Football Insider has been told by Kieran Maguire that comments made by Chelsea chiefs over reducing costs shows a 'lack of understanding' about football.
Kieran Maguire shreds Chelsea board over £80m reveal - 'complete lack of understanding'
The Chelsea board have shown a ‘complete lack of understanding’ by claiming that they will reduce the wage bill by £80million.about his concerns regarding the Chelsea hierarchy. Clearlake’s co-founder Jose Feliciano recently revealed in a private equity conference in Paris that the Blues are in the process of cutting costs at Stamford Bridge.
“I think what we are trying to do is reduce the salary and essentially the operating expenses of the business by over $100m per year,”The London side struck a deal with Ares Management this month to invest a further £400million into the club, which will be used to help fund the expansion of Stamford Bridge.
Maguire believes comments from Clearlake show their ‘lack of understanding’ in football compared to franchise sport in America.One of the Chelsea executives recently said that they are looking to reduce the wage bill by $100million
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