Harris and Blitzer, Chelsea

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Harris and Blitzer, Chelsea

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nead1 07 May 22 10.31am
I wonder what will now happen given the Harris/Blitzer consortium bid has not succeeded? Maybe nothing at all - perhaps things just move along as before and no public comment will ever be made. However, it must surly have caused some damage to relationships with Parish and Textor - assuming they were somewhat blindsided by what happened.
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nead1

07 May 22 10.31am

I wonder what will now happen given the Harris/Blitzer consortium bid has not succeeded? Maybe nothing at all - perhaps things just move along as before and no public comment will ever be made. However, it must surly have caused some damage to relationships with Parish and Textor - assuming they were somewhat blindsided by what happened.

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Badger11 Beckenham 07 May 22 11.22am
4bn for Chelsea it is hard to see how they will get a return on that investment. I suspect Chelsea fans are going to see ticket price rises and fewer big money signings. As others have pointed out they are buying a club at the top of the market perhaps this time next year the story will be fans cancelling their Sky subscription in droves and the TV companies telling the PL the next deal will have to be less. One more point
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Badger11

Beckenham 07 May 22 11.22am

4bn for Chelsea it is hard to see how they will get a return on that investment. I suspect Chelsea fans are going to see ticket price rises and fewer big money signings.

As others have pointed out they are buying a club at the top of the market perhaps this time next year the story will be fans cancelling their Sky subscription in droves and the TV companies telling the PL the next deal will have to be less.

One more point

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mileend East London 07 May 22 11.32am
Staggered by that sale price. I had always thought that the Roman Abramovich billion and a half 'loan' had been money he could afford to pour down the drain because of the vast incomes he had courtesy of the Russian people gifting him some choice assets. But the shares he had were sold for £2.5 billion so he would have made a billion profit on those let alone the £2 billion charitable donation. I am astounded that Chelsea can be valued at that level. In my youth Chelsea were a little bit bigger than Palace as a club but were pretty unremarkable in the wider scheme of things. Perhaps this will show our billionaire owners that if they invest big it's not impossible to get a massive return on their investment. Our fans magnificent showing at Wembley demonstrate there is a fan base and passion there to fill a much bigger stadium. So stop arsing about and get that bloody new main stand built Edited by mileend (07 May 2022 2.59pm)
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mileend

East London 07 May 22 11.32am

Staggered by that sale price. I had always thought that the Roman Abramovich billion and a half 'loan' had been money he could afford to pour down the drain because of the vast incomes he had courtesy of the Russian people gifting him some choice assets.

But the shares he had were sold for £2.5 billion so he would have made a billion profit on those let alone the £2 billion charitable donation.

I am astounded that Chelsea can be valued at that level. In my youth Chelsea were a little bit bigger than Palace as a club but were pretty unremarkable in the wider scheme of things.

Perhaps this will show our billionaire owners that if they invest big it's not impossible to get a massive return on their investment. Our fans magnificent showing at Wembley demonstrate there is a fan base and passion there to fill a much bigger stadium.

So stop arsing about and get that bloody new main stand built

Edited by mileend (07 May 2022 2.59pm)

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palace99 New Mills 12 May 22 12.32pm
Originally posted by mileend Staggered by that sale price. I had always thought that the Roman Abramovich billion and a half 'loan' had been money he could afford to pour down the drain because of the vast incomes he had courtesy of the Russian people gifting him some choice assets. But the shares he had were sold for £2.5 billion so he would have made a billion profit on those let alone the £2 billion charitable donation. I am astounded that Chelsea can be valued at that level. In my youth Chelsea were a little bit bigger than Palace as a club but were pretty unremarkable in the wider scheme of things. Perhaps this will show our billionaire owners that if they invest big it's not impossible to get a massive return on their investment. Our fans magnificent showing at Wembley demonstrate there is a fan base and passion there to fill a much bigger stadium. So stop arsing about and get that bloody new main stand built Edited by mileend (07 May 2022 2.59pm) yes, essential RA bought Chelsea for £140m and then spent £100m a year to get it to the top and keep it there (hence the £1.5b loan)- it is massively loss making and with a limited ground capacity there are limited ways to increase revenues. The new owners are clearly prepared to continue losing £100m a year as they've committed nearly £2b on top of the £2.5b purchase price.
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palace99

New Mills 12 May 22 12.32pm

Originally posted by mileend

But the shares he had were sold for £2.5 billion so he would have made a billion profit on those let alone the £2 billion charitable donation.

I am astounded that Chelsea can be valued at that level. In my youth Chelsea were a little bit bigger than Palace as a club but were pretty unremarkable in the wider scheme of things.

So stop arsing about and get that bloody new main stand built

Edited by mileend (07 May 2022 2.59pm)

yes, essential RA bought Chelsea for £140m and then spent £100m a year to get it to the top and keep it there (hence the £1.5b loan)- it is massively loss making and with a limited ground capacity there are limited ways to increase revenues.

The new owners are clearly prepared to continue losing £100m a year as they've committed nearly £2b on top of the £2.5b purchase price.

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Eaglecoops CR3 12 May 22 3.42pm
What I don’t understand under FFP is how a team can be allowed to constantly run at a loss. How on earth can that generate a level playing field?
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Eaglecoops

CR3 12 May 22 3.42pm

What I don’t understand under FFP is how a team can be allowed to constantly run at a loss. How on earth can that generate a level playing field?

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Ginger Pubic Wig Wickham de L'Ouest 12 May 22 4.30pm
It's hard to see how Chelsea achieve a vast structural revenue uplift. I guess they are a trophy. If you want to live in a world full of kindness, respect and love, try to show these qualities.
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Ginger Pubic Wig

Wickham de L'Ouest 12 May 22 4.30pm

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It's hard to see how Chelsea achieve a vast structural revenue uplift. I guess they are a trophy.

If you want to live in a world full of kindness, respect and love, try to show these qualities.

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Midlands Eagle 12 May 22 5.14pm
Originally posted by Eaglecoops What I don’t understand under FFP is how a team can be allowed to constantly run at a loss. FFP only applies to smaller clubs. Surely you knew that
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Midlands Eagle

12 May 22 5.14pm

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Originally posted by Eaglecoops

What I don’t understand under FFP is how a team can be allowed to constantly run at a loss.

FFP only applies to smaller clubs. Surely you knew that

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Dubai Eagle 12 May 22 5.58pm
A lot of the money pumped into CFC to develop infrastructure, buy managers / players to elevate them to one of the top 6 with credible European championship type credentials & significant debts written off (year on year) by the owner in the form of non repayable loans was going on before FFP came on the scene - FFP came on the scene because of clubs like CFC just as much as to prevent other clubs following similar models or spending money they didn't have trying to emulate them -
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Dubai Eagle

12 May 22 5.58pm

A lot of the money pumped into CFC to develop infrastructure, buy managers / players to elevate them to one of the top 6 with credible European championship type credentials & significant debts written off (year on year) by the owner in the form of non repayable loans was going on before FFP came on the scene -

FFP came on the scene because of clubs like CFC just as much as to prevent other clubs following similar models or spending money they didn't have trying to emulate them -

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Eaglecoops CR3 12 May 22 6.20pm
Originally posted by Midlands Eagle FFP only applies to smaller clubs. Surely you knew that Silly old me, fancy thinking it was everyone’s benefit.
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Eaglecoops

CR3 12 May 22 6.20pm

Originally posted by Midlands Eagle

FFP only applies to smaller clubs. Surely you knew that

Silly old me, fancy thinking it was everyone’s benefit.

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Painter Croydon 12 May 22 7.37pm
Originally posted by Dubai Eagle A lot of the money pumped into CFC to develop infrastructure, buy managers / players to elevate them to one of the top 6 with credible European championship type credentials & significant debts written off (year on year) by the owner in the form of non repayable loans was going on before FFP came on the scene - FFP came on the scene because of clubs like CFC just as much as to prevent other clubs following similar models or spending money they didn't have trying to emulate them - Does FFP only apply to clubs outside the top 6 then, as it doesnt seem to made any difference to Chelsea. I expect Newcastle will the next to spend ridiculous amounts of their blood money and FFP wont do a thing about it.
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Painter

Croydon 12 May 22 7.37pm

Originally posted by Dubai Eagle

FFP came on the scene because of clubs like CFC just as much as to prevent other clubs following similar models or spending money they didn't have trying to emulate them -

Does FFP only apply to clubs outside the top 6 then, as it doesnt seem to made any difference to Chelsea.
I expect Newcastle will the next to spend ridiculous amounts of their blood money and FFP wont do a thing about it.

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Spiderman Horsham 12 May 22 7.47pm
Originally posted by Painter Does FFP only apply to clubs outside the top 6 then, as it doesnt seem to made any difference to Chelsea. I expect Newcastle will the next to spend ridiculous amounts of their blood money and FFP wont do a thing about it. Villa and Brighton also spring to mind
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Spiderman

Horsham 12 May 22 7.47pm