Originally posted by Buzzo
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Given how FFP has operated so far, yeah probably.
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So Chelsea just got a free £1.5bn to invest in making them a superclub?
Given how FFP has operated so far, yeah probably..
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Originally posted by Buzzo View Post
James Philip Milner Fanclub #1
Curtis Julian Jones Fanclub #1Comment
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That's what he said. He's basically writing off the 1.5b he's investedOriginally posted by Buzzo View PostComment
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Aren’t they effectively now just part of the asset value of the club, so will be reflected in the sale price? Eg, buy my 10k car with 5k in the glovebox for 15k?Originally posted by Buzzo View PostTrey Nyoni: countdown to stardom-2 years1year0.5 yearsComment
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He writes the loans off, Chelsea still worth £1bn. He being the sole owner "pockets" the £1bn.
You could argue he's "lost" £500m - but it's all dirty money, he's just got himself £1bn 'clean' money.James Philip Milner Fanclub #1
Curtis Julian Jones Fanclub #1Comment
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Originally posted by Kenneth View Post
How the accountants change that from a loan to an asset is I guess how they earn there money and why FFP is totally doomed. He has effectively laundered £1.5bn.
(I will offer a maximum of £5k for that car).
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Yep, basically more money laundering. It's basically what the Russians have come to England for in the first place. We've let them clean their money here for years at our expense.Originally posted by Rich View PostComment
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It will be written off and credited back to reserves I think - it won't become an asset as suchOriginally posted by Buzzo View Post
How the accountants change that from a loan to an asset is I guess how they earn there money and why FFP is totally doomed. He has effectively laundered £1.5bn.
(I will offer a maximum of £5k for that car).Last edited by wiw; 03-03-22, 04:03 PM.Sack swinging like Dub-D40 on a door hingeComment
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He could sort the front page of estOriginally posted by wiw View Post
removing all the weak links makes us stronger
too many gutless players, no beef or desire. pussies everywhere... sack them all.Comment
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no he is brilliant.......he's just written it off.......
Obviously, if he didn't write it off, then it would be sold with 1.0-1.5bn of debt on it.......so would make the club value 1-1.5bn less......Comment
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More money to donate then no? Win winOriginally posted by frank the tank View PostSack swinging like Dub-D40 on a door hingeComment
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Originally posted by Buzzo View PostOriginally posted by Pepe79 View PostOriginally posted by Norbs View PostThis is what I was trying to get at with my previous post, if Chelsea don't repay that money it is money invested by the owner so is a massive breach of FFP. As I said I don't see how it could ever be repaid, given the allowed level of investment and allowed FFP limits slowly over a number of years unless Chelsea are making massive profits seems to be the only way it could ever have happened. If the loans have been written off then that is an investment of £1.5bn by the owner or previous owner and the football authorities need to treat it as such.Originally posted by Buzzo View Post
How the accountants change that from a loan to an asset is I guess how they earn there money and why FFP is totally doomed. He has effectively laundered £1.5bn.
(I will offer a maximum of £5k for that car).The only gracious way to accept an insult is to ignore it; if you can't ignore it, top it; if you can't top it, laugh at it; if you can't laugh at it, it's probably deserved.Comment
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Trey Nyoni: countdown to stardom-2 years1year0.5 yearsComment
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[ame]https://twitter.com/bbcsport/status/1499395420904046598[/ame]Modifying post.Comment
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