Unlike City/CFG and our ownership structure, where we don’t owe anything to any of our owners and we essentially own ourselves anyway; Chelsea are in debt to Abramovic to the tune of £1.514bn. It’s the biggest debt of any club in football, miles higher than Liverpool’s (£386m) and United’s (£420m), and even dwarfs Tottenham’s (£706m)… it’s a larger debt than Madrid’s (£770m) and even Barça’s (£1.2bn).
Where that leaves Chelsea in terms of Abramovic having his assets frozen/seized, I’m not sure. Nor where it leaves them if he has to sell the club. Nor where it leaves them if Abramovic loses his money like so many Russians have since their stock market crashed yesterday (Gennady Timchenko lost £5bn overnight). Nor where it leaves them long term anyway if Abramovic finds a way to get around this or Russia pull out and things go back to normal.