The Sports Bookie Blog

ABRAMOVICH says CHELSEA will reduce spending

December 27th, 2006

Does UEFA’s proposed plan to limited European Club spending to a percentage of football related income actually have enough teeth to be scaring the Russian Money man ?

Roman Abramovich claims Chelsea’s spending in the transfer market will soon be reduced as he expects investment in the club’s academy to start bearing fruit.

Since the Russian’s £140million takeover of the Stamford Bridge club in 2003 the Blues have won two Premiership titles thanks largely to their new-found financial muscle.

But Abramovich believes the expected results of significant investment in the club’s youth system will reduce the need to speculate so lavishly in the transfer market.

He told The Observer: “Our strategy is to bring up our own players through the academy, which we have invested a lot in, and we hope that will give results. “We will be spending less in the transfer market in future years.”

So why has he jumped into this stance – after spending GBP 350 million over the last 2 seasons ? Could it be that the new plans would work – and limit Chelsea too much ?

Interesting …

Entry Filed under: English Football,European Football,Sports News & Results