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Deleted member 15344
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OK not the usually most reliable of people but i heard Simon Jordan's explanation of how it works and it makes some sense with the maths he used. Whilst not no allowed now, the offset from the long contracts last year coupled with the money brought in from sales basically kicks the FFP can down the road and it remains sustainable so long as there is a future increase in income or continued profits from transfer sales (Mount, for example, counted as 100% profit as he was academy). It is a big loophole but by the definition I heard, one that sounds perfectly legit.
They are amortising the transfers across the length of the contracts so kicking the payments down the road - UEFA have closed the loophole so it’s now 5 years
But it’s very risky for Chelsea - they could be left with a lot of players on very long contracts and they need to bring in income down the line to balance.
It’s the US way of offering contracts etc