Arsene Wenger claims Chelsea’s new owners WON’T be able to match Roman Abramovich’s spending power… though the ex-Arsenal boss is confident the Blues will remain competitive after the Russian’s exit
- Roman Abramovich is to sell Chelsea after Russia’s invasion of Ukraine
- A deadline has been set of March 15 for prospective owners to put in an offer
- Arsene Wenger claims new owners can’t match Abramovich’s spending power
- He does have respect though for what the Russian has accomplished at the club
Arsene Wenger is confident Chelsea will remain competitive even if their new owners can’t match the spending power of Roman Abramovich.
The Russian announced his intentions to sell the club after his country’s invasion of Ukraine, and he has set a £3bn asking price for the Blues.
Chelsea have enjoyed much success since Abramovich took over the club in 2003, winning their first title in 2005 to dethrone Wenger’s invincibles – with Arsenal yet to win a league since till this day.
Roman Abramovich is to sell Chelsea following his homeland Russia’s invasion of Ukraine
Asked by beIN Sports whether Chelsea’s new owners will be able to match Abramovich’s spending power, he replied: ‘You cannot. Today you cannot put that money in, privately, that is impossible. It is limited to, I think, £200m over three years. At that time you could put a billion in.
‘I always advised people who wanted to buy football clubs, instead of putting £100m in every year, put £500m in in the first year and buy the right players, then you have a team. He could do that and he did very well and today I think the club is managed very well and is at a top level.’
He went on to add: ‘It is still sustainable as a football club today because they are at a good level. But after that when you come in it is down to money and good decisions.
Arsene Wenger believes it will be impossible for a new owner to match Abramovich’s spending power
‘Sometimes people have 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 a deadline of March 15 for prospective new owners to put in an offer for the club.
Wenger has insisted that it’s tougher for new owners to come in now, than what when Abramovich bought Chelsea.
He said: ‘I would say he was the first big investor [before] the Glazers to come in, at a golden period for a guy that was a billionaire. There was no Financial Fair Play, you could put as much money in as you wanted,.
‘Today, with the FFP, I would not necessarily advise somebody to come in to fight against Manchester City, Chelsea, Liverpool, who are lightyears ahead of them, to build a good team – because you cannot invest the money you want to invest.
Wenger said it was easier for owners to come in at Abramovich’s time due to Financial Fair Play
Abramovich’s arrival in England made it tougher for Arsenal to win the title – something they haven’t done since the 2004 invincibles season
‘So it is much more difficult today. But he came in at the golden period and I give him credit.
‘He understood quickly what to do, put competent people in charge who managed the club very well and put him to a level that is absolutely outstanding. I have a lot of respect for what he did.’
Wenger also gave his opinion that the price of a club should be ‘2 to 2.5 times’ their turnover.
On Abramovich’s value of Chelsea, he said: ‘It looks like 4-5 times is requested. Why is that? Because certainly Abramovich said that he has a lot of money in there that needs to be paid back to him.
‘Some people say it’s over a billion that he has personally put into the accounts there and loaned to the club, so that will certainly be added to the price. And secondly the Premier League is where everybody wants to be today who has money, so it will be an interesting story.’