Dave Smith
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- Oct 14, 2019
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Another thing they'll almost certainly consider is whether accounting for those alleged off-the-books payments would even have affected the club's PSR/FFP compliance.
As far as I know in 2012-2019 we never even came close to breaching any rules with the accounts the club actually reported so would adding the odd few million here or there on some years even have changed anything? The Guardian article mentions the dodgy payments total 'tens of millions' over the seven year period in question but for some context the club's reported overall revenues and costs for the same time period were both in excess of 3 billion. While 'tens of millions' sounds like a lot of money in isolation, in this kind of scale and over a time period that long it becomes almost negligible.
That being said, the rules are 100% clear and they dictate every payment has to be included in the accounts so some form of punishment for failure to report them would definitely be a fair outcome but if someone actually believes anyone's getting an automatic relegation and/or trophies stripped for misfiling ~1% of their costs I can't help but feel they're going to be in for some big disappointment when a verdict comes in.
I feel this is going to be the case with Chelsea. Big fine, maybe a small points deduction but an explanation that they were still within the PSR rules even with the dodgy payments - while some payments are outside of PSR timelines.
Clutching at straws, they are being investigated from 2012-2018 for a reason, Eden Hazard signed in June 2012 and thus has nothing to do with FFP/PSR which was in place in European Football from 2009, this is to do with fraudulent and admitted fraudulent reporting of accounts to the PL, that case alone carries an expulsion from the league as punishment!
I’ll make this very clear for all Chelsea Fans, if you pay an agent in a third party bank account copious amounts of money to facilitate the signing of Marquee Players that have had a significant effect in wining you trophies, CL qualification then your are guilty of much more than FFP/PSR this is fraudulent declaration of accounts in accordance of the PL rule book.
I’d just hope as Chelsea fan that the other 19 PL Owners/CEO have some empathy as Todd Boehly has done the right thing and self report, however I can’t see CEO’s like Daniel Levy letting any Chelsea owner off the hook, can you ?
This seems unlikely to me as football finances were not really regulated properly until the 2010's and were more of a wild west which did allow for a lot of dodgy money to enter football. In addition, Chelsea self declared, which is always looked on with more leniency in any court/investigation as it encourages co-operation - whereas denial always increases sanctions to dissuade non-cooperation.
However, if Chelsea do get relegated for it than so be it.