Fantail Breeze Posted February 26, 2022 Share Posted February 26, 2022 (edited) 1 minute ago, Pokerprince2004 said: Thats massive news that. Probably csnt sell it quickly so handed over for time being. He'll be a goner Can he sell it at the moment? His English assets include Chelsea, don't they? So he’d be unable to get any money from the sale. Edited February 26, 2022 by Fantail Breeze Link to post Share on other sites More sharing options...
Fantail Breeze Posted February 26, 2022 Share Posted February 26, 2022 Just now, neesy111 said: I don't think so, sounds like he's transferred his percen9 of the club to them. No way has he given away the club for free like. Link to post Share on other sites More sharing options...
bowlingcrofty Posted February 26, 2022 Share Posted February 26, 2022 So he’s “handed it over” but not sold it. Seems like a holding solution for if/when his assets are frozen. Link to post Share on other sites More sharing options...
Pokerprince2004 Posted February 26, 2022 Share Posted February 26, 2022 3 minutes ago, Fantail Breeze said: Can he sell it at the moment? His English assets include Chelsea, don't they? So he’d be unable to get any money from the sale. Not sure on the details I'm sure this story will develop rapidly tonight. I know there were no sanctions against him personally but think his arse is twitching and wants rid. I dont know if he'll be legally allowed to fund Chelsea anymore Link to post Share on other sites More sharing options...
Manxst Posted February 26, 2022 Share Posted February 26, 2022 Makes no odds at the moment, as he’s not listed under the sanctions. Think this is to head off any future issues. It’s just transferring business ownership into the names of others/other companies, but he’ll still be residing in the background- he has to be, as his companies are funding the club. Without him, they’re fucked. Link to post Share on other sites More sharing options...
Gaztoon Posted February 26, 2022 Share Posted February 26, 2022 Done it before the government takes control. Link to post Share on other sites More sharing options...
Fantail Breeze Posted February 26, 2022 Share Posted February 26, 2022 Absolute bollocks from Sky that like. Not even worth mentioning and the way they did it was like something serious had happened. Link to post Share on other sites More sharing options...
WarrenBartonCentrePartin Posted February 26, 2022 Share Posted February 26, 2022 (edited) 2 minutes ago, bowlingcrofty said: So he’s “handed it over” but not sold it. Seems like a holding solution for if/when his assets are frozen. That's how I interpret it. What's going to be interesting is if/when assets are frozen, it's how long for. It could fuck them up in the summer. Edited February 26, 2022 by WarrenBartonCentrePartin Link to post Share on other sites More sharing options...
Manxst Posted February 26, 2022 Share Posted February 26, 2022 ‘Transference of stewardship and care’ is nothing like the actual transference of ownership rights Link to post Share on other sites More sharing options...
Wilson Posted February 26, 2022 Share Posted February 26, 2022 (edited) 3 minutes ago, Fantail Breeze said: Absolute bollocks from Sky that like. Not even worth mentioning and the way they did it was like something serious had happened. I mean... Announcing pretty big football news during a football match... I'm not sure why people are being pissy about it. Edited February 26, 2022 by Wilson Link to post Share on other sites More sharing options...
Sima Posted February 26, 2022 Share Posted February 26, 2022 Aye, it’s a token gesture meant to ward off any more severe action by the government. He still owns the club and will be calling the shots. You’d be daft to think otherwise. Link to post Share on other sites More sharing options...
Guest neesy111 Posted February 26, 2022 Share Posted February 26, 2022 2 minutes ago, WarrenBartonCentrePartin said: That's how I interpret it. What's going to be interesting is if/when assets are frozen, it's how long for. It could fuck them up in the summer. He's always previously converted debt to equity. They'll have to cut their wage bill massively I'd imagine. Link to post Share on other sites More sharing options...
54 Posted February 26, 2022 Share Posted February 26, 2022 Link to post Share on other sites More sharing options...
Manxst Posted February 26, 2022 Share Posted February 26, 2022 Just means he still owns them but that he won’t be making any hands on decisions…. *cough* bullshit *cough* means fuck all and don’t know why it’s being made such a fuss of. Link to post Share on other sites More sharing options...
STM Posted February 26, 2022 Share Posted February 26, 2022 You can bet your bollocks that he won't be putting any more money into Chelsea. Chelsea have grown commercially but it remains to be seen if they have the money to bankroll themselves. Link to post Share on other sites More sharing options...
Superior Acuña Posted February 26, 2022 Share Posted February 26, 2022 39 minutes ago, Fantail Breeze said: Absolute bollocks from Sky that like. Not even worth mentioning and the way they did it was like something serious had happened. I had NBC on and it was similar, I thought there was going to be some grave or massive news. Link to post Share on other sites More sharing options...
Manxst Posted February 26, 2022 Share Posted February 26, 2022 5 minutes ago, STM said: You can bet your bollocks that he won't be putting any more money into Chelsea. Chelsea have grown commercially but it remains to be seen if they have the money to bankroll themselves. of course they don’t. As per The Athletic: “Chelsea’s debt to Roman Abramovich now exceeds £1.5 billion, spanning the Russian’s 18-year ownership of the Premier League club. Annual accounts for Fordstam Limited for the financial year ending June 30, 2021 confirm that the oligarch poured a further £19.9 million of interest-free loans into Chelsea FC plc’s parent company last season, underlying the club’s continued reliance upon the Russian’s backing. Chelsea, hampered by the financial ramifications of the COVID-19 pandemic which largely condemned football behind closed doors throughout last season, recorded a pre-tax loss of £155.9 million for the year, despite being crowned European champions for the second time in their history in May. Fordstam Limited, with its registered address of Stamford Bridge, is owned by Abramovich and serves as Chelsea FC plc’s parent company. Its funding is ploughed into Chelsea FC plc as equity, and then on to the football club itself — Chelsea Limited — again as equity, to cover any cash losses sustained. Fordstam’s latest accounts note that funding “is provided by the ultimate controlling party, Mr R Abramovich” in the form of an interest-free loan. The accounts add: “The Group (Fordstam’s subsidiary undertakings) has received an increase in funding of £19.9 million during the last financial year”. That is mirrored in Chelsea FC plc’s accounts.” Link to post Share on other sites More sharing options...
JeffJ Posted February 26, 2022 Share Posted February 26, 2022 Breaking News : Abramovich appointed head of Chelsea’s Charitable Foundation. Link to post Share on other sites More sharing options...
geordie_b Posted February 26, 2022 Share Posted February 26, 2022 Not sure what hes meant to be tbh, he isnt 'Russia' and he probably isnt allowed to sell them atm. Link to post Share on other sites More sharing options...
Conjo Posted February 26, 2022 Share Posted February 26, 2022 4 minutes ago, STM said: You can bet your bollocks that he won't be putting any more money into Chelsea. Chelsea have grown commercially but it remains to be seen if they have the money to bankroll themselves. They'll struggle more and more generating enough income to sustain their purchasing power and player wages as the new loan rules come more and more into play as well imo. Link to post Share on other sites More sharing options...
WarrenBartonCentrePartin Posted February 26, 2022 Share Posted February 26, 2022 Sky have previous like. I was at a house party on the night Bowyer and Dyer had their fight earlier in the day. SSN was on in the background as everyone who hadn't been at the game wanted to see it. All of a sudden they cut off from discussing the day's games and yellow tickers appeared everywhere, saying to switch to Sky News immediately. Why? The fucking Pope had died Link to post Share on other sites More sharing options...
Manxst Posted February 26, 2022 Share Posted February 26, 2022 (edited) 11 minutes ago, geordie_b said: Not sure what hes meant to be tbh, he isnt 'Russia' and he probably isnt allowed to sell them atm. He can sell if he wants. He’s not listed under sanctions. Whether anyone would buy them in the current market at the price he’d want, is a different matter. As for ‘Russia’, he’s in a protracted legal case after being called “Putin’s ATM” in a book, and he was also named by MPs on Tuesday as being one of 35 oligarchs identified by Russian opposition leader Alexei Navalny as one of the 'key enablers' of the 'kleptocracy' run by the country's president Vladimir Putin. He might not be ‘Russia’, but he’s certainly got extremely strong links to Putin. edit- it’s been stated that he doesn’t want to sell. Edited February 26, 2022 by Manxst Link to post Share on other sites More sharing options...
Heron Posted February 26, 2022 Share Posted February 26, 2022 Is my interpretation right that he still owns the club but it is currently under the control of Chelseas Trustees? So presumably this means he cannot bank roll them personally but they can continue to function via their own commercial revenues? Link to post Share on other sites More sharing options...
Disco Posted February 26, 2022 Share Posted February 26, 2022 Exemplary work from the Town admin Link to post Share on other sites More sharing options...
Guest neesy111 Posted February 26, 2022 Share Posted February 26, 2022 (edited) 17 games unbeaten. They've kept that under the radar. Dark horse for the playoffs. Edited February 26, 2022 by neesy111 Link to post Share on other sites More sharing options...
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