Worst case scenario for Cheslea is that Ambramovich loses his UK based assets over the whole Russia thing. You would feel there wouldn't be a shortage of buyers for Chelsea though. Here's hoping it's Mike Ashley if it ever goes that far!
Chelsea 2021/22 - World and European Champions
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
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If they freeze his spending in England then that means no more big transfer fees?
He doesn't directly spend. He loans the club the money and the club spend. The club owe him close to £1b I think
Depends... they are great at selling and have an excellent academy - they could probably sustain financing some big deals without cash from Abramovich
But if they froze his assets in the UK, wouldn't Chelsea be among those assets, and therefore not able to engage in trade?
I think he'd be forced to sell instead, or the FA would take ownership until a buyer was found. Not the same situation but I'm pretty sure the FA intervened and sold Liverpool to FSG when they were about to go into administration under Gillette and Hicks.
Yeah but from what I see Russian money won’t be allowed to be invested in England? Surely that’s an investment?
I think someone who's a personal friend of Putin won't have an issue's getting his money in or out of his club, which he most likely uses as a method of laundering money back to Russia anyway.
Despite his probable influence in Russia there is no right that the goverment ban Abramovich. They had no problem with him investing a ton of money into the UK. But thats politics and it should have no place on a football forum. Football wise I was very suprised with Chelseas bad form this season. Just goes to show how strong the PL really is. If they changed owners Id imagine there will be a lot of interest. Chelsea is by now (in comparison to the 90s) an established euro team located in the west part of London.
Worst case scenario would probably be Abramovich liquidating the holding company Fordstam Ltd and running for the hills leaving administrators to come in auction off parts of the club. That would mean the club going into administration and possible points deductions perhaps even relegation as all the current players contracts would be null and void and free to sign for other clubs. What would be left is a debt free football club but a poor football club forced to rebuild from scratch.
Freezing his assets would throw up a lot of questions for UEFA and PL about fair competition. We'll see though. For now, banning him from the UK doesn't really stop Chelsea from continuing to compete as normal.
It would be quite interesting to see the fan perception of Chelsea if they transitioned away from 'oil club' status and fell into the hands of local owners (like Matthew Harding) or American owners who ran the club like Liverpool.
But UEFA and PL don’t supersede actual law? I can’t see what questions they could possibly answer?
I don't think that would happen. It's not within the FA's best interests to help destroy a club that add's to the PL brand. I think they'd find a way to feck Ambramovich out of his money and keep the club moving along.
Well, we're just discussing hypotheticals here, but it would hardly be fair if one club was prevented from buying/selling players by the government for reasons that have nothing to do with the sport.
It's complicated and I probably don't fully understand the politics of it, the finances of it etc but I don't see how they could feck Abramovich out of his money without also fecking over the club in some way.
They will be fine, mostly because they are largely independent as a football club entity since a few years already. At worst, there will be (presumably) a few weeks with kind of special administrators to manage the current affairs, have a look at buying offers and then off to a new wealthy, very wealthy owner by the Summer.
Calls for Roman to be kicked out from the club
By rival supporters. :0)
3rd place up for grabs.
Operationally, they will be fine. The problem starts when he calls on his loans. They are self sufficient.
If I were a Chelsea fan I would be worried. It’s not as if this is a stretch to punish Roman, if anything it’s the right thing to do.
It's now or never to ban Roman from the PL/UK. Any rich Yank or Saudi can buy Chelsea.
Where are the wealthy owners? It seems like there’s a lot of investment groups etc in the ring now. Unless you’re a country then nobody is buying a top tier club for billions of pounds. Your post is bizarrely upbeat for the situation they could be in
Nah, you are usually overcritical
there are a number of American funds vulturing around European football, even Italian football (the latest being Atalanta bought by Steve Pagliuca consortium).Yeah but not wealthy owners? It would take huge money to buy Chelsea so any investment isn’t worth it, it’s why Saudi Arabia bought Newcastle. Newcastle!Nah, you are usually overcritical
My worry would be if the assets are sold cheaply and vultures get in and run it down for the tv money etc. Then it’s what happens to Romans loan, is that written off or are assets sold to pay it off?
Who knows. It might not happen but it looks like a headache.
Yeah, but let’s get real: neither the FA nor your Gov have the interest and would allow FC Chelsea from London, the current European and World club Champions, go bust or be depleted in any sensible form. Just another American consortium will take them over like they do in the NBA, the NFL, etc. It’s not the rogue asset of a rogue actor, not anymore if you like, in this case not named Newcastle.
Anyway, good luck to them, it’s just a trivial matter compared with the war happening right now.If I were a Chelsea fan I would be worried. It’s not as if this is a stretch to punish Roman, if anything it’s the right thing to do.
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Post that report matters became massively more complicated in that RA is now a Portuguese citizen
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Post that report matters became massively more complicated in that RA is now a Portuguese citizen
Post that report matters became massively more complicated in that RA is now a Portuguese citizen
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Not really? Who is going to argue against it? You can’t exactly fight it in court when Britain can just change the laws. The man is literally banned from Britain!
If he's forced to sell or if they freeze his assets, what happens to his loans? Surely no one will buy a club carrying debt like that.
It is essentially a loan to himself. Chelsea's position does not change. If his assets are frozen(won't happen), he won't be able to call on those loans. I am also sure Chelsea would be given special status (part of the community) so that they would run just fine.
I can't see how any sanction affects Chelsea economically, given that they no longer rely on Abromovich.
Again this is a question rather than opinion: if the UK government says no money can leave the shores then Roman can't call in his loans right? He's effectively bust himself, and the club has no (significant) debt.
So an American can come in and buy at face value right?
He loaned them money during the pandemic to fund their latest spending spree. They absolutely do rely on his money. They posted losses of 109m in 19/20 and posted losses of 140m in December despite winning the CL. Their statement even said the following:
Chelsea’s accounts state they are “reliant on Fordstam Limited for its continued financial support”. The company is owned by Roman Abramovich, and has indicated it will continue to support the club “for the foreseeable future”.
https://www.theguardian.com/footbal...ampions-league-triumph?CMP=Share_iOSApp_Other
Not really? Who is going to argue against it? You can’t exactly fight it in court when Britain can just change the laws. The man is literally banned from Britain!
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No he is not.
Not really? Who is going to argue against it? You can’t exactly fight it in court when Britain can just change the laws. The man is literally banned from Britain!
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Changing laws is a bit more complicated than acting on a whim.
No he is not.
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It just happened today. A step further than his previous visa not allowed.
https://www.iol.co.za/sport/soccer/...vernment-f86330ce-26f1-4f12-9b5c-ae02693a8006
Its worth trawling through most clubs accounts and in particular where they talk about ”Being a going concern “
I am not suggesting for one second that he isn’t putting monies into the club but there is a vast difference between accounting bottom line / losses and him injecting the same numbers in terms of cash. Irrespective the last two trading years don’t show the numbers you quoted.
2019/20 £36.4 million profit
20/21 £145.6 million loss ( no gate revenue)
It just happened today. A step further than his previous visa not allowed.
https://www.iol.co.za/sport/soccer/...vernment-f86330ce-26f1-4f12-9b5c-ae02693a8006
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The reference is to a 2019 report but as I point out the game changer was him being granted Portuguese Citizenship in 2021.
Even the report you link only mentions his Israeli passport and even the it doesn’t say he is currently banned from the UK only that he can’t live here
Changing laws is a bit more complicated than acting on a whim.
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Might wanna check how the super league got blitzed by the government?
Might wanna check how the super league got blitzed by the government?
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Well, the english FA would have lost massive money if United, Liverpool,Arsenal, Chelsea and City moved out of England to play the Super League.
They had no choice but to ask the english government for help to intervene.
Nobody outside of UK is gonna watch a PL where the teams fighting for the title are West Ham, Spurs, Leicester, Wolves, etc.
Sorry 18/19 - that was the 109m
loss I was referring to. So just the 215m loss over the last 3 years and now the 1.5bn in loans owed to RA.
https://www.thetimes.co.uk/article/chelseas-debt-to-roman-abramovich-passes-1-5bn-sjbcwt8jg
Well, the english FA would have lost massive money if United, Liverpool,Arsenal, Chelsea and City moved out of England to play the Super League.
They had no choice but to ask the english government for help to intervene.
Nobody outside of UK is gonna watch a PL where the teams fighting for the title are West Ham, Spurs, Leicester, Wolves, etc.
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But this has nothing to do with football and is an easy win for Boris. A Russian oligarch owning an English football institution during a time like this? It’s an open goal.
Point is, Boris had that power then and he has it now. Plus theyre out of the EU now, I don’t even know what power being a Portugueses citizen has. They literally have the power to remove citizenship from a Brit!
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