NHC Chelsea's accounts

[Lancs Harp]

Staggering numbers arent they? Not on the same planet as us.

Operating loss of £155 million, even with an income of £435 million,

Average weekly player wage £155K

Current squad is worth £960M and that doesnt include Lukaku (accounts basically cover last season)

[hibsbollah]

Thirty years ago the Soviets lost the Cold War, the Russians as a result embraced privatisation of their state owned assets, a bunch of shysters bought the assets at a fraction of their worth, joined forces with organised crime and the new Russian leadership, and now the sweat and toil of successive manufacturing workers in Murmansk and Siberia is being used to pay the wages of millionaire footballers who play for a club from West London.

Don’t know who exactly the winners and losers are here, who says sport and politics don’t mix :greengrin

[allmodcons]

Staggering numbers arent they? Not on the same planet as us.

Operating loss of £155 million, even with an income of £435 million,

Average weekly player wage £155K

Current squad is worth £960M and that doesnt include Lukaku (accounts basically cover last season)

Just makes me mad seeing numbers like that.

I love football but the game is ****ed when used as a play thing by billionaires.

Have you any idea how much of their income came from TV?

[madhatter]

Football is being used by the rich to control the masses. The "support your club through thick and thin" stuff is a perfect thing to exploit.

I personally can't wait for it to collapse, if it ever will.

[The Modfather]

But what about Man City’s “sportwashing”…

[greenlex]

But what about Man City’s “sportwashing”…
Apparently it’s not to bad if you illegally stream it or something.

[Iggy Pope]

Apparently it’s not to bad if you illegally stream it or something.

:greengrin

[Renfrew_Hibby]

Thirty years ago the Soviets lost the Cold War, the Russians as a result embraced privatisation of their state owned assets, a bunch of shysters bought the assets at a fraction of their worth, joined forces with organised crime and the new Russian leadership, and now the sweat and toil of successive manufacturing workers in Murmansk and Siberia is being used to pay the wages of millionaire footballers who play for a club from West London.

Don’t know who exactly the winners and losers are here, who says sport and politics don’t mix :greengrin

Russia is by far and away the world's biggest supplier of natural resources from oil and gas to valuable minerals to even gold and diamonds. Its got the lot and 90% is sold to the west. They take our cash and use it to buy up all of Mayfair or build a Champions League winning team. Your average Russian in an aluminium smelting plant in central Siberia sees next to nothing for his toil and many long for a return to the good old days of the Soviet Union.

[MWHIBBIES]

My fan club out in force in this thread. Flattering really.

[MWHIBBIES]

Apparently it’s not to bad if you illegally stream it or something.

Hey man, I'll send you a link if you want to stop paying 100 quid a month to billionaires. They're not missing it.

[hibsbollah]

My fan club out in force in this thread. Flattering really.

Are you a Russian oligarch?

Edit-you can’t be, I was thinking Mikhael something but there is no W in Russian.

[Renfrew_Hibby]

Are you a Russian oligarch?

Edit-you can’t be, I was thinking Mikhael something but there is no W in Russian.

We are Ирландский FC!

[LunasBoots]

All the big clubs are at it.

[jgl07]

All the big clubs are at it.
Manchester United’s accounts are buried in the Cayman Islands.

Spurs owner Joe Lewis is based in the Bahamas.

Chelsea’ owner is Russian with Israeli citizenship.

Liverpool and Arsenal are US owned.

Leicester City are Thai owned.

etc. etc.

[WeeRussell]

Manchester United’s accounts are buried in the Cayman Islands.

Spurs owner Joe Lewis is based in the Bahamas.

Chelsea’ owner is Russian with Israeli citizenship.

Liverpool, Hibs and Arsenal are US owned.

Leicester City are Thai owned.

etc. etc.

🇳🇬💪🏻

[Martymck]

Manchester United’s accounts are buried in the Cayman Islands.

Spurs owner Joe Lewis is based in the Bahamas.

Chelsea’ owner is Russian with Israeli citizenship.

Liverpool and Arsenal are US owned.

Leicester City are Thai owned.

etc. etc.
Hibernian owned puru American

[jacomo]

Football is being used by the rich to control the masses. The "support your club through thick and thin" stuff is a perfect thing to exploit.

I personally can't wait for it to collapse, if it ever will.


:agree:

This is barely a sport anymore. Laughable that Chelsea can lose so much money without consequence.

[jacomo]

My fan club out in force in this thread. Flattering really.


What?!

[hibee-boys]

Staggering numbers arent they? Not on the same planet as us.

Operating loss of £155 million, even with an income of £435 million,

Average weekly player wage £155K

Current squad is worth £960M and that doesnt include Lukaku (accounts basically cover last season)

Financial fair play anyone? Didn’t UEFA introduce some measure to limit how much a club could spend beyond their means🤷🏼

[hibsbollah]

Financial fair play anyone? Didn’t UEFA introduce some measure to limit how much a club could spend beyond their means🤷🏼

It’s not just FFP, it’s the ludicrous situation where the big clubs get to have squads bigger than small countries of all the best young players who get farmed out on loan from club to club. They tried to put some rule in place to limit this happening but for some reason it only took effect for over 22 year olds.

[FilipinoHibs]

Thirty years ago the Soviets lost the Cold War, the Russians as a result embraced privatisation of their state owned assets, a bunch of shysters bought the assets at a fraction of their worth, joined forces with organised crime and the new Russian leadership, and now the sweat and toil of successive manufacturing workers in Murmansk and Siberia is being used to pay the wages of millionaire footballers who play for a club from West London.

Don’t know who exactly the winners and losers are here, who says sport and politics don’t mix :greengrin

Spot on they have extracted the wealth created by the Soviet people. Scandalous.

[FilipinoHibs]

Russia is by far and away the world's biggest supplier of natural resources from oil and gas to valuable minerals to even gold and diamonds. Its got the lot and 90% is sold to the west. They take our cash and use it to buy up all of Mayfair or build a Champions League winning team. Your average Russian in an aluminium smelting plant in central Siberia sees next to nothing for his toil and many long for a return to the good old days of the Soviet Union.

The Russian Communist Party getting a higher percentage of the vote now than they did in the constituent Assembly after the Russian Revolution of 1917.

[Yorkshire HFC]

:agree:

This is barely a sport anymore. Laughable that Chelsea can lose so much money without consequence.

I bet that the financial gulf between the top and bottom teams is greater in Scotland than it is in England.

That Livingston, St Mirren, Ross County can compete in one off games (and they do) with the Old Firm is remarkable - that other teams can occasionally keep up with them for half a season is real over-achievement. The Old Firm get 50k in their grounds each week - half of their competition get less than 4k! The playing field is not very level.

At least in England, the teams in the lower half of the PL are generally competing in the same transfer market as the bigger teams - the Ronaldos and Lukakus are outliers. But Brighton, Leeds, Wolves etc. all spend massive amounts, and can attract top European players.

[jacomo]

I bet that the financial gulf between the top and bottom teams is greater in Scotland than it is in England.

That Livingston, St Mirren, Ross County can compete in one off games (and they do) with the Old Firm is remarkable - that other teams can occasionally keep up with them for half a season is real over-achievement. The Old Firm get 50k in their grounds each week - half of their competition get less than 4k! The playing field is not very level.

At least in England, the teams in the lower half of the PL are generally competing in the same transfer market as the bigger teams - the Ronaldos and Lukakus are outliers. But Brighton, Leeds, Wolves etc. all spend massive amounts, and can attract top European players.


I’m not quite sure what point you are making here.

Chelsea aren’t a bigger club than, say, Leeds. They have obviously earned a lot more TV and prize money this century, and if they were relying on that to fund better players etc then fair enough. But in reality Russian gangster money is much more important.

[Hibernia&Alba]

It isn't just a different league, it's a different sport really. The money involved in the EPL, particularly at the top end, is beyond our imagination.

[Is It On....]

The Russian Communist Party getting a higher percentage of the vote now than they did in the constituent Assembly after the Russian Revolution of 1917.

When you ban your opponents from standing it sort of improves your chances

[Renfrew_Hibby]

Putins party is United Russia not The Communist Party of Russia.

He ain't no Commie.

[jacomo]

Putins party is United Russia not The Communist Party of Russia.

He ain't no Commie.


He’s fond of all the totalitarian measures and having a job for life - he’s just dropped all pretence of economic solidarity and equality.

[Renfrew_Hibby]

He’s fond of all the totalitarian measures and having a job for life - he’s just dropped all pretence of economic solidarity and equality.

He sees himself as more of a Tsar than anything else.

[FRes Hibbie]

The Russian Communist Party getting a higher percentage of the vote now than they did in the constituent Assembly after the Russian Revolution of 1917.

Isn’t that because the communist party (as we remember it from the USSR) didn’t yet exist in 1917? - it was still the Bolsheviks, Mensheviks and SRs, etc competing amongst themselves for control of post-Tsarist Russia.

[Winston Ingram]

But what about Man City’s “sportwashing”…

I'm absolutely no fan of Chelsea and they absolutely sportswashed for the 10 or so years of the Abramovich era.

Now, they're a now a pretty well run business for a football club. If you look at their player trading for example it's outstanding. They paid a fee for 1 player this summer, Lukaku - £97m. They took in £100m for selling academy players this summer alone. Then add a further £45m for non-academy player sales.

On top of that, they currently have a further 22 players out on loan all bringing in loan fees. Then add to that their sponsorship deals with Nike and 3 which are up their with the biggest deals in the world.

[McD]

I'm absolutely no fan of Chelsea and they absolutely sportswashed for the 10 or so years of the Abramovich era.

Now, they're a now a pretty well run business for a football club. If you look at their player trading for example it's outstanding. They paid a fee for 1 player this summer, Lukaku - £97m. They took in £100m for selling academy players this summer alone. Then add a further £45m for non-academy player sales.

On top of that, they currently have a further 22 players out on loan all bringing in loan fees. Then add to that their sponsorship deals with Nike and 3 which are up their with the biggest deals in the world.



a well run business that’s just posted losses of 145 million pounds?

[Winston Ingram]

a well run business that’s just posted losses of 145 million pounds?

If yer turning over £500m a year with the amount of guaranteed income coming in it's more than manageable for them. I'm surprised it wasn't more considering that was built up during COVID.

[Allant1981]

If yer turning over £500m a year with the amount of guaranteed income coming in it's more than manageable for them. I'm surprised it wasn't more considering that was built up during COVID.

Doesnt really matter though how much your turnover is if you are still losing money

[FRes Hibbie]

Doesnt really matter though how much your turnover is if you are still losing money

It does matter, an entity with £500m turnover is much more likely to be able to absorb a £150m loss than an entity with £5m or £50m turnover.

[Winston Ingram]

Doesnt really matter though how much your turnover is if you are still losing money

If it happens every year absolutely. To my knowledge it doesn’t.

[brianmc]

I'm absolutely no fan of Chelsea and they absolutely sportswashed for the 10 or so years of the Abramovich era.

Now, they're a now a pretty well run business for a football club. If you look at their player trading for example it's outstanding. They paid a fee for 1 player this summer, Lukaku - £97m. They took in £100m for selling academy players this summer alone. Then add a further £45m for non-academy player sales.

On top of that, they currently have a further 22 players out on loan all bringing in loan fees. Then add to that their sponsorship deals with Nike and 3 which are up their with the biggest deals in the world.

I'm glad you're not running Hibs.

Based on your thinking if we lose £3 million a Season you think that's "well run" ???

[Allant1981]

If it happens every year absolutely. To my knowledge it doesn’t.

Which makes it even more absurd, my wife has her own business and if she continually said im losing money every single year then we would be seriously thinking of jacking it, granted football clubs with billionaire owners are different but running at a loss every single season isnt good no matter how you look at it

[FilipinoHibs]

Which makes it even more absurd, my wife has her own business and if she continually said im losing money every single year then we would be seriously thinking of jacking it, granted football clubs with billionaire owners are different but running at a loss every single season isnt good no matter how you look at it

A bit like Hearts - bailed out every year by Benny and FOH. Not a sustainable business model.

[CropleyWasGod]

Which makes it even more absurd, my wife has her own business and if she continually said im losing money every single year then we would be seriously thinking of jacking it, granted football clubs with billionaire owners are different but running at a loss every single season isnt good no matter how you look at it

Chelsea don't run at a loss every year. A quick scan of their published accounts suggests that they have only had 2 loss-making seasons in the last 5 or 6. The others have shown substantial profits.

[CentreLine]

Chelsea don't run at a loss every year. A quick scan of their published accounts suggests that they have only had 2 loss-making seasons in the last 5 or 6. The others have shown substantial profits.

Always there to lay the facts out there Crops and appreciated every time. Keep it up 👍🏻

[allmodcons]

Chelsea don't run at a loss every year. A quick scan of their published accounts suggests that they have only had 2 loss-making seasons in the last 5 or 6. The others have shown substantial profits.


Always there to lay the facts out there Crops and appreciated every time. Keep it up 👍🏻

:agree: I hate the EPL and all that it stands for but I agree CWG is good with the finance facts.