The mistake is yours if Chelsea qualify for Europe this season, for the last time you can only spend 80% of your revenue generated which will not be known until 31st December 2024.
This is included in the UEFA documents where it clarifies the accounting period for Summer and winter transfers, plus wages, plus agent fees plus amortised transfers owed historically, which you are correct can be amortised but only up to 5 years. The point you are making about account submissions with either specific relief given in certain areas is not what I’m discussing. I am trying to explain in a very simple way, it would be more advantageous for either Man United, Newcastle and Chelsea not to qualify for Europa Conference League but instead be out of Europe all together next season where you as a club Owner would not have to conform to the 80% Squad threshold rule.
I include the UEFA link once more for you to understand, this isn’t about who has the last word or as you wrongly commented ‘School Boy’ Error.
https://www.skysports.com/amp/footb...gulations-to-replace-ffp-all-you-need-to-know
(
The rules clearly states the accounting period will be from January to December and illustrates last years 90% example)
Therefore Chelsea will only be able to spend 80% of their revenue generated from January 1st 2024 to December 31st 2024
This means that should they not be able to meet this financial challenge, then Chelsea would not be able to play in Europe without being fined again or worse, Transfer embargoed. This is a real scenario as the club has no European football income from media or Match-day so far this year.
It wouldn’t be the first time for Chelsea now would it?
Rough estimates on turnover are difficult because last year the club was knocked out at 1/4 CL stage but you may be £70m worse off this year already even if you play European Conference league football from September to December, the winner of that competition only receives €15.5m.
Here is the projected figures for this year and you can see that Arsenal made about €80m for finishing as 1/4 finalists in the CL.
So if you discount £70m from Chelsea £505m gross revenue declared last year but add a 5% uplift in other areas you have a turnover of approximately £456-460m and 80% of that is £368m maximum allowance which you will have to be diligent with purchasing players and arranging new 5 year wage contracts right up until December 31st 2024.
It’s more than fair to assume Chelsea wages have reduced substantially from £399m last year to maybe £325m for this year but now you can see why the club just like Man United are worried by the financial implications of paying off another Manager and his coaching staff.
Let’s be honest neither club wants to play Europa Conference League to potentially win €15.5m, when the expenses alone for 7 away games in Europe with Flight, Hotels, Transfers, security could cost as much as €1-2m.
Here’s the Link for how much TV revenue Chelsea could expect by entering Europa Conference League and even going all the way!
https://swissramble.substack.com/p/champions-league-revenue-202324-after