Watch them in the same situation at this point next season with Zerbi, that would be funny.
And then the same “the manager is the (main) problem” argument.
And think how much more they spent
We’ll see if that net spend means trophies in the next 2-3 years (obviously including this one), because they’re also currently the youngest first team squad in the league.
Net spend also needs context, obviously there’s big question marks over their strategy, quality of decisions, consistency, selection in the transfer market and coaching.
I would have assumed some improvement? No?
Of course Chelsea as a club would expect to be in a better position right now. At least closer to top 4. But I’m talking more in a general context. Not sure if even in 2-3 years (as it’s clear they’ve selected a lot of very young players), including this one, we will say “Chelsea’s net spend resulted in multiple major trophies”.
lol
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They do seem to be falling apart. From today’s BBC Gossip page …
Argentina midfielder Enzo Fernandez, 23, is considering leaving Chelsea just one year after joining the club for 121m euros (£107m) on an eight-and-a-half year contract. (FootballTransfers.com)
Chelsea players have complained that coaching by Mauricio Pochettino and his staff on tactical elements is limited, while new arrivals have expressed regret over their long-term contracts. (Athletic - subscription required)
However, Chelsea will wait until the end of the season to assess Pochettino’s future as manager. (Football.London)
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Someone smarter than me please clarify: is the flip side of the long contract that the “book value” decreases more slowly, so by selling Enzo so early they make less accounting profit?
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I’m not smarter, but you are correct. Assets depreciate less which means less profit on an early sale
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It would, but for most purposes they use their financial statements for, the longest amortization is 5 years.
I think this might be another American versus European sport culture clash moments looming, as Boehly attempts to bring his understanding of the ‘hold out’ to address the likes of Enzo ‘considering leaving’. They did sign a contract…
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According to this article in the Guardian, which makes extensive references to Swiis Ramble’s breakdown of Chelsea’s situation, if they sold Caicedo for 100 million then the profit would be only 12,5 million. In addition, it seems that they are in deep do-do for 2023-24:
For 2023-24, though, they would appear to be in big trouble, with Swiss Ramble estimating their losses for the three-year assessment period at £201m – and that was on an assumption they would finish sixth, which now looks extremely optimistic.
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Didn’t they pay 115m? Wouldn’t that be a loss?
https://twitter.com/footballontnt/status/1754967664324177930
Mauricio Pochettino treading water
OK, so his logic is that Liverpool lost to Arsenal because (and I think we largely agree) they were shite on the day. And his team were trounced by us because Chelsea are clearly below the threshold for shite?
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Not a profit on Caicedo net over his entire time at Chelsea - it was just an example of a single transaction. What would look like a big bit of business, 100M of revenue, would actually only help their situation by 12.5M
I do think they got the amortization number wrong though (7/8 of 100M = 87.5M)
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This reminds me of why I employ an accountant when needed!
Further up I said that what Chelsea was doing is quite risky. This article encapsulates that. The amortization pushes costs down the road. The bet is that revenues will rise over time. If they don’t, it becomes a really big problem
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Poch after Villa knock them out the cup tonight - “But you saw Ross County lose at 5-0 to Motherwell, I didn’t hear anything about this, but when it’s Chelsea and we lose to Brentford, Palace, Wolves (twice), Liverpool, Everton, Newcastle, West Ham, Villa, even Middlesborough you hear about it, why?”
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Making a bet that you can have success in football by going against the group think is something smart people might reasonably be expected to have some success with, but it isnt 2005 anymore. For all the clubs being ran poorly through the majority of the pyramid, at the very top now are two clubs that are run with very savvy operators who have already made strides by exploiting the opportunities that traditional operations were missing.
Making bets with a couple of million quid and thinking you can pull a club from obscurity into the top flight with heterodox thinking is one thing, because the clubs you are beating are not very good. But doing it with billions and expecting to beat City and Liverpool is incredible hubris. The things an outsider sees as opportunities left unexploited are at this stage almost certainly not untapped opportunities, but simply bad ideas that have either already been considered and dismissed, or are so patently bad that they have not even been considered.
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