Sunday 15 February 2009

Chelsea’s Predicament

In the summer of 2003 few had heard of Russian billionaire Roman Abramovich before he bought Chelsea, but his name was on everyone's lips soon afterwards as he financed a huge spending spree - the like of which the game has never seen - and put Chelsea well and truly up with the big boys.

Business or pleasure
Whilst everyone knows that winning is a must for Abramovich, it is rumoured that Abramovich’s team had no business plan and therefore his subordinates or rather the real people who ran the day to day affairs at the club were under the impression that the new “Billionaire” boss is all about having fun and winning trophies, and who could blame them when the boss goes around quoting "The goal is to win. It's not about making money. I have many much less risky ways of making money than this (buying Chelsea football club). I don't want to throw my money away, but it's really about having fun and that means success and trophies."

Global Financial Crisis
According to one of Roman Abramovich's closest confidantes revelation to the independent newspaper in November 2008, the Chelsea's billionaire owner had been hit hard by the global credit crunch resulting to cut back their spending and "hit the financial brakes".
It appears that this is where the u-turn occurred from pleasure to strictly business this answers the questions of many long standing Chelsea fans why Abramovich is not sanctioning transfers, but does not answer what his plans are for the club or whether it is sound to hit the financial brakes at a time when Chelsea have to live with an aging squad.
Chelsea fans owe Abramovich a lot – but he also owes them some answers.

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