Saudi Media Group makes £2.7bn bid for Chelsea March 14, 2022 The biggest media group in the Middle East Saudi Media Group has made a £2.7bn offer to scoop up Chelsea as the football club races to find a new benefactor following Roman Abramovich’s sanction by the UK government. The sanctions block any new money going into the Premier League club, effectively forcing Abramovich to offload Chelsea [...]
Chelsea keep going but controversy follows club onto the pitch in ‘sportswashing derby’ March 13, 2022 After a week in which Chelsea’s future was plunged into grave doubt by the sanctioning of Roman Abramovich, today’s visit from Newcastle was about keeping going. Keeping going in the Premier League, where their hold on third place suddenly looked less secure; keeping going as a business, if technical advisor Petr Cech’s pre-match comments which [...]
Chelsea FC: Candy wants a fan representative on board March 13, 2022 Potential Chelsea FC buyer Nick Candy wants a ‘fan representative’ on a future board and will offer short-term funding to secure the club. The property developer is one of a series of interested parties looking to buy the London club, who’s sanctioned owner, Romain Abramovich, put up for sale. Candy is a childhood Chelsea supporter [...]
Three Mobile suspends £40m Chelsea sponsorship amid Abramovich sanction March 10, 2022 Mobile giant Three has said it is reviewing its £40m sponsorship of Chelsea following the UK's sanction of owner Roman Abramovich.
Chelsea in race to find new backer or risk administration as Abramovich sanctions bite March 10, 2022 Chelsea face a race to find a new benefactor after Roman Abramovich was sanctioned by the UK government – or run the risk of administration. The sanctions prevent any new money going into the Premier League club, effectively forcing Abramovich to offload Chelsea or watch it run out of money. The club have consistently spent [...]
Chelsea match given go-ahead by Premier League despite Abramovich sanctions March 10, 2022 The Premier League has said Chelsea can face Norwich City as planned this evening despite the sanctioning of Roman Abramovich. Uncertainty surrounds the future of the club after Abramovich had his assets frozen by the UK government over his alleged links to Russia and its prime minister Vladimir Putin. “Following the UK Government’s announcement that [...]
Explained: What Roman Abramovich sanctions mean for Chelsea sale, matches and transfers March 10, 2022 The future of Chelsea FC has been plunged into uncertainty after owner Roman Abramovich was sanctioned by the UK government today. Abramovich has had his assets frozen because of his links to Russia and its prime minister Vladimir Putin, and that has major ramifications for the Premier League club’s operations and his plan to sell [...]
Roman Abramovich facing sanctions as UK adds Chelsea owner to Putin oligarchs hit list March 10, 2022 Chelsea owner Roman Abramovich has been added to the UK’s sanctions list, Culture Secretary Nadine Dorries said. She said Vladimir Putin’s attacks on Ukraine involved “new levels of evil by the hour” and the Government had announced further sanctions “against individuals linked to the Russian Government”. “This list includes Roman Abramovich, the owner of Chelsea [...]
Saudi Arabia’s PIF and Amanda Staveley should have waited to buy Chelsea instead March 10, 2022 I can’t help thinking that Amanda Staveley and her consortium have bought the wrong football club. Had they waited just five months they could have had Chelsea FC rather than Newcastle United. A mooted £3bn price tag may be 10 times the price paid for the Magpies, but still well within the means of Saudi [...]
From Abramovich to the Saudis: Football clubs have become the laundry for muddy reputations March 4, 2022 In 2003, Roman Abramovich bought Chelsea Football Club. In the years thereafter, a perennial underachiever became one of the most successful clubs in English football, a five-times Premier League champion and twice winner of the Champions League, the pinnacle of European football. Today, they are the reigning European and world club champions. Results on the [...]