Russian billionaire Roman Abramovich is spending more than £240 ($340) per minute on his London football club, Chelsea FC, fresh figures have revealed. Abramovich, who took over the Stamford Bridge club in 2003, has since poured £710 million ($1.03 billion) into rejuvenating the team -- an amount that equates to the incredible $342 per minute. Despite the Russian's investments, the club has not been profitable since he took over, and last week reported a loss of $95 million for the ...

English Premier League side Chelsea confirmed Thursday that Guus Hiddink will take charge until the end of the season following the dismissal of Luis Felipe Scolari. The veteran Dutchman currently coaches the Russian national team, which he led to the semifinals of last year's European Championship. Chelsea said it thanked the Russian Football Union for its "understanding and cooperation." It was unclear whether Hiddink would continue as Russian coach. Asked if he could combine both high-profile jobs in an ...

The sudden exit of Luiz Felipe Scolari at Chelsea has left Ray Wilkins temporarily in charge, and the door is wide open for a new manager at the London club. But who should take Scolari's place Early media reports have suggested former Chelsea manager Avram Grant is the subject of interest from the Blues, in a possible combination with current Russia manager Guus Hiddink. Who do you think should replace Scolari at Stamford Bridge And what do you ...

Brazilian legend Luiz Felipe Scolari has been sacked as manager by Chelsea after "deteriorating" results and performances, the Premier League club announced on their Web site on Monday. The decision follows Saturday's goalless home draw against Hull City that has left the west London club fourth in the table -- seven points behind defending champions and league leaders Manchester United. Chelsea's Web site statement read: "Luiz Felipe Scolari has been dismissed as manager of Chelsea Football Club with immediate effect. ...