Chelsea owners and board

[Ham]

Have TBSD bought Palmeiras?

 

[Bison]

 

[Mark Kelly]

7 minutes ago, Bison said:

 

Perhaps they'll go under and take us with them?

Hurrah !

[Morgs]

I'd love us to have someone like Etihad, Emirates or another airline like that. Riyadh Air are known to be looking, so are Saudi Arabian, I hate them but even Turkish Airlines would be better than what we have.

I never understood why we never got a shirt sponsorship from MSC Cruises given the amount they already spend with us on promoting their brand. 

If that isn't possible then I want Pornhub or X-Hamster, or possibly Kronenbourg 1664.

[Bert19]

4 hours ago, Morgs said:

I'd love us to have someone like Etihad, Emirates or another airline like that. Riyadh Air are known to be looking, so are Saudi Arabian, I hate them but even Turkish Airlines would be better than what we have.

I never understood why we never got a shirt sponsorship from MSC Cruises given the amount they already spend with us on promoting their brand. 

If that isn't possible then I want Pornhub or X-Hamster, or possibly Kronenbourg 1664.

If you're of a certain vintage like I am going to football regularly coincided with being 16-17, going in certain bars and restaurants near Stamford Bridge and discovering Estrella Damm - would rather have them on the shirt myself 😉

Or go really big into beer and get Heineken or Budweiser on board! 

I take your point about a big middle-eastern company sponsoring us though.  Tbh, if it brought us £40m+ a year extra, they can sponsor the stadium.  It'll undoubtedly happen when the new Stadium is built anyway and is anyone really going to call it anything other than Stamford Bridge when they talk about it? 

[ROTG]

35 minutes ago, Bert19 said:

If you're of a certain vintage like I am going to football regularly coincided with being 16-17, going in certain bars and restaurants near Stamford Bridge and discovering Estrella Damm - would rather have them on the shirt myself 😉

Or go really big into beer and get Heineken or Budweiser on board! 

I take your point about a big middle-eastern company sponsoring us though.  Tbh, if it brought us £40m+ a year extra, they can sponsor the stadium.  It'll undoubtedly happen when the new Stadium is built anyway and is anyone really going to call it anything other than Stamford Bridge when they talk about it? 

Already had Gulf Air as a sponsor and Coors so beer and flying done. 
 

The best sponsor would be a AI “artificial intelligence” company, because there is plenty of AI at the club these days 😀

Edited July 10 by ROTG

[Bison]

Clearlake have probably accounted for this money already. Gonna have to sell Palmer sooner than expected to balance the books. 

[Mark Kelly]

13 minutes ago, Bison said:

Clearlake have probably accounted for this money already. Gonna have to sell Palmer sooner than expected to balance the books. 

And if they had, why would that be their fault? 

If I promised to give you a tenner in front of witnesses and gave you a fiver why would that be your fault? 

[Bison]

48 minutes ago, Mark Kelly said:

And if they had, why would that be their fault? 

If I promised to give you a tenner in front of witnesses and gave you a fiver why would that be your fault? 

Unless I have a signed contract and payment schedule then yes, it's my fault.

[thevelourfog]

8 hours ago, Bison said:

Clearlake have probably accounted for this money already. Gonna have to sell Palmer sooner than expected to balance the books. 

My bet is this tournament doesn't go ahead as planned. No stadiums announced, no sponsorship, no TV deal. No one is interested.

[My Blood Is Blue]

1 hour ago, thevelourfog said:

My bet is this tournament doesn't go ahead as planned. No stadiums announced, no sponsorship, no TV deal. No one is interested.

If it doesn’t, they’ll have quite a few unhappy club owners on their hands. As @Mark Kelly alluded to, clubs will have planned and budgeted for this season (and beyond) based on playing in this tournament that they’ll have been told will earn them a minimum of £xxm. 

[thevelourfog]

21 minutes ago, My Blood Is Blue said:

If it doesn’t, they’ll have quite a few unhappy club owners on their hands. As @Mark Kelly alluded to, clubs will have planned and budgeted for this season (and beyond) based on playing in this tournament that they’ll have been told will earn them a minimum of £xxm. 

Maybe, but I'm not as sure. What would they have based those budgets/projections on? There's been no figures available to them. You'd have to completely pluck a figure from the air.

[Mark Kelly]

9 hours ago, Bison said:

Unless I have a signed contract and payment schedule then yes, it's my fault.

You're still only getting a fiver

[ROTG]

4 hours ago, thevelourfog said:

My bet is this tournament doesn't go ahead as planned. No stadiums announced, no sponsorship, no TV deal. No one is interested.

https://www.nytimes.com/athletic/5639471/2024/07/15/fifa-club-world-cup-media-rights/

[My Blood Is Blue]

4 hours ago, thevelourfog said:

Maybe, but I'm not as sure. What would they have based those budgets/projections on? There's been no figures available to them. You'd have to completely pluck a figure from the air.

You may not have had an exact number, but I imagine they would have worked out the expected income from the tournament. How could you not?

[thevelourfog]

5 hours ago, My Blood Is Blue said:

You may not have had an exact number, but I imagine they would have worked out the expected income from the tournament. How could you not?

At the same time ... How could you? With no TV revenue, sponsorship revenue or gate receipts to work with?

Any club banking on money from this, and having budgeted or even spent based on expected income, is inept. I'm not sure even we're that bad ... Right?

[Mark Kelly]

1 hour ago, thevelourfog said:

At the same time ... How could you? With no TV revenue, sponsorship revenue or gate receipts to work with?

Any club banking on money from this, and having budgeted or even spent based on expected income, is inept. I'm not sure even we're that bad ... Right?

Surely there must've been a conversation at an early stage about what revenue you'd expect per game, what you'd get for a semi final and what you'd get if you won the thing?

I honestly don't see the problem with the club thinking, "well we're guaranteed X for the games we will be playing" and budgeting accordingly. 

I'm fairly confident they didn't go "were going to earn X but let's add a few noughts to the end for shits and giggles." 

If now that those in charge of the competition have realised they have over promised I don't see how that's our boards fault. 

Maybe they should have saved the money they spent on Estevao and bought a crystal ball. 

Some people are falling over themselves to condemn the board whatever they do. 

Edited July 16 by Mark Kelly

[thevelourfog]

37 minutes ago, Mark Kelly said:

Surely there must've been a conversation at an early stage about what revenue you'd expect per game, what you'd get for a semi final and what you'd get if you won the thing?

I honestly don't see the problem with the club thinking, "well we're guaranteed X for the games we will be playing" and budgeting accordingly. 

I'm fairly confident they didn't go "were going to earn X but let's add a few noughts to the end for shits and giggles." 

If now that those in charge of the competition have realised they have over promised I don't see how that's our boards fault. 

Maybe they should have saved the money they spent on Estevao and bought a crystal ball. 

Some people are falling over themselves to condemn the board whatever they do. 

Bold bit is the rub, isn't it . What was "guaranteed"? And was it in a specific legal and contractual sense guaranteed? 

Anyone running a business knows non-payment is an possibility and makes plans, including contingencies, on that basis. And especially on a completely new, untested and uncosted venture.

I'm not criticising the board because, despite my dim view of them, I fully expect they have been conservative in estimating revenue from this. But if they haven't, it's absolutely terrible business and they would be accountable for that.

[Mark Kelly]

3 minutes ago, thevelourfog said:

Bold bit is the rub, isn't it . What was "guaranteed"? And was it in a specific legal and contractual sense guaranteed? 

Anyone running a business knows non-payment is an possibility and makes plans, including contingencies, on that basis. And especially on a completely new, untested and uncosted venture.

I'm not criticising the board because, despite my dim view of them, I fully expect they have been conservative in estimating revenue from this. But if they haven't, it's absolutely terrible business and they would be accountable for that.

Surely there has to be at some point a conversation where they say "And if you sign up you'll get X per game" 

I suspect like you that they haven't been counting on that revenue but thankfully for all our sanity they're still being blamed by some for doing "something" 

Edited July 16 by Mark Kelly

[Ham]

3 hours ago, thevelourfog said:

At the same time ... How could you? With no TV revenue, sponsorship revenue or gate receipts to work with?

Any club banking on money from this, and having budgeted or even spent based on expected income, is inept. I'm not sure even we're that bad ... Right?

[thevelourfog]

2 minutes ago, Ham said:

First question should be an obvious one. Where is this from? Is it from a a source worth listening to?

Second question is do you think any football club would just take FIFA's word (if this is their word. I doubt it, but it is possible) that at least €50m was coming their way without asking some questions about where it was coming from, and making some plans for it not coming at all? I don't.  They spend good money on accountants and solicitors, and for good reason.

[chara]

I hope the Board looked at it in rather the same light most of us view winning the Lottery,,,very definite plans regarding how to utilise the windfall but keeping a steady hand on one's financial dealings in the Real World!😁💵somewhere over the🌈

[Ham]

42 minutes ago, thevelourfog said:

First question should be an obvious one. Where is this from? Is it from a a source worth listening to?

Second question is do you think any football club would just take FIFA's word (if this is their word. I doubt it, but it is possible) that at least €50m was coming their way without asking some questions about where it was coming from, and making some plans for it not coming at all? I don't.  They spend good money on accountants and solicitors, and for good reason.

My guess is that the numbers are what were being offered by the organisers but that they got somewhat ahead of themselves with the Apple deal.  

Clubs would need to have some rough idea of minimum participation money in advance to judge whether it was worth attending and for accounting purposes IMO. 

[My Blood Is Blue]

13 hours ago, thevelourfog said:

At the same time ... How could you? With no TV revenue, sponsorship revenue or gate receipts to work with?

Any club banking on money from this, and having budgeted or even spent based on expected income, is inept. I'm not sure even we're that bad ... Right?

Others have since replied, so I won’t repeat what’s been said too much, but I don’t think the club would be ‘banking’ on money from this, but with it firmly in our schedule for the season, they would be stupid to not account for it financially in some way. They’d have definitely had to have worked out all the costs to the club; flights, hotels, bonuses etc and therefore would have set that out against the money it would make them; prize money, sponsorship etc.

I’m not suggesting the club have built the entire spending strategy around this tournament, but it will at the very least be a line on projected invoking for the season.

[thevelourfog]

3 hours ago, My Blood Is Blue said:

Others have since replied, so I won’t repeat what’s been said too much, but I don’t think the club would be ‘banking’ on money from this, but with it firmly in our schedule for the season, they would be stupid to not account for it financially in some way. They’d have definitely had to have worked out all the costs to the club; flights, hotels, bonuses etc and therefore would have set that out against the money it would make them; prize money, sponsorship etc.

I’m not suggesting the club have built the entire spending strategy around this tournament, but it will at the very least be a line on projected invoking for the season.

To be clear, I completely agree. It is just, within that, I expect the club will have scrutinised any figure FIFA put to them for feasibility and that the figure they've made projections on will be what they themselves consider realistic/achievable and not solely what FIFA told them.

Just the same basic stuff as buying a flat or house, isn't it. You expect the mortgage lender and seller's solicitor to check the buyer actually has the means to pay up on the offer they've made. I think these guys are idiots, but then so am I and even I managed to hire (on a much lower budget!) a competent conveyancer, so I assume they're also capable!