Once Roman Abramovich bought the Chelsea Football Club back in 2002 they have become big spenders in the English Premier League. Many other teams cannot keep up with the spending power of this football club.
From the years 2004-2009 they have spend over 325 million on players. Of that 245 million has been made back on the sales of players. In 2009 the team made 68 million on this alone. This is just from the trading of the players to the other teams.
The wages of the players is very expensive. The team spent 142 million on this just last season. This is why ticket prices and merchandise has become more expensive. They were able to make some of this money back. The team won 15 million in prize money alone to help with the costs of player salaries.
This team is financially strong and plans to break even over the next couple of years. Since taking over the team there have been dividends to pay for. Chelsea has won eight major championships, the Premier League three times, and the FA Cup three times. They also won the League Cup twice. They are the most successful team England has seen in the past seven years. Their playing ability draws the fans out to come and see the games as well as the talent that plays on the team.
There are concerns about Chelsea and the position of other football clubs. Some state that their financial spending gives them an unfair advantage. Other teams that are not backed by businessmen and those with financial means cannot complete. They cannot afford the salaries of the top players.
Another issue is the lack of talented players that are native to England. Chelsea has many foreign players in the league. This has caused the governing bodies to step into action. They put a cap of 25 players and a quota on the number of native players a team can have. Out of the 25 total players the club must have at least 8 that are from England.
This type of player is described as one that is registered with the club for at least three seasons while they were under the age of 21.
Chelsea has moved their training facility to Cobham, Surrey. This facility opened in 2004 and by 2007 was considered to be a state of the art facility. They have rehabilitation and medical centers, media technology, and is home of their youth academy.
This area is home to the under 9s through under 18s for youth. The academy is run by Frank Arnsen who has a knack for developing young and talented players. Some of these players are ready to be put in the team. They are looking to put these young players in the game rather then get older and more experienced players from other teams. This will help the team stay financially stable since they will be able to pay these younger players less money.
Developing young players has become an important goal for Chelsea. They will be able to stay in compliance with the rules of the league and have new talent ready for them. This will benefit football in the long run.
Chelsea is dealing with the huge salary demands of their current players. They have proven they are financially stable but have spent money on player transfers. Much of their revenue has gone to paying the players. The development of youth players will decrease the cost of trading players. They may be able to make some money if they successful trade one of these younger players to another team.
Before starting the season Chelsea is has let go of some high profile and expensive players. These players are some of the top earners in the football club. It will be interesting to watch how they change the wages of players over the next couple of years and see if playing youthful players will work out for the team. Chelsea is said to be ahead of the game and will continue to be a major force in football. They will not only be known in Europe for football but all over the world for their performance in this sport.