On the plus side, Chelsea are establishing bold precedents with the FA which must be applied evenly across the whole pyramid. We will hopefully be using these loopholes to grow, whereas they’ve cashed in the chips to cover up poor management.
Quote from: Dante Lavelli on April 01, 2025, 12:33:32 PMOn the plus side, Chelsea are establishing bold precedents with the FA which must be applied evenly across the whole pyramid. We will hopefully be using these loopholes to grow, whereas they’ve cashed in the chips to cover up poor management. I hope you’re right as I can’t see how we can possibly make a £100m profit next year to stay within PSR - assuming my simple maths of a £200m loss the last two years needs a £100m profit to reach the £105m limit for three years ending March 2026?!?
We sold a lot of our assets years ago. We sold our ground under this lot all the land that is now industrial estate under (iirc) Lerner.At the time it seemed like a good Idea, in hindsight...
Chelsea also have trouble brewing off the pitch.Uefa will assess the Blues' sale of its women's team to parent company BlueCo at the end of the season.On Monday, Chelsea reported a pre-tax profit of £128.4m for the year ending June 2024 - their first positive financial results under the ownership of Todd Boehly's Clearlake Capital.That was largely down to the "repositioning" of their highly successful women's team as a separate business from the men's team, and followed a similar move in their previous financial results - when the club sold two hotels to a sister company to keep them compliant with the Premier League's profit and sustainability rules (PSR).The Blues have already been cleared of any PSR breaches in January, along with the other 19 top-flight clubs.However, European football's governing body Uefa has more stringent Financial Fair Play rules which would discount APTs of all its members, including Chelsea's sale of its women's team and two hotels, which were sold for £76.6m during the 2022-23 season.
Quote from: Drummond on April 02, 2025, 09:26:35 AMWe sold a lot of our assets years ago. We sold our ground under this lot all the land that is now industrial estate under (iirc) Lerner.At the time it seemed like a good Idea, in hindsight...Well, it helped get us out of the championship.
Quote from: Percy McCarthy on April 02, 2025, 09:54:59 AMQuote from: Drummond on April 02, 2025, 09:26:35 AMWe sold a lot of our assets years ago. We sold our ground under this lot all the land that is now industrial estate under (iirc) Lerner.At the time it seemed like a good Idea, in hindsight...Well, it helped get us out of the championship.The ground thing I agree with, but all of that other land in the Lerner years I'm sure could have seen us with a new ground, training and and academy set up.I may be wrong but there was a lot disposed of wasn't there?
The full year accounts to y/e 30 June 2024 have been lodged at Companies House for:Aston Villa Football Club LimitedAston Villa FC LimitedAston Villa LimitedNSWE UK Limited
Quote from: Drummond on April 03, 2025, 09:57:05 AMQuote from: Percy McCarthy on April 02, 2025, 09:54:59 AMQuote from: Drummond on April 02, 2025, 09:26:35 AMWe sold a lot of our assets years ago. We sold our ground under this lot all the land that is now industrial estate under (iirc) Lerner.At the time it seemed like a good Idea, in hindsight...Well, it helped get us out of the championship.The ground thing I agree with, but all of that other land in the Lerner years I'm sure could have seen us with a new ground, training and and academy set up.I may be wrong but there was a lot disposed of wasn't there?It was mostly the serpentine but use of that land is limited - they couldn’t build housing there, for example, due to the poor air quality being so close to the expressway.