Chelsea co-owner Jose E. Feliciano has defended the club’s transfer strategy after a slow start to the 2023/24 season under Mauricio Pochettino.
Pochettino expects wins to follow and match their performances, with the data suggesting Chelsea should have many more points on the board than they currently do.
“Disappointed with the result because we wanted to win but of course, we know the circumstances,” was Pochettino’s assessment of the goalless draw against Bournemouth last weekend, a game Chelsea had several chances in to seal all three points. “Again we deserve more but we didn’t get what we deserve.
It comes after a huge squad overhaul during the summer transfer window, which has seen the Todd Boehly-Clearlake Capital ownership spend in excess of £1 billion since they arrived in May 2022.
Big signings in excess of £100 million of Enzo Fernandez and Moises Caicedo have been followed by a number of high-profile additions, along with many young talents with Chelsea keeping a view on the future.
Chelsea haven’t been helped by injuries. 12 players missed Bournemouth, including Caicedo, due to various reasons, causing Pochettino selection headaches.
As per several reports, Chelsea have agreed a deal with Ares Management, a US-based investment firm Ares Management, to provide a £400 million cash injection to help with large projects.
Feliciano was asked about Chelsea’s current situation and delivered a strong verdict with the club in the spotlight for their not-so-great results on the pitch.
“We’re taking a little bit of pain upfront,” Feliciano said at the IPEM private equity conference in Paris, as quoted by Ben Jacobs. “We‘ve bought an asset that’s very coveted by other potential buyers. Ultimately, we’re extremely aligned with the fans because the best way to make our club more valuable is to win.
“You could definitely rationalise that there’s a lot more focus on a sports team than an obscure packaging company, but sometimes you have a conversation with somebody that immediately gets leaked to the press, and that was something that was very new to us.
“We own probably about a dozen businesses at Clearlake that are larger than Chelsea, and many of those are actually undergoing even more significant transformations. They tend to be enterprise software businesses, packaging companies… but you don’t ask me about those because you don’t care about those, and they don’t get reported by the Telegraph and Daily Mail every day.”
On Chelsea’s spending, Feliciano added:. “We sold half a billion dollars of players and reduced the salaries, and essentially the (operating costs) of the business, by over $100 million a year.”
Man United vs Chelsea: Preview, team news, how to watch, kick-off time & prediction
Player Ratings: Chelsea 3-2 Brighton & Hove Albion | Premier League
5 Things Learned: Chelsea 3-2 Brighton & Hove Albion | Premier League
When and who are the Chelsea players still playing at 2022 World Cup and how to watch action in Qatar?
When and who do Chelsea play on their return to Premier League action?
Aston Villa vs Chelsea LIVE: John McGinn clinches Challenge Cup victory in Abu Dhabi as Broja suffers knee injury
Watch: Relive Chelsea’s thrilling 4-4 draw against Man City as Cole Palmer silences former club
“That’s how I find out” – Chelsea star explains moment he learned of special Mauricio Pochettino decision
Watch: Mauricio Pochettino handed huge injury return as Chelsea prepare for Aston Villa clash
News4 days ago
Mauricio Pochettino handed fresh injury blow as Malo Gusto & Reece James both ruled out of Brighton clash
Match Coverage3 days ago
Predicted Chelsea XI to face Brighton: James replacement named as Pochettino makes Nkunku decision
News2 days ago
FA Cup third round draw: Chelsea ball number, confirmed teams, how to watch, fixture dates
News4 days ago
Pochettino reveals Lavia & Nkunku’s chances of facing Brighton as Gusto ruled out