Does he need the money? Maybe the sanctions are hurting him?
Arena Events is owned by Gennady Timtshenko, who is on the West’s sanctions list due to Russia’s military actions in Ukraine, as well as Arkadi and Boris Rotenberg. Rotenborg’s son Roman Rotenberg is chair of the boards of both Helsinki Halli and Arena Events.
He retired in January at 36 after his first round loss in the Australian Open. Now he’s in Kyiv. His kids think he’s away at a tennis tournament and his wife is understandably upset.
Bad day for Australian cricket legends
Could MLB collapse?
You are Ken Bates, and I claim my £5.
Bates spent five years as chairman of Oldham Athletic during the 1960s and also had a spell at Wigan Athletic. In 1982, he purchased Chelsea for £1. During his tenure, he helped the club win a long-running battle with property developers who were attempting to evict them from their Stamford Bridge home. By the end of his reign, Chelsea were regularly finishing in the top six of the Premier League and had won their first major trophies since the 1970s, although they had a debt burden of around £80 million.[1] In July 2003, he sold the club to Russian billionaire Roman Abramovich from whom he received approximately £18 million.[2]
We are three games into Paul Simpson’s return as Carlisle United manager. How has he done?
I don’t think any Carlisle fan thought that three wins in a row and being six points clear of the relegation zone in 18th place was possible two weeks ago.
The hard tests come next week (Saturday and next Tuesday) against promotion hopefuls Northampton Town and Newport County. If Carlisle get anything out of those games we are really doing well.
Yeah, it’s like the fans showing up in burnooses when Newcastle was purchased by Price Bonesaw. These chanting Chelsea fans understand that the only reason they’re as strong as they are is the injection of petrodollars. Abramovich bought the club for something like 150 million UKP. That’s less than the value of Lukaku plus Mason Mount.
He was trying to sell quickly, with bids being take through next Tuesday. Presumably that’s over. It will be interesting to get details over the next few days: will the government conduct a sale? If so, what happens to the money? (In the US, assets seized this way are held in escrow pending court cases.)
This will be hard on Chelsea fans, and I would feel sorry for them except for the way they were chanting Abramovich’s name at their last game .
The government has issued a special licence that will allow fixtures to be fulfilled, staff to be paid and existing ticket-holders to attend matches.
Season-ticket holders can still attend games for which they have tickets but the club cannot now sell any more tickets.
Chelsea will also be unable to buy or sell players while the sanctions are imposed on Abramovich.
The club’s merchandise shop will also be shut.
The government is open to considering a further addition to the special licence which will allow the sale of the club.
A condition for that to happen would be that Abramovich - one of Russia’s richest people who is believed to be close to Russian President Vladimir Putin - receives no funds.
He has previously said that proceeds of the sale would be donated to victims of war.
Speaking of Chelsea: