Latest accounts of the premier league clubs

[JohnDoe]

Chelsea are not really in debt.

They are if he ever gets sick of them, which he will.

[CJ]

i think the actual pictch is owned by supporters or something like that to stop it being sold.

he has looked like getting bored a few times but hasnt left. and when he does walk he may just write of the loans as part of the deal. as if he walks away they cant pay that debt back so he wont get it will he.

maybe there is a tax benifit for how it is now can someone tell us?

he does want them to be self funding though and thats not a bad aim is it.

[el matador]

They are if he ever gets sick of them, which he will.

Even If abramovich decided tomorrow to liquidate Chelsea FC, he wouldnt get the £726 that he is owed.

Chelsea are in negative equity in that they owe more than they're worth. The owner has shown his 'investment' into the club as interest free loans which in theory means that they are repayable if the club makes serious profit.

IN THEORY chelsea will have to pay that money back but it wont work that way. But to have invested to the tune of £726m and still be at the same stadium with the capacity of 40 odd thousand probably illustrates how not to run a football club.

[cream]

They are if he ever gets sick of them, which he will.

You don't buy a business, invest nearly a billion and then dump it because you get 'sick of it'. He may want to sell it, recover as much money as possible and then write off the remaining debt. He owns the club, he owns the holding company and he owns the debt, its just on paper, nothing else.