-
The Fighting Cock is a forum for fans of Tottenham Hotspur Football Club. Here you can discuss Spurs latest matches, our squad, tactics and any transfer news surrounding the club. Registration gives you access to all our forums (including 'Off Topic' discussion) and removes most of the adverts (you can remove them all via an account upgrade). You're here now, you might as well...
Latest Spurs videos from Sky Sports
RA was allowed to give them 30m ? Jesus wept. When did that happen. Ridiculous. Thanks for sharing I hadn’t seen that.Any other business other than football and they would of been.
Let's not forget that the terms of their temporary license has been changed many times allowing them to still exist.
Such as;
Allowing them to sell tickets
RA being allowed to put an extra 30m in to cover wages.
Chelsea given financial boost after being allowed £30m cash injection
MIKE KEEGAN: Chelsea have been given a financial lifeline by the Treasury after they were told the club's parent company can inject £30m to resolve immediate cash flow problems.www.dailymail.co.uk
That’s very measured and balanced. Would probably be right not to close them down when we consider individual needs, but it’s not about individual need is it ? It’s about consistency to protect the greater good? that’s probably over thinking on my part.
Would it be better to close them down and allow them to restart in a lower league ? Rangers had to suck that punishment up for much less, so maybe that’s the fair outcome.
Yeah, that was back in March to resolve the immediate cash flow issue and allow wages to be paid. Apparently their wage bill is £28m a month though so how did they pay Aprils bill? They seem to have kept quiet on that one.
Don't worry - they'll find another club.
Did you manage to slip into anything?
To those worried about their fans.
I have decided to allocate 50% to the scum. This will stop the need to photoshop fans into their stand.
the other 50% will be allocated to the spammers. They will provide European experience and hopefully stop them getting battered where they go.
I’m putting fires out all over the place.
I have decided to allocate 50% to the scum. This will stop the need to photoshop fans into their stand.
the other 50% will be allocated to the spammers. They will provide European experience and hopefully stop them getting battered where they go.
I’m putting fires out all over the place.
I've been searching for the end the Chavs button for the past 34 years. Grew up in SW London which was littered with their shit stain fans. It's sad I know, but there have been times when I've taken as much joy from seeing them lose as I have seeing us win, especially when Maureen was in his pomp. I despise the club and the unethical cunt who has washed his ill gotten gains through it for the past 20 years. In all honesty, if you gave me a choice between ending Chavs and ending Woolwich, I could only choose the former
Spot on. Even if they ain’t out of business drop them so fucking far, they can’t see the sun.
I think this is genuinely brilliant. You're fucking wasted here, your country needs you!!
Thank you. You are so fucking right!
I'd have no problem with this. Any fan that wants to watch Chelsea because it's their club will have the option to watch them. Any "fan" that is only with them for the glory can get to fuck.
I just think dissolving the club entirely isn't the right thing to do.
Can't believe how many empty seats there were at their game yesterday.
But they're not glory hunters.....
But they're not glory hunters.....
Isn't it season ticket holders only still
Forgot about that. Cheers.
Cross your fingers everybody.
CFC in danger of going under.
Telegraph Article
Fears Chelsea are at risk of ‘going under’
Tom Morgan
SPORTS NEWS CORRESPONDENT
The Government accused Roman Abramovich of putting Chelsea at risk of “going under” by allegedly refusing a new sale structure that blocks any risk of proceeds being claimed by his children.
With talks still deadlocked over the fate of his £1.6 billion loan in the club, Whitehall sources ramped up pressure on the Russian by expressing “serious concern” that the Todd Boehly takeover could collapse. “There’s quite serious concern in government that the deal may fall apart and that Roman Abramovich is ultimately willing to let Chelsea go under,” one senior government source warned.
Chelsea announced a sale agreement with the Boehly-led consortium more than a week ago, but executives remain at loggerheads with ministers with just a fortnight until the deadline for any deal.
At the heart of the dispute is dismay in Whitehall at an apparent contradiction in claims around the ownership of Camberley International, the offshore firm which Abramovich used to funnel funds to Chelsea.
"The ridiculousness of this scenario is that Chelsea are saying to us they don't know who owns Camberley International and [they] can't talk to them," the Government insider said. "[Yet] We cannot contact Camberley International to talk about this. Our understanding of the structure, as best we know, is that Camberley International is an affiliate of a trust fund which is owned by his children, potentially, or goes to his children with an individual in Cyprus acting as the trustee signatory."
In thrashing out the terms of the licence, the Government says Chelsea have requested the loan amount is paid into a charitable foundation via Camberley, which is owed the debt. Ministers, however, say that sequence of events is a "red line". Instead, they want the outstanding loan paid into an escrow account - a legal arrangement in which a third party temporarily holds the money - while they obtain guarantees over the foundation which Abramovich started setting up in March.
"In the structure they're proposing, there's a danger that it's sanctions busting," the Whitehall figure added. "It also opens up the ability that, in future as a creditor, Abramovich or whoever owned Camberley could make a claim on it."
The Abramovich camp released two statements in the past fortnight denying he was reneging on a pledge to write off the debt.
However, Whitehall insiders revealed relations behind the scenes are increasingly strained with time running out for an agreement to be reached. "There's alarm in Government about the gap between what Roman Abramovich has said he will do publicly and what he's willing to commit to legally as part of the sale process," the Government source added. "There are pressing deadlines this week, and if there isn't a breakthrough, we're quite concerned that the sale of Chelsea could be timed out by certain sporting deadlines."
This version of events is vehemently disputed by sources close to Abramovich. Bruce Buck and Marina Granovskaia, two key executives of the Abramovich era at Chelsea, have been acting on behalf of the Russian throughout. The lack of cooperation with Government could be a key sticking point in Buck's hopes of staying on at the club under the Boehly era.
The likelihood of an offer from Government to create a "two-step" process for the sale was first reported by Telegraph Sport almost a fortnight ago. Ministers' new proposal, in which the loan is paid into an escrow account, was put to Chelsea last week.
Relations between the parties have worsened in the month since Abramovich's assets were frozen in Jersey. It can now be revealed how island police were operating on a tip-off that Abramovich may have moved funds unrelated to Chelsea to Camberley, which is based there, when officers raided his assets on the island.
The Boehly consortium remains committed to the purchase, with a source saying "proceeds of the sale are a matter for the seller and the Government to resolve”. However, in its stark warning, the Government source added: "There are deadlines at the end of this month and the start of June which would either see the club booted out of European competition or the Football League entirely. But given that everything needs to be done, a good chunk of the sale needs to be done this week or next."
The escrow arrangement would allow the sale to be approved in time for the Football Association to register Chelsea for European competition by the end of the month and for the Premier League to meet on June 8 to form next year's competition. The licence to allow the club to continue operating while Abramovich is sanctioned also expires on May 31.
Abramovich's people say he launched his own process of setting up a foundation for victims of the war after putting the club up for sale on March 2.
In response to Government concerns first raised almost a fortnight ago, the Russian's spokesperson had said: "Firstly, Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed."
The claim was repeated in a statement in the early hours of Saturday after Los Angeles Dodgers co-owner Boehly finally won the race to buy Chelsea, amid the most public major sports franchise takeover in history. “Of the total investment being made, £2.5b will be applied to purchase the shares in the club, and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100 per cent to charitable causes as confirmed by Roman Abramovich," a statement said.
The Boehly consortium is understood to have agreed to clauses that block the payment of dividends or management fees until 2032, also barring the sale of any Chelsea shares for 10 years. Russian-Israeli billionaire Abramovich has owned Chelsea since 2003, steering the club to 21 trophies in his 19 years at the Stamford Bridge helm.
CFC in danger of going under.
Telegraph Article
Fears Chelsea are at risk of ‘going under’
Tom Morgan
SPORTS NEWS CORRESPONDENT
The Government accused Roman Abramovich of putting Chelsea at risk of “going under” by allegedly refusing a new sale structure that blocks any risk of proceeds being claimed by his children.
With talks still deadlocked over the fate of his £1.6 billion loan in the club, Whitehall sources ramped up pressure on the Russian by expressing “serious concern” that the Todd Boehly takeover could collapse. “There’s quite serious concern in government that the deal may fall apart and that Roman Abramovich is ultimately willing to let Chelsea go under,” one senior government source warned.
Chelsea announced a sale agreement with the Boehly-led consortium more than a week ago, but executives remain at loggerheads with ministers with just a fortnight until the deadline for any deal.
At the heart of the dispute is dismay in Whitehall at an apparent contradiction in claims around the ownership of Camberley International, the offshore firm which Abramovich used to funnel funds to Chelsea.
"The ridiculousness of this scenario is that Chelsea are saying to us they don't know who owns Camberley International and [they] can't talk to them," the Government insider said. "[Yet] We cannot contact Camberley International to talk about this. Our understanding of the structure, as best we know, is that Camberley International is an affiliate of a trust fund which is owned by his children, potentially, or goes to his children with an individual in Cyprus acting as the trustee signatory."
In thrashing out the terms of the licence, the Government says Chelsea have requested the loan amount is paid into a charitable foundation via Camberley, which is owed the debt. Ministers, however, say that sequence of events is a "red line". Instead, they want the outstanding loan paid into an escrow account - a legal arrangement in which a third party temporarily holds the money - while they obtain guarantees over the foundation which Abramovich started setting up in March.
"In the structure they're proposing, there's a danger that it's sanctions busting," the Whitehall figure added. "It also opens up the ability that, in future as a creditor, Abramovich or whoever owned Camberley could make a claim on it."
The Abramovich camp released two statements in the past fortnight denying he was reneging on a pledge to write off the debt.
However, Whitehall insiders revealed relations behind the scenes are increasingly strained with time running out for an agreement to be reached. "There's alarm in Government about the gap between what Roman Abramovich has said he will do publicly and what he's willing to commit to legally as part of the sale process," the Government source added. "There are pressing deadlines this week, and if there isn't a breakthrough, we're quite concerned that the sale of Chelsea could be timed out by certain sporting deadlines."
This version of events is vehemently disputed by sources close to Abramovich. Bruce Buck and Marina Granovskaia, two key executives of the Abramovich era at Chelsea, have been acting on behalf of the Russian throughout. The lack of cooperation with Government could be a key sticking point in Buck's hopes of staying on at the club under the Boehly era.
The likelihood of an offer from Government to create a "two-step" process for the sale was first reported by Telegraph Sport almost a fortnight ago. Ministers' new proposal, in which the loan is paid into an escrow account, was put to Chelsea last week.
Relations between the parties have worsened in the month since Abramovich's assets were frozen in Jersey. It can now be revealed how island police were operating on a tip-off that Abramovich may have moved funds unrelated to Chelsea to Camberley, which is based there, when officers raided his assets on the island.
The Boehly consortium remains committed to the purchase, with a source saying "proceeds of the sale are a matter for the seller and the Government to resolve”. However, in its stark warning, the Government source added: "There are deadlines at the end of this month and the start of June which would either see the club booted out of European competition or the Football League entirely. But given that everything needs to be done, a good chunk of the sale needs to be done this week or next."
The escrow arrangement would allow the sale to be approved in time for the Football Association to register Chelsea for European competition by the end of the month and for the Premier League to meet on June 8 to form next year's competition. The licence to allow the club to continue operating while Abramovich is sanctioned also expires on May 31.
Abramovich's people say he launched his own process of setting up a foundation for victims of the war after putting the club up for sale on March 2.
In response to Government concerns first raised almost a fortnight ago, the Russian's spokesperson had said: "Firstly, Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed."
The claim was repeated in a statement in the early hours of Saturday after Los Angeles Dodgers co-owner Boehly finally won the race to buy Chelsea, amid the most public major sports franchise takeover in history. “Of the total investment being made, £2.5b will be applied to purchase the shares in the club, and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100 per cent to charitable causes as confirmed by Roman Abramovich," a statement said.
The Boehly consortium is understood to have agreed to clauses that block the payment of dividends or management fees until 2032, also barring the sale of any Chelsea shares for 10 years. Russian-Israeli billionaire Abramovich has owned Chelsea since 2003, steering the club to 21 trophies in his 19 years at the Stamford Bridge helm.
Last edited: