Juventus Board Resign - Uh oh

[Kebab Warrior]

Juventus president Andrea Agnelli and rest of club's board resign

 

[Kebab Warrior]

Amazing the fall out after the Super League Golden Goose was shot. Liverpool owners out, United owners pulling out.., now this.

**** em.

 

[WolfLing]

Juventus caught up in allegations of cooking the books? That's not like them!

 

[Jefe]

Amazing the fall out after the Super League Golden Goose was shot. Liverpool owners out, United owners pulling out.., now this.

It does feel like the bubble is straining for the overly-indulgent elite clubs, no doubt exacerbated by the pandemic. The Super League was the last game in town: committing to something so brazen and so overtly anti-competitive could be attributable to greed, but more likely to desperation.

 

[Scallywolf]

Juventus caught up in allegations of cooking the books? That's not like them!

Their published accounts showed a £220million loss last year, the highest in their history.

This from a club whose president was one of the main figures in setting up the European Super League!
What a joke League that would have been. Based on what has happened to Juventus all the top European clubs would have gone bust!

 

[WasStefan]

Rats abandoning the sinking ship(s)

Certain European clubs (Spanish and Italian) are absolutely ****ed if the ESL doesn’t happen. They won’t be competitive financially without it- i read that Barca have sold 25% of their next 20 years of TV rights for a sum to keep them going over the next few years. Just madness imo.

Then you have the American’s selling Liverpool and United clearly looking to cash in on all time high club valuations.

The PL is becoming an ESL in all but name, there was a huge shift in the summer window of average club’s signing players normally well outside of their talent pool.

 

[Scallywolf]

Rats abandoning the sinking ship(s)

Certain European clubs (Spanish and Italian) are absolutely ****ed if the ESL doesn’t happen. They won’t be competitive financially without it- i read that Barca have sold 25% of their next 20 years of TV rights for a sum to keep them going over the next few years. Just madness imo.

Then you have the American’s selling Liverpool and United clearly looking to cash in on all time high club valuations.

The PL is becoming an ESL in all but name, there was a huge shift in the summer window of average club’s signing players normally well outside of their talent pool.

Dead right.

I’m still trying get my head around Chelsea being sold for £4billion !!!!

How on earth can a club be valued at 4 thousand million pounds?

 

[tamwolf]

Dead right.

I’m still trying get my head around Chelsea being sold for £4billion !!!!

How on earth can a club be valued at 4 thousand million pounds?

It seems to be the going rate for top sports teams and franchises now. Denver Broncos in the NFL were recently sold for $4.65 billion.

Gone are the days when you used to be able to dream of buying a decent sports team with a lottery win.

 

[Skrilla]

Let's be real, everyone knew the Super League was simply a cash grab to save the non-PL elites from bankrupting themselves as a result of overspending for years to try and keep up in European competition rather than working with what they have. Juve, Madrid and Barca have spent well beyond their means for years. I can understand them wanting a bigger slice of the pie, but to think that their wouldn't be a giant backlash to it just shows how out of touch these owners are.

Trying to 'Americanise' the sport was just a huge slap in the face to regular fans. God knows what'll happen when the Saudi's take over Man United and Liverpool.

 

[JamesWolves]

It seems to be the going rate for top sports teams and franchises now. Denver Broncos in the NFL were recently sold for $4.65 billion.

Gone are the days when you used to be able to dream of buying a decent sports team with a lottery win.

Mad considering the Broncos are an absolutle dumpster fire of a franchise

 

[Rhyl Wolf]

I know some have been frustrated with Fosun, but we could have way way worse owners.

 

[WasStefan]

I know some have been frustrated with Fosun, but we could have way way worse owners.

Judging by Rishi Sunak’s comments last night re China I wouldn’t count your chickens….

 

[JonahWolf]

Mad considering the Broncos are an absolutle dumpster fire of a franchise

Doesn’t matter though does it?
Guaranteed to stay in the league, guaranteed similar levels of TV revenue, spending caps…merchandise can drop off when unsuccessful, but that’s it.
Which is why they wanted the ESL, so they could get a guaranteed £300m to get their finances in order, set spending limits so owners never have to put hand in pockets, then cream off the rest.

 

[GoldenHorseshoe]

It seems to be the going rate for top sports teams and franchises now. Denver Broncos in the NFL were recently sold for $4.65 billion.

Gone are the days when you used to be able to dream of buying a decent sports team with a lottery win.

Lottery prizes are catching up though, I read powerball has reached around $2 billion.

 

[WasStefan]

Lottery prizes are catching up though, I read powerball has reached around $2 billion.

Huge chunk taxed though i believe?

 

[Scallywolf]

I know some have been frustrated with Fosun, but we could have way way worse owners.

Exactly.

Just ask Tesco’s and Brum supporters for evidence of that!

 

[Woodsetton Wolf]

Huge chunk taxed though i believe?

I think I could live with that lol

 

[WolfLing]

Huge chunk taxed though i believe?

Yeah, weirdly winnings are taxed in the US.

On a $2bn win, you’d end up giving away over $700m in tax!

No point winning!!

 

[SingYourHeartsOut]

Dead right.

I’m still trying get my head around Chelsea being sold for £4billion !!!!

How on earth can a club be valued at 4 thousand million pounds?

To be fair if you levelled the place (which would be my first pick) I reckon the land might be worth a fair slice of that.

 

[Sussex Wolf]

Dead right.

I’m still trying get my head around Chelsea being sold for £4billion !!!!

How on earth can a club be valued at 4 thousand million pounds?

It wasn’t really 4bn. It was 2.5bn plus a commitment to spend 1.5bn developing their new stadium and improving the squad. Similar in principle to Sir Jack selling to Morgan, albeit on a far larger scale.

 

[Scallywolf]

It wasn’t really 4bn. It was 2.5bn plus a commitment to spend 1.5bn developing their new stadium and improving the squad. Similar in principle to Sir Jack selling to Morgan, albeit on a far larger scale.

2.5bn plus 1.5bn still adds up to 4bn Sussex!

 

[Sussex Wolf]

2.5bn plus 1.5bn still adds up to 4bn Sussex!

I know, but the point is that the club wasn’t valued at 4bn. It was valued at 2.5bn, but bidders were also assessed on their commitment to spend on the club after purchasing it. In theory, once the stadium has been redeveloped and the squad improved, then the club may be worth 4bn.

 

[bigwolf]

Football is slowly starting to eat itself.

 

[ombyman]

Lottery prizes are catching up though, I read powerball has reached around $2 billion.

Noah Ritter's grandpa lets him watch it

 

[Wolves in Limerick]

An emulation of the Rugby Union Premiership, how many of them would be out of business even if this league had gone ahead?

 

[Sedgley Gold N Black]

To be fair if you levelled the place (which would be my first pick) I reckon the land might be worth a fair slice of that.

The 4bn/2.5bn doesn't include the land nor even the "brand" name, simply a lease to continue playing football there and using the name whilst they play on the land. Quite remarkable really.

 

[SingYourHeartsOut]

The 4bn/2.5bn doesn't include the land nor even the "brand" name, simply a lease to continue playing football there and using the name whilst they play on the land. Quite remarkable really.

Cheers, I'm confused to be honest. As far as I can see (without getting too political) Chelsea have been built on money stolen from the Russian people. The asset was taken by the UK government and let's say the funds from the sale are used to defend the Ukrainians. So why aren't they just maximising the revenue rather than asking for guarantees of further investment?

 

[Sussex Wolf]

Cheers, I'm confused to be honest. As far as I can see (without getting too political) Chelsea have been built on money stolen from the Russian people. The asset was taken by the UK government and let's say the funds from the sale are used to defend the Ukrainians. So why aren't they just maximising the revenue rather than asking for guarantees of further investment?

Because it wasn’t the government selling the club.

Abramovich completes Chelsea sale to Boehly-Clearlake consortium

Roman Abramovich has completed the sale of Chelsea and related companies to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday, ending a three-month process to sell the club.

www.reuters.com

 

[SingYourHeartsOut]

Because it wasn’t the government selling the club.

Abramovich completes Chelsea sale to Boehly-Clearlake consortium

Roman Abramovich has completed the sale of Chelsea and related companies to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday, ending a three-month process to sell the club.

www.reuters.com

Cheers, eye well and truly off the ball on this. So Roman is now Portuguese as they still feel bad about the Spanish Inquisition. We froze all his assets including Chelsea, but still let him sell them in a way he saw fit as long as he donated the money to charities he picked? He asked for a big investment off field which will further reinforce their position in the top echelons of the PL which he bought them with his stolen millions by further increasing revenues. Tough life being a billionaire!

 

[BlahBlah]

It does feel like the bubble is straining for the overly-indulgent elite clubs, no doubt exacerbated by the pandemic. The Super League was the last game in town: committing to something so brazen and so overtly anti-competitive could be attributable to greed, but more likely to desperation.

they've all pushed themselves to the financial brink by assuming they could just take more money for themselves, even previously well run clubs like Barca.
Now they have nowhere to go, they all need to get out before the digging starts.
It's ironic, given these are the clubs who've continually inflated the transfer market to try and kill off competitors by putting the best players out of reach.

 

[GoldenHorseshoe]

Huge chunk taxed though i believe?

Massive tax chunk if paid as a lump sum, around 50%, the alternative is paid in installments over 30 years.
An interesting decision to make.

 

[WasStefan]

Massive tax chunk if paid as a lump sum, around 50%, the alternative is paid in installments over 30 years.
An interesting decision to make.

30 year’s interest free?

If $1bn winnings thats nearly $3m a week. No brainer

 

[Wolf316]

Surely not?

https://twitter.com/x/status/1598366892456124416

 

[WV10Wolf]

Surely not?

https://twitter.com/x/status/1598366892456124416

As if UEFA are going to actually take any kind of meaningful disciplinary action. They’re as bent as FIFA. A few quid will change hands and it will all disappear.

 

[Rabid Wolf]

I wonder if they'll get relegated afew leagues like last time.

 

[ricki herberts moustache]

I wonder if they'll get relegated afew leagues like last time.

I hope so but then again I don't really care.

These greedy clubs have killed the purity of football and turned it into a cash cow circus totally out of step with the real world. Top level football has become so bloated and flabby

The harder they fall the better imo

 

[Surrey Wolf]

Good. Rotten club

 

[SmiffyWolf]

I know some have been frustrated with Fosun, but we could have way way worse owners.

Totally agree the Saudis Newcastle got . Look at them X Y and Z . Shocking football and destined for relegation aren't they .