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News and Current Affairs / Re: Russia launches invasion of Ukraine (*) & use spoiler tags for anything graphic!
« Last post by BarryCrocker on Today at 11:24:41 pm »MJG is the elected equivalent of Tommy Robinson.
Yep and they will be sure to do the same here. With commissions and bonus payments to force people into work
He wont get it out to tender before a general election but it will be popular with tory/reform voters so lets see if it moves the needle? I doubt it
Had a notification the other day that Arcade Fire have a gig lined up in July at Brixton Academy to mark the 20th anniversary of Funeral, and Warmduscher are in support. Sounds right up my street...
Or would be if the cheapest tickets weren't £186 a pop. FFS!
Chelsea’s £76.5m hotel deals raise questions over PSR compliance
> Club’s losses reduced by property deal with sister company
> Chelsea would have lost £166.4m without hotel sales
Premier League clubs reacted with exasperation after seeing that Chelsea eased their financial position with the £76.5m sale of two hotels to a sister company in a deal that appears to have helped the club avoid a breach of profitability and sustainability rules (PSR).
Chelsea’s accounts, published last weekend, revealed the club made a loss of £89.9m in the last financial year. That figure would have been £166.4m without the hotels sale from Chelsea FC Holdings Ltd to Blueco 22 Properties Ltd. Both companies are subsidiaries of Chelsea’s holding company, Blueco 22 Ltd.
The move to sell the Millenium and Copthorne hotels, and their car parking, was not blocked by the league. But Chelsea’s ability to exploit a loophole in the rules has not gone down well with everyone. An executive at one top-flight club was incredulous after learning of the deal and another club were left with “raised eyebrows” and were said to have read the accounts “with interest”.
There was a sense of resignation at another club, where a figure said that the deal came as “little surprise”.
Under the PSRs Premier League clubs are not permitted to have losses of more than £105m over a three-year period. The league has sought to deal heavily with PSR breaches this season. Everton received their second points deduction of the season last week – the appeal board handling the appeal said on Friday it intended to announce the outcome before the end of the campaign – and Nottingham Forest were docked four points last month. Forest’s appeal against their punishment will be held next week.
Chelsea have spent more than £1bn on signings under their Todd Boehly-Clearlake Capital ownership but are confident they will continue to comply with the regulations. They are likely to need to sell players to raise funds this summer.
The hotel sales were yet to be assessed as “fair market value” under the league’s associated-party transactions rules, according to Chelsea’s accounts. Any decrease in the £76.5m valuation could place Chelsea’s finances under renewed pressure. The accounts were signed off in December 2023, six months after the hotels deal took place.
Chelsea and the league have not confirmed whether a fair-market assessment has been concluded. It has been pointed out by Chelsea that they appointed two independent valuers to assess the club’s valuation of the hotels and that no issues were raised.
https://www.theguardian.com/football/2024/apr/19/chelseas-765m-hotel-deals-raise-questions-over-psr-compliance
The fact is if Liverpool and United made a joint decision to move away from the prem it would die a death and the money and eventually the other non sport washing clubs would follow us both into whatever league we went with.
Given that the three that were on it are some of my favourites on TAW usually, I was really surprised at what I was hearing on the Pink. Neil was talking about "love" and "Salah being brilliant and scoring a brilliant pen". I just couldn't recognise a lot of these things in what I saw. I mean I understand people not wanting to slaughter a gang of players and manager that we really have loved, but I felt like I'd watched an entirely different game.I wouldn’t assume to talk for Neil and he doesn’t need folk on RAWK to be his gatekeeper, but I sense that he’s pursuing a line that is essentially one of anti-hysterical. Now and always, Neil treads a path that is opposed to dramatic opinions and hot takes. He’s not into throwing players under a bus; never has been. Indeed, he often does the opposite. He finds positives in the bad times. He sees the light when all around him feel dull. This is probably a professional decision - heading up a fan media operation brings certain responsibilities and he has the opportunity to set a tone that may be antithetical to virtually all around him. Accentuating the good amongst the sadness.
As brilliant as Neil is in a lot of ways, I feel that one minor issue TAW has sometimes is his personality overpowering the conversation. So if Neil decides one of the most whimperish exits from Europe I've ever seen is fine and full of positives, then the others fall a bit into line with that.
I think Neil, Ben and Adam are all fantastic, but just thought that was a strange listen after one of the sadder games I can remember - a truly great era petering out.