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Chelsea 2.0

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Comments

  • Closed Accounts Posts: 1,488 ✭✭✭dc69


    RA is worth about 10 billion,he has nearly spent 1/10th of his personal wealth on a club that never won the big prize.WHEN he sells they will go to muck,whos gona buy them.

    They have no fanbase compared to the other top teams
    **** Stadium
    700m of Debt

    Its not a viable business and when he sells,they will be he next leeds.

    RA is gona realise soon enough he is burning money at quite a rate and will leave.NO One in their right mind would continue the madness of ploughing money in,that you will never get back.He is also very good at loosing money,chevchenko is worth about 10 million now if even,he was originally worth 30,the man just throws money away and contrary to belief he doesnt have bottomless pits and the day will come very soon that he says **** his and leaves.


  • Closed Accounts Posts: 264 ✭✭selpher


    But if he sells we can't be the next leeds. I think you mean if he walks away at which point we've 18 months to pay him back or were screwed. Although In this day and age it'd be a lot easier to get someone to buy the club as its the popular thing to do now. I think all the top clubs have a big risk factor at the moment. Chelsea are no different.


  • Registered Users, Registered Users 2 Posts: 36,714 ✭✭✭✭LuckyLloyd


    dc69 wrote: »
    RA is worth about 10 billion,he has nearly spent 1/10th of his personal wealth on a club that never won the big prize.WHEN he sells they will go to muck,whos gona buy them.

    They have no fanbase compared to the other teams
    **** Stadium
    700m of Debt

    Its not a viable business and when he sells,they will be he next leeds.

    RA is gona realise soon enough he is burning money at quite a rate and will leave.NO One in their right mind would continue the madness of ploughing money in,that you will never get back.

    His personal wealth has been estimated from other sources to be as high as 19Billion (but no - one knows definitively). Also, you might consider that he is estimated to have spent approx 2x on charitable causes what he has spent on Chelsea football club over the past five years (but again it's all estimates). And finally, Chelsea's financial reporting and projections predict that they will become independently profitable sometime around 2011 or 2012 when factoring in operating costs at a similar level to what they are doing currently (but of course the assumptions and data upon which such assumptions are based are vulnerable to changes in the rules or the marketable fan base). As a Liverpool fan I would like to take the rubbish you spout as truth - but it has a distinct smell of bull**** to me. There is little in the way of conclusive evidence that suggests he isn't there for the long haul. But we'll see.


  • Closed Accounts Posts: 1,488 ✭✭✭dc69


    LuckyLloyd wrote: »
    His personal wealth has been estimated from other sources to be as high as 19Billion (but no - one knows definitively). Also, you might consider that he is estimated to have spent approx 2x on charitable causes what he has spent on Chelsea football club over the past five years (but again it's all estimates). And finally, Chelsea's financial reporting and projections predict that they will become independently profitable sometime around 2011 or 2012 when factoring in operating costs at a similar level to what they are doing currently (but of course the assumptions and data upon which such assumptions are based are vulnerable to changes in the rules or the marketable fan base). As a Liverpool fan I would like to take the rubbish you spout as truth - but it has a distinct smell of bull**** to me. There is little in the way of conclusive evidence that suggests he isn't there for the long haul. But we'll see.

    Its not bull**** as you put it,There is no way chelski are gona be out of debt by 2012,not a chance in hell.They are constantly adding to their debt,look at boswinga,they just added 16 million to their debt on a fullback,who will no doubt be one of several expensive players to hit the club this season.To even break even in the next few years chelski will have to cut wage packets and stop buying more players,something they arent doing.

    Utd are brillaint at editing account statements to make it look like they are in profit,as seen this year but chelski are even better at it.


  • Banned (with Prison Access) Posts: 13,016 ✭✭✭✭jank


    700 million in debt. Would like to see the link to that.


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  • Closed Accounts Posts: 1,488 ✭✭✭dc69


    jank wrote: »
    700 million in debt. Would like to see the link to that.

    http://soccerlens.com/chelsea-limited-06-07-financial-accounts-analysis/7451/

    theres a link to the 06/07 balance sheet there,I wouldn pay too much attention to their analysis tbh.

    The debt in 2006-7 was actually 736 million.


  • Registered Users, Registered Users 2 Posts: 36,714 ✭✭✭✭LuckyLloyd


    dc69 wrote: »
    Its not bull**** as you put it,There is no way chelski are gona be out of debt by 2012,not a chance in hell.They are constantly adding to their debt,look at boswinga,they just added 16 million to their debt on a fullback,who will no doubt be one of several expensive players to hit the club this season.To even break even in the next few years chelski will have to cut wage packets and stop buying more players,something they arent doing.

    Utd are brillaint at editing account statements to make it look like they are in profit,as seen this year but chelski are even better at it.

    Not out of debt by that time - but operating at a yearly profit thereafter meaning that Abramovich can see light at the end of the tunnel of bottomless pit investing.


  • Closed Accounts Posts: 1,488 ✭✭✭dc69


    LuckyLloyd wrote: »
    Not out of debt by that time - but operating at a yearly profit thereafter meaning that Abramovich can see light at the end of the tunnel of bottomless pit investing.

    True,but if you think of it that utd(who bring in alot more money) keep buying better players and can afford them more than chelski because they are bringing in more money,then chelski have too buy better/more players,it creates more debt.I cant see them even breaking even for a long time.
    Their stadium and fanbase are too small to break even in the short term imo.Winning the cl and premier league does not get you that much money,your bread and butter is stadium and fanbase.


  • Registered Users, Registered Users 2 Posts: 3,875 ✭✭✭ShoulderChip


    dc69 wrote: »
    True,but if you think of it that utd(who bring in alot more money) keep buying better players and can afford them more than chelski because they are bringing in more money,then chelski have too buy better/more players,it creates more debt.I cant see them even breaking even for a long time.
    Their stadium and fanbase are too small to break even in the short term imo.Winning the cl and premier league does not get you that much money,your bread and butter is stadium and fanbase.

    Yeah Chelsea really need more fans.


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