Chelsea Transfers

[Pizy 17,860]

14 minutes ago, Styl1994 said:

Don’t matter they won’t work on the same team 

Why not? Mbappe on the left, Haaland up top.

[Azul 1,615]

29 minutes ago, Blues Forever said:

It's possible, Madrid get Haaland and Mbappe for the combined fee of €75m. This assuming PSG would let Mbappe walk for free next summer.

Madness

[King Kante 1,290]

1 hour ago, Blues Forever said:

THE LOSS OF REVENUE RESULTING FROM COVID-19 FROM MARCH 2020 AMOUNTS TO -€300 MILLION.
 
THE CLUB GOES FROM HAVING A NET DEBT OF €240 MILLION IN THE 2019/20 SEASON TO €46 MILLION IN THE 2020/21 SEASON (DEBT/EBITDA RATIO 0.3X).
 
THE CLUB HAS EQUITY AMOUNTING TO €534 MILLION AND CASH OF €122 MILLION AS OF 30 JUNE 2021.

 

2020/21 ECONOMIC-FINANCIAL SUMMARY (excluding the stadium remodeling project)
MILLION €	2019/20	2020/21
Operating Income (before disposal of non-current assets)	714,9	653,0
EBITDA	176,9	179,6
Profit after tax	0,3	0,9
Equity as of 30 June	532,9	533,7
Cash and cash equivalents as of 30 June	125,3	122,1
Net debt as of 30 June	240,6	46,4
Net debt/EBITDA ratio	1,4x	0,3x
Net debt/Equity ratio	0,5x	0,1x

 

The Board of Directors of Real Madrid C. F., gathered today 14 July, has approved the annual accounts for the 2020-2021 financial year.

The effects of the healthcare crisis caused by Covid-19, which started in March last year, have continued throughout the 2020/21 financial year, with all matches having to be played behind closed doors. This has led to a loss of revenue in all lines of business, primarily for the stadium, as there is no income from match attendances, but also for TV rights, both from LaLiga and UEFA, and commercial activities, both in the operation of facilities and in retail sales and sponsorship.



As compared to the situation prior to the pandemic, the loss of income that the Club has incurred in its different lines of business from March 2020 to 30 June 2021 is approximately €300 million, to which should be added the loss of new revenue that could have been obtained in the absence of the pandemic.

This loss of income has only been compensated by the Club through the application of intense cost-saving measures in all areas:

 

SAVINGS MEASURES UNDERTAKEN BY THE CLUB Impact on profit before tax (millions €)
	2019/20	2020/21	Aggregate 20+21
Salary reduction	36	22	58
Operational cost savings	24	38	62
Player transfers *		175	175
Total	60	235	295
*Overall impact including transfers, income from loan deals, savings on staff costs and amortization

-Player cost savings plan: in 2020/21 there were no acquisitions and player terminations have taken place, with a consequent impact on both transfer capital gains and cost savings.

-Reduction in salary costs: in both 2019/20 and 2020/21, members of the first squads in both football and basketball and leading executives in the various directorates have agreed to voluntarily reduce their annual remuneration by 10%.

-Operational cost savings plan: In addition to the reduction in spending due to lower costs associated with the loss of income, the Club has also implemented, over the fifteen months of the pandemic, a cost savings plan for the various activities and services contracted, which has resulted in an additional reduction in spending equivalent to almost 25% of the total annual expenditure previous to the pandemic.




In both 2019/20 (€177 million) and 2020/21 (€180 million), the Club reported higher EBITDA than in 2018/19 (€176 million) before the pandemic, notwithstanding the near €300 million revenue loss incurred in both years due to the Covid-19 impact. This is a testament to the Club's operational efficiency, and its ability to respond by adopting cost-saving measures to mitigate these losses.

As a result of the cost-saving measures taken to compensate for the loss of income due to the pandemic, the Club will close the 2020/21 financial year with a profit of €874,000 after tax, in the same way as it closed the 2019/20 financial year with a profit of €313,000. This makes the Club one of the few major clubs in Europe that will not have incurred losses in these two financial years, given that, according to a UEFA study, the accumulated operating losses of European clubs between 2019/20 and 2020/21 will be close to €6 billion.

The Club would like to commend the contribution made by sporting and non-sporting staff in implementing the cost-saving and improvement measures that have made it possible to achieve these results.


As the Club has made a profit in both 2019/20 and 2020/21, despite the effects of the pandemic, the Club has managed to marginally increase the value of Equity compared to the situation as of June 2019 before the pandemic, resulting in a Equity value of €534 million as of 30 June 2021.

In order to offset the financial impact of the loss of income caused by Covid-19, in April 2020 the Club secured new bank financing in the amount of €205 million, of which €155 million correspond to four loans with a 1-year grace period and a 5-year maturity and €50 million to a credit facility with a 3-year maturity. The operations were independently formalised with the five national banks with which the Club operates and 70% of the amount is covered by the Official Credit Institute (ICO), as part of the government approved line of credit to facilitate the liquidity of companies. During the 2020/21 financial year, and in accordance with RDL 34/2020 of 17 November, the Club has prolonged the grace period and maturity of the loans by 1 year.



The Club closes the 2020/21 financial year with a cash balance, as at 30 June 2021, of €122 million, excluding the stadium redemodeling project.

This balance has been achieved after repaying a €50m bank loan during the 2020/21 financial year and without the need to have a credit facility balance.

The loss of income resulting from Covid-19, with the consequent impact on cash flow, has been compensated by the Club through the savings measures and the formalisation of the above mentioned €155 million long-term bank loans in April 2020.

As of 30 June 2021, the Club has unused credit facilities amounting to €361 million, which, together with its cash balance, enables it to comfortably meet its expected payment commitments.



The Net Debt as of 30 June 2021, excluding the stadium redemodeling project, amounts to €46 million, compared to €241 million the previous year, which means that, during the 2020/21 financial year, the Club reduced its net debt by €195 million.

In comparison to the pre-pandemic situation (30 June 2019: net cash position of €27 million), the net debt as of 30 June 2021 is €73 million higher. This shows that the Club has managed to compensate, through the implemented savings measures, the majority of the near €300 million loss of income resulting from the pandemic and its consequent impact on lower cash flow and consequently higher net debt.

The Debt/EBITDA ratio stands at 0.3.All these figures demonstrate the solid financial situation and high level of solvency that the Club maintains despite the pandemic.

 

FISCAL BALANCE: REAL MADRID'S CONTRIBUTION TO TAX INCOME AND SOCIAL SECURITY REVENUES
AMOUNTS PAID IN THE 2020/2021 FINANCIAL YEAR	€ THOUSANDS
Personnel income tax withholding and non-resident income tax (deductions from staff remuneration and image rights)	178.930
INCOME TAX	-12.885
Property and other local taxes	5.126
SOCIAL SECURITY CONTRIBUTIONS (company)	8.564
SOCIAL SECURITY CONTRIBUTIONS (employee)	1.862
TOTAL COST OF TAXES AND SOCIAL SECURITY	181.598
% of revenue	28%
NET VAT PAID	61.311
TOTAL CONTRIBUTION BY REAL MADRID TO TAX REVENUE AND SOCIAL SECURITY	242.909

Real Madrid's contribution towards Tax and Social Security revenues in the 2020/21 financial year amounted to €242.9 million.

In relation to the Santiago Bernabéu stadium remodelling project, in the 2020/21 financial year the building work has not been compatible with the hosting of matches at the Santiago Bernabéu stadium. This is because, as the attendance of the fans was not permitted due to the Covid-19 pandemic, after obtaining the relevant authorisations, the Club has been holding the first team football matches behind closed doors at the Alfredo Di Stéfano stadium.

The amount of the investment recorded in the 2020/21 financial year was €166 million, including the financial costs incurred during the construction period. This brings the cumulative investment up to 30 June 2021 to €279 million.
During this financial year, in July 2020, the second drawdown of the loan amounting to €275 million was made; bringing the total loan drawn down to €375 million by 30 June 2021 (the first drawdown of €100 million took place in July 2019).

2021/22 outlook

Regarding the upcoming financial year, stadium attendance is expected to return, although it is not yet known what percentage of the capacity will be allowed to be used over the course of the season.

Regarding the financial situation, current forecasts suggest that recovery to the pre-pandemic situation will not be immediate. Therefore, the Club will continue with the cost containment efforts it has made so far.

 

STADIUM REDEVELOPMENT PROJECT: TOTAL 30-YEAR LOAN OF €575 MILLION.
	2019/20	2020/21
Cumulative investment	113,7	279,2

This is fecking hilarious. Real are trying to make out everything is fine and dandy, by excluding their stadium debt in these figures (I have bolded it). I mean seriously, how can these clowns claim they have such a small debt figure when they have excluded at least €595m (some reports have it at €750m) worth of debt? Jokers. 

[Styl1994 188]

1 hour ago, Pizy said:

Why not? Mbappe on the left, Haaland up top.

Because they both want to be the world’s best  player so won’t want to share the spotlight.

[Jase 43,479]

2 hours ago, Azul said:

What's your thoughts on us taking so long to make transfers @Jas? It's weird right?

I understand the Haaland saga takes a long time, because of the amount money that's involved, however I'd expect us to be in the final stages of another transfer by now. We desperately need a DM to cover for Kante, not only that but a wingback is needed since Emerson is likely to leave. Perhaps another striker on top of Haaland since Giroud just left, and Tammy is likely to follow him. 

Am shocked you've come asking me this till the point I don't know whether it's a joke or not. 🤣

The thing is, I can't see us buying anyone else if we buy Haaland or vice versa because of the money involved. So, I don't know if the club are still trying to bide (or waste?) their time with Haaland OR they're working on other transfers already and we just don't know it yet. 

Also, the club may also be waiting a bit to see what Tuchel makes of some of the returning loanees, to see if they will be of any use to the first team. If they are, then maybe we don't need to go buy a defender, for example. But rumors are persisting that we are still looking for a defender - e.g. Sule - and midfielder - e.g. Rice - on top of a striker. 

At the same time, the club are also in a somewhat tricky spot because they still have some contract renewals to sort out and sell some players first before potentially buying, like for example the ST position. I don't think we'll buy 2 strikers, it'll be just 1 at most. Tuchel had/used 4 last season - Werner, Havertz, Giroud, Abraham - and he ended only favoring only 2 of the 4. Broja could well take up the spot that Giroud left and I won't be surprised if we ended up keeping Abraham if we can't buy any ST and also because there's no buyer for him.

2 hours ago, Pizy said:

All the big PL clubs, Real + Barca, Bayern, Juve, and PSG will be gunning hard for Haaland next summer. Our chances fall through the floor if it’s an open competition because we won’t offer him 500-600k per week like PSG & RM will. Plus a fat bonus for his agent or whatever in the tens of millions.

If you are suggesting that clubs would pay 500-600k wages (something that is possible) to Haaland next year, then what's stopping his camp from demanding the same from us this year? The fact that neither he nor Raiola is seemingly pushing for the move to us suggests they well know that they will get more money next year. 

2 hours ago, Pizy said:

It’s absolutely now or never for us. Just like if we waited for Kai and passed up the opportunity last summer he’d probably be at Bayern right now. You have essentially a free run at him right now and we must take it. Simple as that.

I don't know why people are making this seem like one way traffic and assuming Dortmund will just accept a big offer immediately. If they are gonna say no until August 31, then we can't do anything.

The situation with Havertz was also somewhat different. The cost to sign him (transfer fee + agent fees + wages) was way lower than trying to sign Haaland now and we didn't need to deliberate too much over it. On top of that, he also wanted to leave Leverkusen, which helped our cause even further but that doesn't seem to be case with Haaland at Dortmund. 

[Pizy 17,860]

7 minutes ago, Jas said:

Am shocked you've come asking me this till the point I don't know whether it's a joke or not. 🤣

The thing is, I can't see us buying anyone else if we buy Haaland or vice versa because of the money involved. So, I don't know if the club are still trying to bide (or waste?) their time with Haaland OR they're working on other transfers already and we just don't know it yet. 

Also, the club may also be waiting a bit to see what Tuchel makes of some of the returning loanees, to see if they will be of any use to the first team. If they are, then maybe we don't need to go buy a defender, for example. But rumors are persisting that we are still looking for a defender - e.g. Sule - and midfielder - e.g. Rice - on top of a striker. 

At the same time, the club are also in a somewhat tricky spot because they still have some contract renewals to sort out and sell some players first before potentially buying, like for example the ST position. I don't think we'll buy 2 strikers, it'll be just 1 at most. Tuchel had/used 4 last season - Werner, Havertz, Giroud, Abraham - and he ended only favoring only 2 of the 4. Broja could well take up the spot that Giroud left and I won't be surprised if we ended up keeping Abraham if we can't buy any ST and also because there's no buyer for him.

If you are suggesting that clubs would pay 500-600k wages (something that is possible) to Haaland next year, then what's stopping his camp from demanding the same from us this year? The fact that neither he nor Raiola is seemingly pushing for the move to us suggests they well know that they will get more money next year. 

I don't know why people are making this seem like one way traffic and assuming Dortmund will just accept a big offer immediately. If they are gonna say no until August 31, then we can't do anything.

The situation with Havertz was also somewhat different. The cost to sign him (transfer fee + agent fees + wages) was way lower than trying to sign Haaland now and we didn't need to deliberate too much over it. On top of that, he also wanted to leave Leverkusen, which helped our cause even further but that doesn't seem to be case with Haaland at Dortmund. 

I guess the only reason he may take less this summer is if he feels like he wants to step up to a bigger club right away. Better league, better chances to compete for the biggest trophies, better players around him.

We would obviously still be giving him a huge wage, just not astronomical, “fuck the entire club” wages like the two Spanish giants do.

[Styl1994 188]

My squad if we can’t get our main targets 

GK: Mendy, Arrizabalaga, 3rd HG goalkeeper 

Def: Azpilicueta, Christensen, Rüdiger, Sliva, Lacroix, James, Livramento/Sterling, Chilwell, Alonso 

Mid: Kante, Kovacic, Jorginho, Tchouameni, Mount, Havertz, 

RW/LW, Pulisic, Havertz, Ziyech, Hudson-Odoi, Mount, Werner, 

ST: Havertz, Vlahović, Werner 

[Hashishi 148]

Word is we might get Lewa. Is he not more of an impact sub like Giroud at 33?

[Syltherin 25]

get Vlahovic for €60m now, pre-agreement with Raiola & Dortmund RC for €75m next season. then we have 2 young talented striker for the next 6-8 years....

[avrobsws 29]

We are not getting any elite players, what's the point of winning UCL ? What exactly the management doing and especially Mariana ? 

[Jase 43,479]

3 hours ago, Hashishi said:

Word is we might get Lewa. Is he not more of an impact sub like Giroud at 33?

No offence to Giroud but calling Lewandowski an impact sub like the former might be an insult to the latter. 

And seems like you're referring to the latest story that came from The Sun? They say we're gonna bid £50 million (50 MILLION!?) for him. Don't know whether to laugh or cry at the stupidity of the BS rumor. 

[Vesper 27,282]

16 hours ago, Styl1994 said:

If they both want to be the best they won’t play on the same team. 

that literally makes no sense

[Jype 6,398]

5 hours ago, Hashishi said:

Word is we might get Lewa. Is he not more of an impact sub like Giroud at 33?

Ah yes, the impact sub who just scored 41 league goals in 29 matches this past season and overall 55 goals the season before.

If anything, Lewandowski has only gotten better since turning 30 and is currently playing the best football of his career. Of course he's at an age where decline might be rapid when it finally happens but so far there's no signs of him slowing down.

Not that he's leaving Bayern anyway but I'd definitely take him if a transfer was doable,

[Pizy 17,860]

Lewa is literally in the perfect situation at Bayern. Gets to play in by far the best team in Germany surrounded by brilliant players who make everything easier for him on top of that. For someone who’s nearly 33 and in such an ideal situation, why would he want to come to the cauldron that is the PL?

He strikes me as someone who will continue living the easy like at Bayern for a couple more years and then going to MLS to finish his career.

[Jase 43,479]

16 minutes ago, Pizy said:

Lewa is literally in the perfect situation at Bayern. Gets to play in by far the best team in Germany surrounded by brilliant players who make everything easier for him on top of that. For someone who’s nearly 33 and in such an ideal situation, why would he want to come to the cauldron that is the PL?

He strikes me as someone who will continue living the easy like at Bayern for a couple more years and then going to MLS to finish his career.

He could so easily have been playing in the PL were it not for some volcanos!

[Styl1994 188]

27 minutes ago, Jas said:

He could so easily have been playing in the PL were it not for some volcanos!

Big Sam 

[Vesper 27,282]

10 minutes ago, Styl1994 said:

Big Sam 

[King Kante 1,290]

That Lewa link is from The Sun, no? Likely to be BS if it is.