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Goodbye to moneybags Chelsea? Blues set to become a selling club!

Despite Phil Scolari claiming that Chelsea currently have a bureaucratic team (whatever that means), and that the sale of Arjen Robben along with the failure to snare Robinho means that they apparently haven’t got any flair players, it appears as though the club are in rush to but any crowd-pleasers.

Chelsea have just announced losses of nearly £66 million for the past financial year, much of which was spent paying off Messrs Mourinho and Grant (Scolari’s golden goodbye will feature next year instead). What’s more, the Press Association reports that rather than continuing to splash the cash trying to finally land the Champions League, the club are about to get altogether more frugal.

Kenyon said: “In line with our long-stated business aims, any squad structuring in the summer will be funded prominently by sales as we have consistently reduced our net transfer spend over the last five years and will attempt to continue this trend.”

He added: “We have set ourselves ambitious targets… to require zero cash funding from the owner at the beginning of the financial year 2009/2010.

“We have consistently advocated the aim of self-sufficiency which has always been supported by the owner. We are hopeful of being close to these targets in the time-frames we have set given the underlying strengths of the business.”

Chelsea supporters, what do you make of this latest news? It’s actually quite refreshing to hear that the club are actually trying to balance the books in some shape or form, although it’s equally as certain that Manchester City are going to go wild with spending in their place. Nevertheless, does this mean that the Blues might struggle to continue challenging for honours, and which players do you think the club should sell in order to buy new ones?

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