Matt Hughes in Guangzhou
Pick up classic Hitchcock thrillers all this week, only in The Times

Chelsea are bracing themselves for another huge increase in player salaries that could take their annual wage bill close to £150million when the recent round of contract renegotiations show themselves in the balance books. John Obi Mikel and Joe Cole are the next in line for new deals and expect to open talks before the start of the season after Wayne Bridge, Petr Cech and Michael Essien signed new contracts in the past week. Discussions are under way with Frank Lampard and Michael Ballack, and Didier Drogba is also demanding a pay rise to keep him at the club.
Chelsea's wage bill for 2006-07 was £133million, £40million higher than the Barclays Premier League's second biggest spenders, Manchester United, but even that sum, which represents 71 per cent of their turnover, is likely to be dwarfed when the results for 2008-09 are released.
The contracts signed by Bridge, Cech and Essien have added £4million to the club's wage bill, and Lampard is due for a £1.5million-a-year rise if he agrees to Chelsea's £140,000-a-week offer. Mikel can expect his salary to double to £80,000 a week at a cost of an additional £2million a year to the club because the Nigerian is expected to take over Claude Makelele's position as the midfield anchor. Cole is likely to receive an additional £1million to take his wages to a similar level.
Deco's three-year contract is worth almost £5million a year and José Bosingwa's £2.5million, bringing the total cost of new players, new contracts and those in the pipeline to a staggering £16million annually. In contrast, those players who have left the club this summer, such as Steve Sidwell, were relatively modest earners, with the exception of Makelele, whose departure on a free transfer to Paris Saint-Germain will save Chelsea £80,000 a week.
Chelsea's largesse may be unsustainable in the long run and makes a mockery of their aim of breaking even by 2010, but their determination to keep the squad together at almost any cost is a testament to the success of their player recruitment in recent years.
Luiz Felipe Scolari, the manager - who earns £5.5million a year, £500,000 more than José Mourinho was banking from Chelsea this time last year - outlined his faith in his squad after the 4-0 win over Guangzhou Pharmaceutical yesterday, refusing to be drawn into a slanging match with Sir Alex Ferguson over the United manager's claims that his players are too old.
Salomon Kalou, Lampard, Franco Di Santo and Shaun Wright-Phillips scored the goals in a straightforward win. “I have the players with experience and I have some young boys in my team,” Scolari said. “But I feel with my team that we have experience for the Premier League. I'm not nervous at all. I have the pressure, but all of the coaches have the same pressure. It's normal.
“Don't forget that I was a coach for club teams for 17 years of my life. I was only working with the national team for seven years. I feel the same as I was coaching the other teams. I need to work morning and afternoon, I need to grow the team and I need to think up new tactics for my training.”
Scolari also expressed confidence that Lampard would stay at the club, even though he has yet to agree to a new contract. The England midfield player wore the captain's armband for the second half after John Terry's substitution last night, although he refrained from kissing the club badge after scoring Chelsea's second goal.
“I said two days ago that Frank is here, he is with us, training, playing very well,” Scolari said. “He is one player from our group and the speculation is part of big speculation in the world for this player or that player. Until August 31 [when the transfer window closes] there'll be more speculation for Chelsea than for any other team. After then the speculation will not finish.”
Read the training tips and advice that helped our London Triathletes
Times Online's new TV show helps you make the right decisions for your pet
Read our exclusive 100 Years of Fleming and Bond interactive timeline, packed with original Times articles and reviews
The latest travel news plus the best hotels and gadgets for business travellers
Shortcuts to help you find sections and articles

Get three teams for £6 £100K prize fund to be won

Find tickets for:

Make sure you don’t miss a goal with our text alerts

in The Sunday Times, Times and Times Online
2007
£47,700
2007
£41,899
2008
£41,445
Great car insurance deals online
£25,510 – 32,000
Transport for London
London
£50k
NHS
Nationwide
£
£90,000 + PRP
Essex County Council
Essex
100K
Confidential
London
5% below developer pre-launch price!
Luxury Appts, beautiful gardens w/ Thames views
Great Investment, River Views
By Funway – Thailand
from £589pp
Christmas Cruises
From only £995pp
APTs East Coast now from only
£2425pp.
Great travel insurance deals online
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times. Globrix Property Search - find property for sale and rent in the UK. Visit our classified services and find jobs, used cars, property or holidays. Use our dating service, read our births, marriages and deaths announcements, or place your advertisement.
Copyright 2008 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.
Chelsea didn't start any of this and without Chelsea we'd simply be talking about a 'big 3' instead of a 'big 4' . But yes, ultimately the game will be undermined by the obscene money...fans will lose interest...the money will dry up...the stadiums will begin to crumble - welcome back to the 1980's!
Peter, Wellington, New Zealand
Keith, Boston - Arsenal are the only club that make a significant profit. Sure, Man U and Chelsea flash the cash but its not from the club kitty bank
Patrick, London,
There is a difference between a "loan" made by a owner which is constructed that way for tax reasons and the type of external debt which Utd, Arsenal and LFC have with banks in the midst of a credit crisis. BTW, Abramovich's investment in Chelsea is 2% of his net worth - I doubt he's sweating.
Keith, Boston, USA
what are you talking about that chelsea has no debt? they OWE over $700M. Do you think RA is going to pay all of that with his own money and then leave so that the club ends up w/ a clean slate?
http://www.guardian.co.uk/football/2008/may/20/premierleague.chelsea
omar, chelsea, uk
The sad thing about sports today is that it IS a free market. Free agency has ruined sports. One can't idolize players anymore as they only have loyalty to cash. CFC and Utd are classic cases richies getting richer and reducing everyone else's stake in the PL. It's boring and will end badly for all.
Shannon, Richmond, VA, USA
Even as a CFC fan it's hard to justify how the club is run. However those who think CFC are finished if RA walks away ignore the facts. The club has no debts and owns the stadium and training ground. So even in the unlikely event he did get bored CFC would be OK. Compare that to Arsenal, LFC etc
Keith, Boston, USA
71% of their income being paid out to players wages is not good business. Mr Abramovich is a good business man, but I can't help but feel that his seemingly "win-at-all-costs" attitude will destroy the club when he inevitably calls it a day. It would be a big loss for English football all together.
Rob Delve, Manchester,
There is very little prospect of reducing the wealth gap in our society whilst these gross anomalies are permitted, with players earning 500 times the average UK salary
Paul , northwich, england
Would anyone really believe anything Kenyon says?
Man U are the most profitable club so should have the most money available.
Madrid are just financed by the Spanish government but UEFA turn a blind eye.
Nick Matthew, London,
Chelsea's fall will be spectucular. This is not a case of IF but WHEN. Only a matter of time before Abramovich packs up and moves onto other things.
Sam, Glasgow,
It's a good job there's a never ending pot of money!
Elliott, Malice, Middx
As a Liverpool supporter since 1959, I was pleased that ManU were champions of the EPL and the Champions League last season, rather than Chelski. I would never have thought that possible in the 1990s
Padraig, Perth, Australia
I ike the way in which Real Madrid operate, whereby they take a percentage of image and sponsorship rights from the players, which means they can still pay high wages AND make money.
Chelsea are going to be great to watch next year - get down to the Bridge and watch - no ticket increases for 3 yrs!
Rob H, Chesham, England
It's no wonder Chelsea have taken over from United as the team everyone hates the most.
Guy, London,
Fortunate Abramovich has deep pockets otherwise they'd be in the same league as Leeds FC. Too bad it isn't a requirement to make a profit!
Clara, Richmond, England
to be honest, i cringe when hearing about the fees paid nowadays, at our club and at other clubs around the world. this is ridiculous money, no one is worth that much! as much as i hate the gunners, their wage-policy is brilliant and hats off to them for following though with it....
gideon, basel, switzerland
BC
Just because Chelsea are under no obligation to reveeal their salaries doesn't mean they don't!
These amounts of money are obscene.
luke neave, bristol, england
Some day soon the premier league bubble will burst and that can only be a good thing for real football rather than the stage productions we have now.
Clive, Dartford, Kent
I they didn't get paid for one year, could they make a real significant dent in world debt?
Something to think about Lampard.
Although granted if someone said to me you're not getting paid for a year I would be less than impressed.
Paul, London,
Manchester UTD and Real Madrid are the two clubs that destroyed the integrity of football by turning it into a money lottery.
It's a bit churlish to blame other clubs for trying to compete too.
Alan Delaney, London,
Chris Dee, How is Chelsea's spending in 5 years different to Liverpool's, Man U's, Real's or Barca's in 10. It was just done quicker.Your comment is the same tired one thrown around by peole with little knowledge of the game and who's team has underperformed. Again.
Russell, London,
The way football is run is a cscandal. If this was a normal business they would have been bust long ago. It is wrong tht teams like Chelse, Liverpool, and others in the Premiership can rack up so much debt in order to buy success.
Craig , Liverpool, UK
Billy. Interesting point about illiterate footballers. Oh, and "find" isn' spelt with an "o". What position do you play?
Mark, Rome, Italy
as a 'hardcore' fan of the cfc i wonder this : who's going to pay the bill when roman gets his champions' league and decides his little footie games are over? our board are fools. (even though keeping players like essien , mikel or cech makes sense).
alexis, grenoble,
"...but their determination to keep the squad together at almost any cost is a testament to the success of their player recruitment in recent years." This does not make any sense. At best it is a contradiction.
Dave, Sneinton,
Thank You Abramovich for single handedly destroying the enjoyment of the best game in the world.
These players should be ashamed of themselves, no wonder England are so poor at International competitions. We're all judged on performances but footballers are judged on how good their agents are!
Steve, ealing,
No problem.
While everyone else owes millions/biliions we simply have the money!
The future is blue!
A.Foster, London,
Rediculous. Club football is no fun anymore. The passion has gone and has been replaced by money. Too many foregn players and too much money. Obviously the "hardcore" Chelsea fans are going to disagree with this opinion but then again, ignorance is bliss.
kris, Bristol,
Please let the football bubble burst soon. Paying this mount of money to dullards chasing after a pigs bladder is just so obscene, especially as they have neither the manners, respect, or good grace to accept authority decisions.
Pete, St Albans, England
Sick team in a sick game. If this is the best way we can foind of allocating resources (from a thief to a bunch of illiterate good for nothings) then there is no hope for us at all.
Billy Barnett, HK,
Football made easy.Spend nearly a billion pounds in bailing out a club in dept,buying up as many good players as you can ,paying them obscene amount of wages and Bob's you uncle!
The Russain could have achieved the same results if he had spend the same money at Wigan or Stoke.Chelsea great ?Nah!
chris dee, london,
As Chelsea are a private company, and under no obligation whatever to reveal their employees' salaries, where are all these figures coming from? A slow day in the transfer market leaving the media with nothing to do but play with their calculators?
Believe nothing till you hear it from Chelsea.
Barrie Collins, Long Sault, Ontario, Canada