jose - soccer

Chelsea manager Guus Hiddink was delighted with his team's 1-0 victory over Manchester City at Stamford Bridge today, and believes it offers ample proof that the Premier League title race is far from over, especially after Liverpool's Old Trafford mauling of Manchester United on Saturday. The gap between United and Liverpool and Chelsea is now only four points, though the Red Devils do have a game in hand on their immediate rivals. "If it was just four points, it would be very close,” Hiddink told The Times. "They have that game in hand, but it’s clear that after [Saturday’s] unexpected result that the tension has come back in the league, which is good. It’s a boost. "But if we want to track them, we have to keep on winning. That’ll give tension to the end of the league season, which is good for everyone, unless you are [the one being] chased. “It gives a blow [to United]. It depends on their calmness. When you are chased, when you are in the driver’s seat and someone else is coming, and tries to occupy your back seat, then you can get a little bit nervous. The door is a little bit open."

Hiddink also showed his canny side, when he refused to be drawn in to any of the 'wars of words' and so-called 'mind games', so beloved by Alex Ferguson and, to a much lesser degree, Rafa Benitez. He concluded, "I have my head in Chelsea so I don’t want to talk too much about what happened and what went wrong with Manchester United. "That’s a question for Sir Alex. It’s not a battle between the managers, it’s a battle between the players. "They might change their minds about me when I put them on the bench or not even in the squad," Hiddink said. "But there is a good atmosphere of work here and we are very demanding of each other. If they are happy with the way we are working and it's going well with results it's all okay. "I have been very happy not just with the regular starters but with all the other players, who I've been watching and observing. Everyone is committed. "But I made it very clear a few weeks ago - and again recently - what the future will be after 30 May. I don't have to do that again."

Hiddink's side take on Manchester City in the league on Sunday, a match dubbed as the 'Clash of the Cash' due to Roman Abramovich's ownership of Chelsea and the wealthy Abu Dhabi United Group's acquisition of City last September, but while the former's riches have helped establish Chelsea as a dominant force in Europe, Hiddink believes it requires more than money for City to take on the elite four of Arsenal, Chelsea, Liverpool and United. "It can happen, nothing is impossible in this country, especially when you have power. But there are also the clubs with history, who have played as champions and fought for championships," Hiddink said. "They have the advantage of their history and the experience of being on top of everyone, if not every year then for a lot of them. This experience is very valuable for the big clubs. It's not easy to come between those teams if they are well managed. "If they continue as they have for the last few years it will be difficult to come in, but it's always good to have more competition for the title." "It's not always a matter of money to make a team. You have to be very careful about positions and the balance of your squad. It is not simply because of money that you have success as a team."

(source: goal, guardian.co.uk)

Manchester United’s dominance of English football, on and off the pitch, is underlined today with the release of a financial survey that shows a £45m leap in United’s year-on-year income. Thanks in large part to last season’s Premier League and Champions League double, United’s turnover grew by 21 per cent in the 2007-08 season to £257.1m. This makes United by far the highest-earning club in Britain, ahead of Chelsea (in second place, with income of £212.9m in the same period), Arsenal (£209.3m) and Liverpool (£167m).

The figures are revealed in the latest Football Money League report by Deloitte, in a survey that shows Real Madrid remain the world’s richest club in terms of revenue, ahead of United in second, then Barcelona, Bayern Munich and Chelsea. Only a drastic slump in the value of sterling has prevented United from reclaiming the title of “world’s richest club” from Real. Real Madrid’s income for 2007-08 rose a relatively modest four per cent to 365.8m euros, or £289.6m when converted at the June 2008 exchange rate of £1 = 1.2632 euros. United’s income at the same rate equated to 324.8m euros. But sterling has crashed significantly, and if Deloitte had used the same exchange rate as in their previous report (£1 = 1.4856 euros, from June 2007), United’s latest income would have been 381.9m euros against Real’s 365.8m euros.

One of the most intriguing aspects of today’s report is that Deloitte, rather than the clubs themselves, has become the vehicle of choice for headline income figures to be released. United will provide more details of their results in due course, including data on large profits, but Chelsea are expected to remain conspicuously quiet this week about their own results. A press conference and briefing, scheduled for Friday, has been indefinitely shelved, and it is understood that this is partly because of the sacking of Luiz Felipe Scolari. His pay-off, of around £7.5m, would not have been in the 2007-08 accounts but would have prompted embarrassing questions about Chelsea’s huge and ongoing losses.

An annual loss of £74.8m in 2006-07 on turnover of £190.5m meant the club had posted cumulative losses of £384m in four years. Haemorrhaging of money at such levels has always heaped ridicule on the long-standing claims of Chelsea’s chief executive, Peter Kenyon, that the club can break even by 2010. Yet further losses in the tens of millions are expected in the 2007-08 figures. And combined with the latest change in manager and wobble in form (and the financial ramifications of both) any suggestions of financial self-sufficiency soon are hollow jokes, as, increasingly, are Kenyon and Roman Abramovich themselves.

As the Deloitte report points out, Chelsea’s annual income growth of 12 per cent (£22.4m) in 2007-08 was driven mainly by increased TV cash, “but the club needs new successes with its match day and commercial revenues to deliver future growth and keep pace with its biggest European rivals.”

1 (1) Real Madrid £289.6m
Real Madrid's 4 per cent revenue growth is more modest than recent years, but the club have doubled their revenues since 2002

2 (2) Manchester United £257.1m
Manchester United's success in winning the Premier League and Champions League has contributed to significantly-increased revenue in 2007/08, but the depreciation of the pound against the euro means they remain in second position.

3 (3) FC Barcelona £244.4m
Barcelona's revenue increased by only 6 per cent.

4 (7) Bayern Munich £233.8m

5 (4) Chelsea £212.9m
Chelsea enjoyed a rise of 11.5 per cent.

6 (5) Arsenal £209.3m
Arsenal enjoyed a rise 18 per cent

7 (8) Liverpool £167.0m
Liverpool have gone up a place to seventh with a 25 per cent rise in turnover.

8 (6) AC Milan £165.8m

9 (11) AS Roma £138.9m

10 (9) Internazionale £136.9m

(source: independent.co.uk)

Chelsea aren't keen on handing boss Luiz Felipe scolari any cash to spend in the impending January transfer window. Like everyone else, the capital club has been affected by the frightening state of the global financial climate. Naturally, though, the sting of such worries takes has more ridiculous complexion at Stamford Bridge than anywhere else.

Reports suggest that billionaire Russian owner Roman Abramovich will have to choose to sell either the club or his £200 million mega yacht, Pelorus. In fact, he has allegedly sounded out buyers for the club already, hinting that the boat may be too dear to his heart.

According to Russian press agency Prime-Tass - who source an expert in football finance and, for some reason, someone of standing in German football - Abramovich's fortune has dwindled from €16.7 billion (£13.2bn) to €2.3bn (£2.25bn).

The giant yacht apparently has a couple of helipads and an anti-missile system to fend off pirates - a job given to skipper John Terry at the Bridge. Further reports in Russia hint at the practical affect which the crisis is having on Chelsea. For instance, apparently the players are paying for their own lunches.

Assets depreciation and another effects of the world financial crisis might have reduced Roman Abramovich's personal fortune from €16,700 million to €2,300 million, according to Russian news agency Prime-Tass.

This is the current scenario for the Russian tycoon, who must made a decision: either he puts Chelsea for sale (he invested more than €210 million since July 2003, including the team's debts) or he sells his yacht, which is said to cost some €200 million.

The press published statements from an expert in financial transactions in soccer and former manager of two teams from Germany; according to him, "rumors about selling Chelsea started spreading in November" and Abramovich "is looking for a broker to lead the transaction."

The club is yet to comment on the rife speculation.

(source: goal, sportsya.com)