There's new legislation going through parliament at the moment to change the sanctions rules, as the ones we adopted after we left the EU's sanctions regime turned out not the be very well written. I get the impression from journalists on Twitter that the intention is that once the new rules are in place the government intend to allow someone else to buy the club, with the proceeds of the sale being frozen, at which point the club can resume normal trading.
Would say it's a bit harsh on the club and their supporters, but the way they've acted and come out the woodwork since the dough come in, a bit like Citeh, has been questionable. Could they appeal and still be allowed to operate, with any proceeds destined for Abro's pockets being seized? Or suppose that's too complicated.....
very tough situation to be honest. This isn’t an asset like a mansion or a sports car. It’s a community asset supported by hundreds of thousands of UK citizens and employees hundreds of people.
Very hard to determine what is right and fair in this instance
My dads side of my family come from SW London and have supported Chelsea long before I was even born. They never worried where the money come from and to a man, like the majority of Chelsea supporters, would bask in the reflected glory of having a man at the top who was bank rolling them. I say fuck the lot of them.
very tough situation to be honest. This isn’t an asset like a mansion or a sports car. It’s a community asset supported by hundreds of thousands of UK citizens and employees hundreds of people.
Very hard to determine what is right and fair in this instance
While agreeing completely with sanctions on the likes of Abramovich and other Russian billionaires the actions of Saudi Arabia (with the support of UK and American weapons) has wrecked havoc on the Yemen, killing over 20,000 civilians through bombing and the likelihood of starvation hanging over 12 million children. So where is this line drawn in terms of owners whose profits are from or support immense suffering ?
I’ve heard they have to relinquish all titles & silverware they have won under RA ownership…& just to make it harder for them Charlton are being given the Euro spot we were in when they bought the league…🤔😁🤗🤗….😂😂😂
No grapes were hurt in this message…😉😂😂
But seriously they do have a hotel connected to the club which could maybe used for the Ukrainian refugee’s till this is all sorted in one way or another
While agreeing completely with sanctions on the likes of Abramovich and other Russian billionaires the actions of Saudi Arabia (with the support of UK and American weapons) has wrecked havoc on the Yemen, killing over 20,000 civilians through bombing and the likelihood of starvation hanging over 12 million children. So where is this line drawn in terms of owners whose profits are from or support immense suffering ?
The UK government (and majority of the population) doesn't care about Yemen. That's the fact of the matter.
While agreeing completely with sanctions on the likes of Abramovich and other Russian billionaires the actions of Saudi Arabia (with the support of UK and American weapons) has wrecked havoc on the Yemen, killing over 20,000 civilians through bombing and the likelihood of starvation hanging over 12 million children. So where is this line drawn in terms of owners whose profits are from or support immense suffering ?
The UK government (and majority of the population) doesn't care about Yemen. That's the fact of the matter.
While agreeing completely with sanctions on the likes of Abramovich and other Russian billionaires the actions of Saudi Arabia (with the support of UK and American weapons) has wrecked havoc on the Yemen, killing over 20,000 civilians through bombing and the likelihood of starvation hanging over 12 million children. So where is this line drawn in terms of owners whose profits are from or support immense suffering ?
The UK government (and majority of the population) doesn't care about Yemen. That's the fact of the matter.
And Yemen is not a direct threat to the western alliance unlike Russia or possibly China, So a line is being drawn, that says we will risk economic damage to over turn your actions but not risk nuclear war.
They must have money in the bank for a bit of cash flow. I'm sure a business that was valued at £3,000,000,000 only last week would be able to find a trifling £28,000,000 down the back of a directors box sofa.
Chelsea F C, at one time nicknamed 'the pensioners' could very soon be applying for state benefits .. a ban on the sale of the club itself, the sale of tickets and club related merchandise, the buying and selling of players .. the salad days are over Chelseaites .. how will the cloob now manage to pay the players and management their astronomical salaries and benefits ? .. Chelsea play at lil ol Noridge tonight .. be VERY interesting to see how they perform .. this is the end of an era and the denouement of the first of the mega rich spoilt English football clubs
very tough situation to be honest. This isn’t an asset like a mansion or a sports car. It’s a community asset supported by hundreds of thousands of UK citizens and employees hundreds of people.
Very hard to determine what is right and fair in this instance
My dads side of my family come from SW London and have supported Chelsea long before I was even born. They never worried where the money come from and to a man, like the majority of Chelsea supporters, would bask in the reflected glory of having a man at the top who was bank rolling them. I say fuck the lot of them.
In fairness i think 99% of fans at any club would've been the same.
There will be a few who don't approve i'm sure, but you can't tell me that most City or Newcastle fans give a shit where the money comes from.
If Abramovich had bought us and we'd embarked on two decades of success, would many of us have cared? Some would, but the vast majority would've been singing "we're fucking rich" at his first game in charge.
They must have money in the bank for a bit of cash flow. I'm sure a business that was valued at £3,000,000,000 only last week would be able to find a trifling £28,000,000 down the back of a directors box sofa.
£16 million 'cash at bank' apparently - and RA cannot feed in any more.
I think you're all thinking this changes a lot more than it actually does.
Ticket sales means nothing in the Premier League in terms of revenue as Covid showed. Teams can get by with no fans without much trouble. Chelsea may choose instead to raffle tickets away for free rather than sell them.
Buying and selling players? That only matters if the sanctions against Chelsea last until the summer. I have a strong feeling they won't be. One way or another this will be resolved in time for the end of the season.
The ongoing losses again were given a significant period of time for Chelsea to sort out before the sanctions hit. Warning Roman sanctions were coming has probably led to him leaving a sizable sum in their bank to keep the club ticking over 'just in case'.
They must have money in the bank for a bit of cash flow. I'm sure a business that was valued at £3,000,000,000 only last week would be able to find a trifling £28,000,000 down the back of a directors box sofa.
£16 million 'cash at bank' apparently - and RA cannot feed in any more.
They must have money in the bank for a bit of cash flow. I'm sure a business that was valued at £3,000,000,000 only last week would be able to find a trifling £28,000,000 down the back of a directors box sofa.
£16 million 'cash at bank' apparently - and RA cannot feed in any more.
not enough to cover even a months wages
Nope - I couldn't give a toss about the players but unfortunately all the other staff could suffer.
They must have money in the bank for a bit of cash flow. I'm sure a business that was valued at £3,000,000,000 only last week would be able to find a trifling £28,000,000 down the back of a directors box sofa.
£16 million 'cash at bank' apparently - and RA cannot feed in any more.
not enough to cover even a months wages
Nope - I couldn't give a toss about the players but unfortunately all the other staff could suffer.
And sadly, it will be the other staff who suffer, as happened with Spurs and Covid
Comments
I say fuck the lot of them.
But seriously they do have a hotel connected to the club which could maybe used for the Ukrainian refugee’s till this is all sorted in one way or another
There will be a few who don't approve i'm sure, but you can't tell me that most City or Newcastle fans give a shit where the money comes from.
If Abramovich had bought us and we'd embarked on two decades of success, would many of us have cared? Some would, but the vast majority would've been singing "we're fucking rich" at his first game in charge.
Ticket sales means nothing in the Premier League in terms of revenue as Covid showed. Teams can get by with no fans without much trouble. Chelsea may choose instead to raffle tickets away for free rather than sell them.
Buying and selling players? That only matters if the sanctions against Chelsea last until the summer. I have a strong feeling they won't be. One way or another this will be resolved in time for the end of the season.
The ongoing losses again were given a significant period of time for Chelsea to sort out before the sanctions hit. Warning Roman sanctions were coming has probably led to him leaving a sizable sum in their bank to keep the club ticking over 'just in case'.