Chelsea put up for sale

[Leyton388]

Found this on TLW

Abramovich puts Chelsea for sale?

Seriously affected by the world financial crisis, Russian tycoon Roman Abramovich is thinking of selling either Chelsea or his luxury yacht "Pelorus".

Assets depreciation and another effects of the world financial crisis might have reduced Roman Abramovich's personal fortune from €16,700 million to €2,300 million, according to Russian news agency Prime-Tass.

This is the current scenario for the Russian tycoon, who must made a decision: either he puts Chelsea for sale (he invested more than €210 million since July 2003, including the team's debts) or he sells his yacht, which is said to cost some €200 million.

The press published statements from an expert in financial transactions in soccer and former manager of two teams from Germany; according to him, "rumors about selling Chelsea started spreading in November" and Abramovich "is looking for a broker to lead the transaction."

Meanwhile, cuts in budget are already in force at Chelsea: 15 managers were fired (they earned €156,000 total per year)and no more free meals for the players at the cafeteria, according to Russian TV channel "Vesti-24".

Roman Abramovich is said to sell Chelsea due to financial crisis: Soccer, SportsYA in English


please please please please please!!!!!

Guess losing alot of you money due to the credit crunch makes you reassess things.

[AFII]

Chelsea owns him £600m.

All the money he invested is only an interest free loan.

[Leyton388]

LOL Keep Chelsea or his boat LOL shows just what Chelsea really are.

[-V-]

I hope he calls in his chelsea loan

[Craig_H]

Surely if he sells, the only person who could buy them would be someone who could afford to keep funding them? Or maybe he just wont be able to find a buyer.

[Imy]

Chelsea without their sugar daddy, interesting proposition.

[Craig_H]

I dont wanna find this too pleasing, until i know for a fact that there's no chance of DIC wanting in.

[Leyton388]

Not only would the person selling need to buy the club. They would also need to pay off the £600m Loan Roman gave them.

He is a smart man Roman so it is a no brainer you keep the yacht.

[Leyton388]

I dont wanna find this too pleasing, until i know for a fact that there's no chance of DIC wanting in.

They have more pressing matters at the minute with oil prices and the credit crunch.

[Craig_H]

Well i hope so.

It'd be gutting if they ended up deciding to go for Chelsea, after everything that's (nearly) happened

[Parm]

this story seems to do the rounds every so often. Cant see it happening though.

[JohnDoe]

No one would buy them, their debt is massive.

[PTP]

Found this on TLW

Abramovich puts Chelsea for sale?

Seriously affected by the world financial crisis, Russian tycoon Roman Abramovich is thinking of selling either Chelsea or his luxury yacht "Pelorus".

Assets depreciation and another effects of the world financial crisis might have reduced Roman Abramovich's personal fortune from €16,700 million to €2,300 million, according to Russian news agency Prime-Tass.

This is the current scenario for the Russian tycoon, who must made a decision: either he puts Chelsea for sale (he invested more than €210 million since July 2003, including the team's debts) or he sells his yacht, which is said to cost some €200 million.

The press published statements from an expert in financial transactions in soccer and former manager of two teams from Germany; according to him, "rumors about selling Chelsea started spreading in November" and Abramovich "is looking for a broker to lead the transaction."

Meanwhile, cuts in budget are already in force at Chelsea: 15 managers were fired (they earned €156,000 total per year)and no more free meals for the players at the cafeteria, according to Russian TV channel "Vesti-24".

Roman Abramovich is said to sell Chelsea due to financial crisis: Soccer, SportsYA in English


please please please please please!!!!!

Guess losing alot of you money due to the credit crunch makes you reassess things.

that always makes me ****ing laugh - multi millionaire footballers, have to pay for their meals in the canteen! u can just see lampard and terry's face "what - we represent this club, and they are making me pay £3.50 for a salad, some pasta and a can of coke - **** that, i'm going to get me mum to make a packed lunch from now on"

[spud_gun]

Looks a load of bollocks to me.

He's invested far, far more than 210m Euros since he took over the Chavs.

That's a fairly rudimentary fact which the author has managed to get wrong.

[magicalbarnes]

I would loe it if he asked for his loan back, and they 'did a Leeds'