Chelsea chairman Bruce Buck has thrown in the towel as The Blues lose steam on Ronaldinho Chase.


The official at Stamford Bridge was frank and truthful about his team's chances of signing Ronaldinho next season, and his response showed that not much hope was being entertained by the English side, after a hail of rumours and counter-rumors greeted the news of transfer surrounding the Brazilian in recent times. In latest reaction to the possibility of Ronnie moving to Chelsea FC, Bruce said:

I don't see it being likely that Ronaldinho will be here next year. Anything was a possibility and certainly there had been rumours and discussions of that, but I don't see it happening.

The main reason the Chairman gave was that:

We are looking to balance some losses at the club, and a player like Ronaldinho will blow up the already huge money spent in recent years on buying new players. We have to focus on less expensive players and hope they will become of great value to us in the future when we want to sell them.

However, the real reason Chelsea may not be continuing their chase for the Barca star is believed to be the outright refusal of FC Barcelona to sit down on the negotiation table with Chelsea FC for talks on a possible transfer of the Brazilian super star.