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OfficeSide Profile picture
OfficeSide
@OfficesideFC
Football clubs publish their financial accounts every year. Almost nobody reads them. We do.
Mar 13 • 11 tweets • 2 min read
In 2023, Chelsea FC gave players 7–8 year contracts.

Fans thought it was RECKLESS.

In reality, it was a clever accounting strategy to stretch €1 BILLION in transfers.

Here's how the trick worked (and why UEFA HAD TO CHANGE the rules).

🧵 - A thread by @OfficesideFC Image 1/10 🧵

After Todd Boehly bought Chelsea in 2022, the club spent over €1B on players in 18 months.

Everyone asked: "How is this allowed under Financial Fair Play?"

Pundits called it reckless gambling.

The reality was more interesting — it was a smart accounting strategy.