Browsing Archive: March, 2022
Posted by Ed Thompson on Friday, March 11, 2022,
Following the freezing of Ramon Abramovich’s assets, Chelsea are in real trouble. In fact, there’s a significant chance that this will be an absolute disaster for them – I will explain why.
Before we dive in, we should understand that the football club is a limited company that is 100% owned by a Holding Company called Fordstam Limited. Forstam owe about £1.5bn to Abramovic – he uses Fordstam to fund the football club. Losses have been reduced in recent years but it often does not bre...
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