How will Chelsea balance their books after reportedly spending over £500m on players in 2022/23? They have so many players, admittedly several loaned out. Heaven knows what their wage bill must be! I'd imagine they will have to sell a lot of players in the close season to balance the books. Unless they win the Champions League, they won't qualify for it next season given their current League position so will lose a lot of income.
Quote from: PeterWithe on April 03, 2023, 04:01:02 PMWho's zed?Zed's dead, Baby.
Who's zed?
Quote from: PeterWithe on April 03, 2023, 04:01:02 PMWho's zed?A second division club run by Nassef's nephew, Onsi Sawiris. Voted Best Youth Academy in Africa in 2021. They're the new kids on the block. **Runs off**
Xia was just a front man.
Quote from: lovejoy on April 13, 2023, 10:17:43 AMXia was just a front man.See also Moshiri at Everton
San Diego leads MLS expansion bid - What will happen to Las Vegas?Major League Soccer is set to announce its 30th team in mid-May, and according to various media reports, the league is set to expand to San Diego ahead of Las Vegas. ESPN reported in late April that San Diego was now carrying the momentum to become the next MLS expansion franchise. According to the report by ESPN, San Diego was considered "the leader in the clubhouse", and if a deal goes through, the new club could start playing in 2025. The San Diego Union-Tribune has taken it one step further in its report. The newspaper reported this week that an investment group led by an Egyptian billionaire and the local Sycuan tribe were ready to present their expansion bid to the MLS board. The investors also had agreed to an expansion fee of $500 million, significantly more than the €325m paid by Charlotte FC and the €200m paid by St. Louis CITY SC.The league sees the bid as the more attractive because, unlike Vegas, San Diego has a stadium ready. Owned by San Diego State University, Snapdragon Stadium is a ready-made MLS facility. “We’ve been having very good discussions,” San Diego State Athletic Director John David Wicker said to the San Diego Union-Tribune when asked about an MLS club moving to the stadium. “Based on the soccer we’re having this summer, it shows that this venue is truly built for great soccer, and getting MLS is the last real piece of the puzzle.” The facility is already home to the NWSL team San Diego Wave FC, and Transfermarkt understands that a big European side might play a friendly at the stadium this summer. “We are excited to get to the finish line,” Wicker said. Meanwhile, Egyptian investor Mohamed Mansour of the Mansour Group also expressed his optimism. “We continue to push forward with confidence, and we are working together to make the deal reality,” Mansour and Sycuan Tribal Chairman Cody Martinez said in a joint statement. There are still some question marks regarding San Diego. First, the stadium might require some upgrades. Usually, the league requires facilities to be roofed, and even though most games are now on Saturday night to comply with the new Apple TV deal, some of the stands might need to be roofed—although local reports suggest that this might not be necessary. The stadium will also need some minor upgrades to be more soccer-specific. Nonetheless, unlike Vegas, San Diego has a facility ready, and with a capacity of 35,000 seats, Snapdragon is an ideal size for MLS. One question that remains regarding San Diego is what will happen to the USL Championship side San Diego Loyal SC? “Our plan is simple,” San Diego Loyal chairman Andrew Vassiliadis said in a statement issued regarding MLS expansion into his club’s market. “We aren’t going anywhere.” The statement also added that Vassiliadis and MLS legend Landon Donovan, who is the Executive Vice President of Soccer Operations at Loyal, remain committed to the market. In other words, at present, the USL club is not involved in expansion talks and has no interest in folding to create room for another club in the market. The future of San Diego Loyal is just one question going forward. The other question is the future of Las Vegas. There is no doubt that MLS remains interested in what is one of the fastest-growing sports markets in North America. The National Hockey League (NHL) opened the door in 2017 when the Golden Knights became an instant success. The National Football League (NFL) has since followed when the Oakland Raiders moved to the city in 2020. The Major League Baseball side Oakland A’s now have a deal in place to build a stadium in Vegas as well and are set to move to the city in 2027.Suddenly, MLS, which was on course to become the second or third league to move to Sin City, is finding Vegas an increasingly crowded market. Even with Allegiant Stadium hosting national team games, the lack of a soccer-specific stadium is an issue. Nonetheless, Aston Villa co-owners Wes Edens and Nassef Sawiris are interested in expanding MLS to Las Vegas and have trademarked the name Las Vegas Villains. In other words, Vegas remains on the market, and there are several avenues to get a team there. Transfermarkt understands that at least one ownership group has investigated selling their club, moving the door for relocation. That, however, would mean that owners would miss out on a significant expansion fee. Another route, therefore, would be expanding beyond 30 teams, which would open the door for additional markets and allow for additional expansion fees for the current owners. “So, once we’ve decided we’re going to expand our league to cover the geography of the US and Canada, there is no reason to think we should not go larger, but right now, we have no plans for that, yet,” MLS commissioner Don Garber said in February. “We have a lot of big cities in this country that have no team.”
Could be a hiccup for our owners. Is an 'expansion fee' paid by the league to the new club or the other way around?
Interesting comments from our owners with regards to our summer transfers-if they are true to their word, this summer will be very exciting with the caliber of players that we sign
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Topic: NSWE Investment (Read 672164 times)
