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Roman Abramovich hands over ‘stewardship and care’ of Chelsea football club...


Billy Fish said:
Beeb just confirmed he's selling up.
Let him sell then seize the proceeds.
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They just read his statement out on LBC radio and it mentioned any proceeds from the sale of Chelsea are being donated to a charitable trust to help those affected by the ukraine/russia war.

Probably because he knows the cash will be seized as soon as the club is sold
 
MURPHY1973 said:
They just read his statement out on LBC radio and it mentioned any proceeds from the sale of Chelsea are being donated to a charitable trust to help those affected by the ukraine/russia war.

Probably because he knows the cash will be seized as soon as the club is sold
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I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine


To call it war is a massive statement from him.
 
Harry Angstrom said:
I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine


To call it war is a massive statement from him.
Click to expand...
What is defined as net proceeds? He said he doesn't want loans repaid.

Struggling to work out what it would class as
 
jsdftm04 said:
What is defined as net proceeds? He said he doesn't want loans repaid.

Struggling to work out what it would class as
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Profit
Harry Angstrom said:
I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine


To call it war is a massive statement from him.
Click to expand...
He must be nigh on untouchable. The Mossad boys and girls will have his back.
 
Pepe said:
Profit
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What profit will there be though? He's spent billions on the club. If he's not paying his loans back, he'll be nowhere near 'profit'.

Just seemed a very loose term to me considering the situation of their debt to him etc.
 
jsdftm04 said:
What is defined as net proceeds? He said he doesn't want loans repaid.

Struggling to work out what it would class as
Click to expand...

What he gets for the shares minus what he paid Ken Bates for them. Looking at his holding company, Fordstam Ltd, the shares are valued at £1.26bn.
 
Harry Angstrom said:
I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine


To call it war is a massive statement from him.
Click to expand...
He probably intends to flee to a remote island somewhere until Putin pops his clogs. It is bold for him to call it a war, especially after the fate other oligarchs have suffered ….
 
Harry Angstrom said:
I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine


To call it war is a massive statement from him.
Click to expand...


It’s almost an unsaleable business/ company in this current situation imho.
 
Grumpy Old Man said:
This is now a distress sale. He needs to get out before his assets are frozen. He won't get anything like £2.5bn.
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Chelsea isn't really a profitable business is it really either? I'll be surprised if they cut their cloth and still manage to compete like they do
 
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