Chelsea Thread - 2021/22

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Bozzie said:
They've just been discussing the Chelsea/Putin/Abramavic connection on the Jeremy Vine programme. A rather pro Russian journalist called Ella something and, to offer an expert analysis from a football perspective ..... Mike (Fucking) Parry!!
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Isn't Parry an alumni of the LSE, Harvard, Yale and Princeton?
 
Bozzie said:
They've just been discussing the Chelsea/Putin/Abramavic connection on the Jeremy Vine programme. A rather pro Russian journalist called Ella something and, to offer an expert analysis from a football perspective ..... Mike (Fucking) Parry!!
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It could have been worse, it might have been camel gob. I'm sure that prick's entire vocabulary is made up of:
"Yeah," "I fink so" and "Wot?" But then I remember reading somewhere that the pisscan only wanted players with an extraordinarily low IQ, like Beckscum, Shrek, Wio and many others.
 
StillBluessinceHydeRoad said:
FFP takes the simplistic view that if a club never spends more than the revenue streams permitted by FFP bring in a club will always be healthy financially. It took the view that clubs with existing debts had merely to be able to pay the interest on that debt without overspending to meet the demands of FFP. R A's loans to Chelsea were interest free and so there was never a danger of falling foul of the regulations. If he sells the club the only problem for the new owner and Chelsea would appear to be that R A has had to make these interest free loans to the club quite frequently to finance rebuilding to keep the club at its present level and the new owner might not be prepared to do this.

All this is strictly football finance and, I suspect, is of little interest to our government which is concerned with Russian holdings in the UK, the movement of capital and the functioning of the Russian economy to finance their war of aggression in the Ukraine. At the moment R A is not sanctioned by the UK any further as a result of the war than he was previously. The reason for this is unclear. Is it because he is a friend of our PM or is it because we are not convinced he is close to the Kremlin? In general the oligarchs profited from the 'privatisation' of Russian natural resources and assets in the aftermath of the disintegration of the soviet union. None of them woke up one morning to realise with astonishment that they had quite suddenly become billionaires. RA seems to have had a rather colourful business career but he appears to have acquired his controlling interest in Sibneft, a large oil company worth billions of dollars, in very shady circumstances, which suggests some powerful contacts. By the end of the 90s he was close to Yeltsin and in 2000 was the first to suggest Putin as Yeltsin's successor. In 1999 he was elected to the Russian Parliament and from 2000 to 2008 he was the governor of Chukotka. When he resigned in 2008 he was awarded the Order of Honour by the then president Medvedev, the very close associate of Putin.

All this is evidence of close association with the Kremlin and the question is whether his holdings outside Russia are in reality ways of of keeping wealth that the Kremlin can realise in western currencies in time of need or genuine investments by RA. Is Chelsea an example of soft influence to make it easier to realise other assets? Or is this kind of influence restricted to Abu Dhabi!!!! At present, Chelsea should be largely unaffected by such issues.
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Just to add to that, Medvedev was deputy chairman at Gazprom when Gazprom bought Sibneft from RA for $13Bn in 2015.
 
Keeper! said:
Let's hope so, humans are greedy by nature and the only way to stop dictators is to cut off their money supply/assets, hence why their property should be seized immediatly and the people holding it should be arrested and imprisoned, human rights go out of the window in a war.

Fight dirty like they do, it's the only way to get them to listen and show respect.

We as a country have allowed Russians to launder money in our country for well over a decade, simply a national embarrassment, we have allowed the Russian's and Putin to fund this war.
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A decade!!! Keep going further back pal. London, Paris, NYC have all had Russian money running through their economies for decades.
 
KentBlue said:
It could have been worse, it might have been camel gob. I'm sure that prick's entire vocabulary is made up of:
"Yeah," "I fink so" and "Wot?" But then I remember reading somewhere that the pisscan only wanted players with an extraordinarily low IQ, like Beckscum, Shrek, Wio and many others.
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No wonder pig ginger had such a long career at the swamp!
 
Keeper! said:
Don't understand that if all these oligarchs are taking care of Putin's money and I have zero doubt they are, in this situation, IE WAR , why are they not arrested and all assets taken away?

This as said is a war situation, rights have to go out of the window, just like they have done to the people of the Ukraine.

The only way to stop Putin is to have the people of Russia overthrow him, and the only way to do that is to force the oligarchs against him.
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Agree with you but these so called oligarchs have powerful connections in our establishment- that’s essentially why our list of sanctioned individuals is shorter than the EUs or the United States. As Starmer said yesterday the UK sanctions amount to nothing more than 18 months to sell your assets and move them elsewhere….
 
nmc said:
Agree with you but these so called oligarchs have powerful connections in our establishment- that’s essentially why our list of sanctioned individuals is shorter than the EUs or the United States. As Starmer said yesterday the UK sanctions amount to nothing more than 18 months to sell your assets and move them elsewhere….
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Respect to the French and Germans for already taking luxury yachts.

Our politicians, Royals, lawyers and accountants have too many skeletons in the cupboard to hide, a disgrace.
 
this could have a big knock on effect for the other 2 or 3 premier league top clubs in buying future players.
newcastle now have a door being slightly opened if chelsea are not bought by a person willing to drop £billions into the club. also it will bring united back into the pack with only manchester city and liverpool still miles ahead

i think chelsea will find it hard to find somebody willing to buy them at the asking price and cover the debt ?
this could end up being like leeds utd for chelsea ? a fire sale and asset stripped
 
hammocity said:
My reading of the 1.5b is it’s on the books as a soft loan with zero interest being paid back. It’s essentially non football generated income but because it was provided before FFP nothing can be done about it. It wouldn’t be allowed now.
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FFP doesn’t deal with debt directly you wouldn’t be allowed to run up such losses I don’t think but don’t know how much Chelsea lost in the early days I seem to think a lot less than us and they have made money recently. You are still allowed to convert losses into debt rather than Shareholder capital as we did which is much safer as we might find out with Chelsea

mad far as I understand it the debt has already been accounted for in the accounts when the loss occurred which became a debt owed to him not any other clubs or anyone else
 
SterlingSilvas said:
View attachment 37714

Found this chart from Swiss Ramble.
and this explanation (not sure how it works personally)

"He swapped the loan for equity (ie shares). If he sells then he gets whatever his share of the club is (out of whatever he sells it for). The £1bn of loans does not exist (well , it does in the form of equity)."
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I hesitate to gainsay the great Swiss Ramble but that's not correct. He converted the loan to equity in Chelsea's books but he "moved" the loan to the holding company Fordstam. It's now just over £1.5bn
 

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Prestwich_Blue said:
I hesitate to gainsay the great Swiss Ramble but that's not correct. He converted the loan to equity in Chelsea's books but he "moved" the loan to the holding company Fordstam. It's now just over £1.5bn
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Good find. The only question now, is how much of the 1.5bn was loaned between 2011 to 2022. Since the interest free loans themselves seem like a way around FFP(why else would he feel the need?), I assumed most of it was done during the FFP era but some are suggesting otherwise.

I suppose that's more for curiosity's sake, if UEFA weren't bothered about it before, they aren't going to come down on them now.
 
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Prestwich_Blue said:
I hesitate to gainsay the great Swiss Ramble but that's not correct. He converted the loan to equity in Chelsea's books but he "moved" the loan to the holding company Fordstam. It's now just over £1.5bn
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Ta only the image was from Swiss, the explaination elsewhere..
 
Can’t see anyone paying anywhere near 3 billion, he’s desperate to sell because of the sanctions. Dirty Russia money has been in our banks for years and well known but now the Gov want to act only now. Boils my piss.
 
city2 said:
Can’t see anyone paying anywhere near 3 billion, he’s desperate to sell because of the sanctions. Dirty Russia money has been in our banks for years and well known but now the Gov want to act only now. Boils my piss.
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Cynic in me would say the UK Gov gave him the nod to cash out before they will "take" it, as a little reward for all his help over the years.
 
That mental eyed lady that has bought Newcastle has said that she doesn't think it fair Abramovich should have to sell Chelsea because of his relationship with a person. That says more about her than anything. That person is Putin, a fucking dangerous lunatic. She can fuck right off
 
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