Roman Abramovich will not loosen his purse strings to appease the incoming manager
Antonio Conte has spent the entire season complaining about Chelsea’s failures in the transfer market. The Blues have failed to attract any big-name players over the past few seasons. This is in stark contrast to the early years of Abramovich’s era. With the influx of their new owner’s Money, Chelsea went all in to secure every one of their targets irrespective of the price tag attached to the player. The oligarch’s investment has reduced recently, however.
A change in transfer policy has led to focus on selling on home-grown youngsters for a hefty fee and keeping the net spend to a minimum. Many seemed to think that the arrival of a new manager will see Abramovich return to his spendthrift ways. The Evening Standard has instead made claims to the contrary.
Antonio Conte's successor set for tighter transfer budget at Chelsea. #CFC (Evening Standard)
— CFC (@CFCWriter) April 25, 2018
The heart of the matter
Chelsea’s new stadium plans are expected to set them back a whopping £1.2 billion, double to what was initially expected. Consequently, the club will be forced to take loans from potential investors to the tune of £300-400 million to £850 million. The amount of money the Blues pick up from the market will directly affect the budget available to the next manager.
The new stadium is the next step for Chelsea on their way to reducing direct dependency on Abramovich’s personal wealth. This probably also explains why the Russian – with a worth of £8 billion – will not pay a major chunk of money for the new stadium.
Chelsea has been wise with the amount of money they spend off late. It’s good that Chelsea is looking to reduce the effect of Abramovich’s money on the club. The Blues have not exactly been known for their long-term planning and this will be seen as a pleasant step going forward.
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