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While Roman Abramovich’s Chelsea empire crumbles around him, Newcastle’s Saudi revolution is just beginning
by Philippa Kaur 13 March 2022, 10:49
WHEN one Empire crumbles, a new rising power is usually on hand to muscle in and replace them.So as sanctions imposed on Russian billionaire owner Roman Abramovich turn ‘Chelski’ to dust, up in the North East ‘Geordie Arabia’ are on the march.
Chelsea are in crisis after the sanctions imposed on owner Roman AbramovichCredit: Reuters
Saudi Arabia’s Crown Prince Mohammad bin Salman is head of PIF, who own an 80 per cent stake in NewcastleCredit: AP
Newcastle’s Saudi revolution is now in full swing after a £305million takeover which saw the Public Investment Fund – whose chairman is Crown Prince Mohammad Bin Salman – buy 80 per cent of the club.
Bin Salman is worth £13billion and his family are believed to have a net worth of £1.3TRILLION.
Now Toon travel to Stamford Bridge on Sunday as the Premier League’s most in-form side.
Eddie Howe’s Mags have remarkably won seven of their last eight, putting any fears of becoming the richest club in Championship well behind them.
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svg{fill:rgba(0,0,0,1);}CHELSEA.css-1gojmfd{margin-bottom:16px;}.css-gmec1d{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;height:auto;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-align-content:center;-ms-flex-line-pack:center;align-content:center;-webkit-box-flex-wrap:nowrap;-webkit-flex-wrap:nowrap;-ms-flex-wrap:nowrap;flex-wrap:nowrap;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;margin-left:calc(-20px/2);margin-right:calc(-20px/2);}.css-fh9577{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;margin-left:calc(20px/2);margin-right:calc(20px/2);}.css-65fvqt{max-width:302px;max-height:294px;}.css-1exhbll{box-sizing:border-box;overflow:hidden;background-color:rgba(237,245,242,1);-webkit-text-decoration:none;text-decoration:none;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;max-width:302px;max-height:294px;}.css-bk55po{box-sizing:border-box;display:block;position:relative;margin-bottom:0;}.css-1shocxe{box-sizing:border-box;}.css-1a2irou{box-sizing:border-box;padding:0;}.css-1a2irou 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.nk-headline-heading{color:rgba(71,30,121,1);}.css-1uyse24:before{content:”;top:0;right:0;bottom:0;left:0;overflow:hidden;position:absolute;z-index:1;}.css-n392go{border-width:0 1px 1px 1px;border-style:solid;border-color:rgba(155,201,183,1);padding:12px;max-height:104px;min-height:98px;}.css-1p5s3t0{padding:0;border-width:0 1px 1px 1px;border-style:solid;border-color:rgba(155,201,183,1);padding:12px;max-height:104px;min-height:98px;}.css-124tga5{overflow:hidden;-webkit-line-clamp:3;-webkit-box-orient:vertical;display:-webkit-box;word-wrap:break-word;line-height:1;}.css-5jzxpx{overflow:hidden;-webkit-line-clamp:3;-webkit-box-orient:vertical;display:-webkit-box;word-wrap:break-word;line-height:1;}.css-i1acvs{margin:0;padding:0;color:rgba(34,99,73,1);text-transform:uppercase;-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-i1acvs:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}BLUES NEWS .css-8h3gc3{margin:0;padding:0;color:rgba(34,37,38,1);-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-8h3gc3:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}Abramovich BANNED as director, Lukaku ‘to take PAY CUT for Inter transfer’
With safety all but secured now, the top 10 all of a sudden looks achievable.
But as incredible as Newcastle’s run has been, they are yet to bloody the nose of one of the big boys and send out a real statement of intent across world football.
And with Chelsea in complete disarray off the pitch, this weekend provides the perfect opportunity to stick the boot in and send the message out loud and clear that the times are changing.
Under Thomas Tuchel’s calm leadership, the Blues still look good for a top-four spot and could yet even regain their Champions League crown.
Beyond that, uncertainty reigns on the King’s Road. Will they be able to buy anyone in the summer? Who is going to replace Abramovich? Will they pump in as much money as the oligarch? Will Tuchel still be there next season?
In stark contrast, Tyneside is awash with clarity. January’s £94million splurge was only the beginning, with the ruthlessly ambitious Saudi paymasters in a hurry to make Newcastle the world’s best.
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Any changing of the guard won’t happen overnight and if the post-Abramovich era at Chelsea is bankrolled to a similar tune as under the Russian – worth £10.3bn – all is not lost.
But if Newcastle continue on their sharp upwards trajectory, the days of this clash being third versus fourteenth are coming to an abrupt end.
The Toon Army will travel to Stamford Bridge en masse – as potentially the last set of away fans to do so for a while – and will no doubt revel in the Chelsea supporters’ misery.
New songs have sprung up in recent weeks about playing in Europe and winning the title.
Such suggestions were mocked only a few weeks ago when the Magpies were languishing in the bottom three.
But if they win on Sunday, any lingering ridicule is sure to be replaced by genuine fear of just what Newcastle could become. More
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‘Putin must be s****ing himself’ – Former Chelsea owner Ken Bates slams Government for causing fans ‘suffering’
by Philippa Kaur 13 March 2022, 09:49
FORMER Chelsea owner Ken Bates has slammed the Government sanctions imposed on his former club. While Bates agrees with the decision to freeze owner Roman Abramovich’s assets, due to his ties with Russian president Vladimir Putin, the former Blues chief is furious that fans and staff are also paying the price.
Bates has slammed the sanctions as they’re punishing fans and the staffCredit: GETTY
The sanctions imposed on Chelsea are not going to make Putin ‘s*** himself’, says Bates.
Fans outside of season ticket holders cannot attend home games as the club are banned from selling match tickets.
Loyal Chelsea supporters also cannot buy merchandise through the club, and the club shop at Stamford Bridge has been closed as a result.
Blues fans are set to see loyal servants such as club captain Cesar Azpilicueta, Antonio Rudiger and academy graduate Andreas Christensen leave the club for FREE as Chelsea are unable to agree new contracts.
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Instead, Bates wants the Government to do something ‘meaningful’.
Speaking from his home in Monte Carlo, Bates said: “The fact that you can’t buy a Chelsea match programme must mean that Putin is s****ing himself and all the ordinary people of Moscow are hiding in their cellars because they can’t see a Chelsea match on TV.
“As usual it is the ordinary people who are suffering. You’ve probably got people working at Chelsea saying do they have a job?
“What is their future? Do they have security? And fans at Chelsea.
“What have they got to do with Putin bombing maternity hospitals in Ukraine?
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“That is hurting ordinary, English citizens. Makes no difference at all to Russia.”
The Premier League have banned Abramovich from owning Chelsea as a director.
Abramovich will no longer be permitted to have ANY involvement in the running of the club.
‘Ordinary people’ are paying the price, says BatesCredit: GETTY
Abramovich was banned from being the club’s director by the Premier LeagueCredit: GETTY
The stunning development was announced in a Premier League statement issued at lunchtime.
A Prem spokesperson said: “Following the imposition of sanctions by the UK Government, the Premier League Board has disqualified Roman Abramovich as a Director of Chelsea Football Club.
“The Board’s decision does not impact on the club’s ability to train and play its fixtures, as set out under the terms of a licence issued by the Government which expires on 31 May 2022.”
The latest news means Abramovich MUST sell Chelsea immediately.
The club are haemorrhaging cash after they were banned from selling tickets and merchandise.
Telecom giants Three also pulled out of their £40million-a-year deal.
The European giants have an eye watering £28million-a-month wage bill and reportedly has just over two weeks to find a new buyer or go into administration. More
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Roman Abramovich BANNED as Chelsea director, Blues financial crisis eased, Lukaku ‘to take PAY CUT for Inter transfer’
by Philippa Kaur 12 March 2022, 22:00
CHELSEA will be allowed to finish the season whether they are sold or not.And it has been reported that Roman Abramovich has given the green light to a sale of Chelsea with bids to be taken next week.
This is despite the Russian not being able to earn a penny from any sale due to sanctions.
In his press conference, boss Thomas Tuchel admitted that many players and staff were worried about their futures.
One of those players may be Romelu Lukaku, who is reportedly ready to take a pay cut to rejoin Inter Milan.
But there has been some good news for Chelsea fans as Nike are reportedly set to stand-by their kit deal with the club.
That sets them apart from Hyundai, who have pulled out.
Shirt sponsor Three have also suspended their deal with the Blues, asking for their logo not to appear on shirts for the foreseeable future.
Meanwhile the Blues may be allowed to continue selling tickets to non-season ticket holders and away fans if they donate the profits from the sales to victims of the war in Ukraine.
Billionaire Abramovich is said to have had over 300 parties express their interest in buying the Blues.
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Chelsea lifeline
Chelsea have been handed a £110million cash lifeline — to ensure they can finish the season.
The Government’s decision to ease their financial stranglehold on the Blues came as sanction-hit Russian owner Roman Abramovich was banned by the Premier League.
World and European club champions Chelsea were in danger of plunging into administration after the Government’s stringent licence limited funds to meet their £28m monthly wage bill and all other outgoings.
But MPs yesterday revealed that two days of negotiations with club chiefs had resulted in a revised licence which will now allow the Blues to access previously FROZEN television and prize money.
Chelsea are permitted to use all the potential £35m in TV income from the Prem and Uefa until the end of the season plus all prize money they are due from domestic and European competitions.
They are set to pocket £39m from the Prem if they stay in third place — and up to £36m if they retain their Champions League crown.
Blues owe huge transfer money
Chelsea still owe Inter Milan up to £71m for Romelu Lukaku.
That is on top of the £100m or so the Blues were due to pay out over the course of this season in instalments on previous transfers.
But Chelsea’s canny business in the player trading market means they were also in line to receive £167m from other clubs during 2021-22, according to the last accounts of Roman Abramovich’s holding company.
Chelsea declined to comment on the details of the Lukaku deal.
Some information is available, however, because Inter made it public when they refinanced their massive debts earlier this year.
Publicly-issued documents show that Inter are due to receive the full £95m fee for the August 2021 transfer later this year – but not directly from Chelsea.
Abramovich dating actress
Tycoon Roman Abramovich has been romantically linked to a stunning 25-year-old actress — who has Ukrainian family roots.
The sanctioned oligarch is secretly seeing Alexandra Korendyuk, an entrepreneur and TV star who appeared in Russian show You’re All P***ing Me Off, it is claimed.
Chelsea FC owner Abramovich, 55 — who was yesterday formally disqualified as a director of the club by the Premier League — was linked to Ms Korendyuk by Russian gossip columnist Bozhena Rynska.
The same journalist first revealed that dad-of-seven Abramovich was due to wed his third wife, Dasha Zhukova — who he was married to from 2008 to 2018.
Blues plea to government
Chelsea have submitted a number of requests to the government to lift some of the sanctions placed on the club this week.
Owner Roman Abramovich had his assets frozen on Thursday, preventing Chelsea from conducting business activity.
One of Chelsea’s biggest concerns with the sanctions is the fact it bans them from conducting transfer-related activity, including the renewal of players’ contracts.
Chelsea were given a special license to continue playing but the club want changes made to it, according to The Telegraph.
A key amendment is to allow contracts to be renewed with the likes of Antonio Rudiger, Cesar Azpilicueta and Andreas Christensen entering the final few months of their deals.
Howe issues Chelsea caution
Chelsea face off against Newcastle on Sunday, with reports they are the brink of administration and face an uncertain future.
With the UK government placing sanctions on owner Roman Abramovich, the club has been left in turmoil.
But Toon boss Eddie Howe doesn’t believe that will distract the Blues on the pitch.
“I don’t think it will have any bearing on Chelsea and how they play,” Howe said.
“We can’t change our preparation in any way. I’ll be watching Chelsea historically and trying to build a game plan to try to go there and win.
“I don’t expect anything on the pitch to be any different.”
Keeping Saul
Chelsea will do everything in their power to keep on-loan midfielder Saul Niguez, according to reports, if UK government sanctions allow them.
The Atletico Madrid midfielder has started to turn the corner at Stamford Bridge after a disastrous start to life at Stamford Bridge.
And now it’s believed the Blues want to keep hold of the Spaniard, with Thomas Tuchel recently admitting he had turned things around in England.
He said: “I think he will be an important player for us and I hope so as well. He has showed what he can do with his abilities.
“I see more confidence in him with each game, he is in good shape and his adaptation to the way we play has gone further from before.
“You can see this in his game now. He is more open, he understands the language better now and these are all important things to consider when talking about Saul and how much he has improved recently.
“He is having much more impact on games than he was doing at the beginning of the season and this is very important.”
Werner might leave, says Merson
Timo Werner could be sacrificed amidst Chelsea’s financial woes, according to Arsenal legend Paul Merson.
Merson told Sportskeeda: “Chelsea are in a bit of a situation at the moment. Rudiger’s gone anyway – you don’t refuse to sign a contract and lose eighty grand a week for nothing.
“When players don’t sign contracts, you can take it for granted that they’ll leave more often than not.
“Where can you take Chelsea from here? They’re the champions of Europe and they’ve won everything.
“Whoever buys Chelsea at this point will probably just lose money. They’ll have to start selling players – if they can get their money back for Timo Werner, they’ll probably sell him too.”
Chelsea fan’s disappointment
A 70-year-old Chelsea fan is walking away from the club after 62 YEARS of support over the Roman Abramovich ownership crisis.
Pat, who was born around the corner from Stamford Bridge, has instead chosen to get behind League Two Sutton United.
peaking through tears, Pat told talkSPORT: “I’ve been a Chelsea fan for 62 years, I started supporting Chelsea in the 50s and I’m absolutely…
“Listen, what some Chelsea fans have been doing is unforgivable. We’ve got to stand up and be counted but I’ve now, myself and my twin brother, we’ve walked away from Chelsea.
“This is true, he went out yesterday and he bought two shirts for Sutton United.
“He phoned me up and said, ‘I’ve got two shirts here’, and asked them who they were for and he said ‘Sutton United. We can’t carry on supporting Chelsea”.
Luky escape
Romelu Lukaku is prepared to take a wage cut to leave Chelsea and return to Inter Milan, according to reports.
Gazzetta dello Sport claim that the Belgium star is willing to leave the Blues, where he is paid £10.5million-per-year, for what the Serie A giants previously paid him – £7.5million.
However, the move rests on three factors.
A sale of the club needs to go through, a loan offer has to be accepted and the striker has to lower his wage demands.
Hyundai suspends Chelsea sponsorship
Hyundai have become the latest sponsor to pull out of their Chelsea deal.
The Blues are in crisis mode after owner Roman Abramovich was hit with sanctions from the UK government, which have plunged the club into financial uncertainty.
Now their sleeve sponsors have suspended ‘marketing and communications activities’ with the west Londoners, according to the Daily Mail.
Next season would have been the final year of their £50million deal, which has seen Abramovich’s club make £10m per season.
Hyundai released the following statement: “In the current circumstances, we have taken the decision to suspend our marketing and communication activities with the Club until further notice.”
Goldstein part of Boehly/Wyss consortium
Jonathan Goldstein has joined Todd Boehly and Hansjorg Wyss in their bid to buy Chelsea, according to reports.
Boehly – who is a part-owner of the LA Lakers and LA Dodgers – announced his interest in buying the Blues along with Swiss billionaire Wyss last week.
And Goldstein, who has worked with Boehly for eight years, will now support the bid, according to Sky News.
The London-based property developer is co-founder and CEO of Cain International, which has assets worth £8.2billion.
His personal wealth is not known.
Goldstein is said to be a Tottenham fan and tried to buy Spurs in 2014 through Cain.
U18’s doing the club proud
It’s not all doom and gloom at Chelsea.
After all, their talented U18s have reached the final of the Premier League Cup.
The Blues youth side defeated Stoke City 5-1 – with Eton College genius Tudor Mendel-Idowu netting twice.
Our Under-18s have reached the final of the Premier League Cup. 👏— Chelsea FC (@ChelseaFC) March 12, 2022
Graffiti removal at Stamford Bridge
Workers are painting over graffiti outside Stamford Bridge after walls were defaced by angry fans.
NINTCHDBPICT000718239534Credit: Reuters
The writing read: “Europe is funding the war – not CFC.”
It comes after Chelsea owner Roman Abramovich was sanctioned by the UK government, freezing his assets – including Chelsea.
Abramovich had his assets frozen due to Russia’s invasion of neighbouring Ukraine and his ties to President Vladimir Putin.
As a result of the sanctions, Chelsea cannot sell home or away match tickets.
Chelsea also cannot buy or sell players, and they cannot renew players’ contracts – running the risk of losing three key centre backs.
Who is Muhsin Bayrak?
Muhsin Bayrak, 50, is a Turkish billionaire who made his money as Chairman of own company AB Group Holding, which has invested in tourism, cryptocurrency and construction.
There are suggestions that Roman Abramovich may have travelled to Turkey last week – before sanctions were laid – in order to discuss details of the sale to the tycoon.
Bayrak, worth a reported £8bn, has also vowed to ‘fly the Turkish flag in London soon’.
Who is Todd Boehly?
Todd Boehly is the current chairman and CEO of Eldridge Industries – a private investment firm based on the East Coast.
Boehly is part-owner of both the LA Lakers and LA Dodgers and is just one of several interested parties in Chelsea.
The philanthropist will be ready for the fight to win a bidding war, having been part of his school wrestling team which won state tournament titles in 1990 and 1991.
Who is Jamie Reuben?
Jamie Ruben, 34, is worth a casual £12billion and is one of the potential buyers after Chelsea.
His dad and uncle bought a ten per cent stake in Newcastle United last year and he was added to the board of directors.
But Jamie Reuben is a Chelsea fan and would relish the chance to take ownership.
There would be a number of complications due to his mega-rich family’s interest and control at St James’ Park.
Reuben Jr is pals with Boris Johnson, Kim Kardashian, Paris Hilton and Jamie Redknapp and owns a swanky £65million yacht.
Blues fear mass exodus, warns Ferdinand
Rio Ferdinand fears Chelsea’s current chaos could lead to a host of players departing.
Speaking prior to Liverpool’s 2-0 win away at Brighton, the BT Sport pundit claimed that the situation is causing ‘anxiety and fear’.
He said: “If you take it back to the players, that uncertainty leads to anxiety and fear and not knowing is always the worst case scenario and that’s where these players sit.
“There will be players sitting there who are coming out of contracts going ‘there’s no way I’m staying’.
“That could be a driver for a mass exodus of players who are saying we are potentially losing our best players, we could’ve re-signed.
“There are so many questions and moving parts it makes it difficult to really want to commit to a situation like that.”
Sanction changes by DCMS
The new terms will allow the club to utilise payments due from broadcasting companies and any prize money earned to meet its outgoings.
That should see the £28m monthly wage bill covered for the final three months of the campaign.
As reported earlier, the ‘reasonable costs’ section has been amended, allowing them to spend up to £900k to host games at Stamford Bridge.
They are still limited to £20k travel to and from fixtures, which could be extremely difficult for foreign trips.
For now, though, the ban on the club selling seats in addition to the season tickets already sold has not been lifted, although that is also likely to be the subject of further discussion.
Chelsea anticipate 44,000 full houses for both tomorrow’s game with Newcastle and the match against Brentford on April 2, which were both sold out before Thursday’s bombshell.
The government ease sanction limits
The Government has eased the terms of Chelsea’s ‘special licence’ to do business, allowing the club to finish the season.
The Department for Digital, Culture, Media and Sport have held a meeting with the club today.
A DCMS spokesman said: “We have said all along that we would engage with Chelsea to understand what is needed to allow upcoming games to be played to minimise the impact on the Leagues, football pyramid and fans.
“Following extensive engagement with the club on the details of their structures since the sanction was announced, we have made some further operational amendments to the licence to do so.”
Blues bring down Trustpilot
Consumer review website Trustpilot have had to suspend additions for Three UK after it was bombarded by angry Chelsea fans.
As Abramovich was handed severe sanctions by the UK government following Russia’s invasion of Ukraine, the telecommunications giant suspended its £120million shirt sponsorship deal with the West Londoners.
This promoted hundreds of mischievous Blues supporters to post negative comments on the popular consumer review website – in an attempt to scare off future customers.
One person fumed: “Awful company, they try to leave as soon as anything goes bad.”
Another moaned: “No loyalty whatsoever – definitely a brand to miss.”
As the rating of Three UK bombed spectacularly to “87 per cent bad”, the long-standing Danish website decided to halt any new reviews.
More on Abramovich being removed from board
Roman Abramovich has been banned from being director of Chelsea by the Premier League.
Under Prem rules, the disqualification would normally trigger the sale of the named individual’s shareholding “within 28 days”.
But Abramovich has already announced his intention to sell his appointed agents, the US-based Raine Group, having told potential buyers the sale is back on and that they have a deadline of Friday to register their interest.
The Prem will let the process play out without imposing the deadline limit in its regulations.
Abramovich initially wanted upwards of £3bn for his stake in the club he had run since 2003.
But now the sanctions mean Abramovich cannot get his hands on any of the cash and is effectively and unquestionably a “distressed seller”, likely to force the final asking price down even if there is a bidding war.
The latest news means Abramovich must sell Chelsea immediately.
Lukaku and Werner being watched by Barca
Romelu Lukaku and Timo Werner have emerged as shock Barcelona targets, with crisis-club Chelsea potentially forced to sell key players.
With the club at risk of plunging into a financial black hole, they may have to let some of their top earners go.
Lukaku is the highest-paid Chelsea player with his £325k-a-week deal while the German ex-RB Leipzig star is fourth on £270k – behind Kai Havertz and N’Golo Kante.
According to Mundo Deportivo, Barcelona could look to try and pounce.
Cut-price deals for Lukaku and Werner could be on the cards.
The pair arrived for a combined £145.5million – including a club-record £97.5m to bring the Belgian back to Stamford Bridge.
Change to ‘hosting’ costs at Stamford Bridge
James Robson of the Evening Standard has reported the change in Chelsea’s ‘special licence’ after an appeal.
The ‘reasonable costs’ section appears to have been amended, allowing them to spend up to £900k to host games at Stamford Bridge.
They are still limited to £20k travel to and from fixtures, which could be extremely difficult for foreign trips.
Rangnick comments on the Chelsea
Boss Ralf Rangnick comments on the invasion of Ukraine and the sanctions placed on Chelsea after Roman Abramovich has been banned from being a director.
He said: “Everybody shares the same opinion, that it’s a tragedy what’s happening over there.
“I hope they can find a peaceful solution.
“With all the measures taken politically, it affects the football business and it seems to be logical to me.
“I don’t have enough inside information to speak about Chelsea.
“For me, it’s just a human tragedy, and I hope – in the next days or weeks – they can find a peaceful solution.”
I hope they can find a peaceful solutionRalf Rangnick
Abramovich no longer director of Chelsea
Roman Abramovich has been BANNED from being a director of Chelsea.
And that means he MUST sell the club immediately.
The stunning development was announced in a Premier League statement issued at lunchtime.
A Prem spokesman said: “Following the imposition of sanctions by the UK Government, the Premier League Board has disqualified Roman Abramovich as a Director of Chelsea Football Club.
“The Board’s decision does not impact on the club’s ability to train and play its fixtures, as set out under the terms of a licence issued by the Government which expires on 31 May 2022.”
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Chelsea given £110m Government lifeline to ensure they finish Premier League season after Roman Abramovich sanctioned
by Philippa Kaur 12 March 2022, 21:15
CHELSEA have been handed a £110million cash lifeline — to ensure they can finish the season.The Government’s decision to ease their financial stranglehold on the Blues came as sanction-hit Russian owner Roman Abramovich was BANNED by the Premier League.
Chelsea’s short-term financial stability now seems to have been assured after the Government let the club get TV and prize moneyCredit: Getty
The Premier League have banned Chelsea owner Roman Abramovich as a director after the Government froze his assets due to links with Vladimir PutinCredit: Reuters
World and European club champions Chelsea were in danger of plunging into administration after the Government’s stringent licence limited funds to meet their £28m monthly wage bill and all other outgoings.
But MPs yesterday revealed that two days of negotiations with club chiefs had resulted in a revised licence which will now allow the Blues to access previously FROZEN television and prize money.
Chelsea are permitted to use all the potential £35m in TV income from the Prem and Uefa until the end of the season PLUS all prize money they are due from domestic and European competitions.
They are set to pocket £39m from the Prem if they stay in third place — and up to £36m if they retain their Champions League crown.
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That adds up to a potential £110m, effectively confirming they will not slide into the red and risk defaulting on payments that could see administration and a nine-point deduction.
Department for Digital, Culture, Media & Sport officials have also lifted the £500,000 cap on matchday outlay to £900,000 per game.
And while the limit of £20,000 on away travel expenses remains, the Government is set to increase it if Chelsea convert their 2-0 first-leg advantage over Lille in the last 16 of the Champions League into quarter-final progression on Wednesday.
A DCMS spokesperson said: “We have said we would engage with Chelsea to understand what is needed to allow games to be played to minimise impact on the leagues and fans.
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“Following extensive engagement with the club, we have made further operational amendments to the licence to do so.”
Chelsea have also been given dispensation to meet its academy expenses, pension provisions of current and former employees and other day-to-day outgoings.
The club anticipates full houses of 41,000 for both Sunday’s game with Newcastle and against Brentford on April 2, as both were sold out before Thursday’s bombshell.
But Chelsea’s pleas to be allowed to sell tickets for future matches this season have fallen on deaf ears so far.
Yesterday’s Prem decision to ban Abramovich from being a director of Chelsea — two days after he was placed on the UK sanctions list — means the Russian billionaire MUST now sell his stake in the club.
But Prem bosses will not enforce the 28-day disposal deadline because the Government is now effectively in charge of any Stamford Bridge sale.
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Announcing the order which banished Abramovich, a Prem spokesperson said: “The decision does not impact on the club’s ability to train and play its fixtures.”
Abramovich has told potential buyers they have a deadline of Friday to register their interest.
It will require a further Government licence to let a sale go ahead — that will be granted once a deal that prevents a single penny of the price going into Abramovich’s pocket is confirmed.
Abramovich initially wanted upwards of £3bn but sanctions are likely to force the price down. More
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Chelsea beg Government to lift transfer and contract ban over fears of defensive crisis with FIVE players leaving
by Philippa Kaur 12 March 2022, 20:18
CHELSEA have submitted a number of requests to the Government to lift some of the sanctions placed on the club this week.Owner Roman Abramovich had his assets frozen on Thursday, preventing the Blues from conducting business activity.
Chelsea fear losing Antonio Rudiger, Cesar Azpilicueta and Andreas Christensen for nothingCredit: Andy Hooper-The Daily Mail
The Chelsea club shop is not allowed to sell merchandise under the sanctionsCredit: AFP
One of Chelsea’s biggest concerns with the sanctions is the fact it bans them from conducting transfer-related activity – including the renewal of players’ contracts.
Chelsea were given a special license to continue playing but the club want changes made to it, according to The Telegraph.
A key amendment is to allow contracts to be renewed with the likes of Antonio Rudiger, Cesar Azpilicueta and Andreas Christensen entering the final few months of their deals.
The Blues fear losing the defensive trio with Manchester United eyeing Ruidger and Barcelona interested in both Azpilicueta and Christensen.
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The transfer ban also means Chelsea would be unable to make Saul’s loan permanent if they wish, while Charly Musonda will also have to be let go when his contract expires at the end of the season.
And Chelsea’s requests do not stop there with the club reportedly aiming to make changes to the license which would allow them to operate as normal.
They want the ban on selling tickets lifted to cover costs in what is a loss-making business – the restrictions on merchandise sales will also have a negative impact.
However, a Whitehall source has dismissed such appeals, and was quoted as saying: “They’ve got to live in the real world. People are getting bombed and losing their lives in another country.”
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But the government did at least allow Chelsea to raise their matchday spending from £500,000 to £900,000 to ensure the club would not lose millions by fulfilling fixtures.
Chelsea will also have access to prize money and TV money which can be put towards paying the wage bill, believed to be in the region of £28million a month.
Away travel costs are still capped at £20,000 although this figure can be raised for Champions League fixtures on the continent should Thomas Tuchel’s side get past Lille.
Chelsea’s contract worry could be solved if Abramovich sells the club before the summer.
And there is no shortage of interest with reports on Saturday revealing property investor Jonathan Goldstein has joined a consortium consisting of Todd Boehley and Hansjorg Wyss.
A Saudi Arabian group is also interested while Turkish businessman Muhsin Bayrak has revealed he is in talks about a potential takeover. More
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Romelu Lukaku ‘is willing to slash his £325k-a-week Chelsea wages to seal Inter Milan transfer return’
by Philippa Kaur 12 March 2022, 17:00
CHELSEA striker Romelu Lukaku is reportedly willing to take a pay cut in order to return to Inter Milan amid the club’s current chaos.The Blues could be forced into selling their key players in the summer following the crippling sanctions imposed on them by the government.
Romelu Lukaku has been linked with a move away from Chelsea to re-join Inter MilanCredit: PA
Club owner Roman Abramovich has been banned as a director by the Premier League and has been sanctioned by the UK government due to his ties with Vladimir Putin following Russia’s invasion of Ukraine.
As a result, the 55-year-old oligarch MUST sell the West London club immediately.
There have even been calls for Abramovich to give Chelsea away for free after the club had their credit cards frozen on Friday.
One of those players to potentially make way at the end of the season is Lukaku, who is claimed to be on Barcelona’s radar along with Timo Werner.
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stories.css-1gojmfd{margin-bottom:16px;}.css-gmec1d{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;height:auto;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-align-content:center;-ms-flex-line-pack:center;align-content:center;-webkit-box-flex-wrap:nowrap;-webkit-flex-wrap:nowrap;-ms-flex-wrap:nowrap;flex-wrap:nowrap;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;margin-left:calc(-20px/2);margin-right:calc(-20px/2);}.css-fh9577{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;margin-left:calc(20px/2);margin-right:calc(20px/2);}.css-65fvqt{max-width:302px;max-height:294px;}.css-1exhbll{box-sizing:border-box;overflow:hidden;background-color:rgba(237,245,242,1);-webkit-text-decoration:none;text-decoration:none;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;max-width:302px;max-height:294px;}.css-bk55po{box-sizing:border-box;display:block;position:relative;margin-bottom:0;}.css-1shocxe{box-sizing:border-box;}.css-1a2irou{box-sizing:border-box;padding:0;}.css-1a2irou 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.nk-headline-heading{color:rgba(71,30,121,1);}.css-1uyse24:before{content:”;top:0;right:0;bottom:0;left:0;overflow:hidden;position:absolute;z-index:1;}.css-n392go{border-width:0 1px 1px 1px;border-style:solid;border-color:rgba(155,201,183,1);padding:12px;max-height:104px;min-height:98px;}.css-1p5s3t0{padding:0;border-width:0 1px 1px 1px;border-style:solid;border-color:rgba(155,201,183,1);padding:12px;max-height:104px;min-height:98px;}.css-124tga5{overflow:hidden;-webkit-line-clamp:3;-webkit-box-orient:vertical;display:-webkit-box;word-wrap:break-word;line-height:1;}.css-5jzxpx{overflow:hidden;-webkit-line-clamp:3;-webkit-box-orient:vertical;display:-webkit-box;word-wrap:break-word;line-height:1;}.css-i1acvs{margin:0;padding:0;color:rgba(34,99,73,1);text-transform:uppercase;-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-i1acvs:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}TIME TO SLEEVE .css-8h3gc3{margin:0;padding:0;color:rgba(34,37,38,1);-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-8h3gc3:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}Chelsea sleeve sponsors Hyundai SUSPEND £50m deal with crisis club
Lukaku only signed for the Champions League holders last summer in a club-record £97.5million deal.
Just a few months after his switch to Stamford Bridge he announced his intentions to return to the San Siro to play for the Nerrazzuri again.
And Lukaku, who has scored just five Premier League goals in 18 games this term, could get his wish.
According to Italian newspaper Gazzetta Dello Sport, the Belgium international is said to be willing to to take a pay cut from his £325,000-a-week wages to link up with Inter.
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They state that his desire to sign for the Serie A giants has been strengthened following recent events at Chelsea.
Though they add that this would only be a loan move back to Inter.
His departure is reportedly dependant on whether Abramovich sells the club or not and if director Marina Granovskaia departs.
Chelsea boss Thomas Tuchel recently declared how the player is not happy with his role in the side.
Lukaku has found himself in and out of the starting XI with Kai Havertz often preferred to lead the line. More
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Chelsea sleeve sponsors Hyundai SUSPEND £50m deal with crisis club as they follow Three in pulling out
by Philippa Kaur 12 March 2022, 15:48
HYUNDAI have become the latest sponsor to pull out of their Chelsea deal.The Blues are in crisis mode after owner Roman Abramovich was hit with sanctions from the UK government, which have plunged the club into financial uncertainty.
Hyundai have suspended their ongoing sponsor relationship with ChelseaCredit: Getty
Now their sleeve sponsors have suspended ‘marketing and communications activities’ with the west Londoners.
Next season would have been the final year of their £50million deal, which has seen Abramovich’s club make £10m per season.
Hyundai released the following statement: “In the current circumstances, we have taken the decision to suspend our marketing and communication activities with the Club until further notice.”
They joined Chelsea’s shirt sponsor Three who also suspended their arrangement with the club and asked for their name to be removed from the team’s kit as well as stadium until further notice.
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Fellow sponsor Zapp have also paused their activities with the Blues for the time being.
Τhis comes after Abramovich was banned from being director of Chelsea by the Premier League.
Normally under Prem rules, the disqualification would trigger the sale of the named individual’s shareholding “within 28 days”.
But the Russian oligarch has already announced his intention to sell the club, something that has to be done immediately.
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His appointed agents, the Ney York-based Raine Group, told potential buyers the sale is back on and that they have a deadline of Friday to register their interest.
Abramovich initially wanted upwards of £3billion but now the sanctions mean he cannot get his hands on any of the cash and that will likely force the final asking price down even if there is a bidding war. More
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Workers paint over graffiti outside Stamford Bridge after fuming Chelsea fans deface hoardings
by Philippa Kaur 12 March 2022, 14:40
WORKERS are painting over graffiti outside Stamford Bridge after walls were defaced by angry fans.The writing read: “Europe is funding the war – not CFC.”
Graffiti outside Stamford Bridge read: ‘Europe is funding the war – not CFC’Credit: REUTERS
A worker painted over the red writingCredit: REUTERS
Chelsea are banned from selling home and away match ticketsCredit: REUTERS
The club shop at the ground was also forced to close due to the ban on selling merchandiseCredit: REUTERS
It comes after Chelsea owner Roman Abramovich was sanctioned by the UK government, freezing his assets – including Chelsea.
Abramovich had his assets frozen due to Russia’s invasion of neighbouring Ukraine and his ties to President Vladimir Putin.
As a result of the sanctions, Chelsea cannot sell home or away match tickets.
Chelsea also cannot buy or sell players, and they cannot renew players’ contracts – running the risk of losing three key centre-backs.
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Chelsea.css-1gojmfd{margin-bottom:16px;}.css-gmec1d{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;height:auto;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-align-content:center;-ms-flex-line-pack:center;align-content:center;-webkit-box-flex-wrap:nowrap;-webkit-flex-wrap:nowrap;-ms-flex-wrap:nowrap;flex-wrap:nowrap;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;margin-left:calc(-20px/2);margin-right:calc(-20px/2);}.css-fh9577{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;margin-left:calc(20px/2);margin-right:calc(20px/2);}.css-65fvqt{max-width:302px;max-height:294px;}.css-1exhbll{box-sizing:border-box;overflow:hidden;background-color:rgba(237,245,242,1);-webkit-text-decoration:none;text-decoration:none;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;max-width:302px;max-height:294px;}.css-bk55po{box-sizing:border-box;display:block;position:relative;margin-bottom:0;}.css-1shocxe{box-sizing:border-box;}.css-1a2irou{box-sizing:border-box;padding:0;}.css-1a2irou a:not(.nk-card-link){z-index:2;position:relative;}.css-1uyse24{-webkit-text-decoration:none;text-decoration:none;border:none;}.css-1uyse24 .nk-headline-kicker{color:rgba(0,114,238,1);}.css-1uyse24:hover:not(:disabled) .nk-headline-kicker{color:rgba(0,86,180,1);-webkit-text-decoration:underline;text-decoration:underline;}.css-1uyse24:active:not(:disabled) .nk-headline-kicker{color:rgba(0,62,129,1);-webkit-text-decoration:underline;text-decoration:underline;}.css-1uyse24:visited:not(:disabled) .nk-headline-kicker{color:rgba(71,30,121,1);}.css-1uyse24 .nk-headline-heading{color:rgba(34,37,38,1);}.css-1uyse24:hover:not(:disabled) .nk-headline-heading{color:rgba(0,86,180,1);-webkit-text-decoration:underline;text-decoration:underline;}.css-1uyse24:active:not(:disabled) .nk-headline-heading{color:rgba(0,62,129,1);-webkit-text-decoration:underline;text-decoration:underline;}.css-1uyse24:visited:not(:disabled) .nk-headline-heading{color:rgba(71,30,121,1);}.css-1uyse24:before{content:”;top:0;right:0;bottom:0;left:0;overflow:hidden;position:absolute;z-index:1;}.css-n392go{border-width:0 1px 1px 1px;border-style:solid;border-color:rgba(155,201,183,1);padding:12px;max-height:104px;min-height:98px;}.css-1p5s3t0{padding:0;border-width:0 1px 1px 1px;border-style:solid;border-color:rgba(155,201,183,1);padding:12px;max-height:104px;min-height:98px;}.css-124tga5{overflow:hidden;-webkit-line-clamp:3;-webkit-box-orient:vertical;display:-webkit-box;word-wrap:break-word;line-height:1;}.css-5jzxpx{overflow:hidden;-webkit-line-clamp:3;-webkit-box-orient:vertical;display:-webkit-box;word-wrap:break-word;line-height:1;}.css-i1acvs{margin:0;padding:0;color:rgba(34,99,73,1);text-transform:uppercase;-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-i1acvs:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}FROZEN OUT .css-8h3gc3{margin:0;padding:0;color:rgba(34,37,38,1);-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-8h3gc3:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}Roman Abramovich BANNED from owning Chelsea and must sell club immediately
The club are also banned from selling merchandise, forcing the club shop at Stamford Bridge to close.
In the meantime, Chelsea have been granted a licence to continue operating, fulfilling their scheduled fixtures.
The football-related activities Chelsea can fulfil also includes paying staff and the running costs of the ground.
It has also been announced that Abramovich BANNED from being director of Chelsea by the Premier League.
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A Prem spokesperson said: “Following the imposition of sanctions by the UK Government, the Premier League Board has disqualified Roman Abramovich as a Director of Chelsea Football Club.
“The Board’s decision does not impact on the club’s ability to train and play its fixtures, as set out under the terms of a licence issued by the Government which expires on 31 May 2022.”
Under Prem rules, the disqualification would normally trigger the sale of the named individual’s shareholding ‘within 28 day.’
But Abramovich has already announced his intention to sell his appointed agents, the US-based Raine Group, having told potential buyers the sale is back on and that they have a deadline of Friday to register their interest. More

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