1 hour ago, Scott Harris said:

Does this take the CWC money into account? Because if it does, then it's even more disastrous.

I don't think it's counted as the CWC was won after the end of the 2024/25 financial year.

Either way, it's very concerning seeing how BlueCo running the club into the ground.

@markpitts

How much are Gittens, Garnacho and Hato on? I heard it reported at greater than 100k each, a lot more than the had at their previous clubs.

We've capped the maximum wages we will pay 1 player, but are bringing in many and paying them this off amount.

On A side note, if we start looking to sell or best players because of financial issues, id be surprised if buying clubs don't take advantage of our position.

"Oh we know you are in bother Chelsea. Nevermind that 100mill you asked for just Cole Palmer. We will give ou 85mill for him and Cucurella, take it or leave it"

This pretty well confirms what most of has feared about the clowns running the club. Just like Enron they thought that they were the smartest guys in the room. Made demeaning remarks about the way the club was previously run etc. But the reality is they are just a bunch of clueless rich kids driving the club off a cliff into massive debt.

2 hours ago, Jezz said:

I don't think it's counted as the CWC was won after the end of the 2024/25 financial year.

Either way, it's very concerning seeing how BlueCo running the club into the ground.

Yeah fiscal year was July 1st 2024 - June 30th 2025.

Edited February 27Feb 27 by Sconnie Blue

I have no words for this level of ineptitude

6 hours ago, Scott Harris said:

Does this take the CWC money into account? Because if it does, then it's even more disastrous.

No - it doesnt.

My previous comparisons to an Ozark style money laundering operation were made as a mixture of gallows humour and genuine frustration.

Looking from the outside as we appear to lurch from one crisis to the next, showing those initial mission statements and promises to be a complete fabrication I am actually starting to wonder if there is anything more sinister going on here.

This level of ineptitude and incompetence is starting to look like some sort of intentional screen.

Of the £1.165billion in loans, £755.2m is repayable by July 2027

Just a little heads up so everybody knows when sh*t will hit the fan.

And there's another £410 million delayed payment loan that accrues at 12 percent annually which will cost us £900 million when it needs to be redeemed in August 2033.

As far as i'm concerned its merely a question of time before the house of cards fall.

Edited February 27Feb 27 by OriginalS

Our genius owners and directors are well on their way to completely destroying the club.

It would have been somehow understandable if we were successful on the pitch, but nope, the team is still sh*t.

Well done, lads!

6 hours ago, axman2526 said:

@markpitts

How much are Gittens, Garnacho and Hato on? I heard it reported at greater than 100k each, a lot more than the had at their previous clubs.

We've capped the maximum wages we will pay 1 player, but are bringing in many and paying them this off amount.

On A side note, if we start looking to sell or best players because of financial issues, id be surprised if buying clubs don't take advantage of our position.

"Oh we know you are in bother Chelsea. Nevermind that 100mill you asked for just Cole Palmer. We will give ou 85mill for him and Cucurella, take it or leave it"

Pennies when you consider we pay Neto £200k a week and Fofana £250k a week.

14 hours ago, Scott Harris said:

They won't, even most of the ones that backed them on here quietly disappeared. Evissy spent pretty much all of last season defending them, but we haven't seen him for months now.

To be fair to them, Eivissy and Terraloon, they felt attacked on here and said so numerous times. It's no wonder that they have moved on. I'd be interested in knowing their opinion on the numbers released, if only because they gave us the PR spin coming from the board and it is the only way we've got to know what the clowns upstairs think.

54 minutes ago, RMH said:

To be fair to them, Eivissy and Terraloon, they felt attacked on here and said so numerous times. It's no wonder that they have moved on. I'd be interested in knowing their opinion on the numbers released, if only because they gave us the PR spin coming from the board and it is the only way we've got to know what the clowns upstairs think.

They gave as good as they got

We are completely done now

I fully expect Enzo palmer and Caicedo to be sold This is what some of us feared. The owners are systematically ruining this club bit by bit. If there were not hated before they will be soon

Let's not forget the ground issue as a parcel of buying this club, I thought a while ago they would sell out to a foreign billionaire. It might still happen.

One problem I have is the club are feeding "yeah we knew this would happen, it's all under control" stuff to the media instead of talking to the fans themselves. On paper, it looks like a complete sh*t show and pretty scary for the fans so the least these cowards could do is speak to us about what the hell is going on.

20 minutes ago, Andy2461 said:

We are completely done now

I fully expect Enzo palmer and Caicedo to be sold This is what some of us feared. The owners are systematically ruining this club bit by bit. If there were not hated before they will be soon

Palmer is probably the only one we profit from. Maybe Caicedo, but not by much.

28 minutes ago, timetowaste said:

One problem I have is the club are feeding "yeah we knew this would happen, it's all under control" stuff to the media instead of talking to the fans themselves. On paper, it looks like a complete sh*t show and pretty scary for the fans so the least these cowards could do is speak to us about what the hell is going on.

I agree.

This mob were loud and proud about their self reporting of the misdemeanors of the past in cultivating an environment of transparency so it is safe to assume that this level of transparency has carried on into this report. After all these figures can't have been just plucked out of the air.

Whilst the self reporting bit is a massive red flag against the British government, along with a damning indictment of the diligence of forensic auditors and financial accountants forming part of the due diligence process during the Raine sale, the fact still remains that the slate was wiped clean at the point of transition.

There has to have been transparency in the reporting now, it has to be totally on their watch as it is inconceivable that a loss amounting to 20% of the initial 1.5bn investment (in one year) can have been uncovered from the previous regime or part of the take on position. They knew exactly what they were doing, in fact the purchase rhetoric itself was bullsh*t as it is now in black and white, that which we all knew, being that the investment in the club, almost in totality has come from extortionate loan arrangements.

The arrogance of these grandstanding wide boys is only matched by their total ineptitude and incompetence in taking this club from the shallows of financial security to the depths that we now find ourselves. Fck knows where we go in 2027. The often trotted out mantra of "they must be good, you don't become billionaires by luck" is a similar vein of thought that i am sure the board of Baring Brothers had about Nick Leeson.

I've almost become immune to things like this and modern day football in general. When players who are not that great are being signed for £100m+ and are on £300k+ a week, it's like they're talking monopoly money. So yes, £342M is a massive number, but it kinda means nothing (at least not like it would have back in the day).

So much wrong with the game nowadays. Can still enjoy the odd game but on the whole, it gives me nothing like it used to and just generally puts me in a bad mood.

6 hours ago, OriginalS said:

Of the £1.165billion in loans, £755.2m is repayable by July 2027

Just a little heads up so everybody knows when sh*t will hit the fan.

And there's another £410 million delayed payment loan that accrues at 12 percent annually which will cost us £900 million when it needs to be redeemed in August 2033.

As far as i'm concerned its merely a question of time before the house of cards fall.

Silly question probably. But weren't Blueco required to set aside a massive amount (over £1b) in a fund for signings etc. when they first took over. I'm assuming these numbers that we owe are on top of burning through that fund?

The arrogance to think they could buy Chelsea, and with absolutely no knowledge about football, tell everyone how poorly run we had been , show us how it should be done, and then to fail so publicly and miserably is f**king beyond belief.

Sorry for my doom and gloom perspective but it does feel like we're edging towards an "end" of sorts.

This season's failures on the pitch along with catastrophic finances will lead to a massive squad overhaul over the summer. Next season will be the first season of the rest of our lives. It'll be the season people start referring to Chelsea as the club that used to be a juggernaut of world football before everything went wrong.

Completing Europe and winning the CWC now feel more like closure to the glory days rather than a comeback.

When pundits will be asked "what went wrong at the Chelsea?", they'll just say "they've spent way too much money on average players" and move on.

34 minutes ago, Nibs said:

I've almost become immune to things like this and modern day football in general. When players who are not that great are being signed for £100m+ and are on £300k+ a week, it's like they're talking monopoly money. So yes, £342M is a massive number, but it kinda means nothing (at least not like it would have back in the day).

So much wrong with the game nowadays. Can still enjoy the odd game but on the whole, it gives me nothing like it used to and just generally puts me in a bad mood.

I am pretty sure that when you look at individual players we are not paying more than other clubs. It is the sheer amount of players we have on the payroll on notable wages that is probably the issue and that is 100% down to the Clearlake strategy.

I agree with you on the current state of the game. Many other clubs are in financial peril too and I do think we will reach a tipping point with football soon where the money just isn't there and it will be a messy outcome for all (not just our club). My guess is that the European Super League will happen in next 5-10 years as the big clubs will demand more money to continue funding their operational models.

Best we can do as fans as try to enjoy the ride and the good days. I feel fortunate to have been a fan when just attending a game was exciting enough and a win was the icing on the cake ;)

So we shall get a shirt sponsor in the summer and all will be well.

46 minutes ago, Nibs said:

I've almost become immune to things like this and modern day football in general. When players who are not that great are being signed for £100m+ and are on £300k+ a week, it's like they're talking monopoly money. So yes, £342M is a massive number, but it kinda means nothing (at least not like it would have back in the day).

So much wrong with the game nowadays. Can still enjoy the odd game but on the whole, it gives me nothing like it used to and just generally puts me in a bad mood.

Exactly. This is capitalism. It means nothing. We are "too big to fail" and we will hang around like rancid meat and the vultures will pick us clean.

17 minutes ago, forbzy said:

Silly question probably. But weren't Blueco required to set aside a massive amount (over £1b) in a fund for signings etc. when they first took over. I'm assuming these numbers that we owe are on top of burning through that fund?

Blew through that money in 2 seasons which is scary.