Chelsea report loss of £49.4m for the financial year

[gary gordon 1,777]

Why is this getting so much attention from all the major sporting websites?? Real Madrid have around 1 billion dollars debt. Most top clubs in Europe aren't at equals. If Citeh weren't sponsored by there owners, they'd be fucked!! They have absolutely no fan base outside Greater Manchester.

[xPetrCechx 13,579]

Bigger Bridge.

[1chelsea 864]

They fear we are becoming too big for their liking but I see they have no choice

[The_Flash 1,144]

Well, here's to hoping we can get the stadium improvements we need. + I hope that the club factors in the introduction of safe-standing into its plans.

Safe standing, thats hardly a priority,would be way down on my list of what the club has to spend. I really don't want it myself.

[Mr_President 404]

Safe standing, thats hardly a priority,would be way down on my list of what the club has to spend. I really don't want it myself.

Never said it was a priority, but as a match-going fan I definitely think it will improve stadium atmosphere, allow higher capacity (assuming we can improve the transport facilities to cope) and maybe, just maybe, reduce ticket prices for the standing zones.

Why wouldn't you want it? Loads of people pretty much stand anyway and this would actually be safer and allow more people to get to games.

[The_Flash 1,144]

It would NOT be safer.

[Muzchap 8,966]

As usual a nice 'headline figure' that bears no correlation to 'facts'

We are within FFP tolerances and with the new kit deal, increased sponsorships and CL qualification we are looking good.

Add in the reduction of Lampard, Cole and Essiens salary - plus a bit of dead wood clear out and we are looking brilliant.

If we could ship out Torres and BA that would be even better

Plenty to be optimistic about - next year, if we sell some players - could even turn a profit

[Jype 6,398]

It would NOT be safer.

Remind me again how many standing-related incidents have there been in Germany, let's say for the past 20 years?

[Laylabelle 9,539]

Never said it was a priority, but as a match-going fan I definitely think it will improve stadium atmosphere, allow higher capacity (assuming we can improve the transport facilities to cope) and maybe, just maybe, reduce ticket prices for the standing zones.

Why wouldn't you want it? Loads of people pretty much stand anyway and this would actually be safer and allow more people to get to game

From what I remember hearing cant increase the Capacity to a large number due to only 2 main exits.Health and safety and guidelines etc

Not to bad considering everything that's happened lately..seems a case of making it sound more dramatic then it is

[Mr_President 404]

From what I remember hearing cant increase the Capacity to a large number due to only 2 main exits.Health and safety and guidelines etc

Not to bad considering everything that's happened lately..seems a case of making it sound more dramatic then it is

Yeah that's right.

My original post meant to convey my hope that if we were looking to do a major stadium redevelopment or moving completely (thereby eliminating the capacity issue in terms of exits) - I hope that we factor in a standing sections into the plans.

[The_Flash 1,144]

Remind me again how many standing-related incidents have there been in Germany, let's say for the past 20 years?

Perhaps they've been lucky but too many people elsewhere have lost their loves. I am not getting into it. It's new year

[Sidzeret 2,257]

Keep calm and trust Roman

[blu35_army 551]

So,,it means no Big transfer at this winter???

[CHOULO19 24,332]

A few deeper readings into the matter:

http://weaintgotnohistory.sbnation.com/2014/1/9/5293028/chelseas-wage-bill-climbs-to-176-6m

Surprised to see our wage bill actually go up (176.6m per year now) despite us getting rid of some of the higher earners in the team. However:

Chelsea could save nearly £24m on the 2014-2015 wage bill just by letting Samuel Eto'o, Frank Lampard, and Ashley Cole walk this summer while re-signing John Terry to a one-year extension at £100k per week.

Obviously, we'd still need to replace them, but we can still end up saving a lot especially if you consider that Eto'o replacement will most likely be Lukaku.

http://weaintgotnohistory.sbnation.com/2014/1/8/5276182/chelsea-player-wage-database-salaries-january-transfer-window#comment_tease

This is a very important point about wage exemptions and why those screaming "Just pay 60m for this player or 80m for that" are very far from reality:

if they (Chelsea) report fewer losses for 2013-2014, then they will likely be able to use the wage exemption for the 2014-2015 monitoring period. For Chelsea, the wage exemption is worth close to £80m in FFP write-offs (!!!!), so expect Chelsea to take steps to reduce its losses this season.

With Chelsea currently unable to use the wage exemption, and given that financial fair play mandates that we look at the financial aspects of any potential transfer almost as closely as we do the tactical aspects,

Also, how in the world is Oscar on 40K/wk only?! Someone give this man a contract renegotiation ASAP!

A more detailed explanation about FFP rules Annex 11 relief and why we could not use it, not that we needed it in the end: http://www.danielgeey.com/uefa-ffp-and-chelseas-12-13-accounts/

[Belgiannutt 3,201]

Just wait untill we can get rid of Torres. £18.460.000 off our wage bill. :woo:

and Hazard is not on 185k ffs.

[Stingray 9,441]

Just wait untill we can get rid of Torres. £18.460.000 off our wage bill. :woo:

and Hazard is not on 185k ffs.

Yeaaaah !

[Barbara 15,149]

Think you're panicking unduly. The club is positioned quite nicely in real terms, and that Telegraph article is amazingly simplistic. Commercial revenues are up, tv money is about to increase dramatically and we have a lot of young assets who are growing in value.

in addition to that the new Adidas contract didn't show in this year's numbers, that alone is £300 for 10 years and they to have pay at least £30 now (supposing they pay by year, which I'm not that sure they do - as some sponsors especially for kits prefer to pay 3-5 years worth of contract at once). They also mentioned a deal with Audi, so I think we're way positioned to comply their demands.

What bugs me is how City that had a loss of £98 spend another £90 and UEFA does nothing. So some teams comply, others don't, and there are no repercussions? I'd love to see RM's numbers...

[Belgiannutt 3,201]

in addition to that the new Adidas contract didn't show in this year's numbers, that alone is £300 for 10 years and they have pay at least £30 now (supposing they pay by year, which I'm not that sure they do). They also mentioned a deal with Audi, so I think we're way positioned to comply their demands.

What bugs me is how City that had a loss of £97 spend another £90 and UEFA does nothing. So some teams comply, others don't, and there are no repercussions? I'd love to see RM's numbers...

Yeah i also wondered about City. I don't see how they'll be able to comply with the FFP rules.

I think Madrid will be able to comply with the FFP. They spend a lot of money but the amount of money they make is just crazy.

[CHOULO19 24,332]

Yeah i also wondered about City. I don't see how they'll be able to comply with the FFP rules.

City owner also own their sponsor, Ettihad Airlines. He can just rewrite the sponsorship deal when they need to spend more money. That's how.

Obviously it's not that simple, but the point is, there are many loopholes in the FFP rules that can be exploited.

[The Skipper 20,609]

A few deeper readings into the matter:

http://weaintgotnohistory.sbnation.com/2014/1/9/5293028/chelseas-wage-bill-climbs-to-176-6m

Surprised to see our wage bill actually go up (176.6m per year now) despite us getting rid of some of the higher earners in the team. However:

Obviously, we'd still need to replace them, but we can still end up saving a lot especially if you consider that Eto'o replacement will most likely be Lukaku.

http://weaintgotnohistory.sbnation.com/2014/1/8/5276182/chelsea-player-wage-database-salaries-january-transfer-window#comment_tease

This is a very important point about wage exemptions and why those screaming "Just pay 60m for this player or 80m for that" are very far from reality:

Also, how in the world is Oscar on 40K/wk only?! Someone give this man a contract renegotiation ASAP!

A more detailed explanation about FFP rules Annex 11 relief and why we could not use it, not that we needed it in the end: http://www.danielgeey.com/uefa-ffp-and-chelseas-12-13-accounts/

I take the WAGNH article with a pinch of salt considering there are a lot of assumptions like Hazard being on £185k a week which is absolute rubbish, or the average CFC employee being on £35k a week, and the fact that a lot of our new sponsorships and deals haven't been included.