Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Chelsea Financial Record Angers Wenger
Times Online, February 20th, 2007 2:56PM
Subscribe to Section 2 Around the Net


MOST READ


At a press conference Monday that was supposed to be about Arsenal's preparation for Tuesday's second round Champions League clash with PSV Eindhoven, Manager Arsene Wenger expressed a deeper concern for the fact that Chelsea is allowed to operate at a loss of $156 million because it has a billionaire owner. Unfortunately for Wenger, this is a trend that could easily continue as more foreign investors swoop in to buy Premiership clubs.

"They have a super sponsor," he said of Chelsea, adding that a club's finances should be balanced with its natural resources. "With normal mathematics, minus 80 is minus 80. It is 80 miles below water, and to survive so deep is normally very difficult. But if you have a support, that allows them to do it. The rules allow them to do it.

Nevertheless, it should be noted that many English lose money, including Liverpool, whose debt was assumed by the American duo George Gillett and Tom Hicks when they took the club two weeks ago. Wenger believes the rich-poor divide wouldn't be as wide in the EPL if club spending were pegged to financial performance. "Is it right for any business, not only in football, to have that kind of artificial income?" he asked. "And, secondly, it makes a club dependent or reliant on only one man." Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now


AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Report: Pulis Resigns as Stoke Manager    
Tony Pulis has resigned as Stoke City coach, according to reports in England. The 55-year-old Welshman ...
Ferguson Wins Fourth LMA Manager of the Year Award    
Alex Ferguson on Monday received his fourth League Managers' Association award for manager of the year. ...
Brighton Suspends Coach Following Excrement Incident    
Brighton coach Gus Poyet, assistant Mauricio Taricco and first-team coach Charlie Oatway were suspended on Monday ...
Report: Atletico Expects Falcao to Leave    
Over the past few weeks, Atletico Madrid striker Radamel Falcao has been linked with moves to ...
Spain Says Adios to Mourinho    
Following the news on Monday that Jose Mourinho's three-year reign as Real Madrid coach will end ...
Report: Barca Ponders Vilanova Backup Plan    
In his first press conference after returning from cancer treatment in the United States, Barcelona coach ...
Reports: Mourinho Future to be Decided This Week    
Reports in Spain suggest that Real Madrid coach Jose Mourinho's future could be decided this week, ...
Fiorentina Angry as Milan Edges UCL Berth     
There was high-drama in Italy on Sunday as the Serie A season came to a close. ...
Beckham's Emotional Farewell     
In a weekend of emotional farewells, David Beckham was perhaps the most emotional. As he was ...
Steve Clarke Interprets Fergie's Final Words     
Following his last game in charge of Manchester United, which finished by the astonishing score line ...
>> Section 2 Around the Net Archives