The government want them in administration to make the sale easier is what I’ve been told.
Dorries getting final say on who the owner will be.
I've heard that, too. The suggestion was that if they go into administration then all income goes to the people they owe money to, via the administrator, not to the owner. So if Abramovich waives any entitlement to his loans, then there's no way he could benefit from any income. At that point, the sanctions lift, they can sell tickets and merchandise again, and the idea would be for someone to come along and buy them off the administrator for enough to repay all debts (except to Abramovich). That would presumably mean a points deduction for an insolvency event, but no risk of them going bust or being expelled from the league.
That arrangement is totally dependent on Abramovich cancelling his loans. If he doesn't, then the administrator would need to get enough from the sale to pay them, but would then keep the money frozen until the sanctions are lifted, which could be years. However I think (not an expert on this so may be wrong) that sanctions would still apply if money from the sale might find its way to him. So Chelsea fans would get to find out if he really cares about the club as much as they think he does.
It’s all a bit of a giggle now, but one thing I’m sure of, there are more than enough MPs and people of power and influence that support Chelsea for any consideration that they might be in long term trouble.
I guess it's because I have a weird sense of humour but I am deeply upset that tickets can't be bought for Chelsea matches. I want to go with a tacky homemade cardboard sign saying: "Mason Mount - would you like my shirt?"
It’s all a bit of a giggle now, but one thing I’m sure of, there are more than enough MPs and people of power and influence that support Chelsea for any consideration that they might be in long term trouble.
Heard Dorries is Spurs and considering giving Chelsea to Southall for a quid.
This government and the nincompoop Nadine Dorries will, rightly allow the club to function until a new owner is in place. I do hope that owner is not another American with 'Super League'/non-sporting merit/'no relegation' aspirations, but I am not holding my breath.
Let's hope that the Tracey Crouch Fan-Led Review of Football Governance isn't permanently kicked into the long grass in the light of recent events.
It will be good to see Chelsea function back in the real world, although I doubt they'll have to wait another 50 years for their next title, as they did before Abramovich's takeover. That event led to a severe distortion of the English game and its economics, which is now sadly rooted in the game
The people i feel sorry for in all this are the ordinary behind the scenes workers at Chelsea, some of whom will no doubt lose their jobs as a result of the sanctions.
Scummy fans and scummy club....look what they did to the Valley in the 70's....
To be fair, the fire in The Covered End and the demolished turnstiles caused £25 of improvements.
I thought in his first statement he waived the return of his loans?
He's said that. I don't think he's signed any legal paperwork to actually do it. If he's willing to do that, and assuming the government will actually allow him to, things get very much easier for the club.
@DamoNorthStand if you don’t mind me asking, what were you doing there for work?
I have founded my own sports marketing business and one of my main investors is a board director at Chelsea. So we get free office space and use of the facilities there
makes a mockery of “fit and proper” when Thailand dictators, Saudi murderers and Russian money launderers are fit and proper. The FA needs to take some responsibility. I’d rather the money helped the derby’s and bury’s of this world. No sympathy for Chelski.
Comments
https://www.theguardian.com/commentisfree/2022/mar/11/roman-abramovich-vladimir-putin-chelsea-kremlin-russia
Football is the game....
That arrangement is totally dependent on Abramovich cancelling his loans. If he doesn't, then the administrator would need to get enough from the sale to pay them, but would then keep the money frozen until the sanctions are lifted, which could be years. However I think (not an expert on this so may be wrong) that sanctions would still apply if money from the sale might find its way to him. So Chelsea fans would get to find out if he really cares about the club as much as they think he does.
All I will say is knowing our luck it will lead to Palace being able to sign Gallagher for £250k. :-(
I want to go with a tacky homemade cardboard sign saying:
"Mason Mount - would you like my shirt?"
Hope she gets the dough up front
Let's hope that the Tracey Crouch Fan-Led Review of Football Governance isn't permanently kicked into the long grass in the light of recent events.
It will be good to see Chelsea function back in the real world, although I doubt they'll have to wait another 50 years for their next title, as they did before Abramovich's takeover. That event led to a severe distortion of the English game and its economics, which is now sadly rooted in the game