"Chelsea FC announces today that it has put its new stadium project on hold."

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05-31-2018, 12:47 PM
redgunamo

"Chelsea FC announces today that it has put its new stadium project on hold."

#FollowTheWhiteRabbit #TheStorm #RussiaScam
05-31-2018, 12:54 PM
Tony C

#flatearth
#reptilians
#illumanati
#amurybishchoff
#skynet

The end is neigh....I’m going to do a deal with the crab people so I get preferential treatment when they take over imo
05-31-2018, 12:56 PM
redgunamo

Quote:

Originally Posted by Tony C

#flatearth
#reptilians
#illumanati
#amurybishchoff
#skynet

The end is neigh....I’m going to do a deal with the crab people so I get preferential treatment when they take over imo

I just wish I'd bought shares in Olivier Giroud :-(
05-31-2018, 01:08 PM
7sisters

Quote:

Originally Posted by redgunamo

#FollowTheWhiteRabbit #TheStorm #RussiaScam

I read that the Russki was off to Israel, in order to gain entrance through the backdoor, so to speak. Israelis don't require a visa to get over here; although, you'd have to ask why he'd want to continue to invest in a business within a country that would happily freeze his assets, given half a chance.
05-31-2018, 01:11 PM
redgunamo

Quote:

Originally Posted by 7sisters

I read that the Russki was off to Israel, in order to gain entrance through the backdoor, so to speak. Israelis don't require a visa to get over here; although, you'd have to ask why he'd want to continue to invest in a business within a country that would happily freeze his assets, given half a chance.

It's not us that's wanting to freeze assets, it's the Americans. Israel, of course, is completely on board the Trump Train so moving there makes sense.
05-31-2018, 01:35 PM
WES

Let's just hope that holding company calls the £1 billion loan against the club. The fire sale would be most amusing. :-)
05-31-2018, 03:40 PM
Sp0Ar9

Quote:

Originally Posted by WES

Let's just hope that holding company calls the £1 billion loan against the club. The fire sale would be most amusing. :-)

Whilst it would be hilarious to see, it wouldn't be in Fordstam's interest to call in the debt would it? I mean surely Chelsea Ltd would go bust wouldn't they?

Though, I'm no financial guru , I have to admit.
05-31-2018, 03:54 PM
WES

Quote:

Originally Posted by Sp0Ar9

Whilst it would be hilarious to see, it wouldn't be in Fordstam's interest to call in the debt would it? I mean surely Chelsea Ltd would go bust wouldn't they?

Though, I'm no financial guru , I have to admit.

Yes, I can't see it happening, only if Roman last his rag and became spiteful. Mind you, if he sold the club he would have to write the debt off and hope that the sale price came close to reimbursing him. I read £1bil, no idea what they are actually worth.
05-31-2018, 03:59 PM
7sisters

Quote:

Originally Posted by WES

Yes, I can't see it happening, only if Roman last his rag and became spiteful. Mind you, if he sold the club he would have to write the debt off and hope that the sale price came close to reimbursing him. I read £1bil, no idea what they are actually worth.

Either way, it's a sort of declaration on his part. No more big spending until the waters clear. I'd be surprised if the club spent big during the transfer period with this type of thing rumbling on in the background.
05-31-2018, 04:02 PM
WES

Quote:

Originally Posted by 7sisters

Either way, it's a sort of declaration on his part. No more big spending until the waters clear. I'd be surprised if the club spent big during the transfer period with this type of thing rumbling on in the background.

Absolutely, in fact I'd be surprised if they had a net spend at all this window. Should be fun watching them die slowly but surely.

Much better than Uncle Roman pulling the plug and watching the whole thing blow up quickly. Maybe. :-)
05-31-2018, 04:24 PM
Luis Anaconda

Quote:

Originally Posted by WES

Yes, I can't see it happening, only if Roman last his rag and became spiteful. Mind you, if he sold the club he would have to write the debt off and hope that the sale price came close to reimbursing him. I read £1bil, no idea what they are actually worth.

Have you seen the latest on The Times site? Looks very much as if he has lost his rag
05-31-2018, 05:16 PM
eastgermanautos

Quote:

Originally Posted by Luis Anaconda

Have you seen the latest on The Times site? Looks very much as if he has lost his rag

I want Willian! Poor man's Leroy Sane but hey.
06-01-2018, 08:49 PM
taxman10

Quote:

Originally Posted by WES

Yes, I can't see it happening, only if Roman last his rag and became spiteful. Mind you, if he sold the club he would have to write the debt off and hope that the sale price came close to reimbursing him. I read £1bil, no idea what they are actually worth.

You are some sort of moron. If he does that he pays tax on his gain. If he keeps the debt in place and it’s repaid by the purchaser it’s tax free

Don’t comment on things you don’t understand
06-05-2018, 07:52 AM
WES

Quote:

Originally Posted by taxman10

You are some sort of moron. If he does that he pays tax on his gain. If he keeps the debt in place and it’s repaid by the purchaser it’s tax free

Don’t comment on things you don’t understand

I didn't mean write off from an accounting perspective, you dimwit. I meant accepting that he would never receive repayment from the club and would have to factor in the debt repayment as part of the sale of the club. Hence why I questioned whether the sale value would be likely to cover the size of the debt.

Now stop trying too hard, you're liable to hurt yourself.