Roman has spent £457m finding 1,639 new Chelsea fans...
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Chelsea Owner Roman Abromovich Set To Make Financial Club Cutbacks - Report
Chelsea’s billionaire owner Roman Abramovich has reportedly told the club that their big spending days are over.
The Russian has been in control of the Premier League champions since 2003, but has told officials and executives that the club will now have to live within their means and that cutbacks will be necessary in order to stabilise finances at Stamford Bridge.
This has led to players having their bonus payments reduced, which basically means a pay cut, and when addressed at Chelsea’s Cobham training ground earlier in the week by chairman Bruce Buck, they were told that the club will now have to generate the money first in order to bring new players to Stamford Bridge.
The Russian forked out over £230 million in his first two years with the club, signings the likes of Michael Essien, Didier Drogba and defender Ricardo Carvalho, as well as some of the least successful signings such as Damien Duff and Adrian Mutu, all for substantial sums.
The cutbacks will also mean slashing catering costs and coaching staff numbers at their Cobham training ground.
However players who signed a contract before 2009 will still have their win bonuses guaranteed.
Despite the cutbacks at Chelsea, Abramovich is still owed £726m by holding company Fordstam but have recorded a staggering loss of £493m since the Russian took over. -
I doubt so leh. Most probably its some sort of rumour.
For past few seasons, Chelsea never really had a big signing...Augero never came, Neymar never came.... Chelsea never really bought any big name players as of now.
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why not?? every club is doing the same thing except man city
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Roman Abramovich has spent £457m finding 1,639 new Chelsea fans... no wonder the Russian is trimming his investment
Crowd pleasers: but Drogba, Malouda and Co do not always play to full houses at Stamford Bridge
In the seven years before Roman Abramovich took over at Chelsea, the club spent £106million on players and drew an average gate of 39,784.
Since Abramovich arrived, £457m has been poured into the transfer market and attendances have risen - to 41,423.
That is a difference of just 1,639 people, or £278,828 per fan. No wonder the talk is that Abramovich is trimming his investment, introducing cost-cutting measures and reduced transfer budgets at Stamford Bridge.
Never forget that three league titles have been won in his time, and an equivalent number of FA Cups. The League Cup has been won twice and Chelsea have appeared in the last four of the Champions League on no fewer than five occasions.
There are obviously contributory factors, not least the capacity at Stamford Bridge. It is likely that for certain big matches the club could have sold considerably more than the 42,449 permitted.
Yet Chelsea's average gate since Abramovich came in would still not constitute a sell-out. The fact is that while the significance of Chelsea has grown in Abramovich's seven years, the size of the club has remained largely unmoved.
It is not familiarity that has bred this contempt, either. Over the preceding decades the supporters hardly had the opportunity to grow weary of the heights of European football, yet it is noticeable that the ground is rarely full for Champions League group games.
Sizing down: Chelsea owner Roman Abramovich
Chelsea should have exploded in Abramovich's time, making a move to bigger premises essential. He has done everything right. He has invested substantially in players of good quality, who have in turn delivered success. He has encouraged entertaining football, and 44 goals in 11 games this season suggest an ambition fulfilled there, too.
He even froze ticket prices for four years prior to this season, equating to a net deduction of 15 per cent, with inflation considered. So what is Chelsea's problem? Strangely, there isn't one. They are simply proof of how incredibly hard it is to grow a club organically beyond its traditional size.
Arsenal moved from Highbury, where the capacity at closure was 38,419, to a new stadium at Ashburton Grove holding 60,355, and filled it instantly. Yet Arsenal have long been established as the biggest club in London and at the time of leaving Highbury had a 20,000-strong waiting list for season tickets, closed for some time. This, in part, prompted their move. The board knew that, in essence, Arsenal were a club with a following of 60,000; it was just that 22,000 of them couldn't fit inside the stadium.
Part of the reason Tottenham Hotspur are so desperate to upgrade White Hart Lane is to accommodate their own substantial waiting list. Yet on June 9, Chelsea announced season tickets were available to any 2010/11 member with 67 loyalty points or more, the equivalent of having attended every home match last season, using a ticket purchased on free sale.
Chelsea continue to look at plans to expand, but without the enthusiasm that exists elsewhere. Their big leap came between 1989 and 2003 when the average gate rose from 15,957 to 39,770. They hit the 41,000-mark the following year and have remained there since.
Bruce Buck, the chairman, is a realist. Abramovich is too, in his way. Beyond swapping lunacy for financial responsibility, his enthusiasm does not wane. Even with unprecedented success and £457m lavished on players, Chelsea find growth hard, yet Abramovich has not lost interest, as many expected.
But how many will follow him, once UEFA's poorly-conceived financial regulations take hold? If Chelsea's progress in joining the traditional upper echelons of European football is so dauntingly slow, imagine how difficult it will be when clubs are denied the potential of fast-tracking through owner investment? The transition from small to middling, middling to elite, will be glacial, and considerably more problematic than it is already.
If Abramovich cannot do it, who can? And more importantly, who will be bothered?
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i guess english football is still about man u, liverpool and arsenal.
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And Spurs, Newcastle to a certain degree... And perhaps even Leeds if they manage to come back to the big time someday...
Building a loyal base takes time... 20, 30 or more yrs maybe... Chelsea is still quite a new "big club". And it doesn't help their cause with other long established bigger clubs like Arsenal and Spurs fighting for one city of fans...
Personally, I think even Man City got a bigger fan base than them and they are only just starting out...
Therefore if Roman can stay for 30yrs and not get disinterested... Maybe they will have a chance to over take Spurs and Arsenal...
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Chelsea probably doesn't have a large fan base in UK, but a larger fan base in areas outside UK. Whats more Chelsea sold the same number of shirts as Arsenal/Liverpool....
