Chelsea now just a holding operation?

Comment Deleted by Site Moderator

Scarf.
Chelsea do not own the ground they play on. The shares for the ground were split up amongst fans to prevent developers getting their hands on it. In other words, the fact it is in West London is irrelevant. Might as well be Scunthorpe in terms of its resale value.

Replace ground with pitch.

I stand corrected.

Thanks for the clarification

Is this incorrect then? https://en.m.wikipedia.org/wiki/Chelsea_Pitch_Owners

comment by SB&S (U17757)
posted 3 hours, 20 minutes ago
Scarf.
Chelsea do not own the ground they play on. The shares for the ground were split up amongst fans to prevent developers getting their hands on it. In other words, the fact it is in West London is irrelevant. Might as well be Scunthorpe in terms of its resale value.
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What utter tripe. That area of London has THE most expensive real estate in the entire Country, comparing it to Scunthorpe (or even Tottenham for that matter) is a joke.

Also the fans own the pitch, do you seriously think that they are not going to be aligned with the Club's best interests?

comment by SB&S (U17757)
posted 2 hours, 43 minutes ago
Is this incorrect then? https://en.m.wikipedia.org/wiki/Chelsea_Pitch_Owners
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If it says ground and not pitch then yes.

Chelsea, my point was that Chelsea didn't own the ground meaning it has no real value to the business so it might as well be Scunthorpe. The real estate value is owned by fans.

SB&S, to me it's the same thing though. The CPO are there purely to represent the Club's best interests and if the Club's best interests in the future are for it to be sold for a huge amount then the Pitch Owners will ensure that it will happen. People didn't buy those shares to speculate or make money, they bought them because they care about what happens to their Club after the asset strippers tried to fack the Club over in 1983.

Opposition fans often think that because the Club itself doesn't own the pitch, that we are in danger from a potentially hostile Landlord, but we know that our Club is in safe hands and are quite comfortable with the arrangement. Thats why Bates arranged it like that, to stop rogue directors selling the Club down the river.