You have to remember that when RA was forced out, he wrote off 1.5 BILLION pounds of debt, That proves that however things appeared from the outside, financially everthing was rather dodgy in the background. This is another complication the new owners are having to deal with. PSR and FFP is crippling ALL clubs. The days of spending big willy nilly, are gone, only with FFP and PSR modified to better suit, in comparison to clubs size and wealth, will things improve.

I don't understand why the club is solely vilified in this case. If they offered Conor the same kind of salary as Enzo and allegedly Conor is demanding to play it doesn't look like the club is the bas guy here. 

Many journalists I follow online are also taking this stand. They feel maybe the club is the culprit. I feel if Conor wanted to stay and not challenge the deal would have been done ages ago. 

Anyway hopefully this is resolved soon and I really hope he stays. 

 

8 hours ago, terraloon said:

 Other than supporter costs such as admission, food at the stadium, commercial products such as replica shirts, programmes etc. in other words supporters paying for a product how are they spending “ our money”?

As for a worse team as I keep pointing out the hand they were dealt in terms of the squad wasn’t great many players were out of contract some like Mount and Havertyz wanted out so you clearly have answers what would you have done ?

Was RA spending “ our money”? If you had shares in CFC Ltd you might have a point or made a voluntary donation again maybe but I would guess that’s not the case.

The money they are spending is from the clubs income. Which includes match day income from fans like me with season tickets held for decades.. Which is so important apparently they want a bigger stadium so that we can generate more income from fans 

The spending is not from the owners .

RA was spending HIS money.

Chelsea is OUR club

It's MY club.

They are spending OUR money

The club was debt free.

We were world club champions.

The problems of the RA era have not had an impact (yet) apart from the EUFA fine , 

They oversaw a record transfer spend while the club had one of its worst ever .PL seasons.

You listed multiple failures yourself, whilst saying the project itself has not failed 

What is the project?

It's an expensive experiment, based on nothing more than hope.

And to describe fan concerns for our club as a " woe is me, crying into our beer" attitude misses what being a Chelsea supporter really is and disregards the emotional attachment we have  for our football club..

Phew!

Thanks for your reply, take care 

Edit... sorry mate,  my comment at the end was meant for " not now Jim" not you 

Edit 2 and other parts were for Jim !

What a f**k up, I feel like Todd/Clearlake have taken me over !

 

 

 

 

 

Edited August 4, 20241 yr by The Rising Sun
Info

On 03/08/2024 at 13:51, Ukraine Bolt said:

he has a long standing hatred of English Chelsea players

Anybody who can hate English players who play for an English club that they support can't have their head screwed on, surely?

Weird.

Atletico set a deadline for a yes from Conor. That is coming up shortly and they are said to be close to agreeing a deal with Valencia for one of their midfielders instead and are about to pull the plug on the Gallagher deal.

This is exactly the same as Mount. All about the ££££. 

 

Even though its to the detriment of our club, I actually hope connor refuses to leave at this point and see's the season out. Because our scummy owners dont deserve a cent for him by the way they have treated him. Fk those clueless yank idiots.

 

24 minutes ago, Sconnie Blue said:

 

Shame for us, good for him and good luck Conor. 

Happy for him. I think we will regret this in the long run, who in our squad has the heart and refusal to quit when down a couple goals? Reece? Then who? 

c**ts! I’ll forever support this club but my love for it has gone! It’s just fighting a losing battle as a fan with these clown owners now! It’s turned into a soulless money making scheme with no emphasis on actual football anymore!

Dreadful news

Hes gone🥲

So, who's going to be the captain now when RJ inevitably gets injured?

8 minutes ago, Girish said:

So, who's going to be the captain now when RJ inevitably gets injured?

Chilwell is next in line if he actually plays, otherwise it will be Enzo or Colwill.

Enzo had the armband after reece came off in preseason iirc.

I don't recall him giving it to chilly when he came on...I don't know tbh.

Good luck to him at athletico. We will miss him.

Edited August 5, 20241 yr by Simplymo

18 hours ago, Ajbod said:

You have to remember that when RA was forced out, he wrote off 1.5 BILLION pounds of debt, That proves that however things appeared from the outside, financially everthing was rather dodgy in the background. This is another complication the new owners are having to deal with. PSR and FFP is crippling ALL clubs. The days of spending big willy nilly, are gone, only with FFP and PSR modified to better suit, in comparison to clubs size and wealth, will things improve.

No, that's not true at all. Abramovich did not finance the club through cash but through a series of interest-free loans, an arrangement clearly done for legal reasons to avoid both political and UEFA scrutiny prior to FFP being enforced. Here is an article from 2010 that speculates the arrangement between club and holding companies.

It is not dissimilar to the current arrangement between Chelsea and Blueco, except that the current structure involves multiple parties and is largely based on share-market wealth whereas Abramovich had a range of tangible assets including cash.

The arrangement was complex but legally speaking, Chelsea 'owed' Abramovich for everything he spent; when he sold the club, he absolved this debt and in doing so prevented both the UK government and UEFA/PL etc. coming after the club with either fantastic foresight or unbelievable luck.

Edited August 5, 20241 yr by SydneyChelsea

9 hours ago, JM7 said:

This is exactly the same as Mount. All about the ££££. 

For me it is incredibly hard to understand why people react as if this was not long coming.

The big investments and the signings of Caicedo, Enzo, Palmer et al were based on a few business strategies, one of which was the pure profit made out of selling some Academy graduates. 

It is as simple as that and it was known way before Clearlake's first ever signing for the club.

It is impossible to go on such a spending spree and basically refresh the whole squad in a matter of a couple of years w/o applying some business tricks.

Reece James is pure profit as well and would probably command a very big fee should they put him up for sale. But they don't. All this given his injuries and the fact that you never know whether he will give you 38 match season or get his muscles done for the most part of it.

Colwill is pure profit as well, but the board did not even want to hear about it when Bayern came in for him a couple of months ago and informed everybody he is not for sale.

Some will stay, some will go. In the end, 100M pure profit on Gallagher and Mount is excellent business. 

When we eventually began to play much better towards the end of last season , Poch had Connor and Caecido paired and it worked ,whereas previously Enzo was there and it defo didn't so how is it going to pan out this season ...not well I reckon

20 minutes ago, petre ispirescu said:

For me it is incredibly hard to understand why people react as if this was not long coming.

The big investments and the signings of Caicedo, Enzo, Palmer et al were based on a few business strategies, one of which was the pure profit made out of selling some Academy graduates. 

It is as simple as that and it was known way before Clearlake's first ever signing for the club.

It is impossible to go on such a spending spree and basically refresh the whole squad in a matter of a couple of years w/o applying some business tricks.

Reece James is pure profit as well and would probably command a very big fee should they put him up for sale. But they don't. All this given his injuries and the fact that you never know whether he will give you 38 match season or get his muscles done for the most part of it.

Colwill is pure profit as well, but the board did not even want to hear about it when Bayern came in for him a couple of months ago and informed everybody he is not for sale.

Some will stay, some will go. In the end, 100M pure profit on Gallagher and Mount is excellent business. 

Yes it's been a long time coming but it's not as good a deal as Mount. £34m is half what he's worth to this team. We're selling the family silver half price. He's our second most effective player and we will miss him. 

Feel bad about the whole thing.

I wish Conor well, not the most gifted player out there, but loves the club and always gave his all.

2 hours ago, SydneyChelsea said:

No, that's not true at all. Abramovich did not finance the club through cash but through a series of interest-free loans, an arrangement clearly done for legal reasons to avoid both political and UEFA scrutiny prior to FFP being enforced. Here is an article from 2010 that speculates the arrangement between club and holding companies.

It is not dissimilar to the current arrangement between Chelsea and Blueco, except that the current structure involves multiple parties and is largely based on share-market wealth whereas Abramovich had a range of tangible assets including cash.

The arrangement was complex but legally speaking, Chelsea 'owed' Abramovich for everything he spent; when he sold the club, he absolved this debt and in doing so prevented both the UK government and UEFA/PL etc. coming after the club with either fantastic foresight or unbelievable luck.

I don't mean dodgy as in illegal, i mean artistic accountancy. Clearlake have the added complication of PSR, which during RA s time had virtually no affect. It's now become weaponised, and causing real problems for all clubs.

1 hour ago, petre ispirescu said:

For me it is incredibly hard to understand why people react as if this was not long coming.

The big investments and the signings of Caicedo, Enzo, Palmer et al were based on a few business strategies, one of which was the pure profit made out of selling some Academy graduates. 

It is as simple as that and it was known way before Clearlake's first ever signing for the club.

It is impossible to go on such a spending spree and basically refresh the whole squad in a matter of a couple of years w/o applying some business tricks.

Reece James is pure profit as well and would probably command a very big fee should they put him up for sale. But they don't. All this given his injuries and the fact that you never know whether he will give you 38 match season or get his muscles done for the most part of it.

Colwill is pure profit as well, but the board did not even want to hear about it when Bayern came in for him a couple of months ago and informed everybody he is not for sale.

Some will stay, some will go. In the end, 100M pure profit on Gallagher and Mount is excellent business. 

So a few things here,

On performances for Chelsea, that Pure Profit has produced far better on the pitch than the other center mid options we have.

From what I understand, that's it for the FFP in its current format, and now it's a salary-based thing? So if we already balanced the books for June, why do we need to sell?

And this is not really a challenge on your post, but how much better would it be if FFP was geared towards development, i.e., for every academy-produced player who has more than 50% of the available Premier League minutes, there is a credit applied, e.g., £10 million (the number is arbitrary).

Rational thinking will never be part of the football fan's makeup. Days after hearing Gullit had been sacked, I was still in denial. It didn't change with Jose. I believed until the last moment Mount would never go to United and had the same hope with Conor.

If you take the emotion out of this, its decent business. 

Gallaghers attitude and application cannot be questioned, but his overal quality can be debated. I don't disagree that hes a decent player but, through no fault of his own, the owners have spent money in his position and he's not 'clearly' better than the other options. A year left of the contract, not going to a rival and getting a decent fee. Put it this way, rivals reactoins over social media is annoyance at our ability to sell rather than mocking another Clearlake mistake.