Sports

Roman Abramovich BANNED as Chelsea director, Blues financial woes eased

CHELSEA can still be sold but will still be able to finish the season.

Barclays are one of the banks to have suspended the Blues account.

And it has been reported that Roman Abramovich has given the green light to a sale of Chelsea with bids to be taken next week.

This is despite the Russian not being able to earn a penny from any sale due to sanctions.

In his press conference, boss Thomas Tuchel admitted that many players and staff were worried about their futures.

But there has been some good news for Chelsea fans as Nike are reportedly set to stand-by their kit deal with the club.

Meanwhile the Blues may be allowed to continue selling tickets to non-season ticket holders and away fans if they donate the profits from the sales to victims of the war in Ukraine.

Roman Abramovich has been BANNED from selling the club by the government amid sanctions on Russian oligarchs.

Shirt sponsor Three have also suspended their deal with the Blues, asking for their logo not to appear on shirts for the foreseeable future.

It comes as New York Jets owner Woody Johnson and a private Saudi consortium had joined the race to buy the club.

Billionaire Abramovich is said to have had over 300 parties express their interest in buying the Blues he values at £3billion.

JOIN SUN VEGAS: GET A FREE £10 BONUS WITH 100s OF GAMES TO PLAY AND NO DEPOSIT REQUIRED (Ts&Cs apply)

Follow ALL of the latest updates and transfer gossip from Stamford Bridge right here…

  • Hyundai suspends Chelsea sponsorship

    Hyundai have become the latest sponsor to pull out of their Chelsea deal.

    The Blues are in crisis mode after owner Roman Abramovich was hit with sanctions from the UK government, which have plunged the club into financial uncertainty.

    Now their sleeve sponsors have suspended ‘marketing and communications activities’ with the west Londoners, according to the Daily Mail.

    Next season would have been the final year of their £50million deal, which has seen Abramovich’s club make £10m per season.

    Hyundai released the following statement: “In the current circumstances, we have taken the decision to suspend our marketing and communication activities with the Club until further notice.”

  • Goldstein part of Boehly/Wyss consortium

    Jonathan Goldstein has joined Todd Boehly and Hansjorg Wyss in their bid to buy Chelsea, according to reports.

    Boehly – who is a part-owner of the LA Lakers and LA Dodgers – announced his interest in buying the Blues along with Swiss billionaire Wyss last week.

    And Goldstein, who has worked with Boehly for eight years, will now support the bid, according to Sky News.

    The London-based property developer is co-founder and CEO of Cain International, which has assets worth £8.2billion.

    His personal wealth is not known.

    Goldstein is said to be a Tottenham fan and tried to buy Spurs in 2014 through Cain.

  • U18’s doing the club proud

    It’s not all doom and gloom at Chelsea.

    After all, their talented U18s have reached the final of the Premier League Cup.

    The Blues youth side defeated Stoke City 5-1 – with Eton College genius Tudor Mendel-Idowu netting twice.

  • Graffiti removal at Stamford Bridge

    Workers are painting over graffiti outside Stamford Bridge after walls were defaced by angry fans.

    NINTCHDBPICT000718239534Credit: Reuters

    The writing read: “Europe is funding the war – not CFC.”

    It comes after Chelsea owner Roman Abramovich was sanctioned by the UK government, freezing his assets – including Chelsea.

    Abramovich had his assets frozen due to Russia’s invasion of neighbouring Ukraine and his ties to President Vladimir Putin.

    As a result of the sanctions, Chelsea cannot sell home or away match tickets.

    Chelsea also cannot buy or sell players, and they cannot renew players’ contracts – running the risk of losing three key centre backs.

  • Who is Muhsin Bayrak?

    Muhsin Bayrak, 50, is a Turkish billionaire who made his money as Chairman of own company AB Group Holding, which has invested in tourism, cryptocurrency and construction.

    There are suggestions that Roman Abramovich may have travelled to Turkey last week – before sanctions were laid – in order to discuss details of the sale to the tycoon.

    Bayrak, worth a reported £8bn, has also vowed to ‘fly the Turkish flag in London soon’.

  • Who is Todd Boehly?

    Todd Boehly is the current chairman and CEO of Eldridge Industries – a private investment firm based on the East Coast.

    Boehly is part-owner of both the LA Lakers and LA Dodgers and is just one of several interested parties in Chelsea.

    The philanthropist will be ready for the fight to win a bidding war, having been part of his school wrestling team which won state tournament titles in 1990 and 1991.

  • Who is Jamie Reuben?

    Jamie Ruben, 34, is worth a casual £12billion and is one of the potential buyers after Chelsea.

    His dad and uncle bought a ten per cent stake in Newcastle United last year and he was added to the board of directors.

    But Jamie Reuben is a Chelsea fan and would relish the chance to take ownership.

    There would be a number of complications due to his mega-rich family’s interest and control at St James’ Park.

    Reuben Jr is pals with Boris Johnson, Kim Kardashian, Paris Hilton and Jamie Redknapp and owns a swanky £65million yacht.

  • Blues fear mass exodus, warns Ferdinand

    Rio Ferdinand fears Chelsea’s current chaos could lead to a host of players departing.

    Speaking prior to Liverpool’s 2-0 win away at Brighton, the BT Sport pundit claimed that the situation is causing ‘anxiety and fear’.

    He said: “If you take it back to the players, that uncertainty leads to anxiety and fear and not knowing is always the worst case scenario and that’s where these players sit.

    “There will be players sitting there who are coming out of contracts going ‘there’s no way I’m staying’.

    “That could be a driver for a mass exodus of players who are saying we are potentially losing our best players, we could’ve re-signed.

    “There are so many questions and moving parts it makes it difficult to really want to commit to a situation like that.”

  • Sanction changes by DCMS

    The new terms will allow the club to utilise payments due from broadcasting companies and any prize money earned to meet its outgoings.

    That should see the £28m monthly wage bill covered for the final three months of the campaign.

    As reported earlier, the ‘reasonable costs’ section has been amended, allowing them to spend up to £900k to host games at Stamford Bridge.

    They are still limited to £20k travel to and from fixtures, which could be extremely difficult for foreign trips.

    For now, though, the ban on the club selling seats in addition to the season tickets already sold has not been lifted, although that is also likely to be the subject of further discussion.

    Chelsea anticipate 44,000 full houses for both tomorrow’s game with Newcastle and the match against Brentford on April 2, which were both sold out before Thursday’s bombshell.

  • Abramovich no longer director of Chelsea

    Roman Abramovich has been BANNED from being a director of Chelsea.

    And that means he MUST sell the club immediately.

    The stunning development was announced in a Premier League statement issued at lunchtime.

    A Prem spokesman said: “Following the imposition of sanctions by the UK Government, the Premier League Board has disqualified Roman Abramovich as a Director of Chelsea Football Club.

    “The Board’s decision does not impact on the club’s ability to train and play its fixtures, as set out under the terms of a licence issued by the Government which expires on 31 May 2022.”

  • Tuchel future in balance

    Manchester United are reportedly on red alert over Thomas Tuchel.

    The Daily Mail claims United are monitoring the Chelsea manager’s situation amid uncertainty over the Blues’ future.

    Interim boss Ralf Rangnick is said to privately see his old protege as an option following the Government’s decision to sanction Roman Abramovich.

    Tuchel claimed that he and his players are “frightened” and “scared” over the crisis which has gripped the club.

    The German boss also admitted the situation is also a massive worry for the hundreds of other staff who work for the west London club.

  • Ambramovich’s Reign in numbers

    19 years, 2049 goals, 21 trophies.

    This is Roman Abramovich’s Chelsea reign in numbers.

    He came to the West London in 2003, buying it for £140 million.

    When he purchased the club he said: “I don’t want to throw my money away but it’s really about having fun and that means success and trophies.”

    Abramovich, 55, last watched the Blues in Abu Dhabi to celebrate them becoming world champions.

    And that victory meant that Chelsea claimed every title going while under the Russian’s ownership.

  • Klopp says it’s not Chelsea’s fault

    Liverpool boss Jurgen Klopp has defended Chelsea’s supporters, players and staff, claiming ‘it’s not their fault’.

    The German says that it’s a good idea for everyone in football to think about where the money is coming from.

    He said: “When Roman Abramovich came to Chelsea, did anyone care? Did anyone care when Newcastle got taken over? Do supporters really care?

    “And now obviously we think oh no we cannot accept it anymore and now we punish them.

    “It’s not Chelsea’s fault, not at all.”

  • Blues fan smashes up internet router

    A Chelsea fan deliberately smashed up his own WiFi router – because it is made by Three.

    Viral footage shows a man drop the device on the floor, repeatedly stamp on it and throw it in the bin.

    Three suspended their £40m-a-year shirt sponsorship deal with crisis-club Chelsea after Roman Abramovich was sanctioned by the UK government.

    More than 10,000 people have liked the clip and it sparked a reaction from fellow supporters.

    One user said: “You just earned my follow mate, Chelsea for life.”

    But another said: “Jokes on you. You no longer have a club but no internet either.”

  • Chelsea’s next five games

    Sunday’s clash with Newcastle could be the last time they play in front of a full Stamford Bridge for a while.

    A Champions League tie will follow with a trip of the Eurostar to Lille where they hold a 2-0 lead from the first leg.

    An FA Cup clash with Championship Middlesbrough faces them just THREE days later.

    A short break will do the Blues players some good before two Premier League contests in April with Brentford next at the Bridge.

  • Blues team news before tomorrow’s clash

    Chelsea will be missing Reece James, who is out with another hamstring injury.

    It is a tough loss for Thomas Tuchel after he recently returned from injury with a goal and an assist in a 4-0 win over Burnley.

    Ben Chilwell is out for the season with a serious knee injury.

    Christian Pulisic missed the midweek fixture against Norwich through illness, whilst Cesar Azpilicueta was a half-time substitute through illness also.

    More team news will follow as we draw closer to Sunday’s fixture.

  • Chelsea can print programmes but not sell them

    As it stands, the Blues can still print programmes for their pre-paid corporate guests at tomorrow’s clash with Newcastle — likely to have a crowd of 40,000 despite the new restrictions.

    But they cannot sell them to the majority of fans because they are not allowed to employ programme sellers.

    The Toon Army away allocation is already sold out for the trip.

    Chelsea will be without rightback Reece James, who has suffered another hamstring injury.

    He is also set to miss Wednesday’s Champions League trip to Lille.

  • Blues fans urged to stop singing Abramovich song

    Chelsea fans have been urged to stop chanting in support of Abramovich.

    Blues supporters sang his name during Thursday’s 3-1 Prem win at Norwich.

    But MP Chris Philp said fans needed to remember Abramovich has close ties with Russian president Vladimir Putin, whose regime has attacked Ukraine.

    Philp declared: “I understand why Chelsea fans have affection for him, but I would ask them to think very carefully before doing that again.

    “The barbaric acts of the Putin regime which Abramovich supported is far more important than football.”

    Credit: Getty
  • Chelsea and government to continue talks today

    Chelsea club officials met with the Department for Digital, Culture, Media and Sport for intensive talks yesterday.

    The Blues urged some changes to the ‘special licence’ provided to the club to ensure support.

    More talks are set for today.

    The Government is understood to be open to allowing an increase on the current £20,000 cap on overseas travel costs and £500,000 on ensuring home games go ahead.

    But there is thought to be more resistance to allowing the sale of seats not included in season-ticket packages.

    Chelsea are urging “common sense” from DCMS, arguing the best way of ensuring the highest price for the club is if it is allowed to be run “normally”.

Related Articles

Back to top button