Matt

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Matt

Matt

@HistoryMatters7

Chelsea fan. Accountant / Auditor. Politically leftist and generally a nerd.

England, United Kingdom Beigetreten Mayıs 2013
1.3K Folgt917 Follower
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Matt
Matt@HistoryMatters7·
“How can Chelsea Comply with FFP rules?” A good question that @SwissRamble tried to answer in their Substack. I thought I, as an auditor, would go over their work and give some of my thoughts in the thread below Feel free to have a look if that kinda thing interests you at all
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Matt@HistoryMatters7

🧵 Swiss Ramble recently did a forecast on CFC’s financial performance for FY 23 & 24 and its impact regarding FFP & P&S I figured, as an accountant / auditor myself, I’d have a look and present some of my thoughts below /1

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Matt@HistoryMatters7·
If he is found innocent this has destroyed his career for nothing I truly do not understand how this is still only preliminary and we never heard about the B sample
Chelsea Dodgers@TheBlueDodger

🚨 The maximum punishment Mudryk could face is a four-year ban. He has already missed 16 months, which historical precedent suggests would count as time served in any suspension. If he is found innocent, he would be free to return to action immediately. Sources say Chelsea are supporting their player but are also planning for the future within their squad, signing Alejandro Garnacho and Jamie Gittens last summer to compete for left wing minutes. (@liam_twomey) #CFC

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Matt@HistoryMatters7·
@BoehlyBot420 I can guarantee they don’t. No one in the world of finance uses those terms interchangeably.
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BoehlyBot420@BoehlyBot420·
@HistoryMatters7 In the way the accounts are discussed I’m assuming they mean revenue interchangeably with total income
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Matt@HistoryMatters7·
So help me if I see one more person say that the £700m will come from player sales THAT. IS. NOT. REVENUE.
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Matt@HistoryMatters7·
@BoehlyBot420 I’m saying player sales are not revenue Player sales are other operating income Are you an idiot, illiterate, a troll or all of the above?
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BoehlyBot420@BoehlyBot420·
@HistoryMatters7 Your original post clearly states revenue. Are you sure you’re an accountant?
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Matt
Matt@HistoryMatters7·
Roman here is not only confidently wrong, but he has also blocked me so I can’t even tell him that he has no fucking clue what he’s on about
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Matt@HistoryMatters7·
@BoehlyBot420 Yes I already QTd the thread and said where it says FY27 pretend its FY26
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BoehlyBot420@BoehlyBot420·
@HistoryMatters7 They accounts were for 24/25. Whatever projections for “next years accounts” or whatever will be for 25/26. That will include UCL from this season and the majority of the CWC. Fuck BlueCo, but you’re off by a year in your rev estimates
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Matt@HistoryMatters7·
Claim: CFC forecast £700m of revenue in FY27 Check: FY26 was £490m - This included c£19m of income from winning the Conference League - This also included £15m from the Club World Cup We can expect c£80m from the Champions League, but less the ECL income thats only +£61m 1/4
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BoehlyBot420@BoehlyBot420·
@HistoryMatters7 Depends on the accounting methodology, but my understanding is sales are booked entirely in the year they are sold as revenue. What are you talking about.
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sam⛷
sam⛷@sambrazy·
You’re telling me a player is giving you this kind of all around hold up play, is a monster off the ball, is top 10 in prem npg/a per 90, and scores in the biggest moments? And he’s not not one of the best ever?
EH@EHcomps

Didier Drogba - Receiving Long Balls 101

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JS19🇬🇧
JS19🇬🇧@js19nine·
Micah talking big about smashing Lampard, only for his team to get battered 6–0 😭 he even admitted it was his worst game in a Man City shirt. You could hear the pain in his voice 😂😂😂 Nothing is stopping that Chelsea side
The Rest Is Football@RestIsFootball

🗣️ @MicahRichards: "I've gone to Lampard and he's just looked the other way, he blanked me!" 🗣️ @GaryLineker: "He left you hanging?" Good to know Micah hasn't taken it to heart 😂

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Jess
Jess@_jessicalorna·
SONIA BROUGHT RECEIPTS
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Matt@HistoryMatters7·
@arasaka222 Im a Chartered Accountant for fucks sake Have you ever even seen a P&L? Look at where "Revenue" is and where "Other Operating Income" is
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Arasaka
Arasaka@arasaka222·
@HistoryMatters7 Operating income cludes transfer man.. Jesus christ. Go learn some football accounting
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Matt@HistoryMatters7·
I have seen some optimistic forecasts in my time, but what in the fuck makes them remotely confident of £700m in revenue?
Nizaar Kinsella@NizaarKinsella

Chelsea revenue rose to £490.9m, which is their second highest on record. Also, Chelsea made a positive transfer balance of £57.9m, under pressure from Uefa regulations. Loss before tax is £262.4m, which is a Premier League record. Chelsea revenue projected to increase to approx £700m next season. No concerns internally at falling foul of regulatory rules in any competition.

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H4mez
H4mez@hamezhill·
Avocado toast and lattes getting downgraded to a Tesco meal deal in 'here's why you can't afford a house' twitter is the clearest measure of inflation there is.
Slimfit@iSlimfit

British people will spend £4 on a meal deal every single working day, never cook, never calculate the annual total and then wonder why they can’t save. £4 a day is £1,040 a year. Eaten in a park. Under grey skies. In a triangle sandwich. This is not judgement. Just observation.

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Matt@HistoryMatters7·
@arasaka222 Tell me you don’t have a clue about how accounting works without telling me Other. Operating. Income.
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Arasaka
Arasaka@arasaka222·
@HistoryMatters7 you can gain revenue from selling players. what? it exclusivley is revenue
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Matt@HistoryMatters7·
@arasaka222 Player trading is explicitly not revenue
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