OutByEaster? Posted March 13, 2022 Moderator Share Posted March 13, 2022 41 minutes ago, Jono62 said: Isn't there another Saudi fund that want to buy Chelsea? There is - some sort of Saudi media group. The weird one is the debt, there seems to be very little talk about it - Abramovich put the club on sale for £3bn with a promise to write off the £1.5bn debt it owes him. Generally, everyone else seems to think that the club is worth about £1.5bn and that he was pricing in the return of the debt. If the government sell it for £1.5bn and don't let Abramovich take any of the proceeds, where does that money go? If they then simply take the debt away, where does that money go? If there's someone out there that gets Chelsea for market value and the UK government writes off the £1.5bn debt they have then there's no wonder there are such a number of suitors. Link to comment Share on other sites More sharing options...
OutByEaster? Posted March 13, 2022 Moderator Share Posted March 13, 2022 Fella on the telly reckons that Chelsea have got three, maybe four weeks before they are unable to pay wages unless there's a sale. Link to comment Share on other sites More sharing options...
The_Steve Posted March 13, 2022 Share Posted March 13, 2022 This is something to watch further: Mr Abramovich was granted Portuguese citizenship in April 2021 under a law that offered naturalisation to descendants of Sephardic Jews, who were expelled from the Iberian peninsula more than 400 years ago during the Inquisition. Applicants for Portuguese citizenship via this route are assessed by experts at one of Portugal's Jewish communities in either Lisbon or Porto. Mr Litvak is the rabbi for the community in Porto (northern Portugal) and was responsible for assessing Mr Abramovich's application. Mr Litvak was detained by authorities as he was preparing to travel to Israel. He was asked to hand over his passport and will have to periodically present himself to authorities. Portugal's Judicial Police and public prosecutor said on Friday that there were suspicions of money laundering, corruption, fraud and falsification of documents in the process of of granting citizenship to descendants of Sephardic Jews. Link to comment Share on other sites More sharing options...
The_Steve Posted March 13, 2022 Share Posted March 13, 2022 1 Link to comment Share on other sites More sharing options...
Phil Silvers Posted March 13, 2022 Share Posted March 13, 2022 They still have 3 on their shirts, worst network ever. Link to comment Share on other sites More sharing options...
Jono62 Posted March 13, 2022 Share Posted March 13, 2022 39 minutes ago, Phil Silvers said: They still have 3 on their shirts, worst network ever. Weird because their coverage is usually rubbish. Link to comment Share on other sites More sharing options...
The_Steve Posted March 13, 2022 Share Posted March 13, 2022 44 minutes ago, Phil Silvers said: They still have 3 on their shirts, worst network ever. I thought they suspended their deal? Link to comment Share on other sites More sharing options...
NoelVilla Posted March 13, 2022 Share Posted March 13, 2022 Can't afford to take the logo off? Idk but it is a bit weird when 3 don't want to be a part of Chelsea anymore. Link to comment Share on other sites More sharing options...
foreveryoung Posted March 13, 2022 Share Posted March 13, 2022 I will laugh my bill***s off if that arrogant twut Candy and his bro buys the club. He is not cash rich, so will have to borrow the money, an they will turn into a standard team with him. No more £100m players. But he won't anyway it's all flash. Link to comment Share on other sites More sharing options...
Davkaus Posted March 13, 2022 Share Posted March 13, 2022 3 hours ago, The_Steve said: This bellend clearly has no idea what "suffering" is. Link to comment Share on other sites More sharing options...
OutByEaster? Posted March 13, 2022 Moderator Share Posted March 13, 2022 It'll be interesting to see how they FFP this period. Link to comment Share on other sites More sharing options...
maqroll Posted March 14, 2022 Share Posted March 14, 2022 Is this accurate? Link to comment Share on other sites More sharing options...
Demitri_C Posted March 14, 2022 Share Posted March 14, 2022 4 hours ago, maqroll said: Is this accurate? They will push through a sale to ensure this doesnt happen Link to comment Share on other sites More sharing options...
osmark86 Posted March 14, 2022 Share Posted March 14, 2022 some of their fans thinking only about football seem pretty happy with being owned by Saudi Link to comment Share on other sites More sharing options...
Popular Post OutByEaster? Posted March 14, 2022 Moderator Popular Post Share Posted March 14, 2022 The potential for the debt write off doesn't sit particularly well with me. A sale for £1.5bn would be a market value sale for Chelsea - reflecting the increase in the value of the club through the Abramovich years - the money he's invested over the last twenty years has made Chelsea a club with commercial revenues and a brand that justifies that price. Abramovich has made a claim that he'd write off the £1.5bn debt they owe him as a gesture of largesse, but he's also priced the club at £3bn - which I think suggests something entirely different. He's no longer in a position to either write off or call in that debt and there's talk of it simply being written off. Writing off the £1.5bn debt to Abramovich would mean that the buyer gets full value for the club as it is and the benefit of all of that investment, but no responsibility for any of the debt that investment created - there's no price tag for the Abramovich years - essentially the new buyer will have simply stolen that money from Abramovich with the support of the UK government. Now I'm not crying into a tissue for poor old Roman Abramovich - he stole that money from the Russian people and he's involved with an absolute nutter of a leader who is currently bombing Ukraine - but from a sporting perspective, that's not a level playing field. Chelsea got £1.5bn free of charge - no debt, no responsibility, just a couple of decades of massive investment that they couldn't support or afford with absolutely no consequence. I'd like to see the UK government sell Abramovich's debt to a bank with the proceeds going into the public purse and Chelsea still responsible for that debt - for me it wouldn't be right if it simply disappears from their history and balance sheet - it's a massive competitive advantage they'd gain without any justification. 10 Link to comment Share on other sites More sharing options...
Genie Posted March 14, 2022 Share Posted March 14, 2022 I bet there’s some nervous clubs wondering if they’re getting the next instalments of player transfers, Inter maybe? I doubt Chelsea paid all £100m for Lukaku in 1 go as it’s normal for all clubs to spread transfer fees over several years. 1 Link to comment Share on other sites More sharing options...
S-Platt Posted March 14, 2022 VT Supporter Share Posted March 14, 2022 Just now, Genie said: I bet there’s some nervous clubs wondering if they’re getting the next instalments of player transfers, Inter maybe? I doubt Chelsea paid all £100m for Lukaku in 1 go as it’s normal for all clubs to spread transfer fees over several years. They still owe 71 million apparently 1 Link to comment Share on other sites More sharing options...
Zatman Posted March 14, 2022 Share Posted March 14, 2022 4 minutes ago, Genie said: I bet there’s some nervous clubs wondering if they’re getting the next instalments of player transfers, Inter maybe? I doubt Chelsea paid all £100m for Lukaku in 1 go as it’s normal for all clubs to spread transfer fees over several years. If Its like how Lazio ended up then Inter will just take some players to make up the cost. In this case probably Lukaku back as its his dream Link to comment Share on other sites More sharing options...
Genie Posted March 14, 2022 Share Posted March 14, 2022 Just now, Zatman said: If Its like how Lazio ended up then Inter will just take some players to make up the cost. In this case probably Lukaku back as its his dream Haha true, “sell” him back for £71m and everyone is happy! Link to comment Share on other sites More sharing options...
The_Steve Posted March 14, 2022 Share Posted March 14, 2022 Sportswashing is a helluva drug - victim mentality 2 Link to comment Share on other sites More sharing options...
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