the club stabilises. They need a return to CL football and quickly. I’m not convinced they have the patience for a rebuild.
Thank you for the considered response
1st: forced into a U turn , absolutely,
2nd: Considered approach, running at odds with the appalling decision making.
Yes , it has , but even these guys at some point are going to get off the gas and be less bullish.
3; Patience, to rebuild ? ermm, they dont have alot of choice, unless they are happy to take the hit.
Return to C/L football, i personally think that is at least 3 seasons off, more like 5 as a minimum.
Tbh I think it's crazy for OP to assume Chelsea will just increase revenue and everything will be OK.
Revenue is tied to performance or entertainment and Chelsea aren't doing well in either area. The worry is now the club is already committed to spending large chunks of money to finance existing deals.
Football is a competition. Chelseas true fanbase is a fraction of its global one. Foreign fans are fickle and quickly change teams when the signings and wins dry up.
Boehly has shown he massively over values his own IQ. Like he'd found some cheat code oblivious to the fact that there's a reason no one does what Chelsea have 😂
Soon as a few big signings flop and want game time elsewhere, or to sit and collect the wages no other club will match, the wheels come off.
I don't know what % of chelseas signings have to work for this system to be deemed a success but they ain't anywhere near that number 😂
I think it's gonna get worse before it gets better for Chelsea fans....
comment by FootyMcfootfoot (U21853)
posted 4 minutes ago
Tbh I think it's crazy for OP to assume Chelsea will just increase revenue and everything will be OK.
Revenue is tied to performance or entertainment and Chelsea aren't doing well in either area. The worry is now the club is already committed to spending large chunks of money to finance existing deals.
Football is a competition. Chelseas true fanbase is a fraction of its global one. Foreign fans are fickle and quickly change teams when the signings and wins dry up.
Boehly has shown he massively over values his own IQ. Like he'd found some cheat code oblivious to the fact that there's a reason no one does what Chelsea have 😂
Soon as a few big signings flop and want game time elsewhere, or to sit and collect the wages no other club will match, the wheels come off.
I don't know what % of chelseas signings have to work for this system to be deemed a success but they ain't anywhere near that number 😂
I think it's gonna get worse before it gets better for Chelsea fans....
----------------------------------------------------------------------
Agreed
Footy,
Revenue increases,
TV tights are increasing for the EPL, i assume the ownership will drive the clubs popularity in the USA market and overseas in general.
Agreed about Boehlys naive approach.
I dont think the dooms day scenario regarding the long term outlook is as bleak as the current 2023/24 mid season, midtable position indicates.
The reality imo ,will be a long drawn out tedious recovery to just bring the club back to a solid top six performing side.
But nothing is guaranteed in football at this level, when you have dropped the ball as the ownership has done.
Importantly imo the ownership are extremely wealthy and the club do have a huge pool of player assets to trade.
it is for those reasons i believe that the ownership will ride this out.
Tbh I think it's crazy for OP to assume Chelsea will just increase revenue and everything will be OK.
In my defence, i have not suggested that increased revenue alone will be the sole remedy.
My view it is essential, and it will become easier over the next 2/3 seasons as the club settles and the amortization on the first 5/8 year contracts ease the equity remaining in players, IE, less of figure required to sell the player off at break even or to make a profit.
This summer we will see exactly what the ownership have learnt?
Will they bring in a new sporting director, who will that be.
Will they bring in a new manager , because Poch & co couldnt get this squad ticking ?
We will see what type of culture at executive level the club go into their third year with Boehly- Clearlake.
Manager is wrong...needs to go
After that who know's - we could seriously get liquidated after going bankrupt post relegation in two years
They need to try another manager now. Find out if he’s a problem because it’s pretty clear he’s not the solution at the moment so can’t get much worse and could get markedly better.
This year has been painful and without any clear signs of improvement in the players/team then next looks on course to be worse given it appears FFP will be breached, nobody is willing to pay big money for apparently bang average players and 2x punishments could be incoming next season.
Points deduction especially if that’s the punishment for both cases will make staying up the priority next season. A transfer ban would be a toothless consequence given they have effectively banned themselves from any meaningful business with the financial situation the new board have plunged you into with horrendous mismanagement and talent identification.
A real chance as it stands that Chelsea make way for Newcastle in the “big 6” over the next couple of years.
Needs a new owner or new blood running the place and for them to be incredibly astute. Both possible imo but less likely than the circus continuing.
Possible player development not mentioned but that could also be a big factor. These guys supposedly have high ceilings, maybe they do and it just needs the right manager and style.
Comment deleted by Site Moderator
Hi Chopper,
I was also very surprised when the new ownership removed all the Abramovic era top tier management as quickly as they did, but inhindsight i feel it was done because of the Failed reporting between 2012 > 2019.
The Tuschel sacking was fatal, and not putting in a top notch sporting director sealed our fate imo.
What did we fail to report...?
Your not reading my posts JW are you
Boehly- Clearlake self reported accounting reporting failures under Romans tenure that occurred between 2012 > 2019 .
Payments made to players and agents.
There is not a contention of guilt as the club accept responsibility.
UEFA have already fined us in the region 10m for this transgression.
By all accounts April is the next date where the League will announce to all clubs who have outstanding issues that have assessed , what the penalties are.
Its not clear if this issue is now ready for closure by the league.?
Biggish, your point regarding Boehly- Clearlakes thinking, it is true as yet there is nothing concrete to suggest that their will take a dramatic & significant U turn.
Stepping back and appointing the Chief Operating Officer was a better decision to their credit.
My opinions voiced are what basic steps they could take in a common sense world.
But it is true, what is there that can give us confidence that they will start to employ more common sense.??
One thing , they do have 3bln reasons on the line though.
Comment deleted by Site Moderator
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How are Boehly- Clearlake going to
Page 1 of 2
posted on 4/2/24
The answer is they’re not. They’ll eventually sell up because they won’t be able to throw any more good money after bad and FFP will have caught up with them.
Until that happens (and it could take years) Chelsea will continue to be a mid-table train wreck for everyone else to laugh at
posted on 4/2/24
Well, thanks for a reply, but in all honestly it is not very well thought out.
On what basis do you accredit your statement, or are you just blowing out your rs!
posted on 4/2/24
comment by ifarka, (B-C- out) (U8182)
posted 32 minutes ago
Well, thanks for a reply, but in all honestly it is not very well thought out.
On what basis do you accredit your statement, or are you just blowing out your rs!
----------------------------------------------------------------------
After everything you have written in your original post which is one of the bleakest assessments of the ownership of a major club I’ve ever read - you’re now getting offended when a poster tells you where it could eventually end up?
I base my thoughts on everything you’ve just written, on the recent history of other big clubs across Europe being poorly and of course the amount of money your owners have sunk into the club vs the return they’re getting.
It’s not rocket science to do the maths. You’re buying a big club to enhance its value, to make money on your return in the short to medium term through CL money, global merchandise and corporate sponsorship. To do that you need on field success.
Chelsea are in an ever decreasing circle of off the field ans on the field chaos. How much longer do you think your owners can keep sinking vast amounts of money into a club that isn’t competing to be able pay that back? They need CL money and they need it fast, If the club gets levied with multiple large FFP fines as well then it’s game over
posted on 4/2/24
On the other hand - if you’re seeing a really positive outlook, please share it. If you think these owners have got such deep pockets they’re not bothered about getting any return on their investment and are doing this on a charitable basis - then you might be slightly disappointed if and when they start considering their options
This has been one of the biggest disasters of any new ownership of a major club I can remember. I’d be interested in why you think the outlook is so positive
posted on 4/2/24
In response,
Points:
1> The club going to have to live with the squad, gradually moving on players who are not reliable due to their injury vulnerability, and those players who are not good enough, as the amortization rolls over , it will become easier to sell them.
2> As financed based consortium , i assume it will be reasonable to suggest that the club will improve it off field revenue streams, merchandising / sponsorship and engage in their ambitions to trade players.
3> Accept the penalties, poss 10 pt deduction, fines, transfer ban , that in likelihood will affect the clubs ambitions for European football that season.
4> Season by season reduce the gradient between money in & money out by increasing the size of clubs economy and giving the clubs economy more band width to operate. Reducing FFP pressures.
5> On Field.- Short- medium term
Rebuild the defence, 2/3 players in-out.
Midfield, develop the leaders and the spine. 2/3 players in- out.
Strikers, bring in a player who can support Nkunku & Jackson, (poss, Lukaku and go with that for the next couple of seasons)
6> Well at the end of the season reevaluate Poch and his staff against the progression of our group of talented prospects.
7> The sporting directors, hopefully the ownership are now actively looking for a new set up.
8> The ownership,personal worth 25bln, well they are in for the long run, they can afford to live with the financial blip they have created. Once they steady the club, hopefully they will going forward focus on the finance and let experienced knowledgeable footballing brains guide the club to a position where the club can operate at the level it was at when they took control.
posted on 4/2/24
If you have the answers to how the club is going to successfully navigate its way out of the horrible mess it’s in, why have you posed the question in the first place? You offered none of the above in your original post and then took umbrage when it was suggested that things may not end well before coming up with a business plan in 5 minutes. That’s a very weird type of logic - or are you just looking for validation of your plan for Chelsea
The hole in your very hastily developed proposal is this - you are basing everything on the premise that your owners are going to suddenly display a level of commercial and strategical acumen that is contrary to everything we’ve seen. Unless sweeping changes are made at board level - there’s little evidence to suggest anything will be fixed
Your assumption in point 2 is also way off. Improving the clubs revenue streams through corporate sponsorship is not going to happen without a very quick return to onfield success. Chelsea are not Manchester United. They haven’t built up the global credentials to ride out years of stagnation.
Closing the gap between money in and money out during the FFP crisis I think you’re going to enter into could take 2-3 years of squad trimming and very smart recruitment. You haven’t displayed any of that.
Point 8 beggars belief and feeds into the misperception fans of big clubs have that their owners are wealthy enough to simply live with years of financial failure. More wealth doesn’t mean you’re more like to tolerate a failing business - it actually means the opposite. It means that a club like Chelsea starts impacting other successful areas of the portfolio and that won’t be tolerated in the long term.
posted on 4/2/24
99:
After everything you have written in your original post which is one of the bleakest assessments of the ownership of a major club I’ve ever read - you’re now getting offended when a poster tells you where it could eventually end up?
Until that happens (and it could take years) Chelsea will continue to be a mid-table train wreck for everyone else to laugh at.
Agreed my assessment is somewhat bleak, but it is honest and realistic.
But my thought question was how are they going to turn the club around.
Despite the current situation that the club finds itself, i do actually feel the ownership will step by step turn it around, it will more than likely take 3/ 5 years as this is when the current tranche of amortization fees will have begun to drop off.
The ownership can afford to weather the stagnant investment, there are 5 members each invested 500m currently, but they are worth inaccess of 5bln each and they control a 90 bln $ investment fund.
FFP going forward, importantly the club does have the player assets to trade, how this will coincide with the clubs progression I do concede will be an unknown.
The squad is a shambles,(small s)imo, but there are positives and there have been reasons for the unsettled nature of the line ups.
Going forward the side more than likely will require a new management if Poch cannot get them firing by the end of the season.
Imo the squad only needs between 4/6 players in out to get a side that can compete at a top 6 level.
I actually feel we will finish in or around 8th place on about 55 points.
Finally , the sporting directors, i hope the club change direction and get in someone who can set a better standard.
posted on 4/2/24
99.
If you have the answers to how the club is going to successfully navigate its way out of the horrible mess it’s in, why have you posed the question in the first place? You offered none of the above in your original post and then took umbrage when it was suggested that things may not end well before coming up with a business plan in 5 minutes. That’s a very weird type of logic - or are you just looking for validation of your plan for Chelsea
The hole in your very hastily developed proposal is this - you are basing everything on the premise that your owners are going to suddenly display a level of commercial and strategical acumen that is contrary to everything we’ve seen. Unless sweeping changes are made at board level - there’s little evidence to suggest anything will be fixed
Your assumption in point 2 is also way off. Improving the clubs revenue streams through corporate sponsorship is not going to happen without a very quick return to onfield success. Chelsea are not Manchester United. They haven’t built up the global credentials to ride out years of stagnation.
Closing the gap between money in and money out during the FFP crisis I think you’re going to enter into could take 2-3 years of squad trimming and very smart recruitment. You haven’t displayed any of that.
Point 8 beggars belief and feeds into the misperception fans of big clubs have that their owners are wealthy enough to simply live with years of financial failure. More wealth doesn’t mean you’re more like to tolerate a failing business - it actually means the opposite. It means that a club like Chelsea starts impacting other successful areas of the portfolio and that won’t be tolerated in the long term.
Your point one,
The hole in your very hastily developed proposal is this - you are basing everything on the premise that your owners are going to suddenly display a level of commercial and strategical acumen that is contrary to everything we’ve seen. Unless sweeping changes are made at board level - there’s little evidence to suggest anything will be fixed
The ownership have made the board room changes, bring in a new COO last summer they have taken personally taken a back seat, as has you have eluded to it has not been a great look and will not benefit there greater portfolio management reputation.
The clubs first aim was to reduce the first 25 senior squads wage bill by 30% down from 240m p/season to 160m.
They are gradually taking the right steps to install correct oversight at the executive level.
I do actually believe the ownership have been clumsy and foolhardy with there initial involvement, doing the damage whilst TB took over as sporting director and all of the subsequent poor decisions made in the first 12 months. This is when imo the damage was done.
Despite there foolhardy approach regarding the footballing aspect, personally i would still have faith that from a finance perspective , revenue growth and so on they will add value, as finance and money is their day job.Although it will not be as strong due to the clubs current competitive ability.
Riding out stagnation, well agreed CFC are not United, but i assume that they will be happy to tick over and pay the bills as the club improves.
Closing the gap between money in and money out during the FFP crisis I think you’re going to enter into could take 2-3 years of squad trimming and very smart recruitment. You haven’t displayed any of that.
The club have actually sold over 400m worth of players as part of the 1.1 bln spend, with another 100m + of surplus, reducing the spend to / cost of / to 600m, which is not a total game over figure. It is manageable, the club did turn over 510m in the 22/23 FFP compliance report
And as i have mentioned the club have reduced the senior wage bill by 30% down 80m to 160m from 240m.
Point 8;
As i have explained these guys are wealthy enough to weather this, they might not like it, but at this point the only way prevent a catastrophic melt down, is to step back and lay off the bullish behaviour.
They have invested 2.5 bln, borrowed 500m , they are in for 3bln.
The club is more than likely today valued at in the region of 1.5 bln give or take, there poor decision making in the first 2 years has more than likely set the club valuation back 1 bln, the only way you get that back is by being considered and patient imo.
posted on 4/2/24
comment by 99 Problems (but Rodgers ain’t one) (U12353)
posted 2 hours, 18 minutes ago
The answer is they’re not. They’ll eventually sell up because they won’t be able to throw any more good money after bad and FFP will have caught up with them.
Until that happens (and it could take years) Chelsea will continue to be a mid-table train wreck for everyone else to laugh at
----------------------------------------------------------------------
Sadly this sounds a very plausible outcome
posted on 4/2/24
Oy, Oy, Of course it is a plausible outcome, it will take time, but importantly imo we will get past it.
Mid table train wreck , yeah but lets hope it will not be as painful season by season.
I think the next 2/3 seasons are going to be the crunch points, as the FFP 2012/2019 fall out is weathered.
As this squads 5/ 8 year amortization contracts become more manageable.
finally exactly how the club will trade players and maintain a upwardly mobile squad in the league is something which will be interesting to witness.
posted on 4/2/24
Ifarka - I think some of your points are very fair and you clearly have a more in depth knowledge as a Chelsea fan of the running of the club than I do.
What you could say however is that the changes that have taken place have been forced upon the club due to their gross mismanagement rather than necessarily brought about through the implementation of a long term strategic change.
Whether the ownership has truly learned the lessons to radically overhaul the running of the club and whether they are truly in it for the long term (which will include some potential serious FFP pain) remains to be seen. The considered and patient approach you speak of seems to run absolutely at odds with their appalling decision making so far
Are signs more positive recently? Yes. But they’ve been forced into a u-turn. That’s different to having the nous to navigate through what is a very turbulent period for Chelsea and the desire to go through more pain before the club stabilises. They need a return to CL football and quickly. I’m not convinced they have the patience for a rebuild
posted on 4/2/24
Whether the ownership has truly learned the lessons to radically overhaul the running of the club and whether they are truly in it for the long term (which will include some potential serious FFP pain) remains to be seen. The considered and patient approach you speak of seems to run absolutely at odds with their appalling decision making so far
Are signs more positive recently? Yes. But they’ve been forced into a u-turn. That’s different to having the nous to navigate through what is a very turbulent period for Chelsea and the desire to go through more pain before the club stabilises. They need a return to CL football and quickly. I’m not convinced they have the patience for a rebuild.
Thank you for the considered response
1st: forced into a U turn , absolutely,
2nd: Considered approach, running at odds with the appalling decision making.
Yes , it has , but even these guys at some point are going to get off the gas and be less bullish.
3; Patience, to rebuild ? ermm, they dont have alot of choice, unless they are happy to take the hit.
Return to C/L football, i personally think that is at least 3 seasons off, more like 5 as a minimum.
posted on 4/2/24
Tbh I think it's crazy for OP to assume Chelsea will just increase revenue and everything will be OK.
Revenue is tied to performance or entertainment and Chelsea aren't doing well in either area. The worry is now the club is already committed to spending large chunks of money to finance existing deals.
Football is a competition. Chelseas true fanbase is a fraction of its global one. Foreign fans are fickle and quickly change teams when the signings and wins dry up.
Boehly has shown he massively over values his own IQ. Like he'd found some cheat code oblivious to the fact that there's a reason no one does what Chelsea have 😂
Soon as a few big signings flop and want game time elsewhere, or to sit and collect the wages no other club will match, the wheels come off.
I don't know what % of chelseas signings have to work for this system to be deemed a success but they ain't anywhere near that number 😂
I think it's gonna get worse before it gets better for Chelsea fans....
posted on 4/2/24
comment by FootyMcfootfoot (U21853)
posted 4 minutes ago
Tbh I think it's crazy for OP to assume Chelsea will just increase revenue and everything will be OK.
Revenue is tied to performance or entertainment and Chelsea aren't doing well in either area. The worry is now the club is already committed to spending large chunks of money to finance existing deals.
Football is a competition. Chelseas true fanbase is a fraction of its global one. Foreign fans are fickle and quickly change teams when the signings and wins dry up.
Boehly has shown he massively over values his own IQ. Like he'd found some cheat code oblivious to the fact that there's a reason no one does what Chelsea have 😂
Soon as a few big signings flop and want game time elsewhere, or to sit and collect the wages no other club will match, the wheels come off.
I don't know what % of chelseas signings have to work for this system to be deemed a success but they ain't anywhere near that number 😂
I think it's gonna get worse before it gets better for Chelsea fans....
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Agreed
posted on 4/2/24
Footy,
Revenue increases,
TV tights are increasing for the EPL, i assume the ownership will drive the clubs popularity in the USA market and overseas in general.
Agreed about Boehlys naive approach.
I dont think the dooms day scenario regarding the long term outlook is as bleak as the current 2023/24 mid season, midtable position indicates.
The reality imo ,will be a long drawn out tedious recovery to just bring the club back to a solid top six performing side.
But nothing is guaranteed in football at this level, when you have dropped the ball as the ownership has done.
Importantly imo the ownership are extremely wealthy and the club do have a huge pool of player assets to trade.
it is for those reasons i believe that the ownership will ride this out.
posted on 4/2/24
Tbh I think it's crazy for OP to assume Chelsea will just increase revenue and everything will be OK.
In my defence, i have not suggested that increased revenue alone will be the sole remedy.
My view it is essential, and it will become easier over the next 2/3 seasons as the club settles and the amortization on the first 5/8 year contracts ease the equity remaining in players, IE, less of figure required to sell the player off at break even or to make a profit.
This summer we will see exactly what the ownership have learnt?
Will they bring in a new sporting director, who will that be.
Will they bring in a new manager , because Poch & co couldnt get this squad ticking ?
We will see what type of culture at executive level the club go into their third year with Boehly- Clearlake.
posted on 4/2/24
Manager is wrong...needs to go
After that who know's - we could seriously get liquidated after going bankrupt post relegation in two years
posted on 4/2/24
They need to try another manager now. Find out if he’s a problem because it’s pretty clear he’s not the solution at the moment so can’t get much worse and could get markedly better.
This year has been painful and without any clear signs of improvement in the players/team then next looks on course to be worse given it appears FFP will be breached, nobody is willing to pay big money for apparently bang average players and 2x punishments could be incoming next season.
Points deduction especially if that’s the punishment for both cases will make staying up the priority next season. A transfer ban would be a toothless consequence given they have effectively banned themselves from any meaningful business with the financial situation the new board have plunged you into with horrendous mismanagement and talent identification.
A real chance as it stands that Chelsea make way for Newcastle in the “big 6” over the next couple of years.
Needs a new owner or new blood running the place and for them to be incredibly astute. Both possible imo but less likely than the circus continuing.
Possible player development not mentioned but that could also be a big factor. These guys supposedly have high ceilings, maybe they do and it just needs the right manager and style.
posted on 4/2/24
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posted on 5/2/24
Hi Chopper,
I was also very surprised when the new ownership removed all the Abramovic era top tier management as quickly as they did, but inhindsight i feel it was done because of the Failed reporting between 2012 > 2019.
The Tuschel sacking was fatal, and not putting in a top notch sporting director sealed our fate imo.
posted on 5/2/24
What did we fail to report...?
posted on 5/2/24
Your not reading my posts JW are you
Boehly- Clearlake self reported accounting reporting failures under Romans tenure that occurred between 2012 > 2019 .
Payments made to players and agents.
There is not a contention of guilt as the club accept responsibility.
UEFA have already fined us in the region 10m for this transgression.
By all accounts April is the next date where the League will announce to all clubs who have outstanding issues that have assessed , what the penalties are.
Its not clear if this issue is now ready for closure by the league.?
posted on 5/2/24
Biggish, your point regarding Boehly- Clearlakes thinking, it is true as yet there is nothing concrete to suggest that their will take a dramatic & significant U turn.
Stepping back and appointing the Chief Operating Officer was a better decision to their credit.
My opinions voiced are what basic steps they could take in a common sense world.
But it is true, what is there that can give us confidence that they will start to employ more common sense.??
posted on 5/2/24
One thing , they do have 3bln reasons on the line though.
posted on 5/2/24
Comment deleted by Site Moderator
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