Let's All Laugh At... Let's all laugh at Chelsea thread

[jurgen11]

Ill give you three fifths of fuck all - a bargain

 

[sausage]

Ah that old chestnut. I'm sure we'll hear about how Mohamed Alkhereiji had a post of Ron 'Chopper' Harris on his bedroom wall, growing up in Saudi in the 70's.

 

[Tucker]

No “direct” government links. Surely the PL won’t fall for it twice!?!?

Lots of bids though I suspect, this won’t be the only one.

They didn’t fall for it last time, they just didn’t care enough to stop it from happening. Once the pirate tv stuff was sorted it was waived through pretty sharpish. I can’t imagine this would go down very well in the press though, and would just shine a massive spotlight on the premier league and their attitudes to this kind of thing.

 

[Amo]

As if you can even become billionaire without government links in SA.

Even members of the royal family were placed under hotel arrest and had their assets seized because they miscounted the number of grey hairs in MBS's beard.

edit: the tweet misspelled his name and the name of his company and Googling it didn't bring up results until I parsed the correct ones. I suspect this obfuscation wasn't an accident. It's not Saudi Media Group (and definately not the real Saudi Research and Media Group which I assume they confuse it with–accidentally or otherwise), it's "Saudi Media Company".

This "company" is a joke.

https://www.linkedin.com/company/saudi-media-company/about/

https://www.linkedin.com/in/mohamed-al-khereiji-57300710/

SaudiMedia

saudimedia.sa

It's also owned by "Engineer Holding Group" which just SCREAMS political favours. Contract for outdoor and public advertising rights, including airports? Yeah you ain't getting that with "no government links"

https://ehg.sa/media-4/

If I had time I'd check prior/current shareholders and I'd bet a million bucks you'll find some very not-not-linked-to-government figures.

 

[spursfan77]

I’d been burying my head in the sand regarding them falling on their feet but it’s going to fucking happen isn’t it ffs?!?!

 

[Gassin's finest]

They didn’t fall for it last time, they just didn’t care enough to stop it from happening. Once the pirate tv stuff was sorted it was waived through pretty sharpish. I can’t imagine this would go down very well in the press though, and would just shine a massive spotlight on the premier league and their attitudes to this kind of thing.

But the PL is just an organisation that arranges football matches in the UK. Its the UK itself that is the issue. This country has been sold off piece by piece for decades now. Almost every major industry/sector is foreign owned; Steel, power, transport, communications... you name it.

The only reason anything is happening to Chelsea is PR politics.

 

[Stuart Leathercock]

No “direct” government links. Surely the PL won’t fall for it twice!?!?

Lots of bids though I suspect, this won’t be the only one.

There is no such thing as 'no direct government links' in Saudi.

It doesn't matter anyway though.... they have allowed the Newcastle sale and would now have to allow this sale as a result.

 

[Nick-TopSpursMan]

Chelsea’s need for a quick deal, among other things, places doubt over a claim that a £2.7billion bid has been tabled by the Saudi Media Group, involving a private consortium fronted by Mohamed Alkhereiji who claims to have no Government links despite being pictured on several occasions with crown prince Mohammed bin Salman.

Quickly picking through any Saudi-based consortium is rated by those close to the Chelsea sale as being extremely difficult with any bidder needing approval from Raine, the UK Government and the Premier League.

 

[Stuart Leathercock]

Chelsea’s need for a quick deal, among other things, places doubt over a claim that a £2.7billion bid has been tabled by the Saudi Media Group, involving a private consortium fronted by Mohamed Alkhereiji who claims to have no Government links despite being pictured on several occasions with crown prince Mohammed bin Salman.

Quickly picking through any Saudi-based consortium is rated by those close to the Chelsea sale as being extremely difficult with any bidder needing approval from Raine, the UK Government and the Premier League.

Assuming this is true true them it makes sense for an investment fund to buy them and then flip them after a few months giving the next set of owners a reasonable amount of time to put their bid together.

 

[spursfan77]

Chelsea’s need for a quick deal, among other things, places doubt over a claim that a £2.7billion bid has been tabled by the Saudi Media Group, involving a private consortium fronted by Mohamed Alkhereiji who claims to have no Government links despite being pictured on several occasions with crown prince Mohammed bin Salman.

Quickly picking through any Saudi-based consortium is rated by those close to the Chelsea sale as being extremely difficult with any bidder needing approval from Raine, the UK Government and the Premier League.

Seems the need for a quick resolution will rule out a lot of parties and probably some good as well as bad ones.

Matt Law seems to know a lot of people.

Chelsea tell suitors to 'show them the money' as Friday takeover deadline looms​

Rainei, who are managing sale of club, are demanding evidence of funds and want bids to be submitted by close of business on Friday​

By Matt Law, Football News Correspondent14 March 2022 • 4:28pm
Prospective buyers of Chelsea are being told to “show us the money” by the bank looking after the sale in a bid to make sure a deal that saves the club from financial ruin can go through as quickly and trouble-free as possible after Friday’s deadline.

That leaves interested parties, such as British billionaire Nick Candy, who are still finalising their consortiums and offers, in a race against time to make a bid that Raine, who have been instructed to sell Chelsea by Roman Abramovich, take seriously.

It is understood that those trying to buy the club have been given access to Chelsea’s last set of accounts and their enormous wage bill to minimise the chance of the winning bidder stalling on a deal or pulling out, with Raine hoping a sale could go through by the end of the month.

The sanctions imposed on Abramovich and the restrictive licence Chelsea are operating under as a result mean the club can simply not afford for the sale to be delayed by any problems over funding, particularly as the prospective buyer also needs government approval before being put through a Premier League owners’ and directors’ test.

Raine not only want bids to be submitted by close of business on Friday, but are also demanding that evidence of funds is provided in the form of legally binding commitments. Any individual or group who cannot offer legal guarantees will be dismissed from the process and copies of bank statements will not be enough.

An industry expert told Telegraph Sport: “No matter how wealthy an individual or group is, when you are talking about the figures involved to buy Chelsea, it is not easy to document a legal commitment of funds from a standing start in such a relatively short space of time. This has to be done quickly or there is a risk the club will fall apart and there is too much transaction risk to take.”

Over 150 individuals and groups have made contact with Raine, the New York-based merchant bank, and a bid between £2billion and £2.5bn has been made by the Todd Boehly-led group. It is also understood there has been firm interest from the Ricketts family and Woody Johnson, owner of the New York Jets.

There is still time for new parties to come forward with a bid and Candy, who was at Stamford Bridge on Sunday to watch Chelsea beat Newcastle United, is still planning to make an offer of his own before the deadline that was pushed back from the original date of Tuesday.

Sources close to Candy claim he has been approached by a number of investors keen to partner with him and that there will be no shortage of capital from which he can make a bid. On Monday, the 49-year-old was said to be working out who the best partners would be to commit to working with.

Telegraph Sport revealed on Sunday that, while Antony Ressler is not expected to make his own offer for Chelsea, his investment company, Ares Management, has offered to provide some funding for groups bidding for the European champions.

Chelsea’s need for a quick deal, among other things, places doubt over a claim that a £2.7billion bid has been tabled by the Saudi Media Group, involving a private consortium fronted by Mohamed Alkhereiji who claims to have no Government links despite being pictured on several occasions with crown prince Mohammed bin Salman.

Quickly picking through any Saudi-based consortium is rated by those close to the Chelsea sale as being extremely difficult with any bidder needing approval from Raine, the UK Government and the Premier League.

The Ricketts family have come under fire in Chicago, where they own the Cubs baseball team, for their reported interest in buying Chelsea.

An article in the Chicago Sun-Times, the second biggest newspaper in Chicago, hit out at the Ricketts family, accusing them of making excuses for failing to invest in the Cubs.

Chelsea on Monday updated supporters that the club are pushing the Government to amend their operating licence to allow them to sell tickets, with fans who had not already done so by last Thursday still waiting to find out if they can buy a ticket for Saturday’s FA Cup tie against Middlebrough.

 

[Trix]

Seems the need for a quick resolution will rule out a lot of parties and probably some good as well as bad ones.

Matt Law seems to know a lot of people.

Chelsea tell suitors to 'show them the money' as Friday takeover deadline looms​

Rainei, who are managing sale of club, are demanding evidence of funds and want bids to be submitted by close of business on Friday​

By Matt Law, Football News Correspondent14 March 2022 • 4:28pm
Prospective buyers of Chelsea are being told to “show us the money” by the bank looking after the sale in a bid to make sure a deal that saves the club from financial ruin can go through as quickly and trouble-free as possible after Friday’s deadline.

That leaves interested parties, such as British billionaire Nick Candy, who are still finalising their consortiums and offers, in a race against time to make a bid that Raine, who have been instructed to sell Chelsea by Roman Abramovich, take seriously.

It is understood that those trying to buy the club have been given access to Chelsea’s last set of accounts and their enormous wage bill to minimise the chance of the winning bidder stalling on a deal or pulling out, with Raine hoping a sale could go through by the end of the month.

The sanctions imposed on Abramovich and the restrictive licence Chelsea are operating under as a result mean the club can simply not afford for the sale to be delayed by any problems over funding, particularly as the prospective buyer also needs government approval before being put through a Premier League owners’ and directors’ test.

Raine not only want bids to be submitted by close of business on Friday, but are also demanding that evidence of funds is provided in the form of legally binding commitments. Any individual or group who cannot offer legal guarantees will be dismissed from the process and copies of bank statements will not be enough.

An industry expert told Telegraph Sport: “No matter how wealthy an individual or group is, when you are talking about the figures involved to buy Chelsea, it is not easy to document a legal commitment of funds from a standing start in such a relatively short space of time. This has to be done quickly or there is a risk the club will fall apart and there is too much transaction risk to take.”

Over 150 individuals and groups have made contact with Raine, the New York-based merchant bank, and a bid between £2billion and £2.5bn has been made by the Todd Boehly-led group. It is also understood there has been firm interest from the Ricketts family and Woody Johnson, owner of the New York Jets.

There is still time for new parties to come forward with a bid and Candy, who was at Stamford Bridge on Sunday to watch Chelsea beat Newcastle United, is still planning to make an offer of his own before the deadline that was pushed back from the original date of Tuesday.

Sources close to Candy claim he has been approached by a number of investors keen to partner with him and that there will be no shortage of capital from which he can make a bid. On Monday, the 49-year-old was said to be working out who the best partners would be to commit to working with.

Telegraph Sport revealed on Sunday that, while Antony Ressler is not expected to make his own offer for Chelsea, his investment company, Ares Management, has offered to provide some funding for groups bidding for the European champions.

Chelsea’s need for a quick deal, among other things, places doubt over a claim that a £2.7billion bid has been tabled by the Saudi Media Group, involving a private consortium fronted by Mohamed Alkhereiji who claims to have no Government links despite being pictured on several occasions with crown prince Mohammed bin Salman.

Quickly picking through any Saudi-based consortium is rated by those close to the Chelsea sale as being extremely difficult with any bidder needing approval from Raine, the UK Government and the Premier League.

The Ricketts family have come under fire in Chicago, where they own the Cubs baseball team, for their reported interest in buying Chelsea.

An article in the Chicago Sun-Times, the second biggest newspaper in Chicago, hit out at the Ricketts family, accusing them of making excuses for failing to invest in the Cubs.

Chelsea on Monday updated supporters that the club are pushing the Government to amend their operating licence to allow them to sell tickets, with fans who had not already done so by last Thursday still waiting to find out if they can buy a ticket for Saturday’s FA Cup tie against Middlebrough.

All those he mentions seem far better options for the rest of the league than a billionaire who just wants a plaything.

 

[whitesocks]

Thanks to the experts we had here earlier, but at the risk of appearing to be a total idiott, why do the likes of man city dope their club via sponsorship and get in trouble, when they could legitimately just loan the club £150m every year then write it off the next, or convert it into shares?

 

[Wheeler Dealer]

Thanks to the experts we had here earlier, but at the risk of appearing to be a total idiott, why do the likes of man city dope their club via sponsorship and get in trouble, when they could legitimately just loan the club £150m every year then write it off the next, or convert it into shares?

That's a great question and I'll love to know the answer, as never thought about City operating a similar model to Abramovich

 

[Ghost Hardware]

Roman Abramovich: New evidence highlights corrupt deals

BBC Panorama uncovers new evidence on the corrupt deals that helped Chelsea's owner make his fortune.

www.bbc.co.uk

Some of this sounds like it's straight out of a film. Not really surpassing but likely the tip of a very very large iceberg that our government deliberately chose to ignore.

 

[thebenjamin]

"Mr Abramovich formed a partnership with another firm to buy Slavneft, but a rival Chinese company was planning to bid almost twice as much...The document says that a member of the Chinese delegation was kidnapped when they arrived in Moscow for the auction."

NICE

 

[CoopsieDeadpool]

I have slept on it. The sheer venom after every defeat now is pathetic. "Every player needs selling" depending on their performance in any given 90 minutes on here and I'm sick of trying to just get a bit of perspective into here.

Once you've banged your head against the wall long enough, it's just time to stop, the following morning to wake up to some of the posts I've seen it's just not worth it.

The balanced posters here are without question drowned out by those that clearly don't understand how complex things are, and with every win expect us to perform at 100% for ever after and then when we don't just doom monger for the following days. I'm not going to stop posting just going to stay well away from posting in the Spurs and transfer based threads, and that means all of them.

I'm sorry that a select few ****s have ruined your enjoyment of the site, Trix.

Unfortunately they've shown precisely what sort of person they really are.

I'm kind of fortunate that many people actually converse with me outside of this platform, and those people have, on the whole, shown themselves to be nothing short of wonderful.

There's the odd one or 2 that have also shown just how rude they are, but when they showed their true colours, it came as no surprise at all. Bitter old men, or spoilt so & so's with an unbelievable sense of entitlement.

It would be a crying shame if you let those people get the better of you here, though.

 

[Stuart Leathercock]

Thanks to the experts we had here earlier, but at the risk of appearing to be a total idiott, why do the likes of man city dope their club via sponsorship and get in trouble, when they could legitimately just loan the club £150m every year then write it off the next, or convert it into shares?

Because that wouldn't have any impact on the profit (or more importantly loss) on football operations. Clubs have to keep these losses to a maximum of 30million over any 3 year period. The owner investing/loaning money into the club does not have any bearing on the profit/loss made by the club on it's operations.

Some of you are confusing profit/loss with cashflow.

I'll try to come up with an example....

Oil Money FC are operating at break even and have very little cashflow. They are allowed to make a combined 30m loss in a 3 year period. Oil money FC sell no players, keep their wage bill and operating costs the same and their income from tickets, merchandise, prize money, broadcasting and sponsorship also remains the same.

Oil money FC then buy 2 players from Sustainably Run FC for £25m each and put them on 5 year contracts. The cost of those players would be amortised as £5m per year. The club will now make a £10m loss over each of the next 5 seasons (if all other incomings and outgoings stay equal as stated before) That 10m loss per season is just inside the FFP regulations. Oil Money FC are operating within FFP and fine.

However, in order to agree to the transfer of the two players, Sustainably Run FC demanded 50% of each player's transfer fee to be paid up front and the remaining 50% to be paid in 12 months' time. Ergo, Oil Money FC have to pay £25m in year 1 and £25m in year 2. However they have no money to do this as they have very little cashflow. Therefore the owner of Oil Money FC makes a loan or liquidity injection into the club for £25m in year 1 and then does the same in year 2. Oil Money FC have now received £50m of owner funding and they are completely above board for FFP and able to make their transfer payments and pay their players on time (also requirements of FFP)

 

[CoopsieDeadpool]

Yep. I think there are a lot of fucking stupid people out there I am afraid.

 

[sausage]

"Mr Abramovich formed a partnership with another firm to buy Slavneft, but a rival Chinese company was planning to bid almost twice as much...The document says that a member of the Chinese delegation was kidnapped when they arrived in Moscow for the auction."

NICE

 

[CoopsieDeadpool]

Sod trying to moderate that, at the end of the day you’re Spurs fans so surely you’d rather be watching the matches.

That's the problem though bud. So many don't watch the match, per se. They just look for things to criticise & complain about.

"Supporters" have been replaced by "fans" , and a snobbery has crept in via people believing they're more important, and their opinion matters more because they're fortunate enough to be able to attend games, or hold a season ticket etc.

I'm someone who thinks everyone is better than me in every way, in everyday life. Got no qualms whatsoever in believing & accepting that. But when it comes to supporting this club, I'm absolutely not accepting anyone speaking down to me, or trying to convince me that they're a bigger, better supporter than me.

It's a life sentence & I'm always going to be proud to call this my club!