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October 2 2022 11.17pm

The Squad -The Cost - The return on investment

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View Dubai Eagle's Profile Dubai Eagle Flag 23 Sep 22 6.20am Send a Private Message to Dubai Eagle Add Dubai Eagle as a friend

I am no accountant & haven't gone looking for the books to substantiate this but my immediate thoughts would be that - Maybe the Newcastle sales proceeds covered Mike Ashley's losses (because he was particularly frugal with the pennies) but I seem to remember that Abramovich wrote off a number of very large loans in his early years with Chelsea (trying to fast track the road to success) so I doubt they were ever recovered, especially as I seem to remember that one of the conditions of the sale was that RA didn't benefit directly from the proceeds.

Originally posted by ASCPFC

I noticed from the Chelsea and Newcastle sales that, whilst the clubs ran at a loss, a large profit was made when the clubs were sold. I presume enough to cover any losses in the meantime.

 

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 23 Sep 22 11.45am Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by Dubai Eagle

I am no accountant & haven't gone looking for the books to substantiate this but my immediate thoughts would be that - Maybe the Newcastle sales proceeds covered Mike Ashley's losses (because he was particularly frugal with the pennies) but I seem to remember that Abramovich wrote off a number of very large loans in his early years with Chelsea (trying to fast track the road to success) so I doubt they were ever recovered, especially as I seem to remember that one of the conditions of the sale was that RA didn't benefit directly from the proceeds.

But, I guess we can say - even with Chelsea's unique circumstances - owners can expect to sell a club for a lot more than they bought it for, if it's done right, of course.
I'm now thinking of how many times we've been one pound for the purposes of consideration.

 


Patrick Vieira's
Red and Blue Army!

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