Will Chelsea avoid breaking Premier League PSR? | Finance expert Kieran Maguire takes a closer look
► Subscribe to Sky Sports News: bit.ly/SkySportsNewsSub
Football Finance expert Kieran Maguire takes a closer look into Chelsea's spendings for the last season and whether they risk breaking Premier League Profit and Sustainability Rules.
#SkySportsNews #SkySports #chelsea
► For the latest developments on this story: qrcode.skysports.com/skysport...
More from Sky Sports on KZhead:
► Sky Sports Retro: bit.ly/SkySportsRetroSub
► Sky Sports: bit.ly/SkySportsSub
► Sky Sports Football: bit.ly/SSFootballSub
► Sky Sports Boxing: bit.ly/SSBoxingSub
► Sky Sports F1: bit.ly/SubscribeSkyF1
► Sky Sports Cricket: bit.ly/SubscribeSkyCricket
► Sky Sports Golf: bit.ly/SubscribeSkySportsGolf
► To enquire about licensing Sky Sports News content, you can find out more here: www.skysports.com/more-sports...
Always better to have a ‘finance expert’ explain the ins and outs of this financial maze than these numpties on SKY. 😂
id rather he explains team selections than the idiots they have on.
100% Agree and Kieren Maguire is very good, HOWEVER he has completely missed the very important element of these accounts and that's that the Hotel has NOT been approved by the PL. Chelsea's Directors even state this as a Directors notation: "The consideration for the transaction (referencing the sale of the Hotel) is subject to Premeire League assessment under their associated party rules, this process is still to be concluded, therefore there is still a possibility that the Premier League determination of a fair market value, may differ from that recognised within these financial statements. The Directors note that the conclusion of this process may result in material change to gain the recognised in these financial statements."
@@guy4375 And if the premier league disagrees/rejects said sale to help balance the books, then the inevitable challenge through lawyers will happen leading to it being drawn out for who knows for sure how long.🤷♂️
@@johnbrand1893 I thin we are all conditioned by how Citeh operate. The fact that Chelsea's Directors specifically state that "market value" has to be agreed and hasn't yet would indicate that it wouldn't fall under a long drawn out legal case (I'm guessing). The key thing here is how much a property is worth, that's relatively easy to assertain but the big spanner in the works here is said property will be demolished shortly to make way for stadium redevelopment. With this in mind the question is why would any entity spend tens of millions of pound on a property it already owns to then knock it down.
Hold on!! He sold those hotels to his own business!! So sold them to himself!!
Bohelys isn't the Chelsea owner.
Than todd will make company privatized like ethad no one can track there money laundaring came from 😊
Todd Bohely the master of finding loopholes
It's been done before. A loophole isn't the same as breaking the rules or cheating, it's simply using the rules to gain an advantage, to do the best for themselves.
So we sold the hotels from Chelsea Holdings PLC (the club) to BlueCo22 (our parent company, set up by Boehly/Clearlake/Wyss etc when they bought us). It sounds illegal but it’s actually perfectly legal which is quite funny. Our ownership have basically been exposing the PL’s stupidity 😂
They'll get away with it just like Man City, regardless. Different rules for different teams.
Nah you just don’t know the rules properly nor do you know about our finances nearly enough to have an opinion
They’re just cheats, always have been. Top teams get so much favouritism just look at Man Us penalty and bournemouths non penalty at the weekend
Guys just chill! Reason fans watching football because of big teams. How football market works?
@@mdhowlader2295only fair weather ones, pal.
Most of man city's charges are based on illicit actions not only ffp charges hence the reason it's taking longer to have a decision than the examples of Everton and forest. So not different rule for different teams just different rules for different sports. Think of it this way, imagine an American NFL fan watching Chelsea vs City and saying why doesn't thiago throw the ball to Enzo so he can run in for a touchdown. That level of stupidity is basically what ppl who know better see when they read your comment
More to the point when are the authorities going to deal with the 115 charges against Man City ? This year, next year, sometime, never.
October this year. The charges are related to fraud so are far more serious hence the longer time from City being charged to the hearing.
WHAT ABOUT MAN CITY!! 115 CHARGES. STILL THEY ARE ALLOWED TO KEEP WINNING TITLES.
They loves us
Charges have to be proven. Court date has already been set.
Don't blame City. Blame Arsenal and Liverpool for losing their games 😂😂
Charges, innocent until proven guilty.
Keep crying every week for the next year. Lol
Selling a hotel to yourself is mad, even as a Chelsea fan, more bizarre things may have happened under Abramovic.
No one especially outsiders can not stop the absolute ingenuity of these businessmen loopholes it's brilliant to see now as a Chelsea fan let's some performance on the pitch not a spreadsheet...
@@couturecriminal8330They do seem clued up on financial regulations. Shame the team has regressed spectacularly on the field, since the takeover. Had Pep given assurances to Palmer, you'd be even further from Europe than you currently are.
Boehly is just a mastermind when it comes to loopholes I just wish he was a mastermind when it comes to football
It's a technical matter - they're not really selling it to themselves, they're moving the asset from one business to another. Who owns those businesses clearly isn't defined in the rules, and therefore nothing is broken.
You don’t need a finance expert to know we’ll be fine… Todd Boehly isn’t clued on when it comes to football but the business sides of things he’s second to none… Just sold our hotel to a company owned by Bohely which gives us £76.5M then people forget Mounts transfer is on the books for this financial year as it took place after July 1st so that’s £55M already on the books. Lewis Hall has just been triggered that’s another £28M, Maatsen is likely to be bought by Dortmund by triggering his £35M release clause, Roma are very likely to to buy Lukaku on a permanent which has a £35M option to buy and then you’ve got players like Kepa, Chalobah, Gallagher, Malang Sarr that will possibly get sold as well…
Nope, Mount's is on last year's.
@@a-walpatches6460 according to Ben Jacobs its on this years
Yeah, like last season right? When you sold off Mount, Havertz, Loftus Cheek, Pulisic, Koulibaly, Kovacic, Mendy and Ampadu in order to make your team considerably worse? Because as far as your fans seem to say the new players you brought in are all good, yet, you're mid table again. What gives you any hope you'll be better than mid table next season? You're selling your only decent players in order to keep below average ones at the club, but because you're all deluded you think that's a smart plan that's going to pay off. I honestly mean this, PLEASE, keep doing what you're doing. I'm glad to see your plastic little club returning back to where it belongs. 100 years of irrelevance, 20 years of corruption, now you're heading back to nothingness.
@@a-walpatches6460 No he isn't. Literally came out that we didn't put him on the books for last year.
@@TJW-YT you’re talking about on the field stuff which has nothing to do with this video… completely different convo I’m talking strictly finance
I believe it was 2 hotels Chelsea sold to themselves for 75.6 million pounds. This might buy them some time. Loophole FC Btw, for the record, Boehly is a 15% shareholder. Clearlake owners are majority owners and make all the decisions - Jose Feliciano and Behdad Eghbali. Wyss and Walters also have minority shares. The entire gang are the Loophole FC
A loophole isn't cheating, or breaking the rules. So what are you complaining about?
What a compliment, hahaha. They just show you how to use your brain, to find a loophole. While all this time you are living in a hole.
Exploiting Loophole is cheating regardless of however you look at it
Bruh they sold most of their players.... What are they talking about
Exactly think they're investigating about abramovic era
@@michaelpierce826 yes but that’s got nothing to do with FFP that’s to do with Roman using offshore companies to pay agents etc
@@PedroNeves-hm5xm They need to make up some stories don't they? 💀
But they bought lots of players and don't have UCL money to mitigate.
@@russellward4624 look how many sold and loaned first.?
quick answer yes
There's a reason why Todd and Baghdad manage 175billion in their investment firm.
Ofc they will along with the rest of the top 6
What about the 115 charges club?
Yeah we all know nothing is going to happen to Chelsea.
And rightly so if we sell over £100M of assets this summer we stay complying with PSR
When the government makes you sell the football club, everything else seems minor.
Because there is nothing to answer ... Honestly the amount of jealousy for the Abramovic era is hilarious to us. Saying that we have the worst ownership in the premier league so every rival can mock us.
@@Jack-ni4ft we ruined a lot of childhoods man can’t blame them for wanting us to be in the mud lol I would to 😂🤷🏽♂️
cheaters cheat
The financial experts who said they’d be done
imagine breaking the rules and being rubbish at same time..
Sounds like Hamas
F Palestine
@@danielalbo4994👍👍 😂😂😂
Except we didn’t break any rules sherlock
they broke the rules?
They better make sure they got the market value of those hotels right. Otherwise this is pretty much the same thing City did with their inflated sponsorship deals from connected companies and could lead to similar charges of false accounting.
They did. Was independently valued twice. Chelsea sit on the most expensive real estate of any football club in the world. Ironically this almost lead to them folding during the early 80's, after the freehold had been sold to Marler Estates, who wanted to develop the land. Then they themselves were bankrupted by the 1992 market crash and the ownership reverted to the club.
They'll sell more academy players and they are also getting more than 150m from the club world cup They'll be fine...
When it comes to building a team the new owners of Chelsea have a lot to prove but when it comes to navigate the financial side i fear all these 'experts' talking about Chelsea are at least a step behind and just don't understand much. Boehly&co is proving them wrong time and again!
Yh signing rubbish players over the odds and putting them on 10 year contracts agahahahahahah
@@scotty90 I said that they have to prove a lot in terms of building a team! You don't not understand English or you're just not very bright? Ahahahha !
@@Xebthebarbarian I'm sure sticking players on 10 year contracts that are flipping has something to do with the financial side, scrambling to meet FFP already with zero signs Chelsea will be playing CL football anytime soon. But you think he's proving everyone wrong?
@@scotty90 he meant on the financial/ business side of things sherlock
@@PedroNeves-hm5xm business side of things? Literally scrambling to meet FFP do you see any off the other big six clubs struggling? But yh you must be right he is proving everyone wrong when it comes to finances 😂😂😂
love how the financial expert got facts wrong, giving players 8 and 9 year contracts wasnt outlawed, amortisation was reduced to a maximum of5 years. some expert, what else has he got wrong?
and also the change did not apply retrospectively so all the previous long contracts (i.e all of them) can still be amortised over the longer period.
Err Chelsea actualy state (Directors notation) within these accounts that "The consideration for the transaction (referencing the sale of the Hotel) is subject to Premeire League assessment under their associated party rules, this process is still to be concluded, therefore there is still a possibility that the Premier League determination of a fair market value, may differ from that recognised within these financial statements. The Directors note that the conclusion of this process may result in material change to gain the recognised in these financial statements." Basicly the PL have not approved the sale of the Hotel (yet). What is confusing is Chelsea produced and signed off these accounts on 20th Dec 23!!!!!! Because they are dodgey as hell they didn't submit them until last week (and even then they didn't post them online but posted them hard copy to delay their publication even further - NOTHING TO SEE HERE!!! loooool), which means that the PL might have approved the sale of the accounts during last week Dec '23 - 1st Week April '24.
Hasn’t done them any good the last 2 seasons though 😂
Course they will
Chelsea will unfortunately get bailed out ( as they were with Koulibaly), given that Saudi Arabia's Public Investment Fund [PIF] have billions of pounds of assets managed by Clearlake. Who own the majority stake in Chelsea. No conflict there...
Imagine if they have to sell Cole Palmer to meet FFP rules! Pure banter.
Todd Boehly pissing on these financial experts 😂😂😂 praying for our downfall won't work
Todd is a genius
So at Newcastle say, could the owners “sell “ the stadium to Amanda Staveleys company for £200 million then, she could plough that back into the club?
Yep
They could sell it to her, yes, but she couldn't plough it back into the team.
Chelsea getting away with this while the premier league accused Everton of failing to anticipate the Salisbury poisonings & punishing Forest for waiting to get the best price for Brennan is a disgrace
So being smart is breaking the rules?
Because Everton broke the rules, Chelsea bent them. 2 different things.
what are CFC getting away with, come on explain....... But you dont know do you. when youve educated yourself on these matters. come back and comment, until then i`d keep my gob shut
Lewis Hall 28 million, 4 million from Fulham for Broja, 60 million for the hotel. Done! 😂😂😂 Over to you, City! 😂
Maatsen Lukaku as well that’s another £65M
Clearlake main investors are Saudis…they sold a bucket load of players to the Saudi league last summer…now the hotels…why is any of this surprising? City, Newcastle and Chelsea are not the same as other clubs…
How does 5% constitute being 'main investors'?
At Newcastle, Mike Ashley sold strawberry place to himself and gave the club nothing, so at least Chelsea are getting something 🤣🤣
How can they get away with selling hotels to the same owners 🤔
only appears in efl rules
If ther anything like city then yes they will get away with it
Quick one of the big boys is in trouble. Let’s allow the, to cook the books
Sold a Hotel to themselves!!! Just like Derby sold their stadium to themselves...at an over inflated price also
Chelsea and city better get a point deduction because I’m not having my team get deducted 4 points and then getting away with it.
getting away with what exactly ? you dont know do you ? if you do please enlighten us
Only because the Prem will change the rules for them
When ever Chelsea win two matches they start talking of PRS, they really want Chelsea to be loosing
Lukaku is out of contract in the summer. Amortisation and wages probably saves the £35m a year. They can shift sterling too they should be ok going forward even without cl.
Who is going to buy Sterling and pay his wages?
Lukaku still has 2 more years in his contract
Ye GL selling them two. lol
@@GamingRobioto saudi clubs.
@@shayanahmed9030 not according to transfermarkt.
Don't worry boehly will find a loophole like he always does! 😂
It doesn't matter if it's football or governments, money talks and has proved you can literally get away with murder in some cases
Different teams, different rules. Just like with refs, VAR and PGMOL the so called big six will get a free pass while the teams struggeling will be punished.
Not Different rules you just don't understand ffp and psr.
CRAP, you havnt a clue whats going on do you. and then you cme out with such bull
@@harryevans1347 99% of those who are slaying Everton have no idea what is going on either. Pretty sure you and that Russel guy are two of them.
@@russellward4624 Selfprojecting?
@Haakonisak bro you're the one with the tinfoil hat. Claiming the PL is protecting City while charging them.
Corruption in the Premier League
Just sell the players they don’t need, Gallagher, Chalobah and Broja, no problems.
Of course they will. Top 6 sell subscriptions, can't have a subscription seller not doing well.
Still considering them to be in the top six?... How long will that shield last if you continue to underperform? Aston Villa are currently fourth and are historically massive.
@@stuartrowland4818Idk. How many “Top 6 Clubs” ain’t won much of anything important in almost 5, over 10 or at least 20 years? Most of them. The dominant club, in recent years has 115 charges. No one who actually reports on or blathers on about football for a living, has demonstrated the ability to accurately forecast clubs’ future fortunes. It’s a crapshoot. Most don’t get the Top 4 correct, much less the entire table. What special sight do you possess, beyond wishful thinking, that makes you think that can? You’re far more convinced of your expertise than I am.
Todd Bohely and Co keep exploiting loopholes and making this scar media strategy look foolish and other fans questioning their owners decisions.
The scamming in football is something else
Can we just relegate Chelsea... . Fair enough I might not like Chelsea but does that mean I am just a hater because I don't want other clubs cheating etc.
Of course they will outspend everyone in th upcoming transfer market because these rules where made for clubs with less financial power
Short answer, no. Nothing is going to happen. Per usual
Americans are intelligent. Its cake walks for them.
Doesn’t a lot of this have to do with Boehly effectively saying “don’t worry, I promise NOT to ask myself for the enormous sums of money that this monstrous fiddle owes me, so don’t worry about it”…?
losers...chelsea wont get into financial trouble....we have the best in class .....todd boehly finding loopholes everywhere
Boehly when it comes to finance is second to none I just wish he’d have a clue about the football side of things…
@@PedroNeves-hm5xm he get it right soon
Association with PIF certainly helps. No-one else would have gotten Koulibaly off the books.
@@stuartrowland4818 yeah yeah Liverpool made more profit from the Saudi league than we did… acting like Koulibaly is some average player he was the best CB in italy for the last 5 years prior to Chelsea
@@PedroNeves-hm5xmexactly 💯
That so called finace expert knows nowt seen him get more wrong than right
Kieran Maguire yayyyyy😒
well they just sold their hotels to themselves so they found another loop hole hahaha brilliant league city and chelsea having a field day abusing the system
Don’t hate the player hate the game…
The hotel is literally connected to the stadium so I don't see the problem?
@@parmaman8551yeah it’s just smart business lol…
@@parmaman8551 the funny thing is as i said they sold it from 1 entity to another entity they own thus covering themselves thats why it funny how no one in the league governance didnt think about blocking this and it took Todd B again to expose another loophole that all the other dumb clubs didnt look at as a way to getting around PSR/FFP
@@PedroNeves-hm5xm They are still failing PSR unless they sell players and even then, more assets might need to be sold. You have no idea what's coming.
They might as well not have any financial fair play rules.
what do you think big business and millionaires do ? they find loopholes, its very common, ITs NOT CHEATING ffs.
I hope he’s not like one of those Covid experts that were wrong about everything
Probably it only affects clubs that aren’t in the so called”top six”, corruption at its best.
These guys have an absolutely high business acumen. Loopholes are just something they learned when kids. They’re 10 steps ahead….
Teams doing that here and there for years no one bats an eye (signing players to super long term contracts) chelsea does it a few times in one window and everyone losses their minds lol
New week, same story. Keep milking it!
FFP is business. Not football. We need to adopt the German 50% rule
Is it another international break? 😂
SkySports add no value the average punter knows better than some these clowns
Man City are looking to expand😮They can’t fill it as it is!
So basically he doesn't know
Corruption in Football…
The amount of jealousy from rival fans because of the Roman empire era. 😭
Jealous of ninth? With a billion spent?
Actually, I liked the Abramovich era. I don't hate people because the government wishes it so. I find the current era enjoyable too, but for a very different reason 😁
@@georgemorley1029 learn to read
🥶
Yet they will get away with it
get away with waht exactly einstein ? pray tell
I wonder why Chelsea and City feel like they have too much power to be touched
dont be so idiotic and stupid.
chelsea have never been charged, stop the tears
Preach mate👌
"...have yet to be charged" is a more accurate statement, given the regulations only started in 2015.
@@stuartrowland4818 pretty sure the charge will never come x
@@stuartrowland4818 if buts and maybes
If there short on FFP maybe they could sell another hotel disgusting
its called loopholes, not illegal and anyone with millions and millions in the bank use them the world over. educate yourself on the matter ffs.
@@harryevans1347 educate the premier league Harry they are the ones who’s letting the septic 6 get away with murder they don’t want the likes of Newcastle and Villa challenging up there City will get away with with there discrepancies we all know that just like yous will
Forst
No one asked
Is that a new Chelsea signing?
No views but 6 likes haha
Course they'll get away with it. All these mutant clubs do. Same with city. Gone are that days of john Spencer and Gavin peacock , no, they're a big club now
get way with what exactly ? ffs
We are Chelsea football club ( the blues families)
They must sell us (Arsenal) Enzo Fernandez
Rip Chelsea 20 years of history
RIP your brain.
Chelsea are already guilty. Uefa punished them but the premier league won't do anything
guilty of what exactly ? please do explain...... you dont bloody know do you
Guilty of 10 years of paying the likes of conte and hazard off the books, they admitted guilt to uefa and paid £9mil fine. It's all documented. So check yourself before you get cocky
same ol chelsea always cheating
How can we be cheating if we haven’t broke any rules?
@@PedroNeves-hm5xm EXACTLY, most of these comments are from anti CFC haters who havnt a clue about whats going on, looholes arnt illegal, CFC have broke no rules, ITS common place in businesses (like it or not) all over the world, but most of the numpties on here just jump on the bandwagon and cry `cheats,cheats` when they dont even know how we`re supposed to have cheated., they`re just lost sheep with no understanding of what CFC have done legally.
are you really that THICK ? and Salty ? ... yeh it looks like.
They have been breaking the rules since the Russian bought them 😂 The original Cheat club.
what a dumb, low intelligent joke you are. what a pile of crap. grow up salty
cheats
explain , but i doubt you know. your too THICK
-20 points next season
U obviously didn't understand
what a stupid plonker you are
The relegation system has no benefit and is detrimental to football. Please abolish the pro rel system. Relegation is a garbage system. What are the advantages? When a popular team is relegated, league popularity, revenue, and team salaries all decrease. And if it gets relegated, star players may move abroad, which will be detrimental to the league.Of course, star players will leave the team and broadcasting rights fees will also take a hit. Who are the owners who invest in second division teams in the first place? When a 1st division team is relegated, the number of spectators decreases, and of course broadcast fees also decrease, as well as spectators. Investment also decreases. Also, even if they are promoted to the first division, there is a high probability that they will be relegated again, and the team owner is unlikely to invest because they will be relegated anyway. Also, even if you spend money, you are punished (Nottingham, Everton) Honestly, why does UEFA make things like FFP rules and why do they prevent teams from spending money? What should we do with the weak team? If you don't finish in the top 4 or win the Europa League, you won't be able to advance to the Champions League. If you get relegated, you will incur a loss due to reduced broadcast fees. The value of the club is low due to relegation, and especially in the first division, the same team always wins even if there is a promotion and relegation system. (Especially Real.Barça.ManCity.PSG.Bayern. Of course, Leverkusen won this time, but Munich won 11 times in a row.) I think .man City will win the Champions League this time too. (i am asian If relegation is that good, relegate 15 out of 20 teams honestly, even if this happens, Manchester City or Real psg will probably win Because of the relegation system, revenue may plummet and the value of the club will drop. And to put it bluntly, there is not much difference between the MLS and the French league (Saudi Arabia is at a higher level). (I think it would be good to create a single league, closed league with about 24 teams.)
Gfys
I think I’ve found Todd Boehlys burner account… or the Glazers 😂🤷🏽♂️
Take your American franchised sports nonsense elsewhere.
@@AJ-nd4nkAmerican sports generate $10 billion in revenue even though they are not popular around the world. I'm not American. What are the advantages of relegation?
Good idea, it would only decimate the football pyramid and bankrupt the other 72 clubs.
Loopy Loopooo Bohely 😂😂😂😂
Selling your hotel to your own sister conpany and getting $60 million from it and and premier league rules allow it 😂 thats nasty work
Kevin in the pocket maguire
They sold the hotel to themselves, it's an absolute joke
Yeh. I sold my house to myself but had an argument with myself because I decided I was asking too much. Then the council told us both I'm not allowed to sell it because it's theirs. Different rules for the likes of me and I.
yeh and its great, thats what loopholes are there for, its legal and no rules have been broken, whats the matter ? Jealous your club didnt think of it ? Jog on salty