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Morning Espresso, 4.4: Chelsea sold their women's team to themselves, yes for real
Welcome in for another edition of the Morning Espresso from the SDH Network, brought to you by Oglethorpe University, Atlanta's premier undergraduate learning experience and soccer powerhouse.
The Premier League's Profitability and Sustainability rules are a farce when clubs can sell their own assets to themselves to get around them. Chelsea sold their own women's team to themselves and posted a pre-tax profit of nearly $170 million. UEFA might fine them for breaking their Financial Fair Play rules, but the transaction is a "legal" way to avoid breaking the Premier League's regulations for losses over a three-year period.
These rules are not like salary caps or spending limits to ensure parity, these are reportedly to help prevent teams from going bankrupt easily. They're actually making it harder in some cases for clubs to invest in their product, they're forcing loopholes like this to be exploited, and if there's so many ways around them, are they actually helping clubs run themselves more sustainably?
The Consejo Superior de Deportes (CSD), the Spanish government’s High Sports Council, has upheld the appeal from Barcelona on the registrations of Dani Olmo and Pau Victor on rules' technicalities. This is not referring to yesterday's news about the rogue auditor who worked for four days saying that the club received a mystery $100 million from mystery people or businesses that allowed them to have the revenue to raise their spending limit to register Olmo and Victor according to the rules, the CSD is just saying that La Liga and the Spanish FA committee that either canceled the registrations or revoked the registrations didn't have the authority to do so. Fun times, this isn't going away any time soon.
This weekend celebrates the 30th season of Major League Soccer as they go back to where they started, San Jose, as the Quakes host DC United on Sunday. On the same date in 1996, the then-Clash hosted DC in the inaugural match in league history. Apple TV released a mini-documentary yesterday to talk about that game and league's history.
Third round draw for the Lamar Hunt US Open Cup was conducted yesterday. I feel bad for Knoxville and the Chattanooga Red Wolves who have to make long trips out west to face Colorado Springs and Las Vegas, respectively. Excited to see Tormenta make the trip to Charleston again as that rivalry continues to grow.
Monterrey's Sergio Canales needed 10 stitches in his left leg and kicking a glass door at Rayados' training facility after a training pitch argument with manager Martin Demichelis.
Brazil is reportedly exploring hiring Jose Mourinho as their new national team manager. No, just no.
Breaking this morning, Kevin De Bruyne is leaving Manchester City at the end of the season and will be available on a free transfer. Is he headed to MLS?
More Espresso Monday on the SDH Network, presented by Oglethorpe University.
Published on 3 months ago