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richard

Chelsea Finances Thread

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The wages work out at just less than £175k per week, not sure where you got £450k from. I'd be interested to know the basis on which the agent's fee was 'confirmed'. Presumably you have to watch the podcast to find out and I cba.

If Arsenal really paid Luiz's agent £6m to take him for one year then it doesn't sound like anything out of the ordinary anyway.

That excerpt was taken from a very pro-Liverpool anti-Chelsea article on written on the bbc I believe, somebody posted it last week. If you did a similar break down on Van Dijk for example his total cost was probably close to £150m, agents fess and wages are a part of any transfer albeit yes they can ask for more when the transfer fee is pre determined. You could even do a breakdown for Gerrard or JT with all the wages and agents fees, and argue they cost x00m to their team over the course of their time there.

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34 minutes ago, Lump Of Celery said:

The wages work out at just less than £175k per week, not sure where you got £450k from. I'd be interested to know the basis on which the agent's fee was 'confirmed'. Presumably you have to watch the podcast to find out and I cba.

 

whoops - over confidence in my maths - quite right.
Likewise I cba to watch podcast.

I fully accept that the numbers were likely to be dodgy, and I cocked up on the arithmetic. 
Given the track record of the BBC author it may be entirely fictional.

I just wanted to point out the difference between "release prices" and potentially actual numbers.

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paulw66   
On 01/04/2020 at 5:16 PM, East Lower said:


 

Still no news from Chelsea as to how they may proceed or even acknowledging they have this issue to deal with. 

In case anyone was wondering, the proportionate amount of unused matches this season are being discounted from next year's renewal, or if the ST holder prefered, were offered a full pro rata refund for those games. 

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18 hours ago, paulw66 said:

In case anyone was wondering, the proportionate amount of unused matches this season are being discounted from next year's renewal, or if the ST holder prefered, were offered a full pro rata refund for those games. 

Yes, indeed there were three options offered:

  1. Pro-rata based refund on home and away ST's
  2. Discount on next season's ST's
  3. Donate the money to a Chelsea FC nominated charity

Any other tickets purchased (LCFC FA Cup Quarter Final was an example or CL Away) were straight refunds.

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paulw66   
6 minutes ago, East Lower said:

Yes, indeed there were three options offered:

  1. Pro-rata based refund on home and away ST's
  2. Discount on next season's ST's
  3. Donate the money to a Chelsea FC nominated charity

Any other tickets purchased (LCFC FA Cup Quarter Final was an example or CL Away) were straight refunds.

What did you go for? I took the credit for next year. Whenever that is. 

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8 hours ago, paulw66 said:

What did you go for? I took the credit for next year. Whenever that is. 

I took the money and ran. 
 

Thoughts were fairly basic - in so much as that at the time of making the decision I didn’t think we’d get to attend matches again this calendar year and the money is better with me than the club and it’s £600. 

I budget each year for the ST costs, so getting some back was a bonus and I just start again next season. 
 

If there’d have been an option 4 of giving up the whole of the amount to ensure the season went null and void, I’d have happily donated!

I’ve donated a bit to charities of my choice (animal welfare related) and bought a small shed!!

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Ham   
1 hour ago, East Lower said:

I took the money and ran. 
 

Thoughts were fairly basic - in so much as that at the time of making the decision I didn’t think we’d get to attend matches again this calendar year and the money is better with me than the club and it’s £600. 

I budget each year for the ST costs, so getting some back was a bonus and I just start again next season. 
 

If there’d have been an option 4 of giving up the whole of the amount to ensure the season went null and void, I’d have happily donated!

I’ve donated a bit to charities of my choice (animal welfare related) and bought a small shed!!

Well played.  👍

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Rob B   

Really good thread here on Chelsea’s finances with our spending this window, the transfer ban, FFP etc...

 

 

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1 hour ago, Rob B said:

Really good thread here on Chelsea’s finances with our spending this window, the transfer ban, FFP etc...

 

 

All looks good (once you accept the figures are guesswork, albeit convincing). Have UEFA been specific about what the FFP relaxations are?

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paulw66   

Wasn't sure where to post this, but did you see Spurs have hired Trevor Birch, the ex Chelsea cheif exec.

Not particularly interesting until you consider his speciality is dealing with clubs in financial trouble. Was hired by Chelsea when Bates had over stretched, and then went to Leeds when they went into administration. 

Edit - from his Wiki page, there is a common theme. Clubs in trouble 

In 2002, he left Ernst & Young to become Chief Executive of Chelsea, where he led the £180 million sale to Roman Abramovich in 2003.[4] After the sale, Birch chose not to stay at the club and in October that year was appointed Chief Executive of Leeds United, overseeing the takeover by a local consortium. He then moved to Everton in June 2004 to become Chief Executive. Birch was given the task of overhauling the Merseyside club's finances, but resigned after a disagreement over strategy with the board and major shareholders.[5]

Since then Birch has been a partner at Deloitte and Chief Operating Officer of Sportfive, the largest football rights agency in Europe,[citation needed] as well as holding other Chief Executive roles at Derby County and Sheffield United.[6]

He returned to the accountancy profession in 2011 and undertook the role of Administrator at financially troubled Portsmouth. Under his stewardship the club was sold to the Pompey Supporters' Trust, with Birch performing a similar feat as Administrator at Heart of Midlothian in 2013.[citation needed] He subsequently undertook an advisory role to the Board at Bolton Wanderers in late 2015 which finished in March 2016 on the sale of the club.[citation needed]

He joined the global valuation and corporate finance advisors Duff & Phelps as a Managing Director in January 2017, having previously led the professional sports group at global advisory firm BDO International.[6]

In March 2017 Portsmouth confirmed that they had retained the services of Mr. Birch during a period of negotiations with Mike Eisner and his investment vehicle Tornante regarding a takeover of the club.[7]

He became chairman of Swansea City on 18 March 2019.[8]

He became Director of Football at Tottenham on 1 September 2020.[9]

Edited by paulw66

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