Thetownend.com

Abramovich has decided to leave Chelsea and cut his losses.
He has put the club up for sale for 200m.

This will be announced in the new year, info from a reliable source. Watch the wheels fall off at Stamford Bridge, they are losing 97m a season and I believe they have outstanding debts of 700m.

I so want this to be true............

I actually heard the same thing but couldnt be arsed to post it on here only for everyone to say its bollocks

I'm sure some other ridiculously rich person will take hold of the reigns. The money they'd like wouldn't be available to them but they've hardly spent much recently, compared to what they and overs have spent before.

I'd quite like Chelsea to stay up there tbh, they've been the only serious contenders with Manchester United in the last few years with Arsenal and Liverpool being good when they want to but ridiculously inconsistent (bar Liverpool this season, who do look like they'll make a good go of a title challenge). A one horse race would be even more dull than usual!

Abramovich's personal fortune has dropped from 16 billion euros to 2.3 billion in less than 6 months.

Chelsea will go up for sale for 200 mill, Abramovich will be cutting his losses, he has already ploued 700m into Chelsea and they currently have debt of over 700m with an operating loss of over 90m.

It is obvious with his current financial position he cannot continue to keep putting money into the club, it will happen.

He does have a trust set up for the club, from what i remember, which he did in the event of him ever leaving or something to keep the club afloat.

http://www.sportsya.com/english/news.php/Roman_Abramovich_is_said_to_sell_Chelsea_due_to_financial_crisis.html?id_estruc=283&id=196873

No smoke without fire, it would be funny to watch the premier League collapse like a pack of cards as they all implode.

If this is true,I can see a lot of unhappy face's in the swiss chalet :D

It could be a good new year after all.

It was bound to happen to one of these clubs... such a shame :D

You may laugh, but most of our backers' fortunes are tied up in equities. It could be us soon.

The difference is we are not paying our squad a 100 times are income. If the backers pull out of these top Prem clubs they will implode, if they pull out of us we will just get loans and free transfers instead of paying 80k for a player. To compare us with them is laughable.

Who pays our £3M projected loss? We'd have to sell everything in sight, and that leads to a death spiral IMHO.

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What Batch said.

Is 3 million a year an official figure becuase if we are losing that much on 8k crowds how much are the likes of Hereford,Cheltenham,Crewe etc losing.  My point is even if they pull out we would rely on youth and loans and get rid of any higher earners, whereas the Prem clubs would truly implode  suspect a couple of stars account for their total income unless they are going to play 2 a side .

Not relevant, they haven't been mismanaged for years. And yes, the £3 million figure has been floated by both Fitton and Watkins.

If they pulled out we wouldn't be able to rely on youths and loans because quite simply we'd have no operating capital and would go bust, just like we nearly did under the old board who very much operated on a free transfer and loans basis.

And if Abramovich pulls out of Chelsea I can't see them just 'imploding'. Yes, they have big losses but I bet their cash flow is considerably better than ours and they'd easily survive on their normal revenues.

Which is why they stated we'd need to sell someone in January.

Yes official. And the reason is because of the historic debts. They are working bloody hard to reduce this £3M to something more manageable from next season but bear in mind only Walsall and Crewe were actually profitable in our league.

It doesn't matter if you have a wage sustainable by our attendances. If you can't service our historic debts the result is the end of the club. Chelsea at least have a fuck load of saleable assets (players and so on), their own ground and a large fan base. They may go backwards but I bet they would get enough £££ in to survive .

We have none of this. We would probably go under.

In other words I believe Chelsea are in a much better position to continue as a football club if their funding is cut than we are.

No they didn't, or if they did I missed it. At the AGM they said it is realistic to expect we would sell if the price is right, and that was in the context of emerging youth players.

They also said the squad needed reducing in size. With the likes of amankwha, Marshal and Casal doing nothing it's not too worrying.

Our only saleable assets ATM is Cox and Morrison. Watkins has said a the Trust AGM  Cox is going nowhere on the cheap when asked (an example figure of 800K being the definition of cheap was  provided my a member IIRC).

Things may have change. Or a silly offer may have come in, but I have never seen a quote saying we are duty bound to sell in Jan.

 Ok realistic to expect to sell..might not quite be the same as need to sell, but my interpretation is that it means we'll most likely see someone go in the window.

They never said January at all. They said this year. That could be January, or it could be at the end of the season.

Fair enough, you may be right, depends on the offers that come in I suppose.. I think they'll be a bit more hardball when it comes to the £££ other clubs will be paying.

To be honest someone should make an executive decision and say Cox takes the penaltys. He only missed one (I think), and it could add a lot on his transfer.

It would be nice if a few clubs at the top started to implode. A nice big depression in the market is what we need, before the board try and spend any serious money. The only way I could see us getting in serious trouble is over spending in the transfer market. Hartlepool fans said that players Wilson has bought in recent years havent been the best, and weve all seen what happened in the summer with Casal. They need a really good scout.

The size of Chelsea's wage bill is obscene. Id love to see them back down a peg or three.