Tuesday, March 6, 2012

AVB - Chelsea money talks

Chelsea Football Club, unlike any other in the English Premier League, are not an investment. They are a savings entity. Let me gist you about the difference. In life terms, investing basically means growing money. The nature of the vehicles involved, this growth can tilt either side of zero. The pure intention is profit.

By contrast, saving means the keeping of what is there for a long time, possibly life. While growth is not a primary concern, loss of the capital is criminal. With Chelsea, Roman Abrahimovic should be understood as a man who had money he could have hidden under his pillow for the next 60 or so years. Instead of the pillow, he bought Chelsea as the mechanism of keeping the cash.

Over the years, that vehicle seemed sensible and safe, such that he continued pouring in any extra coins he could pick up in the street. If they laid eggs, those would be a welcome bonus. The club represented his personal wealth and retirement for him and family. As with a pillow, there would be morning he thought a coin fell from underneath his head, and he would make it his business, not his maid, to sweep the floor.

To draw a sharp contrast, Arsenal have been a true investment. Menial amounts of paper money were thrown into the system and they would mate and bear children overnight. As long as the fertility was in that direction, peaceful nights passed by, the slot machine ringing, such that the directors can hardly hear the fans crying for honours or trophies. There is absolutely no need to change any winning formular, hence, Arsene Wenger will be the equilibrium constant of the equation.

Having drawn the line and cleared the air over the extremes, let us look at the history of Chelsea under the Russian billionaire. Abrahimovic has always spent on players' purchases and wages without a wink. The Blues coaches' salaries have always been cool. The vision of the returns on the savings account would tickle even a small baby, but without peeping on the Chelsea owner's savings passbook or audit reports of the club, thinking he ever made bucks from football would be a long short.

Winning the English championship back to back under Jose Mourinho and the FA Cup as well as the UEFA Champion's League among others served only to stroke his personal ego. I would not bet on that having made him a better man even among his peers. It could have attracted useful change to reward his players more and even cushion the savings, probably by just replacing the pillowcase.

The current problems, as preceded by similar ones, befell Andre Villas-Boas when this pillowcase was dirty and could not be replaced. Depleting the savings to cushion the saving is like selling your only pillow to buy a pillowcase. Even the thought of that potential would draw the ire of a mentally disturbed man.

The issue of pride and status would have mattered at the Stanford Bridge, but to maintain a healthy wage bill, Chelsea needed to be going as further ahead of the pack, any pack, all packs, as possible. This attracted TV and fans. The commercial aspects made sure the huge wages budget does not haemorrhage the piggy bank.

AVB was assigned to guard the situation. Many think the man was able. Few understand how this was going to be impossible. At Manchester United and Arsenal, Arsene Wenger and Sir Alex Ferguson  have been in the business for a long time. The economic waters favoured them in trying times of high and low tides. Their roots became deep in a way that made the institutions almost their personal properties.

The wage bills and recruitment of personnel in tightly under their control, exactly the opposite at Chelsea and for the reasons already given. The two veterans have a say on the wage bill. They choose their pick and call their tune. They pay the piper and face the music.

Chelsea bosses receive players whom they may not use. The material being availed to them comes at a price. With that tag, the feeling of invincible superiority. The well paid-gladiators, in due time, will know they make more money than the boss. The financial advantage over the manager addictively rubs off everyone and all control is lost.

Rivals like Man U and Arsenal will never have the players earning above the managers, unless other arrangements outside the club structures are made. This genuine concern shifts from the playing field. Everyone starts looking over their shoulder. Instead of the players knowing and adhering to the manager's strategy and not questioning his abilities and credentials, the attention is elsewhere.

Playing on your mind now might be how investments are of less interest than savings, or, why the clubs are not sacking coaches left right and centre. The gamblers lose all and still hope they will win it back tomorrow. They throw all the coins into the slot machine. They win some and lose some. It is a common principle.

Time to build success and stabilise the situation is limited. The constraints of trying to cement one's philosophy and implant discipline are not helped by lack of interest of the owner in club politics. This is not helped by the fact that when Abrahimovic goes to bed, he lifts the pillow and sees the state of his savings. There is no only who could perhaps survive the double-edged sword at the Bridge.

The Special One stubbornly built a side of mature warriors ready for battle. The same battle weary war horses have been recycles beyond repair. In trying to mould a new breed around the likes of Daniel Sturridge, things were bound to be worse as those benched due to the presence of youngsters threatened the up and coming boys. 

It will take a character of Jose Mourinho to build another team that excludes Frank Lampard, John Terry, Didier Drogba, Petr Czech, Flaurent Mouluda and other veterans. That clean sweep has to happens lightning fast and by the one who does not need to create a football profile. They should be able to tell Abrohimovic his story right in their face. 

If anyone thinks Mourinho is the man, they are deluded. It will not be surprising to see the two-man hug, but that will be the beginning of the end of Mourinho. Chelsea need to build from bottom up, with new faces, from manager to players

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