It’s cheating, plain and simple. But unfortunately they will get away with it, as the culture there is to find loopholes and exploit them. The authorities are amateurs by comparison, but I do have some sympathy.
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Isn’t that the culture everywhere these days? 
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This sort of creative accounting is a big part of the benefit of having this sort of corporate structure. The benefit is obviously limited by the number of non-footballing assets the club can sell to its parent. The absurdity is that these parts of the business are exempt from calculations on spending limits, so the real issue is that BlueCo can just keep funding Chelsea’s building and/or acquisitions of non-footballing parts of the business without hurting Chelsea’s spending capacity and then buy them back off the club to give them a big lump sum to fill in an accounting hole.
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Yeah but this is almost exactly what City have been doing and they should be brought to heel. How is what Chelsea are doing any different?
The main charges against City related to them keeping payment between entities under UAE ownership off the books.
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What have they actually valued their women’s team at?
Angel FC were sold last year at £192m and the previous record was £92m.
This has a wiff of City’s dubious sponsorship deals about it.
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I think you are right, it is prevalent almost everywhere as everyone wants to find an edge. As a matter of degree, Chelsea are on the extreme end of it, exploiting loopholes in a way that reminds me of Man City.
There are key differences - nation state, despot regime v hyper capitalist venture cheats. While one wants to pump money in via inflated sponsorship deals, the other has pumped money in via frozen oligarch assets, and is now selling pieces of itself, to itself, for profit! It’s absurd.
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Just under 200M
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Don’t Barcelona do some shady shit where they sold the company that runs their first team or something?
They sold several legitimate arms of the buiness to external buyers. It was less this sort of shady self-dealing and more a case of selling their furniture to cover shortfalls in revenue. It’s likely more damaging to them because they were legit businesses whose ongoing revenue had been factored into the club’s revenue projections.
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So probably far more than it is realistically worth.
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BREAKING: The Premier League will introduce semi-automated offside technology on Saturday 12 April
On Sunday April 13 in response to fan outcry over an arm pit offside the Premier League will revert back to manually drawn lines
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This made me annoyed that i didn’t think of posting this earlier:
BREAKING: Premier League to disband PGMOL.
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Oh no. Gabriel injured.
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Elanga…wow.
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10 mins in and I’m already remembering why this team is so unlikeable. There was no basis to stop the play for that yet they are acting hard done by with the ref not stopping it. When the ball finally went out and he sat himself down to complain the ref actually did them a favour by not letting the corner be taken.
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And Arsenal had the ball when Gabriel was already injured but decided to play on.
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Cracking run and goal
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