You can't just freeze the entire club. It would cease to exist as players and staff couldn't be paid. Maybe they'd have a transfer embargo again and all funds from this point would have to be generated from within the club. No more outside funding but they won't just close Chelsea down.
Personally I don't think he will face sanctions. I think he's gonna sit tight and wait it out.
comment by HB Fash (U21935)
posted 1 hour, 2 minutes ago
He's right though.
He's bailing out because he's involved, so he must not be allowed to sell Chelsea, it has to be frozen.
----------------------------------------------------------------------
Of course it does. I doubt any sensible buyer would touch it with a bargepole, knowing they would be tainted with dirty Russian money. Abramovich is just trying to do a runner.
comment by fridgeboy (U1053)
posted 16 minutes ago
You can't just freeze the entire club. It would cease to exist as players and staff couldn't be paid. Maybe they'd have a transfer embargo again and all funds from this point would have to be generated from within the club. No more outside funding but they won't just close Chelsea down.
Personally I don't think he will face sanctions. I think he's gonna sit tight and wait it out.
----------------------------------------------------------------------
|if it ceases to exist, then so be it, the whole club is tainted anyway, has been from the off, being allowed to run with what was basically money stolen from the Russian people. I was astonished when he was originally allowed to just walk into Britain with his money, and launder it through Chelsea. Some from the Prem should be also held to account for allowing it to happen in the first place.
comment by fridgeboy (U1053)
posted 19 minutes ago
You can't just freeze the entire club. It would cease to exist as players and staff couldn't be paid. Maybe they'd have a transfer embargo again and all funds from this point would have to be generated from within the club. No more outside funding but they won't just close Chelsea down.
Personally I don't think he will face sanctions. I think he's gonna sit tight and wait it out.
----------------------------------------------------------------------
He won`t be allowed to just sit tight. To many questions now being asked of the Oligarchs, so there is no hiding place for them. It is unthinkable that whilst Ukraine is being absolutely pounded, a Russian Oligarch can be owning a British Prem football club, and still being allowed to continue, as if nothing as happened.
They are coming after Abramovich, and rightly so. If Chelsea are a casualty then so be it.
Chelsea fans bleating about how this is not about Chelsea, and their "wonderful" chairman is a nice guy, cuts absolutely no ice with the greater population.
Abramovich was specifically mentioned at least three times in today's PM questions, including the leader of the opposition asking Boris directly if he was going to get ride of him. So trust me he and his money will be gone sooner rather than later.
If this is not about a football club, fair enough, but every trophy won with his dirty money should be scratched from the record books, and awarded to the team who they either beat in a final or who came second when they won a league title. If not, this stain will last forever in English football.
The government is allowing them to sell or transfer there stuff before they introduce sanctions, they owe them favours after all
comment by SteveF (U22027)
posted 56 minutes ago
Chelsea fans bleating about how this is not about Chelsea, and their "wonderful" chairman is a nice guy, cuts absolutely no ice with the greater population.
Abramovich was specifically mentioned at least three times in today's PM questions, including the leader of the opposition asking Boris directly if he was going to get ride of him. So trust me he and his money will be gone sooner rather than later.
If this is not about a football club, fair enough, but every trophy won with his dirty money should be scratched from the record books, and awarded to the team who they either beat in a final or who came second when they won a league title. If not, this stain will last forever in English football.
----------------------------------------------------------------------
Sweet idea, we gain a title and a League Cup under Poch
comment by SteveF (U22027)
posted 2 hours, 10 minutes ago
Chelsea fans bleating about how this is not about Chelsea, and their "wonderful" chairman is a nice guy, cuts absolutely no ice with the greater population.
Abramovich was specifically mentioned at least three times in today's PM questions, including the leader of the opposition asking Boris directly if he was going to get ride of him. So trust me he and his money will be gone sooner rather than later.
If this is not about a football club, fair enough, but every trophy won with his dirty money should be scratched from the record books, and awarded to the team who they either beat in a final or who came second when they won a league title. If not, this stain will last forever in English football.
----------------------------------------------------------------------
3 times Boris was asked today, he mentioned him once as well. Still no action as yet so either there is no case to answer or they are still building their case. If its taking this long, and I believe over 200 have been sanctioned so far, then clearly its not as cut and dried as some like to think, especially given the high profile of the guy despite the fact he shuns publicity.
I don't think it's a case of it being cut and dry, I think it's more a case of Boris being spineless and not wanting to do anything that will publicly upset a large number of people.
I think that Sandy is obviously taking his stance because he hates Chelsea and I think him saying he'd have been against having him at Spurs from the start is disingenuous, but I do think he has somewhat of a point.
If he's culpable to the point that he's selling up before his assets can be frozen, then why should he be allowed to sell and get out of this essentially unscathed?
The Tories love a bit of Russian money, I'm sure he'll be afforded the time he needs.
https://www.chelseafc.com/en/news/2022/03/02/statement-from-roman-abramovich?utm_source=tw&utm_medium=orgsoc&utm_campaign=none
actual statement
If you look at the purchase of City CFC and NUFC by their current owners and that of PSG, all were bought for a few hundred million and there is clear scope to make back any investment through the increase in capital value. What are CFC worth now, £2bn? £2.5bn? More? Whatever it is the owner will make a profit if he sells at close to market value.
The question is how a new owner would operate? There is value to be achieved from CFC but its marginal...they have strong sponsorship, they are successful and in the UCL, there are not too many other areas they can push their revenues, which is what will increase the value of the club.
So unlike these big owners, if you spend £1bn, £1.5bn , there is no guarantee you'll get it back through profits or capital gain.
Will be interesting to see who buys it and how the operate. They will not be getting a bargain with potential for real growth, it's the finished product.
comment by Devonshirespur (U6316)
posted 4 minutes ago
If you look at the purchase of City CFC and NUFC by their current owners and that of PSG, all were bought for a few hundred million and there is clear scope to make back any investment through the increase in capital value. What are CFC worth now, £2bn? £2.5bn? More? Whatever it is the owner will make a profit if he sells at close to market value.
The question is how a new owner would operate? There is value to be achieved from CFC but its marginal...they have strong sponsorship, they are successful and in the UCL, there are not too many other areas they can push their revenues, which is what will increase the value of the club.
So unlike these big owners, if you spend £1bn, £1.5bn , there is no guarantee you'll get it back through profits or capital gain.
Will be interesting to see who buys it and how the operate. They will not be getting a bargain with potential for real growth, it's the finished product.
----------------------------------------------------------------------
True. It is going take some foolish billionaire to buy the club. With him annoucing the sale he is asking to be low balled.
Only reason Roman writing the 1.5 billy off is cos he knows he couldn't reclaim in anyway 😂
All his efforts will be spent on trying to find a way to sell the club and receive the $. Writing off the debt isnt something I think was even an option so the idea of it being spun as him being nice is kinda funny.
He is not writing the debt off though. "net proceeds of profits" is the key phrase here. He will want his money back. ie the loan.
comment by LukaBrasi COYS (U22178)
posted 29 minutes ago
He is not writing the debt off though. "net proceeds of profits" is the key phrase here. He will want his money back. ie the loan.
----------------------------------------------------------------------
He said he will write his loan off, which is 1.5b, but I'm guessing he will want the purchase price. How he intends to receive those funds is what will interest me.
comment by FootyMcfootfoot (U21853)
posted 2 hours, 51 minutes ago
comment by LukaBrasi COYS (U22178)
posted 29 minutes ago
He is not writing the debt off though. "net proceeds of profits" is the key phrase here. He will want his money back. ie the loan.
----------------------------------------------------------------------
He said he will write his loan off, which is 1.5b, but I'm guessing he will want the purchase price. How he intends to receive those funds is what will interest me.
----------------------------------------------------------------------
Do you remember what the purchase price was?
............and he could give every penny to Daniel Levy to buy new players and we would still only come second.
He should sell to Mike Ashley
May I present President Bitter
https://www.ja606.co.uk/articles/viewArticle/442926
Man Utd are a tale of caution. The Glazers are one of the few to buy a club for big money and even then i think it was 'only' £800m, 75% of which they borrowed against the clubs future revenues.
The only significant expansion any investor can gain from CFC is through the stadium and thats a £1-1.5bn project.
It is effectively a fire sale, he is an unwilling seller being forced to sell and any buyer recognise this and drive a hard bargain.
comment by HB Fash (U21935)
posted 1 day, 5 hours ago
He's right though.
He's bailing out because he's involved, so he must not be allowed to sell Chelsea, it has to be frozen.
----------------------------------------------------------------------
hes an israeli citizen so why
comment by vavarising (U21731)
posted 19 minutes ago
comment by HB Fash (U21935)
posted 1 day, 5 hours ago
He's right though.
He's bailing out because he's involved, so he must not be allowed to sell Chelsea, it has to be frozen.
----------------------------------------------------------------------
hes an israeli citizen so why
----------------------------------------------------------------------
And probably has no money in Russian banks
Sign in if you want to comment
Abramovich selling up....
Page 2 of 2
posted on 2/3/22
You can't just freeze the entire club. It would cease to exist as players and staff couldn't be paid. Maybe they'd have a transfer embargo again and all funds from this point would have to be generated from within the club. No more outside funding but they won't just close Chelsea down.
Personally I don't think he will face sanctions. I think he's gonna sit tight and wait it out.
posted on 2/3/22
comment by HB Fash (U21935)
posted 1 hour, 2 minutes ago
He's right though.
He's bailing out because he's involved, so he must not be allowed to sell Chelsea, it has to be frozen.
----------------------------------------------------------------------
Of course it does. I doubt any sensible buyer would touch it with a bargepole, knowing they would be tainted with dirty Russian money. Abramovich is just trying to do a runner.
posted on 2/3/22
comment by fridgeboy (U1053)
posted 16 minutes ago
You can't just freeze the entire club. It would cease to exist as players and staff couldn't be paid. Maybe they'd have a transfer embargo again and all funds from this point would have to be generated from within the club. No more outside funding but they won't just close Chelsea down.
Personally I don't think he will face sanctions. I think he's gonna sit tight and wait it out.
----------------------------------------------------------------------
|if it ceases to exist, then so be it, the whole club is tainted anyway, has been from the off, being allowed to run with what was basically money stolen from the Russian people. I was astonished when he was originally allowed to just walk into Britain with his money, and launder it through Chelsea. Some from the Prem should be also held to account for allowing it to happen in the first place.
posted on 2/3/22
comment by fridgeboy (U1053)
posted 19 minutes ago
You can't just freeze the entire club. It would cease to exist as players and staff couldn't be paid. Maybe they'd have a transfer embargo again and all funds from this point would have to be generated from within the club. No more outside funding but they won't just close Chelsea down.
Personally I don't think he will face sanctions. I think he's gonna sit tight and wait it out.
----------------------------------------------------------------------
He won`t be allowed to just sit tight. To many questions now being asked of the Oligarchs, so there is no hiding place for them. It is unthinkable that whilst Ukraine is being absolutely pounded, a Russian Oligarch can be owning a British Prem football club, and still being allowed to continue, as if nothing as happened.
They are coming after Abramovich, and rightly so. If Chelsea are a casualty then so be it.
posted on 2/3/22
Chelsea fans bleating about how this is not about Chelsea, and their "wonderful" chairman is a nice guy, cuts absolutely no ice with the greater population.
Abramovich was specifically mentioned at least three times in today's PM questions, including the leader of the opposition asking Boris directly if he was going to get ride of him. So trust me he and his money will be gone sooner rather than later.
If this is not about a football club, fair enough, but every trophy won with his dirty money should be scratched from the record books, and awarded to the team who they either beat in a final or who came second when they won a league title. If not, this stain will last forever in English football.
posted on 2/3/22
The government is allowing them to sell or transfer there stuff before they introduce sanctions, they owe them favours after all
posted on 2/3/22
comment by SteveF (U22027)
posted 56 minutes ago
Chelsea fans bleating about how this is not about Chelsea, and their "wonderful" chairman is a nice guy, cuts absolutely no ice with the greater population.
Abramovich was specifically mentioned at least three times in today's PM questions, including the leader of the opposition asking Boris directly if he was going to get ride of him. So trust me he and his money will be gone sooner rather than later.
If this is not about a football club, fair enough, but every trophy won with his dirty money should be scratched from the record books, and awarded to the team who they either beat in a final or who came second when they won a league title. If not, this stain will last forever in English football.
----------------------------------------------------------------------
Sweet idea, we gain a title and a League Cup under Poch
posted on 2/3/22
comment by SteveF (U22027)
posted 2 hours, 10 minutes ago
Chelsea fans bleating about how this is not about Chelsea, and their "wonderful" chairman is a nice guy, cuts absolutely no ice with the greater population.
Abramovich was specifically mentioned at least three times in today's PM questions, including the leader of the opposition asking Boris directly if he was going to get ride of him. So trust me he and his money will be gone sooner rather than later.
If this is not about a football club, fair enough, but every trophy won with his dirty money should be scratched from the record books, and awarded to the team who they either beat in a final or who came second when they won a league title. If not, this stain will last forever in English football.
----------------------------------------------------------------------
3 times Boris was asked today, he mentioned him once as well. Still no action as yet so either there is no case to answer or they are still building their case. If its taking this long, and I believe over 200 have been sanctioned so far, then clearly its not as cut and dried as some like to think, especially given the high profile of the guy despite the fact he shuns publicity.
posted on 2/3/22
I don't think it's a case of it being cut and dry, I think it's more a case of Boris being spineless and not wanting to do anything that will publicly upset a large number of people.
I think that Sandy is obviously taking his stance because he hates Chelsea and I think him saying he'd have been against having him at Spurs from the start is disingenuous, but I do think he has somewhat of a point.
If he's culpable to the point that he's selling up before his assets can be frozen, then why should he be allowed to sell and get out of this essentially unscathed?
posted on 2/3/22
The Tories love a bit of Russian money, I'm sure he'll be afforded the time he needs.
posted on 2/3/22
https://www.chelseafc.com/en/news/2022/03/02/statement-from-roman-abramovich?utm_source=tw&utm_medium=orgsoc&utm_campaign=none
actual statement
posted on 2/3/22
If you look at the purchase of City CFC and NUFC by their current owners and that of PSG, all were bought for a few hundred million and there is clear scope to make back any investment through the increase in capital value. What are CFC worth now, £2bn? £2.5bn? More? Whatever it is the owner will make a profit if he sells at close to market value.
The question is how a new owner would operate? There is value to be achieved from CFC but its marginal...they have strong sponsorship, they are successful and in the UCL, there are not too many other areas they can push their revenues, which is what will increase the value of the club.
So unlike these big owners, if you spend £1bn, £1.5bn , there is no guarantee you'll get it back through profits or capital gain.
Will be interesting to see who buys it and how the operate. They will not be getting a bargain with potential for real growth, it's the finished product.
posted on 2/3/22
comment by Devonshirespur (U6316)
posted 4 minutes ago
If you look at the purchase of City CFC and NUFC by their current owners and that of PSG, all were bought for a few hundred million and there is clear scope to make back any investment through the increase in capital value. What are CFC worth now, £2bn? £2.5bn? More? Whatever it is the owner will make a profit if he sells at close to market value.
The question is how a new owner would operate? There is value to be achieved from CFC but its marginal...they have strong sponsorship, they are successful and in the UCL, there are not too many other areas they can push their revenues, which is what will increase the value of the club.
So unlike these big owners, if you spend £1bn, £1.5bn , there is no guarantee you'll get it back through profits or capital gain.
Will be interesting to see who buys it and how the operate. They will not be getting a bargain with potential for real growth, it's the finished product.
----------------------------------------------------------------------
True. It is going take some foolish billionaire to buy the club. With him annoucing the sale he is asking to be low balled.
posted on 2/3/22
Only reason Roman writing the 1.5 billy off is cos he knows he couldn't reclaim in anyway 😂
All his efforts will be spent on trying to find a way to sell the club and receive the $. Writing off the debt isnt something I think was even an option so the idea of it being spun as him being nice is kinda funny.
posted on 2/3/22
He is not writing the debt off though. "net proceeds of profits" is the key phrase here. He will want his money back. ie the loan.
posted on 2/3/22
comment by LukaBrasi COYS (U22178)
posted 29 minutes ago
He is not writing the debt off though. "net proceeds of profits" is the key phrase here. He will want his money back. ie the loan.
----------------------------------------------------------------------
He said he will write his loan off, which is 1.5b, but I'm guessing he will want the purchase price. How he intends to receive those funds is what will interest me.
posted on 2/3/22
comment by FootyMcfootfoot (U21853)
posted 2 hours, 51 minutes ago
comment by LukaBrasi COYS (U22178)
posted 29 minutes ago
He is not writing the debt off though. "net proceeds of profits" is the key phrase here. He will want his money back. ie the loan.
----------------------------------------------------------------------
He said he will write his loan off, which is 1.5b, but I'm guessing he will want the purchase price. How he intends to receive those funds is what will interest me.
----------------------------------------------------------------------
Do you remember what the purchase price was?
posted on 2/3/22
............and he could give every penny to Daniel Levy to buy new players and we would still only come second.
posted on 3/3/22
He should sell to Mike Ashley
posted on 3/3/22
May I present President Bitter
https://www.ja606.co.uk/articles/viewArticle/442926
posted on 3/3/22
Man Utd are a tale of caution. The Glazers are one of the few to buy a club for big money and even then i think it was 'only' £800m, 75% of which they borrowed against the clubs future revenues.
The only significant expansion any investor can gain from CFC is through the stadium and thats a £1-1.5bn project.
It is effectively a fire sale, he is an unwilling seller being forced to sell and any buyer recognise this and drive a hard bargain.
posted on 3/3/22
comment by HB Fash (U21935)
posted 1 day, 5 hours ago
He's right though.
He's bailing out because he's involved, so he must not be allowed to sell Chelsea, it has to be frozen.
----------------------------------------------------------------------
hes an israeli citizen so why
posted on 3/3/22
comment by vavarising (U21731)
posted 19 minutes ago
comment by HB Fash (U21935)
posted 1 day, 5 hours ago
He's right though.
He's bailing out because he's involved, so he must not be allowed to sell Chelsea, it has to be frozen.
----------------------------------------------------------------------
hes an israeli citizen so why
----------------------------------------------------------------------
And probably has no money in Russian banks
Page 2 of 2