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Football Finance

The thing is with ET, Tamworth will have a better chance of going through (albeit slim) than they would the possiblity or a replay.

So whilst they would've cherished a replay back in London, it isn't all upsides.

Depending on the draw, a couple million in their accounts for the replay might be more valuable to them than going through.
 
Every time I see Caicedo play I feel like I'm watching someone whose primary talent is to be quick enough to catch opposition players and kick them up the arse without getting sent off for it (possibly because he has an undeserved reputation as being more of a footballer than he actually is). I wanted him last summer, I'm glad we didn't get him now.
And on the point of the wider project, what this list highlights is the downside risk of their project. I'm sure all of these guys will be on decent wages-you just can't buy a player for that kind of money without paying him good money. There are some big under-performers in there, some crocks and a player who might be about to get a 2+ year ban for doping. And they're mostly on 7-year contracts.
Incidentally, assuming Mudryk's control sample tests positive, they'll be in their rights not to pay him, but if they bin him off they're taking a £50m write-off. Even if they don't, they'll probably still have a massive financial hit.
There's another tier below this top 10 where they have some good players (e.g. Palmer, who is exceptional, Madueke who is more than decent, Gusto and Jackson who is still a bit raw but might make it). Some of those guys are probably out-performing their wage levels, but Palmer has already had a new contract. That's the folly of the scheme. If a player is out-performing his wage bracket, you will have to give him a new deal on better wages or he'll be off-ski. The idea that he will sit tight on low money under a 7-year deal because he has to is for the birds. By contrast, a player who turns to shit is going to happily sit there and take the money until his deal runs down, or else you'll have to pay him off to move on.
In short, their genius plan, if that is really what the plan is, doesn't work.
Will they be off-ski though? They've got them tied into such long terms deals that even if they out-perform their current deal they still probably have 4-5 years left on their deal. The club have them by the short and curlys
 
Will they be off-ski though? They've got them tied into such long terms deals that even if they out-perform their current deal they still probably have 4-5 years left on their deal. The club have them by the short and curlys
Remember when we didn't want to sell Sterling and Mascherano?
 
Leaving LFC when it's not the club's idea rarely if ever does work out. I'm far from convinced it'll work out for TAA if he does go this summer.

Agree - Real are in a mess and there’s going to be a bit of turmoil - can’t see Ancelotti being there next season - be doing well to make to the end of this one.
 
I still can't believe Chelsea are going to get away with selling there assets to a related party, and getting around PSR again.

So dodge.

I have no problem with them splitting the entity. But the sale of the assets shouldn't be able to be recognised.
 
What happened to the MCO model they hired Edwards for? We were supposed to have bid €1 for Bordeux but taking on €100m of debt.
Not sure why the rich haven't flocked to buy clubs in Belgium and the Netherlands. When they combine the leagues the TV deal will be very lucrative
 
What happened to the MCO model they hired Edwards for? We were supposed to have bid €1 for Bordeux but taking on €100m of debt.
Not sure why the rich haven't flocked to buy clubs in Belgium and the Netherlands. When they combine the leagues the TV deal will be very lucrative
I think Edwards may have had his fingers burnt a bit by the Bordeaux experience. I don't think we'll be going in on anything that speculative - it will need to be a well-run club that won't need lots of time investment. It may take a bit longer to find one like that. It's easy to find a basket case.
And I'm pretty sure the Belgium / Netherlands league isn't happening. The Dutch pulled out of the original proposal in 2022, I suspect mainly because the bottom half Dutch clubs didn't much fancy the idea of being put into a second tier with the bottom half clubs from Belgium, thus removing lots of the games their fans care about (Ajax, Feyenoord, PSV) and replacing them with games against lesser-known Belgian sides.
It's like Rangers and Celtic joining the English league. Sure, their fans would be totally up for it but it would shaft the Scottish teams left behind and most English sides won't be up for it, especially with all the extra policing costs they'd have to incur when the Glasgow clubs came to town and, for the teams at the bottom, the prospect of a couple of extra relegations to make way for the two best teams in a farmers' league.
 
Everton still have a technical issue on interest charges that was left hanging in their last case. They should be on the list tomorrow, if only to close that one down.
Others at risk:
Chelsea (PL may explore challenging their intra-group asset sales)
Newcastle
Villa
Leicester
Forest
Some of those clubs were involved in what looked like over-priced sales to get around PSR and the PL could look into that.
Clubs that are safe:
Us, City (LOL), Spurs, West Ham, Bournemouth, Brighton, Palace, Brentford.
Others that could be in trouble if their 2024 results were worse than 2023 - United, Arsenal, Wolves, Fulham.
I suspect all these clubs will have made filings which suggest there are no problems. It will be interesting to see what the PL's appetite is for digging under the surface.
Popcorn at the ready.
 
Came here to share this.

Can we expect any more points deductions?

Would be major LOL if Forest were given one ahead of our match
Points deductions would follow on from a hearing, so it will be a couple of months before that would happen (with an expedited process designed to complete, including hearing any appeal) before the end of the season. All that would happen tomorrow is clubs being put on the naughty list.
 
Everton still have a technical issue on interest charges that was left hanging in their last case. They should be on the list tomorrow, if only to close that one down.
Others at risk:
Chelsea (PL may explore challenging their intra-group asset sales)
Newcastle
Villa
Leicester
Forest
Some of those clubs were involved in what looked like over-priced sales to get around PSR and the PL could look into that.
Clubs that are safe:
Us, City (LOL), Spurs, West Ham, Bournemouth, Brighton, Palace, Brentford.
Others that could be in trouble if their 2024 results were worse than 2023 - United, Arsenal, Wolves, Fulham.
I suspect all these clubs will have made filings which suggest there are no problems. It will be interesting to see what the PL's appetite is for digging under the surface.
Popcorn at the ready.

Do you really think the PL will challenge their intra group sale now? It'll have been given the green light. It reeks to high heaven of similar things that City have been doing.
 
Everton still have a technical issue on interest charges that was left hanging in their last case. They should be on the list tomorrow, if only to close that one down.
Others at risk:
Chelsea (PL may explore challenging their intra-group asset sales)
Newcastle
Villa
Leicester
Forest
Some of those clubs were involved in what looked like over-priced sales to get around PSR and the PL could look into that.
Clubs that are safe:
Us, City (LOL), Spurs, West Ham, Bournemouth, Brighton, Palace, Brentford.
Others that could be in trouble if their 2024 results were worse than 2023 - United, Arsenal, Wolves, Fulham.
I suspect all these clubs will have made filings which suggest there are no problems. It will be interesting to see what the PL's appetite is for digging under the surface.
Popcorn at the ready.

On that Overlap show, they said the clubs being charged don't play in red.
 
Do you really think the PL will challenge their intra group sale now? It'll have been given the green light. It reeks to high heaven of similar things that City have been doing.
I'm not sure whether they'll have the appetite. Going against it, their review held that the valuation of the car parks and hotels was OK, which I thought it would be, and the other clubs declined to update the rules to prohibit the practice.
On the other hand, UEFA ruled against City on this historically, even though the rules didn't prohibit it. Furthermore, if there are other clubs that get charged because they didn't pull this shit (and have lower losses than Chelsea would have) then they'll be livid, and rightly so.
EDIT
The hotels and car parks were in the 2023 results, we don't yet know what shit they've pulled in 2024. And the PL may choose now to charge them on historic rule-breaking from the Abramovich era (which Chelsea have self-reported).
 
Considering City are refusing to cooperate how can they be safe?
They’re safe under this process. In fact, they won’t even have had to file accounts - it’s only clubs with losses over the last 2 years that are part of this process. If they lose in 115/130 then it will likely extend to the current period.
Obviously I believe their accounts are bullshit, and I’m sure the PL does too, but for this process they will pretend all is well and rely on the on-going case to correct that.
 
Looks like the football clubs have been buying expensive accountants to get around various loop holes. Do you think the rules will evolve to block any dubious activities (e.g. the share purchases designed to write off debt interest (is that describing it correctly))?
 

All clubs compliant with PSR

Following Eddie Howe's quotes on profit and sustainability, we are now hearing that all clubs are compliant with the Premier League rules for the period including the 2023-24 accounts.
 
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