Arsene Wenger claims new Chelsea owners WILL NOT be able to match Roman Abramovich’s buying power
Arsene Wenger claims Chelsea’s new owners WILL NOT be able to match Roman Abramovich’s buying power… although the former Arsenal boss is confident the Blues will remain competitive after the Russian’s exit
- Roman Abramovich to sell Chelsea after Russia invades Ukraine
- A deadline has been set for March 15 for potential owners to submit an offer
- Arsene Wenger says new owners can’t match Abramovich’s buying power
- He does, however, have respect for what the Russian has achieved at the club
Arsene Wenger is confident Chelsea will remain competitive even if their new owners cannot match Roman Abramovich’s buying power.
The Russian announced his intention to sell the club after his country invaded Ukraine, and he has set an asking price of £3billion for the Blues.
Chelsea have enjoyed great success since Abramovich took over the club in 2003, winning their first title in 2005 to dethrone Wenger’s invincibles – Arsenal having yet to win a league title since that day.
Roman Abramovich to sell Chelsea following Russia’s invasion of Ukraine
Asked by beIN Sports if Chelsea’s new owners will be able to match Abramovich’s buying power, he said: “You can’t. Today you can’t put that money private. , that’s impossible. It’s limited, I think, to £200m over three years. At that point, you could put in a billion.
“I’ve always advised people who wanted to buy football clubs, instead of investing £100m every year, invest £500m in the first year and buy the right players and then you have a team.” He could do it and he did very well and today I think the club is run very well and is at the highest level.
He added: “It’s still viable as a football club today because they are at a good level.” But after that, when you come in, it’s all about the money and the right decisions.
Arsene Wenger thinks it will be impossible for a new owner to match Abramovich’s buying power
“Sometimes people make good decisions but no money, sometimes they have money but they make bad decisions. So you have to put the two together.
Chelsea have set March 15 as the deadline for potential new owners to submit a bid for the club.
Wenger insisted it is harder for new owners to come in now than when Abramovich bought Chelsea.
He said: “I would say he was the first major investor [before] the Glazers to come, golden times for a guy who was a billionaire. There was no financial fair play, you could put in as much money as you wanted.
“Today, with the FFP, I would not necessarily advise someone to come and fight against Manchester City, Chelsea, Liverpool, who are light years ahead of them, to build a good team – because ‘you can’t invest the money you want to invest.
Wenger said it was easier for owners to come in during Abramovich’s time because of financial fair play
Abramovich’s arrival in England made it harder for Arsenal to win the title – something they haven’t done since the 2004 Invincibles season
So it’s much more difficult today. But he has come of age and I give him credit for that.
“He quickly understood what needed to be done, put in place competent people who managed the club very well and brought it to an absolutely exceptional level. I have a lot of respect for what he has done .
Wenger also estimated that a club’s price should be “2 to 2.5 times” its turnover.
On Abramovich’s value from Chelsea, he said: “It looks like 4-5 times are being asked. Why so? Because Abramovich certainly said he had a lot of money in there that needed to be paid back to him. .
“Some people are saying it’s over a billion that he personally put in the accounts there and loaned to the club, so that will definitely be added to the price.” And two, the Premier League is where everyone wants to be today who has money, so it will be an interesting story.