Chelsea
|
|
Could Chelsea go bust under Abramovich? Chelsea’s losses under Abramovich
Total loss on 2005/6 transfers – £100 million Top salary – Peter Keynon, £5.2 million Future promises:
On this basis – assuming these last two points are true, then the first profit will be made in 2010-11, by which time the club will have accumulated further losses. It might look a bit like this
Thus entering their profitable phase the club will have accumulated losses of £428 million. That assumes that no only does the plan work, but also that Chelsea do not speculate by taking on a new stadium. If so, that could double their losses. A slippage in their plan, or a decision to out-Arsenal Arsenal by building something even bigger could take them up to accumulated debts of £1 billion. Quite a lot really. And for the first time the question could be asked – does the owner really have that much money?
|
