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Roman Abramovich and Chelsea FC : Sanctions

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Ham   
10 minutes ago, Holymoly said:

I knew it was going along far too smoothly. While I don't think there is any danger of the club going out of business we could still be dragged back into the stone age with players moving out the door and no acquisitions allowed before the new season begins at the earliest. Our ability to maintain top 6 could be severely impacted if both sides start to act silly buggers. Looks like we're on our own fighting our corner as an innocent party here. Pretty sure most any other club would have the FA, the Premier League and the PFA up in arms on our behalf ensuring business as usual. Hey ho.

This all has to be done by June 8 so that we can actually register to play in the PL next season and so, it will get done. The loan amount just needs to be set aside somewhere instead of going to the victims of the war so that RA can decide what to do with it in the future. 

HMG have backed themselves unnecessarily into a corner with their overly strong rhetoric.  Morons the lot of them and not helped by the media not doing their job and challenging the daft sanctions against an innocent football club.  

 

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bert19   
24 minutes ago, Ham said:

This all has to be done by June 8 so that we can actually register to play in the PL next season and so, it will get done. The loan amount just needs to be set aside somewhere instead of going to the victims of the war so that RA can decide what to do with it in the future. 

HMG have backed themselves unnecessarily into a corner with their overly strong rhetoric.  Morons the lot of them and not helped by the media not doing their job and challenging the daft sanctions against an innocent football club.  

 

My immediate thoughts when that utter dipstick Kaveh was suddenly on Sky Sports News spouting last night were

 a) this is likely nonsense and he's not exactly ever been a reliable source for anything

and

b) Liverpool are in a CL semi-final second leg tonight, 10 days before the Cup Final against them, Sky have fired their shots prematurely this time.  Was fully expecting something just before we kicked off against Leeds tbh.  

We're being used as a pawn in a political game here.  

 

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27 minutes ago, Ham said:

 

HMG have backed themselves unnecessarily into a corner with their overly strong rhetoric.  Morons the lot of them and not helped by the media not doing their job and challenging the daft sanctions against an innocent football club.  

 

To keep some equilibrium, let's not forget it was politicians from all parties giving out before the UK Government saw fit to impose these sanctions.

Same set of politicians (all parties) who 3 months ago awarded themselves a 7% pay-rise. Where's inflation at now, yep 7%!! They've all had "so much more work to undertake, since Covid" apparently.

Mods - trying not to make politics the issue, but providing some background info. 

 

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Ham   
35 minutes ago, East Lower said:

To keep some equilibrium, let's not forget it was politicians from all parties giving out before the UK Government saw fit to impose these sanctions.

Same set of politicians (all parties) who 3 months ago awarded themselves a 7% pay-rise. Where's inflation at now, yep 7%!! They've all had "so much more work to undertake, since Covid" apparently.

Mods - trying not to make politics the issue, but providing some background info. 

 

True.  I should have said "politicians. Morons the lot of them"

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1 hour ago, Ham said:

True.  I should have said "politicians. Morons the lot of them"

Thing is, they're actually not all morons.

I very rarely watch mainstream TV these days, but do watch live parliament TV, as sad as that might be.

Watch that for long enough and you really will see a lot of very hard working, sincere, talented people across all parties doing their absolute best for their constituents and country.

However, there are indeed far too many complete morons who shouldn't be anywhere near a position of power. In the Labour party who have people in that party who are only there to tick a box. Then, over on the other side you get  the most incompetent shysters somehow ending up in the top jobs, while the good ones end up stuck on the back benches.

That's the problem!

Also, I know this is a very unpopular opinion. But if we really do need better politicians then the pay needs to be far higher than it is. A lot of talented people simply won't do those hours with that kind of pressure and scrutiny for the money MP's are currently paid.

 

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Soed90   

Boehly explaining how he works back in 2019.

Most things are boxes that own things. And it’s not the box itself that’s good or bad—it’s what’s in the box,” Boehly tells Barron’s. “Everything is structured.”

Generally, Eldridge provides the capital to build the box, which is a company, and then money from Security Benefit buys the things to put in the box that Eldridge built. Those things generate cash flow, which provides income to purchasers of Security Benefit annuities. Often, they have been bundled and punched out in a neat securitization package. Other times, Eldridge puts up money to build or seed a company, and then Security Benefit buys whatever securities that company ends up issuing.

Don't know about you guys but I'm seeing red flags all over the place. It sounds like him and they want to drain the club excactly how Glazers have done it at United.

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Diddymen   
4 minutes ago, Soed90 said:

Don't know about you guys but I'm seeing red flags all over the place. It sounds like him and they want to drain the club excactly how Glazers have done it at United.

Surely Roman's people or even the Raine group would pick up on this?

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Ham   
8 minutes ago, Soed90 said:

Boehly explaining how he works back in 2019.

Most things are boxes that own things. And it’s not the box itself that’s good or bad—it’s what’s in the box,” Boehly tells Barron’s. “Everything is structured.”

Generally, Eldridge provides the capital to build the box, which is a company, and then money from Security Benefit buys the things to put in the box that Eldridge built. Those things generate cash flow, which provides income to purchasers of Security Benefit annuities. Often, they have been bundled and punched out in a neat securitization package. Other times, Eldridge puts up money to build or seed a company, and then Security Benefit buys whatever securities that company ends up issuing.

Don't know about you guys but I'm seeing red flags all over the place. It sounds like him and they want to drain the club excactly how Glazers have done it at United.

Doesn't sound like the Boehly who runs the Dodgers at all. There is a ton of potential at Chelsea FC, mainly in the new stadium and marketing opportunities worldwide. We haven't been run professionally for many years. That could and should happen now. 

Makes no sense to come along and asset strip something worth more in the future than the sum of its parts.  

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Soed90   
17 minutes ago, Ham said:

Doesn't sound like the Boehly who runs the Dodgers at all. There is a ton of potential at Chelsea FC, mainly in the new stadium and marketing opportunities worldwide. We haven't been run professionally for many years. That could and should happen now. 

Makes no sense to come along and asset strip something worth more in the future than the sum of its parts.  

It's excactly how he/they financed their Dodgers purchase.

It's extremely clever in their part but it's going to hurt the club big-time. He's not talking about asset stripping but they are going to use the clubs income to pay off the leveraged debt they spent to acquire the club. So basically they take no risk as they don't spend their own money and they are using the money the club generate to pay the debt back. Problem with that is that the money this club generates will now not be used to compete but line the pockets of already filthy rich Americans. Which everyone who loves Chelsea should hate.

 

 

 

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