Chelsea Football Club

Football Chelsea Football Club of the late 1970’s and1980’s was very far from the club that we see today, with much of the time spent struggling in Division Two of the English league, huge debts and the threat of administration.

Chelsea Football Club are now one of the top football teams in England, Europe and possibly the World, this is a very different story from the Chelsea of the late 1970’s and 1980’s.

An ambitious ground re-development in the 1970’s was to leave Chelsea in deep financial trouble, star players were sold and Chelsea were consequently relegated to the second division, at one point Chelsea were unable to pay the players wages, the bank had refused to cash their cheques and Chelsea were on the verge of collapse.

In 1982 Chelsea was bought by businessman Ken Bates for the nominal sum of £1 (which also included the huge debts), by which time the Stamford Bridge ground freehold had already been sold to property developers and Chelsea faced a long legal battle to retain their home ground.

Home attendances were falling, and it was common to see crowds of less than 10,000 at Stamford Bridge for Chelsea‘s home games, results on the pitch weren’t much better and Chelsea were almost relegated to the Third division, but survived after a last minute Chelsea goal against Bolton

In 1983 John Neal was appointed manager and with a minimal budget and some shrewd signings turned the fortunes of Chelsea around, winning the Second division championship in his first season in charge. The following season Chelsea finished sixth in the first division, unfortunately Neal had to stand down due to ill health and this saw a downturn in Chelsea’s performances. Continue reading