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9 hours ago, King Kante said:

I do a little investing and things like this aren't really an issue, especially for individuals like Ratcliffe whose investments are in established industries that aren't on the brink of extinction. Firstly, he isn't going to sell his shares, so all he has currently is a paper loss, secondly within five years' he will either be richer than he is now or back to his peak. 

People like Ratcliffe don't panic in such situations and they especially do not sell in such situations. 

It is a little like saying any investor when Covid hit was 50% less rich than they were the month before. Most people who where in that boat, are still richer than they were before the Covid crash. 

I mean, just look at that graph, even with the current volatility he is still almost 10x richer than he was at the start of 2016. That is an insane amount of growth. 

Ratcliffe's 20 billion loss (from around 30 billion usd around 10bn usd) in 11 months is NOT normal

Covid crash? Not for the billionaires of the planet.

They gained 5 TRILLION usd in net worth just since the start of the COVID pandemic up until mid January 2022

 

Ten richest men double their fortunes in pandemic while incomes of 99 percent of humanity fall

https://www.oxfam.org/en/press-releases/ten-richest-men-double-their-fortunes-pandemic-while-incomes-99-percent-humanity

New billionaire minted every 26 hours, as inequality contributes to the death of one person every four seconds 

The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion —at a rate of $15,000 per second or $1.3 billion a day— during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty. 

“If these ten men were to lose 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of all the people on this planet,” said Oxfam International’s Executive Director Gabriela Bucher. “They now have six times more wealth than the poorest 3.1 billion people.”

In a new briefing “Inequality Kills,” published today ahead of the World Economic Forum’s Davos Agenda, Oxfam says that inequality is contributing to the death of at least 21,000 people each day, or one person every four seconds. This is a conservative finding based on deaths globally from lack of access to healthcare, gender-based violence, hunger, and climate breakdown.

“It has never been so important to start righting the violent wrongs of this obscene inequality by clawing back elites’ power and extreme wealth including through taxation —getting that money back into the real economy and to save lives," she said.

Billionaires’ wealth has risen more since COVID-19 began than it has in the last 14 years. At $5 trillion dollars, this is the biggest surge in billionaire wealth since records began.
“Billionaires have had a terrific pandemic. Central banks pumped trillions of dollars into financial markets to save the economy, yet much of that has ended up lining the pockets of billionaires riding a stock market boom. Vaccines were meant to end this pandemic, yet rich governments allowed pharma billionaires and monopolies to cut off the supply to billions of people. The result is that every kind of inequality imaginable risks rising. The predictability of it is sickening. The consequences of it kill,” said Bucher.

 

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Im going to go on a bit of an out of character rant here because tbh i am sickened by some of the stuff i have read about Roman these past 48 hours. Now do i agree with his decision to sack Roberto Di

The three last games show how much wrong was the decision to sack our manager, how much wrong was the choice of personel, and especially how much the timing was wrong. Roberto Di Matteo was sacked whe

We needed world class manager in 2004 - we got him. We didn't need world class manager in 2007, 2008, 2009, 2010. We could use one, of course, but the core of the team in Terry, Lampard, Cole, Essien,

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Taken from BBC Sport

 

A consortium led by LA Dodgers owner Todd Boehly is set to be named the preferred bidder for Chelsea, BBC Sport understands.

The club was put up for sale before owner Roman Abramovich was sanctioned for his alleged links to Russian president Vladimir Putin following the invasion of Ukraine.

Earlier on Friday, British billionaire Sir Jim Ratcliffe made a £4.25bn offer.

The late offer is understood to have prompted confusion among rival bidders.

Ratcliffe - majority shareholder of chemical group Ineos - pledged to invest £1.75bn into the club over 10 years as part of his submission.

But the offer arrived on Friday morning, weeks beyond the initial deadline for bids of 18 March.

Chelsea and Boehly have not officially commented on his group's position as preferred bidders.

The American investor and businessman - who has offered around £2.5bn for the club - has a reported net worth of $4.5bn (£3.6bn) according to Forbes.

He is a part owner of the Dodgers - a US baseball franchise - and US women's basketball outfit the Los Angeles Sparks, while he also owns a stake in the renowned LA Lakers NBA franchise.

His consortium includes Swiss billionaire Hansjorg Wyss, American PR executive Barbara Charone, British businessman Jonathan Goldstein and British journalist Daniel Finkelstein.

Other consortiums who have been in the running to buy Chelsea have been headed by Sir Martin Broughton and the co-owner of the Boston Celtics, Stephen Pagliuca - but both have now been told their bids were unsuccessful.

Chelsea are operating under a special licence from the UK government which ends on 31 May, but on Thursday Culture Secretary Nadine Dorries said the club were on "borrowed time" to complete the sale.

'A British bid for a British club'

Nadine Dorries: Chelsea must be sold within "weeks"

Ratcliffe is the majority shareholder of Ineos, having founded the organisation in 1998.

Speaking to BBC Sport in May 2019, he described himself as a 'tortured Manchester United fan'. When asked if he was interested in buying Chelsea, he answered "never say no."

In recent years. the company has purchased Swiss side FC Lausanne and French Ligue 1 side Nice.

He also purchased the Team Sky cycling franchise in 2019 but in 2020 told BBC Sport he had no plans to expand the group's sporting interests by investing in a Premier League club.

"This is a British bid, for a British club," read an Ineos statement.

"We will invest in Stamford Bridge to make it a world-class stadium, befitting of Chelsea FC. This will be organic and ongoing so that we will not move away from the home of Chelsea and risk losing the support of loyal fans.

"We will continue to invest in the team to ensure we have a first-class squad of the world's greatest players, coaches and support staff, in the men's and women's games.

"And we hope to continue to invest in the academy to provide opportunity for talented youngsters to develop into first-class players."

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6 hours ago, Vesper said:

Ratcliffe's 20 billion loss (from around 30 billion usd around 10bn usd) in 11 months is NOT normal

Covid crash? Not for the billionaires of the planet.

They gained 5 TRILLION usd in net worth just since the start of the COVID pandemic up until mid January 2022

 

Ten richest men double their fortunes in pandemic while incomes of 99 percent of humanity fall

https://www.oxfam.org/en/press-releases/ten-richest-men-double-their-fortunes-pandemic-while-incomes-99-percent-humanity

New billionaire minted every 26 hours, as inequality contributes to the death of one person every four seconds 

The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion —at a rate of $15,000 per second or $1.3 billion a day— during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty. 

“If these ten men were to lose 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of all the people on this planet,” said Oxfam International’s Executive Director Gabriela Bucher. “They now have six times more wealth than the poorest 3.1 billion people.”

In a new briefing “Inequality Kills,” published today ahead of the World Economic Forum’s Davos Agenda, Oxfam says that inequality is contributing to the death of at least 21,000 people each day, or one person every four seconds. This is a conservative finding based on deaths globally from lack of access to healthcare, gender-based violence, hunger, and climate breakdown.

“It has never been so important to start righting the violent wrongs of this obscene inequality by clawing back elites’ power and extreme wealth including through taxation —getting that money back into the real economy and to save lives," she said.

Billionaires’ wealth has risen more since COVID-19 began than it has in the last 14 years. At $5 trillion dollars, this is the biggest surge in billionaire wealth since records began.
“Billionaires have had a terrific pandemic. Central banks pumped trillions of dollars into financial markets to save the economy, yet much of that has ended up lining the pockets of billionaires riding a stock market boom. Vaccines were meant to end this pandemic, yet rich governments allowed pharma billionaires and monopolies to cut off the supply to billions of people. The result is that every kind of inequality imaginable risks rising. The predictability of it is sickening. The consequences of it kill,” said Bucher.

 

A couple of things: 

1) That article is a few months old. A number of Billionaires have seen large fluctuations recently. Bezos 'lost' about £15bil yesterday, Zuckerberg is down around 40% since last year. 

2) You're overlooking that he has still gained about 1000% net worth in his equity holdings, even with the crash, since 2016. 

3) All losses at the moment are what are called, 'unrealised losses' since he never sold or does he have any intention of selling so he will just ride this out. 

4) Charts that are provided principally focus on the equity wealth, apart from Real Estate, no one really knows what a Billionaire has in hard assets. Therefore, he could be sitting on large gold, mineral (possible with the industry he is from), commodity wealth from all we know. 

5) Fluctuations happen all the time in investing and sometimes, hard ones. If you go back to the chart, his wealth is around where it was after Covid and still significantly up over a 5 year period. Focusing on one year, isn't what these types of people do. 

6) That Oxfam article is pretty biased. Firstly, they use the bottom of the Covid crash to calculate the wealth these individuals have accumulated and ignored where they were at prior to it. Additionally, I very much doubt, now there is another crash or market volatility, they are going to write about how some Billionaires have lost 50%+ of their wealth since the top of the market, since it doesn't fit their agenda. 

7) People get too caught up with what a 'cash buyer' means in acquisitions. Unless a Billionaire is attempting to move away from particular industries, they don't sell shares. Instead when you hear they're a cash buyer, what they have done is they've leveraged against other assets within their portfolio. 

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Boehly would be my preference here just from how it appears the whole bid seems to have been meticulously planned, ticks all the boxes and just does not appear to carry any real controversy. But it is perhaps slightly more settling to know that if something suddenly broke down with the Boehly bid, it does appear that there is a bid from Ratcliffe potentially waiting in the wings if we needed to switch quick.

Hopefully though the Boehly bid can be pushed through asap so that we can at least finish the season with some clarity and positivity around the club and plan properly for next season.

One thing that should be noted is Tuchel came in mid-season during a covid environment and had to hit the ground running within 3 competitions to the very end of last season. He's then had players coming back in stages over pre season due to the Euros and our season pretty much started immediately with the Super Cup and has just dragged on constantly since then with the sheer volume of games we've played.

This summer, 18 months in, should be the first time Tuchel has a full squad coming back for a full pre season to be able to go and tour America, train tactically for an extended period, etc. He really needs to be given this opportunity to its fullest this summer and clarity over potential incomings and outgoings. We are well known for dragging deals out and its imperative this summer we don't do this. If there's a couple of big signings we make, they need to be in place for a full pre season with the club.

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9 hours ago, Superblue_1986 said:

Boehly would be my preference here just from how it appears the whole bid seems to have been meticulously planned, ticks all the boxes and just does not appear to carry any real controversy. But it is perhaps slightly more settling to know that if something suddenly broke down with the Boehly bid, it does appear that there is a bid from Ratcliffe potentially waiting in the wings if we needed to switch quick.

Hopefully though the Boehly bid can be pushed through asap so that we can at least finish the season with some clarity and positivity around the club and plan properly for next season.

One thing that should be noted is Tuchel came in mid-season during a covid environment and had to hit the ground running within 3 competitions to the very end of last season. He's then had players coming back in stages over pre season due to the Euros and our season pretty much started immediately with the Super Cup and has just dragged on constantly since then with the sheer volume of games we've played.

This summer, 18 months in, should be the first time Tuchel has a full squad coming back for a full pre season to be able to go and tour America, train tactically for an extended period, etc. He really needs to be given this opportunity to its fullest this summer and clarity over potential incomings and outgoings. We are well known for dragging deals out and its imperative this summer we don't do this. If there's a couple of big signings we make, they need to be in place for a full pre season with the club.

I feel that Ratcliff would be more like what Roman was for Chelsea meanwhile Boehly will evolve the club and the Bridge more profound with scouting, data analytics, commercial growth and matchday revenues which will develop the club alot more in the long term.

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15 hours ago, Blues Forever said:

 

Jim Ratcliffe actually confirming the breakdown of numbers in his bid as £2.5bn essentially for the purchase of the club and £1.75bn over the next 10 years as committed investment would then suggest that if the bid is lower than rival bids like Boehly's, perhaps they have plans for an even bigger commitment to investment into the club. I haven't seen anything yet that suggests the purchase will be much more than £2.5bn, this seems to be the expected figure, which can then only suggest the future investment plans may be more.

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Ratcliffe, however, has not given up trying to force his way into the sale, and is understood to be lobbying the government on the grounds that his is the only solely British bid.

 

pfffft, enough of the Little Englander bollocks

(and yes, full disclosure for newer people, I am, and likely will be for ages, bitter AF about Brexit, I think it ends in tears for the UK, with NI and Scotland eventually leaving, as would Wales, who was very much Remain except for all the English RW pensioner gammon who had moved in, who tilted it on balance to Leave)

 

 

 

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36 minutes ago, Vesper said:

Ratcliffe, however, has not given up trying to force his way into the sale, and is understood to be lobbying the government on the grounds that his is the only solely British bid.

 

pfffft, enough of the Little Englander bollocks

(and yes, full disclosure for newer people, I am, and likely will be for ages, bitter AF about Brexit, I think it ends in tears for the UK, with NI and Scotland eventually leaving, as would Wales, who was very much Remain except for all the English RW pensioner gammon who had moved in, who tilted it on balance to Leave)

It's difficult to play the British card for Ratcliffe when he took residency in Monaco a few years ago to save millions in paying UK taxes.

He can lobby all he wants but the government aren't going to block an American bid that is fully legal and legitimate and open up a can of worms that way.

Everything I've read suggests that this Boehly bid has been the strongest and most well thought from the start, and hopefully it can be cleared through as soon as possible with no hitches so we can just move forward as a club.

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50 minutes ago, Vesper said:

Ratcliffe, however, has not given up trying to force his way into the sale, and is understood to be lobbying the government on the grounds that his is the only solely British bid.

 

pfffft, enough of the Little Englander bollocks

(and yes, full disclosure for newer people, I am, and likely will be for ages, bitter AF about Brexit, I think it ends in tears for the UK, with NI and Scotland eventually leaving, as would Wales, who was very much Remain except for all the English RW pensioner gammon who had moved in, who tilted it on balance to Leave)

 

 

 

No way EU Or U.K.  will still be a thing in 100 years ,

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38 minutes ago, MoroccanBlue said:

Get in. Fuck off Three and your hypocritical bull shit. Wankers. 

 

🚨| EXCL: Todd Boehly will NOT look to resolve the suspended partnership with @ThreeUK as the clubs main sponsor, and will instead look to provide new and more profitable sponsors from the United States. 🔵 #CFC pic.twitter.com/bNVmU3VZJd

— Andreas Korssund (@kors_andreas) May 2, 2022

The logo was dirt shit to begin with.

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2 hours ago, Vesper said:

Ratcliffe, however, has not given up trying to force his way into the sale, and is understood to be lobbying the government on the grounds that his is the only solely British bid.

 

pfffft, enough of the Little Englander bollocks

(and yes, full disclosure for newer people, I am, and likely will be for ages, bitter AF about Brexit, I think it ends in tears for the UK, with NI and Scotland eventually leaving, as would Wales, who was very much Remain except for all the English RW pensioner gammon who had moved in, who tilted it on balance to Leave)

 

 

 

Maybe he should've gone by the rules as the others did and put his bid in time instead of acting like a clown now.

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