Chelsea’s defeat at Brighton last night places their European hopes in even greater jeopardy. Fans have been eager to criticise the coach, but there are deeper problems. Next month marks the fourth anniversary of the arrival of an ownership group who need Chelsea to be worth a lot of money if they are to make a success of the most brazen deployment of private equity strategy football has ever seen. Four seasons of new ownership have seen almost £2 billion ($2.7bn) spent on new signings as BlueCo undertake the most aggressive player-trading strategy in football. Financial regulations have been skirted at home and breached abroad. A second club, Strasbourg, have been added to the group. Players and coaches have been ferried between the two clubs at pace. The over £4 billion committed to the project has been added to with borrowings that don’t show on Chelsea’s books, accruing interest at significant rates. The fate of the club’s home ground, an impediment to higher earni...
Baroness Karen Brady has stepped down as the vice-chair of West Ham United. the timing is hardly ideal, coming at such a vital stage in the season. Brady put her announcement back 24 hours to avoid disrupting Monday night’s match against Crystal Palace, although it is hard to imagine any game will feel less than crucial from here given the relegation fight. Media speculation suggests that there may be a new role for her with the Premier League, FA or elsewhere in football, although many fans would not welcome her. Brady, 57, has been in the role for 16 years and is credited with leading the negotiations to secure West Ham’s move from Upton Park to the 62,500-seat London Stadium in 2016. She has also become a major Premier League power broker, and her departure from the club marks the end of a business relationship with the joint-chair, David Sullivan, that dates back almost 40 years. She persuaded Sullivan to buy Birmingham City and it was a groundbreaking mo...