4 minutes ago, forbzy said:

I think a lot in the short term will depend on how flexible the government are over their controls. The suggestion is that they may relieve some of the restrictions over their controls once they see some progress over a potential sale. Assuming a bid is accepted then the change of ownership is then in progress. At that point the restrictions may change a little as they would potentially damage the asset of the new owner, leading to legal issues. Roman isn't in a position to take legal action against sanctions. But a new owner could sue the government.

Very true.

Also on the short term side I would expect the players, as a show of good faith, to agree the suspend their wages for a month to ensure many other workers around the club,  who live paycheck to paycheck, can be paid. The players can easily last a month or 2 without and be reimbursed under new owners.

If they do not would be really poor form.

1 minute ago, Stretford Ender said:

Excellent post. It really is frightening. Maybe you can answer this. If a debt is sold to a third-party, can said third-party control the level of interest or is this fixed in the sales contract and cannot be altered. A lot of clubs are robbing Peter to pay Paul as you say and no-one is immune, except for perhaps City and the barcodes.

This is exactly why football in its current form is living on borrowed time. The game is spending money that it doesn't have, and right now is only being propped up because of TV money. That is ultimately what led to the move for a super league. The big European clubs were lured by the promise of even more TV/sponsorship money, and that is the only way they can increase their income and possibly continue this spending practice. I fully expect them to attempt this again and ultimately be successful. But that super league too will ultimately fold when the money runs out.

The government will never punish Saudi run clubs, simply because they supply them with arms and they will supply us with oil. With Boris Johnson going to Saudi Arabia, it just cements it. 

Not sure how legit this is but apparently Saudi Media group have made a bid. 

Whatever happened to Roman's lawsuit against Catherine Belton and Harper Collins? If memory serves, he initiated legal proceedings against them for remarks made in Belton's book 'Putin's People' that Roman claimed defamed him and Chelsea FC. This dates back to the High Court case involving Sergei Pugachev, whose evidence, though discredited, was that Putin ordered Roman to buy Chelsea. This was repeated by Belton in her book.

1 minute ago, Stretford Ender said:

Whatever happened to Roman's lawsuit against Catherine Belton and Harper Collins? If memory serves, he initiated legal proceedings against them for remarks made in Belton's book 'Putin's People' that Roman claimed defamed him and Chelsea FC. This dates back to the High Court case involving Sergei Pugachev, whose evidence, though discredited, was that Putin ordered Roman to buy Chelsea. This was repeated by Belton in her book.

He won. Which is why the press up until last week didn't say much about him, which is then why a lot of Chelsea fans believe he has no current links to Putin. 

Just now, bisright1 said:

He won. Which is why the press up until last week didn't say much about him, which is then why a lot of Chelsea fans believe he has no current links to Putin. 

Thanks.

6 hours ago, RMH said:

I heard yesterday that the monthly expenses of Chelsea FC are around £28m and at the moment the club has about £16m in the bank. If we can't get money in soon, not sure how this is going to leave us at the end of the month.

I've also heard we've only enough cash to run the club for a couple of weeks without anything coming in. I wonder what the bank fees would be on a £12m overdraft?

23 minutes ago, drjonesy1994 said:

Not sure how legit this is but apparently Saudi Media group have made a bid. 

So no doubt we will get scrutinized more than Newcastle did if we end up having proposed Saudi owners.

23 minutes ago, drjonesy1994 said:

Not sure how legit this is but apparently Saudi Media group have made a bid. 

Our chances of competing at the top still would be with this bid being accepted, my gut tells me.

However expect an outcry against Saudi ownership if it happens, which is why I think it won't. Politically too volatile.

I expect the Todd and his partners to win out.

2 minutes ago, forbzy said:

So no doubt we will get scrutinized more than Newcastle did if we end up having proposed Saudi owners.

Oh yes. How many months did it take for Newcastle to be approved? We would be liquidated by the time they got a positive result from the fit and proper people in the PL.

1 minute ago, axman2526 said:

Our chances of competing at the top still would be with this bid being accepted, my gut tells me.

However expect an outcry against Saudi ownership if it happens, which is why I think it won't. Politically too volatile.

I expect the Todd and his partners to win out.

Maybe. However, I don’t see how the gov could scrutinise us for having Saudi owners and not Newcastle though. 

1 minute ago, drjonesy1994 said:

Maybe. However, I don’t see how the gov could scrutinise us for having Saudi owners and not Newcastle though. 

Heh always be ready for a shark to find a weak point.

I think the difference between this and Newcastle is that this bid is from a private company as opposed to Newcastle’s which is linked to the Saudi government

So I havn't been following this story that closely are there any other official bids in other than those of Woody Johnson, The Ricketts, and the Swiss consortium?

I saw some stuff on Nick Candy, The owner of the LA Dodgers, and some Saudi's.  But I don't know if they have submitted official bids.

To be fair the LA dodgers have the 2nd highest payroll in Major League Baseball (Which is sort of similar to European soccer in that there is a vast difference in pay between the top and the bottom teams with the top being at 249 million and the bottom being at 24.6 million.

 

Talk about a lack of self awareness...

 

12 minutes ago, Valpo said:

So I havn't been following this story that closely are there any other official bids in other than those of Woody Johnson, The Ricketts, and the Swiss consortium?

I saw some stuff on Nick Candy, The owner of the LA Dodgers, and some Saudi's.  But I don't know if they have submitted official bids.

To be fair the LA dodgers have the 2nd highest payroll in Major League Baseball (Which is sort of similar to European soccer in that there is a vast difference in pay between the top and the bottom teams with the top being at 249 million and the bottom being at 24.6 million.

 

Nobody has official confirmed any bids, only the bank hired by Roman, Roman and government know. Rest is guess work.

I wonder how @Old Shaggy is feeling now his wish came true.

I really ought to stop using the Daily Mail web site ... their lead sports article reckons there are 200 interested parties now ... TWO HUNDRED !!!

LMFAO

Edited March 14, 20224 yr by Sexyfootball

1 hour ago, drjonesy1994 said:

Not sure how legit this is but apparently Saudi Media group have made a bid. 

Looks like we are going to have the Saudis. No other bidder is going to beat his price (and if they do, Saudi Media will just top it easy)

12 minutes ago, Mana said:

Looks like we are going to have the Saudis. No other bidder is going to beat his price (and if they do, Saudi Media will just top it easy)

Depends of the Gov mean what they say and if Roman can still control who gets the club.

If all the gov care about is most money to give to war victims then highest bidder wins of course.

If they care at all and Roman has any say it will go to the one bidder who is most likely to back up their promises.

I.e.

Invest in stadium 

Guarantee all the jobs of staff

Look after the clubs long term future

Show proof of funds to cover all debts

Etc

The bidding deadline for prospective new owners of Chelsea Football Club is the end of this workweek, and the company tasked with conducting the sale, Raine Group LLC reportedly expect the transaction to close quite quickly after that, with the BBC reporting that “a sale could happen by the end of the month after positive conversations with the UK government”.

 

https://weaintgotnohistory.sbnation.com/2022/3/14/22977427/saudi-media-2-7b-bid-ricketts-criticism-chelsea-sale-to-close-by-end-of-month-reports

 

Raine group are confident a sale could well be done by month end.

Also the Cubs fans are pi$$Ed that the Ricketts family have gone from being broken and not investing in them to bidding billions for Chelsea. Think we need to stay clear of him.

 

2 hours ago, forbzy said:

This is exactly why football in its current form is living on borrowed time. The game is spending money that it doesn't have, and right now is only being propped up because of TV money. That is ultimately what led to the move for a super league. The big European clubs were lured by the promise of even more TV/sponsorship money, and that is the only way they can increase their income and possibly continue this spending practice. I fully expect them to attempt this again and ultimately be successful. But that super league too will ultimately fold when the money runs out.

Exactly right, when Two behemoth clubs can fall through the floor(RM and Barca) I know covid screwed them, but they aren’t viable without huge inputs, The Top 6 in the PL could or do monopolise all the monies, but have your safety net removed, there had better be someone else to catch the falling, and keep those plates a spinning..

1 minute ago, axman2526 said:

Depends of the Gov mean what they say and if Roman can still control who gets the club.

If all the gov care about is most money to give to war victims then highest bidder wins of course.

If they care at all and Roman has any say it will go to the one bidder who is most likely to back up their promises.

I.e.

Invest in stadium 

Guarantee all the jobs of staff

Look after the clubs long term future

Show proof of funds to cover all debts

Etc

But...it's quite clear that Saudi Media can do all of that. They have billions. Not as much as the Newcastle owners, but still. Candy is going to struggle and the Swiss-US bid, they will most likely turn us to a Glazer club.

And honestly? I'm tired of the politics thing. Most billionaires/governments are corrupt. Even the US bombed Yemen. I will never support the Saudis for what they are doing to helpless people. But Saudi Media is not Saudi Arabia. They don't call the shots on the killing. It's similar to Roman Abramovich.

Roman Abramovich just travelled from Israel to Turkey.