tonyh29 Posted February 27, 2022 Share Posted February 27, 2022 On 26/02/2022 at 19:52, OutByEaster? said: Apparently he can. He has a Portuguese passport and I don’t think currently has any personal sanctions against him ? So best I can tell there is nothing to stop him coming to the U.K. Link to comment Share on other sites More sharing options...
Davkaus Posted February 27, 2022 Share Posted February 27, 2022 (edited) 4 hours ago, OutByEaster? said: How do you make it a good spot? If he is forced out or decides to leave, their existence will rely almost entirely on whether or not he feels like calling in the debt on the money they owe him. I'd like to see how he gets on calling in that debt if he's forced out due to sanctions. If he left under usual circumstances, well, Chelsea would very much struggle to find a buyer, they owe him a lot of money. If he's forced out under "Hey Russian Oligarchs, go **** yourselves" legislation, we're well into the deep unknown. Edited February 27, 2022 by Davkaus Link to comment Share on other sites More sharing options...
Zatman Posted February 27, 2022 Share Posted February 27, 2022 3 minutes ago, Davkaus said: I'd like to see how he gets on calling in that debt if he's forced out due to sanctions. If he left under usual circumstances, well, Chelsea would very much struggle to find a buyer, they owe him a lot of money. If he's forced out under "Hey Russian Oligarchs, go **** yourselves" legislation, we're well into the deep unknown. BBC reported the club isnt for sale and he wont be calling in the debt Link to comment Share on other sites More sharing options...
Davkaus Posted February 27, 2022 Share Posted February 27, 2022 Just now, Zatman said: BBC reported the club isnt for sale and he wont be calling in the debt As things stand. Will the UK government have the backbone to start seizing assets from allies of Putin? Probably not. Interesting times, though. Link to comment Share on other sites More sharing options...
OutByEaster? Posted February 27, 2022 Moderator Share Posted February 27, 2022 53 minutes ago, Davkaus said: I'd like to see how he gets on calling in that debt if he's forced out due to sanctions. If he left under usual circumstances, well, Chelsea would very much struggle to find a buyer, they owe him a lot of money. If he's forced out under "Hey Russian Oligarchs, go **** yourselves" legislation, we're well into the deep unknown. "He" wouldn't be calling in the debt - there's a company that owns the company that owns Chelsea and a company that owns that company - it's that company that's owed the debt - that company isn't Russian. Legally, my (very limited) understanding is that they could take Chelsea off him, but that wouldn't mean the debt would no longer apply - essentially the British taxpayer would own an £800m business but be liable for a £1.5bn debt. They could go chasing the rest of Abramovich's assets and sell off his yachts and so on, but the way in which money looks after itself and the murky world in which it lives means it might well be difficult to prove what is and isn't his. The problem legally is that if you enact legislation that gives you transparency on money, you put every superrich investor on the planet at risk, not just the Russian ones, but the American ones, the Saudi ones, the British ones and the ones from Singapore - if those people felt under pressure from the law in the UK, they'd pull cash and investment out of the country at a rate that would put our economy (which is largely based on the financial industry) at risk of collapse. Legally, just saying "Russian stuff so different rules" won't work. Link to comment Share on other sites More sharing options...
OutByEaster? Posted February 27, 2022 Moderator Share Posted February 27, 2022 1 hour ago, Zatman said: BBC reported the club isnt for sale and he wont be calling in the debt They did, and that's true in so long as he can persuade people that under the law it's an asset that isn't his - he felt he could do that by putting the Charity trust under control - if they refuse to take that control, it's not clear what he might do to avoid having it confiscated as an asset. If it were confiscated as an asset, then the likelihood is that finding a buyer prepared to take on the debt is unlikely, it's also very unlikely that the government would want the British taxpayer to service the debt on behalf of a Chelsea that's ended up being publicly owned, effectively the loan acts as an insurance policy for him against the government trying to confiscate the football club. That's the thing in so far as I can gather - but the law around companies and the secrecy around money and all of the protection that comes from being rich means it's really difficult to get a proper understanding of anything. Link to comment Share on other sites More sharing options...
PussEKatt Posted February 28, 2022 Share Posted February 28, 2022 Everyone,I mean Nearly everyone is giving Putin far too much rope.FFS.do what he is doing to Ukrain,hit him and hit him hard. 1 Link to comment Share on other sites More sharing options...
sne Posted March 1, 2022 Share Posted March 1, 2022 Quote Charity Commission requests more detail on Abramovich’s plans for Chelsea The Charity Commission has contacted Chelsea’s charitable foundation to ask for more information about Roman Abramovich’s plan to pass the care and stewardship of the club to the organisation’s trustees, who are yet to agree to the new arrangement. Abramovich’s decision to relinquish the running of Chelsea came after a call in parliament for him to face sanctions and the move has come under growing scrutiny since it was announced on Saturday evening. The Russian has not given up his ownership of the club and the foundation’s trustees are understood to feel there are legal and regulatory problems, as well as ethical concerns, over the change of stewardship.There are several unanswered questions over the move and the trustees are unsure about whether running a football club would be compatible with charity law. They do not know who they would be answerable to, whether a separate entity would need to be created and whether there would be liability over future decisions. It also remains unclear whether sanctions will be imposed on Abramovich, while Chelsea are at risk of being in a vulnerable financial position if their owner is targeted by the UK government. A Charity Commission spokesperson said: “We have contacted the charity seeking information and, in line with our guidance, the charity has also made a report to the commission. We cannot comment further at this time.” The Charity Commission’s response will be a consideration for some trustees as they ponder how to move forward. It is understood some trustees could decide to step aside from the foundation, though no decisions have been made yet. https://www.theguardian.com/football/2022/feb/28/charity-commission-requests-more-information-abramovich-plan-chelsea Link to comment Share on other sites More sharing options...
OutByEaster? Posted March 1, 2022 Moderator Share Posted March 1, 2022 It's interesting to note the difference between this and Everton. Everton are nominally owned by Farhad Moshiri, an Iranian businessman, through a company called Blue Heaven Holdings Ltd. The problem with that is that Farhad Moshiri works for one of Everton's sponsors - USM. USM sponsors the training ground to the tune of £12m a year and has a naming rights deal in place for the new stadium. That's USM as in Usmanov - Alisher Usmanov - the Russian oligarch that's linked to Putin and is on the EU's shitlist. And how did Moshiri come to own Everton? Apparently, according to the Panama papers, he did it through a large gift of money from Alisher Usmanov. https://www.bbc.co.uk/news/uk-41878954 Quote Farhad Moshiri sold his Arsenal stake in 2016 to buy nearly 50% of Everton. But the leaks suggest his original Arsenal stake was funded by a "gift" from oligarch Alisher Usmanov, who owns 30.4% of Arsenal, raising the question of whether his money is now in Everton. So in the case of Everton, it looks like they're protected because Usmanov placed the club in the name of a different owner - there's more than a hint that he actually owns the club, that he provides the finance and that he's the man in charge - but with the Premier league having accepted that Moshiri is the owner, it's hard to see how any sanction can be placed on Usmanov or Everton - the asset isn't under threat, because it's difficult to legally associate it with him. It looks like Abramovich knows he's too late to put in a similar barrier, so he's scraping around for anything that might work to give some distance between Chelsea and his ownership - I'm glad that the trust aren't playing ball. 1 Link to comment Share on other sites More sharing options...
OutByEaster? Posted March 1, 2022 Moderator Share Posted March 1, 2022 I feel a bit for Thomas Tuchel, he's snapped at a press conference today having been asked Abramovich and Putin for the umpteenth time this week. He's in a difficult spot, he's not come to Chelsea to get involved in politics, he's a football man, a brilliant manager and I think a likeable character. That said, I don't think you can blame journalists for asking him - ultimately, the money that drops into his bank account each month comes from the same people that are bombing people in Kyiv - it's not on him, but it's not the cleanest money, even by football's standards. It'd be nice if the UK government grew a pair of balls big enough so that it wasn't Thomas Tuchel having to answer questions. 2 Link to comment Share on other sites More sharing options...
sne Posted March 1, 2022 Share Posted March 1, 2022 People might start asking questions if they do anything to Chelsea while still thinking it's perfectly fine for the Saudis owners at Newcastle to bomb Yemen into oblivion. 1 Link to comment Share on other sites More sharing options...
OutByEaster? Posted March 1, 2022 Moderator Share Posted March 1, 2022 2 minutes ago, sne said: People might start asking questions if they do anything to Chelsea while still thinking it's perfectly fine for the Saudis owners at Newcastle to bomb Yemen into oblivion. I think you'll find that the Yemen is in fact invisible. Perhaps if the Russian's had the good sense to have bought their arms from the right places Abramovich would be able to rest a little easier. Yours should be a good point, but sadly we very much live in a world where laws apply differently depending on your relation with those that make them. 1 Link to comment Share on other sites More sharing options...
The_Steve Posted March 1, 2022 Share Posted March 1, 2022 Link to comment Share on other sites More sharing options...
Demitri_C Posted March 2, 2022 Share Posted March 2, 2022 12 hours ago, The_Steve said: I cant see him selling. Link to comment Share on other sites More sharing options...
Demitri_C Posted March 2, 2022 Share Posted March 2, 2022 Wyss claims he has been offered thw chance to buy chelsea. Interesting Link to comment Share on other sites More sharing options...
sne Posted March 2, 2022 Share Posted March 2, 2022 Would Abramovich we able to receive the money if Chelsea was sold? Is he under sanctions or does he get around that due to his Portuguese & Israeli citizenship? Link to comment Share on other sites More sharing options...
Zatman Posted March 2, 2022 Share Posted March 2, 2022 8 minutes ago, sne said: Would Abramovich we able to receive the money if Chelsea was sold? Is he under sanctions or does he get around that due to his Portuguese & Israeli citizenship? He isnt under sanctions still Link to comment Share on other sites More sharing options...
ender4 Posted March 2, 2022 Share Posted March 2, 2022 15 minutes ago, Demitri_C said: Wyss claims he has been offered thw chance to buy chelsea. Interesting For £2 billion. Which is the amount that Roman is owed by the club, so he would get his money back and a quick exit. Wyss also mentions as part of a consortium of 6-7 people. Link to comment Share on other sites More sharing options...
Demitri_C Posted March 2, 2022 Share Posted March 2, 2022 26 minutes ago, ender4 said: For £2 billion. Which is the amount that Roman is owed by the club, so he would get his money back and a quick exit. Wyss also mentions as part of a consortium of 6-7 people. Mike Ashley is looking for a new club... Link to comment Share on other sites More sharing options...
Zatman Posted March 2, 2022 Share Posted March 2, 2022 5 minutes ago, Demitri_C said: Mike Ashley is looking for a new club... Its worth 2 billion not 2 pound Link to comment Share on other sites More sharing options...
Recommended Posts