True Blue Gary

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Posts posted by True Blue Gary


  1. quote:Originally posted by Dan Murphy

    Does anyone else find it amusing that they describe Veron as a write-off?!


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    In football financial terms, players are considered as assets. hence when you remove an asset in terms of being obsolete or dis-used or as a loss-generating asset it is considered as a write-off.

    Veron is considered as obsolete, hence a write-off.

    Mutu is more of a dis-used asset. An asset that can still generate added-value but under exceptional circumstances is removed for exceptional reasons.


  2. Another thing

    £25.5m loss on Umbro cut-off (so that we can gain extra revenue of the next few years)

    £9m loss on Veron (to save two years of Veron wages)

    £5m on recruiting Arnesen (to reap talented youth in near future).

    So £40m of those loses are for the benefit of Chelsea FC. The Veron situation is more of a case of mitigating the loss.

    Only the £13.8m loss of Mutu (although I would say £11m as he gave us a good year in his first year) is an ACTUAL significant loss.

    The other £86m needs to be broken down further to be examined, I would assume it mainly consists of the transfer fees and the wages overriding the revenue.


  3. Being a fully qualified accountant and reading Kenyon's statement. It is not as bad as it sounds. In fact the £140m figure was what I was expecting. I knew Chelsea would squeeze in the extraordinary costs this year. This will ensure the 2009/10 to break-even.

    Expect to see 3 more financial years of losses before witnessing a profit.


  4. Now can he actually come back and help us to find the next Theo Walcott or Wayne Rooney.

    I haven't seen us snap up any wonderkids yet since Arnesen's arrival.

    I appreciate it takes a while, but it only took Arnesen 2/3 months when he got Tom Huddlestone for Spurs.


  5. quote:Originally posted by Vendetta

    Good to see that he's recovering well but I dont think anyone should rush him to play.


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    Agreed. But he is the David Beckham of Ghana. The Ghanians will want him to come over and play even if he had two broken legs!


  6. quote:Originally posted by Richard Redmond

    Mancienne did excellently both as captain and centre half. Harry Worley scored a cracker from 25 yds and he's a centre half too of course. Scott Sinclair looks excellent up front, though he didn't get too many opportunities to shine last night. Perhaps 4 of these boys look like they could be pushing to be in the first team squad in 5 years time.


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    Maybe Scott in 2 years time?