Chelsea's own revenue, topped up by Abramovic?
You're doing a terrible job of hiding how nervous you are.
You're aware that Chelsea were on the brink of bankruptcy prior to Abramovic taking over?
Liverpool weren't though, as confirmed by court documents in Hicks' failed attempt at suing RBS. Chelsea on the other hand were on the brink of going bust. And this was in the early 2000's, when there weren't a number of billionaires queuing up to buy football clubs that were losing millions of pounds.
How does land pay a bank? It's well documented, by Chelsea's current Chairman no less, that Chelsea were about to default on a £75m debt repayment prior to RA flying in. Chelsea would have gone into administration.
Blissfully ignorant or naive, I don't know but you're so so wrong. As I said, there are quotes from Bruce Buck about the fact that Chelsea were about to default on a £75m repayment - they were losing lots of money and couldn't afford to pay their bills, they weren't getting another loan. Football wasn't as fashionable nor financially attractive to investors as it is now either. Chelsea were about to do a Leeds. And James Ratcliffe's interest was only around 15 years after RA's takeover
There's no restrictions on him, yet, in the UK, EU or US.how is it even possible for him to sell it anyway when their are restrictions on Russian billionaires now
You cannot sanction somebody just for being Russian and the Liz Truss has already confirmed that the government have received pre-emptive legal letters from legal firms representing various Oligarchs in a bid to stop their clients being sanctioned.thats an absolute ****take
the fact Russian billionaires can just sell all the assets and run back to russia or wherever with no consequence
You can stop Russia, you cannot stop Russian's playing football - there's literally loads of them playing for sides outside of Russia. The UK (EU or US) cannot just seize the assets of anybody just because they're Russian. There needs to be a legally tight justification for doing so or they'll face legal challenges - we've already seen some of the Oligarchs indicate that they're going to challenge the EU sanctions placed on them.
Whether they're challenging the sanctions because it's a minor inconvenience or because their lawyers believe they'll be successful, I don't know however no government is just going to sanction somebody without the decision being legally secure, no matter how much you or some 15 year olds on twitter think they should. As I've said, the government have already received threatening letters from lawyers working for these Oligarchs before they've even issued these sanctions.
Nothing has been proven. He's not even been sanctioned (yet) and even if he were, that wouldn't prove that his money was dirty - it would simply be that he's close to Putin or the Kremlin in one way or another.Just like his initial statement about handing over stewardship to the Chelsea foundation, this statement leaves just as many questions as answers. He claims that net proceeds from the sale will go into a charity (for who? Russian victims of the war or Ukrainians?) but what does he mean by net proceeds? Is it simply the sale price less any expenses or does he mean the sale price less his investment into Chelsea. If it's the latter then, if as he claims and he turns that £1.5bn into equity, his total investment into Chelsea now climbs to £1.65bn(ish) and therefore there would be no net proceeds for a sale up to that amount.
He, along with many others, were essentially allowed to steal Russia's wealth in return for helping rig the 1996 elections, securing Yelsin's reelection. Although you'll never be able to prove anything concrete, you have to ask questions about his role in the 'aluminum wars' in Russia which he was heavily involved in and resulted in many rivals of his being murdered. You have the issue Random Guy touches on, where he's admitted in the high court that he paid Boris Berezovsky (at the time a higher up, more powerful Oligarch) bribes to protect him during these aluminum wars. Berezovsky tried to sue RA some years back regarding this, claiming he was in fact Abramovich's partner, he lost and died in suspicious circumstances a few years after. It's worth noting that Berezovsky didn't just fall out with Abramovich but also Putin so who knows who was responsible for his questionable suicide.
