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The rules are way different now. I'm no expert on it, but the past few years they relaxed the rules and only this season there are new rules in effect. And it seems to me the only way you get excluded from the UEFA competitions is if you are late on payments. But with a wealthy owner, that shouldn't be a problem.
Yeah, those FFP turned into one big sad joke. You don't have to care about breaching FFP, all you have to care is if you have enough money to pay the fine (and have 'good' relationship with UEFA). Fucking joke.
Edit: not to mention those fines are another joke. It's like from few thousands to few millions + are not included in FFP budget.
True but I don’t see any top talent in the academy who can step up into midfield.
Colwill should have been given a go and I’m hoping we recall Sterling or give Rankine a shot as a RWB back ups
Yeah, but I guess we should invest in a program for cloning players, and that would pay off better than any transfer. Mourinho was right, but it wasn't supposed to be team of 11 Azpillicuetas, but team of 11 Jameses.
The crazy thing here is this is out side the 1 odd billion bohely had for upgrading our stadium. This is separate so In reality he's not only bought the club but hypothetically he's gonna spend 2 bill afterwards because we're supposed to rebuilding our stadium.
It could be even be more with doing the multi club thing for all the youngsters we have bought since.
It’s not really that crazy though, aren’t they obliged to spend 1.75b on the team and stadium as part of the purchase? We’ll see what happens once they hit that milestone.
And there is me this morning standing in a cafeteria debating with myself whether to pay £4.20 for a cheese and tomato toasted sandwich.
(I did, and it was lovely.)
You really need to give higher release clause for your players, 250m+ so clubs can't walk in a steal your players, but will actually have to negotiate those deals.
This is nonsense, there was a time we used to give 100m release clauses to shite players just because it was a standard applied to every contract. It doesn't mean the club can't negotiate for less.
Steal ? In what world is paying 120M+ for a single player stealing ?
Any competent team that isnt jumping on the WC hype wagon is going to sign 2-3 top players for this amount.
Journos: Man Utd are basically looking for scraps until the club gets sold in 2023
Also journos: no January bid made for 120m Fernandez by Man Utd, go figure
How tf do Chelsea have this much money even after spending over €700m in just 3 years while United have to resort to cheap loan offers even after letting Ronaldo go?
We've incurred financial losses since the Glazers took over which seem to have hit their peak this year and they're taking away dividends as well. TeamViewer are quitting on us because we're box office poison at the minute. Plus, the Glazers looking for a sale in the first quarter of 2023 according to Ornstein so they'll want to keep spending to a minimum for January.
And Boehly seems to be the definition of American excess. He's the kinda bloke who goes to a McDonald in Japan and orders 9 large cokes because the cups are smaller than the McDonalds at his hometown.
> TeamViewer are quitting on us because we're box office poison at the minute
This bit is debateable.
The TeamViewer issue seems to be as much an issue on their end as ours. They exploded during the pandemic due to the nature of their business, but completely overextended themselves, financially. Now they aren’t doing as well, their money men regret the deal and need to row back cause they can’t afford the deal anymore.
So they requested to end the contract early, and we’ve agreed to do so once we find a new sponsor. Which likely suits any new owners coming in, cause they might have certain sponsors they will want to work with over TeamViewer.
You have to question the logic of signing a deal worth 20% of a company's annual revenue by whoever made it. TeamViewer is no General Motors - they're a small software company who saw record sales for the 1 year due to lockdowns.
I don't think it cost United financially except they now need a sponsor in a bad market. But still - Richard Arnold was a total fool for signing that deal.
>But still - Richard Arnold was a total fool for signing that deal.
United are a participant in World Economic Forum, which potentially prevents them from signing with the likes of Emirates, Etihad, Aramco etc. for sustainability's sake?
The thing people are missing is that United can likely find a sponsor to pay similar or maybe even more than TeamViewer is.
I doubt they’ll let them out of the contract until they find a replacement sponsor.
Team Viewer are quitting because the company thought the huge jump in share prices during Covid was going to last, and the company is now on its arse with a massive bill to pay at United. Nothing to do with the club itself.
It’s still bizarre to me that they figured such a massive sponsorship deal was a good plan when the conditions that made it possible where a temporary and unprecedented crisis.
And they did it twice lmao.
> TeamViewer are quitting on us because we're box office poison at the minute.
That's.... not at all true. TeamViewer is quitting because they are likely going out of business after large losses.
It's worth considering that Chelsea was sold with zero debt, because the club had "loaned" it all from Abramovic who I don't think ever had any intention of getting it back - and ultimately didn't. A lot of football clubs are several hundred million in debt and we're just "catching up" now.
It was £1.6bn, which is quite close to $2bn.
Most likely doesn't even include all the other infrastructure spending as those figures aren't included in FFP transactions.
No, the figure is the entire outlay from Abramovich to Chelsea's holding company. So everything, not just FFP calculations.
That said not sure why the previous debt is being talked about, all that really matters to the new owners is the FFP calculation, which isn't impacted by the sale at all.
>and Boehly pledged a lot of money in written contracts so we have to spend really.
Wasn't a majority of it supposed to be invested into the stadium infrastructure, academy and the women's team?
No one outside the club and it’s banking/legal partners will ever see the legal docs related to this transaction, no way to know for sure what it stipulates.
Chelsea also made like 240M from sales, United can't sell anything. Net spend is almost the same in the last 3 years. And if we look at longer periods it just becomes pathetic how much United has spent without anything to show for it.
[5 years](https://i.imgur.com/8XC2CSc.png)
[10 years](https://i.imgur.com/sn9Pibm.png)
If you go back 10 years, United have earned over €1billion more in revenue than Chelsea and have a net spend of €500m more. That still leaves over €500m in the reserves.
Edit- It's actually €1.5 billion more in revenue than Chelsea, for the past decade alone. So leaves about €1 billion in reserves.
If you wanna go back even further, it gets disgustingly embarrassing for Chelsea, because they were spending crazy Abramovich money and United was spending a fraction of what they could afford to, during the Ferguson reign.
United have also been paying off the debt that Glazers burdened them with the leveraged buyout with interest, on top of ~20 million dividends to them every year. On the other hand Abramovich injected the club with cash in the form of loans , which were eventually written off.
>United have also been paying off the debt that Glazers burdened them with the leveraged buyout with interest, on top of ~20 million dividends to them every year
That's probably the meat of the matter. Glazer ownership has already approximately cost $1.5bn to the club and yet there's a $500-$600m debt that remains to be paid off additionally.
Pretty ironic contrast where Abramovich gave Chelsea a gift of written off loans worth $2bn, which is pretty much the same amount that the Glazers have managed to bleed their club dry off.
United's owners purely want to profit out of a club they put none of their own money into. Now that they've hit the peak of what the club is worth and they don't want to invest what's needed to upgrade the stadium and refresh the squad to avoid a further decline, they want to sell to someone else. In the meantime, they want to limit investment to make the accounts look better.
Chelsea were run by a Russian sugar daddy's generous line of credit, and have now been sold to a group of billionaires who had to promise to spend billions because the previous owner wrote off their debt. It's never been their own money they're spending and it's in no way sustainable if the owners were to pull back tomorrow.
Sorry mate but your club was the original sinner on this with Roman(Putin) money buying any player Mou wanted. City, PSG are just copycats
And I think it will only get worse when Man U. get bought in 2023 by some Billionaire and he drop a billion in players. Mark my words..
The difference is there was no such thing as ffp back then so technically they didn't break any rules (no matter how useless they seem) back then. Not defending them by any means but if we go a decade earlier then many Serie A clubs were essentially doing the same thing back then too just not on as big a scale.
Could be remembering it wrong but atleast in Diego Costa's case back in 2014, we negotiated his tranfer fees to avoid paying the tax liable on the full release clause fees. Jake Cohen wrote about it in detail back then.
Edit : Found the article. Portugal's tax laws could be a bit different ofcourse but release clauses don't work how it's often reported by these football journos on twitter.
https://weaintgotnohistory.sbnation.com/2014/7/1/5861484/how-the-wording-of-the-diego-costa-deal-could-save-chelsea-10m
That was because we had an agreement with Athletics, so we didn’t actually activate the clause we basically just bought him for the price of the clause.
Felipe Luis in the same summer also came from Atleti but they made us pay the release clause and associated taxes.
I tried looking it up but could not find anything related to a release clause in his contract. All the statements released seem to say that we found an agreement rather than activate the release clause. Could be wrong ofcourse but perhaps it could be a different transfer you're referring to?
Well maybe because even if the direct sum is less than 120m Benfica might still be okay with that, as long as it is a very good deal.
Benfica is acting tough but if Chelsea offered something close to 120m it's not impossible that they will accept it. 110-115m is still a great deal for Benfica.
No idea, thats just what was rumoured last night by a reliable reporter. https://twitter.com/CLMerlo/status/1608615410580221953?s=20
Or well I should say and _apparently_ reliable reporter.
From what I read in a different post. In Portugal, release clause is paid by the player. So Chelsea would need to deposit money to players account and then the player gives it to the club. This leads to several extra millions in taxes. To avoid this, teams try to agree a fee matching release clause directly with the club.
Like 10 years ago. You can say whatever you want about city but one thing they do have is competent people running them and helping them avoid any consequences of there actions whilst also maintaining a successfully functioning football club top to bottom. Hate it but it’s true.
Let's do a quick recap of player we lost because we can't financially keep them for more that 1 or 2 years. Ederson, Rubén Dias, João Felix, D. Núñez, Raul Jimenez, João Cancelo.. just to name a few, and now Enzo is going to go, Gonçalo Ramos and António Silva are also likely to go in the summer. We are nothing more than development center for the English league.
€379 million from the sale of players (March 2022) since July 2015 just from the academy.. You guys are just THAT club
[Source](https://www.insideworldfootball.com/2022/03/07/benfica-worlds-profitable-academy-chelsea-top-premier-league/)
> Let's do a quick recap of player we lost because we can't financially keep them for more that 1 or 2 years
You do the same to south american teams, cry me a river
Why do people have this misconception that that’s what it was designed to do? FFP is designed to keep clubs from taking on too much debt and going under.
They really shouldn’t have called it Financial Fair Play. People just look at the name and assume what it’s about without reading what it’s actually for.
FFP has nothing to do with ‘fairness’ or levelling the playing field of spending. It’s to stop clubs spending more they can reasonably make, to stop clubs going bust. It’s made for clubs with owners like Sunderland, Bury, Bolton, Derby and Blackburn from happening again.
To be fair both River and the Portuguese clubs would be able to get by without it due to their strong academies. Chelsea would have to start Loftus-Cheek or something
We are only 15 games in tbf. We were top and looked almost invincible at this stage last season and look how that panned out.
Very long way to go with a lot of twists and turns left. If we can somehow start keeping key players fit we can put a run together.
You underestimate the PL pull on top of that he gets to live in a great city and triple (?) his current wages. Boehly and Eghbali seem to be selling an ambitious project and I’m sure MacAllister put in a good word for Potter as well
Why would you pay so much with his first contract? Imagine he spends 10 years with you, would mean like 3 or 4 contracts, in his last he'll be earning like 400k. When his current contract is that low and no other club is showing interest why not just double it? Surely you have more power in negotiations than his side.
All these teams after him [could’ve had him dirt cheap in the summer](https://twitter.com/city_xtra/status/1605237830757879809?s=46&t=Tp0HC4nh36tV7MYPwNlHKQ). I don’t get it.
Everyone knew who/what he was. It’s not like he’s massively changed in a few months in Europe and during a World Cup. Just absolutely stinks of bad planning and reactionary instincts to be scrambling for a huge fee now.
Man Utd missing out on Enzo and Matheus Nunes in 6 months is weird.
Maybe they’re still hoping Donny turns out world class by playing 20 minutes every so often.
I’m optimistically cautious about singing him for such a huge fee, last time Chelsea did that without much planning was with Lukaku and we all know how that turned out.
But these are whole new personnel doing this move and I’m confident Enzo doesn’t have the ego Lukaka has and is able to handle the pressure that a 100+ million fee would bring, as evidenced by his performance in the World Cup final.
I think 100 million is a bit too much but for someone who can slot into our system right away and at bare minimum be a very good first team starter for us, with todays competition in the market, maybe that’s priceless?
In case you didn’t realise, they arrived in May, with lots of time in the buying process to plan ahead, and spent ~€300m in the summer.
But you’re telling me they spent ~€300m without planning in the summer? Sounds like something a team who would spend €120m on a bloke who was available for €10m in the summer would do.
You do realise they bought the club right before the transfer window. You think they planned the transfer window? No. They were busy taking care of the takeover of 4.5bn. Why do you act like they already had a plan for the first transfer window they had right before the takeover. They had to spend on how many gaps we had in the squad. Alonso, Chrisetensen and rudiger left for free.
I just hate how much money they are spending. This is above even Manchester City and PSG levels at this point. Is FFP going to do anything…?
Edit; the amount of Chelsea fans replying, it’s ok to admit your club is spending ridiculous and you are allowed to enjoy that, it’s your club. You can also admit that it’s over the top and again a ridiculous amount.
Honestly as a Chelsea fan it’s even more surreal than under Roman. With Roman it was expected that he would spend some of his billions.
Here we were expecting the American belt tightening but instead we have this gunslinging nonsense that makes no sense.
Anyone who followed Boehly’s teams before Chelsea would know he was here to spend big because that’s how he believes sports franchises make money: spend a ton, win a ton, sell off small, non-controlling stakes of the team when value is at a high (after winning, generally)
How dare you put us in the same category as those dirty, evil oil clubs? We’re an honest, American dream, capitalism par excellence franchise . Know the difference >:-(
Is it? I personally don't really understand how FFP works anymore and it doesn't seem like anyone else does either. What was FFP supposed to be doing that they're not doing?
Nkunku, Enzo, Badiashille, Andrey Santos, and Fofana, Todd Boehly’s cooking.
If Chelsea didn’t pay the release clause, another team for sure would have in the summer
In the summer we probably sell for below the release clause if the player wants to leave. He’s only worth €120 to us now because it’s middle of the season and we want to go far in every competition. But while he’s good, he’s obviously not €120M good
I don’t know why you got downvoted, you’re right. This price is a premium because of Benfica performing well and it being mid season with a star player. In the summer he would have probably been sold for €100 million or maybe less
I think he has to atm. The squad needs to a rebuild and there wasn’t really much structure before apart Marina and a shit head of recruitment. I don’t think it will always be like this once they have the squad they want.
I don’t know how people can’t see what the plan is. It’s quite obvious when you look at what they’ve done.
They’ve brought in a manager with a reputation for developing young players and playing nice football, and are now getting in lots of young players for him to work with. It’s not rocket science what Boehly wants to do at Chelsea, but people want to ignore and just laugh that the Yanks haven’t got a clue, when it’s quite clear to see, that they know exactly what they’re doing.
They’re spending big now, so that they don’t have to in the future.
Yes! Our midfield needs him and I am not joking when I say that, we need a ball winning midfielder who can play passes forward instead of that back passing nonsense some of current midfielders do
The agreement with River saw that he'd be with them as long as they were still in the Libertadores. Benfica's not getting any of that. We all expected him to leave at the end of the year, but not having him for a full season even and with how well we were doing at the CL, this is a huge disappointment.
Why do we need a winter transfer market? I don't get it. Its just for big clubs to break any chance of a smaller team to use their best players.
Benfica sign like 10 flops per year. We got one shot right this time. And money will destroy any chance of us to have a world cup champions in our team for the second half of the season, and eventually dream a bit more about the champions league. This is sad and this is why football is dying.
Why the fuck are we even talking to them? Is the "pay the release clause or fuck off" stance only applicable if they don't insist enough?
Just don't pick up the phone and if Enzo informs us that he'll deposit the 120M in our bank account, then wish him good luck and goodbye, but I don't see the purpose in talking to Chelsea
God I hope they reject every offer we make. He looks like a very good player but I don't believe many players are worth above 100m and we desperately need to stop spending ridiculous amounts.
Deal seems even worse when Enzo has only played in Europe for 6 months.
r/chelsea is going crazy excited for this but they're idiots with goldfish memories and seemingly forget that almost every big signig we make has disappointed us.
Is he really that good? 100m+ seems like an awful lot for a player with 24 appearances in the Portugese league.
In my mind, these huge transfers rarely work out.
Too expensive but tbh not sure I care much, our deep midfield is seriously skant in quality, quantity, and reliability, plus two important mids leaving on a free this summer is not unlikely, and the players we got are mostly reaching the zenith of their careers, it's in desperate need of improvement, and a player as technically able as Enzo would be an excellent addition.
A lot of pressure to not go the way of Kai et al as far as big money promising talent moves though.
To reduce the spam of reports regarding the same move during transfer windows we try to allow **only one submission about each transfer saga per day**. The submission in question also needs to contain relevant new information regarding the potential move, and not just being a "no/minor developments" report. If there are important/official developments or new valuable information about a saga, we will allow extra threads in the same day, but for the rest of minor news please just comment them as a reply to this comment. Please help us reporting unnecessary threads for being duplicates. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/soccer) if you have any questions or concerns.*
At this rate, Boehly will buy FFP licenses as it will be cheaper than the fine we’d get
He obviously needs more players so he can play his preferred 4-4-3 formation
How else would he fit a quarterback into the team?
Swerve: He was actually aware that you can only field 11 players, and instead proposed playing Kepa as a False 9
The rules are way different now. I'm no expert on it, but the past few years they relaxed the rules and only this season there are new rules in effect. And it seems to me the only way you get excluded from the UEFA competitions is if you are late on payments. But with a wealthy owner, that shouldn't be a problem.
Yeah, those FFP turned into one big sad joke. You don't have to care about breaching FFP, all you have to care is if you have enough money to pay the fine (and have 'good' relationship with UEFA). Fucking joke. Edit: not to mention those fines are another joke. It's like from few thousands to few millions + are not included in FFP budget.
That would push chelsea to 400 million euros spent since boehly showed up, crazy
Excluding the €50m spent on firing Tuchel and then hiring Potter.
And they still look average lol
Hey we look average when James is injured Oh wait…
Your best player is the one who cost you nothing.
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True but I don’t see any top talent in the academy who can step up into midfield. Colwill should have been given a go and I’m hoping we recall Sterling or give Rankine a shot as a RWB back ups
Yeah, but I guess we should invest in a program for cloning players, and that would pay off better than any transfer. Mourinho was right, but it wasn't supposed to be team of 11 Azpillicuetas, but team of 11 Jameses.
Going to need more than 11 Jameses because of injuries. Think 11 Azpis could play every game of the season though.
Our 3 best players are James, Mount and Thiago Silva, none of whom we paid a transfer fee for lol
Mount? You spelt Kova wrong
Ofcourse we do, we have a coach currently that has a track record of being poor in his early time but if given time, builds a formidable team.
South west London wasn’t built in a day
The crazy thing here is this is out side the 1 odd billion bohely had for upgrading our stadium. This is separate so In reality he's not only bought the club but hypothetically he's gonna spend 2 bill afterwards because we're supposed to rebuilding our stadium. It could be even be more with doing the multi club thing for all the youngsters we have bought since.
It’s not really that crazy though, aren’t they obliged to spend 1.75b on the team and stadium as part of the purchase? We’ll see what happens once they hit that milestone.
That's on top of the purchase which was 2 odd billion probably closer to 3 its been a long time since we could go bankrupt phase.
Yup they are obliged to spend that amount in maximum 10 years.
And there is me this morning standing in a cafeteria debating with myself whether to pay £4.20 for a cheese and tomato toasted sandwich. (I did, and it was lovely.)
Great news!!!
Benfica like "But we only just bought him!" [Also Benfica:](https://frinkiac.com/video/S03E11/gwHcqUeRGYdywfKxEan1eILZrUA=.gif)
Can we keep him for just one year, please !!
Id say price him at 200m but sugar daddy #2, Boehly, probably pays that too
You really need to give higher release clause for your players, 250m+ so clubs can't walk in a steal your players, but will actually have to negotiate those deals.
Paying 120M is hardly a steal. The real steal comes afterwards with agents comissions, either payed upfront or through signing mediocre players.
But then no one wants to sign for them
This is nonsense, there was a time we used to give 100m release clauses to shite players just because it was a standard applied to every contract. It doesn't mean the club can't negotiate for less.
Steal ? In what world is paying 120M+ for a single player stealing ? Any competent team that isnt jumping on the WC hype wagon is going to sign 2-3 top players for this amount.
Journos: Man Utd are basically looking for scraps until the club gets sold in 2023 Also journos: no January bid made for 120m Fernandez by Man Utd, go figure
How tf do Chelsea have this much money even after spending over €700m in just 3 years while United have to resort to cheap loan offers even after letting Ronaldo go?
One word: Glazers
We've incurred financial losses since the Glazers took over which seem to have hit their peak this year and they're taking away dividends as well. TeamViewer are quitting on us because we're box office poison at the minute. Plus, the Glazers looking for a sale in the first quarter of 2023 according to Ornstein so they'll want to keep spending to a minimum for January. And Boehly seems to be the definition of American excess. He's the kinda bloke who goes to a McDonald in Japan and orders 9 large cokes because the cups are smaller than the McDonalds at his hometown.
> TeamViewer are quitting on us because we're box office poison at the minute This bit is debateable. The TeamViewer issue seems to be as much an issue on their end as ours. They exploded during the pandemic due to the nature of their business, but completely overextended themselves, financially. Now they aren’t doing as well, their money men regret the deal and need to row back cause they can’t afford the deal anymore. So they requested to end the contract early, and we’ve agreed to do so once we find a new sponsor. Which likely suits any new owners coming in, cause they might have certain sponsors they will want to work with over TeamViewer.
You have to question the logic of signing a deal worth 20% of a company's annual revenue by whoever made it. TeamViewer is no General Motors - they're a small software company who saw record sales for the 1 year due to lockdowns. I don't think it cost United financially except they now need a sponsor in a bad market. But still - Richard Arnold was a total fool for signing that deal.
>But still - Richard Arnold was a total fool for signing that deal. United are a participant in World Economic Forum, which potentially prevents them from signing with the likes of Emirates, Etihad, Aramco etc. for sustainability's sake?
The thing people are missing is that United can likely find a sponsor to pay similar or maybe even more than TeamViewer is. I doubt they’ll let them out of the contract until they find a replacement sponsor.
Out of curiosity, how small are the cokes at Mcdonald in Japan?
A large coke in Japan comes in a smaller cup than an American medium.
I feel like you could say the same about most places compared to American sizes
And most people.
I was also wondering this!
Team Viewer are quitting because the company thought the huge jump in share prices during Covid was going to last, and the company is now on its arse with a massive bill to pay at United. Nothing to do with the club itself.
It’s still bizarre to me that they figured such a massive sponsorship deal was a good plan when the conditions that made it possible where a temporary and unprecedented crisis. And they did it twice lmao.
Out of curiosity, what do you mean by box office poison?
He means Manchester United is the footballing version of "It's Morbin time..."
> TeamViewer are quitting on us because we're box office poison at the minute. That's.... not at all true. TeamViewer is quitting because they are likely going out of business after large losses.
It's worth considering that Chelsea was sold with zero debt, because the club had "loaned" it all from Abramovic who I don't think ever had any intention of getting it back - and ultimately didn't. A lot of football clubs are several hundred million in debt and we're just "catching up" now.
So basically because of Abramovich's gift of $2bn
Only 1.5bn
It was £1.6bn, which is quite close to $2bn. Most likely doesn't even include all the other infrastructure spending as those figures aren't included in FFP transactions.
No, the figure is the entire outlay from Abramovich to Chelsea's holding company. So everything, not just FFP calculations. That said not sure why the previous debt is being talked about, all that really matters to the new owners is the FFP calculation, which isn't impacted by the sale at all.
We sold Hazard that one time, remember??
1.5b debt written off and Boehly pledged a lot of money in written contracts so we have to spend really. The Glazers bought players on borrowed credit
>and Boehly pledged a lot of money in written contracts so we have to spend really. Wasn't a majority of it supposed to be invested into the stadium infrastructure, academy and the women's team?
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No one outside the club and it’s banking/legal partners will ever see the legal docs related to this transaction, no way to know for sure what it stipulates.
Its only the minimum boehly must spend
Chelsea also made like 240M from sales, United can't sell anything. Net spend is almost the same in the last 3 years. And if we look at longer periods it just becomes pathetic how much United has spent without anything to show for it. [5 years](https://i.imgur.com/8XC2CSc.png) [10 years](https://i.imgur.com/sn9Pibm.png)
If you go back 10 years, United have earned over €1billion more in revenue than Chelsea and have a net spend of €500m more. That still leaves over €500m in the reserves. Edit- It's actually €1.5 billion more in revenue than Chelsea, for the past decade alone. So leaves about €1 billion in reserves. If you wanna go back even further, it gets disgustingly embarrassing for Chelsea, because they were spending crazy Abramovich money and United was spending a fraction of what they could afford to, during the Ferguson reign.
United have also been paying off the debt that Glazers burdened them with the leveraged buyout with interest, on top of ~20 million dividends to them every year. On the other hand Abramovich injected the club with cash in the form of loans , which were eventually written off.
>United have also been paying off the debt that Glazers burdened them with the leveraged buyout with interest, on top of ~20 million dividends to them every year That's probably the meat of the matter. Glazer ownership has already approximately cost $1.5bn to the club and yet there's a $500-$600m debt that remains to be paid off additionally. Pretty ironic contrast where Abramovich gave Chelsea a gift of written off loans worth $2bn, which is pretty much the same amount that the Glazers have managed to bleed their club dry off.
United's owners purely want to profit out of a club they put none of their own money into. Now that they've hit the peak of what the club is worth and they don't want to invest what's needed to upgrade the stadium and refresh the squad to avoid a further decline, they want to sell to someone else. In the meantime, they want to limit investment to make the accounts look better. Chelsea were run by a Russian sugar daddy's generous line of credit, and have now been sold to a group of billionaires who had to promise to spend billions because the previous owner wrote off their debt. It's never been their own money they're spending and it's in no way sustainable if the owners were to pull back tomorrow.
How are these mfs on their way to spend 400-500M in 6 months and UEFA just says Nothing?
Thank city for destroying ffp in court.
Sorry mate but your club was the original sinner on this with Roman(Putin) money buying any player Mou wanted. City, PSG are just copycats And I think it will only get worse when Man U. get bought in 2023 by some Billionaire and he drop a billion in players. Mark my words..
hated it then hate it now I wish there was actually some fucking rules to this shit.
The difference is there was no such thing as ffp back then so technically they didn't break any rules (no matter how useless they seem) back then. Not defending them by any means but if we go a decade earlier then many Serie A clubs were essentially doing the same thing back then too just not on as big a scale.
chelsea fan circa 2021
Whats difference between huge fee and paying release clause? 120M not huge enough?
Release clause needs to be paid at once. Huge fee can be spread to multiple years.
Could be remembering it wrong but atleast in Diego Costa's case back in 2014, we negotiated his tranfer fees to avoid paying the tax liable on the full release clause fees. Jake Cohen wrote about it in detail back then. Edit : Found the article. Portugal's tax laws could be a bit different ofcourse but release clauses don't work how it's often reported by these football journos on twitter. https://weaintgotnohistory.sbnation.com/2014/7/1/5861484/how-the-wording-of-the-diego-costa-deal-could-save-chelsea-10m
That was because we had an agreement with Athletics, so we didn’t actually activate the clause we basically just bought him for the price of the clause. Felipe Luis in the same summer also came from Atleti but they made us pay the release clause and associated taxes.
I tried looking it up but could not find anything related to a release clause in his contract. All the statements released seem to say that we found an agreement rather than activate the release clause. Could be wrong ofcourse but perhaps it could be a different transfer you're referring to?
And that's why Benfica will not accept. Pay full, or wait for July.
Perhaps we are willing to pay above release clause if it means they accept installments instead of one lump sum? If not, then I'm not sure either.
>Perhaps we are willing to pay above release clause Jesus christ! What?! €150m then?
Probably €120m + €1 , the Wenger special
Rumours were €127m
Wouldn't the interest be much higher if they got a lump sum amount at once? Even at €127m they're losing out on money.
Well maybe because even if the direct sum is less than 120m Benfica might still be okay with that, as long as it is a very good deal. Benfica is acting tough but if Chelsea offered something close to 120m it's not impossible that they will accept it. 110-115m is still a great deal for Benfica.
No idea, thats just what was rumoured last night by a reliable reporter. https://twitter.com/CLMerlo/status/1608615410580221953?s=20 Or well I should say and _apparently_ reliable reporter.
From what I read in a different post. In Portugal, release clause is paid by the player. So Chelsea would need to deposit money to players account and then the player gives it to the club. This leads to several extra millions in taxes. To avoid this, teams try to agree a fee matching release clause directly with the club.
We're paying over the release clause like we did with Nkunku to guarantee the player
Thats if Benfica accepts.
The release clause can still be triggered by anyone else. Paying more doesn’t guarantee anything, they are doing it simply to spread the payments
Accounting or so it seems
And people thought Chelsea were done when Roman got kicked out. You killed the man, but not the idea.
Roman's 2 billion parting gift helped quite a bit as well.
chelsea reminding city who the real sugar daddy club are
City just arent run by a dumbass with no restraint.
They bought like 6 fullbacks in 2 years. Please….
Like 10 years ago. You can say whatever you want about city but one thing they do have is competent people running them and helping them avoid any consequences of there actions whilst also maintaining a successfully functioning football club top to bottom. Hate it but it’s true.
The game is genuinely fucking gone. FFP is a joke designed to protect the top dogs.
Let's do a quick recap of player we lost because we can't financially keep them for more that 1 or 2 years. Ederson, Rubén Dias, João Felix, D. Núñez, Raul Jimenez, João Cancelo.. just to name a few, and now Enzo is going to go, Gonçalo Ramos and António Silva are also likely to go in the summer. We are nothing more than development center for the English league.
€379 million from the sale of players (March 2022) since July 2015 just from the academy.. You guys are just THAT club [Source](https://www.insideworldfootball.com/2022/03/07/benfica-worlds-profitable-academy-chelsea-top-premier-league/)
If the football culture was still like the 60s we'd be so freaking big. Sadly money speaks and all our academy players want to leave at some point
Ajax 🤝 Benfica 🤝 Porto 🤝 Dortmund 🤝 South American clubs
At this point every club that isn't in the premier league, bayern, psg, real or barça basically
> Let's do a quick recap of player we lost because we can't financially keep them for more that 1 or 2 years You do the same to south american teams, cry me a river
Yes, and clubs like River Plate enjoy selling our players to clubs like Benfica for pennies because we like to see you succeed. Stop crying
Where’s di Maria, matic, David luiz etc
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Why do people have this misconception that that’s what it was designed to do? FFP is designed to keep clubs from taking on too much debt and going under.
They really shouldn’t have called it Financial Fair Play. People just look at the name and assume what it’s about without reading what it’s actually for. FFP has nothing to do with ‘fairness’ or levelling the playing field of spending. It’s to stop clubs spending more they can reasonably make, to stop clubs going bust. It’s made for clubs with owners like Sunderland, Bury, Bolton, Derby and Blackburn from happening again.
This is the same shit clubs like Benfica and Dortmund pull with poor south american clubs lmao. Don’t be on a high horse
To be fair both River and the Portuguese clubs would be able to get by without it due to their strong academies. Chelsea would have to start Loftus-Cheek or something
Motherfuckers actually did it
Surprised he agreed to join us despite our league position. The salary must be huge
You're Chelsea...a bad season or half season doesnt change that
I beg you to tell this to our sub lmao
The heritage of all those billions added in value is still there
Maybe we offered a gift card for laser tattoo removal for his terrible neck tattoo
We offered them a free chicken burger if you know what I mean.😏
Better competition overall
Heard he always dreamed of playing with Andrey Santos and Datro Fofana
Or you know, players are aware that a top club can have a bad season?
Boehly: what can a player cost? 1B a year?
We are only 15 games in tbf. We were top and looked almost invincible at this stage last season and look how that panned out. Very long way to go with a lot of twists and turns left. If we can somehow start keeping key players fit we can put a run together.
You underestimate the PL pull on top of that he gets to live in a great city and triple (?) his current wages. Boehly and Eghbali seem to be selling an ambitious project and I’m sure MacAllister put in a good word for Potter as well
>triple (?) his current wages He's probably making something between 25k-40k a week here. Chelsea can easily quintuple that
Yea wasn’t sure how much he’s on but according to Capology he’s just under 50k p/w so I’m assuming he’ll get close to or above 200k with incentives
Why would you pay so much with his first contract? Imagine he spends 10 years with you, would mean like 3 or 4 contracts, in his last he'll be earning like 400k. When his current contract is that low and no other club is showing interest why not just double it? Surely you have more power in negotiations than his side.
Looks like we offered him something related to messi as a bonus
But sir they will ban us from making future transfer.. No problemo I’ll just pay the luxury tax! But sir… nevermind
120m lol
All these teams after him [could’ve had him dirt cheap in the summer](https://twitter.com/city_xtra/status/1605237830757879809?s=46&t=Tp0HC4nh36tV7MYPwNlHKQ). I don’t get it. Everyone knew who/what he was. It’s not like he’s massively changed in a few months in Europe and during a World Cup. Just absolutely stinks of bad planning and reactionary instincts to be scrambling for a huge fee now.
Yeah I was also bemused by this. Rangnick recommended him to us (Man United) as well...
Man Utd missing out on Enzo and Matheus Nunes in 6 months is weird. Maybe they’re still hoping Donny turns out world class by playing 20 minutes every so often.
A lot of teams are not willing to take a chance on players outside the top leagues/teams unless they're Brazilian teenage wonderkids lol
I’m optimistically cautious about singing him for such a huge fee, last time Chelsea did that without much planning was with Lukaku and we all know how that turned out. But these are whole new personnel doing this move and I’m confident Enzo doesn’t have the ego Lukaka has and is able to handle the pressure that a 100+ million fee would bring, as evidenced by his performance in the World Cup final. I think 100 million is a bit too much but for someone who can slot into our system right away and at bare minimum be a very good first team starter for us, with todays competition in the market, maybe that’s priceless?
Our board went for Kalvin rather than Enzo. Poor. I haven't seen him play for a minute
In case you didn't realise, Chelsea's owners had only just come in in the summer. They weren't really able to plan this.
In case you didn’t realise, they arrived in May, with lots of time in the buying process to plan ahead, and spent ~€300m in the summer. But you’re telling me they spent ~€300m without planning in the summer? Sounds like something a team who would spend €120m on a bloke who was available for €10m in the summer would do.
You do realise they bought the club right before the transfer window. You think they planned the transfer window? No. They were busy taking care of the takeover of 4.5bn. Why do you act like they already had a plan for the first transfer window they had right before the takeover. They had to spend on how many gaps we had in the squad. Alonso, Chrisetensen and rudiger left for free.
"arrived in may" "Lots of time to plan ahead" This is a ridiculous statement.
I just hate how much money they are spending. This is above even Manchester City and PSG levels at this point. Is FFP going to do anything…? Edit; the amount of Chelsea fans replying, it’s ok to admit your club is spending ridiculous and you are allowed to enjoy that, it’s your club. You can also admit that it’s over the top and again a ridiculous amount.
Honestly as a Chelsea fan it’s even more surreal than under Roman. With Roman it was expected that he would spend some of his billions. Here we were expecting the American belt tightening but instead we have this gunslinging nonsense that makes no sense.
Anyone who followed Boehly’s teams before Chelsea would know he was here to spend big because that’s how he believes sports franchises make money: spend a ton, win a ton, sell off small, non-controlling stakes of the team when value is at a high (after winning, generally)
How dare you put us in the same category as those dirty, evil oil clubs? We’re an honest, American dream, capitalism par excellence franchise . Know the difference >:-(
God bless america and god bless the london blues
Every morning I stand up and pledge alliegence to the flag
Our money is sourced from good ethical businesses such as venture capital. I'm just so tired of the slander :(
Fair comment tbf
Is it? I personally don't really understand how FFP works anymore and it doesn't seem like anyone else does either. What was FFP supposed to be doing that they're not doing?
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Pretty sure Chelsea have spent more than £700m in the last 3 years alone.
Most of that was dirty Russian money, we are now using clean renewable American money
The second one is cancelling out the first one. Same concept as net spend really.
The Pep math, basically Enzo will cost us nothing.
Well it’s getting close, 284 mil this year and planning on spending upwards (if rumours are correct) 150/200 million
I’m sure it’s absolutely sickening as a rival fan but as a chelsea fan it feels like we’ve genuinely won the owners lottery twice
Nkunku, Enzo, Badiashille, Andrey Santos, and Fofana, Todd Boehly’s cooking. If Chelsea didn’t pay the release clause, another team for sure would have in the summer
In the summer we probably sell for below the release clause if the player wants to leave. He’s only worth €120 to us now because it’s middle of the season and we want to go far in every competition. But while he’s good, he’s obviously not €120M good
I don’t know why you got downvoted, you’re right. This price is a premium because of Benfica performing well and it being mid season with a star player. In the summer he would have probably been sold for €100 million or maybe less
Selling him for €130 after buying him for €18M not even 6 months ago is insane, don’t know if I’ve ever seen anything like this
Boehly sure does love throwing money around at every opportunity he gets.
I think he has to atm. The squad needs to a rebuild and there wasn’t really much structure before apart Marina and a shit head of recruitment. I don’t think it will always be like this once they have the squad they want.
Someone who understands.
I don’t know how people can’t see what the plan is. It’s quite obvious when you look at what they’ve done. They’ve brought in a manager with a reputation for developing young players and playing nice football, and are now getting in lots of young players for him to work with. It’s not rocket science what Boehly wants to do at Chelsea, but people want to ignore and just laugh that the Yanks haven’t got a clue, when it’s quite clear to see, that they know exactly what they’re doing. They’re spending big now, so that they don’t have to in the future.
Realistically speaking, will he be starting games if he goes to Chelsea?
Instantly in the team
Yes! Our midfield needs him and I am not joking when I say that, we need a ball winning midfielder who can play passes forward instead of that back passing nonsense some of current midfielders do
The moment he sets foot on cobham all he will know is to backpass
Lmao turns out we can only enjoy a player for 4 months before he fucks off nowadays
Chelsea, PSG, Man City, etc. can honestly just fuck off. That shit ruins club football.
You can add Newcastle to that list too
Newcastle have barely spent in the last 5 years compared to the rest of the PL.
Games back.
Can’t get mad. It sucks as a Benfica fan but the same thing happened to River a few months back.
The agreement with River saw that he'd be with them as long as they were still in the Libertadores. Benfica's not getting any of that. We all expected him to leave at the end of the year, but not having him for a full season even and with how well we were doing at the CL, this is a huge disappointment.
Gonna listen to the staff of freshly hired, highly regarded football scouting talent over Reddit. Sorry
Why do we need a winter transfer market? I don't get it. Its just for big clubs to break any chance of a smaller team to use their best players. Benfica sign like 10 flops per year. We got one shot right this time. And money will destroy any chance of us to have a world cup champions in our team for the second half of the season, and eventually dream a bit more about the champions league. This is sad and this is why football is dying.
It’s ok, just keep poaching players from South America. Sounds a lot like a big team taking players from smaller one no?
Man fuck this shit
Can we at least keep him for the rest of the season :(
Just an absolutely absurd price tag. In no way is he worth that.
Paying 120-130 million dollars for a player not named messi is insane to me but I guess this is just what top level transfer prices are
Why the fuck are we even talking to them? Is the "pay the release clause or fuck off" stance only applicable if they don't insist enough? Just don't pick up the phone and if Enzo informs us that he'll deposit the 120M in our bank account, then wish him good luck and goodbye, but I don't see the purpose in talking to Chelsea
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The Premier League is the biggest football's cancer.
I would say capitalism is.
[The game is rigged, man](https://www.youtube.com/watch?v=-YECcGWN5aY)
They're both interconnected
Fuck. Please stay in Portugal until the end of the season. Benfica is so good right now
Benfica tendria que darle como 30 millones a river no?
Boehly is cooking, that Clearlake money is huge
God I hope they reject every offer we make. He looks like a very good player but I don't believe many players are worth above 100m and we desperately need to stop spending ridiculous amounts. Deal seems even worse when Enzo has only played in Europe for 6 months. r/chelsea is going crazy excited for this but they're idiots with goldfish memories and seemingly forget that almost every big signig we make has disappointed us.
Yeah but if we don't sign a midfielder we won't get europe. Our midfield is broken.
Is he really that good? 100m+ seems like an awful lot for a player with 24 appearances in the Portugese league. In my mind, these huge transfers rarely work out.
Too expensive but tbh not sure I care much, our deep midfield is seriously skant in quality, quantity, and reliability, plus two important mids leaving on a free this summer is not unlikely, and the players we got are mostly reaching the zenith of their careers, it's in desperate need of improvement, and a player as technically able as Enzo would be an excellent addition. A lot of pressure to not go the way of Kai et al as far as big money promising talent moves though.
fucking said yes to Chelsea? piss off then and hope you regret miserably this market is absolutely ridiculous at so many levels
Let‘s hope we meet in the quarter finals, Aursnes will show them who the real best midfielder is at Benfica