Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Chelsea Financial Record Angers Wenger
Times Online, February 20th, 2007 2:56PM

MOST READ

MOST COMMENTED

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
Rooney Named England Captain     
Roy Hodgson on Thursday named Wayne Rooney captain of England following the retirement of former captain ...
Van Basten Exhibits 'Severe Symptoms'; Leaves AZ Indefinitely     
Netherlands and AC Milan legend Marco van Basten on Thursday mysteriously left his post as AZ ...
Arsenal Loses Giroud Until 2015     
Arsenal coach Arsene Wenger on Thursday confirmed that striker Olivier Giroud had surgery on an injured ...
Reports: Diego Costa Suffers Hamstring Injury     
Chelsea's Diego Costa has reportedly suffered a minor muscular injury to his hamstring in training, but ...
Liverpool Lands Real in UCL Draw     
Liverpool, making its return to the UEFA Champions League for the first time since 2010, was ...
Benitez: 'Errors' Cost Napoli UCL Place     
Rafael Benitez lamented his team's errors as Napoli crashed out of the UEFA Champions League on ...
Ronaldo Wins UEFA Best Player Award     
Real Madrid superstar Cristiano Ronaldo on Thursday received the UEFA Best Player in Europe award for ...
Xabi Alonso to Join Bayern Munich    
Real Madrid midfielder Xabi Alonso, who retired from international competition with Spain earlier this week, landed ...
Bookmakers Slash LVG Exit Odds    
British bookmakers reacted to Manchester United's humiliating 4-0 defeat against Milton Keynes Dons in the Capital ...
Atletico Appeals Simeone's Ban    
Atletico Madrid President Enrique Cerezo on Tuesday said the club would appeal coach Diego Simeone's eight-game ...
>> Section 2 Around the Net Archives