By - asr010601
Still has to go through the government but one step closer to being officially complete.
It's being reported in Portugal that the portuguese government will also have a role due to the portuguese citizenship of Abramovic
Reports are the UK government approval is at the brink and will be done tonight or tomorrow at the latest and things are at a very advanced stage with the Portuguese authorities as well so apparently there are no concerns internally that the sale will go through.
Seems like that should be a pretty easy rubber stamp from what all our sources have said
How did abramovic get Portuguese citizenship? Does he have any connection to the country at all?
EDIT: Apparently [he bribed a Portuguese rabbi to claim he had Sephardic ancestry](https://www.publico.pt/2022/03/11/sociedade/noticia/rabino-comunidade-israelita-porto-detido-judiciaria-1998475) despite being Russian and 100% Ashkenazi lol).
If it's the same as in Spain, citizenship by Sephardic ancestry is available for those who can prove their ancestors were kicked out of the country during religious persecution hundreds of years ago.
Sure, except he’s clearly Russian Ashkenazi with dubious claims to Sephardi ancestry (which have only been sponsored by a corrupt rabbi). He likely just wanted EU citizenship.
Passed the most stringent test there is, PL approval.
If at least one of them wears cowboy boots I win a bet.
Did JBL take over Chelsea?
Now imagining Tommy having to go through a door in the middle of a room interrupting Todd and wyss playing poker smoking cigars to ask for transfers
Chelsea players to be driven onto field via limo next season
WE’RE GONNA HAVE SOME FUN MAGGLE
Well, Todd looks like a guy who might.
Nah, he's got that West coast look and grew up in the Mid-Atlantic and worked abroad. He ain't Texan, lol.
You say that like there's no posers out there.
Most rich guys from the west coast don’t pose as cowboys lol, it’s a bad look. Nobody is going to respect you for doing it.
They love wearing those hats when they visit Texas though.
I've seen more cowboy boots in Colorado than I have here in Texas lol
Apparently Roman has a Portuguese passport, so their government has to approve this as well. Saw that in another article somewhere.
Does Israel have to as well then?
yeah, and Putin too
I have no idea. I only saw the thing about Portugal, and I can’t find the article now, so I have no idea.
One would think so considering they’re a part of UEFA
I think the Portugal thing is because the EU have sanctions against Russia, not because of UEFA
Chelsea had a pretty dodgy end to the season after the sanctions kicked in and Abramovich was shown the door, but it will be a massive boost for them if the takeover can be fully completed before the start of the transfer window so they don't get left behind, especially when you could make a strong argument that they need to significantly strengthen and change every part of their squad except goalkeeper.
Our season was pretty dodgy from the moment we lost both Chilwell and Reece James to long term injury, since they were the two major sources of attacking threat on the team. The sanctions came later and obviously didn't help, but didn't really cost us anything except the opportunity to negotiate with defenders who probably would have left for overvalued Spanish contracts anyway.
That said, our dodgy season saw us finish third, be eliminated from the Champions League in a cracking QF match after losing the first leg at home 1-3, lose both domestic cup finals on penalties thanks to Liverpool's plot VARmour, and win the UEFA Supercup and Club World Cup, the latter for the first time.
There have been worse years.
Yeh chelsea had a decent season and were unlucky not to come away with 2 trophies, had Chilwell and James been fit all year I genuinely think you'd have beaten Madrid.
Chelsea did come away with 2 trophies though - Supercup and Club World Cup. They were unlucky not to come away with 4
It will actually be a tiny bit funny if Liverpool and Chelsea come away with two trophies each (each with one significant and one less so), considering what kind of seasons both teams have had.
Shut your mouth Mr!
And yeh fair point I forgot about those
Na, I disagree hard with this.
I know nothing has been made of it because our form at home wasn't top notch all season. But, when the actual impact from the sanctions kicked in, our home results fell off a cliff, even compared to the rest of the season. I'm not talking about when the sanctions started, I'm talking specifically about when the first set of games came around where tickets hadn't been sold before the sanctions started.
The home league results where we couldn't sell tickets were:
Chelsea 1 - 4 Brentford
Chelsea 2 - 4 Arsenal
Chelsea 1 - 0 West Ham (red card)
Chelsea 2 - 2 Wolves
Chelsea 1 - 1 Leicester
Chelsea 2 - 1 Watford
2 wins, 2 draws, 2 losses
That's not normal Chelsea results and not in line with the rest of our season either. People say the sanctions didn't impact us on the field because they assume we would be hit by them as soon as they dropped. But, they didn't actually impact anything until we caught up with ticket sales that hadn't happened before the sanctions dropped.
The sanctions made everything worse, but even without them Chilwell going down was the beginning of the end for us.
First Chilwell, then James, then covid screwed us so badly which forced us to play players that weren't fit. And then once the new year rolled around, then came the Lukaku problem and then we lost roman. But still by the start of April we were 11 points behind Man City with a game in hand despite all our injuries and off field crsis. Before the brentford game, I genuinely believed we could win the treble. But in the span of 10 days, the dreams came crashing down as we lost to Brentford and got knocked out by Real Madrid. Sad days.
I had given up hope on the League after the 2nd Man City game but still believed in CL until the Rodrigo equaliser. Sad times indeed.
>Liverpool's plot VARmour
Yesterday several media reportes British Gov gave their ok as well, so it's only one from EU Comission pending
BREXIT MEANS BREXIT
yeah, but Abramovich is EU citizen actually (Portuguese passport) so the purchase needs to somehow be approved by them too.
I'm sure that is true but if I may offer a counter point: BREXIT MEANS BREXIT!!!!!
Oh god it's happening again
Imagine if the UK government finally let this go through and then Portugal of all things go 'nah, were good'
Don't tell me what to do
'Tell us the secret of how to run a governmental online portal that actually works or say bye bye to your beloved Chelsea FC!'
This guy Brexits
Red white and blue baby
Don’t worry. Chelsea will BUILD BACK BETTER
**Premier League statement:**
The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.
The purchase remains subject to the Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.
The Board has applied the Premier League’s Owners’ and Directors’ Test (OADT) to all prospective Directors, and undertaken the necessary due diligence.
The members of the Consortium purchasing the club are affiliates of the Clearlake Capital Group, L.P., Todd Boehly, Hansjorg Wyss and Mark Walter.
Chelsea FC will now work with the relevant Governments to secure the necessary licences to complete the takeover.
The deal finally crosses the line after weeks of background checks and safety precautions. Meanwhile the efl let Steve dale wander up to bury and buy the club for a pound in the space of a few days. Any background checks would of revealed his appalling financial history and his wake of liquidated companies, plus his utter lack of any football knowledge. Annoys me that it took Bury going under to get the football league to wake up to shite owners and do more to protect clubs
Has Bury been able to get back into the league? Legit question
Nope, but things are looking up. The phoenix team Bury AFC won promotion and seem to be well-supported, while a fan consortium purchased the old ground and club name, so there's the potential for a merger if the two sides agree.
Despite this, I can see Bury deciding to stay at the bottom instead of starting in an artificial space.
I honestly don’t care what happens. I just want football back at gigg with a United fan base. So bored now of these petty groups dividing the fan base. We won’t be able to please everyone, but that’s tough. A well run club will attract local support. People gotta let go and move on
Ye, the northwest counties league. So that’s like division 10 of the pyramid. Won promotion this season so just 5 more to go before we grace the football league again. On our waaaayyyy
Lukaku masterclass incoming
Thank god hopefully there is an end!
The government approval still pending
>The purchase remains subject to the Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.
Statement transfer window incoming
I think Kounde will be announced soon
about time yous have been suffering for too long
Think of all the 18 month old babies who haven't seen Chelsea spend 220m in a summer
Chelsea haven't signed a 100m striker in what feels like year
Tbf we’ve never had a striker perform like a 100m striker
Spend 400m on a striker next time maybe they will since Lukaku performs like someone who’s worth a 4th of the price
Honestly another Anelka would be good enough for me
Love that guy
Drogba had that 29-goal season once. Otherwise that's about it.
Think of how much pain and anguish those fans had to endure while chanting Roman's name.
Damn straight it is 😎
Who've marseille got up front nowadays? Do rennes have another keeper for us? What about a Portuguese CB from Porto?
Any former players doing well somewhere?
Yeah, Rice at West Ham
Rice, Tomori, Livramento, Guehi, Abraham, Salah, Courtois and KDB have had decent seasons
That's a funny way to spell Nketiah
Genuinely forgot about him
It's been reported that this transfer window is being carried out by people currently at the club, with money that was put aside by Abramovich/the club before the sanctions happened.
It has also been reported that the new ownership will essentially spectate the transfer window so that they can learn how we normally operate and decide what to change.
It has also been reported that January is the window to look at because that will be the first window where the new owners have an input on the transfer and will have their new, adjusted system in place.
This summer appears to be Abramovich signing off. From January onwards is that "statement" from the new owners as we already had all the money freed up and put to one side, ready for this transfer window and it was dictated by FFP, so nothing can be added to that by new ownership.
Fingers crossed. Minimum of 2 centrebacks and maybe some reinforcement upfront (Perisic perhaps?)
Perisic is more of wingback these days
depth wise we desperately need one of those at least as well tbh
Wingback depth is arguably more important for them
Fair enough. I’d be lying if I said I did any of my own research regarding him, just what others were saying the other day. Regardless, could help depending on what happens with Alonso
Let’s go. Ruining football is back on the menu
Chelsea are the ultimate high class social escort.
Is that a compliment or an insult?
Chelsea is finally owned by shareholders looking for profitability.
Anti-glazers clause my man
They’ll still look for profitability since our profits will be the major source of further investment
They'll get their profits in 2032 so they need to pump our commercial value up with American sponsorships and other deals and match United's revenue so they can get some profits
They’re unable to pay themselves dividends and management bonuses, increasing club’s profitability is the first thing on the agenda regardless of the clauses.
Sounds like a massive new stadium is needed so they can take out as much as they like, anytime they like, without ever taking out more than they put in, then sell the club in 2032 to recoup the initial investments.. and that might actually not be bad at all for Chelsea overall.
The way it's worded and has been explained it appears that the end goal for Clearlake is selling in 10 years because that's explicitly stated for them. I believe the others in the group are free to sell their share, but Clearlake aren't allowed to go below majority owners
>They’re unable to pay themselves dividends
Surely they can do a dividend recap? (Putting new debt on for a one-time large dividend to shareholders.)
Pretty common in private equity, plus if operating income is already healthy, there's low/no risk. Clearlake does dividend recaps, I know that for sure.
Thats a big one and I hope it will hold. You dont want to become United 2.0 owner wise.
TBH the way the Glazers run United is pretty idiotic. If they'd left that money in the club the value of their asset would have increased that much
Remind me! 15 years
*24th May 2037*
>You have one new hologram notification from Reddit by TikTok, a TenCent property.
"Hi, UEFA and Europe Prime President Hologram Kylian Mbappe here, with a "Remind me!" Notification, brought to you by, yes, *still* Heineken. Bend the knee now to load the link, good friend!"
Please drink verification can.
Lmao we already have anti-glazer clauses, you don’t need to be reminded in 15 years
Remind me! 14 years
You need to change that to 10 years. The clauses only last for 10 years.
What is the Anti-Glazers clause? And is that even a real thing?
The ‘Anti Glazer Clause’: “Barring them from paying dividends or management fees until 2032; prohibiting the sale of any shares in the club for 10 years; and agreeing to strict limits on the level of debt that they could take on.”
Ahh, that's awesome. Thank you!
To be honest I'm still a little confused about who is paying what to who since Abramovich is apparently not profiting from this.
The money is going to be held in escrow until a charity can be created to donate to the victims in Ukraine
You'll be pleased to to hear that Chelsea intend on spending up to £200m this window.
What’s actually going to change for them as a club and also, couldn’t they have socio-like ownership?
we are no longer war criminals
No, we just have a man who's knowingly killed people through illegal human experimentation in the name of profit instead of a guy who made his money under dubious circumstances. What an improvement
"The Washington suit charges Wyss, the former CEO of a Pennsylvania-based medical device company called Synthes and his co-defendants with murder in the second degree as a class A felony, second degree assault and criminal profiteering under the Washington Criminal Profiteering Act." "The plaintiff is Reba Golden’s daughter, Cynthia Wilson, whose mother died in 2007 on the operating table after Synthes organized illegal 'market tests' for at least 50 persons across the country of an untested bone cement substance that the Food & Drug Administration banned for use in the spine. Ultimately, five patients died during the illicit drug testing. Synthes failed to report the deaths to the FDA, as required by law, until the third fatality occurred. **Wyss entered into a criminal enterprise to perform illegal and experimental surgeries on patients**,' Daniel Hannula, Golden’s attorney, told The DCNF."
Technically we’re also the club of the people given the government technically owned us.
except at no point the government owned us.
Abramovich's assets were frozen, not seized
We are no longer an oil club.
My glorious agenda against oil clubs has commenced!
Do you know if Marina is staying or going yet?
Staying for the summer/transition, unknown after that
I can understand the new owners probably wanting to appoint their own people, but Marina is pretty brilliant, would be a tough loss.
Reliable reports claim that Boehly wants to keep her, but it’s her decision.
Probably depends on level of power she would accept, I can definitely see a DoF appointed to work with her.
If you cook a splendid fry up in the morning I will stay too.
Russia will stop the war now.
Putin will be removed from power.
Probably just less direct investment into the team from the owners in massive windows. They are still a huge club very capable of spending lots of money
> Probably just less direct investment into the team from the owners
Wouldn't be so sure about that. Boehly has consistently stated that winning drives the valuation of a team up and he's committed to doing what's best for business. If the Dodgers are any inclination to how he approaches team building, we'll still be spending lots of money
To be fair, the Dodgers spend that much money because their revenue outstrips all but the Yankees in their league. They have an 8.3 billion dollar TV deal all to themselves.
Not that Chelsea won't continue to spend of course, but the Dodgers very much spend commensurate with their revenue. I expect Chelsea will be much the same, which will still be quite a lot.
Dodgers also pay a hefty luxury tax every season too which I would estimate offsets a lot of that tv money. But even if so, wouldn’t the Premier Leagues lucrative tv deal offset some of the spending in the same type of way? Genuine question. I know every other team in the league gets the same tv money, but in comparison to the big clubs in other leagues, it’s much more
The luxury tax is not actually that hefty, though, relative to total payroll spend. Last year that amount was 32 million against a 260 million dollar payroll. Revenue sharing, paid out to the poorest ten team in the league, is a much larger money sink each year.
It's also worth noting that that ~300 million annually from the TV deal is just their local TV rights. They also get the same amount of money every other team gets from national TV rights, which is also quite a bit (something like an additional 60 million, accounting for the different national deals with multiple networks). For context, last I saw the second richest local TV deal was their crosstown (sort of) rival Angels, who made around half of what the Dodgers make from local rights.
And of course, they make money from commercial and ticket sales too. Baseball is obscenely profitable. The numbers aren't public, but it's estimated the Dodgers revenue is near 600 million annually. The Yankees, of course, are up near 700 million.
I think the Boehly plan is to seriously drive up the revenues. Commercial revenue was one area that Abramovich never really focused on or made a priority.
Well, the Dodgers have definitely done that very well over the past decade, and I think following that model would be fantastic for Chelsea. I would say that the perception that the Dodgers just spend a ton of money is incorrect, however; the reason for their large competitive advantage is their investment in player development infrastructure, which has led to them having one of the consistently best farm systems on baseball for a decade running. That is supplemented by large payrolls, supported by their insane revenue.
Luckily, that plays very well with Chelsea's already existing academy infrastructure. Expect to see investment in the academy continue to be an organizational priority.
They will now join the rest of /r/soccer in the noble crusade against Newcastle Utd, PSG and Man City. A big old delivery of high horses is on its way to West London as we speak.
Can confirm, just received my shipment. We are coming for you, oil clubs ⚔️
sportswashing bad imo
Genuinely one the things I'm most looking forward to
Assume you'll be renouncing your previous titles and honours, and selling any players bought with blood money then ;)
Not until we've won everything all over again
Until we are reminded that the last 19 years don't technically count and we are all by default still war criminals ourselves
Lol the crusade against nation states owning football clubs is a good thing mate
Never said it wasn't, but dunking on random fans on Reddit isn't doing anything to stamp state-backed clubs out of the game, is it? It's just pointless posturing.
> It's just pointless posturing.
Reddit in one sentence
Isn’t the whole point of sportswashing to influence people’s opinions on the nations that own sports teams? I’d argue that calling it out at every opportunity and making sure it’s ridiculed rather than normalised is basically the only effective countermeasure
How is dunking on random fans calling out sportswashing?
By all means, criticise the Saudi state to your heart's content. I'll join you, the current rulers of Saudi Arabia are disgusting vile tyrants and I will celebrate the day they are ousted from power.
But that's not what I'm talking about. I'm talking about slinging insults at random Newcastle/PSG/Man City fans, which achieves nothing and is just pathetic. And I'll call it like I see it every single time.
Telling a random Newcastle/Man City/PSG fan they should be embarrassed to support their club is not preventing sports washing, it's not taking a stand, it's not being an activist, it's not making a difference. It's being a twat.
I mean if you have taken the time to read some of the in depth reporting about the workers in these countries who are under the boot of the regime, what they ask for is for people to continue talking about it. Not to let it just die out as something everyone accepts, moves past, and doesn't care anymore. Continuing to bring it up, every time, is necessary if you want the people in power to do anything about it.
> It's just pointless posturing
As opposed to the depth, reasoning, and analysis that came from your OP lol
I'm sure the millions of oppressed workers across the globe thank you for your valiant efforts to end their suffering by [checks notes] crying about Newcastle Utd football club on Reddit lol
You think I'm here for some participation trophy lol? I just found your comments weird and unnecessary and pointed out that actually the only ones having even a minimal impact are the ones who keep talking about the ownership of PSG / City / Newcastle in all spaces, including Reddit. Click on the articles, comment, help fund the journalism in other ways that continue to expose the horrors of the 2022 World Cup.
Might be a good idea to embrace some of that stuff rather than complaining about people being on a high horse cuz you feel like your club is under attack or whatever
You've taken what was very light patter aimed broadly at a subreddit of 3.5m members oddly personally. Not sure why you're getting so defensive about it, but for someone who keeps saying "lol" you don't seem to be laughing out loud much.
I feel very comfortable saying the people slinging insults at Newcastle/Man City/PSG fans are not having any impact on the prevention of state-owned football clubs. So, no I won't be "embracing some of that stuff", it's performative outrage from bad faith critics acting out of sporting self-interest.
I will however continue to throw my full support behind the people who are working hard to help those being oppressed in state like Saudi Arabia and Qatar. As everyone should.
Light patter? Maybe those things shouldn’t be taken lightly?
Molotov Cocktails are no longer freely available in the club bar …
We need still a government approval, but pretty much nothing just a new owner and allowed to renew contracts signing players and selling players
Probably less big money transfers
I think the amount of money these guys have dropped in the club i.e 4.25b GBP, the only way to extract any value out of that investment is to keep it successful, build a stadium and generate sponsorship. I think we will still spend but instead of roman dropping money(he didn't bother about aggressive commercial expansion much), it will be these guys running around collecting sponsorships for it, or else they will bleed money.
Less unnecessary big signings and better scouting and smarter cheaper signings
Guaranteed a new stadium
Fan wise, I think it's reported by Matt Law or Nizaar Kinsella that they agreed to a lot of if not all the the fan led review recommendations regarding fan involvement, golden share, commitment to no super league etc it's obviously not the same as being fan owned but ultimately those are good steps.
Hopefully we will now increase our revenue to where it should be and finally sort out our recruitment. If we do those things then this ownership can actually build on and improve on the foundation Roman laid.
Seriously, our recruitment is fucking woeful, probably only United and Everton are worse than us pound for pound in the PL.
But i was told by r/soccer that Chelsea is going to go into administration
A 300+million transfer window isnt happening, unless we sell atleast 150-200 mil worth of players.
Out of those 5 I would be happy with just Kounde and Perisic, and we can go from there.
Thanks mate, congrats on the title
Thank you! Well done on the title! What a run in...
Thank you mate. Congratulations on the title. Well done.
r/gooners in tatters
Why specifically Arsenal fans?
They thought they might get our CL spot if the deal wasn’t completed on time
I'm an Arsenal fan and if anyone was thinking that, then that's just hopeful delusion.
Arsenal fans in a nutshell.
There’s a post about it on the gunners sub lol
And the top voted comments are saying it's not gonna happen.
It’s “inject it I don’t care”
I don't care cos it's obviously not real lol.
Still absolutely hilarious that it’s being posted and commented on
You have a low bar for hilarious but whatever floats your boat.
Im tiwed Wobbie
You must not be an Arsenal fan if you really have to ask.
The more deluded, online, types thought there was a shot at UCL still and theyve been by far the most vocal whiny fanbase (again, the online contingent) since the sanctions came in calling for Chelsea to be shut down - likely still hurt feelings as they feel Abramovich's money ended their god given right to be the only team to challenge Fergie
Government is done too, sanctions will be lifted shortly. Just EU commission left. Time for the Dodgers dominance to commence
Finally. Just gov go ahead now and it's done.
Let’s gooooo nearly done
Has the decision been checked by var? 🤔😜
Is this the one Lewis Hamilton dipped a coin in?
Hell no. In fact, that was listed as one of the main reasons that group wasn't accepted. Raine said they were pushing too much towards public pressure with their bid by bringing in celebrities and talking about being British and whatnot
The league says the consortium has passed its owner's and directors' test.
Is there actually a test?