Sure, Chelsea are strengthening very well.
But what about the Champions of England
+ a world class centre-back
+ a world class defensive midfielder
+ a high quality right-back
+ (we hope and pray) key players like Aguero/Silva/VK and emerging players like Jovetic/Nastasic not missing huge spells of the season (of course there will be injuries but last year was freakish, only Arsenal were worse off)
+ a manager who will have learned many things after a dodgy settling in period where we dropped points to much of the bottom half away?
Don't write us off. Even with Chelsea's improvements, if we just land that one centre-back and the third top drawer CM (Fernando) we we'll still be favourites IMO.