Post by QPR Report on Oct 26, 2008 15:27:46 GMT
Chelsea had an incredible undefeated home record run of 86 games... Today it ended Chelsea 0 Liverpool 1
news.bbc.co.uk/sport2/hi/football/teams/c/chelsea/live_text/default.stm
Good to see John Terry was part of the team that saw this run ended.
Chelsea's own response can be read on their site
www.chelseafc.com/page/Home/0,,10268,00.html
Today's Observer
Chelsea look to cut their costs
Duncan Castles The Observer, Sunday October 26 2008
Chelsea have instigated a comprehensive financial audit of club expenditure as the credit crisis begins to impact even football's biggest spender. Initiated earlier this month, the cost-cutting exercise comes at a time when owner Roman Abramovich is nursing multi-billion-pound investment losses.
While significant organisational savings are expected it is unclear how economising will affect Chelsea's transfer-market dealings. Asked on Friday if the club would be active in the January window, chief executive Peter Kenyon replied, 'Absolutely not,' but club officials have since sought to clarify Kenyon's comments, saying money would be available to strengthen Luiz Felipe Scolari's squad if the manager felt it necessary.
The highest-spending club in football for several seasons after Abramovich's 2003 takeover, Chelsea remain dependent on the Russian's largesse. Chelsea carried £736m of debt according to the club's last published accounts - £578m of that total in the form of so-called 'soft loans' by Abramovich. Kenyon last week conceded that the club's plan to be self-financing on a year-to-year basis had been postponed to 2010 or 2011.
In August the owner refused to sanction a £32.5m bid for Brazil international Robinho, allowing Scolari's principal attacking target to join Manchester City, but the manager has followed the club line when speaking publicly on January transfers. 'I need to know now what happens with some injuries in my team,' Scolari said last week. 'If I have some problems, I need to buy maybe one player.'
Abramovich's personal fortune was estimated at £11.7bn in April, including a £6.2bn stake in steel group Evraz, whose share price has slumped from $84.50 (£53.10) to $12.51 (£7.86) since the start of April. A spokesman for Abramovich dismissed damage to this and other investments as 'merely paper losses'.
Jürgen Klinsmann believes Michael Ballack should end his rift with his successor as Germany coach by issuing an apology. Ballack and Joachim Löw are set to hold talks over the Germany captain's international future following Ballack's remarks that the coach lacked respect for the older players in his squad.
It is uncertain when those talks will take place, as Chelsea manager Luiz Felipe Scolari yesterday told Löw to come to their Cobham training ground if he wants to talk to his midfielder.
But for that to happen, Klinsmann - who is now in charge of Bayern Munich - feels Ballack must first say sorry for his recent comments. 'The situation is simple: Michael must apologise to the coach and his team-mates for these comments,' Klinsmann said.
Karl-Heinz Rummenigge, the Bayern chairman, has also told the club's former player that he should take the first steps to resolve the issue. He said: 'It is not right to criticise the coach in public and Michael Ballack must admit he has overstepped the line. He has got to apologise to the Germany coach.' Germany face England in an international friendly in Berlin on 19 November.
news.bbc.co.uk/sport2/hi/football/teams/c/chelsea/live_text/default.stm
Good to see John Terry was part of the team that saw this run ended.
Chelsea's own response can be read on their site
www.chelseafc.com/page/Home/0,,10268,00.html
Today's Observer
Chelsea look to cut their costs
Duncan Castles The Observer, Sunday October 26 2008
Chelsea have instigated a comprehensive financial audit of club expenditure as the credit crisis begins to impact even football's biggest spender. Initiated earlier this month, the cost-cutting exercise comes at a time when owner Roman Abramovich is nursing multi-billion-pound investment losses.
While significant organisational savings are expected it is unclear how economising will affect Chelsea's transfer-market dealings. Asked on Friday if the club would be active in the January window, chief executive Peter Kenyon replied, 'Absolutely not,' but club officials have since sought to clarify Kenyon's comments, saying money would be available to strengthen Luiz Felipe Scolari's squad if the manager felt it necessary.
The highest-spending club in football for several seasons after Abramovich's 2003 takeover, Chelsea remain dependent on the Russian's largesse. Chelsea carried £736m of debt according to the club's last published accounts - £578m of that total in the form of so-called 'soft loans' by Abramovich. Kenyon last week conceded that the club's plan to be self-financing on a year-to-year basis had been postponed to 2010 or 2011.
In August the owner refused to sanction a £32.5m bid for Brazil international Robinho, allowing Scolari's principal attacking target to join Manchester City, but the manager has followed the club line when speaking publicly on January transfers. 'I need to know now what happens with some injuries in my team,' Scolari said last week. 'If I have some problems, I need to buy maybe one player.'
Abramovich's personal fortune was estimated at £11.7bn in April, including a £6.2bn stake in steel group Evraz, whose share price has slumped from $84.50 (£53.10) to $12.51 (£7.86) since the start of April. A spokesman for Abramovich dismissed damage to this and other investments as 'merely paper losses'.
Jürgen Klinsmann believes Michael Ballack should end his rift with his successor as Germany coach by issuing an apology. Ballack and Joachim Löw are set to hold talks over the Germany captain's international future following Ballack's remarks that the coach lacked respect for the older players in his squad.
It is uncertain when those talks will take place, as Chelsea manager Luiz Felipe Scolari yesterday told Löw to come to their Cobham training ground if he wants to talk to his midfielder.
But for that to happen, Klinsmann - who is now in charge of Bayern Munich - feels Ballack must first say sorry for his recent comments. 'The situation is simple: Michael must apologise to the coach and his team-mates for these comments,' Klinsmann said.
Karl-Heinz Rummenigge, the Bayern chairman, has also told the club's former player that he should take the first steps to resolve the issue. He said: 'It is not right to criticise the coach in public and Michael Ballack must admit he has overstepped the line. He has got to apologise to the Germany coach.' Germany face England in an international friendly in Berlin on 19 November.