Mr Popodopolous Posted March 31 Report Share Posted March 31 Reports that both James and Gallagher could be sold to clear their FFP deficit. Whether that also is separate to other such as Broja etc. Quote Link to comment Share on other sites More sharing options...
Roger Red Hat Posted March 31 Author Report Share Posted March 31 Just now, Mr Popodopolous said: Reports that both James and Gallagher could be sold to clear their FFP deficit. Whether that also is separate to other such as Broja etc. Why would anyone risk buying James. Very good player but always injured. Quote Link to comment Share on other sites More sharing options...
Maltshoveller Posted March 31 Report Share Posted March 31 14 minutes ago, Mr Popodopolous said: Reports that both James and Gallagher could be sold to clear their FFP deficit. Whether that also is separate to other such as Broja etc. Yeah need to be sold before 30th June Every other club knows this so will have no need to give full asking price until July 1 Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted March 31 Report Share Posted March 31 (edited) 37 minutes ago, Maltshoveller said: Yeah need to be sold before 30th June Every other club knows this so will have no need to give full asking price until July The PL still need to improve their system in some ways. If I was an enterprising a reckless club owner I could disregard the 30th June deadline, take a points hit and spend in July, August while gambling that the £10m overspend or £20-25m overspend whatever could be offset by the new talent. Unlike the Football League the Premier League appear not to impose soft (or not so soft) Embargoes on the strength of the submissions. It is all about December 31st. Whereas in the Football League at best if you are over in your Forecast you get a Soft Embargo in March and you have until the end of your Reporting Period to put it right or it crystalises into a Full Embargo and a referral for deductions etc. Back to the PL workaround, look to sell them either Summer post June for the best price or by Summer the following year to avoid Breach Number 2. I suppose the counter balance is you could get absolutely hammered as every case is judged differently and there is no Fixed Tariff...literally a different Commission may see it differently. Edited March 31 by Mr Popodopolous Quote Link to comment Share on other sites More sharing options...
Street red Posted March 31 Report Share Posted March 31 5 hours ago, Roger Red Hat said: Why would anyone risk buying James. Very good player but always injured. Sounds like our sort of player 2 Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted April 1 Report Share Posted April 1 22 hours ago, Roger Red Hat said: Why would anyone risk buying James. Very good player but always injured. Chelsea want £60m for James as per reports but then Boehly has a certain optimism bias... 1 Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted April 13 Report Share Posted April 13 One very notable item in Chelsea Accounts... "Profit on Disposal of Fixed Assets". This caused a great deal of issues in the Football League... UEFA rules certainly aren't inclusive of such transactions. Do these items merit some scrutiny too? Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted May 13 Report Share Posted May 13 Talk that Chelsea may once again be selling or selling and leasing back- this time in respect of Cobham (Training Ground). Quote Link to comment Share on other sites More sharing options...
W-S-M Seagull Posted May 13 Report Share Posted May 13 On 13/04/2024 at 09:33, Mr Popodopolous said: One very notable item in Chelsea Accounts... "Profit on Disposal of Fixed Assets". This caused a great deal of issues in the Football League... UEFA rules certainly aren't inclusive of such transactions. Do these items merit some scrutiny too? Is that for the hotel that they sold but have retained the management of and keeping all the profits from? Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted May 13 Report Share Posted May 13 15 minutes ago, W-S-M Seagull said: Is that for the hotel that they sold but have retained the management of and keeping all the profits from? It is, something car park related too. On that point, I don't see how they fan have their cake and eat it.. A) If they sell but still want the revenue, Commercial Lease? Sale and leaseback basically. B) If they want to sell it, sure bank a profit and derecognise the asset(s) from the Balance Sheet..but that cannot then be Revenue Less costs in the entity accounts. C) If they sell it from one to the other e.g. say Ashton Gate Limited sold an added to Bristol City FC Limited it would have to cancel out at the Group level. The individual subsidiary accounts would show it but the Group Accounts not. Then there is the debate about whether it is Fair Value which can prove to be material for FFP. Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted May 14 Report Share Posted May 14 You might be interested in this @W-S-M Seagull (and anyone else who vaguely follows this stuff). Had they closed the loophole in unision with the Football League as we emerged from Covid this would be so moot. Quote Link to comment Share on other sites More sharing options...
downendcity Posted May 14 Report Share Posted May 14 Chelsea's chief exec speaks about their position re ffp Quote Link to comment Share on other sites More sharing options...
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