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	<title>Comments on: Abramovich and the myth of takeovers</title>
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		<title>By: The Shenanigans With Alisher Usmanov and his pursuit of the Arsenal &#124; Soccerlens - Football News Blog</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60937</link>
		<dc:creator>The Shenanigans With Alisher Usmanov and his pursuit of the Arsenal &#124; Soccerlens - Football News Blog</dc:creator>
		<pubDate>Wed, 26 Sep 2007 18:35:39 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60937</guid>
		<description>[...] around the world are not to happy with this move due to various past untoward activities, and with the recent departure of Jose Mourinho from Chelsea due to Roman Abramovich&#039;s constant meddling, a potential takeover by Usmanov does not look good if you are an Arsenal [...]</description>
		<content:encoded><![CDATA[<p>[...] around the world are not to happy with this move due to various past untoward activities, and with the recent departure of Jose Mourinho from Chelsea due to Roman Abramovich&#8217;s constant meddling, a potential takeover by Usmanov does not look good if you are an Arsenal [...]</p>
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		<title>By: avrv</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60930</link>
		<dc:creator>avrv</dc:creator>
		<pubDate>Wed, 26 Sep 2007 17:21:40 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60930</guid>
		<description>I&#039;ve written many times in the past about the (serious) problems I see with this spate of takeovers and why I think it&#039;s bad from both a fan&#039;s and an institutional point of view. To rehash, from a fan&#039;s point of view, your club - something that, most probably, when it was founded, was in the hands of people in your position - is at the whim of someone whose interest in the club&#039;s welfare may be indirect at best, or non-existant at worst. From an institutional perspective, it is perhaps more complicated but the dangers are even greater. 

Some possible scenarios: 

Chelsea - a) Roman loses interest in the club and decides to stop writing off its debt. Chelsea in theory should be the most indebted club in the world, its turnover is hugely inferior to its expenses in transfers and wages. Roman foots this bill. Should he decide to stop and have the club be self-sustaining, the spending power they posess will shrink substantially and they will go back to the position they were in a few years ago.
b) Roman loses interest and decides to sell. Unless he finds someone who is willing to cover the annual losses, a) will happen first.
c) Something happens which makes access to his money unavailable - untimely death, Putin, horrible investments apart from Chelsea a la Cragnotti - which would immediately cause Chelsea to collapse financially.

Man Utd - Due to the enormous interest payments the Glazers must make annually, because of the way they financed their takeover, any sustained lack of success will be devastating for the club. Interest payments will either eat directly into the funds available for transfers/wages, or worse yet, club assets (read: players) will have to be sold in order to meet said payments. 

Liverpool - Same argument as the one made for Man Utd, but because they did not leverage themselves nearly as much (and because Liverpool was simply much cheaper to buy) I see this as less of a problem. It still exists though.

Man City - This one must be more than obvious. See Chelsea c).

And in one way or another these things can be applied to all the clubs that are in the hands of a sole owner, however rich he may be. Why? Because the club&#039;s fate is now tied directly to the fate, or whims - call it what you wish - of one person.

Arsenal is the only truly financially healthy large club in England. They can survive, virtually unscathed, years upon years of relative underperformance.</description>
		<content:encoded><![CDATA[<p>I&#8217;ve written many times in the past about the (serious) problems I see with this spate of takeovers and why I think it&#8217;s bad from both a fan&#8217;s and an institutional point of view. To rehash, from a fan&#8217;s point of view, your club &#8211; something that, most probably, when it was founded, was in the hands of people in your position &#8211; is at the whim of someone whose interest in the club&#8217;s welfare may be indirect at best, or non-existant at worst. From an institutional perspective, it is perhaps more complicated but the dangers are even greater. </p>
<p>Some possible scenarios: </p>
<p>Chelsea &#8211; a) Roman loses interest in the club and decides to stop writing off its debt. Chelsea in theory should be the most indebted club in the world, its turnover is hugely inferior to its expenses in transfers and wages. Roman foots this bill. Should he decide to stop and have the club be self-sustaining, the spending power they posess will shrink substantially and they will go back to the position they were in a few years ago.<br />
b) Roman loses interest and decides to sell. Unless he finds someone who is willing to cover the annual losses, a) will happen first.<br />
c) Something happens which makes access to his money unavailable &#8211; untimely death, Putin, horrible investments apart from Chelsea a la Cragnotti &#8211; which would immediately cause Chelsea to collapse financially.</p>
<p>Man Utd &#8211; Due to the enormous interest payments the Glazers must make annually, because of the way they financed their takeover, any sustained lack of success will be devastating for the club. Interest payments will either eat directly into the funds available for transfers/wages, or worse yet, club assets (read: players) will have to be sold in order to meet said payments. </p>
<p>Liverpool &#8211; Same argument as the one made for Man Utd, but because they did not leverage themselves nearly as much (and because Liverpool was simply much cheaper to buy) I see this as less of a problem. It still exists though.</p>
<p>Man City &#8211; This one must be more than obvious. See Chelsea c).</p>
<p>And in one way or another these things can be applied to all the clubs that are in the hands of a sole owner, however rich he may be. Why? Because the club&#8217;s fate is now tied directly to the fate, or whims &#8211; call it what you wish &#8211; of one person.</p>
<p>Arsenal is the only truly financially healthy large club in England. They can survive, virtually unscathed, years upon years of relative underperformance.</p>
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		<title>By: iqnadirshah</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60878</link>
		<dc:creator>iqnadirshah</dc:creator>
		<pubDate>Wed, 26 Sep 2007 10:47:57 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60878</guid>
		<description>Roman may have brought instant success to a trophy-hungry club, but at what cost? Is the camaraderie still there? Are the players loyal to the club or to the coach? Will any of the current players or the future manager and even future players be at home at Stamford Bridge? Any new coach coming in will bring fresh replacements. And where will the present ones go? All points to ponder about. And all that just because the owner meddled too much into the affairs of the manger and finally threw him out.</description>
		<content:encoded><![CDATA[<p>Roman may have brought instant success to a trophy-hungry club, but at what cost? Is the camaraderie still there? Are the players loyal to the club or to the coach? Will any of the current players or the future manager and even future players be at home at Stamford Bridge? Any new coach coming in will bring fresh replacements. And where will the present ones go? All points to ponder about. And all that just because the owner meddled too much into the affairs of the manger and finally threw him out.</p>
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		<title>By: wolvie</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60870</link>
		<dc:creator>wolvie</dc:creator>
		<pubDate>Wed, 26 Sep 2007 09:43:40 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60870</guid>
		<description>Isn&#039;t it interesting that none of the unhappy Chelsea fans are chanting &quot;Abramovich out&quot;?</description>
		<content:encoded><![CDATA[<p>Isn&#8217;t it interesting that none of the unhappy Chelsea fans are chanting &#8220;Abramovich out&#8221;?</p>
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		<title>By: Brian W</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60843</link>
		<dc:creator>Brian W</dc:creator>
		<pubDate>Wed, 26 Sep 2007 02:19:01 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60843</guid>
		<description>There&#039;s nothing wrong with these takeovers. Abramovich has given so much to our club that it is fantastic, and to have it be a leading club in the UK and Europe is quite a feat.

The problem is that Roman and his staff are too concerned with now making it a brand. You hear Kenyon&#039;s comments: a brand globally known by 2014. The best way to do this, in his opinion, is to win the Champions League twice. Roman is way too concerned with European glory, and it is now costing the Blues with the sacking of Mourinho. Notice how the Special One was gone a day after a home draw in the Champions League against a side that should have been beat.

That global Chelsea brand of business may be in existence by 2014, but the most important factor is success on the pitch, and my club has taken severe steps backwards the last couple of weeks in reaching that aim.</description>
		<content:encoded><![CDATA[<p>There&#8217;s nothing wrong with these takeovers. Abramovich has given so much to our club that it is fantastic, and to have it be a leading club in the UK and Europe is quite a feat.</p>
<p>The problem is that Roman and his staff are too concerned with now making it a brand. You hear Kenyon&#8217;s comments: a brand globally known by 2014. The best way to do this, in his opinion, is to win the Champions League twice. Roman is way too concerned with European glory, and it is now costing the Blues with the sacking of Mourinho. Notice how the Special One was gone a day after a home draw in the Champions League against a side that should have been beat.</p>
<p>That global Chelsea brand of business may be in existence by 2014, but the most important factor is success on the pitch, and my club has taken severe steps backwards the last couple of weeks in reaching that aim.</p>
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		<title>By: iqnadirshah</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60821</link>
		<dc:creator>iqnadirshah</dc:creator>
		<pubDate>Tue, 25 Sep 2007 17:02:19 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60821</guid>
		<description>Roman may be a good example of how a rich person can destroy a well run(or at least decently run) football club. Another good example is the Glazers. Buy a profitable club, slowly use it to cover up your massive debts. Hope people realise whats happening. Even another good example is mr. Thakshin. So much for foreign investment I guess.........</description>
		<content:encoded><![CDATA[<p>Roman may be a good example of how a rich person can destroy a well run(or at least decently run) football club. Another good example is the Glazers. Buy a profitable club, slowly use it to cover up your massive debts. Hope people realise whats happening. Even another good example is mr. Thakshin. So much for foreign investment I guess&#8230;&#8230;&#8230;</p>
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		<title>By: Premier League Manager Sack Race: Tottenham, Bolton, Fulham, Chelsea or someone else? &#124; Soccerlens - Football News Blog</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60817</link>
		<dc:creator>Premier League Manager Sack Race: Tottenham, Bolton, Fulham, Chelsea or someone else? &#124; Soccerlens - Football News Blog</dc:creator>
		<pubDate>Tue, 25 Sep 2007 16:26:13 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60817</guid>
		<description>[...] If you&#039;re new here, you may want to subscribe to my RSS feed. Thanks for visiting! Despite the well-documented tension at Stamford Bridge and the countless speculation, no one actually expected Jose Mourinho to be the first managerial casualty in the Premier League. It just goes on to prove the unpredictable nature of football, although it&#8217;s probably just a symptom of rich owners getting itchy. [...]</description>
		<content:encoded><![CDATA[<p>[...] If you&#8217;re new here, you may want to subscribe to my RSS feed. Thanks for visiting! Despite the well-documented tension at Stamford Bridge and the countless speculation, no one actually expected Jose Mourinho to be the first managerial casualty in the Premier League. It just goes on to prove the unpredictable nature of football, although it&#8217;s probably just a symptom of rich owners getting itchy. [...]</p>
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		<title>By: Ahmed Bilal</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60803</link>
		<dc:creator>Ahmed Bilal</dc:creator>
		<pubDate>Tue, 25 Sep 2007 14:34:38 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60803</guid>
		<description>Spiral - no, we didnt</description>
		<content:encoded><![CDATA[<p>Spiral &#8211; no, we didnt</p>
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		<title>By: Ballin' Billy</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60802</link>
		<dc:creator>Ballin' Billy</dc:creator>
		<pubDate>Tue, 25 Sep 2007 14:28:20 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60802</guid>
		<description>Let&#039;s be fair, Ken Bates obviously has no idea what a ruined club looks like.</description>
		<content:encoded><![CDATA[<p>Let&#8217;s be fair, Ken Bates obviously has no idea what a ruined club looks like.</p>
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		<title>By: Andrei</title>
		<link>http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60800</link>
		<dc:creator>Andrei</dc:creator>
		<pubDate>Tue, 25 Sep 2007 14:16:56 +0000</pubDate>
		<guid isPermaLink="false">http://soccerlens.com/abramovich-and-the-myth-of-takeovers/3213/#comment-60800</guid>
		<description>Ahmed, I would not say the Abramovich is NOT a fan of Chelsea. He did waste a ton of money on them, but I think that HE wants to be remebered for what HE did.

After what he has done to Chelsea, it is clear that he has ruined their chances at either the Premier League or the Champions League. After all you know you have done a bad job when Ken Bates accuses you of ruining a club:)</description>
		<content:encoded><![CDATA[<p>Ahmed, I would not say the Abramovich is NOT a fan of Chelsea. He did waste a ton of money on them, but I think that HE wants to be remebered for what HE did.</p>
<p>After what he has done to Chelsea, it is clear that he has ruined their chances at either the Premier League or the Champions League. After all you know you have done a bad job when Ken Bates accuses you of ruining a club:)</p>
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