Premier League

The sale of Chelsea is up in the air, the 1.6 billion the Blues owe Abramovich must be repaid

Published

4 years ago

May 3, 2022

Madelyn

The sale of Chelsea is up in the air, the 1.6 billion the Blues owe Abramovich must be repaid

Chelsea’s buying and selling process changed at the last minute and now the £1.6billion loaned to the club by Roman Abramovich has to be repaid.

The sale of Chelsea didn’t go down to the final straight, the Times newspaper claims in an exclusive report. The bid led by Todd Bolly appeared to have the upper hand and the formal process for the share buyback remained in place, but Roman Abramovich’s side activated…a bombshell.

According to the English publication, the buyer of the “Blues” will have to pay an amount of around £1,600,000,000 to Camberley International Investments, a Jersey-based offshore firm said to be linked to Abramovich and a creditor to Fordstam Ltd., parent company of Chelsea.

The domestic debt that the Russian tycoon has offered Londoners all these years was transferred to the offshore company incorporated in the Jersey registers in 2020 and its real ownership status is unclear.

According to the Times, Chelsea informed the UK government and potential buyers last week that they wanted to change the way the team would be bought and sold, including repaying the loan. All this at a time when Abramovich had stated that he would not ask for this money and that the money from the sale would be donated to a charity to help the victims of the Russian invasion of Ukraine.

Abramovich’s side allegedly claims that the sanctions imposed on him by the UK procedurally prevent him from donating this money, and for the sale to proceed he must “close” the internal borrowing chapter that is on the The most recent balance sheet is £1,514,000,000 but is estimated to have gone up.

“We need to track the money and see if the loan repayment from Clearlake (the investment firm that will lend Bolly the takeover money) gets government approval. We asked for the help of large groups in the banking world and “They couldn’t see how the 1.6 billion wasn’t going to end up with Abramovich or his people.” a source from one of the other potential buyers told the Times.

Source: sport 24

Madelyn

I am a sports writer and journalist who has written for various online publications including Sportish. I’m originally from the UK but currently live in Toronto, Canada. I’m also an author on Sportish and have written several articles on a variety of sports-related topics.

Premier League

Sir Jim Ratcliffe’s era officially at Manchester United

Published

2 years ago

December 24, 2023

Sophia

Sir Jim Ratcliffe’s era officially at Manchester United

Historic day for Manchester United when British billionaire Sir Jim Ratcliffe acquired 25% of the club’s shares from the Glazer family.

After 13 months of negotiations, Sir Jim Ratcliffe acquired 25% of Manchester United’s shares for £1.25 billion (€1.44 billion).

The British billionaire will take charge of the club’s football operations and says he will invest 272 million euros ($300 million) in Old Trafford. At the same time, he made a proposal to acquire a further share of the shares (up to 25%).

In order for the deal to be finalized and formally concluded, it must be approved by all bodies, including the Premier League, as is the case with such deals.

Source: sport 24

Sophia

Sophia Jhon is a sports journalist and author. He has worked as a news editor for Sportish and is now a sport columnist for the same publication. Alberta’s professional interests lie largely in sports news, with an emphasis on English football. He has also written articles on other sporting topics.

Premier League

City give River more than 20 million euros and take on 17-year-old Etceveri

Published

2 years ago

December 24, 2023

Sophia

City give River more than 20 million euros and take on 17-year-old Etceveri

One step away from finalizing an agreement with River Plate is Manchester City, where they are finalizing a deal to acquire 17-year-old Argentina’s next big thing, Claudio Etcheverry, for over €20 million.

Manchester City are investing in young talent and want to do so again like they did with Julián Alvarez. According to Fabrizio Romano, the Citizens have reached an agreement with River Plate to acquire the 17-year-old Claudio Etcheveri.

The world champion will pay the clause in his contract Argentina’s next big thing, which amounts to over 20 million euros.

The two sides are in the final stages of concluding the contract, after which Mr Etceveri will remain on loan at River until the end of the season, when his contract with the club will expire.

Etcheverry shone for Argentina at the U17 World Cup, scoring a hat-trick against Brazil in the quarter-finals.

Source: sport 24

Sophia

Premier League

Wolves 2-1 Chelsea: Lemina and Doherty knew the Blues

Published

2 years ago

December 24, 2023

Sophia

Wolves 2-1 Chelsea: Lemina and Doherty knew the Blues

Wolves were better for most of the game against Chelsea, who they beat 2-1 in Molino, with Enkunku’s goal in the 90+6 minute not enough to qualify for Matchday 18 of the Premier League.

Wolves beat Chelsea 2-1 at Molinos in the 18th Premier League game in a game that caught fire in stoppage time. Your goals Lemina and Doherty gave the “Wolves” victory Enkunku to reduce

The best moment of the first half belonged to the Londoners, Sterling stole the ball from Gomes just outside the penalty area, got into a foursome with Sha, but sent it to the Portuguese goalkeeper, who saved with his foot.

In the second half the hosts took the lead in the 51st minute after a set piece when Lemina sent the ball into the net after a corner from Sarabia to make it 1-0, while nPreviously, in the 48th minute, they had missed a huge chance to take the lead.

After a cross from Gomes, Totti headed the ball, but Petrovic made a difficult save with his hands. At 54′ Wolves called for a penalty for bringing down Huang in the penalty area, with the referee showing no foul.

Fotia won the game in stoppage time when two goals were scored. In the 90th + 3rd Doherty, who came on as a substitute in the 86th minute, made it 2-0 for Wolves three minutes later After a cross from Sterling, Encuncu shot the ball into Sa’s goal to make it 2-1.

WOLVES: Sat, Kliman, Dawson (70′ Bueno)Gomes, Semedo, Lemina, Gomes, Ait-Nouri (86′) Bueno)Can, Sarabia (75′ Doyle)Cot (86′ Doherty).

CHELSEA: Petrovic, Gusto (80′) Badiasil)Disasti, Thiago Silva, Colville (80′) Maachen)Ogotsovkou (59′) enkunku)Gallagher, Sterling, Palmer, Jackson (80′ Madueke)Brocha (59′ Mudrik).