2023/24 Financials (The Club made a pre-tax loss of £19.4M for the 12-months to 30 June 2024)

[CL Fox]

13 minutes ago, st albans fox said:

Chelsea get way more rope to hang themselves and can make some bad transfer calls.  We can’t. That’s the issue imo 

I don't think other clubs think that about us....

[davieG]

2 hours ago, The Horse's Mouth said:

Tbf cooking the books and avoiding punishment has been the only thing we’ve been world class at 

Hardly world class when it has resulted in two relegations

[Finnegan]

44 minutes ago, CL Fox said:

We're getting relegated because we've spent money incredibly badly, the rules aren't great but we waste so much money. For every Chelsea there's another club that work within the rules fine - offering Connor Coady 100k a week, it is a bigger injustice than anything Chelsea have done.

 

We've wasted a decent amount of money but we also make some pretty decent transfers and find some good players when we have the room to do so. 

 

We wouldn't have signed Steve Cooper, BDCR or Jordan Ayew this season if we aren't trying to stay extremely under budget. Our entire year was defined by trying not to spend anything. 

 

Who knows what the window might have looked like with financial freedom. 

 

Like I said, anyway, the two things aren't mutually exclusive. We have made bad decisions, yes, but don't pretend for one second we're playing a fair game. 

 

[davieG]

1 minute ago, Finnegan said:

 

We've wasted a decent amount of money but we also make some pretty decent transfers and find some good players when we have the room to do so. 

 

We wouldn't have signed Steve Cooper, BDCR or Jordan Ayew this season if we aren't trying to stay extremely under budget. Our entire year was defined by trying not to spend anything. 

 

Who knows what the window might have looked like with financial freedom. 

 

Like I said, anyway, the two things aren't mutually exclusive. We have made bad decisions, yes, but don't pretend for one second we're playing a fair game. 

 

Aye all clubs make bad transfers but some are able to ride better it for all sorts of reasons many underhand ones.

 

I think our biggest failure was to continue to agree top 6 PL wages to more players than it was justified.

[ClaphamFox]

40 minutes ago, stevostadium said:

I really wish i had your optimism. You obviously know more of the rules and regulations than myself but every podcast, phone in seems to think that something will happen to us next year. Now i don't know if that is an embargo or a points deduction but Tanner said on RL last night the EFL were baying for blood.

Pipes also said that players on high wages would rather see out there contracts then go to another club on lesser wages. I think we all know who were talking about here.

IMO our only sellable assets are Hermandsen, BEK, Mavididi and possibly Winks. Also Fatawu when fit again.

To think that players like BDR and Ayew will have people come in for them is highly highly unlikely. Yes they may fancy a move to the PL but nobody in there right minds will come in for them. We will be stuck with the same old rubbish for 1 more season and will probably go down again.

No one wants to be here.

Yes, I heard Rob Tanner last night. He did indeed imply that the EFL is 'baying for blood' but he provided no details whatsoever about what the EFL can get us for and what measures they will be able to take against us. The podcasts you mention all follow the same pattern: dark hints that we're going to get 'hit hard' with something by a vengeful EFL combined with no knowledge whatsoever of exactly how this will happen.

I'm pretty sure the EFL will not be able to hit us with a transfer embargo this summer because we didn't breach for the period ending 2023-24 and we won't submit our accounts for 2024-25 to them until the autumn at the earliest. A points deduction may be possible if the PL's arbitration process against us for 2020-23 (the one we escaped on a technicality) ends up being passed onto the EFL. However, as yet it's not clear whether this will happen.

 

As for sellable assets, I disagree about BEK. I don't think we'd be able to sell him for much more than we bought him for, so selling him would have little benefit from a PSR perspective. Much better to keep him. Likewise I can't see anybody dropping big money on Fatawu until it's clear how he's recovered from his injury.

[SouthStandUpperTier]

Surely Chelsea will eventually run out of assets to sell to themselves.

 

In the meantime they should be applauded for exposing PSR as the unworkable, loophole-ridden, not-fit-for-purpose farce that it is, even if that wasn't/isn't their intention.

[messerschmitt]

5 minutes ago, ClaphamFox said:

EFL will not be able to hit us with a transfer embargo

Shame, as I honestly think it would do us a favour if we're sticking with the same decision-makers.

[The Horse's Mouth]

22 minutes ago, davieG said:

Hardly world class when it has resulted in two relegations

You a bit slow or what fella

[ClaphamFox]

3 minutes ago, messerschmitt said:

Shame, as I honestly think it would do us a favour if we're sticking with the same decision-makers.

It wouldn't.

[sylofox]

2 hours ago, Finnegan said:

 

We're all laughing but this is ****ing grotesque. 

 

On every level. 

 

We're getting relegated because rules designed to protect Chelsea and co vastly limit the money we can spend. We have owners that can afford to build one of the most advanced training facilities in the world and who consistently turn their loans in to equity yet apparently we couldn't let them spend another twenty odd million on players this year that might have kept us up for "our own good" because "sustainability."

 

Meanwhile Chelsea can make hundreds of millions of losses one year and make it back the next by sham selling their own women's team to themselves. 

 

Everyone's wound up about Man City and their dodgy sponsorship deals but time after time Chelsea have the brass ones to do shit like this, over valued back scratching sales to Saudi, selling youth players for inflated fees, selling buildings to themselves et all and just completely get away with it. 

 

****ing rank. It winds me up that the British are so apathetic about injustice being done to themselves that we'd all just have a laugh at the black humour of it instead of ****ing marching on FA HQ like we should. 

 

Edit before the inevitable apologists chime up: just because we've made bad transfer decisions it doesn't mean this isn't an enormous injustice. The two aren't mutually exclusive. 

 

The whole games corrupt.

 

Loaded financial regulations to protect the big clubs.

They will make it harder every season for the three new teams to stay up.

 

Awful officials or bent. Can't see players 3yds offside when stood inline with the back four.

 

Var officials watching something 10 times over in slow motion and still get it wrong.

 

What is to love about the great game now.

 

Even the pundits are so biased they ain't worth listening to.

 

All that and I've not even bought up the shit show that is us.

[urban.spaceman]

1 hour ago, The Horse's Mouth said:

The rules have nothing to do with our failures this season whatsoever, there’s no real injustice considering we actually broke the rules yet found a creative way of getting around it 

The rules have EVERYTHING to do with our ‘failure’ to capitalise on winning the league and our subsequent relegation in 2023. We’ve been exclusively punished for trying to compete. 

[Les-TA-Jon]

2 hours ago, The Horse's Mouth said:

The rules have nothing to do with our failures this season whatsoever, there’s no real injustice considering we actually broke the rules yet found a creative way of getting around it 

Really? 

 

Look, we've made terrible managerial appointments and some awful recruitment, never mind the big contracts for subpar players. And we've managed to get relegated twice in 3 years, whilst also breaking or coming close to breaking the rules. 

 

But you're telling me that the rules haven't impacted us? in 22/23 we were the only team in the top 5 leagues of Europe to not make a signing, as we tried to follow the rules. (We only signed Faes as a Fofana replacement, late on). 

In the summer of 2024 we hang the spectre of a points deduction hanging over us, which affected managerial prospects and potential signings. We were desperate for more defenders and a Vardy replacement and didn't get either. 

[The Horse's Mouth]

45 minutes ago, Les-TA-Jon said:

But you're telling me that the rules haven't impacted us? in 22/23 we were the only team in the top 5 leagues of Europe to not make a signing, as we tried to follow the rules. (We only signed Faes as a Fofana replacement, late on). 

In the summer of 2024 we hang the spectre of a points deduction hanging over us, which affected managerial prospects and potential signings. We were desperate for more defenders and a Vardy replacement and didn't get either. 

And we were in that position because we gambled and overpaid on players which we could only afford had we had guaranteed European football. 
 

Im no fan of PSR, I think it does promote anti competitiveness and pretty much implores you to sell academy talent. But these rules apply for every team in the 92. Villa gained champions league football without breaking these rules, Newcastle as well. It’s not like other clubs haven’t broken into the fold while playing to these rules 

 

the idea we’ve been hard done by with this set of rules as well, when we’ve actively broken them yet got away it, I think is just a bit woe is me personally. We’re in the position because of mismanaging the club from top to bottom, we’re paying Conor Coady 100 grand a week and I’m hearing “but psr have handcuffed us” like get a grip 

[Ric Flair]

1 hour ago, urban.spaceman said:

The rules have EVERYTHING to do with our ‘failure’ to capitalise on winning the league and our subsequent relegation in 2023. We’ve been exclusively punished for trying to compete. 

In our case it's a blessing in disguise. Dread to think how much additional money we'd have wasted. I think PSR should be tighter if anything for us. We should be allowed a net spend of 80 pence.

[Pliskin]

3 hours ago, Finnegan said:

 

We've wasted a decent amount of money but we also make some pretty decent transfers and find some good players when we have the room to do so. 

 

We wouldn't have signed Steve Cooper, BDCR or Jordan Ayew this season if we aren't trying to stay extremely under budget. Our entire year was defined by trying not to spend anything. 

 

Who knows what the window might have looked like with financial freedom. 

 

Like I said, anyway, the two things aren't mutually exclusive. We have made bad decisions, yes, but don't pretend for one second we're playing a fair game. 

 

And yet at face value we still spent the best part of £80m……

[Les-TA-Jon]

1 hour ago, The Horse's Mouth said:

And we were in that position because we gambled and overpaid on players which we could only afford had we had guaranteed European football. 
 

Im no fan of PSR, I think it does promote anti competitiveness and pretty much implores you to sell academy talent. But these rules apply for every team in the 92. Villa gained champions league football without breaking these rules, Newcastle as well. It’s not like other clubs haven’t broken into the fold while playing to these rules 

 

the idea we’ve been hard done by with this set of rules as well, when we’ve actively broken them yet got away it, I think is just a bit woe is me personally. We’re in the position because of mismanaging the club from top to bottom, we’re paying Conor Coady 100 grand a week and I’m hearing “but psr have handcuffed us” like get a grip 

You specifically said that the PSR rules haven't affected us though - but they simply have

 

For what it's worth, I totally agree that we've been a shambles for a long time. But I just see as a 'both things can be true at once' situation. 

 

 

[AKCJ]

4 hours ago, Finnegan said:

 

We're all laughing but this is ****ing grotesque. 

 

On every level. 

 

We're getting relegated because rules designed to protect Chelsea and co vastly limit the money we can spend. We have owners that can afford to build one of the most advanced training facilities in the world and who consistently turn their loans in to equity yet apparently we couldn't let them spend another twenty odd million on players this year that might have kept us up for "our own good" because "sustainability."

 

Meanwhile Chelsea can make hundreds of millions of losses one year and make it back the next by sham selling their own women's team to themselves. 

 

Everyone's wound up about Man City and their dodgy sponsorship deals but time after time Chelsea have the brass ones to do shit like this, over valued back scratching sales to Saudi, selling youth players for inflated fees, selling buildings to themselves et all and just completely get away with it. 

 

****ing rank. It winds me up that the British are so apathetic about injustice being done to themselves that we'd all just have a laugh at the black humour of it instead of ****ing marching on FA HQ like we should. 

 

Edit before the inevitable apologists chime up: just because we've made bad transfer decisions it doesn't mean this isn't an enormous injustice. The two aren't mutually exclusive. 

 

I genuinely don't know whether this is right or not but i'm pretty confident that things like the Hotel and Womens Team sales don't count towards PSR for Chelsea.

[st albans fox]

1 minute ago, AKCJ said:

I genuinely don't know whether this is right or not but i'm pretty confident that things like the Hotel and Womens Team sales don't count towards PSR for Chelsea.

They do 

yeah i know 

[ClaphamFox]

Just now, AKCJ said:

I genuinely don't know whether this is right or not but i'm pretty confident that things like the Hotel and Womens Team sales don't count towards PSR for Chelsea.

Most reports suggest otherwise.

[AKCJ]

45 minutes ago, Ric Flair said:

In our case it's a blessing in disguise. Dread to think how much additional money we'd have wasted. I think PSR should be tighter if anything for us. We should be allowed a net spend of 80 pence.

Completely agree.

 

It's very apparent that Top's interest in the club is waning. We'd be completley ****ed if he spent all that money and then just decided he wanted it back.

[ACF]

That Chelsea information is absolutely ****ing bonkers. 
 

We got around the rules with some proper dodgy behaviour, however we also did make good player sales, lost our manager, and have shown to limit our transfer outlay. If what they’ve done stands, we have to sell Seagrave to Ping Kower for £150m tomorrow. 

[ajthefox]

https://www.bbc.co.uk/sport/football/articles/c24q31yl0lvo

 

Quote

Sheffield Wednesday have failed to pay their players' wages for March due to cashflow problems suffered by owner Dejphon Chansiri.

The club said it was a "temporary issue" due to debts owed to the 56-year-old Thai businessman, whose family control the Thai Union Group, the world's largest producer of canned tuna.

Can we take a leaf out of Wednesday's book so this useless bunch all fvck off?

I had no idea Wednesday were funded by a tuna magnate. 

[Les-TA-Jon]

33 minutes ago, AKCJ said:

I genuinely don't know whether this is right or not but i'm pretty confident that things like the Hotel and Womens Team sales don't count towards PSR for Chelsea.

Things like infrastructure, community, women's football, youth development and depreciation of tangible fixed assets all come under "Addbacks" - which are costs you can 'ignore' when it comes to the allowable losses. 

 

Seemingly anything that is a profit, is allowed to count as a profit

[AjcW]

13 minutes ago, ajthefox said:

tuna magnate. 

That's what they call me....

 

[messerschmitt]

4 hours ago, ClaphamFox said:

It wouldn't.

you have more faith than me