The Football.....

[Seevio]

 

[jowwy]

media outlets are posing the same question as i did yesterday

 

[SpokeyDokey]

If hes asking 4billion for a club that cost him 140m……then he could take the 1.5b from the sale and give the net left to charity

Chelsea FC have an unusual company structure and effectively carry virtually no debt.

The debt is held in the Chelsea FC holding company Fordstam Ltd.

For some reason the media seem to be ignoring these very salient facts.

As an aside, this means that Chelsea FC pay very little debt interest.

Back to the main point; Chelsea FC is to be sold and RA has stated that he will not call any debt in - technically he could move the debt from Fordstam Ltd to Chelsea FC etc.

The fact that he has made this statement means it would, imo, preclude any such transfer being made as:

It would be a particularly dumb buyer or consortium that would accept this.

And, no doubt, the eyes of the world will be watching.

 

[jowwy]

Chelsea FC have an unusual company structure and effectively carry virtually no debt.

The debt is held in the Chelsea FC holding company Fordstam Ltd.

For some reason the media seem to be ignoring these very salient facts.

As an aside, this means that Chelsea FC pay very little debt interest.

Back to the main point; Chelsea FC is to be sold and RA has stated that he will not call any debt in - technically he could possibly move the debt from Fordstam Ltd to Chelsea FC.

The fact that he has made this statement means it would, imo, preclude any such transfer being made as:

It would be a particularly dumb buyer or consortium that would accept this.

And, no doubt, the eyes of the world will be watching.

read the above post......chelsea wont be paying the debt and the new buyer wont be paying the debt. he will simply take the money from the sale, say 3 billion pounds, take what he is owed 1.5billion and then the "NET" will be put to the charity for the victims of the war......

That way he isn't out of pocket and unforseen debts are not put onto the club and scuppering the sale....he's a business man

 

[Scaleyback]

Net it means "after all costs and expenses are deducted " I'm now wrapping my cynicism coat even tighter around me.

This excerpt from BBC Sport is exactly what I was referring to in my earlier post

 

[SpokeyDokey]

There is no loan to Chelsea FC.

Chelsea FC has no debt.

There will be no £1.5bn taken out of the sale price - how can it be?

My last word on the subject as, as usual, the less than well informed media has made its mind up on the matter.

Let's see how it unscrolls...

 

[jowwy]

There is no loan to Chelsea FC.

Chelsea FC has no debt.

There will be no £1.5bn taken out of the sale price - how can it be?

My last word on the subject as, as usual, the less than well informed media has made its mind up on the matter.

Let's see how it unscrolls...

he owns CHELSEA FC - therefore he owns whatever the club is sold for, therefore he can take whatever he wants out of the sale price for himself and the NET, which means what is left, will be given to charity......

there is a loan to chelsea fc, cause he said so in his statement or did you not read it properly. If the loan was to the other company you state, then there was no reason to mention it within his statement of his sale of CHELSEA FC

 

[jowwy]

The full statement - no mention of fordtsam ltd - only chelsea

https://www.chelseafc.com/en/news/2022/03/02/statement-from-roman-abramovich

 

[Scaleyback]

There is no loan to Chelsea FC.

Chelsea FC has no debt.

There will be no £1.5bn taken out of the sale price - how can it be?

My last word on the subject as, as usual, the less than well informed media has made its mind up on the matter.

Let's see how it unscrolls...

I don't read that latest BBC release as the media has "made up it's mind" That are questioning the meaning of the wording.

I am of the opinion that words are easy and PR is the 'name of the game' in all walks of life. RA actions need to be judged when the sale is done & dusted.

 

[SpokeyDokey]

@jowwy

Scroll down to position 1 which will explain the club/debt structure.

https://www.1sports1.com/ranked-premier-league-clubs-with-the-most-debts/3/

Pretty much what I said above.

If you want to pay you can get Fordstam and Chelsea FC's a/c's from Companies House to corroborate.

 

[jowwy]

@jowwy

Scroll down to position 1 which will explain the club/debt structure.

https://www.1sports1.com/ranked-premier-league-clubs-with-the-most-debts/3/

Pretty much what I said above.

If you want to pay you can get Fordstam and Chelsea FC's a/c's from Companies House to corroborate.

i dont care what that states.....RA can still take 1.5b from the profit of sale for himself and give the NET to charity. otherwise he would say i will give all gross profits to charity

i already stated in my post that no debts would go onto chelseas books, that could therefore scupper a sale.

 

[SpokeyDokey]

i dont care what that states.....RA can still take 1.5b from the profit of sale for himself and give the NET to charity. otherwise he would say i will give all gross profits to charity

i already stated in my post that no debts would go onto chelseas books, that could therefore scupper a sale.

Okay - no point in discussing this any further with you.

 

[jowwy]

Okay - no point in discussing this any further with you.

we are both agreeing there is no debt on chelsea FC...i have now said that on 3 separate posts, but it doesn't mean he wont take it from the GROSS profit of the sale

 

[Rusty Nails]

I am of the opinion that words are easy and PR is the 'name of the game' in all walks of life. RA actions need to be judged when the sale is done & dusted.

^^^^^^^ Exactly.

He has extremely well paid accountants and until it happens, and the money is in the hands of those looking after the welfare of victims of the Ukraine war.....overwhelmingly Ukrainians.....nobody knows and it is just more partisan football chatter.

I hope he does the right thing by Chelsea and Ukrainians.

 

[jowwy]

^^^^^^^ Exactly.

He has extremely well paid accountants and until it happens, and the money is in the hands of those looking after the welfare of victims of the Ukraine war.....overwhelmingly Ukrainians.....nobody knows and it is just more partisan football chatter.

I hope he does the right thing by Chelsea and Ukrainians.

i doubt he will....still hasnt made a statement condemning the war yet, what does that say about him