Glad to see it's not just few people ( myself included) whinging about the ownership on the forum, most fans could see what's going on and have every reasons to be concerned. As usual, the owners group aren't doing much of a job handling this, maybe in the coming days they will do a bit more, but don't hold breath for that. No idea what kind of trouble we are going to get in with FFP, but with the dramatic slowing down in spending, something is up.

Jurasek used ChatGPT to generate that response didn't he? Sure as hell looks that way. Adressed zero of the concerns raised and threw in some "pretty" words about "holistic approach" and sprinkled it with some diversity. Absolute waffle.

But we know what we are owned by, soulless private equity folks who ultimately one cares about maximizing profits for themselves. It cannot be repeated enough that they do not give two sh*ts about us supporters and everything they have done since they arrived at the club have proved that. And everything they do going forward will continue to prove it because ultimately everything and anything they do while they own the club will be with their pretty ROI (return on investment) in mind.

Which they have the right to do unfortunately as they were able to weasel their way in the club. But they can't force us to like them and they can't stop us protesting and I am happy that CST are doing so.
As much as we owe to him, Roman and Raine Group did us a huge disservice allowing the leeches into the club even when we had a genuinely good offer from Ratcliffe on the table.

11 minutes ago, OriginalS said:

As much as we owe to him, Roman and Raine Group did us a huge disservice allowing the leeches into the club even when we had a genuinely good offer from Ratcliffe on the table.

From the stories in the media, it sounds like Ratcliffe, had his offer been accepted, would probably have appointed Southgate LOL.

I suspect a bullet well dodged ... he's hardly pulled up trees with his French club either ... 

The Chelsea Supporters Trust is hosting a Special General Meeting after the game against Burnley on 30 March. A representative from the Chelsea Pitch Owners Board will be there. The meeting will be to discuss the recent correspondence between the club and the CST. I'll be attending and will report back. I'm a member of the CST and also a CPO share-holder and it will be interesting to gauge opinion at the meeting. 

2 hours ago, OriginalS said:

Jurasek used ChatGPT to generate that response didn't he? Sure as hell looks that way. Adressed zero of the concerns raised and threw in some "pretty" words about "holistic approach" and sprinkled it with some diversity. Absolute waffle.

But we know what we are owned by, soulless private equity folks who ultimately one cares about maximizing profits for themselves. It cannot be repeated enough that they do not give two sh*ts about us supporters and everything they have done since they arrived at the club have proved that. And everything they do going forward will continue to prove it because ultimately everything and anything they do while they own the club will be with their pretty ROI (return on investment) in mind.

Which they have the right to do unfortunately as they were able to weasel their way in the club. But they can't force us to like them and they can't stop us protesting and I am happy that CST are doing so.
As much as we owe to him, Roman and Raine Group did us a huge disservice allowing the leeches into the club even when we had a genuinely good offer from Ratcliffe on the table.

Matt Law said in London is Blue podcast he is concerned Jurasek and the board think of fans as customers/consumers. He said a travelling fan doesn't want to feel being a customer but a fan.

Not being a travelling fan but a man who enjoys his football on TV and on this forum doesn't really know what the difference is in reality.

I understand if the ticket prices go up it will make impossible for some to go to games...from the outside it looks like semantics to me.

 

I think we're going to have a yard sale of players when the season ends and we're gonna want it to be done before the Euros.

We're gonna struggle to off load a lot of them and our demands have to be alot lower because alot of the paying clubs find themselves in similiar situations. Nobody is going to pay 20m+ for Broja and I can't see Spurs paying anywhere near 50 for Conor even though I think Conor is as good as gone.

Our younger homegrown players are going to be front and centre again to make up for the mistakes of the ownership.

Edited March 21, 20242 yr by Sheva

I remember doubting the new owners transfer strategy on here and a few people telling me "these are millionaire businessmen that know what they are doing".

Can't believe how they have ruined my club. Absolutely unbelievable. This is a first of its kind. Spending money setting a club back for years.

What hope do we have now?

Vote with your ££££ that’s the only thing these people understand. They case zero about your concerns and letters only about ££££

1 hour ago, Sheva said:

I think we're going to have a yard sale of players when the season ends and we're gonna want it to be done before the Euros.

We're gonna struggle to off load a lot of them and our demands have to be alot lower because alot of the paying clubs find themselves in similiar situations. Nobody is going to pay 20m+ for Broja and I can't see Spurs paying anywhere near 50 for Conor even though I think Conor is as good as gone.

Our younger homegrown players are going to be front and centre again to make up for the mistakes of the ownership.

What if Broja, Gallagher and Maatsen refuse to go, as the latter did in the summer window?

Either way we will see the truth. If there is a panic sale of players before than June 30 deadline, or if not and we get sanctioned the rumours are true. If not then this city biased expert is full of waffle like Poch.

1 minute ago, axman2526 said:

What if Broja, Gallagher and Maatsen refuse to go, as the latter did in the summer window?

Either way we will see the truth. If there is a panic sale of players before than June 30 deadline, or if not and we get sanctioned the rumours are true. If not then this city biased expert is full of waffle like Poch.

He has no reason to waffle? Why is it always seen as an us against them mentalilty, City having charges has nothing to do with Chelsea overspending.

Like you said we'll see in a few months what we do. I think we'll have a big sale but I don't believe we're going to get the money that's been touted for a lot of these players.

4 minutes ago, Sheva said:

He has no reason to waffle? Why is it always seen as an us against them mentalilty, City having charges has nothing to do with Chelsea overspending.

Like you said we'll see in a few months what we do. I think we'll have a big sale but I don't believe we're going to get the money that's been touted for a lot of these players.

There is a lot of speculation, but nobody outside the club knows exactly what is required to comply with PSR for 23-24. However, if we do need to raise some significant funds via player sales I agree with you that buying clubs will be able to rinse us. The best hope we have in that area is that clubs take up previously negotiated options on loaned players e.g. Hall and Maatsen. Whether that is enough remains to be seen. If the owners have really taken such a gamble by spending large amounts on youth in the hope of immediate returns on the pitch, then they deserve all the heat coming their way.

15 minutes ago, forbzy said:

There is a lot of speculation, but nobody outside the club knows exactly what is required to comply with PSR for 23-24. However, if we do need to raise some significant funds via player sales I agree with you that buying clubs will be able to rinse us. The best hope we have in that area is that clubs take up previously negotiated options on loaned players e.g. Hall and Maatsen. Whether that is enough remains to be seen. If the owners have really taken such a gamble by spending large amounts on youth in the hope of immediate returns on the pitch, then they deserve all the heat coming their way.

Could not be the case though. We spend stupid amounts of money and are stuck in midtable. Clubs will be licking their lips at the idea of doing business with us. If they have a good business relationship with us it could be very beneficial for them with little threat to their league position.

I think the whole ''other clubs will conspire to ruin Chelsea'' narrative is closer to fans wishful thinking and media drivel. At the end of the day, it'll be about clubs trying to do good business with each other.

32 minutes ago, forbzy said:

There is a lot of speculation, but nobody outside the club knows exactly what is required to comply with PSR for 23-24. However, if we do need to raise some significant funds via player sales I agree with you that buying clubs will be able to rinse us. The best hope we have in that area is that clubs take up previously negotiated options on loaned players e.g. Hall and Maatsen. Whether that is enough remains to be seen. If the owners have really taken such a gamble by spending large amounts on youth in the hope of immediate returns on the pitch, then they deserve all the heat coming their way.

Romano basically said that the Gallagher situation has nothing to do with his wage demands. The club need to sell him. 

There is some light at the end of the tunnel with regards to season given finishing 7th (Europa League) is literally in our own hands, but there is still so much uncertainty with the directors learning from their past mistakes. 

29 minutes ago, forbzy said:

. If the owners have really taken such a gamble by spending large amounts on youth in the hope of immediate returns on the pitch, then they deserve all the heat coming their way.

I don't think we've gambled at all.

We've implemented a strategy that was guaranteed to fail to produce a top club just as it has the last 10,000 times it's been tried across football ( always with less resources)

When you only sign young players most will fail because the success rate of young players developing into top players is extremely low.

As a result you'll have a inconsistent and struggling team and when that happens and you need to rebuild like we do other clubs will circle around the few young players you've got that are developing into top players. 

Very difficult to see how we'll be able to hang on to players like Palmer in the future.

The last time I checked Chelsea balance sheet is not public knowledge’s.. the only concern I have is on any punishment from self reporting.. on PSR who knows what financial lever we will pay.. this is just usual dross that comes out during the international break and is getting recycled . PE firms may not have great football knowledge it they have an army of financial experts - so not bothered about that part..

I am more worried about the football side where they seem to be failing spectacularly.

26 minutes ago, Sconnie Blue said:

Romano basically said that the Gallagher situation has nothing to do with his wage demands. The club need to sell him. 

There is some light at the end of the tunnel with regards to season given finishing 7th (Europa League) is literally in our own hands, but there is still so much uncertainty with the directors learning from their past mistakes. 

That was my suspicion with the lack of progress on a contract for Gallagher. I think we would have sold him in January had the right offer come along.

42 minutes ago, yaz said:

Could not be the case though. We spend stupid amounts of money and are stuck in midtable. Clubs will be licking their lips at the idea of doing business with us. If they have a good business relationship with us it could be very beneficial for them with little threat to their league position.

I think the whole ''other clubs will conspire to ruin Chelsea'' narrative is closer to fans wishful thinking and media drivel. At the end of the day, it'll be about clubs trying to do good business with each other.

What I mean by this is that if clubs suspect we are needing to sell by end of June they will be a strong bargaining position and likely able to get the players for a better price.

The one hope I have with PSR is that we were compliant for 2022-23 despite having losses of 90m and 125m for 2 of the 3 seasons in that reporting period (20-21 was also a loss but I think there was some allowances for Covid). Even just taking those 2 seasons into account we would be over 100m over the allowed 105 loss over 3 seasons. So, I have to assume a lot of the losses were write-offs for some of the allowed rules (e.g. investment in academy, facilities etc.). Otherwise, we would have received a penalty for last season.

Because of that we really don't know what numbers we have to hit this financial year, and nor do any of the so-called experts that have been speculating.

1 hour ago, Sconnie Blue said:

Romano basically said that the Gallagher situation has nothing to do with his wage demands. The club need to sell him. 

There is some light at the end of the tunnel with regards to season given finishing 7th (Europa League) is literally in our own hands, but there is still so much uncertainty with the directors learning from their past mistakes. 

Club may need to sell him, but Conor does not need to move if he does not want to.

Wait a year, go on a free and get a bigger contract and signing on fee, at the club you choose. Ditto Maatsen. One year left each in the summer.

Is Broja and Chalobah that has multi years left that make it harder for them, but neither of them is worth much on the market as both have been out with longer term deals and neither has performed well when picked.

1 hour ago, Sconnie Blue said:

Romano basically said

Sigh.

1 hour ago, forbzy said:

That was my suspicion with the lack of progress on a contract for Gallagher. I think we would have sold him in January had the right offer come along.

Also have to consider how quickly and seamless Colwill’s extension was. Doubt Gallagher is demanding anything unreasonable. 
 

If he isn’t a Spurs player in 4-5 months time I’d be amazed. 

 

And what will the fanbase do/say if ticket prices go up by around 20% AND we either get sanctioned or Gallagher, Maatsen, Colwill and/or Palmer are sold to save us for one more year?

9 minutes ago, axman2526 said:

And what will the fanbase do/say if ticket prices go up by around 20% AND we either get sanctioned or Gallagher, Maatsen, Colwill and/or Palmer are sold to save us for one more year?

We'll all moan and still fork out for tickets.

We've been fortunate that there's been no increase for years anyway.

Doesn't mean I want to dig deeper to offset  our billionaire's mistakes though 

 

13 minutes ago, axman2526 said:

And what will the fanbase do/say if ticket prices go up by around 20% AND we either get sanctioned or Gallagher, Maatsen, Colwill and/or Palmer are sold to save us for one more year?

Sigh.