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Chelsea, prompt Abramovich sanctions football financial audit

by Hashem Ali
July 3, 2023
in Sports
3 min read
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Penalties on Russian billionaire Chelsea owner Roman Abramovich and the ensuing chaos surrounding club sparked discussion over finance it power The richest in Europe league.

Premier League club had assets It was frozen after the British targeted Abramovich government after Russia invasion of Ukraine, leave it to face with a ban on ticket Sales and merchandise.

urgent sale of European champion will soon bring the curtain down on 19 years of almost uninterrupted success Under 55-year old owner, who He oversaw five Premier League titles and two Champions League victories.

Chelsea first home game Since the sanctions were imposed, against owned by Newcastle model He is also in Spotlight after controversial takeover in October by a consortium led by the sovereign wealth fund of Saudi Arabia.

rights group Amnesty has raised concerns over The purchasesaying that it was an attempt to “sports wash” human rights in the Gulf kingdom record.

Reflect intense focus on offField issues, Newcastle boss Eddie Howe had to answer questions after Chelsea game About scores of executions in Kingdom Saudi Arabia instead of accidents during match.

Newcastle hopes to follow in footsteps of Manchester City backed by Abu Dhabi, who become dominant force in Premier League over The past decade on The back of Huge investment.

However, the Emirates decision to abstain from voting on A UN Security Council resolution condemning the Russian “aggression” against Ukraine and a recent meeting between the city’s owner, Sheikh Mansour bin Zayed Al Nahyan, and Syrian President Bashar al-Assad, one of his ally. of Russian President Vladimir Putin – led to a renewed focus on city.

Opposition Labor MP Chris Bryant said it would be “good to see the back of Sheikh Mansour, the owner of the city while government slammed his meeting with Assad says that it undermines prospects for lasting peace in Syria.

Sports business Expert Simon Chadwick told AFP (AFP) that despite the unease, who Finances Premier League clubs, it is difficult to expect a meaningful change in short-term with Billionaires from all over the world up to buy Chelsea.

“European football can wean itself off money From Russia, China and Saudi Arabia but what is left? if they leave, who Chadwick said, global professor of Sports at Emlyon Business School.

If we take the example of Chelsea one of The options for Replacing the outgoing Russian is a consortium of American and Swiss billionaire for British football fans The situation will not change.”

turning point?

British government acknowledge the need for Shake-up and publish a fan-led movie review in judgment of Sports in November.

Recommendations include creation of a new independent regulator for Einglish football And the new Owners and managers ensure “Just good guardians” run clubs.

Richard Masters, chief executive of the Premier League, said earlier this month that the league’s owners and managers test was under review with Sports Secretary Nigel Huddleston argues it should be more “strong.”

Tell Huddleston the Commission of legislators last week thought english game At the “turning point”.

propeller driven review of pivotal importance,” with The full government response due in the coming weeks. “We are aware that there are failures in structure and governance of Einglish football. “

Questions about ownership and care models incorrect unique to the top of the English.

Qatar-owned Paris Saint-Germain is approaching the eighth of the French league nickname in 10 years while the Spaniards football The union has attracted Cash for Taking the Super Cup to Saudi Arabia.

In Germany, Schalke sever ties with Russian state-owned energy giant Gazprom, but Bayern Munich committed to sponsorship deal with Qatar despite the uprising of fans that disrupted the annual club general Meeting in November.

Football clubs and Premier League under fire for Apparently neglecting to ask research questions about their whereabouts money come from as they are chase silverware in A highly competitive industry.

Chelsea finds himself trapped up in Geopolitical currents that extend far beyond that football But whether sports have an appetite for radical change remains to look at her.

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