Spanish Owned Banks

Why The Long Term Solution At Chelsea Is Not Roman’s Money.

Chelsea may have an excellent recent domestic record, a team packed with great players who play open attacking soccer and be one of the richest clubs in world soccer, but the owner Roman Abramovich has one large problem to resolve. The fact that Chelsea are most likely to end every season deeply in debt on their club balance sheet, despite the millions that Mr Abramovich has put into the team.

A club may be able to make a decent amount of money from club and kit sponsorship deals, the sale of soccer merchandise, the sale of players and prize money winnings, if they are good enough, but for Chelsea the enormous costs of keeping their squad together is still a big drain on the clubs resources. With UEFA now having rules in place that ensures by 2012, all clubs entering their competitions have to pass strict financial controls, there is a growing need for Chelsea to find an answer to their increasing debt.

Addressing this little problem began last summer when several first team players were allowed to leave the club. Manager Carlo Ancelotti chose to drop or transfer several established players from the top squad, such as Ricardo Carvalho, Joe Cole, Deco, Juliano Belletti and Michael Ballack and replace them with youth promoted from the Chelsea Academy. Even this reduction of the playing squad and more reliance on youth players has not been completely effective in stopping the club’s constant tumble into debt.

Mr Abramovich’s ultimate objective for Chelsea is that they become not only the biggest name in the English league, but around the world too. Depending on your personal opinion, this title is currently held by either of the Spanish giants Real Madrid or Barcelona, or Chelsea’s Premier League rivals Manchester United, and the reason why Chelsea have been unable to compete with these three giants of the world game is due to two main reasons:

• The seat capacity of Stamford Bridge and the gate revenue the stadium generates.
• The clubs income from merchandise sale worldwide.

resolving the issue with the stadium capacity and income generating capabilities of Stamford Bridge is something which Roman Abramovich may be reviewing in the near future. Reports have suggested that Stamford Bridge may say goodbye as the home of Chelsea Football Club. Specific details remain sketchy but there is renewed talk that Chelsea may be moving in the forseable future to a shiny new, 60,000 capacity stadium which will then become the foundation for the club pushing on to becoming truly the biggest club in world.

The proposed new stadium and its higher capacity will have a instantaneous, positive effect on resolving Chelsea’s financial problems. The increased revenue from the larger ticket sales would, provided the club can fill the larger stadium, provide considerably more income for the club during each home game. This additional generated will place the club in a far stronger position to follow to the new UEFA guidelines, which are slated to be begin in 2012, by rapidly improving the amount of money the club can hope to generate in each of their home games throughout the season. Additionally, building a new ground will enable Chelsea to organize a lucrative sponsorship deal over the name of the ground, as neighbours Arsenal did when they sold the naming rights to Emirates stadium.

A new ground would also have the benefit of improving levels of merchandising sales that the club generates as the new ground would give the club increased publicity, especially in the potentially large customer markets in Asia and the USA.

The long term success of Chelsea relies on the owner investing his resources not just in world class players, but in the very foundations of the club. If Mr Abramovich is ready to upgrade Chelsea onto the equal level as Real Madrid, Barcelona and Manchester United, then he needs to invest his money in a new stadium as that is the next step that this great London team must take if it is to achieve the levels of greatness to which they aspire.

Sometimes I Despair Of Spanish Banks

Bancos mexicanos en propiedad de extranjeros.(Citibank adquiere Banamex)(TT: Mexican banks owned by foreigners.)(TA: Citibank acquires Banamex)(Artículo Breve): An article from: Semana $5.95 This digital document is an article from Semana, published by Spanish Publications, Inc. on May 25, 2001. The length of the article is 584 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Bancos mex...

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