Roo1976 Posted 25 February, 2022 Share Posted 25 February, 2022 As the title suggests could the premier league seize Chelseas financial clout?, this could be a possibility as the government want to seize Russian finances. Link to comment Share on other sites More sharing options...
coalman Posted 25 February, 2022 Share Posted 25 February, 2022 Tough to do that. Chelsea owes Abramovich $2billion. https://www.forbes.com/sites/daviddawkins/2022/02/24/roman-abramovich-has-sanction-insurance-a-2-billion-loan-to-chelsea-fc/ 1 Link to comment Share on other sites More sharing options...
East Kent Saint Posted 26 February, 2022 Share Posted 26 February, 2022 https://www.bbc.co.uk/sport/football/60533378 Tuchel a bit unsure 1 Link to comment Share on other sites More sharing options...
Jimmy_D Posted 26 February, 2022 Share Posted 26 February, 2022 It’s not just Chelsea. The funds behind Everton seem to be in danger of being affected by sanctions. Also to a lesser extent Newcastle, that’s probably just down to PIF having a wide portfolio of investments, something was probably going to be hit. Link to comment Share on other sites More sharing options...
Ted Bates Statue Posted 26 February, 2022 Share Posted 26 February, 2022 Abramovich stepping away from Chelsea, I did not expect that to happen. Don't know too much about their finances but guessing there has been a fair bit of work in recent years to make them self-funding. No new stadium though... Link to comment Share on other sites More sharing options...
Suhari Posted 26 February, 2022 Share Posted 26 February, 2022 2 minutes ago, Ted Bates Statue said: Abramovich stepping away from Chelsea, I did not expect that to happen. Don't know too much about their finances but guessing there has been a fair bit of work in recent years to make them self-funding. No new stadium though... Interesting. Wonder what this means for their spending power? Selfishly..... does it make signing Broja more, or less likely. 3 Link to comment Share on other sites More sharing options...
Jimmy_D Posted 26 February, 2022 Share Posted 26 February, 2022 9 minutes ago, Ted Bates Statue said: Abramovich stepping away from Chelsea, I did not expect that to happen. Don't know too much about their finances but guessing there has been a fair bit of work in recent years to make them self-funding. No new stadium though... Roman Abramovich gives trustees Chelsea 'stewardship' - BBC Sport Link to comment Share on other sites More sharing options...
S-Clarke Posted 26 February, 2022 Share Posted 26 February, 2022 (edited) I think this is step 1 of removing his involvement, he's got to try and sell it now. Not sure how easy that will be though, so it could put Chelsea in a very, very tricky position for a couple of years. Broja is probably going to be needed by them. Edited 26 February, 2022 by S-Clarke Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 26 February, 2022 Share Posted 26 February, 2022 20 hours ago, coalman said: Tough to do that. Chelsea owes Abramovich $2billion. https://www.forbes.com/sites/daviddawkins/2022/02/24/roman-abramovich-has-sanction-insurance-a-2-billion-loan-to-chelsea-fc/ Presumably he's wiping that debt if he's giving control to the charity as they simply won't have the funds to cover that much debt and would have to call in administrators as soon as they took control 🤷♀️ Link to comment Share on other sites More sharing options...
The Kraken Posted 26 February, 2022 Share Posted 26 February, 2022 1 minute ago, Weston Super Saint said: Presumably he's wiping that debt if he's giving control to the charity as they simply won't have the funds to cover that much debt and would have to call in administrators as soon as they took control 🤷♀️ It’s just a media exercise. Abramovic hasn’t been hands on at Chelsea for some time now. He’s not giving away his ownership, he’s just distancing himself from the running of the club. I suspect in all,other ways it’s business as usual. 2 Link to comment Share on other sites More sharing options...
Sarisbury Saint Posted 26 February, 2022 Share Posted 26 February, 2022 9 minutes ago, S-Clarke said: I think this is step 1 of removing his involvement, he's got to try and sell it now. Not sure how easy that will be though, so it could put Chelsea in a very, very tricky position for a couple of years. Broja is probably going to be needed by them. Puts the buyer in a better bargaining position. Link to comment Share on other sites More sharing options...
Turkish Posted 26 February, 2022 Share Posted 26 February, 2022 55 minutes ago, S-Clarke said: I think this is step 1 of removing his involvement, he's got to try and sell it now. Not sure how easy that will be though, so it could put Chelsea in a very, very tricky position for a couple of years. Broja is probably going to be needed by them. Or maybe they’ll need to sell him to generate funds for new signings at the level they need right now…… Link to comment Share on other sites More sharing options...
East Kent Saint Posted 27 February, 2022 Share Posted 27 February, 2022 Nothing will change at Chelsea , the move is just to stop the Govt seizing Abramovich's assets due to his links to Putin . Last I heard he didn't have a visa to enter UK 1 Link to comment Share on other sites More sharing options...
rooney Posted 27 February, 2022 Share Posted 27 February, 2022 17 minutes ago, East Kent Saint said: Nothing will change at Chelsea , the move is just to stop the Govt seizing Abramovich's assets due to his links to Putin . Last I heard he didn't have a visa to enter UK I d not think he is giving his assets to the charitable Trust from what I have read in the media so far, simply the management of the club. Link to comment Share on other sites More sharing options...
coalman Posted 27 February, 2022 Share Posted 27 February, 2022 2 hours ago, rooney said: I d not think he is giving his assets to the charitable Trust from what I have read in the media so far, simply the management of the club. Yup. It's almost like our government's slow response is giving the oligarchs who fund them time to make arrangements to stop their assets being seized or frozen. 1 Link to comment Share on other sites More sharing options...
TWar Posted 27 February, 2022 Share Posted 27 February, 2022 Meaningless stuff from Chelsea. He didn't have any real role in running Chelsea anyway, now he just officially won't have any role in running them. He still owns them and they have a massive debt to him, its all just for show. 1 Link to comment Share on other sites More sharing options...
Secret Site Agent Posted 27 February, 2022 Share Posted 27 February, 2022 (edited) On 27/02/2022 at 09:32, TWar said: Meaningless stuff from Chelsea. He didn't have any real role in running Chelsea anyway, now he just officially won't have any role in running them. He still owns them and they have a massive debt to him, its all just for show. I agree. This is simply a paperwork exercise to keep it out of Government hands. It'll be just as easy to give it back either after the Ukrainian crises is over or he becomes one of our new overlords. Edited 28 February, 2022 by Secret Site Agent Link to comment Share on other sites More sharing options...
Dellman Posted 27 February, 2022 Share Posted 27 February, 2022 5 hours ago, East Kent Saint said: Nothing will change at Chelsea , the move is just to stop the Govt seizing Abramovich's assets due to his links to Putin . Last I heard he didn't have a visa to enter UK I think he does, as a Jew he claimed Israeli citizenship and that meant no visa required. That's the last I heard. It happened when UK govt began checking how the ultra rich had made their money and tried to refuse him entry. He took Israeli citizenship and that gave him entry. That's my memory. Link to comment Share on other sites More sharing options...
rallyboy Posted 27 February, 2022 Share Posted 27 February, 2022 Nothing has changed, this vague handover of control is irrelevant. Chelsea is still his asset, if the UK had the balls to seize it and freeze the cash he has tied up in London, that might get the attention of him and his mate Putin. 1 Link to comment Share on other sites More sharing options...
Micky Posted 27 February, 2022 Share Posted 27 February, 2022 All flannel. Let's be honest, the government are not going to seize any Chelsea assets, and we all know that the Premiere League couldn't give two hoots about where its money comes from, so long as it continues to flow. Knowing what 'the right thing to do' is, and actually doing it, are two very different things. 1 Link to comment Share on other sites More sharing options...
East Kent Saint Posted 28 February, 2022 Share Posted 28 February, 2022 13 hours ago, Dellman said: I think he does, as a Jew he claimed Israeli citizenship and that meant no visa required. That's the last I heard. It happened when UK govt began checking how the ultra rich had made their money and tried to refuse him entry. He took Israeli citizenship and that gave him entry. That's my memory. Yes , apparently he popped over last October as a visitor on that basis (Google) It sounds like he let his business visa lapse when the Govt were chasing russian dodgy money last time . Link to comment Share on other sites More sharing options...
rooney Posted 28 February, 2022 Share Posted 28 February, 2022 There is some doubt now if the Charitable Foundation wish to run the club. DT says they are taking legal advice. Link to comment Share on other sites More sharing options...
Ex Lion Tamer Posted 28 February, 2022 Share Posted 28 February, 2022 1 hour ago, rooney said: There is some doubt now if the Charitable Foundation wish to run the club. DT says they are taking legal advice. A charity can't just start running a private business. The trustees could separately get together and form a board to run the business, but they might be seen as having a conflict of interest Link to comment Share on other sites More sharing options...
Verbal Posted 1 March, 2022 Share Posted 1 March, 2022 On 27/02/2022 at 09:32, TWar said: Meaningless stuff from Chelsea. He didn't have any real role in running Chelsea anyway, now he just officially won't have any role in running them. He still owns them and they have a massive debt to him, its all just for show. True, but there are serious implications for some people, especially the trustees of the Chelsea Foundation. The terms of their registration with the Charity Commission would not have included running a premier league club - least of all one that owes a billion and a half or more to the owner. Charity trustees have personal liability - they are not protected by the limited liability you get in private or public limited companies. A Chelsea trustee with any sense should resign now 1 Link to comment Share on other sites More sharing options...
eurosaint Posted 1 March, 2022 Share Posted 1 March, 2022 8 minutes ago, Verbal said: True, but there are serious implications for some people, especially the trustees of the Chelsea Foundation. The terms of their registration with the Charity Commission would not have included running a premier league club - least of all one that owes a billion and a half or more to the owner. Charity trustees have personal liability - they are not protected by the limited liability you get in private or public limited companies. A Chelsea trustee with any sense should resign now I am a trustee director of a local charity with funding circa £300k so am aware of the obligations required ! Obviously Chelski is a totally different ballgame but if similar rules apply, I wouldn’t touch it with a bargepole.. Risky business if you don’t have your wits about you…. 1 Link to comment Share on other sites More sharing options...
tajjuk Posted 2 March, 2022 Share Posted 2 March, 2022 I think they have been running on a sell to buy path anyway, the transfer ban and them having horded so many players has put them into a good position financially to spend. Like Lukaku was basically bought with sales, they recouped more than £100 million on academy graduates last year. The main issue they have I think is contracts, with Rudiger, Christensen and Azpilicueta out of contract in the summer , which is basically most of their defence, leaving a soon to be 37 Thiago Silva. Link to comment Share on other sites More sharing options...
Turkish Posted 2 March, 2022 Share Posted 2 March, 2022 Everton could be in a spot of bother as well 1 Link to comment Share on other sites More sharing options...
East Kent Saint Posted 2 March, 2022 Share Posted 2 March, 2022 Today it is reported that Abromavich is selling his properties in London and Chelsea is also for sale ! Link to comment Share on other sites More sharing options...
JRM Posted 2 March, 2022 Share Posted 2 March, 2022 23 minutes ago, East Kent Saint said: Today it is reported that Abromavich is selling his properties in London and Chelsea is also for sale ! He'll have to write off a lot of that debt to secure a sale I think but they'll be attractive to buy, world club champions located in a prime London location Link to comment Share on other sites More sharing options...
Lighthouse Posted 2 March, 2022 Share Posted 2 March, 2022 1 hour ago, East Kent Saint said: Today it is reported that Abromavich is selling his properties in London and Chelsea is also for sale ! How much? I've been thinking of moving up the ladder. 1 1 Link to comment Share on other sites More sharing options...
richardc Posted 2 March, 2022 Share Posted 2 March, 2022 Chelsea could look to sell Albania forward Armando Broja, 20, and English midfielder Faustino Anjorin, 20, to help fund transfers this summer. (Evening Standard) Link to comment Share on other sites More sharing options...
AlexLaw76 Posted 2 March, 2022 Share Posted 2 March, 2022 25 minutes ago, richardc said: Chelsea could look to sell Albania forward Armando Broja, 20, and English midfielder Faustino Anjorin, 20, to help fund transfers this summer. (Evening Standard) Flirting with us I see Link to comment Share on other sites More sharing options...
CB Fry Posted 2 March, 2022 Share Posted 2 March, 2022 1 hour ago, Lighthouse said: How much? I've been thinking of moving up the ladder. Don't commit to anything until Dion Dublin has had a look round. 1 3 Link to comment Share on other sites More sharing options...
Klaus Schwab Posted 2 March, 2022 Share Posted 2 March, 2022 1 hour ago, Lighthouse said: How much? I've been thinking of moving up the ladder. Chump change. It’s only £150 (ish) million Link to comment Share on other sites More sharing options...
Turkish Posted 2 March, 2022 Share Posted 2 March, 2022 Everton have suspended all sponsorship deal activities with 3 Russian partners Link to comment Share on other sites More sharing options...
Lighthouse Posted 2 March, 2022 Share Posted 2 March, 2022 38 minutes ago, CB Fry said: Don't commit to anything until Dion Dublin has had a look round. I think the legal pack could be a bit meaty with this one. Link to comment Share on other sites More sharing options...
East Kent Saint Posted 2 March, 2022 Share Posted 2 March, 2022 (edited) 2 hours ago, Lighthouse said: How much? I've been thinking of moving up the ladder. £20 M for the flat , a lot more for the mansion ! Edited 2 March, 2022 by East Kent Saint Link to comment Share on other sites More sharing options...
JRM Posted 2 March, 2022 Share Posted 2 March, 2022 11 minutes ago, Turkish said: Everton have suspended all sponsorship deal activities with 3 Russian partners That could be brilliant timing, losing income whilst getting relegated and having a new stadium just underway with bills to pay on that. 1 1 Link to comment Share on other sites More sharing options...
woodsaint1 Posted 2 March, 2022 Share Posted 2 March, 2022 Get a 20m bid for Broja thrown in there to see if Roman wants to recoup any of his losses before he leaves Link to comment Share on other sites More sharing options...
Wade Garrett Posted 2 March, 2022 Share Posted 2 March, 2022 If the Chelsea charity is a CIO the trustees are liable for a maximum of £1 each. Link to comment Share on other sites More sharing options...
East Kent Saint Posted 2 March, 2022 Share Posted 2 March, 2022 I see Boris is claiming to be THE world leader advocating sanctions despite dragging his heals because so many bent rich Russians fund the tory party , pay to play tennis with Boris , have been appointed to advisory groups to this govt etc . Abromvich will get off scott free guaranteed . What a wanker 🤨 2 Link to comment Share on other sites More sharing options...
coalman Posted 2 March, 2022 Share Posted 2 March, 2022 33 minutes ago, East Kent Saint said: I see Boris is claiming to be THE world leader advocating sanctions despite dragging his heals because so many bent rich Russians fund the tory party , pay to play tennis with Boris , have been appointed to advisory groups to this govt etc . Abromvich will get off scott free guaranteed . What a wanker 🤨 "No one could have foreseen him selling his assets and it was vital we followed due process" Which doesn't compare favourably with "we'll hit them with sanctions as soon as one russian toe crosses the border". At least we have Top Gun Truss... Link to comment Share on other sites More sharing options...
Saint Garrett Posted 2 March, 2022 Share Posted 2 March, 2022 So, he’s confirmed hes selling… Link to comment Share on other sites More sharing options...
coalman Posted 2 March, 2022 Share Posted 2 March, 2022 1 minute ago, Saint Garrett said: So, he’s confirmed hes selling… Better get a move on. Boris is imposing sanctions any year now 3 Link to comment Share on other sites More sharing options...
East Kent Saint Posted 2 March, 2022 Share Posted 2 March, 2022 8 hours ago, East Kent Saint said: Today it is reported that Abromavich is selling his properties in London and Chelsea is also for sale ! https://www.bbc.co.uk/sport/football/60585081 You heard it here first Ha Ha ! Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 3 March, 2022 Share Posted 3 March, 2022 I was surprised to hear that Chelsea have made a loss of £900m over Abramovic’s tenure. Link to comment Share on other sites More sharing options...
Holmes_and_Watson Posted 3 March, 2022 Share Posted 3 March, 2022 Abramovic always has Amanda Staveley to offer support " "We're always going to have geopolitical issues. I'm really sad that someone is going to have a football club taken away because of a relationship he may have with someone." Not talking about anything closer to home there. 1 Link to comment Share on other sites More sharing options...
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