Hey what's going on people welcome back to Football Therapy with me at Yoos Jan I do hope you are all doing well in these peculiar and testing times. Welcome back to the channel welcome to today's video which is something I thought was quite interesting and a little bit different though world football and indeed the world is going for a difficult time at the moment and I'd urge you all to stay safe and keep clean we can still talk about football and throughout this experience with no football postponed potentially cancelled Premier League I'm going to keep uploading videos and giving you guys content that I think is engaging and today I thought something that I wanted to talk about which I think is engaging. The finances of football is obviously a very very important and big thing in the upper echelons of the game like the Premier League. Now money is going to be a huge thing for all clubs in football. Sadly this situation, this health situation can really really affect smaller clubs in a big way to almost a hugely dramatic effect but with big clubs they should be able to stay alive when they talk about this but they still financially hit through loads of different ways and also there could be huge problems in developing TV money if the games aren't completed or if they're behind closed doors and the experience isn't the same and there's financial ramifications for top clubs going into next season. All will be made clear when I talk you through it in this video but quick reminder to subscribe to Football Therapy if you've not yet done so because I will be making content daily again throughout the barren time of no football. Football therapy will take your hand and walk you through the footballest plains of boredom and I will offer you exciting content and fun. Hit you want fun, subscribe, hit the notifications icon if you want to help me out, like the video, follow me on the socials, alright let's get into it. So it's like day three or four something about football or whatever it's meant to be day three without scheduled football. Everyone's apparently losing their mind and buying toilet roll and I like twiddled my farms thinking about the beautiful game and I listen to a lot of podcasts right and I listen to people speculating or financial experts have come onto podcasts or you know I read articles of people speculating of what's going to happen with this situation so as we all know right the Premier League is suspended and the FA you wafer everyone the Premier League they're all going to have meetings to decide what to do. It's very unlikely that the Premier League and in indeed English football recommences in April. People are speculating that the legal become void and cancelled people are speculating that it might start into next season which is a very peculiar answer. I like many people speculated the euros we cancelled in the summer. The Premier League will be pushed into the summer and played play before. Play behind cold, cold doors or should have finished my morning coffee before I started filming. The Premier League will be played behind closed doors to conclude the season and everyone knows what's going on but let's just say there is void or it's cancelled because they can't play football at the moment. Even behind closed doors there's high risk because of the amount of football that have been exposed to the virus they stop it. Firstly already there's been huge financial ramifications for the smaller clubs across the football league. Clubs actually depend on match day revenue that don't get big TV deals that literally pay their players from people with filling the stadiums and come and watch football matches. That's messed up for them already. Now the big clubs let's just say the top Premier League club they don't really rely on this. Sure it's helpful throughout the season but Chelsea, Manuel, you know it after all that. They can survive without match day revenue and they can play their players which will again is huge wage fees but it does affect them financially a bit because they do get a lot out of that money and also if the matches aren't being played and not only are they not making general match day revenue they might have to refund season tickets because there's no football on so money they've already got on their pocket you know they can't spend. Now sticking with big clubs like Chelsea Football Club, Manuel and etc. I wanted to talk about this. If there is no football being shown to the rest of the season whether it be behind closed doors or in front of people this is working is interesting right because no matter what happens in the situation there's always going to be lawsuits. If the bottom free just get relegated there'll be a lawsuit. If you know West Brom and Leeds don't get promoted because everything stays the same there'll be a lawsuit. Do you know what I mean? Now football is cancelled and the football's not being shown. The TV companies are probably going to come out with the lawsuits they're going to lawyer up because this is where the money is in the Premier League. The TV companies is the TV deals. You know what they rely on? They're actually being football to be shown so they get their money's worth from the deal. Now clubs get this money. Football clubs the big football clubs get this money right? A little football club get this money but the big ones are massively affected by it. If this isn't happening the TV companies are well within their rights like we want our money back bro you don't get this X of money this X amount of money which obviously the big clubs have accounted for to pay their wages their player wages and make transfers and just run the clubs. So suddenly not only they're not filling Stanford bridge in old Trafford and they're refunding season tickets. At the same time the big piece that they rely on might not be there might be retracted and we're talking a decent amount of it as well. Of course this is speculating at the moment but this is what would happen if there's no football. The TV of course they're going to have them got a service they've paid for. They're going to be annoyed. Now I'm going to lead on to my point in just a moment. Apart from these main factors that I've talked about this situation as health crisis does massively affect all companies financially as well. Manchester United share prices massively plummeted these last week or so. As you can see on the screen here it's quite substantial and that's over the last few days since everything's been happening. The glazes and Manchester United as an entity will indeed be worried that you know such a substantial amount of money in terms of worth is dropped in their entity, their corporate entity. Suddenly financial concerns are massive for loads of reasons. So let's talk about Chelsea Football Club. Chelsea should be okay financially. I'll talk about why. Well they should be in a better place because in terms of financial fair play they were in the positives and they're roaming the brand which put a bunch of money in but generally over the three or four year period they were looking in pretty good shape Chelsea Football Club in terms of being able to buy players and having some money in the pocket. But what I really want to talk about is if there is a sort of financial crisis in terms of come the summer the big clubs can't do the business they wanted to do purely because there's been a massive financial hit because of the situation that's going on. Chelsea are best equipped to do so. Now only to Chelsea have the super academy when they're bringing through loads of youth they've just signed so many youth on new long-term contracts as well they're bringing people through Brasger they've bought the newer Scandinavian striker which his name evades me for the moment. Tino Andrew and signing a new contract Billy Gilmore signed a new contract. There's a whole host of excellent players of Chelsea youth that are coming through the team and even the Frank Lampard might be inclined to use them a bit more due to a financial crisis he's got them and he'll have them for another year under his wing training and we'll trust them more in the first team. If other big clubs such as the likes of Manchester United Tottenham, Arsenal City who knows even Liverpool to a degree although you'd imagine they'd have a bit of money due to all the things they've won and probably new brand deals and stuff because I've had well-living doing. Chelsea are best equipped to do with a market crisis in football. They'd still have money to get that one or two players that they'd like to do even in the very testing market that's been hit massively by what's going on in the world right now but they're massively equipped to deal with new players fresh legs new ideas coming into the side because they've got the conveyor belt of talent that Chelsea have always had but they've signed them all up throughout this season they're all around the first team now they're going to have more time training with Frank Lampal and Joey Morris and really this leads Chelsea into a unique place in comparison to their top rivals where they've got loads of new fresh legs here in and around the team and they'll have a preseason and what plenty of time to talk about the footballing philosophy and plan before next season's campaign actually kicks off. Do you see what I mean? Chelsea is no longer a club that will rely on big money signings especially if the other clubs around them are suffering because of a lack of financial muscle in terms of ability to spend Chelsea will feel in a very strong position indeed but even if everyone can spend Chelsea will still look to take advantage of the market this summer but we don't know what's going to happen yet. Everything I've talked about in this video is speculating what would happen if the football season is indeed cancelled there'll be huge financial ramifications on all football clubs little ones could be really hit hard I could go into administration sadly but the big club as well would suffer financially and it'd probably be less obviously dramatic but they wouldn't be able to make the big money signings and a club like Chelsea would be in a stronger position and then it's rivals in terms of going into next season with a revive to like squad new legs new minds new ideas. Anyway what do you guys think? I want to get everyone's thoughts and opinions on the situation and what's happening? What do you think of this video? If you've enjoyed the content please like the video that means a lot appreciate your support express your thoughts and opinions and everything I've said down in the comment section below and yeah remember to subscribe to football therapy because I'm taking you through this crisis with daily videos daily content we are refused to get bored of you guys we're going to keep it exciting so make sure you do subscribe and follow me on social media at football we are and come both Instagram and Twitter that's it for me guys enjoy the football that's not happening and I'll see you later