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Chelsea 2021-2022: TUCheL our balls, hoes

ztejas

By ztejas
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MoJames
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ztejas
ztejas

Club History 6X ENGLISH CHAMPION 16/17 ,  14/15 ,  09/10 ,  05/06 ,  04/05 ,  54/55 2X CHAMPIONS LEAGUE WINNER 20/21,  11/12 8X FA CUP WINNER 17/18 ,  11/12 ,  09/10 ,  0

G650
G650

I'm intrigued with Lukaku coming back.

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Longhornfan1024

Longhornfan1024 1707

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I think we're getting some anti-Russian owner reffing in this one. Burnley's approach seems to be to undercut our guys in the air when we go over the top or pull us back from behind when we try to play through and not get a foul called. Then when they have it they go down as soon as we breathe on them and they get a foul called. The ref is just going along with it.

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morehornsepower

morehornsepower 887

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Looks like multiple bidders so far, but no one (according to sources) has reached Abramovich's valuation...

Spoiler

https://www.espn.com/soccer/chelsea-engchelsea/story/4612715/chelseas-roman-abramovich-receives-multiple-bidsnone-match-3bn-valuation-sources

Roman Abramovich has received multiple bids for Chelsea but none have yet matched his £3 billion (3.94bn) valuation, sources have told ESPN.

Potential interested parties have until March 15 to submit offers to the New York merchant bank Raine Group, appointed to handle the sale of the club.

- Olley, Marcotti: What does Abramovich sale mean for Chelsea?
- Don't have ESPN? Get instant access

Sources have told ESPN that a consortium including Los Angeles Dodgers and LA Lakers part-owner Todd Boehly alongside Swiss billionaire Hansjorg Wyss have already tabled a bid in an effort to push ahead in the race.

Although the exact amount of their offer has not been made public, sources have told ESPN it does not meet Abramovich's asking price for the reigning world and European champions.

Boehly had a £2.2 billion ($2.89 bn) offer rejected in 2019 and is thought to believe the club has not significantly appreciated in value since then, given the COVID-19 pandemic and Russia's invasion of Ukraine, which has put Abramovich under pressure to reconsider his investments in the west.

Turkish businessman Muhsin Bayrak has claimed he submitted an offer "under £2.5bn ($3.29 bn)" and remains in talks while there is also rumoured interest from the Middle East but as things stand, more credible bidders to Boehly's group are expected to originate from elsewhere.

Sources told ESPN last week that RedBird Capital Partners, the Manhattan-based private equity company founded by Gerry Cardinale and advised by Oakland Athletics executive vice president Billy Beane, are one of a number of US-based groups assessing the feasibility of a bid.

There is speculation US businessmen Josh Harris, part-owner of the Philadelphia 76ers, and New York Jets owner Woody Johnson are separately considering entering the running. The Ricketts family, who own the Chicago Cubs, have been named as another interested party.

British property developer Nick Candy is also weighing up an offer at around £2.5bn ($3.29 bn) with his spokesperson confirming he is "actively exploring a number of options."

However, no party has expressed a willingness to pay Abramovich's asking price for several reasons, not least the difficulty of redeveloping Stamford Bridge -- a complex project in one of the most expensive parts of London anticipated to cost in the region of £1.5bn ($1.97 bn).

The March 15 deadline is also significant as it is the day the UK government will be able to impose tougher sanctions on high net-worth individuals with any links to Russia or President Vladimir Putin.

Emergency legislation known as the Economic Crime Bill aims to crack down on foreign criminals using UK property or assets to launder money. Abramovich has always strenuously denied any ties to the Putin regime or any business impropriety but he has faced calls from a number of MPs including Labour leader Sir Keir Starmer to face sanction.

It is unclear at this stage whether Abramovich would be targeted by this new legislation but the possibility adds an extra urgency to the pace of negotiations over Chelsea's sale, which sources claim some interested parties believe could push him into accepting a figure below his £3bn ($3.94 bn) valuation.

 

Edited by morehornsepower
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InkaUtexas

InkaUtexas 25875

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Well shit.....

Recent developments at Chelsea have prompted some of their players to explore potential exits from the club, a report has claimed.

Despite Roman Abramovich confirming his intention to sell the Premier League club earlier in the week, Chelsea's financial future has been plunged into uncertainty following the news that their outgoing owner has had his assets frozen as part of sanctions placed on him by the UK government.
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MoJames

MoJames 8244

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https://www.telegraph.co.uk/football/2022/03/14/chelsea-tell-suitors-show-money-friday-takeover-deadline-looms/

 

Summary

  1. Prospective buyers of Chelsea are being told to “show us the money” by the Raine group.

  2. Interested parties (like Candy) are in a race against time to form consortiums and prepare bids.

  3. Interested groups have been given access to Chelsea’s last set of accounts and their enormous wage bill to minimise the chance of the winning bidder stalling on a deal or pulling out

  4. Raine Group hopes a sale could go through by the end of the month.

  5. Due to the sanctions, Chelsea can not afford for the sale to be delayed by any problems over funding, particularly as the prospective buyer also needs government approval before being put through a Premier League owners’ and directors’ test.

  6. Raine wants bids to be submitted by close of business on Friday

  7. Raine also demand evidence of funds to be provided in the form of legally binding commitments. Any individual or group who cannot offer legal guarantees will be dismissed from the process and copies of bank statements will not be enough.

  8. An industry expert told Telegraph Sport: “No matter how wealthy an individual or group is, when you are talking about the figures involved to buy Chelsea, it is not easy to document a legal commitment of funds from a standing start in such a relatively short space of time. This has to be done quickly or there is a risk the club will fall apart and there is too much transaction risk to take.”

  9. Over 150 individuals and groups have made contact with Raine, the New York-based merchant bank, and a bid between £2billion and £2.5bn has been made by the Todd Boehly-led group. It is also understood there has been firm interest from the Ricketts family and Woody Johnson, owner of the New York Jets.

  10. Nick Candy, who was at Stamford Bridge on Sunday to watch Chelsea beat Newcastle United, is still planning to make an offer of his own before the deadline that was pushed back from the original date of Tuesday.

  11. Sources close to Candy claim he has been approached by a number of investors keen to partner with him and that there will be no shortage of capital from which he can make a bid. On Monday, the 49-year-old was said to be working out who the best partners would be to commit to working with.

  12. While Antony Ressler is not expected to make his own offer for Chelsea, his investment company, Ares Management, has offered to provide some funding for groups bidding for the European champions.

  13. Chelsea’s need for a quick deal, among other things, places doubt over a claim that a £2.7billion bid has been tabled by the Saudi Media Group, involving a private consortium fronted by Mohamed Al-khereiji who claims to have no Government links despite being pictured on several occasions with crown prince Mohammed bin Salman.

  14. Quickly picking through any Saudi-based consortium is rated by those close to the Chelsea sale as being extremely difficult with any bidder needing approval from Raine, the UK Government and the Premier League.

  15. The Ricketts family have come under fire in Chicago, where they own the Cubs baseball team, for their reported interest in buying Chelsea. An article in the Chicago Sun-Times, the second biggest newspaper in Chicago, hit out at the Ricketts family, accusing them of making excuses for failing to invest in the Cubs.

  16. Chelsea on Monday updated supporters that the club are pushing the Government to amend their operating licence to allow them to sell tickets, with fans who had not already done so by last Thursday still waiting to find out if they can buy a ticket for Saturday’s FA Cup tie against Middlesbrough.

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