As a lifelong Utd fan I have no desire to see Chelsea FC collapse. We might support different clubs but even 30 years on I can remember the great Chelsea players better than the current Utd squad. Peter Bonettii, John Hollins, Peter Osgood, Ron Harris, Charlie Cooke etc. As I refresh my memory using google I can see these players faces. Greed and Big business has poisoned our game.
Roman Abramovich plans to sell Chelsea | SOLD for £4.25BN
- Thread starter Ali Dia
- Start date
As a lifelong Utd fan I have no desire to see Chelsea FC collapse. We might support different clubs but even 30 years on I can remember the great Chelsea players better than the current Utd squad. Peter Bonettii, John Hollins, Peter Osgood, Ron Harris, Charlie Cooke etc. As I refresh my memory using google I can see these players faces. Greed and Big business has poisoned our game.
Don't really get this Chelsea love in personally. History starts in 2003 and a large section of their fans are horrible. I for one welcome your years of mediocrity.
Venables, Wilkins, Houseman, McCreadie et al. The era when George Best himself once said "I'd walk to London to sign for Chelsea if i had the chance"
Of course lest we forget the first "sugar daddy" type club was the Scousers under the Moores
Can't see anyone/group meeting that 4B asking/rumored asking price. Well, unless another oil state wants to sportwash perhaps.
I think most fans commenting are the young crowd who don't know what happened 20 years ago because they were small kids back then.
Btw I think more than us arsenal were robbed of a few titles then.
Reminder: a football club is a terrible investment if your goal is to make money. There are countless demonstrably better ways to increase return on a significant chunk of capital.
Buying a football club only really happens now for sportswashing, or it's a lower league club that can appreciate.
Chelsea only exists as a top tier football club because they were able to throw away 1.5 BILLION on costs, without any repercussions. 80m a season for almost 20 years of pure sugar from the daddy.
It really is that simple. There are 2 options imo:
1. Whoever buys Chelsea is unwilling to subsidise operating costs with external funds, in which case Chelsea will fall away as a major club.
2. Whoever buys Chelsea is happy to throw external capital at it for non-investment reasons, in which case the club will be fine.
We've been saying for 20 years that sugar daddy clubs can only exist as long as the sugar keeps flowing. Chelsea has provided the answer to 'how much woudl it cost to take a 5th placed-team and get it to the top of European football?' The answer is about 1.5bn pounds.
Buying a football club only really happens now for sportswashing, or it's a lower league club that can appreciate.
Chelsea only exists as a top tier football club because they were able to throw away 1.5 BILLION on costs, without any repercussions. 80m a season for almost 20 years of pure sugar from the daddy.
It really is that simple. There are 2 options imo:
1. Whoever buys Chelsea is unwilling to subsidise operating costs with external funds, in which case Chelsea will fall away as a major club.
2. Whoever buys Chelsea is happy to throw external capital at it for non-investment reasons, in which case the club will be fine.
We've been saying for 20 years that sugar daddy clubs can only exist as long as the sugar keeps flowing. Chelsea has provided the answer to 'how much woudl it cost to take a 5th placed-team and get it to the top of European football?' The answer is about 1.5bn pounds.
Please let it be the Glazers who buy Chelsea
I think a Chelsea forced to play even more of their youth are still onto a very good thing depending on how much finance the new owners are willing to pay to keep it all going and supplement that. Are you going to see a lot of money taken out? Their coaching and recruitment has been spot on really but I guess that’s easy with unlimited budget and when mistakes don’t seem to set you back for very long.
Why do you say it’s a bad investment? He bought Chelsea for £140m. Assuming he’s net negative 1.5B from operations of the club, he’s spent in total £1.7B. If rumours are true, he will sell the club for £3-4B. He will walk away with £1-2B for a couple of decades of playing FM with real football club and an amazing 20 years of PR, undoubtedly lobbying with top Londoners. Sounds like a great piece of investment to me.
you would also have to take cash injections in between into account.But in the end you are right. Especially the part with the lobbying is decisive
Do you not even bother a simple google search that would have said an existing premier league club owner would fail the fit and proper test to own a second club?
Think you need to look a little deeper into the accounts and see just what an incredible growth there has actually been in the football club value it really is quite staggering
Most ,no all, pundits and indeed bloggers talk about that £1.5 billion and yes that’s what he has injected by way of loans to Fordstam but Fordstam is a holding company, a company that isn’t just about the football club . In terms of the FC as a stand alone company it’s just over the £1 billion
People forget that this company, Fordstam, for years had been buying up property around SB, that they own and operate the hotels, the Heath club an so on.Of course the principal activity is the football club and there is a separate limited company whose trading numbers are reported In the group numbers but are also available to be read on line.
Lets then look at wage costs Fordstam in total is £340 million and CFC is £290. There are around 400 employees in the football club Fordstam employ 800+
Of course the pandemic hit and hit hard but don’t forget, and I am talking purely from a numbers point of view and not any motive for doing so, that Fordsham did not make any one redundant, did not put any one on furlough nor did they take advantage of any government loan scheme and ran the hotels at full cost without income for the whole of the last accounting period
Finally let’s just look at the stadium. Yes it’s small, yes it needs up dating but matchday income really isn’t the cash cow some make it out to be. Ok increasing matchday numbers helps sell more shirts, more crap tea, etc but in the overall scheme of things its difficult to see any economic justification in putting a billion or so into growing matcbday income by nett of £40-50 million pa.
The cost to both service a debt of size and repay over say a 20 year period alone would cost more than the growth in that area and that’s before you factor in huge additonal costs such as matchday security, water, electric, insurance busInes rates( last time I looked SB costs around £1.5 million pa the Arsenal Stadium costs double in that area alone )
The real growth in income hS been achieved from the likes of TV, commercial and prize money and that in turn is driven by performances on the pitch.
Yes, Roman got all his money from being a tech genius and all-round great human being to Putin.
Poor him
They are. Fortunately, she is just renting as I personally hate it.
That bokoblin looking Saudi sycophant, Staveley thinks poor Roman is unfairly forced to give up his dream.
Sorry, should have been clear on two things:
1. Getting Chelsea for only 140m was brilliant, and akin to picking up a small championship team now. I meant to say today, now that every old prem club is valued at hundreds of millions. There just isn't the potential rise in profits to justify the initial investment.
2. To the above, why would anyone pay 3bn? I made the same comment in the Newcastle takeover thread, any reasonable investor would want something around, say an 8% RoE given current inflation. Let's make it simple, and go even lower at just 5%. That would imply annualised returns of 150m. Here's a list of football clubs that regularly post profits of half that:
We'll see if anyone pays that much. Imo as a financial analyst from a business pov, the only reason to buy Chelsea FC would be because external conditions make it undervalued. You might be able to make an argument that around 1.5bn that's the case. But at 3bn, it's a ridiculous financial decision.
If you want to buy it for non-business reasons fine, but then it's not a shrewd investment on its own two feet.
So what do you value the football club at then? If you were an external investor, looking to maximise your returns, how much would you spend today, and based on what kind of future cash flow assumptions?
In all fairness
If he (the poster you quoted) gives a reply to how much the club might be valued at….it’ll just be a number plucked out of thin air, because no one will truly know how much it’s worth, unless your a genuine potential buyer….which would be cool to have on the Caf…also questionable
The club is worth whatever a buyer is willing too pay, nothing any of us can know other than opinions with no genuine substance
A large portion of their match going fan base are truly horrible. Up with the worst in the league.
Of course she'd say that. If the West weren't so oil thirsty and actually channeled the same energy towards sanctioning Saudi Arabia following their even more brutal assault on Yemen, she knows that her club will likely face a similar fate.
That is true. But if we want to gauge the market then you have to look at similar products (in this case PL football clubs) that are currently being bought. It seems with the PL/FA giving carte blanche to anyone then the price of £3bn is realistic.
The buyer will very likely be another corrupt sports washing or money laundering entity or individual, but they have the free pass to proceed now. Buyers will likely come from the Middle East or far East Asia (China?).
For fans, nothing changes.
Absolutely, I just cringe at the thought of people saying a football club today is a good 'investment' - ie - something you put capital in to make a return.
If your goal is sportswashing, or indulging your FM muppet, or cause you like the colour blue that's fine. But it's not an investment.
And the reason that is important is because most clubs in the premier league have to be treated as a financial going concern, and its supposedly a 'league'.
There have been rumours about a Saudi prince and some wealthy Egyptian family but what's gotten the most traction by far up until now is the Swiss-American group, and if that happens I'd imagine we'd fall back into the pack and we'll be run like a normal.club, where a lot of faith will have to placed in the coaching, scouting, being patient, building revenue etc.
Woooooooshhhh
Tbh it wasn't funny or witty.
Won 1 league title in 100 years before a Russian oilgarch decided to pump millions into his real life Ultimate Team. They are the southern version of City. As plastic as they come.
Those legends were obviously before my time but it's hard to miss their presence when you're at rhe ground. Osgood's statue outside the ground and his ashes are buried underneath one of the penalty spots. That 70's Chelsea side is one people who were alive for it still talk about. I only have anecdotes, books and documentaries to go by, but it was a special team.
So tell me where were you born / located. What was the reason you started supporting Utd.
I think some posters are being a bit out of order in their anger towards him. As far as I am aware, he has never been known as a bad person. Yes how he accumulated his wealth is suspicious but it’s not his fault he’s born in a corrupt country. He has been living in England for years now and clearly loves our culture and people seem to only have good things to say about him.
He has probably risked his own life just to call for peace and offer donations to victims of the war.
He has probably risked his own life just to call for peace and offer donations to victims of the war.
He's one of the top donors towards illegal Israeli settlements. He clearly uses his wealth for evil and he deserves the shitstorm he finds himself in. Yes he was a good owner of a football club but he's also an abhorrent individual and pointing that out and discussing it is perfectly fine.
Well said. There are more important things than the beautiful game.
This.Before the Russian crook took over they were small time.Then they were small time with success.
Feck them.
Are you for real ?
Do some research.
Thank you for explaining why he is a bad character. I of course agree, although I think a lot of people are just angry because he’s Russian and nothing to do with the situation you have mentioned.
Research what, can you be more specific? I am not trying to be dumb here but I don’t have hours to research him. Is it his business dealings? Has he ordered hits on people? please explain and educate me. There are posters like you who are very angry but your not providing any context/ evidence as to why. Sorry if you have already done that in a previous post but this thread is huge now
Nothing more funny than a fan calling another team plastic while practically admitting they support their team solely due to their trophy haul.
Hi Marina. Nice to know you post here.
PS. You’re hot and I want to slide into your DMs.
The fit and proper test was passed by both Abu Dhabi and KSA, so those rules aren't really hard and fast I would imagine. Joel can have United and another Glazer can have Chelsea, problem solved.
That is my dream place to live. Thanks will have a look online and around.
Edit: There are only three houses available otherwise just flats. Not great.
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