Chelsea sign Wesley Fofana - Official

[marcymarc666]

THOMAS TUCHEL SACKED !!

looks like Fofana has gone from one unstable club to another !

[Chelmofox]

So Fofana's mistake last night was the final nail in Tuchel's coffin.

 

Fofana has destroyed 2 managers jobs this season. Good work little snake.

[st albans fox]

fofana thought he had the run under control 

 

he expected orsic to run straight for the goal and he expected to slide tackle him before he reached the D. He was confident he would make the tackle and paced his run accordingly

 

but players at that level are good and orsic drove left to take the ball away from fofana and he was unable to affect the play - the finish was exceptional taking it so early with the outside of the foot. Wes will learn from that 

[Grey Fox]

Tuchel wanted Fofana.  Fofana's mistake cost Tuchel his job.  Poetic justice. 

[filbertway]

Fofana got the 2nd highest player rating on WhoScored yesterday out of both teams. Mason Mount messing up every time he touched the ball including missing a sitter was probably more of a contribution.

[FoxinNotts]

Just now, filbertway said:

Fofana got the 2nd highest player rating on WhoScored yesterday out of both teams. Mason Mount messing up every time he touched the ball including missing a sitter was probably more of a contribution.

Mason Mount is the most overrated English number 10!

[filbertway]

Just now, FoxinNotts said:

Mason Mount is the most overrated English number 10!

It's gonna be sickening when he gets the nod over Maddison.

[Hales]

Massive life lesson for Wes, how pressured and ruthless a club like Chelsea is

[StanSP]

1 minute ago, Hales said:

Massive life lesson for Wes, how pressured and ruthless a club like Chelsea is

 

[damolcfc]

That look on Fofanas face when Rogers announced at Chelsea Friday teatime 😆😆😆

[Sharpe's Fox]

Fofana when he realises he won't be playing in a back three anymore and will have to cover Reece James bombing forward and 78 year old Thiago Silva.

 

[StanSP]

 

 

[Paninistickers]

3 minutes ago, StanSP said:

 

 

69m then the base fee for Fofana, at a guess. 3 instalments of 23m, all payable inside a year

 

I've said it numerous times, but i find our hunger for cash - basically these are payday loansin everyday terms - slightly troublesome.  

 

 

[Osavo]

4 minutes ago, StanSP said:

 

 

Slightly concerning that we have to do this, I must say. Can have nothing to do with FFP as this won't hit the P&L.

 

Unless this is to fund January transfers, which I see as unlikely, the constant hemorrhaging of short-term debt suggests we have overstretched ourselves financially and are struggling to meet our cash requirements for wages, training ground bills, etc. 

[coolhandfox]

2 minutes ago, Paninistickers said:

69m then the base fee for Fofana, at a guess. 3 instalments of 23m, all payable inside a year

 

I've said it numerous times, but i find our hunger for cash - basically these are payday loansin everyday terms - slightly troublesome.  

 

 

This one is interesting, we didn't plan to sell Fofana, so the income wouldn't have been part of our short term financial planning.

 

The only drive I can see is want the cash available to spend in the January window.

 

I'd not uncommon for football clubs to do this with future TV money or transfer fees, but like you I find it a little worrying.

 

 

[Dusty]

Very strange to take a loan out with some of the income due in just 3 months? The only possible options are we’re having cash flow problems, extra funding for facilities/stadium or jan spending? Don’t see it being the first option but the other 2 don’t seem likely either. Interesting.

[SafewayFox]

As you’ve all said, extremely bizarre and a tiny bit concerning that we’re doing this.

 

All will be forgiven though if the benefit is reaped when we make a couple of important January signings.

 

That or Top is building a statue of Rodgers and his notebook 😜

[coolhandfox]

Dont think its cash flow, nothing will have change on that front in the last few months we have had no unplanned expenditure.

 

If it was a cash flow issue they would have know about it earlier and either took this out straight away or asked Chelsea to pay more upfront.

 

I'm pretty sure we will spend in January, the start to the season would have spooked the board.

[StanSP]

My hunch is January spending, too. Perhaps something Glover has insisted on, along with Rodgers? 

[coolhandfox]

4 minutes ago, StanSP said:

My hunch is January spending, too. Perhaps something Glover has insisted on, along with Rodgers? 

Relegation would be financial disaster for the club, nit a chance the start to the season didn't surprise the board.

 

Pretty sure the plan was to have a steady season, with reduced expenditure, with a view to waiting for the  reduction wage bill in the summer and the amount of transfer liability on the balance sheet.

 

I think they have adapted that plan due to concern about our league position.

 

Buying a couple of players for the combined cost of 30m in 5 year contracts only adds 6m liability to the yearly balance sheet.

 

Keeping in mind around 30m a year liability drops if this summer.

 

I also expect a couple of outs in perez and Vestergaard.

[st albans fox]

This is interesting- need to come back to it after January ins and outs. 
 

I haven’t been on companies house to see if the charge specifies that we’ve actually borrowed the money or simply set up the facility to draw down if required. if the latter then it’s sensible planning ahead of the window because it means we can offer a selling club a lump sum up front to reduce a fee. 
 

 

[Ecdysiast]

25 minutes ago, coolhandfox said:

 

 

If it was a cash flow issue they would have know about it earlier and either took this out straight away or asked Chelsea to pay more upfront.

 

I'm pretty sure we will spend in January, the start to the season would have spooked the board.

Dont think its cash flow, nothing will have change on that front in the last few months we have had no unplanned expenditure.... So LCFC were the only organisation in the world that foresaw a trebling of energy costs..30 % food inflation, fertilzer going through the roof, fuel charges etc???? not crying for them but not surprised they need more cash....

[Ric Flair]

Whatever the need for the funds, I can see why they are securing it now rather than waiting to take on more loans as the cost of borrowing in the short term is only going one way.

 

You'd assume it's for bringing players in in January but if we are agreeing to selling Fofana in instalments then you can assume when we make signings that we are also paying for them in instalments and as we know, player incomings are amortised over the length of their contract so it's not going to be anything to do with FFP.

 

We've booked the profit on Fofana to this years accounts and we're told we weren't considering selling Fofana or any high value asset so this on the face of it surely isn't because we are living hand to mouth and are having to juggle all sorts of credit facilities to run the club.

 

That said, those recent comments from Rodgers about how bad it was in the summer doesn't exactly leave us filled with confidence. We all know how badly Brendan reacted to not having any money to spend and it was to the detriment of the opening part of our season, which I'm still not ready to brush under the carpet as many are.

 

If there are serious financial issues though, you don't get out of that without a clean slate or a significant cash injection which can be difficult to do and utilise it. Being in the situation we are where we've players worth north of £50-60m and more, that are going to walk away for a pittance or heaven forbid on a free is just catastrophic for us if we are going to maintain our ability to compete in the top half of this relentless league. 

 

It's all hypothetical but if we are in financial trouble, then selling up is really the only viable option but would our owners ever do that and not consider it a defeat. It would be a huge dilemma for them, let's hope its nothing as drastic as that.

[Ric Flair]

16 minutes ago, st albans fox said:

This is interesting- need to come back to it after January ins and outs. 
 

I haven’t been on companies house to see if the charge specifies that we’ve actually borrowed the money or simply set up the facility to draw down if required. if the latter then it’s sensible planning ahead of the window because it means we can offer a selling club a lump sum up front to reduce a fee. 
 

 

That's a very good point, as well as securing it now given the cost of borrowing could be up even higher by the time early to late January comes.

[coolhandfox]

16 minutes ago, Ecdysiast said:

Dont think its cash flow, nothing will have change on that front in the last few months we have had no unplanned expenditure.... So LCFC were the only organisation in the world that foresaw a trebling of energy costs..30 % food inflation, fertilzer going through the roof, fuel charges etc???? not crying for them but not surprised they need more cash....

40m to cover energy and food costs?