Showing posts with label BlueCo. Show all posts
Showing posts with label BlueCo. Show all posts

Tuesday, 12 May 2026

GARY O"NEAL SLAMS CHELSEA OWNERS FOR 'MESSING UP' RECRUITMENT AND CULTURE AT STRASBOURG SINCE BLUECO TAKEOVER

 

Getty Images Sport


Strasbourg manager Gary O’Neil has sensationally targeted club owners BlueCo, accusing the consortium that also owns Chelsea of undermining his squad through poor recruitment and a failing internal culture. The former Wolves boss did not hold back after a series of disappointing results, claiming the hierarchy actively weakened the side during the January transfer window.

Recruitment failures and squad frustration

O’Neil has launched a scathing attack on BlueCo, the joint owners of both Strasbourg and Chelsea, accusing them of "messing up" recruitment and questioning the overall culture within the organisation.

O’Neil, who took charge in January, has overseen two semi-final defeats in the last month, with the club exiting the Coupe de France and the Conference League. The manager believes the January transfer window actively weakened his squad rather than strengthening it.

He highlighted the loaning of striker David Datro Fofana and defender Aaron Anselmino from Chelsea, alongside the recall of influential loanee Mamadou Sarr to London. Additionally, Ecuador international Kendry Paez saw his season-long loan cut short by Chelsea, only to be immediately re-loaned to River Plate in Argentina.


AFP


O'Neil demands a culture shift

Following Sunday’s 1-1 draw with Angers, O’Neil spoke to L’Equipe to express his dissatisfaction with the current setup. He was explicit about the needs of the team and the errors made by those at the top. “I need two centre-forwards. The owners want to give me the means to perform next season, but we have to improve the culture around the club, the quality of the players, and the depth of the squad. We messed up in the January transfer window. We weakened instead of improving the squad,” O’Neil stated.

The manager's frustration stems from a feeling that the multi-club model is prioritising Chelsea’s movement of assets over the competitive stability of the Ligue 1 side.

Anger following disappointing performances

Reflecting on his team’s recent performance, O’Neil did not mince his words when discussing the mentality of his players and the environment they are operating in. He warned that the final games of the season would be a litmus test for who deserves to remain at Strasbourg. "I am angry. I hope that the players are, too. There are two matches left and they have to show me that they have to level to play with us next season. But we won’t get anywhere playing like that," he stated.

O’Neil continued his critique by highlighting a lack of fight in recent fixtures. "They really disappointed me, even more so than on Thursday (against Vallecano). They have to do better. The world of football is full of sharks. They need to know that. I told them that we were playing a final and they didn’t play like they had to," the manager added.

- Mohamed Saeed

Thursday, 7 March 2024

CHELSEA PARENT COMPANY BLUECO ANNOUNCES 653 MILLION POUNDS NET LOSS

Reuters 


 Chelsea's parent company BlueCo 22 announced net losses of 653 million pounds ($832.71 million) after tax for the March 2022 to June 2023 period, while the Premier League club suffered 90.1 million pounds in losses before tax, company filings showed.

The consortium BlueCo, led by American Todd Boehly and Clearlake Capital, purchased west London outfit Chelsea in 2022 while in 2023 they also reached an agreement to become shareholders of French club Racing Strasbourg.

The loss for Chelsea in the 12-month period was lower than the 121.4 million pounds for the previous year.

The club also had increased matchday and commercial revenue after they operated without the government restrictions placed on them after Russia's invasion of Ukraine, when former Chelsea owner and Russian billionaire Roman Abramovich was sanctioned.

"Chelsea grew overall revenue to 512.5 million pounds, made profits on disposal of player registrations and fixed assets of 142.2 million pounds and increases in other income," the annual report said.

"This helped offset the increased operational costs seen in the year. This year saw an overall increase in turnover from 481.3 million pounds to 512.5 million pounds.

"Matchday revenue increased from 69.2 million pounds to 76.5 million pounds compared to the prior year," it added, with the average attendance at Stamford Bridge increasing to 40,002.

However, the men's team finished a disappointing 12th in the Premier League, resulting in a lower domestic broadcasting share. Broadcasting revenue fell 9.1 million pounds to 225.9 million pounds compared to the previous year.

Revenue also increased thanks to the women's team which won the Women's Super League and Women's FA Cup while they also reached the final of the Women's League Cup.

Commercial revenue rose 33 million pounds to 210.1 million pounds, with the club benefiting from a net increase in sponsorship income from new and existing partner renewals.

"Despite the loss in the year and the continued fallout from the sanctions placed on the club in the prior year, the club continues to comply with UEFA and Premier League financial regulations," Chelsea added.

($1 = 0.7842 pounds)

- Reuters