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Actually, Vialli left that club in a state. They had a midfield whose average age was 36, and while they played nice football, they didn't ever look like threatening to win the league. Vialli spent a load of money, and delivered relatively little for it. Ranieri took over a team which had...

He has enough money that he can buy success, but not enough sence to buy well. Top it off with woeful tactics, and you have a recipe for the eternal 'Underachieving Big Club'

Not really. With the way the English media works, the whole "Roonaldo" thing could get out of hand. I'm sure there are visions of Gascoigne dancing in Moyes' head.

Chelsea

What's wrong with Ranieri? I don't know much about his time in Italy, but in England, he came in and stabilised a Chelsea team which had up to then been known as inconsistant and underperforming. With almost no money, he rebuilt a seriously ageing squad. Now he has bucket-loads of money...