Some deeply worrying talk on our Twitter timeline about land and share profits. Quite apart from the staggeringly inflated notions of what Stamford Bridge is worth (1 billion according to one) we are disturbed at the constant references to what CPO shares are "worth". This sort of thing has to stop because it seriously undermines those who have genuine concerns about Chelsea leaving Stamford Bridge.
CPO shares cannot be traded and are worth only what you paid for them.
It seems remarkable to us that, setting aside the discomfiting idea that people seem intent on financial gain, those same people believe Abramovic and the club should not seek to make the club's growth self financing. The idea that Abramovic may purchase the Battersea site for about five hundred million, build a stadium that will cost several hundred million, make an enormous contribution to the Northern Line extension AND still have enough left over to repay himself the nearly 1 billion he has ploughed into Chelsea thus far is nonsensical.
And just for the sake of argument, if he WERE able to recoup his historical expenditure from the long term development of Battersea, would that be an unreasonable thing? None of this would happen for several years in any case but it seems to us that some fans would like Chelsea FC to remain a financial basket case dependent on the largesse of a capricious billionaire (whose largesse is becoming increasingly curtailed) But as long as they made a few quid....How ironic.
The way people are talking, you would think that Abramovic just wants to sell SB, make back his money and go away, leaving us homeless. That was the suggestion from many at the EGM which was outrageous and silly. Now there is another site on the horizon, the emphasis has changed somewhat but the accusation of malice aforethought remains. What is becoming increasingly obvious, however, is that there are some fans who would happily sign up to almost anywhere or anything should Mr Abramovic make an eye-watering offer for their shares. How sad that this should be the case but they should at least be bloody honest about it.