<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[El Presidente]]></title><description><![CDATA[Investor and football executive attempting to make sense of the strategies and finances behind the beautiful game.]]></description><link>https://www.elpresidente.club</link><image><url>https://substackcdn.com/image/fetch/$s_!aiZ8!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcab2faa2-fee2-49fb-a9b2-72c90c033cb1_1280x1280.png</url><title>El Presidente</title><link>https://www.elpresidente.club</link></image><generator>Substack</generator><lastBuildDate>Thu, 24 Sep 2026 03:57:05 GMT</lastBuildDate><atom:link href="https://www.elpresidente.club/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[The Football MBA]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[elpresiente@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[elpresiente@substack.com]]></itunes:email><itunes:name><![CDATA[El Presidente]]></itunes:name></itunes:owner><itunes:author><![CDATA[El Presidente]]></itunes:author><googleplay:owner><![CDATA[elpresiente@substack.com]]></googleplay:owner><googleplay:email><![CDATA[elpresiente@substack.com]]></googleplay:email><googleplay:author><![CDATA[El Presidente]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Who Will Be Chelsea’s Next (Middle) Manager?]]></title><description><![CDATA[Why Chelsea&#8217;s manager search is a strategy test - and why there&#8217;s only one logical outcome.]]></description><link>https://www.elpresidente.club/p/who-will-be-chelseas-next-middle</link><guid isPermaLink="false">https://www.elpresidente.club/p/who-will-be-chelseas-next-middle</guid><dc:creator><![CDATA[El Presidente]]></dc:creator><pubDate>Sat, 03 Jan 2026 21:00:32 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!aiZ8!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcab2faa2-fee2-49fb-a9b2-72c90c033cb1_1280x1280.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Enzo Maresca&#8217;s exit, following growing tensions with senior management and ownership, leaves Chelsea at a strategic crossroads. The media is already awash with speculation about his successor, but the more important question is not who should manage Chelsea next - it is what Chelsea are actually trying to be.</p><p>Predictably, much of the fanbase is calling for a &#8220;proper&#8221; manager: a big name, a proven winner, someone who can impose authority and deliver instant results. That instinct is understandable - but it fundamentally misunderstands the strategy Chelsea have chosen under BlueCo.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.elpresidente.club/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>Since BlueCo&#8217;s takeover, Chelsea have moved decisively away from the Roman Abramovich era. The shift can be summarised in four key areas.</p><p><strong>1. From Galacticos to Venture Capital</strong></p><p>Under Abramovich, Chelsea focused on signing world-class players in their prime - expensive, proven, and ready to deliver immediately.</p><p>BlueCo has flipped that model. Their approach resembles Brighton or Brentford, just turbo-charged by capital: identify future elite players early, sign them before their value explodes, lock them into long contracts (often seven or eight years), and accept short-term volatility in exchange for capturing the long-term performance and value upside.</p><p><strong>2. From Single Club Structure to Multi-Club Lab</strong></p><p>The acquisition of Strasbourg as Chelsea&#8217;s &#8216;feeder club&#8217; is a direct extension of the club&#8217;s elite talent strategy under BlueCo. In theory, having a French platform allows Chelsea to sign elite prospects early, develop them &#8220;in-house,&#8221; and transition them to Stamford Bridge when ready - avoiding the inflated costs of buying finished products on the open market.</p><p>The idea makes sense on paper. Making it work consistently is the real challenge: fan resistance, regulatory constraints, and competitive misalignment mean that most multi club structures never really deliver on the promises. It is still too early to judge whether Chelsea will get it right, but so far the Brazilian midfielder Andrey Santos is the only clear example of the pathway working - a year at Strasbourg followed by meaningful minutes at Chelsea this season.</p><p><strong>3. From Manager-Led to a Club-Led Style of Play</strong></p><p>Another decisive shift has been the move from manager-led football to a club-defined playing identity, centred on positional play and ball dominance.</p><p>Maresca&#8217;s appointment, shaped by his education under Pep Guardiola at Manchester City, reflected this philosophy. Crucially, the same principles are now being implemented at Strasbourg. This alignment is central to the strategy, ensuring players and coaches can move seamlessly within BlueCo&#8217;s structure.</p><p><strong>4. The manager as a &#8220;middle manager&#8221;</strong></p><p>Under Abramovich, Chelsea operated a traditional manager-centric model. The head coach owned the football strategy, drove recruitment, and shaped both short- and long-term decisions. There were no true sporting director; big name managers such as Mourinho, Ancelotti, and Conte ran the show.</p><p>Under BlueCo, that model is gone. Chelsea now operate with multiple sporting directors, an expansive recruitment department, and a football structure designed to function independently of the head coach. In this system, the manager is effectively a middle manager - responsible for coaching, player development, and implementing the club&#8217;s game model, not defining it or controlling recruitment.</p><p><strong>Why Maresca was a strategy fit &#8211; until he wasn&#8217;t</strong></p><p>When Maresca was appointed at Chelsea in June 2024, he was a very inexperienced head coach: 14 games at Parma before being sacked, followed by a successful Championship promotion with Leicester. In total, barely 60 senior matches - none in the Premier League.</p><p>Under Abramovich, with that CV he likely wouldn&#8217;t have got an interview. But under BlueCo, his profile suited the strategic direction: stylistic alignment and a willingness to operate within the structure.</p><p>For a while, it worked. Chelsea returned to the Champions League after two years - a crucial component of the club&#8217;s business model - and lifted the Club World Cup trophy in the summer. The trajectory pointed skyward.</p><p>But in many ways, what happened this week - with Maresca and Chelsea parting company due to untenable differences, reportedly driven by Maresca&#8217;s sense that his authority and role were increasingly being undermined on key matters - was predictable.</p><p>Success breeds territorial instincts. As coaches win, they push for greater control. Every win makes a coach believe they deserve more control. Every trophy becomes an argument for expanded authority. But in Chelsea&#8217;s current model, that is unacceptable. When the choice is between the coach and the structure, the structure must prevail. In fact, the core principle of Chelsea&#8217;s model is that the coach is replaceable. And from that perspective, Maresca&#8217;s departure is not a failure of strategy, but an enforcement of it.</p><p><strong>So where does the strategy point now?</strong></p><p>The role of the head coach within Chelsea&#8217;s structure immediately rules out most so-called &#8220;elite&#8221; managers. Big names do not accept reduced authority. They arrive with their own demands, staff, and expectations of control. If Chelsea genuinely intend to back their strategy, the conclusion is obvious: the next appointment must come from within. And viewed through that lens, the choice of Maresca&#8217;s successor is straightforward - Liam Rosenior, the current head coach of Strasbourg.</p><p>To many supporters, particularly those accustomed to Chelsea&#8217;s long history of marquee managers, appointing Rosenior would feel unambitious. He is inexperienced: a season and a half in the Championship with Hull and less than a year at Strasbourg since his appointment in July 2024. But within Chelsea&#8217;s current model, those perceived weaknesses may actually be strengths.</p><p>Rosenior fits the strategy, coaching the possession-dominant style Chelsea want. He has demonstrated a clear ability to work with and develop young players - Strasbourg are one of the youngest squads in a top-five league this season - and he is already embedded within the multi-club structure. That familiarity significantly reduces relationship risk: the hierarchy already knows how he operates.</p><p>At the same time, promoting Rosenior would send a powerful signal to players and coaches within BlueCo&#8217;s multi club structure: perform at Strasbourg, commit to the project, and Chelsea becomes attainable. That credibility is essential if the multi-club model is to function as intended.</p><p>Critics will argue this proves ownership simply want a controllable puppet. But that critique misunderstands the strategy. Chelsea value compliance because, in their model, the structure is the star - not the head coach.</p><p>In BlueCo&#8217;s Chelsea, middle managers come and go. The system endures.</p><p>Whether this is the right approach for a club like Chelsea is a debate for another day. But if this is the strategy, then Liam Rosenior is not a gamble. He is the only logical choice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.elpresidente.club/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item></channel></rss>