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Started By
Message
UK freezes Roman's assets
Posted on 3/10/22 at 3:57 am
Posted on 3/10/22 at 3:57 am
quote:
Steven Swinford @Steven_Swinford
45m
BREAKING
Roman Abramovich has been sanctioned by the Government and his asserts - including Chelsea Football Club - have been frozen
Chelsea have been given a special licence to continue with football related activities but the sale effectively bars the sale of the club
Steven Swinford @Steven_Swinford
43m
Sanctioning Chelsea Football Club effectively places it in limbo
A special licence from the Treasury means that 'football-related activities' such as tonights game against Norwich can go ahead
But Abramovich cannot sell the club
Steven Swinford @Steven_Swinford
41m
The Government would need to give special dispensation for the sale of Chelsea, and no money could go to Abramovich either directly or indirectly
'He [Abramovich] will not get a penny from the sale of the club'
Likely to be a protracted process
quote:
WhoScored.com @WhoScored
9m
With Roman Abramovich's assets frozen, among other things Chelsea are no longer allowed to sell tickets or merchandise, offer new contracts and sign or sell players
This means there will be no away fans permitted at Stamford Bridge for the foreseeable future
6
Posted on 3/10/22 at 6:25 am to Broski
quote:
@SkySportsNews
Chelsea's shirt sponsor Three say they are reviewing their relationship with the club after the British government announced sanctions on club owner Roman Abramovich.
Posted on 3/10/22 at 6:56 am to TFTC
No ticket sales.
No merchandise sales.
No new transfers/contracts.
No renewal of contracts.
Yeeeeeesh.
No merchandise sales.
No new transfers/contracts.
No renewal of contracts.
Yeeeeeesh.
Posted on 3/10/22 at 6:57 am to TFTC
From Reddit
quote:
What Chelsea can and cannot do under sanction Chelsea has been given a special license to operate while Roman is sanctioned. I summarized the license terms.
They can:
* Pay the wages, allowances and pensions of all employees of the Club, including players, coaching, corporate and administrative staff
* Pay fees, dividends or other allowances to directors of the Club except Roman
* Continue the payment necessary for the ongoing regular maintenance of the Club and the Club’s grounds, including rates, council tax, other taxes, insurance building safety inspection costs, energy costs and other maintenance costs associated with the maintenance of the Club’s ground and training grounds
* Pay reasonable costs of travel to and from fixtures for players and essential staff including costs for security staff, travel agencies or contractors. These costs include travel, accommodation and subsistence costs, but may not exceed £20,000 per game
* Make payments for the hosting of fixtures, including security, stewarding, emergency services and catering, not exceeding the value of £500,000 per fixture
* Sell food and drink at Stamford Bridge during fixtures
* Continue to make inter-club payments for existing player loan and sale agreements
* Receive payments from match broadcasts
* Receive fees from EFA, PL, and UEFA for league performance
* Be sold to a new owner with a special dispensation, provided Roman does not benefit financially from it
They cannot:
* Sell new merchandise. 3rd party sellers that already have merchandise can continue to sell them, but Chelsea will not receive funds.
* Produce new merchandise unless there is an existing agreement pre-sanction
* Sell new tickets to home or away matches. Existing ticket holders can continue to attend, including season ticket holders and those who have already purchased a ticket pre-sanction.
* Pay for new stadium capital works or refurbishments
* Buy, sell, loan, transfer, or otherwise enter any agreement for players (current players cannot be recontracted, and new players cannot be bought)
* Sign or recontract sponsorships The key part in the license: "Any funds which the Club receives must be frozen due to the asset freeze on (Roman)". The current license to operate is effective immediately until May, after which it expires. It can be reviewed and renewed again.
**tl;dr** existing contracts will be honoured, incoming funds will be frozen. They cannot enter any NEW financial agreements. The license will be reviewed again in May. Roman can still sell Chelsea under special dispensation but he cannot profit from it - effectively a 3B loss. If Roman doesn't sell and Chelsea runs out of money, they will go into administration.
This post was edited on 3/10/22 at 6:59 am
Posted on 3/10/22 at 7:05 am to jordan21210
All of that is ridiculous
Posted on 3/10/22 at 7:18 am to I Bleed Garnet
He knew it was coming and can avoid damage if they can get the sale done. Sucks for Chelsea fans, but Abromovich isn’t exactly a good guy. Good owner, sure.
Posted on 3/10/22 at 8:35 am to Broski
So we going to do Everton and New Castle?
I hate Chelsea, but this just seems like they could literally do this to anyone on a whim.
I hate Chelsea, but this just seems like they could literally do this to anyone on a whim.
Posted on 3/10/22 at 8:40 am to Broski
This is pretty fricked for Chelsea and their fans. No sympathy for Roman, but the UK people making this decision must be Arsenal fans.
Posted on 3/10/22 at 8:41 am to jordan21210
quote:
Sucks for Chelsea fans, but Abromovich isn’t exactly a good guy.
What exactly is he guilty of, financing the Russian war? Seems fricked up just like the Canadian shite where everyone’s assets can just be frozen on a whim. Scary times.
Posted on 3/10/22 at 8:58 am to Who_Dat_Tiger
Not really. Canadian truckers thing was messed up because they were ordinary citizens exercising their right to protest. Abramovich is a billionaire Russian oligarch who is a confidant of Putin and whose factories directly support the Russian military. No sympathy.
Posted on 3/10/22 at 9:26 am to Broski
Chelsea is my least favorite PL club but this is absurd
Posted on 3/10/22 at 9:32 am to Draconian Sanctions
Yeah this is wild
Posted on 3/10/22 at 9:48 am to lionward2014
quote:
This is pretty fricked for Chelsea and their fans. No sympathy for Roman, but the UK people making this decision must be Tottenham fans.
Posted on 3/10/22 at 10:06 am to supatigah
Rent boys in tMud
Posted on 3/10/22 at 10:44 am to S
Adios, Christensen. Hasta luego, Azpilicueta. Cheers, Rudiger.
Looks like Chelsea might not have a defense for their Championship opener.
Looks like Chelsea might not have a defense for their Championship opener.
This post was edited on 3/10/22 at 10:53 am
Posted on 3/10/22 at 11:02 am to S
Posted on 3/10/22 at 11:14 am to CobraCommander83
Posted on 3/10/22 at 11:17 am to TxTiger82
Posted on 3/10/22 at 11:27 am to TxTiger82
quote:
Three/Drei suspends sponsorship of CFC.
talkSport twitter reporting
quote:
A kit man in Norwich is now heading down to Sports Direct to buy 20 plain blue football tops, it has been reported #CFC
Posted on 3/10/22 at 11:43 am to CobraCommander83
shite plastic club in the fricking mud
Get fricked rentboys
Get fricked rentboys
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