Arcadian wrote:Read somewhere that UEFA are investigating teams which operate with a huge financial deficit and offenders may face the possibility of elimination from European competions. Man U and Chelsea were quoted as having a combined deficit of over 1 billion pounds and are willing to spend ridiculous amounts for players in the hope of earning big money on future success.
Most of Chelsea's debt is owed to Abramavich, he has only loaned the club his money, not given it. Last year Chelsea lost 75m pounds, and that was with a club record turnover of 190m pounds AND with a transfer profit, ie: bought 7m, sold 15.8m. Since then (this years accounts) they've spent 56m pounds on new players, sold 6m.
Player wages are something like 79% of turnover
(or they were 2 years back).
Arsene Wenger said that only one team in England can afford to spend 30 million in cash
If he's referring to Chelsea then the club can IF the Chairman decides to loan/give it to them.
If Roman ever gets bored/turned on by the fans/fancies buying an Italian club that can win him the Champions League etc etc he has the right to sell off certain assets, the players, the village?, to recover his debt. Chelsea fans do not need to worry about the ground, he can't sell that, my mate and other 'Chelsea Pitch Owners' own the freehold.
SJ
