| I see Chelsea made a big profit after selling their women's team on 20:44 - Mar 31 with 2373 views | MK1 |
Smart accounting. Man City have taught them well. |  |
|  |
| I see Chelsea made a big profit after selling their women's team on 20:48 - Mar 31 with 2349 views | vapour_trail |
Fair play to Chelsea, they’re really good at business.
They made a bit profit from selling their hotels to themselves as well. |  |
| |
| I see Chelsea made a big profit after selling their women's team on 21:19 - Mar 31 with 2245 views | bsw72 |
Chelsea have acted completely within the rules. Blame the FA for their ineptitude at how they have attempted and failed to find a way to enforce financial controls to level the playing field. |  | | |
| I see Chelsea made a big profit after selling their women's team on 21:25 - Mar 31 with 2208 views | skinnybob72 |
| I see Chelsea made a big profit after selling their women's team on 20:48 - Mar 31 by vapour_trail |
Fair play to Chelsea, they’re really good at business.
They made a bit profit from selling their hotels to themselves as well. |
What's to stop them buying the women's team back for 50p next financial year before selling them again to the same subsidiary the following season for £200m.
Rinse & repeat every 2 seasons? Just use the women's team as a way to for the owners to inject vast sums of money into what would otherwise be a massive loss making men's team. |  | | |
| I see Chelsea made a big profit after selling their women's team on 22:10 - Mar 31 with 2083 views | Oldsmoker |
| I see Chelsea made a big profit after selling their women's team on 21:25 - Mar 31 by skinnybob72 |
What's to stop them buying the women's team back for 50p next financial year before selling them again to the same subsidiary the following season for £200m.
Rinse & repeat every 2 seasons? Just use the women's team as a way to for the owners to inject vast sums of money into what would otherwise be a massive loss making men's team. |
"What's to stop them buying the women's team back for 50p next financial year before selling them again to the same subsidiary the following season for £200m."
That's a valid point and the only thing would be the shareholders disapproval and subsequent sacking of board members.  |  |
| |
| I see Chelsea made a big profit after selling their women's team on 22:12 - Mar 31 with 2079 views | backwaywhen |
| I see Chelsea made a big profit after selling their women's team on 21:25 - Mar 31 by skinnybob72 |
What's to stop them buying the women's team back for 50p next financial year before selling them again to the same subsidiary the following season for £200m.
Rinse & repeat every 2 seasons? Just use the women's team as a way to for the owners to inject vast sums of money into what would otherwise be a massive loss making men's team. |
Makes you wonder if other teams follow their example of crooked accounting allegedly, can we do it I wonder ? | | | |
| I see Chelsea made a big profit after selling their women's team on 22:27 - Mar 31 with 2003 views | Kievthegreat |
| I see Chelsea made a big profit after selling their women's team on 21:25 - Mar 31 by skinnybob72 |
What's to stop them buying the women's team back for 50p next financial year before selling them again to the same subsidiary the following season for £200m.
Rinse & repeat every 2 seasons? Just use the women's team as a way to for the owners to inject vast sums of money into what would otherwise be a massive loss making men's team. |
I think HMRC might have some thoughts it.
Selling a asset at market value (Could argue that it's overvalued still) is easy to do as a one time thing. However selling it back and forth in that rinse and repeat is straight up fraud and HMRC would be on that very quickly. |  | | |
| I see Chelsea made a big profit after selling their women's team on 22:34 - Mar 31 with 1978 views | MattinLondon |
Football has always been crooked - in the days of the maximum wage I wonder how many brown envelopes stuffed with cash were given to the club’s better players to keep them sweet. |  | | |
Login to get fewer ads
| I see Chelsea made a big profit after selling their women's team on 22:40 - Mar 31 with 1926 views | HighgateBlue |
| I see Chelsea made a big profit after selling their women's team on 21:25 - Mar 31 by skinnybob72 |
What's to stop them buying the women's team back for 50p next financial year before selling them again to the same subsidiary the following season for £200m.
Rinse & repeat every 2 seasons? Just use the women's team as a way to for the owners to inject vast sums of money into what would otherwise be a massive loss making men's team. |
There are rules relating to assets being acquired otherwise than in an arm's length transaction.
I'm not saying they're watertight, or enforced with vigour, but they are there. |  | | |
| I see Chelsea made a big profit after selling their women's team on 23:24 - Mar 31 with 1797 views | vapour_trail |
| I see Chelsea made a big profit after selling their women's team on 22:34 - Mar 31 by MattinLondon |
Football has always been crooked - in the days of the maximum wage I wonder how many brown envelopes stuffed with cash were given to the club’s better players to keep them sweet. |
This is true to an extent, but it terms of finances, it is royally fcked.
The movement of ownership of community assets from local rogues to autocratic nation states and hedge funds  has irreversibly changed the game in a negative manner in this country.
All IMVHO of course.
But I'm right. | |
| |
| I see Chelsea made a big profit after selling their women's team on 23:27 - Mar 31 with 1794 views | SE1blue |
We need to think outside of the box. Perhaps it's time for us to launch a Bluey hoof-fetish site.
#onlyhooves |  |
| |
| I see Chelsea made a big profit after selling their women's team on 23:42 - Mar 31 with 1739 views | PhilTWTD |
| I see Chelsea made a big profit after selling their women's team on 23:27 - Mar 31 by SE1blue |
We need to think outside of the box. Perhaps it's time for us to launch a Bluey hoof-fetish site.
#onlyhooves |
One of my friends made Bluey, so I suspect we could get hold as many hooves as could ever be required. |  | | |
| I see Chelsea made a big profit after selling their women's team on 23:52 - Mar 31 with 1696 views | hoppy |
| I see Chelsea made a big profit after selling their women's team on 23:42 - Mar 31 by PhilTWTD |
One of my friends made Bluey, so I suspect we could get hold as many hooves as could ever be required. |
Really? That would be crazee. |  |
| |
| I see Chelsea made a big profit after selling their women's team on 07:34 - Apr 1 with 1361 views | bsw72 |
| I see Chelsea made a big profit after selling their women's team on 22:12 - Mar 31 by backwaywhen |
Makes you wonder if other teams follow their example of crooked accounting allegedly, can we do it I wonder ? |
Chelsea women’s team has a very high market value, probably one of the highest in world (women’s) football being serial league winners, packed with internationals, regular on terrestrial and satellite TV. Therefore Chelsea can apply a decent fair market value to the deal.
Not sure how ITFC are structured, but even if we could act in the same way, I doubt it would give the club much more than a high 6 figure sum. | | | |
| I see Chelsea made a big profit after selling their women's team on 09:29 - Apr 1 with 1182 views | Ryorry |
Your post was 3 hrs & 19 minutes early Dub. |  |
| |
| I see Chelsea made a big profit after selling their women's team on 09:41 - Apr 1 with 1139 views | WeWereZombies |
| I see Chelsea made a big profit after selling their women's team on 23:52 - Mar 31 by hoppy |
Really? That would be crazee. |
Fetish or fetlock ? |  |
| |
| I see Chelsea made a big profit after selling their women's team on 09:49 - Apr 1 with 1101 views | Swansea_Blue |
| I see Chelsea made a big profit after selling their women's team on 21:19 - Mar 31 by bsw72 |
Chelsea have acted completely within the rules. Blame the FA for their ineptitude at how they have attempted and failed to find a way to enforce financial controls to level the playing field. |
Agreed. Ultimately it’s lax regulations that allow this to happen. It still kind of stinks and isn’t particularly moral, but it is allowable. |  |
| |
| I see Chelsea made a big profit after selling their women's team on 09:50 - Apr 1 with 1101 views | Churchman |
It’s been going on for years. Real Madrid used to sell their training ground to the government for millions and buy it back for a Euro or two every year. No doubt stunts like that are happening in various ways all over the place.
Money, greed, corruption. It is so fashionable. From Trump to Chelsea, rules? Nah, they’re for mugs. |  | | |
| I see Chelsea made a big profit after selling their women's team on 11:25 - Apr 1 with 938 views | ArnoldMoorhen |
| I see Chelsea made a big profit after selling their women's team on 22:27 - Mar 31 by Kievthegreat |
I think HMRC might have some thoughts it.
Selling a asset at market value (Could argue that it's overvalued still) is easy to do as a one time thing. However selling it back and forth in that rinse and repeat is straight up fraud and HMRC would be on that very quickly. |
HMRC would only get involved if the purpose was to avoid or evade tax.
If, in a hypothetical example, a sporting business sold an asset to a subsidiary at a profit, and declared that profit for tax purposes then HMRC would have no issue. | | | |
| I see Chelsea made a big profit after selling their women's team on 11:56 - Apr 1 with 863 views | BlueMoon |
Maybe Ashton is waiting until our ladies team is promoted.
They’ll be worth more as a Championship team 🤑 | | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
