It's adding up to a perfect storm for Chelsea. Pile more massive debt on the club, and when revenues are not subsidized by dirty Russian mob money, they will never make enough to justify their outlays. When the FA finally sanctions these cnuts and docks them points/voids their titles/relegates them, it will lead to a death spiral.
Boehly is going to ruin Chelsea (hopefully)
- Thread starter UnitedSofa
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The feck are half these players? They sound like FM regens.
Most of these on 8-year gigs, I suppose? And Boehly can't cut and run for 10 years either. And they've already burned through Tuchel, Potter, Lampard and Poch in two years? And they haven't even started on the stadium build yet.
Yeah, Chelsea are fecked! And I'm here for it!
I though the whole point of this hurried 'only the best will do for poor Chelsea' takeover was to make sure this sort of scenario wasn't allowed to play out.
I can't remember but are Chelsea managing to stay under FFP due to the long contracts? I know we've helped them out a lot by giving them 60m for Mount. But do they have a lot of room for more signings? Because that list of players they've already spent on is pretty tragic, if they can't sign new players without selling the existing ones I can see them struggling for a good few years.
Yep, the long contracts allow them some wriggle room in FFP but there's a huge dependency on them making the Champions League and generating the revenue in order tosubsidise those kind of contracts over 7 years in the first place. If they can't make those money-generating finishes, then they're in a world of shit down the line.
Not just Chelsea but the Dodgers too, he offered Shohei Ohtani a 10 year contract worth 700 million but has now changed it in to a 19 year contract as below.
2024-2033 $2 million a year
2034-2043 $68 million a year!
Ohtani 'to defer' £541m of historic Dodgers deal (msn.com)
2024-2033 $2 million a year
2034-2043 $68 million a year!
Ohtani 'to defer' £541m of historic Dodgers deal (msn.com)
I never knew baseballers got paid so much. Do many people really watch that nowadays?
That's completely insane
This guy is basically baseball’s Mbappe to be fair.
It’s technically not a 19 year deal as the playing contract is only (only??) 10 years. The big story here is that he’s agreed to defer 680m of his 700m salary for 10 years meaning he gets paid 2m a year for 10 years and then gets the remaining paid to him after he’s left. It’s a bonkers contract as it is and it’s even more bonkers the way they’ve structured it.
Tbf this is a different scenario.
In terms of star power and potential marketability, he's the Japanese Ronaldo/Beckham. The dodgers will make it back just through endorsements, tv rights, shirt sales.etc.
He's so big in Japan that when he was playing for the Angels one of the biggest Japanese TV networks paid to have an Ohtani cam that would follow Ohtani the whole game even when he was sitting and the game was going on.
To put it into perspective the average MLB player makes from 2-4 mill a year in endorsements. Ohtani makes 50.
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So he hasn't won anything meaningful at club level then?
Apart from individual awards, not really. He most likely will now that he’s in LA though.
He is 29 now, so they’ll pay him until he is almost 50? Interesting approach…
Bad news for the Chelsea Dodgers
It's amazing they're somehow in a bigger mess than us.
He is probably a top 3 batter (offense) and a top 10 pitcher (defense) at worst. Someone having the abbility to play both ways at such a high standard has never happened before.
Then you have to add his immense commercial value as THE star in Japan.
Would have been amazing if 19 of the 20 clubs had voted for the 5 year max to be backdated!
I still think the whole model is based upon the idea that Chelsea wil lbe able to offload all those players for decent money, at a date of Chelsea's choosing. To be fair, no club has been as good at selling as Chelsea in the past few years, but that does feel like a lot of risk.
If I'm a club 2 years down the line interested in, say Mudryk because he didn't work out I would know what an albatross he is for Chelsea, so would make an offer accordingly.
Backdating a new rule to punish a team for doing something that wasn't against the rules when they did it would be some spiteful feckery
It was never going to be backdated, that would've been ludicrous even by FA standards.
Of course you as a Chelsea fan would see it that way though.
I get that it's funny to see other teams in trouble but how could anyone seriously see it any other way?
It's because Shohei gets something like $40m per year in endorsements and doesn't want to use up the entire salary cap himself - and on top of that once he's done playing he can move out of California and not have to pay high state income taxes on the deferred part of his salary.
You found a loophole to cheat the system. I would have no sympathy. It's not as bad as what City have done but it's still cheating and you should be punished.
How is it a loophole? Everyone was aware that it was a practice that could be done; it was just viewed as high-risk and not worth it.
It can't be both a laughably stupid idea and a cheating loophole that confers unfair advantages...
Chelsea might well have been cheating in a million other ways over the ways but amortising over long contracts was within the rules, we know that because they're changing the rules.
You cheated the system to circumvent the rules mate. It's not that deep.
We don't circumvent any rules mate, we followed the rules. It's pretty simple.
It's the definition of a loophole
It's cheating mate.
Considering the highest profile instance of it being used was Kepa, I don't really think it qualifies as a loophole since everyone was aware of it and the risks!
The rules were implemented and followed - I personally don't think Chelsea behaving recklessly to an extent not previously comprehended really counts as a loophole; it's not like it was done on the sly or anything.
Pretty much everyone is describing it as a loophole apart from you then.
Of course you did, you are just arguing in bad faith.
You used the loophole to circumvent the FFP rules by amortizing your contracts over a longer period, clearly allowing you to spend more.
If you think acting within the rules is "cheating" then fair enough, we're never going to agree on that.
You exploited the system in an underhand way.
We didn't cheat though (not in this instance anyway).
I remember it being described as Chelsea finding a loophole, but it's not really an advantage is it?
Congratulations to Chelsea to signing loads of really bang average players on long contracts, good luck at getting rid of them!
Congratulations to Chelsea to signing loads of really bang average players on long contracts, good luck at getting rid of them!
I just don't think it qualifies as per the dictionary definition: an opportunity to legally avoid an unpleasant responsibility, usually because of a mistake in the way rules or laws have been written.
It's not like Chelsea are going to waltz off scot-free from this approach with no consequences. There are clear reasons why a club would choose to not take this strategy on, many of which seem to be dawning on Chelsea's board now.