Burden of being the richest club lifted from Chelsea

Chelsea chief executive Peter Kenyon is delighted that Manchester City are now acknowledged to be the richest team in the world.

Chelsea chief executive Peter Kenyon is delighted that Manchester City are now acknowledged to be the richest team in the world.

That title once went to Chelsea, but chief executive Peter Kenyon insists he is "delighted" that the club are no longer the wealthiest in world football.

"We are delighted not to be the richest club any more and other clubs may spend more without having as much success on the pitch," Kenyon declared at a fans' forum.

"This would dispel the idea that we have just bought our titles. We have taken sound financial decisions recently regarding trimming costs," he said.

"We are not generally in the market for players at present as the best players are not usually available mid-season and it takes new players time to adapt.

"He (Scolari) has said consistently that he doesn't want random replacements if we can't get the players he identified.

"We have a long-term plan with him and will build on what we have achieved so far.

"We are in great shape and the best thing we can do is win trophies and be self-sufficient."

Kenyon continued: "We have had investment of £600m in the last five and a half years with excellent facilities and football during that time.

"Next year we expect our operating profit to break even. Our financial accounts for 2007-08 are published in February and any notions about the owner losing interest are dispelled in that. The owner does not have to sell Chelsea and he doesn't want to."

Have your say