//

UTC

[WE ARE THE SHED ⭐⭐ @WeAre_TheShed]

100 years will pass and reckon no other London Club will come close to having the full set

This is Chelsea DNA 👊

[Stokeman🏴󠁧󠁢󠁥󠁮󠁧󠁿 @anglopjdst]

EEEEEEEEENNNNNNNGGGGGLLLAAAAAAAAANNNNNNNDDDDD

[BRITAIN IS BROKEN 🇬🇧 @BROKENBRITAIN0]

🚨BREAKING: The Sudanese migrant who attempted to behead a man in Belfast last night was granted a 5 year visa by the UK government 🇬🇧

MORE BLOOD ON YOUR HANDS @Keir_Starmer 🩸 🙌

[Ollie @olliejustmoans]

Mad that Britain went hundreds of years without beheadings in the street, children stabbed at a dance class, blown to bits at a concert, people having a beer in London stabbed etc. Could go on for hours

It isn't racist to want this to stop, and the scum deported. Sick of it

[Bane Walker @britbane2024]

Ireland, put your religions, and politic differences to one side, you have a common enemy.

We stand by you.

🤝🏻

[Wooly @wo01yy]

We sat and knelt on a football pitch every single week for a black drugged up criminal in America for being killed by the police, let’s see the reaction to it happening to one of our own in this country, I bet it’s silent.

[MAH @matissearmani]

Madueke was fighting Palmer for penalty against Everton at 4-0 but didn’t step up before Gabriel in a Champions League Final HMMMMMMMMM.

[// @DormerLuke]

A disgrace of a football club.

[foland (fan) @propsMCFC]

disgusting.

thank you for saving football PSG.

[// @DormerLuke]

Dirty scumbag

[Harry Joiner @HarryJoiner9]

Good to see the Arsenal fans taking the loss well

[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

[ًًً @ibzsmo3k]

Rosenior out from day 1 nation. Stand up.

[Steve G ⭐️⭐️ 🇩🇪 🏴󠁧󠁢󠁥󠁮󠁧󠁿 @SW6Steve]

This vile CUNT is the main cause for everything wrong at CHELSEA FC and he and his investors along with BOEHLY can all fuck off back to where they came from
EVERYONE should be at the PROTEST Sat 18th @ Stamford Bridge, if NOT just repost and share the message 👊BLUECO OUT 💀

[. @Cfc_nicco]

I enjoyed you hermano

[Charlie Patrick @charliepatrick0]

I’m glad I got to see us win everything.

We’ve become a washed unserious institution on every level.

Dark times.

[// @DormerLuke]

@_onlyscott Essien

[// @DormerLuke]

How do you make custom Chelsea flags. I need one for the Arsenal game. #CFC

[Bridgways. @Bridgways]

1/365 of 2026.

[Chelsea FC @ChelseaFC]

Happy birthday, Roman Abramovich! 🎂