Chelsea Are NOT Breaking Financial Fair Play (FFP) Rules: Here’s Why скачать в хорошем качестве

Chelsea Are NOT Breaking Financial Fair Play (FFP) Rules: Here’s Why

Many fans are confused with Chelsea’s erratic spending under Todd Boehly and quite understandably so. Just how are Chelsea getting round financial fair play (FFP)? Subscribe: https://bit.ly/GMSSubscribe Chapters: Chapter 1: From A to B - Abramovich to Boehly Chapter 2: What exactly is FFP? Chapter 3: Creative Accounting Chapter 4: Player Sales Chapter 5: Wage Bill Chapter 6: Will UEFA and The Premier League Respond? In the first season of Boehly’s ownership, Chelsea broke the British transfer record, spent more money than Chelsea have done in any season before, and spent the most by any Premier League Club in a single season. Today we’ll explain just how they are not breaking FFP rules. From A to B - Abramovich to Boehly For nearly 20 years Chelsea have lost more money than any football club in world history, reshaping English football to what we know it as now. It has come with plenty of success. For the majority of the 21st century Roman Abramovich swallowed the losses incurred by the Blues but when sanctions were placed on the oligarch, Roman was forced to put the club up for sale. Enter a Consortium led by American investor Todd Boehly. What exactly is FFP? There are many restrictions imposed by different governing bodies and competitions who all have unique rules and regulations. The media and fans in England tend to group these all together as FFP. At the time of making this video the most recent set of accounts from Chelsea Football club state they have lost £387 million over the last three years so why haven’t they been sanctioned? One simple reason. COVID-19. Here are 3 things they have taken into consideration to avoid any foul play. Creative Accounting Most if not all multi million pound companies hire in house accounts and external accountants to work their books. In football there are many creative methods. One technique used is amortization. This is where costs are spread over a number of years rather than a one off fee. On paper it’s like buying a mortgage over a number of years with no interest. Player Sales One factor definitely in Chelsea’s favour is that they generate a lot of revenue from academy products. The club have made nearly £700 million in revenue from player sales alone over a ten year period, more than double any other Premier League club. Wage Bill At the time of Todd Boehly’s arrival, Chelsea’s wage bill was the fourth highest in the Premier League behind Man City, Liverpool and Man United. This gives Boehly’s and his co-owners plenty of wiggle room to expand costs. Which, it seems they have most certainly done. Will UEFA and The Premier League Respond? The loopholes Chelsea have jumped through here to avoid FFP sanctions will not be around forever. Because of the blatant misuse of this it’s likely that UEFA and the Premier League will act quickly. Do you think this method of FFP is fair? Do you think there should be punishments for clubs using these loopholes and if so, how vast should the punishments be? We’d love to hear your thoughts in the comments and as always, thanks for watching, we’re always here, to give you sport! Check out Worldwide Clubs Net Spend 2008-2023    • Man City's Outrageous Net Spend! All Footb...   Our Social Media:   / givemesport     / givemesport     / givemesport     / givemesport     / 1b48e89f-7efd-4c7c-af7a-1165fae28196   Our Website: https://www.givemesport.com/ Written by: Anthony Cooper Narrated and Edited by: Mark Houlihan For copyright matters please contact us at: legal@givemesport.com #chelsea #ffp #financialfairfplay