Dida Steez

Part-time Greek & Apple Raisin Salad connoisseur 🥗 Full-time #ChelseaFC fanatic💙 Recovering #Perfectionist 😩

[jumjum🦄 @omotodun_]

When I go to get a haircut, but the main barber is busy and the apprentice keeps trying to make eye contact with me

[Malvin @ManOfFocus_]

A man who doesn't give a fuck anymore was once a man who cared too much.

[𝓛𝓪𝓾𝓻𝓪 ˚.🎀༘⋆ @Laura_arma_ni]

Me trying to decide if I should fake a sick day today or save it for another day

[Mwami @Johnlaban256]

KVARATSKHELIA Vs Ben White

[Bobby F. 🍁 @bobbyfairview]

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

[Dida Steez @DidaSteez]

@ChiamakaAFC Noni?

[MRR ADDY  @vibewithmraddy]

it’s a new week, we go again🚀💪🏾

[(fan) Trey @UTDTrey]

Bayern returning Jackson back to Chelsea

[433 @433]

“𝑷𝑬𝑷, 𝒀𝑶𝑼’𝑽𝑬 𝑹𝑼𝑰𝑵𝑬𝑫 𝑴𝒀 𝑳𝑰𝑭𝑬!” 😤

Arsenal fans went over to Wembley to beg Pep Guardiola to let the Gunners win the league 😂

[EPL Bible @EPLBible]

Ffs 😭

[Dr Penking™ @drpenking]

This should be in the forest with wolves not at home with humans

[Dida Steez @DidaSteez]

@fplcopilot 375281

[Dida Steez @DidaSteez]

@fplcopilot 375281

[Troll Football @TrollFootball]

This is how the LEGO ad should’ve been

[Swed Junior @Kingvannytz_]

🎬 50 Greatest TV Shows of All Time ⭐️🍿🔥

1. 🇺🇸 Breaking Bad ⭐️ 9.42
2. 🇺🇸 The Sopranos ⭐️ 9.35
3. 🇺🇸 Game of Thrones ⭐️ 9.09
4. 🇺🇸 Band of Brothers ⭐️ 9.08
5. 🇺🇸 The Wire ⭐️ 9.06
6. 🇺🇸 Better Call Saul ⭐️ 8.96
7. 🇺🇸 Chernobyl ⭐️ 8.84
8. 🇺🇸 It’s Always Sunny in Philadelphia ⭐️ 8.78
9. 🇺🇸 The Office (US) ⭐️ 8.68
10.🇬🇧 Peaky Blinders ⭐️ 8.64
11. 🇺🇸 Mad Men ⭐️ 8.62
12. 🇺🇸 Succession ⭐️ 8.60
13. 🇺🇸 Friends ⭐️ 8.58
14.🇺🇸 True Detective (Season 1) ⭐️ 8.56
15.🇺🇸 Fargo ⭐️ 8.54
16.🇺🇸 The Americans ⭐️ 8.52
17.🇺🇸 Six Feet Under ⭐️ 8.50
18.🇺🇸 Lost ⭐️ 8.47
19.🇺🇸 The West Wing ⭐️ 8.45
20.🇺🇸 Dexter ⭐️ 8.43
21.🇬🇧 Sherlock ⭐️ 8.41
22.🇺🇸 Narcos ⭐️ 8.39
23.🇺🇸 Stranger Things ⭐️ 8.37
24.🇺🇸 Black Mirror ⭐️ 8.35
25.🇺🇸 House of Cards ⭐️ 8.33
26.🇺🇸 Seinfeld ⭐️ 8.31
27.🇺🇸 South Park ⭐️ 8.29
28.🇺🇸 The Simpsons ⭐️ 8.27
29.🇺🇸 Twin Peaks ⭐️ 8.25
30.🇺🇸 Ozark ⭐️ 8.23
31.🇺🇸 The Crown ⭐️ 8.21
32.🇺🇸 Vikings ⭐️ 8.19
33.🇺🇸 The Walking Dead ⭐️ 8.17
34.🇯🇵 Death Note ⭐️ 8.15
35.🇺🇸 House ⭐️ 8.13
36.🇺🇸 24 ⭐️ 8.11
37.🇺🇸 Prison Break ⭐️ 8.09
38.🇩🇪 Dark ⭐️ 8.07
39.🇺🇸 Hannibal ⭐️ 8.05
40.🇺🇸 Mr. Robot ⭐️ 8.03
41.🇺🇸 The X-Files ⭐️ 8.01
42.🇺🇸 Brooklyn Nine-Nine ⭐️ 7.99
43.🇺🇸 The Boys ⭐️ 7.97
44.🇺🇸 How I Met Your Mother ⭐️ 7.95
45.🇺🇸 Parks and Recreation ⭐️ 7.93
46.🇺🇸 Modern Family ⭐️ 7.91
47.🇪🇸 Money Heist ⭐️ 7.89
48.🇺🇸 The Mandalorian ⭐️ 7.87
49.🇺🇸 Ted Lasso ⭐️ 7.85
50.🇺🇸 Homeland ⭐️ 7.83

[𝖗𝖊𝖉✞ @_redfeels]

Me signalling my work bestie to stop spilling the tea because the tea bag just walked in...

[NotAProjectCFC @NotAProjectCFC]

🚨🚨 PROTEST MARCH ANNOUNCEMENT!!

Date: Saturday 18 April
Game: Chelsea vs Manchester United
Action: Protest march alongside fans of RC Strasbourg

NotAProjectCFC is proud to announce joint protest action in unison with four supporter groups representing more than 2,000 fans of Racing Club de Strasbourg ahead of Chelsea’s match at home to Manchester United on Saturday, 18 April.

As a result of the continued erosion of values at both football clubs, we have decided to come together to take action with one clear, unified message: Blueco Out

Members of Ultra Boys 90, Kop Ciel et Blanc, Fédération des supporters du RCS and Pariser section have kindly agreed to fly over to London and walk in unison with us on a protest march towards Stamford Bridge ahead of the match.

Supporters of both clubs are invited to join us on this march. We plan to shine a light on not only the incompetence and mismanagement at Chelsea Football Club, but also the restrictions implemented by multi-club ownership, where clubs like RC Strasbourg are being stripped of their identities, and where longstanding and respected fan groups are being censored and repressed by a brutal ownership.

We believe this could be a seismic moment in the history of football, where fans of clubs from separate countries will come together to do what is right not only for our clubs individually, but for the sport more widely.

Together, we can force change.

#BluecoOut

Further details of this march will be announced in due course.

@UltraBoys90
@fsrcs
@Kopcieletblanc
@PariserSection

[Dida Steez @DidaSteez]

@M_Mukate 🤣🤣🤣

[Dida Steez @DidaSteez]

🤣🤣🤣