I remember the whole Cech speculation in 2004 – I remember hearing a lot about a young promising keeper playing for Rennes . We had a deal agreed but changed our mind allegedly when the work permit was getting processed.
This is Cech´s version but I would not be surprised if this is the Chelsea´s official line.
I tend to believe that we did not pull out of the Cech race but right at that time in 2004, Abrahamovic was just buying for fun. Having just purchased Chelsea, he spent his first two seasons paying a lot of cash for a number of players just to prise them away from rival clubs. Exactly like Manchester City´s current strategy.
For instance, Arsenal and Lyon were in advanced negotiations over the signing of Michael Essien prior to the summer of 2005. The deal being discussed was £10m with Arsenal trying to haggle over the price as usual.
The same thing must have happened with Cech. Knowing Wenger, he must have valued Cech at less than £5m – remember, at that time he was only a 21-year old rookie keeper.
I am sure some people will blame Wenger for not buying him and perhaps Cech knows what he is doing by reigniting this old story during our goalkeeping crisis.
But it is good to remember that Chelsea´s money did over-inflate the transfer market for a while just like Manchester City´s money is currently doing.