Football finance expert delivers verdict on potential European ban for Chelsea
Chelsea’s finances have long been under scrutiny since the club were taken over by BlueCo. Behdad Eghbali and Todd Boehly have seemingly ensured that some creative accounting practices have taken place in order that the club have been able to sign the likes of Enzo Fernandez, Moises Caicedo and others. The loophole for amortising player […] The post Football finance expert delivers verdict on potential European ban for Chelsea appeared first on CaughtOffside.
Chelsea’s finances have long been under scrutiny since the club were taken over by BlueCo.
Behdad Eghbali and Todd Boehly have seemingly ensured that some creative accounting practices have taken place in order that the club have been able to sign the likes of Enzo Fernandez, Moises Caicedo and others.
The loophole for amortising player values across the entirety of very long (up to nine year) contracts has now been closed, though that brilliant piece of business acumen has certainly served the club well in this initial period of BlueCo ownership.
Chelsea won’t be banned from Europe… yet
As has selling assets – such as the hotels at Stamford Bridge – to a sister company, in order to offset any losses.
It won’t win the Blues any friends amongst their opponents, but whether it’s felt that the Blues are massaging FFP to their advantage is a moot point.
Suggestions of a potential European ban for the same would appear to be wide of the mark too according to one football finance expert.
“The way the Uefa rules work is they set out tariffs for a failure (of FFP),” ex-Man City employee, Stefan Borson, told Football Insider.
“The more you fail, the bigger the fine. I think eventually they do have a wider range of rights around potentially excluding clubs from competitions.
“But I don’t think Chelsea are anywhere near that at this stage.”
Clearly, there’ll be a line in the sand that will need to be drawn in order that clubs can’t continuously take advantage of any loopholes that may present themselves, but for now, Chelsea can seemingly rest easy.
All that supporters can hope for now is that the club get things right on the pitch, and Enzo Maresca’s side can start climbing up the Premier League table and do well in the cup competitions.
The post Football finance expert delivers verdict on potential European ban for Chelsea appeared first on CaughtOffside.
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