Non - Roman Abramovich

The remaining contenders to buy Chelsea FC have been told they must commit at least £1bn to future investment in the club if they are to succeed in the battle to end Roman Abramovich's two-decade tenure as owner of last season's Champions League-winners.

Sky News can exclusively reveal that the quartet of bidders which were this week approved by bankers to proceed to formal offers will have to give contractual guarantees that at least £1bn of additional funding will be available for the Blues' Stamford Bridge stadium, playing squad and other areas of development.

https://news.sky.com/story/bidders-...f-chelsea-as-four-way-shootout-looms-12575355
 
The fan-led group co-founded by the former Chelsea captain John Terry that wants to buy a 10% stake in the Premier League club is in "positive" talks with two of the shortlisted bidders, according to the banker advising it.

Sky News understands that the True Blues Consortium has approached three of the four consortia vying to end Roman Abramovich's near-two decade tenure as owner of the Stamford Bridge club.

Sandford Loudon, a partner at Oakvale Capital and True Blues Consortium representative, said on Wednesday that he anticipated sufficient demand to acquire a 10% shareholding in Chelsea if it was sold at a £2.5bn valuation.

"Thousands of supporters and dedicated fans have contributed over £100m to True Blues," Mr Loudon said.


Sky News (@SkyNews) Tweeted:
Chelsea FC sale: Terry’s True Blues consortium in “positive” talks over purchase of stake https://t.co/FH9Ex0Om4v

https://twitter.com/x/status/1509222544276140044
 
I love how the skin was peeling off his face earlier this month after trying to be an intermediary and we're still talking about his poxy football club.
 
The £4.25bn takeover of Chelsea Football Club has been thrown into fresh doubt amid a renewed impasse between owner Roman Abramovich and Whitehall over the deal's terms.

Sky News understands that government officials have doubts about whether a special licence needed to approve the sale will be issued before a deadline at the end of the month.

People close to the discussions say that ministers have yet to receive the assurances they are seeking from Mr Abramovich about the destination of the £2.5bn sale proceeds.

https://news.sky.com/story/chelsea-...ovich-for-fresh-assurances-over-sale-12614656
 
billythekid said:
The £4.25bn takeover of Chelsea Football Club has been thrown into fresh doubt amid a renewed impasse between owner Roman Abramovich and Whitehall over the deal's terms.

Sky News understands that government officials have doubts about whether a special licence needed to approve the sale will be issued before a deadline at the end of the month.

People close to the discussions say that ministers have yet to receive the assurances they are seeking from Mr Abramovich about the destination of the £2.5bn sale proceeds.

https://news.sky.com/story/chelsea-...ovich-for-fresh-assurances-over-sale-12614656
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F♡♡♡ it. Nationalise it and call it a brexit dividend.
 
I'm obviously missing something here but as the UK government have put sanctions on RA surely he doesn't get to chose what happens with the sale proceeds? Surely we have confiscated his assets- no?
 
The ownership structure is not simply a matter of Roman Abramovich owns Chelsea. I can’t be bothered to look it up but, from memory, there is a parent company which in turn is owned by a company in Cyprus. (Cyprus is awash with Russian money.). It isn’t clear who the ultimate owner of the Cypriot company is: it might be Abramovich or, more likely, a family trust. Since Abramovich will have been aware of the risk of sanctions for some time he has probably taken steps to place ownership in the hands of entities or persons not subject to sanctions.

The debts supposedly owed by Chelsea to Abramovich are ultimately owed to the company in Cyprus and, if paid over to it, there would be no control over what then happened to the money. Abramovich has promised to pay the money over to an unspecified charity, but so far without any safeguards to ensure that would happen.
 
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Sorry Roger said:
The ownership structure is not simply a matter of Roman Abramovich owns Chelsea. I can’t be bothered to look it up but, from memory, there is a parent company which in turn is owned by a company in Cyprus. (Cyprus is awash with Russian money.). It isn’t clear who the ultimate owner of the Cypriot company is: it might be Abramovich or, more likely, a family trust. Since Abramovich will have been aware of the risk of sanctions for some time he has probably taken steps to place ownership in the hands of entities or persons not subject to sanctions.

The debts supposedly owed by Chelsea to Abramovich are ultimately owed to the company in Cyprus and, if paid over to it, there would be no control over what then happened to the money. Abramovich has promised to pay the money over to an unspecified charity, but so far without any safeguards to ensure that would happen.
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And who says the rich know how to avoid paying their share of taxes?
 
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