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
Saudi fighters shine as PFL MENA Championship delivers spectacular action in Riyadh
- Hattan Alsaif, Abdullah Al-Qahtani wow the crowd on electrifying night
RIYADH: The Saudi duo of MMA fighters, Hattan Alsaif and Abdullah Al-Qahtani, shone at the PFL MENA Championship on an electrifying night in Riyadh.
The PFL (Professional Fighters League) delivered an evening of spectacular MMA action which showcased local and international talent while solidifying Saudi Arabia’s place on the global MMA stage.
The event featured a mix of thrilling showcase bouts and championship matches, leaving fans captivated by the high-level competition.
Costello van Steenis began the night with an impressive first-round knockout victory over Joao Dantas, landing a head kick at just 48 seconds. The win improved his career record to 16-3 and marked his fourth career knockout, maintaining his strong form of four victories in his last five fights.
Asael Adjoudj impressed in the featherweight division, securing a third-round guillotine choke submission against Jose Perez. The victory extended his remarkable winning streak to nine, bringing his career record to 9-1. Adjoudj remains undefeated since his professional debut loss, highlighting his rapid rise in the division.
Gabriel Braga bounced back from his PFL playoff semifinal loss with a unanimous decision win over Jeremy Kennedy. With his career record now at 15-2, Braga demonstrated resilience and technical skill, reaffirming his status as a top featherweight contender.
Slim Trabelsi continued his undefeated run with a hard-fought split-decision victory in a clash of unbeaten heavyweights against Englishman Abraham Bably. Utilizing his powerful striking and determination, Trabelsi improved his record to 8-0, showcasing his potential to rise further in the division.
On the Saudi front, Hattan Alsaif delivered a highlight-reel moment with a stunning knockout win over Lilia Osmani, further establishing herself as a fighter to watch.
The night’s crowning achievements came with two championship bouts. Abdullah Al-Qahtani secured the PFL MENA Featherweight Championship in front of his hometown crowd with a dominant first-round TKO against Marouane Bellagouit. The 26-year-old Riyadh native improved his record to 10-2, adding his fourth career knockout and earning his place as a hometown hero.
Egypt’s Omar El Dafrawy claimed the PFL MENA Welterweight Championship with a second-round TKO over Mohammad Alaqraa. The victory not only extended El Dafrawy’s winning streak to seven but also avenged a previous loss to Alaqraa. Now boasting a 13-6 record with eight knockouts, El Dafrawy demonstrated his growth and determination, cementing his status as a dominant force in the division.
The PFL MENA Championship in Riyadh was a landmark event for MMA in Saudi Arabia, showcasing the region’s growing talent and passion for the sport. With electrifying performances and enthusiastic support from local fans, the event marked another milestone in Saudi Arabia’s journey as a key player in the global MMA landscape.
Qatar’s sovereign wealth fund takes a stake in Audi’s future F1 team
- the Qatar Investment Authority will be “a long-term investor and partner” in the Audi F1 team
LUSAIL, Qatar: The sovereign wealth fund of Qatar is acquiring a “significant minority stake” in what will become Audi’s works Formula 1 team from 2026, in a deal announced Friday at the Qatar Grand Prix.
A joint statement said the Qatar Investment Authority will be “a long-term investor and partner” and provide “a substantial capital injection” that will help the team expand its infrastructure.
The team is currently competing as Sauber and will be rebranded as the Audi works outfit for 2026 after it reached agreement for a full takeover earlier this year.
“This additional capital will accelerate the team’s growth and is yet another milestone on our long-term strategy,” Audi chief executive Gernot Döllner said in the joint statement.
Qatar is already an investor in the Volkswagen Group, of which Audi is a part.
“QIA believes that Formula 1 is a sport with significant untapped investment potential,” QIA chief executive Mohammed Saif Al-Sowaidi said.
“The increasing commercialization of professional sports as an entertainment offering globally, and the increasingly global popularity of Formula 1, has made for an exciting opportunity for our first major motorsports investment.”
Sauber is changing both of its drivers for 2025, when Nico Hülkenberg and rookie Gabriel Bortoleto arrive to replace Valtteri Bottas and Zhou Guanyu.
It is the only team yet to score a point this season. Bottas placed 13th and Zhou 19th in Friday’s qualifying for the Saturday sprint race, which was the first competitive session since the agreement was announced.
GT World Challenge title to go down to the wire in Jeddah finale
- The 6 Hours of Jeddah race marks the final race of the GTWC season with Mercedes, Porsche and Ferrari battling it out for the title
JEDDAH: Mercedes-AMG Team GetSpeed topped Friday’s Free Practice in the GT World Challenge finale at the Jeddah Corniche Circuit, with Jules Gounon leading the way in a two-hour session that began in daylight and ended with the sun setting over the Red Sea.
The 6 Hours of Jeddah race marks the final race of the GTWC season with Mercedes, Porsche and Ferrari battling it out for the title.
Gounon was the first driver to break the two-minute barrier, posting a 1m 59.839s at the halfway mark. He subsequently shaved a further three hundredths of this to end Free Practice with a 1m 59.804s.
Matteo Cairoli came within touching distance of Gounon’s benchmark with a 1m 59.894s during the final 30 minutes. In doing so, the Iron Lynx Lamborghini jumped ahead of Maro Engel, whose time of 2m 00.093s demonstrated that the Mercedes Team Mann-Filter entry is fully up to speed following its testing accident on Thursday.
Gold Cup title favorite Sainteloc Racing placed fourth overall with Gilles Magnus at the wheel of the Audi. The Rutronik Racing Porsche continued the strong pace it demonstrated on Thursday by placing fifth overall and leading the Bronze Cup thanks to Loek Hartog.
The Boutsen VDS Mercedes-AMG was sixth, followed by the title-chasing AF Corse Francorchamps Motors Ferrari.
Sainteloc Racing also paced the Silver Cup with its #26 Audi. Kobe Pauwels posted a 2m 00.494s to place 19th overall. A total of 47 cars were on-track during Free Practice following the withdrawal of the Walkenhorst Motorsport Aston Martin, which crashed during Thursday’s Bronze Test.
In contrast with Thursday’s sessions, Free Practice brought almost no on-track incidents. A number of cars brushed the wall as they tested the limits of the high-speed Jeddah circuit, but there were no stoppages during the two-hour run.
However, there was more bad news for the Walkenhorst squad, which suffered a serious fire in one of its Aston Martins. No one was harmed in the incident, though the car’s continued participation in the event is unclear.
Norris boosts McLaren title hopes with sprint pole
- Norris clocked a best time in one minute and 21.012 seconds to outpace Russell, the winner in Nevada, by just 0.063 seconds at the end of a closely-fought session
- Oscar Piastri in the second McLaren was third
DOHA: Lando Norris lifted the spirits of his title-chasing McLaren team on Friday when he powered to pole position ahead of Mercedes’ George Russell in qualifying for Saturday’s sprint race at the Qatar Grand Prix.
After a disappointing outing in Las Vegas, where his drivers’ title hopes ended as Max Verstappen clinched his fourth championship with Red Bull, the British driver was back on top form under the lights at the Lusail International Circuit.
Norris clocked a best time in one minute and 21.012 seconds to outpace Russell, the winner in Nevada, by just 0.063 seconds at the end of a closely-fought session. Oscar Piastri in the second McLaren was third.
“It’s tough,” said Norris of his laps and the speed of the track.
“It is so quick around here. It feels like the quickest of the year and in the final sector you feel like you are just hanging on.
“I want to win and I want to win every session as a driver. Our target tomorrow is a one-two so we maximize the points for our constructors’ but we know Mercedes and Ferrari will be quick.”
The Ferraris of Carlos Sainz and Charles Leclerc qualified fourth and fifth ahead of Verstappen and seven-time champion Lewis Hamilton in the second Mercedes, an outcome that was not enough to buoy hopes that the Italian team can stop McLaren claiming their first constructors’ title in 26 years.
Pierre Gasly took an impressive eighth for Alpine ahead of Nico Hulkenberg of Haas and RB’s Liam Lawson.
McLaren hold a 24 points lead in the teams’ title race with 608 to Ferrari on 584.
With two Grands Prix remaining, including one sprint, McLaren can clinch the title with a dominant weekend ahead of Ferrari in both the sprint and Sunday’s Grand Prix.
In cooling conditions with temperatures of 19 (air) and 22 (track) falling as darkness descended, Kevin Magnussen set the early benchmark time for Haas in 1:23.750 before the ‘big boys’ joined the fray, Sainz soon going top.
Norris then gave notice of his intentions with a lap in 1:22.785, but it was not enough as speeds increased with the drop in temperature and Ferrari took advantage with Leclerc and Sainz on top.
With three minutes remaining in SQ1, Norris bounced back in 1:22.021, a time Russell equalled exactly with the same lap time. Piastri, last year’s winner, went fourth, six-tenths off his team-mate’s best time.
Norris trimmed his time to 1:21.356 in the final seconds to finish four-tenths clear of Sainz, six-tenths ahead of Russell and Verstappen with Hamilton fifth.
But it was another painful session for Sergio Perez of Red Bull who exited in Q1 along with RB’s Yuki Tsunoda, Alpine’s Esteban Ocon, Zhou Guanyu of Sauber and Williams’ Franco Colapinto.
As prescribed, all of the cars ran on medium compound tires and nearly all of them were under investigation by the stewards for driving too slowly, at times, in SQ1 as they ‘backed up’ to seek a ‘tow’.
The SQ2 segment began with Verstappen on top before Leclerc took over in 1:22.130 and then Piastri in 1:22.050, the leading teams all very clothed matched.
With two minutes to go, Norris was back in control in 1:22.231 ahead of Russell and Piastri with Verstappen fourth until Hamilton knocked him down to fifth ahead of the two Ferraris.
Out this time went two-time champion Fernando Alonso of Aston Martin, Williams’ Alex Albon, Valtteri Bottas of Sauber, Lance Stroll in the second Aston Martin and Magnussen.
The top ten shootout began with Leclerc in a hurry to clock 1:21.706, as they all switched to softs, Norris lapping in 1:21.012 for top spot with Piastri a tenth down in second. McLaren looked imperious.
Defending champions MI Emirates to play Dubai Capitals in DP World ILT20 season opener
- “We are set for a bigger and better edition” says CEO David White ahead of Jan. 11 start
DUBAI: Season three of the DP World International League T20 will begin with a blockbuster clash between defending champions MI Emirates and Dubai Capitals at the Dubai International Stadium in a rematch of last season’s final. The first ball will be delivered at 6:00 p.m. local time on Saturday, Jan. 11.
The Abu Dhabi Knight Riders will launch their campaign with a home game against season one finalists the Desert Vipers on Jan.12 at the Zayed Cricket Stadium, Abu Dhabi. In the evening game on the same day, season one champions Gulf Giants will face the Sharjah Warriorz at the DIS. The first match of the season at the Sharjah Cricket Stadium will be a clash between Sharjah Warriorz and Dubai Capitals on Friday, Jan. 17.
DP World ILT20 CEO David White said: “We are set for a bigger and better edition of the DP World International League T20 as we unveil the schedule for season three. Our six teams have gathered a line-up of world-class T20 stars besides the best of the UAE talent who will combine to provide rich entertainment to cricket fans during the 34-match tournament.”
Fifteen tournament matches will be played at DIS, Zayed Cricket Stadium will host 11, while the Sharjah Cricket Stadium will host eight. Evening games will begin at 6:30 local time on weekdays and at 6:00 on the weekends. On the double-header weekends, the afternoon games will be played at 2:00.
The month-long tournament will conclude at DIS on Sunday, Feb. 9.
The six DP World ILT20 franchises have retained cricket superstars including Andre Russell (Abu Dhabi Knight Riders), Sunil Narine (Abu Dhabi Knight Riders), Alex Hales (Desert Vipers), Sherfane Rutherford (Desert Vipers), David Warner (Dubai Capitals), Rovman Powell (Dubai Capitals), Chris Jordan (Gulf Giants), Shimron Hetmyer (Gulf Giants), Akeal Hossein (MI Emirates), Nicholas Pooran (MI Emirates), Adil Rashid (Sharjah Warriorz) and Johnson Charles (Sharjah Warriorz).
Additionally, Jason Roy (Sharjah Warriorz), Fakhar Zaman (Desert Vipers), Shai Hope (Dubai Capitals), Lockie Ferguson (Desert Vipers), Roston Chase (Abu Dhabi Knight Riders), Matthew Wade (Sharjah Warriorz), Ibrahim Zadran (Gulf Giants) and Romario Shepherd (MI Emirates) will make their DP World ILT20 debuts this season.
Additional UAE players will be selected next week.
“The DP World ILT20’s glittering trophy is one of the most sought-after prizes in the cricket calendar and we expect a fierce battle between the global superstars who will be giving it their all for their respective franchise,” White said.
“In the coming days we will be launching tickets with special offers for both the diehards and fans while encouraging families to come in numbers especially during the weekends at our fan carnivals at the stadiums in Abu Dhabi, Dubai and Sharjah.
“The weather across the UAE will be ideal for cricket for both afternoon and night games. For fans and tourists that are set to visit the country, the DP World ILT20 is surely an experience they cannot afford to miss,” he added.
