1 hour ago, dermott said:

A prohibition on paying dividends and taking management fees for 10 years.

Thats correct . But who enforces those parts of the contract?

2 hours ago, abister1 said:

K

And that's about managing risk isn't it?

So he went for an institutional investor with deep pockets. If he knew they'd be so misaligned in approach I bet he wouldn't have brought them on.

 

We don't know if he even had a choice and others were lined up instead of clearlake and he chose clearlake specifically.

But I do think others wouldn't mind giving him the money now though.

3 hours ago, The Rising Sun said:

 

A deal this size usually takes a lot longer to finalise. ( Apparently)

Another thing , who is it that makes sure that the contract stipulations are adhered too ?

The stuff about paying dividends, the new or rebuilt stadium, etc , which were all part of the winning bid ?

Quickest take over in history apparently. 2/3 months? It’s unheard of. 
 

I read any “contract stipulations” are basically unenforceable. The govt have no control, Roman can’t..they can probably do what they like. 

Boehly didn't help his cause with some of the decisions taken early in his tenure when he still had more say in the running of the club. That being said, I still feel like he is the better option to win this battle. As others have pointed out he invested his own money. He also seems to want some stability. And it helps that he understands something of running a successful sports team, even in a different sport. Whether he will win this battle remains to be seen though.

As a veteran PE employee in North America, I feel like I can give a little bit of insight.

Ill admit up front I’m on the side of us all waking up tomorrow and the club reverts to pre sanctions and Roman is back in charge,

 

but barring that:

 

the day to day operations of management of a company under a PE firm umbrella generally involves 2-3 things: reporting to the board, which the c-suite does on a weekly basis in most cases on such financial factors as number of weekly sales, turnover/renewal rate for the week, etc.

Basically, the day to day consists of micro management to the point of stifling any growth thinking and innovation. 
 

all of this is just a warning for those who think either boehly or egg Ali will be best that neither is likely any f**king good.

but that said boehly at least has some experience managing a successful sports franchise, whereas eghbali appears to be the new money snob who recently joined your golf club who thinks he’s better than everyone else and wants everyone to know everytime he has a flashy new toy.

 

end of the day. If we go into receivership and have to start again in league 2, f**k it, that adventure under a good owner would almost be more fun 

15 hours ago, dermott said:

A prohibition on paying dividends and taking management fees for 10 years.

This is why i decided not to buy the club.

45 minutes ago, Ukraine Bolt said:

This is why i decided not to buy the club.

Pfffft. You Managers. Peas in a pod.

3 hours ago, H2SO4aq said:

As a veteran PE employee in North America, I feel like I can give a little bit of insight.

Ill admit up front I’m on the side of us all waking up tomorrow and the club reverts to pre sanctions and Roman is back in charge,

 

but barring that:

 

the day to day operations of management of a company under a PE firm umbrella generally involves 2-3 things: reporting to the board, which the c-suite does on a weekly basis in most cases on such financial factors as number of weekly sales, turnover/renewal rate for the week, etc.

Basically, the day to day consists of micro management to the point of stifling any growth thinking and innovation. 
 

all of this is just a warning for those who think either boehly or egg Ali will be best that neither is likely any f**king good.

but that said boehly at least has some experience managing a successful sports franchise, whereas eghbali appears to be the new money snob who recently joined your golf club who thinks he’s better than everyone else and wants everyone to know everytime he has a flashy new toy.

 

end of the day. If we go into receivership and have to start again in league 2, f**k it, that adventure under a good owner would almost be more fun 

It took me until the fourth line to realise your abbreviation meant private equity and you weren't a veteran physical education teacher.

14 hours ago, The Rising Sun said:

Thats correct . But who enforces those parts of the contract?

Contract was signed off on by the government and the PL. Take your pick.

12 hours ago, JM7 said:

Quickest take over in history apparently. 2/3 months? It’s unheard of. 
 

I read any “contract stipulations” are basically unenforceable. The govt have no control, Roman can’t..they can probably do what they like. 

What exactly renders a contract unenforceable? Coercion. Duress. Signing under the influence. Signing as a minor. Et cetera. Given the context of the contract alone, it will be enforced. 

22 hours ago, JM7 said:

John Obi Mikel on Osimhen to Chelsea saga:

🎙️ "Paul Winstanley was really, really amazing. I can tell you that because this guy, the sporting director, is somebody that I've spoken to now, I get to know really well now, and hearing from him, it's amazing.

It's refreshing to see where the club, the owners and the Sporting directors, especially Paul want to take the club to, there's so much to be happy and excited about."

~ @obionepodcast

Oh how exciting. Shame this doesn't tell us anything, meaningless bleating from Mikel as far as I'm concerned.

8 minutes ago, Valerie said:

Oh how exciting. Shame this doesn't tell us anything, meaningless bleating from Mikel as far as I'm concerned.

Roughly translates to "Winstanley was really pushing for Osimhen so I like him"

What's the Mikel's role in this, with the amount of interest he showed, think he's more involved than just an ex-player and pundit. That's a lot of praise for a guy who failed to get over the line, imagine if he did get the deal done😄 Try it again in the next window?

8 hours ago, dermott said:

Contract was signed off on by the government and the PL. Take your pick.

So I doubt if any of those two will bother about enforcing anything .

6 hours ago, icecoolguy22 said:

What's the Mikel's role in this, with the amount of interest he showed, think he's more involved than just an ex-player and pundit. That's a lot of praise for a guy who failed to get over the line, imagine if he did get the deal done😄 Try it again in the next window?

Mikel reckons ( I read it somewhere on social media ) 🤣 he was involved in the attempted transfer of Osimhen. 

f**k knows WHY he was involved though.

If only he could now reveal why exactly he is so pleased and excited after a chat with "Paul" instead of keeping it to himself.

Turd

7 hours ago, Valerie said:

Oh how exciting. Shame this doesn't tell us anything, meaningless bleating from Mikel as far as I'm concerned.

 

35 minutes ago, The Rising Sun said:

Mikel reckons ( I read it somewhere on social media ) 🤣 he was involved in the attempted transfer of Osimhen. 

f**k knows WHY he was involved though.

If only he could now reveal why exactly he is so pleased and excited after a chat with "Paul" instead of keeping it to himself.

Turd

I really used to like mikel. I even defended him when someone said he's useless.

But it's all gone to his head! He's really so fkn annoying now. Thinks he's some kind of famous movie star or something. They're bad enough.

On 06/09/2024 at 23:07, just said:

We've had the Russian, we've had the Americans. I'd like to see the Chinese have a crack at it.

Or a Columbian drug cartel.

Yes, I'd really like the Columbian drug cartel to have a go next.

I can imagine our Sporting director's transfer policy meetings.

How they would deal with player's agents.

Antony Taylor after a " friendly chat" with the owners.

And a change in the staff for the match day executive box at Stamford Bridge. 

 

Can we make a poll on who people would prefer, boehly or clearlake? @coco

Both parties standing firm, this will clearly drag out for quite some time.

Just hope as the seasons go by, both parties keep it professional, but this is Chelsea after all, never a dull day. 

Well that didn’t last long.

Days without drama at Chelsea: 0

Boehly is refusing to take no for answer in the battle for Chelsea

🔹 Boehly is going to make an offer which he believes is going to be ‘too good to turn down’

🔹 The differences as of this evening are now ‘irreconcilable’

[🎥 via @SkySportsNews]

Clearlake sources believe Boehly is the more volatile character. They point to his decision to go on a dressing-room rant against Sterling after Chelsea's 2-1 defeat to Brighton (2023) in which Sterling was called "embarrassing" in front of his teammates. [@JacobsBen]

Recruitment is an issue between the parties. Sources speaking to LondonWorld on condition of anonymity have said that Boehly intended to focus not only on players who could be good for the future, but also on those who could immediately adapt to a top club where winning is the ultimate goal. (@iamrahmanosman) #CFC

Clearlake have ruled out selling any shares and not even a significant premium on the £2.5BN price that it took to purchase Chelsea would make them consider selling. (@SkyKaveh) #CFC

1 hour ago, just said:

Yes, I'd really like the Columbian drug cartel to have a go next.

I can imagine our Sporting director's transfer policy meetings.

How they would deal with player's agents.

Antony Taylor after a " friendly chat" with the owners.

And a change in the staff for the match day executive box at Stamford Bridge. 

 

I see nothing wrong with any of those actions!

3 minutes ago, JM7 said:

Boehly is refusing to take no for answer in the battle for Chelsea

🔹 Boehly is going to make an offer which he believes is going to be ‘too good to turn down’

🔹 The differences as of this evening are now ‘irreconcilable’

[🎥 via @SkySportsNews]

 

2 minutes ago, JM7 said:

Clearlake sources believe Boehly is the more volatile character. They point to his decision to go on a dressing-room rant against Sterling after Chelsea's 2-1 defeat to Brighton (2023) in which Sterling was called "embarrassing" in front of his teammates. [@JacobsBen]

Recruitment is an issue between the parties. Sources speaking to LondonWorld on condition of anonymity have said that Boehly intended to focus not only on players who could be good for the future, but also on those who could immediately adapt to a top club where winning is the ultimate goal. (@iamrahmanosman) #CFC

 

Just now, JM7 said:

Clearlake have ruled out selling any shares and not even a significant premium on the £2.5BN price that it took to purchase Chelsea would make them consider selling. (@SkyKaveh) #CFC

Adding those 3 posts and you get 7yrs of misery. 

Sry, I just watched England play, blame them for my mood!