@HLNinEngeland
And it will be amortized over the length of his contract. Say he signs a 5-year deal: €222m/5=€44.5m/season. Excluding wages + bonuses obv
Since we have an outside chance of qualifying for Europe next season, I decided to take a look at whether the Hotel sale would be included in UEFA's "FFP" calculations.
A certain financial expert have stated that it would be excluded, but that's not entirely accurate.
This is pretty clever from Bloom. He knows no one is going to pay RDZ release clause, and sacking him is expensive.
This also makes it easier for Bayern to hire him, and they've basically exhausted all their options. No one wants to pay big bucks to hire their 6th choice.
🗣️ Tony Bloom: "We have mutually agreed to end Roberto’s contract at a time that suits both parties allowing us the earliest opportunity to plan for next season, and Roberto plenty of time to consider his next move and his future."
So €50m+€10m is probably not that far off. Add in paying Mendes' and it's probably conservative.
That's easily £100m on Neto and Felix alone. Profitable couple of weeks for Mendes.
Joao Felix is scheduled to undergo a
#Chelsea
medical tomorrow. The fee is understood to be £42M fixed plus £4.3M in add-ons, which could make the deal eventually worth in excess of £46M.
[via
@SkySports
]
@Bassman_93
July 5th: Chelsea are confident in their pursuit of DC.
July 12th: Chelsea believe they are the frontrunners to land DC.
July 16th: Chelsea pull out of the race to sign DC.
July 17th: The Athletic: Chelsea thought the financials to sign DC didn't add up, Maresca rates RS etc.
Can't air your dirty laundry in public, and expect there to be no bad blood or repercussions.
In particular when you have very little credit in the bank.
Stop leaking like a fucking sieve.
🚨Chelsea are expected to hold additional talks with Conor Gallagher today.
They don’t want bad blood over the situation as a player with a deep connection to the club and are aware Atletico Madrid will only wait until the end of the week for an answer.
The 2 + 1 contract
Osimhen has already agreed terms with PSG according to Fab, so I imagine his wage demands will be exorbitant. Don't expect him to come to CFC on anything less than £275k/w, regardless of what the Athletic tells you.
We aren't the target demographic for this piece, btw. It's meant for others in the world of PE.
This is just Eghbali/Clearlake telling them how great they are at their jobs.
Eghbali way is not going to change. Hires deemed the wrong fit are quickly moved on. He tells those around him, better to concede a mistake has been made rather than struggle on with those who do not fit. [telegraph]
#cfc
We have 40 odd players on our books, that's different to having a (first team) squad of 40 odd players.
Pundits are conflating the two, either willingly to create drama or because they're uninformed.
First it was Mount. Next it’s going to be Con and then James. After which they’ll turn to Gusto and Palmer. Probably Enzo at some point too.
Good luck catching City, LFC and MCFC if you constantly have to sell your best players to bail you out financially.
🚨 Chelsea are preparing to sell the England internationals Reece James and Conor Gallagher this summer in an attempt to bring the club’s strained Financial Fair Play position into line. (via
@TimesSport
)
Last week Ben Jacobs, who's reliable, said that NUFC needed around £30m profit to clear PSR. Turns out the actual figure was around £60m.
Something to keep in mind when clubs(hello Clearlake) brief that they're confident of not failing.
There's a good chance Leicester genuinely upgraded their manager over the summer.
Or at the very least replaced Maresca with someone who's more suited to a team in a relegation scrap.
Rough figures but following this transfer I've got Chelsea's player amortisation costs running at £267 million per year
Or, in other words, their annual amortisation cost is more than the total revenue of every non-Big Six club in the EPL in 2022/23
If City aren't expelled or at the very least relegated then there'll be a lot of people on this platform who'll lose basically all their credibility. Now that would be kinda fun.
-CFC W is now on equal footing with CFC H(M) (and Strasbourg). You can think of it as BlueCo now owns 3 entirely separate football clubs. All under BlueCo MidCo.
More like potential sponsors aren't interested in paying CL-level money to sponsor a team that hasn't qualified for the CL since the takeover.
But you do you.
#Chelsea
are considering signing another short-term front-of-shirt sponsor with the club wary of agreeing a multi-year deal while they are out of the
#UCL
.
[via
@Matt_Law_DT
]
-Revenue from CFCW will no longer count towards PSR. CFCW generated just shy of £9m in revenue in 22/23, and the Women's game is rapidly growing. None of that growth will benefit CFC H going forward.
The rules are fine, btw. They're well-grounded from an accounting POV. L
They have chosen to run the club in a certain way and it's purely a Chelsea "problem" as a consequence of that. Player trading is absolutely key to their project.
If you're anti McKenna then I don't get why you should be pro Amorim. It's not like Primeira Liga is a step above C'ship in terms of quality. In terms of relative team strength I'd argue that McKenna's work at Ipswich is much more impressive.
Not saying I'd be against Amorim,
1. S'bourg can't afford to spend £6-7m+ on multiple speculative signings.
2. Any transfer between S'bourg and CFC will be subject to APT checks from the PL. Any transfer will have to be done at "FMV".
3. UEFA tightened their rules, Utd can't sign players from Nice etc.
I'd be surprised if Madueke is still a CFC a year from now.
He was signed for £28.5m on a 7.5y deal back in january.
He'll have a NVB of around £23m next summer(napkin math), flip him for £35m and book a £12m profit. Rinse and repeat 123 times.
I'm happy for Con. AM is a big club with a world-class manager. An upgrade on CFC in key areas. Totally worth £33m Inc add-ons.
As for CFC, it's not great. Fee is low, and that's a consequence of all that's happened in the last 18mths
It's a sale purely for financial reasons.
NB: Any profit from an intra-group sale will be eliminated in BlueCo 22 ltd's accounts on consolidation.
Think of it as a family that's worth £100. If Behdad gives £10 to his brother Todd, Todd is £10 richer, Behdad is £10 poorer, but the family is still worth £100.
🔵🇧🇷 Chelsea are working to review all contracts for Estevão Willian deal and get it signed by the end of this week.
Club focused on new manager but
#CFC
delegation on it in Brazil to get €65m package deal sealed with Palmeiras.
Verbal agreement, in place since last week.
Chelsea will book an immediate profit of £34m from selling Con. Con was reportedly earning around £70k/w, or around £4.2m på inc NIC.
If we pay around £42.5m ex add-ons for JF + pay him a conservative £125k/w then he'll cost CFC around £16m pa.
So the actual "profit" from this
Around £45m of the £404m is related to managerial changes (TT out, Potter in and out), so if they've "only" managed to cut it by a further £55m then that's a little disappointing.
IF they've managed to cut the wage bill by £100m after excluding the £45m mentioned above, then I'd
🚨💷 According to Chelsea insiders, they slashed around £100m per year from the wage bill.
This ballooned to a record £404m in the accounts for the 2022–23 season. It has also been accompanied by a rapid slide down and subsequent recovery up the PL table.
(
@TheAthleticFC
)
#CFC
No one really knows his NBV as he was (highly likely) impaired back in 21/22.
So good luck figuring out how much this'll save CFC in amortisation and whether we'll make a profit on the sale.
If I had guess I'd say his NBV now is around £22-25m, his yearly amortisation 1/2 of
@SwedishRumble
Cash is expensive these days, high interest rates. Football clubs aren't exactly getting the best rates either, high risk premiums.
No one can afford to pay it all upfront, you get protracted negotiations as a consequence. Clubs have to get creative.
It's a buyer's market.
£20m + £5m + £30m + £14m + £8.5m + £16m ≈ £95m spent so far this window.
Add another £20m for Jörgensen, and £40m for a ST/LW and we're at £155m. £155/5 = £31m. 📈
🚨🔵 Aaron Anselmino to Chelsea, here we go! Deal just completed for 2005 born Argentinian CB.
Details sorted with Boca Juniors, Chelsea will pay package in excess of $20m.
Anselmino will travel to UK on Monday.
He’s staying at Boca Juniors on loan at least until January. 🇦🇷
At least they're mentioning that they have an option to buy him. No mention of that from Chelsea.
Can't recognise any sale now, we'll just have to wait and see.
We are pleased to announce the signing of England U21 defender Bashir Humphreys on a season-long loan deal with an option to buy from Chelsea.
Welcome to Burnley, Bashir 🤝
At least it'll be easier to flip a £800k signing for (actual) profit than a £10m+ one.
My biggest gripe with the player trading model so far is that we have done too many expensive speculative signings.
Accumulating talent is easy, developing them is hard.
Based on the table through MD37 and finalized TV selections for MD38, attached are (as it stands) estimated PL distributions by club for 2023/24. The column on the far right provides the estimated year-over-year change in PL income.
🚨🔴⚪️ Understand Atlético Madrid held positive talks with Conor Gallagher today!
Chelsea and Atlético are working to get his green light, all parties confident but there are still some details to clarify.
Chelsea would get €40m fee and they hope to get it done soon. ⏳🏴
This was part of their plan all along, it's not a knee jerk reaction to PSR.
The timing and the crystallising of gains are due to our PSR issues, but they would have gone through with the intra-group sales/transfers at some point regardless.
@JakeFCohen
@David_Ornstein
That’s not entirely correct, add-ons are treated as contingent consideration, “only” £100m will initially be capitalised.
PL: £12.5m
UEFA: £20m
Add-ons are usually fully expensed in the year they arise, rather than added to transfer fee and amortised from when they arise.
TT og Conte får sikkert en kamps karentene og en bot, det gjør og begge klubbene. Det FA bør tenke på, som de garantert ikke gjør, er hvorfor det skjer. Hadde Taylor (og tildels VAR) gjort jobben sin så hadde man unngått alt bråket. Det er Taylor sin inkompetanse som har skylden.
They gave the guy who recommended Sanchez a promotion so of course Sanchez is going to stay.
I'll be very surprised if he isn't our starting GK next season.
🚨🔵 Understand Chelsea are ready to sell Trevoh Chalobah for £30/35m.
#CFC
believe they have depth in the CD and RB position; difficult decision not to call him for US tour but plan clear.
3 Premier League clubs plus clubs playing in European football made initial contact.
I'm happy for Con, I think AM is an exciting opportunity for him. CL-ball, world-class manager, big club, great city. An upgrade in many ways.
We were never going to get £45m this summer so €35-40m sounds about right.
🚨🔴⚪️ EXCLUSIVE: Atlético Madrid and Chelsea are now in direct talks for Conor Gallagher deal.
Negotiations underway for package worth around €35/40m add-ons included, requested by Chelsea.
Gallagher, on top of Atlético list as revealed in May — now getting closer.
🚨🔴⚪️ Julián Álvarez to Atlético Madrid, here we go! Deal in place for €75m fixed fee plus €20m add-ons.
Julián has ACCEPTED the proposal for five year deal after talks with agent Hidalgo today.
Man City signed Julián for £14m and he’s now record sale for €95m package.
-BlueCo will now look for investors who'll buy a minority stake in CFCW. New shares will be issued to these third party investors who'll co-own CFCW alongside BlueCo MidCo. BlueCo will retain majority control.
And here we were told that inserting a penalty fee of £4m was the work of geniuses. His failed loan has reduced his market value by more than that.
Could've gotten £30m+ for him 2 years ago, now the best we can likely hope for is £20m + a sell-on.
He was very unfortunate to get
Armando Broja not short of suitors, but most hoping to pay a maximum of £20m. Broja’s value has dropped after barely playing for Fulham, who are not one of the suitors.🇦🇱
🚨🔵 Bashir Humphreys will leave Chelsea in the coming days either on loan or permanent.
Leeds United and Burnley among clubs showing concrete interest, Bundesliga clubs also keen as England U21 international will try new chapter.
As it stands, Chelsea prefer a sale.
🚨🔵 Understand Romelu Lukaku and Napoli are getting closer. Official bid on the table.
Club to club talks now into key stages as Chelsea decision is clear: Lukaku and Osimhen, SEPARATE topics.
Full focus on selling Lukaku, then Osimhen story eventually for final days.
Exclusive: Alex Matos is nearing an exit from Chelsea. Most likely option currently is a permanent exit abroad. The 2 clubs leading the race are RC Lens and RC Strasbourg.
Lens is the players’ preferred destination, but they are yet to agree a fee with Chelsea.
Lingard er ikke verdensklasse, ei heller er han spektakulær å se på, men føler han stadig blir en viktigere brikke for United. Gir alltid 100% og har tatt steg denne sesongen, han klager heller aldri og er en viktig bidragsyter utenfor banen etter hva jeg har lest. Undervurdert.
Up to £200k/w, but from a CFC source so make of that what you want.
Also, that's probably less than what our best paid midfielders expect to earn per week. They're all on more than what Capology tells you.
PFA chief executive Maheta Molango has described the loophole that encourages academy products to be sold in order to balance clubs’ books as ‘nonsensical’ and called for a change to the Premier League’s rules.
Story:
@ed_aarons
In short -
- Chelsea sell Gallagher for a large fee and book it as 'pure profit'
- Chelsea buy Félix for an equivalent fee, amortised on incoming books over 5 years.
- Both Chelsea and ATM book-value large profits on players.