This really is the crucial moment for me into the whole 'football club as an investment' malarkey. As I've said down the years on here, I don't believe that City/Chelsea/PSG can exist at the top level without their benefactor, and that the club cannot sustain its spending within its own means. We finally get a test case!
Despite Chelsea being purchased for just about 150m back 20 years ago, Roman is currently 'owed' c. 1.5bn that he has put in. So on average he has subsidised Chelsea to the tune of c. 75m per season across his ownership. Which forces the question: what does Chelsea FC look like with 75m less spent every season? Because if an owner takes over that wants to run in the black, that is what will have to happen.
What is categorically true is that if Roman had simply stuck his 1.5bn in any kind of market tracker across those 20 years, he would have made significantly more than what appreciation the asset has incurred at a sale. Note, that won't stop pro-Roman/Chelsea 'journalists' claiming that he took a measly 150m and turned it into, say 2bn - they'll just ignore the bit where he spent 1.5bn to do so, and ignore inflation/opportunity cost.
Anyway, my whole theory/argument with all the sugar-daddy clubs was that a day of reckoning can come, and when it does all those vehemently arguing that their club can totally 'stand on its own feet' and was a 'shrewd investment' will be put to the test. Let us see.