07 Feb 2016 15:05:10
to ed 2 look forward to your summary regarding ins/ outs.2 questions for you if I may. 1 do you think the owners will be looking to sell around the 2018/ 19 season. 2 not lfc related but in your opinion what provisions will Chelsea be taking if they don't make next years champions league? and are they any closer to appointing a new manager. any replies would be great.
{Ed002's Note - (1) I cannot put a date on it but there is, of course, an exit plan. They do continue to crave success on the pitch and repeated attempts to buy that success have failed. However, they do know the value of the club is increasing to reflect the additional income and at some point, without success, they need to look at the options available - one of which is certainly dropping it on a Far Eastern stock market and letting the institutional owners pick away at it. (2) I am not sure what you mean by "provisions". Chelsea has not got a contract with any new manager at this time.}
07 Feb 2016 15:44:42
sorry ed 2 I meant a plan to cover the lack of cl football I know you like to stay away from discussing money. i'm just so used to Chelsea being in the cl. thanks for your reply. have a good weekend mate.
{Ed002's Note - I am not sure what provisions they would be making - if they don't get in to the CL they will certainly have less income for that season - they just need to ride it out like any other club. They are not going to sell players because of it.}
07 Feb 2016 18:27:00
"one of which is certainly dropping it on a Far Eastern stock market and letting the institutional owners pick away at it. "
Ed, that scares the hell out of me. That could absolutely ruin the club, in my opinion.
{Ed002's Note - It scares me as well but it is the easy out for clubs which are valued at the higher end of the market. It is much harder to sell a club like Manchester United, Arsenal, Liverpool or Chelsea than it is a club worth perhaps only a quarter of their value. There are not the potential owners queuing up out there - particularly football loving owners. Whilst FSG don't have any idea about how to run a football club there are potentially far worse owners out there - and institutional owners would be the worst. FSG invest in sports teams which they look to improve, through further investment, then they look for an income and an increase in value. Institutional owners will develop on year, three year, five year and perhaps seven year plans - analyze the potential returns and what opportunities are in other markets and they will act accordingly. City Football Group that owns Manchester City, New York City, Yokohama F Marino and Melbourne City has sold 13% of their business to a Chinese Consortium -if FSG were to do that (as some folks seem to want), the income goes to FSG and not to the football club. I don't think people understand that.}
07 Feb 2016 19:13:10
I certainly don't want that, but unfortunately that seems to be the future. Thank you for the information.
07 Feb 2016 19:54:32
I don't want that either, Ed.