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Roman Abramovich hands over ‘stewardship and care’ of Chelsea football club

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Bohemian Toffee said:
They are expected to honour contracts that are already in place, Chelsea have about 1000 full time staff (including players). They will be expected to pay the police for home games and so on.

They are not allowed to enter new contracts or profit from any form of sale, be it from club merchandise, new tickets or players. The club will have an amount of money in place to cover certain costs, but I doubt it's enough to sustain a long term sanction.

The government would probably allow the club to be sold, provided it can be clearly demonstrated that the money from the sale has not gone to Abramovich and a wonky, set up a week ago, charity is unlikely to butter the parsnips.

New contracts can't be offered, so you can be certain that Rudiger and the other Bosmans will be walking.

Finally, to your point, there are rules in place about unpaid wages to players and their freedom to terminate contracts. From memory, I think it's two months unpaid and the player is free to terminate the contract. But then rules about registration kick in, so it's possible, if the money isn't there after a couple of months then players can cancel their deals, but will probably not be able to play anywhere until new registration windows open.
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Who's going to cover the payments of wages though? With little revenue coming in, what happens? There's a lot of questions out there.
 
tsubaki said:
Of all the idiotic acts by this government over the past twelve years, this is one of the most spectacular.

Just put it (and the other seized assets) in a trust FFS, don’t deliberately wreck it to try and cover up all the links between oligarchs and the Tories (or how they CBA to help refugees).

It is shameful.
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I'm surprised they haven't given it to the supporters.
 
catcherintherye said:
Who's going to cover the payments of wages though? With little revenue coming in, what happens? There's a lot of questions out there.
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From my limited understanding, there is a mechanism in place for staff to be paid from funds that are in the club's account. I heard that on a podcast earlier, if I can find the link I will ping it across to you.
 
catcherintherye said:
I'm surprised they haven't given it to the supporters.
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That would have worked, indeed its what he wanted to do at the start - all they'd have to have done is given the trustees guarantees they wouldn't have been financially liable and that could have gone ahead. Instead they've done this, which will almost certainly end up in the Courts and almost certainly see the government lose on the ground that it is demonstrably unfair.
 

tsubaki said:
That would have worked, indeed its what he wanted to do at the start - all they'd have to have done is given the trustees guarantees they wouldn't have been financially liable and that could have gone ahead. Instead they've done this, which will almost certainly end up in the Courts and almost certainly see the government lose on the ground that it is demonstrably unfair.
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Yes. I mean any impartial court wold find you can't just steal off people. But I don't have a lot of faith in western/bourgeois law.

If China had pulled a stunt like this they'd have been making comparisons to the Holocaust or something equally nuts.
 
catcherintherye said:
Yes. I mean any impartial court wold find you can't just steal off people. But I don't have a lot of faith in western/bourgeois law.

If China had pulled a stunt like this they'd have been making comparisons to the Holocaust or something equally nuts.
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With this they will - its not so much the stealing part that is at fault (lets face it every jurisdiction that I know of has some kind of seizure process), its the way in which they are also allowing it to continue as a going concern whilst also banning its operation as a going concern, for which I can think of no precedent here or in anyone else's law.

I mean how on earth can ticket, merchandise and some refreshment sales be banned? The club is actually a separate entity to Abramovich.
 
catcherintherye said:
He's a better businessman than people give him credit for.

To be fair though, Chelsea will get bought out. There will be some excitement, the price will become depressed, and someone will buy them. They're an established PL club.
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There is nobody on the planet who will continue the same invesent in them. They'll be a mid table club in a year or two.
 

Azza said:
Poor attempt at being funny or do you have a fundamental misunderstanding of what NATO is for?
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It’s a fair point though, maybe not NATO, but the countries in it and others when it comes to other conflicts around the world. It has to be said.
 
tsubaki said:
With this they will - its not so much the stealing part that is at fault (lets face it every jurisdiction that I know of has some kind of seizure process), its the way in which they are also allowing it to continue as a going concern whilst also banning its operation as a going concern, for which I can think of no precedent here or in anyone else's law.

I mean how on earth can ticket, merchandise and some refreshment sales be banned? The club is actually a separate entity to Abramovich.
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From the outside, and trying to be some morality to one side (that you shouldn't just steal things based on nationality) they appear to be stuck between 2 approaches.

What are they planning to do? Why are they halting Abramovich selling it and giving the money away?
 

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