► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub
Financial Football expert Kieran Maguire joined Sky Sports News to discuss how Chelsea are able to avoid issues with Financial Fair Play rules despite their recent transfer activity.
#SkySportsNews #SkySports #premierleague
► For the latest developments on this story: https://qrcode.skysports.com/skysports/topstories
More from Sky Sports on YouTube:
► Sky Sports Retro: http://bit.ly/SkySportsRetroSub
► Sky Sports: http://bit.ly/SkySportsSub
► Sky Sports Football: http://bit.ly/SSFootballSub
► Sky Sports Boxing: http://bit.ly/SSBoxingSub
► Sky Sports F1: http://bit.ly/SubscribeSkyF1
► Sky Sports Cricket: http://bit.ly/SubscribeSkyCricket
► Sky Sports Golf: https://bit.ly/SubscribeSkySportsGolf
► To enquire about licensing Sky Sports News content, you can find out more here: https://www.skysports.com/more-sports/news/31754/11434270/license-sky-sports-footage
Video Rating: / 5
Didn't stop City did it?
chelsea has an estimated turnover of 550 mill eruo, so…. no.
Well the honest answer is that they are not………..
Major twist if ffp become a problem they have to sell mudryk fo that 70million same to Arsenal🤣
FFP is supposed to reduce risk-taking, but signing very long contracts is increasing their risk
This is non sense.
So what this long stretches do that people don't realize is that there will be more time to offload deadwoods without panic selling because of FFP and that also means, more players can come in
Hrs buying them from the very catalogue , very bad idea 🤣🤣
By offering long contracts.
Nothing a big brown envelope wont fix.
TDLR: They're using rich people's best-friend 'Loopholes' to get away with it.
That's what amortization is.
It's literally only a concept that exists to allow rules to be bent. It's literally one of the definitions of 'creative accounting'.
They paid £70ish million up front, and then another 20ish million in addons.
That's not "10 million a year". That's £70 million in one year, and then 20million potentially spread over several years depending on when the addons get fulfilled.
FFP PURPOSELY goes off amortization instead of actual cash flow so rich clubs can break the rules and get away with it.
A normal person can't buy a £1million house but then go to the bank "well that's actually £1 a year for the next million years so yes I can afford it so give me the loan"
FFP is nonexistent. It's a joke. Any of the clubs who are found to have breached the rules just pay their way out of punishment.
Aren't Man City still under investigation for breaching FFP in 2018 ..??
If Chelsea continue with this strategy then could they reach a point (say in 5 years) whereby they have mortgaged future annual budgets so much that FFP will prevent them from recruiting for a period? A bit of a gamble, it seems.
Chelsea ain't going no where with their new players they brought in the last 6 months. perhaps they could if they have a more experience coach and has proven that.
Simple Answer, they are "Not". Also, FFP is a myth.
I don't understand.. did chelsea PR pay to have these 7 episodes come out?
Everyone knows FFP is a paper tiger anyway.
If they keep spending like this and don't get results they will be backed into a corner within 3 years
How do you spell wackamole?