With Chelsea in debt by £2 billion the only tangible assets are the players and the Stadium. Even if they sold the stadium and the entire squad they wouldn't have enough left to pay back their debt. The accounts on registered on Companies House are scary.
Roman Abramovich plans to sell Chelsea | SOLD for £4.25BN
- Thread starter Ali Dia
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In the latest episode of the United Hour Podcast, Nik @Rood and Imran @Annihilate Now! start with the good news by celebrating Manchester United Women's emphatic FA Cup win over Spurs at Wembley and the future of manager Marc Skinner.
Then it's the bad news and the ever worsening form of our Men with losses to Arsenal and Palace.
Finally the main debate - ETH Out now or keep him until the end of the season - if not longer. Are you Team Nik or Team Imran?
How would they have known Russia will invade Ukraine later ?
Maybe Eddie and Glazers can sink another club into debt???
Give the man a statue and permanent box seat at the bridge. Such sad news.
17m quid in cash
the Oligarch's are worried, their net wealth is plummeting and they're all looking to liquidate assets before they get taken off them
someone is gonna get Chelsea on the cheap, but Chelsea could end up in big debt here if Roman doesn't write off the loan
someone is gonna get Chelsea on the cheap, but Chelsea could end up in big debt here if Roman doesn't write off the loan
And I repeat, why exactly, from a business perspective, would Chelsea be a better buy than Newcastle?
If Roman sold due to Ukraine and Saudi came in and bought it the uproar would be something the U.K. gov can do without as they arm the Saudis.
I’d imagine both the Saudis and U.K. gov are happy the Saudis have already bought whatever they wanted.
As said he’s failed to come out strongly against the war and seems to be trying to sell the club now as he’s expecting to be sanctioned and have his assets frozen/seized.
When he does “broker peace” (despite many of you saying he’s not politically attached the other day
) and when he does give some of his personal wealth directly to a Ukrainian based charity I will believe it.Right now it just looks like PR spin by a man desperately trying to get away.
Better position on the pitch and with a better set up behind the scenes. Chelsea is more attractive to players.You could take over Chelsea in the morning and Id reckon the club would run smoothly regardless. You dont need to massively overhaul everything like you do with Newcastle.
About the only thing Newcastle have thats more attractive is their stadium.
He’s not though. He’ll sell the club for >£1.5 billion and the debt will be repaid in full.
These are money men, this is devastating them financially. Maybe they know people who could do the world a favour..
There is a massive disparity in terms of infrastructure and profile between the clubs. I think your point stands if the aim is to rescue a distressed asset, but for a buyer for whom profit isn't the main objective Chelsea are orders of magnitude more appealing.
We should buy them. Make them a feeder club.
Would run smoothly? They are operating in debt.
Curious to see who or what is willing to buy an established club like Chelsea.
£4000 in held cash according to the most recent accounts. Where did you get the 17m figure from. Even if they had 17m in cash wouldn't even cover the clubs monthly wage bill.
This a joke?
Already happened. Lebron James has a stake in Liverpool with FSG.
You could bring a club like Newcastle up to Chelsea's level on and off the pitch in 4 years for a fraction of the price. They've even already got a bigger stadium. I don't see how buying Chelsea (or any elite club) is more attractive than buying something smaller and building them up if you have the funds to put into said club. That "massive overhaul" is still cheaper than buying a club for billions and operating in debt.
Who's buying clubs in the top 2 divisions for passion projects? Who's spending billions and not looking for a return?
Was just thinking this. Where does this leave them now FFP wise?
Established success, champions league team, london
Well, Abramovich for one. Or any other buyers whose focus is on sportswashing as opposed to making profit - aka the Saudis. Who I believe your initial query was regarding...?
I do agree that the equation changes significantly for someone who's looking to invest in the league - i.e. most rich Americans. But if it's a matter of who the Saudis would prefer to buy, I don't think there's an argument that Chelsea are a more attractive proposition than Newcastle.
Ken Bates still going? Get him and Ridsdale on it whilst being propped up by Mike Ashley and everyone's a winner
We're still pretty comfortable given the way FFP is structured - because it's assessed over a 3 year period and COVID losses can be disregarded, we shouldn't have any problems. It's not like we're Man City relying on made-up bogus sponsorship deals to artificially inflate our revenue, to be fair.
Someone is gonna get a bargain if they have the patience to wait long enough.
The moral grandstanding around this has been equal parts hilarious and nauseating.
Yea didn’t he convert his debt into share capital some time ago?
We can have a whip round
Feck that oil club. Despicable. Ruining football. Proper football clubs like us and Liverpool should win the CL.
Absolutely. Chelsea forum are dreading getting a Glazers/Kroenke.
Yeah but having a rich owner allowed you to spend your entire FFP on players. You have to save money now, actually pay other bills with that income.
It’s why we can’t go out every summer and spend 300m odd without blinking an eye
As per usual I agree with you mate!
That's a fair point - but I don't think we are currently carrying too many expenses that don't count for FFP. Historically this has been dominated by paying off sacked managers and things like investing in the training ground. At this point though, we're not paying off anyone and our infrastructure is more or less world class at all levels - so don't think this applies.
Where do you think Roman made his billions?
Your dad hasn't apologies for impregnating your mother, piers. Fix up.
Can't claim definitively to speak for @WeePat but I'm all but certain that was sarcasm, mate
I think you are clinging on to some serious hopium there. No doubt the drop off won’t be instant, but it will gradually fall off starting with investment in players. You’ll no longer have the benefit of Romans ambition of just splashing out £100m on the likes of Lukaku to solve a major problem. The gradual decline is what will push you to the point where we are right now. The difference is the Utd owners will keep spending silly money which the club generates itself in order to stay up there. Chelsea just won’t generate those revenues to allow themselves the capacity to spend in the same manner.
