Roman Abramovich Thread

[Vesper 29,022]

Ricketts family bid for Chelsea entirely funded by cash

Four consortiums are vying to buy the Premier League club from Roman Abramovich.

https://www.independent.co.uk/sport/football/roman-abramovich-chicago-cubs-martin-broughton-stamford-bridge-premier-league-b2049201.html

 

The Ricketts family’s bid to buy Chelsea is entirely funded by cash, the PA news agency understands.

The Chicago Cubs-owning Ricketts are among the final four bidders looking to buy Chelsea from Roman Abramovich.

The Ricketts, for whom siblings Tom and Laura are fronting the family’s candidacy, have been adding advisory partners in fine-tuning their bid ahead of the April 11 deadline for improved offers, but were understood to have no need of extra investment.

US hedge fund supremo Ken Griffin has added his significant personal financial clout behind the Ricketts’ bid.

Griffin

(£23.63 billion)

that means he just now passed, (for the first time, bad omen!) Roman's all time highest net worth (pre global crisis) in 2008 (inflation adjusted total in 2022 quid of £23.61 billion (by literally a cunt hair, £20m)

Disclaimer I do fully admit this is all absolutely NOT accurate down to the pound, regardless of the exact figures shown by the websites, but the point is, the fucker is LOADED (and he has gained almost $10 billion YTD)

2 days ago:

[Vesper 29,022]

Oki, I am feeling a BIT better:

Quote

 

Tom and Laura Ricketts have worked hard to build links with Chicago’s Muslim community after Joe’s comments from 2019.

Brother Pete Ricketts has been linked to anti-LGBTQ sentiment, but is not involved in either the Chelsea bid or the Cubs.

Laura Ricketts in contrast is the first openly gay owner of a major American sports franchise in her co-chair role at the Cubs.

A major campaigner for LGBTQ rights, Laura Ricketts is a member of the Barack Obama Foundation’s Inclusion Council and has received long-standing backing from the former US President.

 

 

I want to see official confirmation that that cunt Gov Pete has ZERO role with us, zero equity in Chelsea

[Vesper 29,022]

Griffin is the main reason the Ricketts group is at the top of list I think

at the rate he is going, he will be worth over £30 billion fairly soon I predict, and he sounds like he is dumping in a tonne of cash

I just hope if the Ricketts and Griffin DO buy us, that all the extreme RW parts (like I said, I fully admit that Tory/Rethug friendly money is involved with all the bids, even the Boehly group, as Jonathan Goldstein, besides being a diehard Spuds fanboi (arfff) is also a major Tory backer and a massive Corbyn hater who helped lead the dodgy anti-Semitic charges against Corbyn) of the fam are 100% cut out, and that they build a PROPER new stadium, not some cookie cutter POS

[Vesper 29,022]

Former Labour Cabinet Minister Lord Hain Calls for Stephen Pagliuca's Chelsea Bid to Be Barred

https://www.si.com/soccer/Chelsea/news/former-labour-cabinet-minister-lord-peter-hain-calls-for-stephen-pagliucas-Chelsea-bid-to-be-barred

Former Labour cabinet minister and Chelsea fan Lord Peter Hain has called for the UK Government to bar the bid of Stephen Pagliuca after Raine Group named the Boston Celtics owner in the final four shortlist of preferred bidders.

The final shortlist includes Pagliuca's offer alongside proposals from the Ricketts family, Todd Boehly and Sir Martin Broughton, the former two both consortium bids.

Speaking in parliament, as quoted by the Evening Standard, Lord Hain has called for the Pagliuca bid to be disqualified due to Bain Capital's involvement in the bid.

He stated:

 "Will ministers also bar the Pagliuca consortium bid headed by the chair of Bain Capital which remains highly entwined with Bain & Company recently indicted by South African Judicial Commission for acting ‘unlawfully’ & referred for prosecution.

"Bain cynically and ruthlessly disabled the country’s tax collecting agency by conspiring with the corrupt former president Zuma for an £8 million fee.

"Chelsea and the Premier League must not be contaminated with such despicably corrupt business practice.""

The politician has been a Chelsea fan for 57 years, he said, but has concerns over Pagliuca's bid due to his involvement with Bain Capital and the controversy surrounding the company.

This comes after Chelsea fans started a social media campaign to show their displeasure with the Ricketts family bid also, with the #NoToRicketts hashtag trending on Twitter.

Furthermore, a petition against the Ricketts bid has also reached 16,000 signatures as Blues fans are doing all they can to show their displeasure with the bid.

This leaves Boehly and Broughton's bids as the only two without controversy surrounding them, as of yet.

Edited April 1, 2022 by Vesper

[Vesper 29,022]

'If they want the Ricketts family to buy it, just tell us now!': Rival £3bn Chelsea bidders are left 'angry' at 'preferential treatment' for Chicago Cubs owners, after Blues chairman Bruce Buck organised a meeting to help them quell fan opposition

• Paul Canoville called for the Ricketts bid to be rejected due to past controversy
• Joe Ricketts, the head of the family, called Muslims 'my enemy' in leaked emails 
• Chelsea's Bruce Buck facilitated a meeting between Tom Ricketts and Canoville 
• But the meeting has sparked concern from rival groups of preferential treatment
• According to The Times, one group says process' rules may have been breached 

https://www.dailymail.co.uk/sport/sportsnews/article-10668629/Rival-3bn-Chelsea-bidders-left-angry-preferential-treatment-Ricketts-family.html

[Vesper 29,022]

mood 😟

 

Edited April 2, 2022 by Vesper

[OhForAGreavsie 5,898]

On 01/04/2022 at 16:44, Superblue_1986 said:

I have never met Bruce Buck so can only trust your judgement on him face to face.

I didn't mean to suggest that I think my opinion is any more valid than yours. All I can say is that in that five minute conversation he came across differently to how you portrayed him. Of course in that kind of event he could be expected to be an his 'best' behaviour.

Edited April 2, 2022 by OhForAGreavsie

[ZAPHOD2319 4,519]

Feck!!

Ricketts bid just got infinitely stronger.

 

[Vesper 29,022]

10 minutes ago, ZAPHOD2319 said:

Feck!!

Ricketts bid just got infinitely stronger.

 

Gilbert is worth £17.7 billion, or around £6 billion less than Griffin

so, yes its a big deal, but it is not like Ellison or Gates or Musk, etc etc 125 to 250 billion came flowing in

[Vesper 29,022]

Dan Gilbert earned his fortune as the founder and CEO of Quicken Loans (originally called Rock Financial). The company's name was changed after it was purchased by Intuit Inc., the company that also created QuickBooks and TurboTax. Quicken Loans now operates under the umbrella firm of Rocket Companies. In the first half of 2020 alone, Rocket generated $124 billion in new mortgages. 

[Vesper 29,022]

btw, Celebrity Net Worth is utter trash

always massively off

[ZAPHOD2319 4,519]

1 hour ago, Hermione said:

I'm starting to like them if all these billionaires invest in us properly.

The problem is these kind of people want some from you, they don’t like spending just to win.

[ZAPHOD2319 4,519]

2 hours ago, Hermione said:

Must be easier ways to make money than sucking dry a club who isn't really self sustaining, also for someone with a net worth of 30 billions it's hard to believe Griffin is in this for the money.. I read a report this morning that they the Ricketts aren't the ones controlling the stakes if they win but someone else not named possibly Griffin himself.

 

It could be one of them has reached a point that they want a world champion and are willing to spend without hope of a return. 

[Blue Armour 4,312]

18 hours ago, ZAPHOD2319 said:

Feck!!

Ricketts bid just got infinitely stronger.

 

Correct me if I'm wrong, but has there ever been a consortium of this size and wealth involved in a European football club before?

Surely the fact that so many are looking to get a piece of the pie would imply that the investments they put into the club could be proportional, especially if they intend to get any sort of meaningful return 

Edited April 3, 2022 by Blue Armour

[whats happening 1,534]

dan gilbert was willing to spend tons of money while james was playing in cleveland. 

[Superblue 6,372]

19 hours ago, OhForAGreavsie said:

I didn't mean to suggest that I think my opinion is any more valid than yours. All I can say is that in that five minute conversation he came across differently to how you portrayed him. Of course in that kind of event he could be expected to be an his 'best' behaviour.

I know you didn't, if it came across as such I apologise.

[Vesper 29,022]

1 hour ago, Blue Armour said:

Correct me if I'm wrong, but has there ever been a consortium of this size and wealth involved in a European football club before?

Surely the fact that so many are looking to get a piece of the pie would imply that the investments they put into the club could be proportional, especially if they intend to get any sort of meaningful return 

Private owners?

Not sure.

State backed, sure.

NUFC, Citeh, PSG all dwarf anything private

I was really hoping, by far, for the Kuwaiti royal fam to finally buy a major football team with us.

The the 2nd richest on the planet (after the Saudis)

closing in on £400 billion or so, and (by Gulf standards) they are not crazy human rights abusers

[Magic Lamps 11,668]

1 hour ago, Blue Armour said:

Correct me if I'm wrong, but has there ever been a consortium of this size and wealth involved in a European football club before?

Surely the fact the so many are looking to get a piece of the pie would imply that the investments they put into the club could be proportional, especially if they intend to get any sort of meaningful return 

Apart from the sheik wealth funds (which in a sense are organised consortiums as well when they take over a football club), I don't think there will be a bigger consortium. The one with which Usmanov took over Arsenal was huge as well.

However, it remains to be seen how powerful this consortium will be in terms of spending power. If the new owners indeed are willing to support us financially to their maximum capabilites, we will be able to compete at the very top in terms of transfer fees and wages. But I doubt that. An approach similar to that of Liverpool or even ManUre is more probable, unfortuantely. Americans have are good at capitalism. And the main driver of capitalism is debt. They will probably re-finance most of their investments into the club with cheap loans. This is not necessarily problematic tho. Instead it will depend on their long term vision for the club. If they want us to be profitable over a long period of time and are willing to invest accordingly, we can continue to be successful. If they view us as a cash cow like the Glazers do (while still burning tons of money in the process cos they are dumb) it will be curtains for us. In contrast, if they are willing to built a sustainable business model, enhancing our brand in the process, while allowing us to expand with a reasonable amount of losses and debt in the first few years we could end up becoming a much bigger club.

Roman was a generous owner, yet he still would have sold us at some point for profit even without the sanctions. he bought us dirt cheap for like 100m pounds or so, poured in like 2bn transformed us into a European powerhouse and would have sold us for over 3bn. Quite a nice profit if you ask me, only winners in this deal. Sporting-wise we could have hardly asked for more during that period. But economically I think we could have done even better. Being owned by  a Russian made us even less popular in the UK. Moreover, we also never really made enough out of our popularity in Asia and the US. I never saw a cohesive strategy in terms of international brand marketing. While being run as a solid business for the last few years, we could have easily invested a bit more in brand expansion. Think about it, with Captain America we have one of the most popular footballers ever and the US still has not seen him playing for us on their side of the Atlantic. Having TT, Rüdiger and Kai has tripled media attention in Germany, a huge football market as well, yet the accessability of our merch here has even regressed. It is mind-boggling. I genuinely believe, we as a club have the potential to be just as big a brand as Real or ManUtd. From the beautiful royal blue to the awesome location, the majestic Stamford Bridge, a history of respectable, heroic leaders on and off the pitch, the club radiates flair and elegance. As opposed to the sketchy proletarian clubs of the north which have long betrayed the values they were founded upon, our club has always stayed true to its heritage. Made from and for a cultured gobal middle class. Everything about us just has a touch of class, which is way more than the rest can claim. Listen to our songs and compare them to the primitive monotony of YNWA or GGMU and it is immediately audible. Walk along the King's road, visit the fashionalbe yet cozy bars and little restaurants around the bridge as opposed to the faceless shacks in Manchester liverpool or northern London. As a little kid, when I was at my first ever football game at the gruelling old WHL of all places, the spurs fan would ask why I don't go home and watch football there if I can not even understand their chants yet. In contrast, the Chels were really appreciative and interested how we came all the way from Germany to attend fierce London derby. It became quite tangible which kind of ppl are attracted by the respective culture and values the respective clubs emanate.

While it all happens under terrible circumstances and with a very sad inducement the timing of this change of ownership could not be more intriguing. We have been a title winning machine again, maybe now is the time to become the global brand we ahve the potential to be. As world champions are at a peak as a club, so the quality of bids should be as well. That being said, there is a huge chance it will blow up in our faces. The Ricketts have not really instilled any confidence. I do not know much about them, their connections to racist groups, statements, the deluded yank alt-right scum etc. are alarming. Also their latest attempt to chum up to the fans, rambling about diversity and inclusion etc were misguided and pathetic. The worst was however that they did not even mention anything about having a strategy how to stay competetive on the sporting side and expand our brand as elucidated above.