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Which of Chelsea players are going to give up thier European footballing careers where they are young millionaires in one of the world's greatest cities, to play in a hot sand box.just so Chelsea can claim to have passed ffp.
The agents anint going to have that
Thiago Silva
Yeah, it's a red herring looking above the Club.
I think what is interesting is understanding what new signings and players sold have been booked in what accounting year. (Have you noticed also that the vast majority of accounts this year are late being filed on Companies House? Many of the accounts having been signed off months beforehand, everyone is dancing on a hot tin roof doing everything they can to hide how desperate they are to meet PSR.
So it's now confirmed they spent £1.2b on players across 2 financial years (£745m (before 30 June 2023) plus £455m (post 30 June 2023):
£142.2m player trading profit in 22/23 which means an operating loss of more than £230m!!! In order to pass 23/24 PSR they need to sell big time!! It's important to understand they need sales approaching £200m PROFIT (not gross).
fyi I understand all clubs need to send copies of audited accounts to PL in December for the accounting period covering the previous season.
So for Spurs that means sending the year ended 30 June 2023 accounts to PL in December 2023, and accounts are usually signed in early December ........... but the accounts do NOT have to be filed at Companies House until 31 March 2024 ......... and we are still waiting for them to be released (although Deloittes have been given the headlines if not the accounts for their year book which was published in Jan 2024).
So I don't think think the filing date has much to do with the Profit and Sustainability tests, I think its just everyone filing things where its made public at the last possible date - remembering PL has already had them since December and has probably spent the last couple of months looking in detail and asking questions of the clubs who look as if they are close to an ffp problem.
Riyadh Air are owned by PIF.
I appreciate the same sponsor can be affiliated to different clubs but seems (to me) strange that one that owns Newcastle would consider sponsoring a direct mid-table rival.
Although Sugar getting HP to sponsor us, given he owned Amstrad was very Sugar-like.
Here’s the article
Ownership structure explained at the bottom and who has put in what probably explains why it’s such a mess there behind the scenes.
Nothing their fans say or do will ever change that their former owner that they love and adore helped get Putin into power.
A man now committing war crimes.
Will always detest this club with all of my being.
A man now committing war crimes.
Will always detest this club with all of my being.
Yes, this is my take. The delay in filing them at Companies House is to hide them from other football clubs, their negotiation position becomes crystal clear if their accounts show that they need to sell players to meet PSR. e.g Gallagher Spurs (and no doubt other Clubs) see it as an opportunity to knock 10's of millions of the price because they are desperate to raise the case by 'X' date.
And the UK committed war crimes in the middle east.
I get the feeling in the coming years there won't be much that ISN'T owned by PIF.
I can understand not filing accounts at Companies House until the end of the winter transfer windows, but I think the last windows in places like Turkiye closed in mid February, so the need for any form of commercial confidentiality is now well past.
Cool.
No one at THFC put the people responsible into power.
Democracy v dictatorial communism.
Let's hope Tony Blair doesn't rock up to the Premier League trying to lead a takeover then we'll be in real trouble.
They can always not file them and take the penalty hit. It isn’t exactly a huge fine from the HMRC.
"Since childhood, Blair has been a fan of Newcastle United football club."
......Saudi merger incoming? : P
But yeh... They go way back.....
Tony Blair Institute continued taking money from Saudi Arabia after Khashoggi murder
Blair defends continuing partnership with kingdom despite ‘anxieties’ after 2018 assassination of journalist
www.theguardian.com
Al-Yamamah arms deal - Wikipedia
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