Rumours had been brewing over the last few months that Chelsea were interested in signing France forward Nicolas Anelka from Bolton. These were logical of course, because Anelka has been excellent this season, and has buckled down and worked on his game and temperament in the last few years. Chelsea were not the only interested party, and both Arsenal and Manchester United were rumoured to be interested, along with several continental clubs. The fees mentioned were anywhere between £8 and 12 million, and you can't say that Anelka isn't worth that.

Today however, official confirmation was received that Bolton rejected a bid from Chelsea. The amount of the bid is unclear but it is believed to be around £11 million, and it looks like Chelsea will have to shell out a lot of money, despite their slightly hilarious protestations of late that they are "not a spending club" and looking to "tighten the strings" and so on.

Apart from the fact that Chelsea have unlimited finances, and pay virtually 40-60% extra for all of their transfers because other clubs don't want to let them off lightly, there are several others reasons why Anelka will cost them a lot more:

1. Bolton are in quite a strong position. Anelka signed a 4 year deal at the start of the season. If he goes now, they can use the money to bring someone in, if he stays, then his class will be invaluable to them, and he can still be sold in the summer when Bolton can start a bidding war. Anelka has for a change not thrown his toys out of the pram and said that although he'd like to be playing Champions League football, he'd be happy to stay at Bolton as well.

2. Along with Dimitar Berbatov, Anelka is the best striker in the Premier League that isn't cup-tied for Europe. There are other strikers available in Europe (a few), but because of the way the Premiership is, it takes time for players coming from abroad to adapt, and with only 5 months left of the season, January signings generally need to come from within the league to have an impact. Anelka and Berbatov are not just two of the best in England, they are probably two of the best in Europe, and with Spurs reportedly wanting £35 million for Berbatov, Anelka is definitely the better option.

3. The African Nations Cup will deprive Chelsea of their two best attackers Drogba and Kalour. Pizzarro hasn't been much good, and Shevchenko's overall floppery is quite well known. They will be in serious need of attacking threat for a month or so, and so a striker buy is crucial.

4. Nevermind going missing for the ANC, but Drogba has once again come out and said that he wants to leave Chelsea, so they are also in the market for a top striker for next season, and Drogba's comments might seem him drop out of favour by the end of this one. The Ivorian had this to say - "The problem is that I say that I want to leave since two or three years. Mourinho's departure didn't help, to the contrary it made my desire to leave even bigger". Chelsea's main striker wants out, they're short of two for the next month and a half, their other strikers are poo, and they need someone who's good, not cup-tied, and able to spearhead them for at least a few years.

Bolton really hold all the cards on this one, although a lot depends on Anelka maintaining his good temperament and decent behaviour. If he decides to throw a strop and hands in a transfer request or something, then Chelsea will be able to bring the price down. But Anelka knows that he can get his move at the end of the season as well, so there shouldn't be any massive urgency. Peter Kenyon is also quite a poor negotiator, so Bolton should be able to get at least about £16-18 million for Anelka, if not more.

Back in May, when Chelsea failed to beat Arsenal at Ashburton Grove, thereby handing the title to Manchester United, Arsenal fans took great delight in singing "Sacked in the summer, you're getting sacked in the summer" to the hyperactive Jose Mourinho. Bordering on obnoxiousness as always, the Portuguese manager had charged on the field at full-time, gesturing wildly to the crowd and trying to be the focus of attention.

Although that little interchange amused many, tellingly not a lot of eyebrows were raised - Mourinho was clearly not too happy with how things were being run at Chelsea, and Chelsea were allegedly not too happy with the style of football played under Mourinho, and his unwillingness to be pushed around by their collection of suits - Kenyon, Buck, Abramovich and Zahavi, of which only the latter can have some claim to being a "football man".

Add to that the appointment of Avram Grant from Portsmouth as Director of Football (not to mention the arrival of Frank Arnesen many months earlier to oversee the scouting and talent acquisition) and Chelsea clearly seemed to be building the sort of system that makes a manager's wishes irrelevant. In someways they have jumped from being small to "big" in a very short span of time, and without really having the structure to match. They have hurriedly tried to cobble together a "structure" at the club, and this smells of an insecurity towards the age-old foundations established at powerhouses like AC Milan, Barcelona, and closer-to-home... Arsenal and Manchester United.

I don't think Abramovich liked the fact that Chelsea were reliant for success on Mourinho, especially with the disagreements over playing style and the arrival of certain personnel (Shevchenko, Ballack, Wright-Phillips), and so he decided to establish a "continental-style" structure that would oversee everything to do with the sporting aspects of the club other than the actual coaching, tactics and and operations of the first-team. Any manager arriving in the future would have to work within these constraints, but Mourinho had been there before it all, and was the man responsible for delivering Chelsea's first meaningful silverware in 50 years, so it was never going to work well.

Mourinho may not have played terrific football, or thrilled many (or any), but he had a talent for figuring out how to win or draw football matches. I can't remember any games where they every looked out of a tie, and their resilience and solidity were incredible. You can't hire a manager to win you titles, and when he wins you titles, start telling him how to do his job.

So out goes one of the brightest young managers in Europe, the only surprise being that it was a month into the season instead of before it. Whoever comes in now will have a difficult task, because they can't afford to let performances flag. Avram Grant has stepped up to the mantle for now, but two of the names being bandied about are Fabio Capello and Guus Hiddink. Capello seems unlikely, given his fondness for signing Italians wherever he goes (and the fact that the transfer window doesn't reopen for some months), and when you factor in the Russian connection, and his friendship with Abramovich, Hiddink is not the unlikeliest candidate in the world. Harry Redknapp is a less-likely figure, but another shrewd operator, and someone who likes to play exciting football.