| Chelsea spending explained 08:07 - Aug 19 with 3291 views | gtsb1966 |
Long read but one thing I don't get. Take the Mudryk contract for example does that mean that his former club only get the full transfer money after the 8 years and recieve just 10 million a year?
https://www.bbc.co.uk/sport/football/66507341
[Post edited 19 Aug 2023 8:10]
|  | | |  |
| Chelsea spending explained on 14:26 - Aug 20 with 373 views | Kievthegreat |
| Chelsea spending explained on 12:23 - Aug 20 by redrickstuhaart |
But making a loss helps with tax, not with ffp |
It helps because they are spreading the cost of their purchases. FFP is about losses per year. |  | | |
| Chelsea spending explained on 14:27 - Aug 20 with 372 views | redrickstuhaart |
| Chelsea spending explained on 14:26 - Aug 20 by Kievthegreat |
It helps because they are spreading the cost of their purchases. FFP is about losses per year. |
Spreading the cost, yes. You pay over 8 years and its less per year. But amortising them doesn't help with that. |  | | |
| Chelsea spending explained on 16:28 - Aug 20 with 335 views | Kievthegreat |
| Chelsea spending explained on 14:27 - Aug 20 by redrickstuhaart |
Spreading the cost, yes. You pay over 8 years and its less per year. But amortising them doesn't help with that. |
Sorry, I shouldn't have said "spreading the cost" as it's ambiguous and could be taken to mean only paying £10m a year over 8 years which is not AFAIK the case with the Museum deal.
It is all about amortisation i.e spend all £80m in year 1, but only lose £10m per year as that is the amortisation over 8 years. | | | |
| Chelsea spending explained on 21:59 - Aug 20 with 300 views | redrickstuhaart |
| Chelsea spending explained on 16:28 - Aug 20 by Kievthegreat |
Sorry, I shouldn't have said "spreading the cost" as it's ambiguous and could be taken to mean only paying £10m a year over 8 years which is not AFAIK the case with the Museum deal.
It is all about amortisation i.e spend all £80m in year 1, but only lose £10m per year as that is the amortisation over 8 years. |
Its still spent. I dont see how it assists with ffp. They have previously tried to mitigate ffp by spreading the cost, in the books, over the years. Helps a bit but I dont see how amortising does so. They have still spent the money, which is presumably what ffp works on. | | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
