The Times is reporting that SirJim Ratcliffe remains interested in buying Chelsea. However, he's not interested in meeting Roman's whopping £2.5 billion asking price. That's already discounted from the original £3 Billion that has been snubbed in China and the States.
He's said to be interested at something like £2 billion. If you factor in the debt to the Russian......sorry, Israeli owner, of around £1.4 billion, that values what's left at around £600m. That's a pretty good indicator of the real value of a club that doesn't own its pitch, has a current ground that's long since had its day and is next to impossible to develop profitably. The club has tried and failed to find a site to redevelop elsewhere, whilst cheating in developing a way around FFP, that will be unlawful under FFP 2.0. Chelsea have been very successful in the last 15 years but it's been based upon money that they're not going to be getting in the years ahead, no matter the wealth of their owner.
Joe Lewis gets some clog but he's addressed the issue of the stadium that Liverpool, Chelsea and even United haven't been willing to grasp. Looking at big clubs across Europe - Bayern, Juve and Atletico have built new stadiums. Barcelona and RM are going ahead with massive redevelopment, PSG want to upgrade. Big clubs are moving forward, I'm glad that we're doing the same. Sure, it's jam tomorrow but I like bosses that take difficult choices and meet challenges head-on. It's the way to progress.