1
Chelsea FC face new questions over how Roman Abramovich funded success | Roman Abramovich
(www.theguardian.com)
this post was submitted on 15 Nov 2023
1 points (100.0% liked)
Football / Soccer / Calcio / Futebol / Fußball
149 readers
1 users here now
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Experts said the transactions, uncovered through a joint investigation by the Guardian and international partners, could lead to the Premier League imposing punishments on Chelsea, such as a deduction of points.
The files reveal a series of payments worth tens of millions of pounds over a decade, routed through offshore vehicles belonging to Abramovich. The transactions in question appear to have been for Chelsea’s benefit, raising questions about whether they were declared in accounts submitted to football’s governing bodies.
Sad for the new owners since nobody from the Roman era is still there but I guess they didn't do the necessary due diligence.
Actually, it is due to Boehly this is known. After they took over, he found these transaction and reported them.
The hero we need but not the 1 we deserve.
This is separate to the ones Boehly reported. These new transactions became known due journalists investigating dodgy dealings between Cypriot companies and Russians.
Isn't due diligence usually done in advance of a buy? Seems kind of reckless.
Generally yes, but this sale was fast tracked, so it wasn't completely done and they kept 100m from the sale amount, anticipating these fines because of poorly kept books.
Wrong. This information is due to insider leaks from a Cypriot bank/company. You can read about this story and others from the excellent OCCRP reporting.
https://www.occrp.org/en/cyprus-confidential/