Could you imagine the state of the Fume if this happened?
Chelsea Fucked?
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Could you imagine the state of the Fume if this happened?
Following from @Beamrider 's post, here's a fascinating, BR-like Analysis of Chelsea's finances
Of particular interest, Chelsea was the largest loss-making team in 2021, with a loss of 156 million.
Of particular interest, Chelsea was the largest loss-making team in 2021, with a loss of 156 million.
I'd almost prefer to win the league this way, just to see the Fume go so apoplectic they end up giving themselves aneurysms
Please god, just so I can see the fume thread on it
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Merged and set myself as thread starter
Can e tempt @momoWASboss back by letting him go drop that little nugget into the fume and observe the results
@The Nomad @jon545660 is correct (I assume). I was surprised there wasn't a thread so started one. Didn't realise I couldn't see threads created by people on ignore
Thanks for the tidy up @Mystic
I need to see this rumour doing the rounds on there
Oooooh...actually I don't know you know...maybe watch them get all worked up over this, totally losing their shit as they realise the inevitable outcome, spluttering with rage as they complain about how unfair it all is. And then we rack up enough points that we would've beaten them anyway.
That might be even sweeter!
Chelsea have a fans groups that owns the freehold of the pitch.
Possibly makes a challenge to who can buy.
https://www.chelseafc.com/en/cpo
Possibly makes a challenge to who can buy.
https://www.chelseafc.com/en/cpo
Didn’t stop Abramovich buying it though? You’d think that if it was a choice between their club going bust or selling their freehold then they would probably go with the latter option, but who knows.
Been offline all afternoon.
If a club becomes insolvent, they will be suspended by the league and barred from playing games.
PL rules then say “For the purposes of the League competition, the Board shall have power to determine how the cancellation of a League Match caused by the suspension of one of the Clubs which should have participated in it shall be treated.”
This sounds like Pools Panel verdict for games not played rather than cancelling all results but can you imagine the shit fight if they did that and someone gets relegated (Brentford, Newcastle, Leeds, Everton, Watford) still have to play them) as a result, or misses out on Europe (Wolves, West Ham). It will end up in court, so cancellation of all results seems fairer. NB rules don’t explicitly say previous results still stand.
So strict application of the rules says this probably wouldn’t happen, but if any decisions get appealed to PL commission then all bets are off. So I think we should proceed on the basis this is the most likely outcome and start winding up City asap.
Chelsea is not profitable. They would need to totally change their business model to become a viable concern.
Best thing for creditors would be to try to set aside Abramovich’s right to repayment (not sure that would be possible) and dissolve the thing.
I think a sale or insolvency process is the only way they survive.
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is that the rules?
I’ve posted in more detail further up the thread - it doesn’t look like the intended outcome per the rules but I do think it’s possible, perhaps unlikely. Shouldn’t stop us winding up City.
So it's official ... Chelsea join Man City in not being able to sell tickets
that’s an asterisk I’d be very interested in
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