3 hours ago, GarnachoCheese said:

What do the PL Owners and Directors Tests actually do? At what point do we hold the governing body responsible for allowing such a sh*t show to happen to one of their biggest clubs?

You mean we weren't allowed Paramount as a sponsor because Sky would get pissy, but they're happy to approve owners that will willingly sink a club?

Incompetence. The less i say about Egbahli the better, but he should never have been allowed to get his hands on the club.

The O&DT look at: no criminal record, proof of funds to purchase, proof of funds to service the ongoing running of the club.

5 weeks until they have to publish the official accounts at Companies House for 24/25 ... should make for interesting reading LOL.

3 hours ago, dermott said:

The O&DT look at: no criminal record, proof of funds to purchase, proof of funds to service the ongoing running of the club.

There be some sort of requirement for an annual review of owner suitability. An owner may be able to demonstrate sufficient assets and liquidity to purchase but seems like the accountability stops there.

1 hour ago, forbzy said:

There be some sort of requirement for an annual review of owner suitability. An owner may be able to demonstrate sufficient assets and liquidity to purchase but seems like the accountability stops there.

The proof/source of ongoing funds is a one-off at the time of the test. That's the problem. The owner of Sheffield Wednesday eventually ran out of money which couldn't be foreseen. His family owns the biggest tuna export business in Thailand. The only EPL comeback is points deductions for non-payment of salaries, etc.

It was a different case with Reading a year or so ago. The owner simply stopped funding the club. Cue the points deductions. Then it was discovered that the owner had been recently convicted of a crime in China. Hence the EPL could and did disqualify him from ownership.

I've always assumed, perhaps wrongly, that they are smart business people and know how to make money. So we should, at least, be in a stable, financial position, even if we don't succeed on the pitch.

This recent news of debt, coupled with the loans to Ares management and JPM/Bank of America, has me questioning in that, and thinking of what happened to Leeds with Peter Risdale. Not the same situation but that potential fall from grace.

1 minute ago, axman2526 said:

I've always assumed, perhaps wrongly, that they are smart business people and know how to make money. So we should, at least, be in a stable, financial position, even if we don't succeed on the pitch.

This recent news of debt, coupled with the loans to Ares management and JPM/Bank of America, has me questioning in that, and thinking of what happened to Leeds with Peter Risdale. Not the same situation but that potential fall from grace.

Oh No, let’s not sugarcoat it we are well and truly f**ked.

More likely to be Championship than Champions League football at the Bridge (and it will be the Bridge because a new stadium is NEVER happening) in a decade.

The club has been stripped of an owner with honest intentions and a passion for the sport and passed onto a group of Septic businessmen who saw a chance to make a quick quid. The issue being their ‘never before seen game changing’ ideas are that way for a reason, they’re sh*t.

Unfortunately American (lack of) culture/outlook/priorities never align well with European sports, they fail to grasp the fundamentals and can’t accept that a sport that has been around for longer than their country has been knows better than them and operates thus for a reason.

Any chance the BlueCo mob gets stripped of their ownership now that the US has started a war? 😅

The club is a funny place at present

According to sponsor expert Łukasz Bączek and analysts GlobalData, Chelsea F.C. are set to receive £15m from IFS through the front-of-shirt sponsorship deal running until the end of the season. This is much less than Chelsea hoped for at the start of the season. For example, Manchester United receives £60m per season. In addition, the Swedish firm will pay approximately £3.5m per year over the next two seasons as part of its agreement to serve as the club’s global partner.

They then brief the media a few days later

The numbers doing the rounds regarding Chelsea’s deal with IFS are incorrect as the true figures are substantially higher for both the sponsorship & partnership

What doesn’t add up is everyone can do the maths; if the numbers for the half year contract are much higher than £15m, why not sign a lengthy contract? Any rational person looking at our fixtures list knows the odds of getting CL spot next season is very low. We will miss out on the CL money, and not be attractive to potential FOS sponsors.

But you sacked them all, Todd. You had plenty of football people around you, and you sacked them all. You even sacked the Champions League winning manager for Graham Potter.

24 minutes ago, Scott Harris said:

But you sacked them all, Todd. You had plenty of football people around you, and you sacked them all. You even sacked the Champions League winning manager for Graham Potter.

Well said.. Was wondering why he said they left. Found it crazy he signed Cucurella based on the fact City wanted him.

So confirmation they don’t actually know what they’re doing and they’re so far gone in their sunk cost strategy they aren’t willing to change.

Clubs f**ked.

2 hours ago, Scott Harris said:

But you sacked them all, Todd. You had plenty of football people around you, and you sacked them all. You even sacked the Champions League winning manager for Graham Potter.

You think a billionaire's going to admit he's wrong in a public forum? Much easier to play into the delusion

The Government has to step in and strip the club from these absolute f**ktards.

5 minutes ago, The Boehly Babes said:

The Government has to step in and strip the club from these absolute f**ktards.

Hoping Trump invades.

We've just witnessed the death of a football club.

f**k every single person involved with BlueCo.

f**k every single player in the Chelsea squad bar the academy boys.

f**k the entire coaching staff.

Can the Govt please seize the club again after the US-Israeli strike against Iran? We have pictures of Todd and Trump together!

If there was proof that good work can be undone with one false move, it's this ownership. They have destroyed everything built up in the Roman era and they have also destroyed everything before Roman too. Even before Roman, we had some f**king pride and didn't embarrass ourselves every week, now look at us, f**king dead as a club.

At this rate I’m all for missing out on champions league if it means drastic changes.

Hate everything about what this club has become.

3 hours ago, Scott Harris said:

But you sacked them all, Todd. You had plenty of football people around you, and you sacked them all. You even sacked the Champions League winning manager for Graham Potter.

Does he think admitting this makes him look better? It only shows how horrible an owner he was. Even if he wanted his own people running the club, the least he could have done was leave the current people around as a transition.

5 minutes ago, Sconnie Blue said:

At this rate I’m all for missing out on champions league if it means drastic changes.

Hate everything about what this club has become.

It wont change anything, they will just sink another half a billion into youngsters

Just now, Frankie8Lampard said:

It wont change anything, they will just sink another half a billion into youngsters

Not sure they can even do that any more given the debt they are now in. We will have to sell.

Just now, Frankie8Lampard said:

Does he think admitting this makes him look better? It only shows how horrible an owner he was. Even if he wanted his own people running the club, the least he could have done was leave the current people around as a transition.

It's what his type does. They come in, throw out everything from the previous ownership because they want their own people and believe they can do everything better. Now it's all coming undone and he's like "I made mistakes".......twat.

Nowhere left to hide, no loophole left to exploit, running out of PR puff pieces to cover their ass, Todd and Clear Lake have shown what a horrible example of football ownership looks like. Surrendered London back to Arsenal and the worst fans in football after 20 years of wrestling it away from them. They don't care about that though, it means nothing to them.

Edited March 1Mar 1 by Scott Harris

4 minutes ago, Scott Harris said:

Nowhere left to hide, no loophole left to exploit, running out of PR puff pieces to cover their ass, Todd and Clear Lake have shown what a horrible example of football ownership. Surrendered London back to Arsenal and the worst fans in football after 20 years of wrestling it away from them. They don't care about that though, it means nothing to them.

At this rate we probably won't even be the second placed London team.

28 minutes ago, forbzy said:

Not sure they can even do that any more given the debt they are now in. We will have to sell.

American companies sadly don't care about debt. Paramount is 100bn in debt, and they are still buying Warner Bros. They will just look for another investor and keep sinking us into debt. What the Glazers did at Man Utd is a perfect example

Edited March 1Mar 1 by Frankie8Lampard