Rival watch

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PleaseNotPoll said:
This is true, but Abramovich was part of the wild west era and is very close to Putin.
He's like the consigliere to Putin's don. He's not a victim, by any stretch of the imagination.
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He may be (comparatively) safer, but the bottom line
is that Roman is still beholden to the same Faustian pact.
 
Citizen Kane. said:
Just catching up on the Chelsea uproar.

This is completely new legal terrain for the Govt and the PL (although it should have been in the basic legalese of the bloody fit and proper persons test. Farcical.) and so I am thoroughly confused. Can someone summarise the absolute worst case scenario for Chelsea FC?

I'll then take the summary, put music to it and dance dance dance. <party>
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I think the £1.5 B loan they have from an Abramovich company counts as an Abamovich asset so that could be seized and Chelsea made to pay it back. However I guess that will just be taken into account in any valuation.
 
Why Chelsea should be relegated from the Premier League - The Telegraph
Why it's time to nationalise Chelsea Football Club - The Financial Times

Both behind paywalls, so I won't post links here. I'm sure they're right, though. <whistle>
 
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They're all going to do this until the club's sold, which I doubt will take long.
 
Alfie Conn said:
And so it came to pass for the chavs , laughs much I need a Tennaman pad , my grand dad used to say " play with feathers you will get your bum tickled "
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Completely off topic, but years back in Tesco I ran into the mother of one my son's school friends who I was greatly attracted to. Now she was married but you still want to make a good impression don't you? So I stopped and we had a chat. When we finished I moved off to realise that there were two things in my shopping basket I had been holding in front of me. Two boxes of Tenna Man.

(This was shortly after my prostate surgery and until you can sort out your 'pelvic floor' you leak considerably - and I must say Tenna Man are very good.)
 
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Blue and White said:
Surely the restrictions were put in place as the owner (RA) gets the money from ticket sales. And the intention is to stop him ''earning'' money.
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Given that their revenue is all basically frozen, I'm not sure how that helps anyone.
It just looks like a way of pressuring him to sell quickly, to me.
 
vimhawk said:
Completely off topic, but years back in Tesco I ran into the mother of one my son's school friends who I was greatly attracted to. Now she was married but you still want to make a good impression don't you? So I stopped and we had a chat. When we finished I moved off to realise that there were two things in my shopping basket I had been holding in front of me. Two boxes of Tenna Man.

(This was shortly after my prostate surgery and until you can sort out your 'pelvic floor' you leak considerably - and I must say Tenna Man are very good.)
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Start a new post , TENNA CHAT , could be the most popular on the Spurs forum <laugh>
 
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What today is underlining more than anything else is the difference between a rich club and a club with rich owners

For a couple of obvious examples of a rich club, look at Man Utd or Liverpool who have always had plenty sloshing around the coffers so they have always had liquidity even if they miss out on the CL for a season or two, so if their owners got sanctioned for whatever reason it wouldn't be instantaneous financial armageddon for them

On the other hand there's clubs with rich owners where the owner might have liquidity but the club certainly don't, which is certainly where Chelsea, The Sheikh Mansour Team and Everton fall and that's where a couple of poor seasons, sanctions, the owner falling gravely ill or even mere hubris on the owner's part could scupper the club long-term, and this is why the balancing act is needed

For the best example of that, did you know that Barnsley's owners are worth $9.1bn? Now let's put that figure into context
Chelsea's owners - $14.6bn
Man Utd's owners - $4.7bn
Liverpool's owners - $3.6bn
Leicester's owners - $2.15bn

Long story short, Barnsley's owners are worth two, three or four times what the owners of those clubs are worth, or to put it another way 2/3 of what Abramovich is worth, and yet they're not spending insanely because they are aware that, while the club's owners are rich, if they bet big on promotion and fail to get it, the club's future will look something like this

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And that is the difference between a rich club and rich owners. A rich club can have a couple of bad seasons and still maintain financial stability, while a club with rich owners are existing on a life support machine and the question is what happens if the plug is pulled, because while there are examples of somebody plugging the machine back in (i.e. The Sheikh Mansour Team swapping their Thai criminal for an Emirati one) there's several examples of the machine not being plugged in such as Leeds, Malaga, Parma, Dnipro, or Gretna
 
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