CHELSEA ANORAK

New cover - snippet documentary - trailer - youtu.be/ZHgXgMCgZdw - full length - youtu.be/EOnYxIOStP0

@Dannythefink @MalBeaufort As you have nothing worthwhile to say about the dismantling of Chelsea FC is not time to the honourable thing and resign your post making way for someone who has a real connection to the majority of the fans.

@MalBeaufort That is such a ludicrous distortion. When you wish an adult discourse please feel free to get in touch.

Spending three years getting people fired for saying Free Palestine has consequences I'm afraid @Dannythefink, the average Brit's patience is at an end! Happy to help miLord! thetimes.com/comment/column…

#bluecoOut Recommend everyone follows @bobbyfairview

BLUECO...WE'RE JUST ASKING A QUESTION? youtu.be/5DUMqT_PzSU?is… via @YouTube

youtube.com/live/uKilHg_6e… Crazy sums involved - Respect - Bobby F. CHELSEA FAN TV

🏆❌ Chelsea FC have now lost six straight Premier League games, remain 9th, and sit 10 points off 5th — effectively out of the Champions League race

The stock price of Tout FC’s affiliate since @mineralsfc and @youneshhamou_ exposed them👇🏽 #BluecoOUT

🚨World Champions with empty seats a plenty, after 70 mins. 😆🤣😆🤣

🚨 PROTEST ACTION ANNOUNCED 🚨 Following our recent protest alongside Strasbourg fans and the impact of the Blueco Out digivan, we are now confirming further action at TWO key games before the end of the season. 🏆 FA Cup Final vs Manchester City 📍 Wembley Way 📅 Saturday 16 May ⏰ 13:30 Join us for a protest march from Wembley Park Underground station to the stadium before kick off. A large banner will lead the march, focusing not just on Blueco, but also the sporting directors. 🏟 Chelsea vs Tottenham (Home) 📅 Tuesday 19 May ⏱ 22nd minute We are taking action inside the stadium. Stand up when the clock strikes 22 minutes (if able), turn your backs on the pitch for one minute and join the chant: 🗣 “We want our Chelsea back” ❗ This goes beyond any manager ❗ We have no faith in the current ownership or sporting leadership. ❗ We are not interested in words. Only actions These protests will continue beyond this season until change is forced. We will also be launching a crowdfunding page to support future action. Together, we can get our club back. Up the Chels #BluecoOut

Hang on... Tottenham's manager, with a member of our recruitment staff... At a match Tottenham aren't even playing in? Probably giving him our Starting XI for May 19th. Disgrace.

55th minute at Home at Stamford Bridge. Empty seats everywhere, season is now 100% over in the League, every Chelsea fan needs to boycott remaining games, don't give your money to BlueCo.

Egbali getting some grief after 3rd goal

ARES MANAGEMENT are CHELSEA FC only hope, BLUECO have destroyed this club on every level and cant even change the model if they wanted there is NO MONEY left, foreclose on their loan and take control of the club now !

Good question maybe he could hold a press conference to inform all Chelsea supporters directly

Context is important @ChelseaFC #PrideOfLondon

Frank Leboeuf via Sport Mole: 🗣️ “Sorry, but the people on the board have destroyed this club.” “You can’t build anything without experienced players. This is what you face when trying to build an academy team.” “Most of the players do not deserve to play for Chelsea.”

More great work from you guys! Blueco need to be investigated by the FA and the Premier League. How did they ever pass the fit and proper test! @manknowfootball @bobbyfairview @mineralsfc @youneshhamou_ youtu.be/e4iaFbx3mAQ?si…

@The_Blue_Lounge 🫡 The best disinfectant is some daylight.

Dear @ebehdad RE: The Conflict of Perverse Incentives I want to be fair to you. You had less than a month to structure a complex billion pound transaction, so some mistakes were always going to happen. But the mistake I’m describing isn’t an execution error. It’s a conceptual flaw baked into the deal from day one, and it has permanently poisoned your strategic position. You built a structure with three stakeholder groups, and you only have a fiduciary duty to one of them. That was always going to end badly. Let me explain why. A man came to you and said he had £300m and wanted to buy a business for £4.2bn. Two of his mates would chip in £300m each. You lent him the rest. To their credit, they’ve been matching cash calls ever since. But here is what you actually agreed to: you needed Boehly’s money, which meant Boehly got something in return. What he got was influence over the sporting operation. And the first thing he did with it was sack Thomas Tuchel so he could have his dressing room access. That decision, made to protect your financial relationship with a co-investor who couldn’t actually afford the asset, is what set everything else in motion. Roman left you a blueprint. He won trophies, built a global brand, and maintained a fair value that always exceeded his cost basis. Central to that was Cobham. Fans across England sing “he’s one of our own” for a reason. That bond between a club and its homegrown players is not sentiment. It is enterprise value. You dismantled it. You sold the graduates and killed the pipeline, not because it made sporting sense, but because your financial model required short term asset monetisation over long term brand construction. You have now spent more on transfers than any ownership group in the history of football. Chelsea are currently 9th. Below Brentford. Below Brighton. That is the sporting output of your model, and those fans who sang “he’s one of our own” have noticed. Here is where your conceptual flaw becomes permanent. Boehly has £100m of interest accrued and payable to Ares. You have at least £600m sitting in the Cayman Islands, accruing and payable to COP III. Across the group the interest bill is approaching £400m this year. That means you have no choice but to run this club for one purpose: to make debt service payments. Managing a football club to pay interest has never worked in the history of this game unless you’re Manchester United. Your problem is that you don’t have their revenues. So you are flipping players to fund cash flow. There will be no properly experienced signings. No manager with real authority. No trophies. You’re caught in a sell-to-buy death spiral and fans have worked out exactly what is happening. If you’ve made it this far in my letter, this is the part I’d encourage you to sit up and focus on. You need the fans more than they need you. Every day more of them are learning what this structure actually means for the club they love, and they are making a rational decision: do not buy the brand of an owner who is just here to pay interest. Your perverse incentive is to balance the books, manage the asset, and extract the best possible valuation before the debt matures. Their perverse incentive is to make sure you never get there, because the only exit that actually serves their interests is Ares foreclosing and forcing a sale to someone who can run this club properly. Think about what that means. The fans who generate the revenue you need to service your debt are now rationally incentivised to undermine that revenue. You created a structure where your key stakeholder group is rooting for your creditor to take the club from you. That is not a communication problem or a PR problem. It is a structural conflict with no resolution inside your current ownership model. I’m not sure what the long term prognosis is for a business in that position. But I think you already know. Yours truly, bf