[Football] Chelsea avoid failing FFP via loop hole

[papachris]

It's blatant cheating. The league need to say this is unacceptable.

 

[Couldn't Be Hyypia]

Was just coming on to post this. How can this be fair or within the spirit (what a joke) of the competition.

 

[El Presidente]

Premier League owners (unlike those in the EFL or under UEFA rules) rejected proposals to exclude real estate and other intra group profits. Rules are farcical and PL does not help itself in terms of its opposition to IFR by having such an anaemic rule book.

 

[singing4seagulls]

It's farcical. What's the point of having these rules if it's so simple to do some creative accounting and get past them?

 

[Uh_huh_him]

Surely this is the end of PSR?

All clubs can follow this example now.

 

[Taybha]

I'm so shocked

 

[Sarisbury Seagull]

At some point they’ll reach the same point as Barcelona and have nothing else to sell off.

 

[essbee1]

When football is run by callous, dishonest and slippery money people - this is what happens.

 

[Jim in the West]

Premier League owners (unlike those in the EFL or under UEFA rules) rejected proposals to exclude real estate and other intra group profits. Rules are farcical and PL does not help itself in terms of its opposition to IFR by having such an anaemic rule book.

Yes, but I thought there was some over-riding principle that clubs had to act in absolute good faith? I guess when you've got the likes of Chelsea and City to deal with, expecting them to do ANYTHING in good faith is a non-starter.

 

[SAC]

Premier League owners (unlike those in the EFL or under UEFA rules) rejected proposals to exclude real estate and other intra group profits. Rules are farcical and PL does not help itself in terms of its opposition to IFR by having such an anaemic rule book.

Were the names of the 9 owners who voted against closing the loophole ever published? I think we know one of them, and can guess a few, but it would be interesting to see.

 

[Hiheidi]

Surely this is the end of PSR?

All clubs can follow this example now.

It's not new though - in previous years they have sold two hotels and part of the training ground in Cobham to themselves! My only hope is that as time goes on they are running out of things to sell - although presumably this is why they only sold part of the training ground, because they plan to sell the rest to make up the deficit in coming years. Wonder if they could sell the academy?

 

[albionalba]

If there are any NSC subscribers interested in directly influencing change, DCMS is presently advertising for a Deputy Director of their Policy Unit which covers (amongst many things) football regulation. You should be able to find the role advertised on LinkedIn, closing 7th April. It will of course also cover many other interesting areas such as media, gambling, other sport, culture heritage etc but it would be great to have one of the great minds from NSC in this job!

 

[Cheggers]

I wish Chelsea and City would f#uck off to a European Super League, and soon. What is the point of being affiliated with the Premier League if your MO is developed on circumventing the rules of the game that everyone else seems to have to abide by? It is utterly underhand and disrespectful. Why be a part of a group you have absolutely no respect for? Will an independent regulator rewrite the PSR rules so that they make the 'spirit' of competition meaningful and enforceable? Because at this point, the rules are worthless. I assume some Chelsea fans are laughing at this, but it damages the integrity (lol) of the whole pyramid and professional football's long term financial sustainability. No further questions. Ffs.

 

[Garry Nelson's Left Foot]

What's the point of having rules if they can be so flimsy that something as so blatant a f*** you to them as this is is possible?

It's pathetic. Why bother with the pretense at all?

 

[happypig]

Premier League owners (unlike those in the EFL or under UEFA rules) rejected proposals to exclude real estate and other intra group profits. Rules are farcical and PL does not help itself in terms of its opposition to IFR by having such an anaemic rule book.

So any club could buy a row of lock up garages for £100k then sell them to the club's owner for £100m and show it as a profit ?
That's ridiculous.

 

[Surf's Up]

Shirley at some point they're going to run out of road

 

[Nobby Cybergoat]

What's the point of having rules if they can be so flimsy that something as so blatant a f*** you to them as this is is possible?

It's pathetic. Why bother with the pretense at all?

So you can pick and choose which clubs you get to deduct points from, of course. It's all perfectly sensible.

Forest and Everton, not too much damage there.

But you can't have a system which inhibits Chelsea from having unlimited funds in which to plunder what they want from teams like Brighton every summer, do you know how many twitter followers they've got?

 

[GloryDays]

Scum

 

[trueblue]

Premier League owners (unlike those in the EFL or under UEFA rules) rejected proposals to exclude real estate and other intra group profits. Rules are farcical and PL does not help itself in terms of its opposition to IFR by having such an anaemic rule book.

Taking advantage of your expertise if possible, do they have to sell them to themselves at a fair market value? I see they rated their women's team as the second most valuable in the world. And can they do it more than once? i.e. simply sell the hotels, team etc to another part of the company ad infinitum.

 

[El Presidente]

It’s a one time get out of jail free card for each asset

Taking advantage of your expertise if possible, do they have to sell them to themselves at a fair market value? I see they rated their women's team as the second most valuable in the world. And can they do it more than once? i.e. simply sell the hotels, team etc to another part of the company ad infinitum