I've been out of the loop so just catching up. Did we sell the womens team to ourselves and if so for how much? And apparently we're selling the North Stand car park to ourselves according to my Villa hating nephew? That sounds like bollocks though tbh.
• The Club agrees to be subject to a sporting restriction and, as a consequence, may notregister any new player on its List A to UEFA club competitions unless the List A Transfer Balance is positive.• The List A Transfer Balance is defined as the difference between the cost savings from outgoing players (“Cost savings”) and the new costs from incoming players (“New costs”) atany applicable deadline for the Club’s submission of its List A.• The sporting restriction is foreseen as follows:• It unconditionally applies in the 2025/26 season; • It conditionally applies in the 2026/27 season, if the Club has a Football Earnings deficit in the reporting period 2025; • It conditionally applies in the 2027/28 season, if the Club exceeds the 2026 Target; and• It conditionally applies in the 2028/29 season if the Club exceeds the Final Targetby less than EUR 20 million.• Should the Club exceed any Target of the Settlement by more than EUR 10 million, but less than EUR 20 million, the limitation shall be more restrictive, as the calculated Cost savings from outgoing players shall be reduced by 50% (i.e., the New costs from incoming players will have to be less than 50% of the Cost savings from outgoing players).
slbsn@slbsn🤓 EXPLAINED: What Chelsea have agreed to by way of UEFA restrictions – tougher, longer and riskier than Villa. Ban in play in 2030 (🤪). Chelsea benefit from a self declared forthcoming FY2026 limit.The simplified release of Chelsea’s UEFA settlement agreement isn’t simple at all but makes clear that the club has agreed to a four-year regime of financial constraints following a significant breach of the Football Earnings rule.Chelsea have accepted that not only did they breach for the year ended 30 June 2024 but will, once audited and published, breach for 30 June 2025. In that context, the sanctions, although the biggest in UEFA history, look modest.As with Aston Villa, UEFA’s Financial Sustainability Regulations (FSR) are now being partly enforced through the Football Earnings Rule UEFA’s answer to the Premier League’s PSR. But Chelsea’s breach was broader, deeper, and attracted a longer sanction window.For those still focused on UEFA’s squad cost ratio (a soft salary cap), these Chelsea sanctions relate to the Football Earnings rule. This rule limits cumulative adjusted losses, disallows profits from related-party deals and asset sales, and introduces real sporting penalties including exclusion from European competitions.UEFA allows certain deductions from operating losses, including:- Youth, women’s and community football (NB: amazingly despite selling the women's team my understanding is that it remains part of the UEFA equation (known as the reporting perimeter)- Stadium/training capex amortisation- Non-cash charges like depreciation and player amortisationFor Chelsea these can total around €60m per annum. These deductions mean headline (P&L) losses can be far higher than the Football Earnings cap but Chelsea are heavily exposed because their accounts include large related-party gains which UEFA has stripped out.Chelsea’s agreement is longer than Villa’s (four years vs three), with higher fines, harsher restrictions, and two unconditional years of UEFA squad registration restrictions.I concentrate here on the financial caps and the consequences of breach: 1⃣Confusingly named 2025 Target – Year ending 30 June 2026 (FY2026)Cap: Whatever Chelsea submitted as the forecast loss in their business plan, is accepted by UEFA as their FY2026 limit. This figure has not been published but it is widely understood Chelsea were projecting a material loss.However, the settlement states that this number now serves as the hard cap — and will be used to judge compliance for FY2026.❌ If somehow Chelsea breach their own self stated cap they will pay up to €20m additional fine (on top of the €20m unconditional fine already payable).❌❌If (somehow) they exceed the self stated cap by more than €20m, Chelsea face termination of the settlement agreement and a UEFA competition ban.UEFA will not accept any deals like hotels or women’s team sale profits and will adjust for swaps and related party (say Strasbourg) deals. That means Chelsea’s UEFA Football Earnings deficit is significantly worse than the UK accounts imply.2⃣Confusingly named 2026 Target – Year ending 30 June 2027 (FY2027)Cap: €5m, extendable to €65m only if covered in full by equity contribution.But the allowables such as youth, women's and community football and stadium/training capex amortisation will adjust the cap up to, in effect, an allowable £110m loss excluding profits from the sale of the Women's team or other tangible assets.❌ If the FY2027 loss exceeds €65m: they will pay up to a €20m additional fine. ❌❌If the loss exceeds €85m+ this will lead to an automatic ban from UEFA and a ripping up of the settlement agreement.3⃣Confusingly named 2027 Target – Year ending 30 June 2028 (FY2028)Cap: €0m – a full break-even year but extendable as below.Only if Chelsea “overperform” in FY2027 (i.e. stay well below the €65m ceiling) can this cap be increased — and then only up to a combined €60m for FY2027 + FY2028. That means if Chelsea lose €50m in FY2027, they may be allowed to lose €10m in FY2028.But if they breach FY2027 by more than €55m, the FY2028 cap becomes a hard €0m and the risk of cumulative failure becomes serious.As before:❌ If in FY2028 Chelsea breach this limit, they will pay up to a €20m additional fine.❌❌If the loss exceeds this limit plus €20m, this will lead to an automatic ban from UEFA.4⃣ Final Target - Year ending 30 June 2029 (FY2029)By the end of FY2029 and therefore for assessment in Spring 2030 (TWENTY THIRTY!), Chelsea must have demonstrated full compliance with UEFA’s Football Earnings rule- not just for one year, but on a cumulative three-year basis (ie testing FY2027, FY2028 and FY2029). This is the culmination of the 4-year Settlement Agreement signed with UEFA. UEFA’s final test isn’t based on a single season, it reverts to the 3 year test (like PSR). Chelsea will be required to meet the current €60m, 3 year cap that all other qualifiers will have to meet every season. This settlement gives Chelsea breathing space for the next 3 years including a year where they are being tested vs their own self set limit. ❌ If Chelsea breach this final limit they trigger an extra (up to) €20m fine.❌❌If Chelsea makes losses over this limit plus €20m ie €80m on total after allowables, UEFA will terminate the agreement and ban Chelsea from European competition in 2030/31 season 🤣🤪.But to breach the 3 year losses for FY2027, FY2028 and FY2029 would translate to a P&L loss before allowables of something like €280m-300m (3x €60-70m plus €80m). This should be achievable by Chelsea if they eventually stop buying players. Either way, it is so far into the future that they will not worry too much about it now.
Chelsea have made something like £55M from the Club World Cup.
Seems they are buying a new team for the new season anyway. (albeit some have also played in the CWC.)
Quote from: Toronto Villa on July 05, 2025, 05:09:52 PMChelsea have made something like £55M from the Club World Cup. Let’s hope it knackers out all the teams involved and they have shocking seasons.
Quote from: Dante Lavelli on July 05, 2025, 05:29:36 PMQuote from: Toronto Villa on July 05, 2025, 05:09:52 PMChelsea have made something like £55M from the Club World Cup. Let’s hope it knackers out all the teams involved and they have shocking seasons.pep has already said that he thinks his squad will struggle in december/jan on account of this competition and what it has done for their pre-season.that's not him getting excuses in early, i think that is a genuine concern for his players welfare. and then a potentially really draining world cup in summer 2026.
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