The Sanctions Against Abramovich

This topic contains 419 replies, has 20 voices, and was last updated by Blueowner Blueowner 4 months ago.

Viewing 20 posts - 361 through 380 (of 420 total)
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  • #2090963
    Blaze
    Blaze
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    • :

    I still don’t know what Roman did wrong, his against the war, his donating all the money to Ukraine, he didn’t know all this was going to happen when he was friends with physco Putin, Roman used his brains and courage to make his fortune, he did not get anything for free. I am reading now he may want his money from the sale to pay off his debt, can’t say I blame although there’s obviously serious implications with that.

    #2091079
    Blaze
    Blaze
    Participant
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    The reports that Roman now has changed his mind and wants the debt repaid and understandably why is very disturbing. This could now drag out and we are in a certain amount of danger of being dissolved, not me that’s saying it but these are the reports that are starting to flow in everywhere. I don’t understand the implications as his sanctioned. This government has really cocked this up in my view by going after the soft and innocent targets.

    #2091102
    Blueowner
    Blueowner
    Participant
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      This is indeed very worrying developments, Roman wants his debt paid off now and I cannot blame him for his anger after the way his been treated and after all he did not only for the club but for the area and country, I don’t understand how all this is going to pan out as if his sanctioned he cannot get paid back. Time as well is against Chelsea.
    #2091118
    Blueowner
    Blueowner
    Participant
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    Someone just told me Romans assets have been frozen not seized so he can stop the sale of the club if he wishes too and then with all these other issues on the go the club will probably cease to exist. I’m just asking cause I don’t know the consequences of all this, I am of course hoping it’s not true, anyone else out there that hopefully can put our minds to rest?

    #2091133
    chelsea1967
    chelsea1967
    Participant
    • :

    As spiteful as all of this is between Roman and the Government, I doubt if he would want the club to fold. That would be a complete 360 degree turn on his attitude when this issue first started. I’m guessing its all a storm in a tea cup and we’ll move toward a conclusion with the sale. Hopefully that is the case. It’s certainly in nobodies interests for the club to go belly up and therefore they should find whatever solutions that are available and implement and complete the transaction. .

    #2091143
    Luckydestiny
    Luckydestiny
    Participant
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    Well my nan always said if it sounds too good to be true, it probably is…

    That’s exactly how it sounded when Abramovich said he was not asking for any loans repayments, but the “net proceeds” part of that statement never made sense either.

    Was the intent to agree a sale, settle the debt of Fordstram and then allow the remaining monies to be transferred to to charity?

    Roman owns the holding company which is over 1.5 billion in the red..if chelsea is sold for 4bn and Abramovich see’s none of that he will still own Fordstram and be liable for its debt right?

    I don’t think we can be sold without his consent…very nervous.

    #2091156
    BlueLion
    BlueLion
    Participant
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    This article explains the situation pretty well without the sensationalism of that bloke from Sky Sports:

    https://www.cbssports.com/soccer/news/chelsea-sale-enters-home-stretch-with-todd-boehly-confident-despite-rogue-bid-from-jim-ratcliffe/

    It seems it’s not so much Abramovich changing his mind and wanting the debt repaid, more a case of it’s not legally possible for him to write the debt off whilst under sanctions. The most likely outcome would be that Boehly consortium takes on the debt themselves, and maybe (hopefully) Abramovich will write it off at a later date when possible.

    #2091177
    Luckydestiny
    Luckydestiny
    Participant
    • :

    It’s very confusing BL, I would have thought if there was a special licence granted for sale we could have a license to tie up the loans too. Sure there is a lot to ot I don’t know that is complicated but in essence it just takes signed agreement that the debt is forfeited right?

    I am thinking that initially this debt was to be paid from sale proceeds with remainder going to war victims, but since then Roman was sanctioned and its out of his hands.

    Anyway it shouldn’t prevent the sale as the government have the power to sell the club and hold proceeds until the issues are resolved which wouldn’t suit anybody and we can’t have the club sold with the debt hanging over us, unless of course the cost of the debt is deducted from the orice the new owners were going to pay and they take it on…but that makes no sense either as how can we make repayments to a company owned by Roman whilst under sanction? Will the debt sit there until sanctions are lifted? Then what?

    #2091272
    aindro
    aindro
    Participant
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    This takeover problem is much more worrying to me than the ‘finishing in the top 4’ problem. If this fails, we can’t even compete for next season. No wonder this is affecting Tuchel and the players. They must have heard deeper rumours than us. I would not try to speculate but should Abramovich demand his 1.5b back, we’re screwed, it’s finished for CFC, as the UK govt won’t allow the sale as Abramovich is under sanction at the moment.

    I just hope that this week, these 5 days are productive for Boehly & co and CFC so that they would be able to conclude the takeover. I wouldn’t even consider Ratcliffe who sounds like an ideal owner for us. Boehly & co please find an agreement with CFC and finish this takeover process.

    #2091305
    BlueLion
    BlueLion
    Participant
    • :

    In more positive news, it’s being reported that Todd Boehly has passed the premier league’s owners and directors test.

    #2091363
    BlueLion
    BlueLion
    Participant
    • :

    Not a massive fan of Simon Jordan, but he does a very good job of explaining the situation here:

    #2091376
    aindro
    aindro
    Participant
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    BlueLion, IMO, it’s not the Premier League that would be the biggest problem. It’s more the deal between the current owner (Abramovich) and the new owner (Boehly & Co). I understood that Boehly, Pagliuca & Sir Broughton were all okayed by Premier League.

    Should Abramovich demand the new owner to pay CFC’s debt to him, the sale won’t get the green light from the UK govt as Abramovich is under sanction. At least that’s what I understand. The agreement between Abramovich & Boehly found and is not violating any UK govt restrictions. And it has to be done before May 31st. Otherwise CFC fold

    #2091386
    BlueLion
    BlueLion
    Participant
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    Aindro, yeah that was my main concerns also. But as explained by Simon Jordan in the above video (and he does seem to know what he’s talking about) The government could take executive control of the club from Abramovich and sell to Boehly. The money would be held in an escrow account until an agreement between the government and Roman can be reached at a later date. Not an ideal scenario, but one in which Chelsea are not under threat of going bust.

    #2091644
    Blueowner
    Blueowner
    Participant
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    The government will temporarily hold the 1.6 billion debt untill it’s decided what the final decision will be so it has not affected the sale.

    #2091824

    young_blue
    Participant
    • :

    Following speculation in media in relation to the sale of Chelsea FC, we would like to clarify the following points…
    Firstly, Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed.

    Since the initial announcement, Mr Abramovich’s team has identified senior representatives from UN bodies and large global charitable organizations who have been tasked with forming a Foundation and setting out a plan for its activities. The lead independent expert has had conversations with Government representatives presenting the structure and initial plans.

    Mr Abramovich has not been involved in this work and it has been managed independently by experts with years of experience working in humanitarian organizations.

    Secondly, Mr Abramovich has not asked for any loan to be repaid to him – such suggestions are entirely false – as are suggestions that Mr Abramovich increased the price of the Club last minute. As part of Mr Abramovich’s objective to find a good custodian for Chelsea FC, he has however encouraged each bidder throughout this process to commit investing in the Club – including in the Academy, Women’s team, necessary redevelopment of the stadium as well as maintaining the work of Chelsea Foundation.

    Following sanctions and other restrictions imposed on Mr Abramovich by the UK since announcing that the Club would be sold, the loan has also become subject to EU sanctions, requiring additional approvals. That means that the funds will be frozen and subject to a legal procedure governed by authorities. These funds are still earmarked for the Foundation. The Government are aware of these restrictions as well as the legal implications.

    To be clear, Mr Abramovich has no access or control of these funds and will not have any access or control of these funds following the sale. Despite the changing circumstances since his initial announcement – he remains committed to finding a good custodian for Chelsea FC and making sure the proceeds go to good causes.

    Spokesperson for Mr Abramovich

    There you have guys. The media like to destablise Chelsea.

    #2091950
    Mightymouse
    Mightymouse
    Participant
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    Why oh why are our managers so foolish, we have lost Abraham,de Bruyne, Salah, Declan Rice, Mata when he was at his very best, the list goes on and on we even had Lukaku before we sold him for virtually nothing and then bought him back for 90 odd million wasted bucks, I certainly would not run a club in this manner.

    #2091981
    chelsea1967
    chelsea1967
    Participant
    • :

    I’m guessing you and your mate are running some sort of a competition to see which of you can go over the same old negative anti Chelsea stuff the most. A tug – a – thon if you like.

    #2092305
    chelsea1967
    chelsea1967
    Participant
    • :

    Woo Hoo it’s official re the purchase of the club

    https://www.chelseafc.com/en/news/2022/05/06/club-statement

    #2092399
    aindro
    aindro
    Participant
    • :

    I am relieved that there’s an agreement with Boehly consortium. We need an owner to operate and at least CFC would have an owner soon. Hope that all this takeover will conclude this month and the club will be ready for the new season.

    #2092966
    Mightymouse
    Mightymouse
    Participant
    • :

    Boehly is rightly already interfering in team selections I support him all the way. It’s 100% correct, the owner has a right to interfere if the manager insists with his bad strategy and selections and poor form, it’s the owners club after all, the manager can’t keep making such suicidal decisions. It’s going to cost us big time.

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