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Chelsea lose £40m?


chrismada9
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Carlo Ancelotti, without a win in five Premier League matches, will not be allowed to bolster Chelsea's faltering title hopes by adding to his squad in the January transfer window.

Chelsea will announce in the new year that the club lost £40million last season despite winning the League and FA Cup Double.

Only if owner Roman Abramovich has a major change of heart and subsidises a new signing will Ancelotti be able to bring in new blood next month. And the Italian has been told that such an about-turn is not on the agenda.

The lack of funds will further frustrate a manager who is expected by Abramovich to improve on last season's performance, despite having to operate with a squad that captain John Terry admits is weaker than the one that completed the Double.

Ancelotti, who has insisted that despite recent injuries he cannot blood his youngsters at such a time of crisis, now faces Arsenal in a vital match tomorrow knowing that his principal rivals for the titles - Manchester United, Manchester City and Arsenal - have significant funds to strengthen in January.

City will make a further move for £35m Wolfsburg striker Edin Dzeko, while United are monitoring Liverpool's £20m goalkeeper, Pepe Reina, and Atletico Madrid's £15m David de Gea, as Arsenal contemplate a £10m move for Bolton centre-half Gary Cahill.

But potential Chelsea moves for a new striker, such as City's unsettled Carlos Tevez or Liverpool's Fernando Torres - either of whom would cost £40m - or for Benfica centre-half David Luiz, who is valued at £25m, are seemingly impossible.

Despite enjoying an historic season in 2009/10, Chelsea's financial figures are unlikely to see a significant change from the previous year's loss of £44.4m, taking the total amount of losses since Abramovich took over seven years ago to more than £500m.

The Russian has committed to reducing the club's annual deficits ever since announcing a record loss for a football club of £140.2m in 2005.

Chief executive Ron Gourlay has already told players, in a team meeting at the start of the season, not to expect major signings, as the club are now expected to generate their own transfer funds through sales rather than rely on hand-outs from Abramovich.

Gourlay has been instituting a number of economies this season, which included refusing to renew the contracts of Joe Cole and Michael Ballack and cutting the win bonuses of some players.

Chelsea need to show UEFA they are making progress in reducing their losses from next season. Europe's ruling body will monitor club accounts as part of new financial fair play regulations.

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Source: Daily Mail

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I'm adament the Daily Mail isn't one of the bad source... is Roman turning his back on us?? :mouthclosed:

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Doesn't make any sense whatsoever.

  • We saved around 26 millions from Ballack, Deco, Joe Cole and Belletti.
  • Got improved deals from Adidas and Samsung.
  • Earned a bit for Di Santo, Sinclair and 5,5m€ for Stoch.

Hope the club will issue a statement against that article soon.

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Not sure about this when I read it, considering it's the Daily Mail.

I don't think we should take this years into account to be honest, because we've shaved a huge amount off the wage bill, plus we've got that lucrative sponsorship deal with Adidas & Singha Beer. Roman's got a tough decision to make. If they're right at the Daily Mail (..ha.) Roman's invested near £800million and lost £500million.

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I swear, the Daily Mail is so anti-Chelsea it's quite shocking, I hope to god this isn't true! :mouthclosed:

Same!!!! Funny thing is,half the time the only thing thats in the Mail that isnt anti Chelsea is Graham Poll! Yeh he dont have much to say but least he backs us when decisons dont go our way lol..as postive as it gets

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Btw this is totally rollocks so that all of you know, daily mail don't know shit plus to them a investment equals a loss. Just read what a unbiased finance company like Deloitte says, then go into the bathroom and take a dump and wipe your ass with the Daily Mail. :readthemessage: :tophat:

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To be honest Roman knew he would not make a profit from buying chelsea fc, football clubs are not cash cows, you only make money if you buy a club do it up a bit and sell it off. This club has been an absolute horror story in terms of when you look at it as a investment.

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One thing id like to throw into the mix is that the previous financial year we made a loss of 44.4m down from 65.7m, in that loss the compensation package paid out to ex managers/staff (grant, clarke, ten cate, scolari and his staff that went with him) totalled 12.6m we also finished major building works in that financial year on the cobham first team and youth complexs so that needs to be factored in as well, transfer wise we only paid out net on zhirkov and from what I have read it is round the 15-17m mark, we also got rid of pizzaro and shevchenko from the wage bill which would have saved circa 9m a year whilst adding zhirkv and sturridge of note to the tune of 5-7m a year, if you take all that into account id say the daily fail are being lazy and assuming we wouldnt have made much more progress on the annual losses incurred each year, personally I believe that the loss will be closer to 25-30m this financial year.

Next year we will imho either break even or be within 5m of it, this financial year we would of had the money for winning the league and fa cup, coupled with a net spend of 10m and a reduction in wages of circa 25m and hopefully a longer run in the corrupt cup.

In other words relax by the time the new rules that prat platini wants to bring in are implemented we should be on a solid financial base, man city on the other hand look like it will be 2025 at the earliest before they get their going off how long it took us and their superior outlay and running costs (wages).

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One thing id like to throw into the mix is that the previous financial year we made a loss of 44.4m down from 65.7m, in that loss the compensation package paid out to ex managers/staff (grant, clarke, ten cate, scolari and his staff that went with him) totalled 12.6m we also finished major building works in that financial year on the cobham first team and youth complexs so that needs to be factored in as well, transfer wise we only paid out net on zhirkov and from what I have read it is round the 15-17m mark, we also got rid of pizzaro and shevchenko from the wage bill which would have saved circa 9m a year whilst adding zhirkv and sturridge of note to the tune of 5-7m a year, if you take all that into account id say the daily fail are being lazy and assuming we wouldnt have made much more progress on the annual losses incurred each year, personally I believe that the loss will be closer to 25-30m this financial year.

Next year we will imho either break even or be within 5m of it, this financial year we would of had the money for winning the league and fa cup, coupled with a net spend of 10m and a reduction in wages of circa 25m and hopefully a longer run in the corrupt cup.

In other words relax by the time the new rules that prat platini wants to bring in are implemented we should be on a solid financial base, man city on the other hand look like it will be 2025 at the earliest before they get their going off how long it took us and their superior outlay and running costs (wages).

The question is, in wich situation we will be when Platini's rules start ? Maybe we wont be playing in Europe anyway.

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