Chelsea want trophies and profitability — Chairman

By Daily Sports on October 12, 2018

Chelsea Chairman Bruce Buck has outlined plans on how Chelsea are pushing to win trophies in a sustainable manner, with rumours rife that owner Roman Abramovich is preparing to sell the club in the near future.

Abramovich has halted his plans to redevelop Stamford Bridge with Chelsea, citing the reason as a “current unfavourable investment climate,” but it came on the same day that the Blues owner received Israeli citizenship after experiencing delays in getting his UK tier-1 visa renewed.

The Russian oligarch has already invested well over £1 billion into the club and he is reported to want what would be a world-record price for a sport team of £3 billion to sell.

Sources at Chelsea have denied the reports but they are not going away, with chairman Buck outlining his club’s updated strategy to become sustainable amid a backdrop of uncertainty.

“It is developing, I think that we are all looking to be breaking even, and even be profitable, over the long term, but it is difficult,” Buck said at Leaders Sport Business Summit at Stamford Bridge.

“The reason you have a football team is to win trophies, although there’s not a direct correlation, as winning trophies requires a lot of investment.

“At Chelsea, we have worked very hard to push the sponsorship model. We have done everything we can to increase our matchday revenues and non-match day revenues at events like this. Most importantly, and we are at a crossroads, we are looking at media and broadcasting.

“We are looking at the opportunities for the future to really make this club stable and profitable for the long term. Yes, we have central distribution for the main broadcasting revenues, but there’s lots of pieces that we can put together in terms of what’s going on in the world.

“Disruption media broadcasting [including the likes of DAZN] and looking at other avenues to capitalise on the assets we have. The world is desperate for content. The world is even more desperate for live content. We have that.

“We are looking at things like Dugout, which you might be aware of, and other things to try to increase the revenue base going forwards.”

Chelsea caused major disruption in European football when Abramovich took over the club in 2003, as they entered the top level of the transfer market and established the dominance of bigger clubs.

“The dream in England is, if you support a Conference team, someday you’ll win the Premier League. Financial Fair Play has pluses and minuses. One of the minuses is that dream is not possible. What Chelsea did in 2003, what Man City did five years later, that is virtually impossible under FFP. (Goal.com)

•Photo shows Chelsea Chairman, Bruce Buck

Source Daily Sports

Posted October 12, 2018


 

You may also like...
Eagles’ll go out for win – Troost-Ekong

Semenya Loses Appeal over Testosterone Rules

Modric speaks on Ballon d’Or award

Dybala Doubtful For Next League Clash

Pellegrini Appointed As Real Betis Manager

Bale Dropped from Madrid Squad to Fuel Exit...

 

Latest News Senator Akobundu’s Program For Abia Central Youths Arsenal nearing deal for Italy defender Calafiori Murray to retire after Paris Olympics I’m well prepared for Olympics – Aruna Tobi Amusan named Nigeria’s flagbearer for Paris 2024 Olympics Forest, Ipswich battle for Iheanacho Why Osimhen may remain at Napoli De Bruyne not leaving Manchester City-Guardiola NOC Seminar For Fitness Trainers Holds In September Aston Villa make João Félix a target after agreeing £50m Moussa Diaby sale Paris 2024: Men’s Olympics football fixtures James Rodriguez to leave São Paulo, eyes return to Europe

 

Most Read Rangers International going, going . . . (54,456 views) Amaju Pinnick: A cat with nine lives (45,504 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (43,617 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (43,193 views) Sports Development: Zenith Bank on the zenith (43,080 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (43,000 views) Current issues in Nigerian sports: Matters arising (42,948 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (42,428 views) Olopade, BET9A wave of revolution in NNL (41,494 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (40,288 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (38,723 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (38,175 views)

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media