CheLOLsea

[Stranded]

This article seems to nicely sum up the situation Chelsea are in as of today:

https://www.football365.com/news/ten-co ... sanctioned

In short, they can still pay wages. Money from TV/prize money made available but frozen. Caps on spending to host home games and on away travel.

Transfer fee instalments must still be paid and clubs must still pay Chelsea but that money will also be frozen.

No ticket sales/no merch sales.

[leon]

Whilst I have my fingers crossed that this will fcuk up Chelsea for years to come, I'm not holding my breath.

[Stranded]

Whilst I have my fingers crossed that this will fcuk up Chelsea for years to come, I'm not holding my breath.

By hook or my crook, they'll be owned by another billionaire by the end of the season.

[paultheroyal]

This article seems to nicely sum up the situation Chelsea are in as of today:

https://www.football365.com/news/ten-co ... sanctioned

In short, they can still pay wages. Money from TV/prize money made available but frozen. Caps on spending to host home games and on away travel.

Transfer fee instalments must still be paid and clubs must still pay Chelsea but that money will also be frozen.

No ticket sales/no merch sales.

They will have to slum it now and travel by coach!!

[Brogue]

Wonder if we will see players wanting to walk away from their contracts and asking for mutual terminations.

[Mr Angry]

Anyone who noticed Russian oligarch's boats being seized last week in the news, and following the news that the government passed new laws on Monday that were going to be implemented by the end of the week to seize Abramovich's assets shouldnt be too shocked.

I'm mostly shocked at how stringent the terms of the seize are. It will put chelsea out of business within one season, because other than Sky money next season, they have no cashflow coming in. And cash is king. Unless the sky money for next season is more than chelsea's wage bill they will run out of cash next season.

I assume that the Government will allow the sale to happen, ensuring that RA makes no money on it; thats the only way the club - literally - can survive now.

If this isn't resolved within 3/4 months, there won't be much of a club left.

I don't want to see any club go under, but make no mistke, this is an existential threat to Chelsea FC here and now.

The tricky thing is, who can sell the club? Roman can't. And i dont think the Government will want to, they have frozen the asset, not taken ownership of it.

Although i'm unclear on who owns it now. If the government own it they could sell it to someone else, if they dont own it, and Roman does, then it cant be sold and you would be correct in saying Chelsea's existence to carry on as a going concerns seems in doubt. Hopefully Reading don't get relegated as a result of Chelsea's demise. Maybe PL only relegate 2 teams, and therefore Championship only relegate 2 teams and so on....

They have already been given a special licence by the Government to be able carry on playing football; it is likely that the Government will amend the special licence so that the club can then be sold, with proceeds going into an account which will immediately be frozen and so inaccessible by RA.

To not allow that will see the club fold, and the DCMS will not want that to happen.

[PATRIQT]

Season ticket holders can still attend games, but non season ticket holders can't - Stephen Taylor, Sports Lawyer on SSN

Away fans cannot attend games at Stamford Bridge either.

Confirmation club cannot be sold, unless there's an amendment to the freezing order.

[Silver Fox]

I've not watched the lawyers talking but surely any tickets already sold are valid? Including away tickets for Sunday v Newcastle?

[PATRIQT]

I've not watched the lawyers talking but surely any tickets already sold are valid? Including away tickets for Sunday v Newcastle?

I'd expect so, as the tickets are paid for and the transaction has to be honoured. I think he was alluding to games where tickets have not yet been purchased.

[Loafer]

surely they should get a points deduction and removed from the fa cup?

[Stranded]

I've not watched the lawyers talking but surely any tickets already sold are valid? Including away tickets for Sunday v Newcastle?

Yes they are. Anything sold to date is valid including tickets - just a ban on sales from today.

Chelsea merchandise will still be available at non-club shops for example if the shop has already paid for the order, and new stock can be delivered if also already paid for. No new orders will be allowed.

The UKG have also confirmed that the club cannot be sold without an agreed change to the licence the club has been given and Chelsea have to apply for it. RA cannot receive a penny from any sale.

[Sanguine]

Statement from Chelsea dripping of PR that essentially says 'we are in discussions, should be able to operate as normal, and by the way this will stop Chelsea Foundation operating, and all the good stuff that does for the disadvantaged'. Which the cynic in me reads as 'fcuk, Rudiger and Christensen might leave and we want to offer them new deals.'

https://twitter.com/FabrizioRomano/stat ... 90/photo/1

[Mr Angry]

Their sponsors are now "reviewing their position".........

According to Sky Sports just now, the Chelsea main shirt sponsor, the mobile network provider, 3, have asked for a "temporary" cessation of their agreement with Chelsea, including the removal of the their logo from shirts and from around the ground "for the foreseeable future"

[Ascotexgunner]

Season ticket holders can still attend games, but non season ticket holders can't - Stephen Taylor, Sports Lawyer on SSN

Away fans cannot attend games at Stamford Bridge either.

Confirmation club cannot be sold, unless there's an amendment to the freezing order.

I suspect they can give the away tickets and non season tickets for free.
They will be begging for Drinkwater if contracts don't get renewed.
I'm loving this personally. The plasticity of online comments by their "fans" is off the scale.
I can't believe there is a billionaire on the planet who can bankroll them and cover their loses on the planet.
The Saudis must be kicking themselves that they bought that turkey up north.

[AthleticoSpizz]

Just cancel the fukkahs

…and Nestle’

[Orion1871]

Season ticket holders can still attend games, but non season ticket holders can't - Stephen Taylor, Sports Lawyer on SSN

Away fans cannot attend games at Stamford Bridge either.

Confirmation club cannot be sold, unless there's an amendment to the freezing order.

I suspect they can give the away tickets and non season tickets for free.
They will be begging for Drinkwater if contracts don't get renewed.
I'm loving this personally. The plasticity of online comments by their "fans" is off the scale.
I can't believe there is a billionaire on the planet who can bankroll them and cover their loses on the planet.
The Saudis must be kicking themselves that they bought that turkey up north.

Drinkwater is out of contract in the Summer.

[Orion1871]

Today has shown the real tragedy of this war. It's not millions of people being forced to flee from their country, or Cities being razed to the ground, or hospitals being destroyed.

No, the real tragedy is that the poor little angels who support Chelsea have lost their precious Billionaire, who according to them "did nuthink wrong, and now they might not win trophies anymore.

Boo oxf*rd hoo

[Ascotexgunner]

Season ticket holders can still attend games, but non season ticket holders can't - Stephen Taylor, Sports Lawyer on SSN

Away fans cannot attend games at Stamford Bridge either.

Confirmation club cannot be sold, unless there's an amendment to the freezing order.

I suspect they can give the away tickets and non season tickets for free.
They will be begging for Drinkwater if contracts don't get renewed.
I'm loving this personally. The plasticity of online comments by their "fans" is off the scale.
I can't believe there is a billionaire on the planet who can bankroll them and cover their loses on the planet.
The Saudis must be kicking themselves that they bought that turkey up north.

Drinkwater is out of contract in the Summer.

Damn!!!

[From Despair To Where?]

Part of me thinks Chelsea are being a bit hard done by. On the other hand, its a horrible club.

In theory, we're only a Xi Jinping brainfart away from a similar thing potentially happening to us, although at least Xiu Li Dai is a British citizen.

[Loafer]

Part of me thinks Chelsea are being a bit hard done by. On the other hand, its a horrible club.

In theory, we're only a Xi Jinping brainfart away from a similar thing potentially happening to us, although at least Xiu Li Dai is a British citizen.

Who are they?