
I just discovered a REALLY cool fan-powered site called FanIQ which, like Bleacher Report, allows sports fans of all stripes to post their own their own sports stories for all the world to see. As Bleacher Report has partnerships with both Fox Sports and CBS Sports, its visibility is a little higher than FanIQ’s (Bleacher Report is pop music and FanIQ is punk rock). But not only do I designate FanIQ as a Coolsite, I also listed it on my Blogroll.
I discovered FanIQ when I came across one its recent posts, “The Fall of Chelsea – The Roman Empire.” The phrase “Roman Empire” directly refers to Chelsea’s current owner, Roman Abramovich. It’s a little long but an excellent read.
The gist of the article is this: the once can’t-miss Chelsea Football Club is currently misfiring on all engines. They’ve yet to beat one of the other top three clubs in the English Premier League (and you can’t win the league title if you do that) and are currently in fourth place, making them no shoe-ins for entrance into next year’s Champions League competition. The writer, jumbovonolyphant, places the blame squarely on Roman Abramovich’s shoulders, pointing to his well-documented micromanaging that’s led to good managers getting axed, short-sightedness, and creating an atmosphere that prevents Chelsea from bringing in young talent (as an FYI, I think that the last things is a big part of Chelsea’s problems). He does give him his well-deserved credit for raising the profile of the EPL.
The only part of the story that I’m not 100% on board with is jumbovonolyphant’s statement that Chelsea’s one the teams “affected by the credit crunch.” While the team may have spent too much too fast, they’re technically not having a credit problem. The teams that are (Manchester United for example) borrowed a whole bunch of money at a respectable interest rate to fund their businesses, whereas Chelsea got their cash straight from Abramovich’s deep pockets. Leverage is certainly part of his business and I’m sure that he’s feeling the pinch in some places, but I have a hunch that he’ll survive it. This is splitting hairs but it’s an important characteristic that’s getting loss in credit crunch discussions, that the less you borrow, the more prepared you are to ride out the storm. But this is just part of the story and not its basis.
I attempted to post my opinion about this statement on FanIQ but had to register as a site member to do so. I tried to join but the process took waaaaaaaay too long. I have to point this out because I’m not telling the author my opinion straight on-although not for lack of trying-and don’t want anyone to think that I’m hiding my statements from him.
Regardless of my feelings about the credit crunch statement, I still think that the story is well-written and makes valid points. Please read the story, and form your own opinion.