LONDON: Roman Abramovich’s 19 years as Chelsea owner is closer to ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly.
The government had to be sure that Abramovich, who was sanctioned over his links to Russian President Vladimir Putin, did not profit from the enforced sale of the club that his investment turned into one of the most successful in European football.
The reigning FIFA Club World Cup winners and 2021 European champions will be sold for 2.5 billion pounds ($3.1 billion) — the highest price ever for a sports team — once Premier League approval is granted.
Chelsea has been operating under a government license since Abramovich’s assets were frozen in March and it expires on May 31.
“Following extensive work, we are now satisfied that the full proceeds of the sale will not benefit Roman Abramovich or any other sanctioned individual,” the British government said in a statement released Wednesday. “We will now begin the process of ensuring the proceeds of the sale are used for humanitarian causes in Ukraine, supporting victims of the war.
“The steps today will secure the future of this important cultural asset and protect fans and the wider football community.”
It was a hotly-contested sale process following Russia’s invasion of Ukraine three months ago and Boehly’s group had to guarantee 1.75 billion pounds ($2.2 billion) of investment in the team to be chosen as the new owners.
Chelsea had already agreed earlier this month to a deal with the consortium that features Boehly along with Dodgers principal owner Mark Walter, Swiss billionaire Hansjorg Wyss, and funding from private equity firm Clearlake Capital.
Chelsea fans have become accustomed to lavish funding in the 19 years under Abramovich’s ownership, with more than $1 billion net spending on players who have helped the men’s team win 21 trophies.
Abramovich, who has not condemned the war, has said he would write off loans of more than 1.5 billion pounds ($1.9 billion) to Chelsea but that has been complicated by the sanctions put in place by the British government.
Chelsea’s ability to sell match tickets and commit to new player spending has been curbed by the sanctions.
The certainty is that Chelsea will be playing in the Champions League next season after finishing third in the Premier League last Sunday despite the off-field turmoil. The women’s team won a league and cup double with a squad funded by Abramovich’s investment.
Chelsea had won the men’s championship only once — in 1955 — when Abramovich bought the club in 2003. Helped by expensive signings, the club won the Premier League two years later and has added four more since then, most recently in 2017.
Investment is needed in Stamford Bridge. Chelsea has the smallest and most dated stadium of the Premier League’s most successful clubs, with plans for a rebuild of the 41,000-capacity venue put on hold by Abramovich in 2018 when British-Russian diplomatic tensions deepened.
The $3.1 billion cost of Chelsea eclipses the $2.3 billion paid in 2018 for the NFL’s Carolina Panthers.
As well as being part owner of the MLB’s Dodgers, Boehly also has minority stakes in the NBA’s Los Angeles Lakers and WNBA’s Los Angeles Sparks.
UK govt approves sale of Chelsea by sanctioned Abramovich
https://arab.news/wtdpm
UK govt approves sale of Chelsea by sanctioned Abramovich
- Abramovich was sanctioned over his links to Russian President Vladimir Putin
- Chelsea has been operating under a government license since Abramovich’s assets were frozen in March and it expires on May 31
Brighton draws 0-0 with Brentford in lackluster Premier League encounter
- The result leaves Brighton in 10th place with 26 points, one spot and two points ahead of the Bees
It was a frustrating night for the home side and especially Julio Enciso. The Paraguay striker had a host of opportunities to score but couldn’t make them count.
Along with Southampton, Brentford has the worst away record in the league with seven losses and two draws and it was easy to see why in this toothless performance.
Brentford had an early goal from Yoane Wissa ruled out for offside and, although it came a bit more into the game in the second half, it failed to pressure Icelandic goalkeeper Hakon Valdimarsson, who made his Premier League debut eight minutes before halftime when Mark Flekken went off with a thigh injury.
One bright spot for the home side was the return of winger Solly March. He came on as a late substitute to make his first appearance for Brighton since injuring a knee against Manchester City 14 months ago.
The result leaves Brighton in 10th place with 26 points, one spot and two points ahead of the Bees.
Arsenal moves up to second in the Premier League with a 1-0 win over Ipswich
Mikel Arteta’s side is six points behind leader Liverpool, which has a game in hand.
Second-bottom Ipswich had won two of its last three away games but was up against it from the start at the Emirates.
The visitors did not have one touch in the Gunners’ box during the first 45 minutes and, although Ipswich showed signs of life after the break, it was Arsenal which continued to dominate the game, marshaled by Declan Rice in midfield.
Kai Havertz got the only goal midway through the first half when he knocked in a cross from Leandro Trossard.
Havertz, Rice, Mikel Merino, Martin Odegaard and Gabriel Jesus all had chances but none of them could add to Arsenal’s tally.
“It’s so tough, every team is tough to break down,” Havertz said. “They fight for each other and at the end we’re very proud for the win.”
Arsenal is a point above third-place Chelsea and two points clear of season surprise team Nottingham Forest in fourth.
Seagulls and Bees share the points on south coast
Brighton had most of the chances but could not find the net in a 0-0 draw with Brentford that extended the south coast club’s winless run to six league games.
It was a frustrating night for the home side and especially Julio Enciso. The Paraguay striker had a host of opportunities to score but couldn’t make them count.
Along with Southampton, Brentford has the worst away record in the league with seven losses and two draws and it was easy to see why in this toothless performance.
Brentford had an early goal from Yoane Wissa ruled out for offside and, although it came a bit more into the game in the second half, it failed to pressure Icelandic goalkeeper Hakon Valdimarsson, who made his Premier League debut eight minutes before halftime when Mark Flekken went off with a thigh injury.
One bright spot for the home side was the return of winger Solly March. He came on as a late substitute to make his first appearance for Brighton since injuring a knee against Manchester City 14 months ago.
The result leaves Brighton in 10th place with 26 points, one spot and two points ahead of the Bees.
Ex-Turkiye boss Terim named Al-Shabab coach
- Terim won the 2000 UEFA Cup with Galatasary
RIYADH: Former Turkiye and Galatasaray coach Fatih Terim was appointed Al-Shabab boss on Friday.
Terim, who won the 2000 UEFA Cup with the Turkish outfit, replaces Victor Pereira in charge of the sixth place team in the Saudi Pro League.
The 71-year-old’s last job was with Greece’s Panathinaikos, but he left at the end of last season.
In Saudi Arabia, Terim will overlook a squad including Belgium winger Yannick Carrasco and Italy midfielder Giacomo Bonaventura.
Terim is set to work under Al-Shabab’s director of football, former Juventus and Czech Republic midfielder Pavel Nedved.
“Having been a player with Juventus for years, he’s also done a lot as a director of football,” Terim told reporters at Istanbul airport before flying to start his new job.
“I’m very happy to be with him, I think he was a great footballer, a great name and an important symbol,” the former AC Milan and Fiorentina boss added.
Hosts Kuwait held by Qatar, Oman and UAE play out draw in Arabian Gulf Cup
- 101st-minute equalizer rescued point for Qatar
- Oman progress, UAE crash out
LONDON: Group A of the Arabian Gulf Cup came to its conclusion on Friday, with hosts Kuwait and Oman both securing the points they needed to progress to the semifinals.
Kuwait thought they had beaten their Gulf rivals with a goal from Mohammad Daham in the 74th minute of the match at the Jaber Al-Ahmad International Stadium in Kuwait City.
But a 101st-minute equalizer from Mohammed Muntari deep into stoppage time rescued some pride for the Qataris, who crashed out of the tournament by failing to win.
In the day’s other match, Oman faced the UAE in another crucial encounter.
The match ended in a 1-1 draw, which secured Oman’s advancement to the next stage and brought the UAE’s campaign to an end.
Al-Ahli Dubai midfielder Yahya Al-Ghassani had given the Emiratis a half-time lead, but they were pegged back by an Abdulrahman Al-Mushaifri equalizer 11 minutes from the end.
The group stages of the Arabian Gulf Cup conclude on Saturday with the final matches in Group B.
Saudi Arabia need a victory against Iraq to guarantee a semifinal spot, while already-qualified Bahrain will look to make it three wins from three when they play Yemen.
Argentine FA opens new Middle East office in Dubai
- Body will now boast permanent base in region, office planned for Saudi Arabia
DUBAI: The Argentine Football Association has expanded its presence in the Middle East with the opening of a new office located in the UAE, and the current world champions are also expected to soon boast a similar presence in Saudi Arabia.
Leandro Petersen, the association’s chief commercial and marketing officer, and Pablo Diaz, head of its international relations, were in attendance at the office’s opening in Dubai.
Located at prime locations, the new offices will enable the Argentine FA to build strategic partnerships and elevate its profile both locally and regionally.
Petersen said: “The opening of a Middle East office is a huge moment for us as we look to establish a permanent presence in the region, giving us a platform to strengthen ties and enhance our current offerings.
“Naturally, having become world champions in Qatar, the Middle East is a region which means so much to not only the Argentinian Football Association, but the entire country, and we are delighted to have a base from where we can build important long-term relationships with both fans and businesses.
“This region is undoubtedly now one of the key global markets, and for us to be positioned in Dubai will open up many opportunities as we expand our presence on a global level.”
It was announced earlier this year that the Argentine FA had partnered with DUNE | 23, a leading UAE-based marketing and communications agency focused on the sport and entertainment sector.
The official ribbon-cutting ceremony took place on Friday at the new DUNE | 23 offices in Dubai. The event was attended by managing partners Lloyd McMillan and Jamie Hosie, who joined Argentine FA representatives to mark the occasion.
Hosie said: “We are proud to partner with the Argentinian Football Association to strengthen its presence across the region.
“Together, we aim to create dynamic events, produce engaging digital content, and unlock new commercial opportunities to ensure the Argentinian FA remains at the forefront of football in the Middle East.”
