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They have no ground or training ground. Their players are virtually worthless (although they did pay close to a million for a player in Jan, a world record fee).
Villa are looking to do the same thing.
A reminder that both these clubs sold a youth player to each other on the same day just before the end of the 23/24 accounting period. Chelsea sold Maatsen to Villa for about £38m and Villa sold Kellyman to Chelsea for about £19m. Chelsea booked £38m profit less 20% of the cost of Kellyman = c34m profit in last season's accounts. Villa booked 18m profit less 20% of the cost of Maatsen = c10m profit in last season's accounts.
The PL have yet to approve the valuation. UEFA have already told Chelsea to do one apparently. For context Newc were valued at 300m when the Saudi's bought a few years back.
Villa are looking to do the same thing.
A reminder that both these clubs sold a youth player to each other on the same day just before the end of the 23/24 accounting period. Chelsea sold Maatsen to Villa for about £38m and Villa sold Kellyman to Chelsea for about £19m. Chelsea booked £38m profit less 20% of the cost of Kellyman = c34m profit in last season's accounts. Villa booked 18m profit less 20% of the cost of Maatsen = c10m profit in last season's accounts.
The PL have yet to approve the valuation. UEFA have already told Chelsea to do one apparently. For context Newc were valued at 300m when the Saudi's bought a few years back.
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This all relates to the accounting period 23/24 which ended on 30 June 2024 and for which accounts have recently been filed with the PL by all clubs.
Since then (ie in 24/25 period) Chelsea bought Felix from Atletico for 46m and sold Gallagher to Atletico for 33m, again both on the same day, 20 August 2024. 33m profit on Gallagher less 20% of Felix fee = 24m profit for Chelsea in 24/25 accounts. Felix had already been at Chelsea on a 6 month loan in 22/23 and was useless.
Since then (ie in 24/25 period) Chelsea bought Felix from Atletico for 46m and sold Gallagher to Atletico for 33m, again both on the same day, 20 August 2024. 33m profit on Gallagher less 20% of Felix fee = 24m profit for Chelsea in 24/25 accounts. Felix had already been at Chelsea on a 6 month loan in 22/23 and was useless.
This an obviously some loophole, but I can’t see how it helps them out?
Chelsea receive £200m in cash. While repaying off a £200m loan at say £15m a year.
If City are going to cheat why shouldn't Chelsea?
If City are going to cheat why shouldn't Chelsea?
You can't see how 200m extra in their accounts helps them?
It turns what was in reality a 72m loss into a 128m profit in their 23/24 accounts and avoids a likely breach or points deduction next season.
It turns what was in reality a 72m loss into a 128m profit in their 23/24 accounts and avoids a likely breach or points deduction next season.
Chelsea are in negotiations with uefa.
It's just cheating, but the rules are ridiculous, and
should be about sustainability and not protection for top clubs
already stuffed full of debt.
It's just cheating, but the rules are ridiculous, and
should be about sustainability and not protection for top clubs
already stuffed full of debt.
Forgot to add that the women's team had revenues of £11m last season and operated at a loss of nearly £9m. It has no land assets and player contracts are virtually worthless.
Would you pay even 1m for a company with those figures? 1p?
Would you pay even 1m for a company with those figures? 1p?
Chelsea ladies are well placed to take advantage of revenue streams
that will likely arrive in near to mid future.
Clubs are allowed to spend on ladies teams without impacting fair play
on men's team.
But valuation is crazy, I'd expect 10-15 million would be fair value, based
upon their position in ladies game, but that's pretty speculative.
that will likely arrive in near to mid future.
Clubs are allowed to spend on ladies teams without impacting fair play
on men's team.
But valuation is crazy, I'd expect 10-15 million would be fair value, based
upon their position in ladies game, but that's pretty speculative.
I’ve no opinion on this so I defer to the posters above who seem to be experts on paying for women. 
Outrageous cooking the books.
Also sold 2 hotels to themselves.
Financial fair play only punishes smaller clubs. Everton and Forest can feel well aggrieved.
City are going to get away with flagrant cheating as well.
Also sold 2 hotels to themselves.
Financial fair play only punishes smaller clubs. Everton and Forest can feel well aggrieved.
City are going to get away with flagrant cheating as well.
Someone in the Times (I think) suggested that they are worth between 50-80m (bit of a massive range). You buy them for 50m and they are operating at a loss of nearly 10m a year. The current TV deal with BBC/Sky runs to 2030. So, you are looking at being another 50m in the hole before TV revenues increase or else reduce wages massively and become less successful. Utter bollócks valuation. No assets, only liabilities that are twice as much as current revenues. And when revenues rise, so do wages.
Maybe it will be easier for them to continue to bankroll the 6 in a row women's champions in a separate subsidiary. They won't be held back by the men's team's financial constraints
. No FFP in women's football as none of them make money.
. No FFP in women's football as none of them make money.
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