Let me just buy my own hotel!

Morning.

Let’s do a few Friday bits. In a week dominated by the finances of one big club, David Ornstein reports in The Athletic (£) that the Premier League failed to close a loophole which allows clubs to sell assets in their portfolio to offset losses/financial fair play breaches.

This was in focus because the owners of Chelsea sold two hotels they already owned to themselves which, the report says, ‘was enough to turn a £166.4million loss in 2022-23 into a £89.9million deficit for the club.’

I mean, there’s so sane world where that kind of thing should be allowed, but only 11 of the 20 Premier League clubs voted for it, with some suggestion the wording was too vague for more to commit. Perhaps it has something to do with reports that Chelsea, Newcastle, Aston Villa, Everton, Nottingham Forest and Leicester are all scrambling to sell players before June 30th to avoid possible breaches of PSR (Profit and Sustainability Rules).

But why sell a player when you can take something you already own and sell that instead? Newcastle can sell the naming rights to Aleksandr Isak to the Saudi PIF, and next season he can have Aramco 9 on the back of his shirt!

“Boy, that Aramco, he’s a great player!”

“I preferred his earlier work at Real Sociedad.”

A new league-wide financial system will be on trial next season, according to a Premier League statement. We’ll have to wait and see how it works, and when it doesn’t, Todd Boehly will sponsor his own arsehole via an exclusive #content agreement with Chelsea’s very own in-house pornography website. I’m assuming that’s something that’s in their portfolio. And if it isn’t, it will be.

Also in the Premier League, after Wolves motion to scrap VAR, a vote took place and it was defeated 19-1, but have pledged to …  ‘improve the performance of the technology for the benefit of the game and supporters’. First and foremost will be the introduction of semi-automated offside, a technology that already long exists, but which will only be…

Source link : https://arseblog.com/2024/06/let-me-just-buy-my-own-hotel/

Author : arseblog

Publish date : 2024-06-07 05:32:33

Copyright for syndicated content belongs to the linked Source.