Doesn't matter, any profits on the sale go to the charity.
That charity is being set up to aid victims in Ukraine. It would take ass-hattery of John Terry proportions to try and funnel that money back to himself from a charity.
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Cheatski are still scum
- Thread starter NewYorkSpurs
- Start date
That charity is being set up to aid victims in Ukraine. It would take ass-hattery of John Terry proportions to try and funnel that money back to himself from a charity.
Not as far as I'm concerned. I don't want to be on cheat mode.
Did I just hear them booing Rudiger?
They want to be careful doing that, they'll be accused of racism any minute.
They want to be careful doing that, they'll be accused of racism any minute.
Easily done though. Put Marina Granovskaia in charge. Dodgy contracts to dodgy companies in eastern europe. Help rebuild a hospital. Should cost £50m. But the company gets paid £1bn... Hell he could do it in the pro russian areas. Might even be able to attract donors.
Still cost £3bn with zero chance of upgrading or moving the stadium. They don't even own their pitch.
Will be interesting to see how this plays out. However I note he says he’s not asking for the loans to be repaid. We’re assuming that means they get written off.
On the plus side they are unlikely to get another owner who bankrolls the club and they haven’t managed to build a new stadium in that time. So any new stadium will likely incur debt. On the same token until they have a new stadium that is one area we will out earn them.
On the plus side they are unlikely to get another owner who bankrolls the club and they haven’t managed to build a new stadium in that time. So any new stadium will likely incur debt. On the same token until they have a new stadium that is one area we will out earn them.
If sold without the debt he can get more. So it balances out. He'll still get less than if he sold without sanctions hanging over his head though.
Bedfordspurs
Martin Peters
Yep
Your buying a name and a playing side
They also have been getting propped up by him
A new stadium is gonna cost around £2B
Gutter Boy
Tim Sherwood
Is there a future somewhere where Mike Ashley turns up tomorrow with £2b of cash that he's taken most of on high interest loans?
Most likely scenario is a leveraged buyout. Can't see any arabs going against the saudis and abu dhabi lot. Chinese have been told not to buy football clubs. Russians obviously out. Radcliffe just bought nice. Doesn't leave many left.
An investment fund or a group of wealthy individuals. Would reduce the chance of more money getting pumped into the club to buy trophies.
A leveraged buyout means they will take money out of the club to pay for the club. Like the glazers did with utd.
DubaiSpur
Ian Walker
I was told that Chelski would be screwed when Abramovich called in his loans by many of the folks here who praised ENIC for loading us with debt for the stadium.
He's apparently just written them all off, so they're completely debt free and apparently healthy.
Guarantee we won't be debt-free when ENIC sell us, and all the profit will go straight to their pocket. We'll have a new stadium, they won't - they have about 50 more trophies than us, and twenty years of happiness and memories that can't get taken away.
Huh. They did get the better owner in the end, personal odiousness aside. Strange how that works.
He's apparently just written them all off, so they're completely debt free and apparently healthy.
Guarantee we won't be debt-free when ENIC sell us, and all the profit will go straight to their pocket. We'll have a new stadium, they won't - they have about 50 more trophies than us, and twenty years of happiness and memories that can't get taken away.
Huh. They did get the better owner in the end, personal odiousness aside. Strange how that works.
Bedfordspurs
Martin Peters
Yeah he needs to sell the club because he has been sponsoring a warI was told that Chelski would be screwed when Abramovich called in his loans by many of the folks here who praised ENIC for loading us with debt for the stadium.
He's apparently just written them all off, so they're completely debt free and apparently healthy.
Guarantee we won't be debt-free when ENIC sell us, and all the profit will go straight to their pocket. We'll have a new stadium, they won't - they have about 50 more trophies than us, and twenty years of happiness and memories that can't get taken away.
Huh. They did get the better owner in the end, personal odiousness aside. Strange how that works.
That’s not an owner I’d be condoning personally
And I’m not sure how FFP allows for owners clubs to have owner funded debt and then have it written off
Pretty sure it’s going to be paid off in the sale
And he then takes less money out
He has got what he needed out of Chelsea… legitimacy in the eyes of some people
DubaiSpur
Ian Walker
I wouldn't wish Levy on just about anyone, but for those c*nts, I'll make an exception.
I hope ENIC buy them. Misery loves company, after all.