The way they are going, I don't think it's impossible to see Chelsea being relegated in the next few years. They probably have to sell Gallgher and/or James this summer and James's injuries means they won't get full value for him. Their "clever" approach to amortization just means they have a load of transfer money tied up for the next half decade.
16 Feb 2024
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We've now reached the somewhat dystopian stage of football administration where if a club has good recruitment and develops players into elite ones, they have to sell them to meet the league rules. Teambuilding is dead. It's the age of team buying, where only the elite turnover clubs can win.
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Teams having to sell the best players they have developed to bigger clubs is hardly new. Davenport, Webb, Birtles, Collymore for a start.
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It was never mandated by the league though.
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US sports suck in so many ways, but I really like the idea of wage caps and the draft system. From my limited understanding it leads to a more level playing field.
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There are several additional things that level the playing field. Occasionally when there is a coach/QB combination you find a team which dominates for a few years but it’s the exception not the rule.
However it operates in a closed loop of the NFL + elite colleges so the draft system can work. The only bit that’s outside of that is this new international player pathway which Louis Rees Zammitt entered (and got an amazing contract with KC).
Football is not like that: players come from everywhere and there’s embedded corruption and entitlement as well as a ridiculous amount of global money for advertising/Tv/sponsorship. Assuming that the majority of money is in Europe*, to get a salary cap to work, it would require all the elite clubs of Europe to agree. That will never happen.
- obviously there’s money elsewhere, especially in Saudi
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Think it's more basic, I don't like football any more!
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I don't see it. They have enough talent to pick up enough results to mean they could absorb a points deduction.
And the rules wiill just get changed to make sure it doesn't happen.
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Who are the big 6 now, I lose track. City, Arsenal and Liverpool obviously, Spurs and then who?
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Still Chelsea and Man U, I assume. I think if you look at the premier league clubs' turnover, there's a significant gap between those 6 and the rest.
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Big Club formula is so 2004…..
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Spurs released their results, they generated 549M in revenue, had 138M EBITDA and a net 86.8M loss. Presumably the vast majority of that 225M gap is player amortisation.
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How does one amorprtise jackets?
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I would also guess they have a fair bit of interest on the stadium?
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Apologies for the Mail link but they seem to be the only one with the story.
This seems like a great way to legitimise the sovereign wealth funds' desire to simply buy the league.
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They already bought it. Look at Manshitty's trophy haul over the last ten years.
