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Roman Abramovich Thread


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On 12/04/2022 at 07:00, Mário César said:

what do you think about him?

Being from Boston I know Steve Pagliuca fairly well. I met him during the championship they won in 2008 and I can say he truly cares about winning. Passionate owner who loves his players.

They care about the fans and aren't afraid to spend to compete. The players love the current Celtics' ownership so I think his reputation here in Boston as an owner is very positive. 

If they were to win the bid I hope that carries over to Chelsea

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Abramovich has had more than £5.4bn of his assets frozen in Jersey and 12 luxury properties – including a near-£100m villa on the Riviera that was once the holiday home of King Edward VIII – seized by the French government.

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21 minutes ago, ZAPHOD2319 said:

 

Magic Johnson isn't even worth a billion why is it even remotely interesting he got convinced?

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23 minutes ago, ZAPHOD2319 said:

 

well hell, get Jordan, Lebron, Shaq, Larry Bird, and Kobe's ghost whilst we are at it

😸

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34 minutes ago, Hermione said:

Magic Johnson isn't even worth a billion why is it even remotely interesting he got convinced?

This doesn't relate to the Chelsea bid, it's part of a story relating to how they convinced him to join their bid for the Dodgers.

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Roman Abramovich, the club’s present owner, and the Chelsea board will make the final decision on the preferred bidder, and will take into account recommendations from the Raine Group merchant bank which is handling the sale. It is understood that they will not necessarily choose the highest bid as they will prioritise the future guardianship of the club.

The preferred bid is expected to be confirmed next week and insiders suggest that the winning bid could be as much as £2.75 billion. The government must sign off on the sale so that Abramovich cannot profit from the proceeds.

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56 minutes ago, Strike said:

End of this month is the timescale for new owners?

The last thing that was published as far as a timetable was sale complete in May after the UK government and PL sign off on the sale.

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Hope this gets completed soon so we can start planning for the summer. Need a big summer both in and outs I think.

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And then there were three then. 

I actually thought the Ricketts bid was probably the favourite so this is quite a surprising turn up.

I just hope this gets sorted out asap.

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Still think Bohely will the be winner as giving a good package overall. 

Since American they will keep Pulisic in the team which I have no problem. 

Just get rid of Lukaku! 

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I had thought the Ricketts bid was the favorite, too. So that’s nice to hear.

Gotta be Boehly now which is probably the best of them easily. 

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Chelsea takeover: Who is on the preferred bidders shortlist & what happens next?
https://www.goal.com/en/news/Chelsea-takeover-shortlist-preferred-bidder-stage-what/blt3b6feeb315707b45

1. Los Angeles Dodgers co-owner Todd Boehly

2. Atalanta co-owner Stephen Pagliuca

3. Ex-Liverpool chairman Sir Martin Broughton

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The Ricketts were always going to debt leverage the club. They were trying to talk a good game, but somehow Roman or Reine group found a way to make the equity buy binding.

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A lot of people in the last couple of days on social media seem to have been souring on Boehly because it's being speculated that he'll only have a minority stake (20%) and Clearlake Capital will be the majority holding at around 50%.

Firstly the idea of these private equity firms, etc coming on board and asset stripping us or milking the club I think are way over the top. Boehly already said in an interview a few years ago, no one buying a football club should be expecting 30% returns a year but instead it's a stable investment which has capacity for growth. These firms backing bids will know the situation and surely be going into such a deal with their eyes open to this.

There's a reason why all the parties still in the running for us are American led and it's because the view in America is that Chelsea at the current price could be viewed as a steal in another 10 - 15 years time. With the greatest respect to the NBA, NFL, MLB they and their clubs pale in comparison to the wider world of football but in particular the Premier League and Chelsea in general with regards to social media following, worldwide exposure, etc. The Premier League still needs to truly "make it" in America, and it will in time. And the league will continue to boom further as a result.

Asset stripping us is pointless because the value of our squad would barely be worth a third of the sale price and the stadium isn't owned by the new buyers either. Not investing in the future of the club and leaving it to stagnate will completely batter the value of the club.

I believe for these PE firms, a deal like this will be viewed as much more of a long term but steady investment. A bit like someone wanting their investment or pension portfolio to invest into property. It's a longer term, steadier investment than for example, the stock market where they'd be looking to make quicker but riskier gains. The returns on this investment in Chelsea will be in years to come when they may look to divest their shareholding over time.

The main things within Boehly's bid will be that it's 100% equity and no debt. If there's a commitment for a further £1bn of investment in the club too then that has to go some way to furthering the club, particularly if any stadium expansion/redevelopment is done in stages, that will end up being a far cheaper option in the longer term which hopefully then doesn't impact into investment in the playing staff.

And the final point of confirmation on the Boehly bid is that he'll have operational control. Think Levy at Spurs with his minority stake in Enic (and therefore Spurs) compared to Joe Lewis, but he is given operational control to run the club. Boehly should get the same free reign to do so, and I feel confident from what I've heard from him and what I've read about him that he would do that well.

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