Premier League 2021-22

[RedHand88]

How does the debt write off square up with FFP? Surely breaking some rules?

[shark]

How does the debt write off square up with FFP? Surely breaking some rules?

I don't see how. Most owners donate their money at the time of spending, rather than loaning it. This is just a delayed donation. The money spent on players was already spent. A significant amount of it prior to FFP even existing.

[Norf Tyrone]

His ownership made Chelsea into a Titan of European football. They were little more than an Everton or Spurs when he bought them. He transformed club football in Europe too, the first club to really pour big money into the game. Whilst he lead the way it's probably naive to say he's to blame for the commercialisation of football and the erosion of the traditional football landscape. He was a part of it surely but it was just a matter of time before big business realised they could manipulate football to their own ends. Look how rugby is now inthralled to venture capitalists and hedge funds.

It all started when Liverpool, Man Utd, Spurs, Everton and Arsenal all wanted a bigger slice of TV Money and threatened a break away that eventually became the Premier League. They wanted a better product.

[Hound]

How does the debt write off square up with FFP? Surely breaking some rules?

I don't see how. Most owners donate their money at the time of spending, rather than loaning it. This is just a delayed donation. The money spent on players was already spent. A significant amount of it prior to FFP even existing.

Yep.
Maybe not at the time of ownership, as purchase price goes to the previous owners. When City owners pump in money, they do it as additional share capital.

RA paid 140m for the shares from Ken Bates (who had a bought the club with a value of minus 1.5m, because of debt, for just £1!) and RA loaned 1.5 billion to the club for transfers. He's going to get at least 3 billion now, and it won't matter to him whether it's all for his shares or whether part of it is to repay his loan. Better for the club if it's all for his shares, as otherwise the club would have to replace his interest-free debt with interest bearing bank debt.

So I'd imagine the structuring would be that the debt would be initially turned into shares and then the shares sold. Of course the new owner could saddle the club with debt to pay some or all of the 3 billion, like the Glazers did with United and Gillett/Hicks did with Liverpool. 

As RA is not tax resident in the UK, he won't pay any UK tax on his profit of 1.4 billion. He became tax resident in Portugal last year, presumably with the sale in mind, so chances are he'll pay little or no tax on his gigantic profit. Haven't seen this is the English press yet, but I'd imagine it'll make front page news at sometime (assuming my analysis is correct - the rule in both Ireland and Uk is that a foreign resident doesn't pay CGT, unless the gain mostly relates to land or buildings or minerals, so while some of Chelsea's value will relate to the grounds and buildings, I'd imagine it wouldn't be near 50%)

[quit yo jibbajabba]

Rumours that CR7 wasnt in team today then refused to be part of the squad. Surely not.... 😉

[Milltown Row2]

Rumours that CR7 wasnt in team today then refused to be part of the squad. Surely not.... 😉

They might have a chance then, 2-1 Utd

[Jeepers Creepers]

Cavani not for so Elanga leads the line. Varane and shaw both out with covid.

[gawa316]

Rangnick said Cavani 'didn't feel quite well enough to play'.

[gawa316]

Rumours that CR7 wasnt in team today then refused to be part of the squad. Surely not.... 😉

They actually look a bit more balanced

[quit yo jibbajabba]

Rumours that CR7 wasnt in team today then refused to be part of the squad. Surely not.... 😉

They actually look a bit more balanced

Been the elephant in the room all season. Cr7. Bruno shadow of player he was last season and a few others.
Thought rashford may have started. Comes on and scores twice 😉
T

[Milltown Row2]

Christ!!

[laoislad]

Rumours that CR7 wasnt in team today then refused to be part of the squad. Surely not.... 😉

Didn't take long for them to shit their jocks.

[quit yo jibbajabba]

Hopin for a united win obvs or a 6 0 defeat. Anything in between is no good

City 6 0 it is then.....

[Milltown Row2]

Hopin for a united win obvs or a 6 0 defeat. Anything in between is no good

City 6 0 it is then.....

Sure it's in you're own hands...

[quit yo jibbajabba]

Far tougher run in. Was hopin ronnie paul harry and the boys couldve helped the lads out a bit. How foolish was i..

Sanchoooooooooo