Roman Abramovich plans to sell Chelsea | SOLD for £4.25BN

TheReligion said:
This news is a big worry I agree. I obviously don’t want Chelsea to be battered or even subject to penalties next year (points deductions or relegation). Do you really think it could threaten the clubs actual existence?

Scary stuff. This was meant to be a quick sale. It’s not happened. You now have players leaving like Rudiger and Christensen with others likely concerned themselves.
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It could obviously affect the clubs existence, but i dont think it'll happen. Some of it is sensationalist, the same way we'd have to take buses to every game and couldnt afford to go abroad, we'd go bust within X amount of weeks, couldn't wear 3 on our shirts anymore.... A lot of it was just so overboard IMO. There is still 4 weeks to go, and we have a preferred bidder, but i'd not be surprised if Abramovich himself would choose Sir Jim
 
ZolaWasMagic said:
It could obviously affect the clubs existence, but i dont think it'll happen. Some of it is sensationalist, the same way we'd have to take buses to every game and couldnt afford to go abroad, we'd go bust within X amount of weeks, couldn't wear 3 on our shirts anymore.... A lot of it was just so overboard IMO. There is still 4 weeks to go, and we have a preferred bidder, but i'd not be surprised if Abramovich himself would choose Sir Jim
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Let’s hope so. That said it was meant to be a quick sale with RA doing everything to get it through early for the club to reduce the impact of sanctions. Instead it’s going to go down to the wire and it seems he’s not particularly keen on writing off the money he said he would.

It’s all up in the air seemingly which is a worry when by now it should all be ready for completion you’d imagine?
 
ZolaWasMagic said:
It could obviously affect the clubs existence, but i dont think it'll happen. Some of it is sensationalist, the same way we'd have to take buses to every game and couldnt afford to go abroad, we'd go bust within X amount of weeks, couldn't wear 3 on our shirts anymore.... A lot of it was just so overboard IMO. There is still 4 weeks to go, and we have a preferred bidder, but i'd not be surprised if Abramovich himself would choose Sir Jim
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It is up to Roman and Johnson in the end. The asset is frozen but still under Roman's ownership and control. The UK government cannot easily force through the sale without Roman agreeing to the terms and if he wants to fight to be paid back then either the UK government will have to agree (which seems a huge violation of the sanctions regime itself, since one of the principles of the regime is that the owner cannot benefit in any way from the asset while it is frozen) or the process will get drawn out in legal wrangling.
 
TheReligion said:
Let’s hope so. That said it was meant to be a quick sale with RA doing everything to get it through early for the club to reduce the impact of sanctions. Instead it’s going to go down to the wire and it seems he’s not particularly keen on writing off the money he said he would.

It’s all up in the air seemingly which is a worry when by now it should all be ready for completion you’d imagine?
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If you read this thread by Rob Draper it almost smacks of Roman now wanting Jim, and this last minute bid has thrown a right wrench into the works, if not for Ratcliffe's late bid, i think we'd be on final stretch

 
Mb194dc said:
Probably, if he sells and writes the loan off he gets nothing. What incentive is their to do that? Because he's a generous spirit...?

If he holds out, refuses to sell without getting his money back, technically he'd still be owed the money, obviously the club would be wrecked (administration? and relegated next season or points dedication this one and mid table, then relegated next one) unless the government allowed it to operate still somehow....

Point two might not bother him too much, given fans would blame the government at least in part and at least he has some chance, eventually to get some money back.

Either way, it's a better option from his perspective (unless he's father Christmas?) than simply writing it off. The Times are connected, very much doubt it's sensationalism, looks like there is a reasonable chance Chelsea as we currently know it will be a casualty of the war.
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The licence currently expires on 31 May 2022, but the OFSI could extend this date (and I think they would do if Chelsea FC was facing being being blinked out of existence).
 
How serious is this for Chelsea? Like what's the worst case scenario in terms of what could realistically happen?
 
Chelsea will land on their feet, like always. Never known a luckier club. They’ll end up with free spending owners again, probably ones who make Abramovich look like Mike Ashley.
 
Klopper76 said:
How serious is this for Chelsea? Like what's the worst case scenario in terms of what could realistically happen?
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They could cease to exist if the sale doesn't go through and the licence isn't extended. I really don't think that will happen, though.
 
Klopper76 said:
How serious is this for Chelsea? Like what's the worst case scenario in terms of what could realistically happen?
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There are doomsday scenarios with the club folding but, realistically, the worst case scenario is probably that some version of the current license is extended through the summer and into next year as the legal wranging over the process gets extended. This would basically mean signing no new players and entering into no new contracts with the existing players. I don't think they would be allowed to sell players either. There would likely also be a significant exodus from their academy as top talents who hadn't already agreed professional terms looked to change to a club with more stability. Maybe (but not necessarily) some kind of point deduction from the PL for next season.
 
Abramovich is such a nice guy writing off the debt though, right guys?
 
Powderfinger said:
There are doomsday scenarios with the club folding but, realistically, the worst case scenario is probably that some version of the current license is extended through the summer and into next year as the legal wranging over the process gets extended. This would basically mean signing no new players and entering into no new contracts with the existing players. I don't think they would be allowed to sell players either. There would likely also be a significant exodus from their academy as top talents who hadn't already agreed professional terms looked to change to a club with more stability. Maybe (but not necessarily) some kind of point deduction from the PL for next season.
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It would also mean no player sales either, so that would mean any unhappy players would have to stay there.
 
LawCharltonBest said:
Chelsea will land on their feet, like always. Never known a luckier club. They’ll end up with free spending owners again, probably ones who make Abramovich look like Mike Ashley.
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Exactly this - I have zero expectations of Chelsea actually being harmed by any of this in the end.
 
Surely Roman isn't going to cause the death of Chelsea by demanding unrealistic money at the eleventh hour?
 
Hes not crazy. Anyone that believed he was just going to walk away from that kind of money lives on another planet.
 
Klopper76 said:
How serious is this for Chelsea? Like what's the worst case scenario in terms of what could realistically happen?
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Worst case scenario is the club basically shuts up shop and is moth balled.

That’s on the basis of Roman not selling, the Government not renewing the license. Essentially they won’t be allowed to operate anymore.

1% chance of that actually happening, Government will probably budge and extend the license to negotiate a get out clause for Roman.
 
LawCharltonBest said:
Chelsea will land on their feet, like always. Never known a luckier club. They’ll end up with free spending owners again, probably ones who make Abramovich look like Mike Ashley.
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They’d need to be state owned for that scenario to happen. They will most certainly be dining at the same table as everyone else from here on in.
 
I'm just finding it funny reading through these posts by Chelsea supporters, convincing themselves that a buyout by Todd Boehly is a good thing. American owners are the worst, just ask arsenal fans and us United followers (Liverpool owners got lucky with Klopp). They care way more about their home grown teams - the glazers giving interviews after NFL games etc. They're a bunch of accountants who see the club as dollar signs, and it will be the same for Chelsea if Boehly buys them.
 
Jam said:
Worst case scenario is the club basically shuts up shop and is moth balled.

That’s on the basis of Roman not selling, the Government not renewing the license. Essentially they won’t be allowed to operate anymore.

1% chance of that actually happening, Government will probably budge and extend the license to negotiate a get out clause for Roman.
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Why would the government budge??
 
Surely there's nothing complicating about this? Boehly's group should be allowed to buy the club at the agreed price and the UK government and Abramovich can hash it out between themselves what money goes to who and where.

Ratcliffe isn't offering more money than anyone else. Not sure why he's sudden involvement should mean anything for Abramovich.
 
Matst1 said:
I'm just finding it funny reading through these posts by Chelsea supporters, convincing themselves that a buyout by Todd Boehly is a good thing. American owners are the worst, just ask arsenal fans and us United followers (Liverpool owners got lucky with Klopp). They care way more about their home grown teams - the glazers giving interviews after NFL games etc. They're a bunch of accountants who see the club as dollar signs, and it will be the same for Chelsea if Boehly buys them.
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Oh great. We don't have choice to choose our owners. Roman came and spent his fortune we didn't choose him either. Now some consortium from US want to buy us. We enjoy our team and it's sports after all. Some win some lose. Looking forward how Chelsea will face the challenge.

Already boehly look to cut off 3 sponsorship and no plans to renegotiate with them as he planned to bring new shirt sponsors from US. Yes they want to make money but through on field success and improving stadium.
 
WeePat said:
Surely there's nothing complicating about this? Boehly's group should be allowed to buy the club at the agreed price and the UK government and Abramovich can hash it out between themselves what money goes to who and where.

Ratcliffe isn't offering more money than anyone else. Not sure why he's sudden involvement should mean anything for Abramovich.
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The problem is that the UK government and Abramovich have to hash it out first. The asset is frozen, not confiscated. Boehly can't buy the club from the UK government. He has to buy it from Roman and therefore Roman has to agree to sell it to him. And Roman may not agree until there is some kind of deal regarding how the debts will treated in the process.

Everything up this point has always assumed that this issue was already settled because Roman had said that he wouldn't seek any of the debts to be paid. And maybe he'll come back around to that position. But if he digs in his heels and the UK government maintains its current position that he cannot benefit from the proceeds of a sale, the club can't be sold.
 
Powderfinger said:
The problem is that the UK government and Abramovich have to hash it out first. Boehly can't buy the club without Roman agreeing to sell it to him. And Roman may not agree until there is some kind of deal regarding how the debts will treated in the process.

Everything up this point has always assumed that this issue was already settled because Roman had said that he wouldn't seek any of the debts to be paid. And maybe he'll come back around to that position. But if he digs in his heels, the club can't be sold.
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Most probably it's for debt related problem and other clubs could question things that Chelsea still didn't pay the debit hence structure of sales should be look like Chelsea paid debit to parent company and parent company paid the money for Ukraine war victims. Then no one can question about debit.
 
As far as I can find, including the story that started it from The Times, Roman has not made a statement. Their story was *IF* Roman asks for the loan to be repaid.
 
Zaphod2319 said:
As far as I can find, including the story that started it from The Times, Roman has not made a statement. Their story was *IF* Roman asks for the loan to be repaid.
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It is not as though he would make a statement though. Presumably he has communicated this to the bidders and as it would not be allowed under the terms of the sanction we have ourselves a news story.
 
ZolaWasMagic said:
He isnt going to sink Chelsea, it just wont happen. Wishful thinking perhaps...

My personal view is this is related to ratcliffe's bid
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Every single worst case scenario that could happen has happened despite Chelsea fans telling me its not as bad as it seems. This is the worst of the lot and comes with Putin announcing his own sanctions. at this rate i wouldn't be surprised if its all Putins doing.
 
cyberman said:
Every single worst case scenario that could happen has happened despite Chelsea fans telling me its not as bad as it seems. This is the worst of the lot and comes with Putin announcing his own sanctions. at this rate i wouldn't be surprised if its all Putins doing.
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They’re in denial mate, let them suffer in peace.
 
It stinks that RA is allowed to have a say in this still, like it stinks that Chelsea are having some sort of cherry picked new owner, with lots of nice conditions attached.

No one was there wtih any morals for who took us over, and who took City and Newcastle over, so it should just be sold to whoever the highest bidder is, no matter how it is financed, and what they want to do with the club.
 
Infra-red said:
They could cease to exist if the sale doesn't go through and the licence isn't extended. I really don't think that will happen, though.
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So you are telling me there is a chance…
 
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