Chelsea post losses - total joke the PL rules.

So Chelsea post £145.6 million loss today for last tax year.

Chelsea FC PLC continues to be supported financially by Fordstam Limited, a company owned by Roman Abramovich - with confirmation in the accounts that the club owes more than £1 billion to "related companies". :s

The accounts also say that "the company is reliant on Fordstam Limited for its continued financial support". It says Fordstam has indicated support will continue "for the foreseeable future". XD

Chelsea's accounts also say there is £24.1million OWED due to unspecified 'ongoing legal matters' - while the club also decided an "impairment loss" of £17.9m was necessary against the value of its squad. :confused:

The club adds that under a "severe but plausible downside scenario of football being played behind closed doors in December 2021 and January 2022" it would be reliant on additional funding from Chelsea FC PLC, with further funds needed if the financial impact of Covid-19 were even more severe.

PL fair play rules & competition wise = Total joke !

Quote:

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Originally Posted by Monaco_Totty

So Chelsea post £145.6 million loss today for last tax year.

Chelsea FC PLC continues to be supported financially by Fordstam Limited, a company owned by Roman Abramovich - with confirmation in the accounts that the club owes more than £1 billion to "related companies". :s

The accounts also say that "the company is reliant on Fordstam Limited for its continued financial support". It says Fordstam has indicated support will continue "for the foreseeable future". XD

Chelsea's accounts also say there is £24.1million OWED due to unspecified 'ongoing legal matters' - while the club also decided an "impairment loss" of £17.9m was necessary against the value of its squad. :confused:

The club adds that under a "severe but plausible downside scenario of football being played behind closed doors in December 2021 and January 2022" it would be reliant on additional funding from Chelsea FC PLC, with further funds needed if the financial impact of Covid-19 were even more severe.

PL fair play rules & competition wise = Total joke !

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Always have been and always will be when the bigger clubs have a say in their formulation. Always suspected part of the support for them was to pull up the rope ladder behind the clubs that had spent the money already.

If an owner is rich enough let them spend the money so long as it isn’t just loans but actually investing and committing funds forever to the outgoings incurred and for the full period of the liability.

If you want fairness in football then there would need to be some form of draft system and central funding but none of the owners would vote for that.

Financial fair play always has been and always will be a joke. There is no such thing and until something is done about it, it will just continue to destroy the game.

If the rumours are true and somebody pays Rudiger 400k a week, the game really has gone mental.

The fact Chelsea can do this, not long after coming out of a transfer ban just makes a mockery of the system, dock them points then they will soon stop financially doping their team