In the past two years Chelsea spent 200 million pounds on their players. They are one of the big favourites, but they are disapointing and I think that we are more of a threat then Chelsea is.
Look at their performance thus far. In the first game against Manchester they only win by 1-0. Manchester didn't have 10 players and still they gave them a hard time.
Now on to their performance today. They played Birm'ham and scored only one goal which was scored in the 60th some minute. The game should had been a tie, and it seems that the players they payed so much for (Drogba and Kezman) aren't doing all that well, they haven't even scored in the Premiership.
Arsenal is a bigger threat to us then Chelsea and we are a bigger threat to Arsenal then Chelsea is. Look at our midfield, its solid. Alonso,Gerrard,Garcia and Kewell. Seriously we probably have the best midfield in the Premiership. Our defence isn't bad at all, Josemi, Carragher,Riise and Hyypia are all playing great (not counting Finnan).
Baros finaly scored and both Baros and Ciise can only get better. I am very optimistic about this season, Chelsea beware of the mighty Reds.