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Chelsea & FFP
A comment from Pep Guardiola got me thinking. He said that, if Man City operated like Chelsea, they would cease to be.
I think most people accept that, with regard to FFP, Man City have for many years lived at or close to the edge. There is a fine line between taking advantage of the system and downright breaking it. And Man City have managed to keep just the right side of the line.
Compare/contrast with Chelsea. Let's look at the current window, and the 2 before that.
Summer 2022. Player purchases £273.4 million. Sales £60 million. Net spend-£213.4 million
January 2023. Player purchases £326.2 million. Sales £12 million. Net spend-£314.2 million
Summer 2023. Purchases £341 million (with much more expected). Sales £218 million. Net spend -£123 million.
So-before the enormous wage bill-on just over a year that is a net spend of -£650,000,000.
For a team that are not in Europe. That finished 12th last season. That have the 9th biggest attendance in the League.
On a more humorous note joke doing the rounds at the moment is this. Chelsea want to sign everybody. They like the look of Spurs' new Left Back. So:-
"How much is Udogie, in the Window?"
I think most people accept that, with regard to FFP, Man City have for many years lived at or close to the edge. There is a fine line between taking advantage of the system and downright breaking it. And Man City have managed to keep just the right side of the line.
Compare/contrast with Chelsea. Let's look at the current window, and the 2 before that.
Summer 2022. Player purchases £273.4 million. Sales £60 million. Net spend-£213.4 million
January 2023. Player purchases £326.2 million. Sales £12 million. Net spend-£314.2 million
Summer 2023. Purchases £341 million (with much more expected). Sales £218 million. Net spend -£123 million.
So-before the enormous wage bill-on just over a year that is a net spend of -£650,000,000.
For a team that are not in Europe. That finished 12th last season. That have the 9th biggest attendance in the League.
On a more humorous note joke doing the rounds at the moment is this. Chelsea want to sign everybody. They like the look of Spurs' new Left Back. So:-
"How much is Udogie, in the Window?"
Comments
They do the Shopping at half time. Oops !
What we dont know without further analysis and knowledge of player wages and transfer fees is the exact position. It might be a smart way to go, assuming player values and club revenues continue to increase. What's being ignored here however, is the impact upon future cash flows. You can make a reported profit as a business and still have major problems.
Minor nit pick: Jordan refers to amortisation as depreciation throughout.