Poor Chelsea

Limba Mupetami
Chelsea Football Club owner, 55-year-old Roman Abramovich, was on Thursday hit with a UK assets freeze and travel ban, throwing his plans to sell the club, which he bought in 2003, into disarray.
Abramovich pledged that proceeds from selling the club would go to victims of the Ukraine war. However, the British government is not convinced and put Abramovich's plans on ice, effectively placing the current European champions under government control.
The club can carry on playing their fixtures, and fans who already bought tickets can watch matches, however, no club will be sold if it benefits Abramovich, the British government has said.
Furthermore, the government said agreements should be in place which benefit designated persons directly - only then will they consider unfreezing his assets.
Now, not only are his assets frozen, but the billionaire is banned from carrying out transactions with any British individuals and businesses, and cannot enter or stay in Britain.
This might not be a problem for him because he has Israeli and Portuguese citizenship as well.
Anyway, this might sound very harsh for a business owner who employs thousands of people. It’s harsh because the future of the club is in limbo, and the players are obviously living in uncertainty as to what might happen next.
Many people believe that players should be removed from politics and that the government of Britain should remove football from their issues, but this goes beyond this kind of reasoning.
Chelsea is a profit machine for Abramovich. Look at the merchandise sold and bought all over the world by football lovers. The earnings he makes from selling players, etc. So, the British government has a point to include all his assets.
Now, looking at a bit of Abramovich’s history, following the collapse of the Soviet Union, he obtained Russian state-owned assets at prices far below market value in Russia's controversial loans-for-shares privatisation programme.
He was a confidant of former Russian president Boris Yeltsin and current leader Vladimir Putin.
Abramovich is the primary owner of the private investment company Millhouse LLC. He was formerly governor of Chukotka Autonomous Okrug from 2000 to 2008. According to Forbes, Abramovich's net worth was US$12.9 billion in 2019, making him the second-richest person in Israel, the eleventh-richest in Russia and the third richest in Portugal.
By cutting off their finance machines, the British government believes they can aid Ukraine in a way.

Kommentaar

Republikein 2024-11-01

Geen kommentaar is op hierdie artikel gelaat nie

Meld asseblief aan om kommentaar te lewer

Katima Mulilo: 20° | 37° Rundu: 22° | 37° Eenhana: 21° | 37° Oshakati: 20° | 37° Ruacana: 19° | 37° Tsumeb: 23° | 36° Otjiwarongo: 20° | 36° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 19° | 36° Henties Bay: 14° | 20° Wind speed: 17km/h, Wind direction: SW, Low tide: 08:56, High tide: 03:15, Low Tide: 21:17, High tide: 15:18 Swakopmund: 14° | 15° Wind speed: 15km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:13, Low Tide: 21:15, High tide: 15:16 Walvis Bay: 13° | 20° Wind speed: 18km/h, Wind direction: W, Low tide: 08:54, High tide: 03:12, Low Tide: 21:15, High tide: 15:15 Rehoboth: 18° | 36° Mariental: 20° | 38° Keetmanshoop: 21° | 38° Aranos: 19° | 39° Lüderitz: 15° | 28° Ariamsvlei: 20° | 38° Oranjemund: 14° | 21° Luanda: 25° | 26° Gaborone: 20° | 37° Lubumbashi: 18° | 32° Mbabane: 15° | 35° Maseru: 15° | 32° Antananarivo: 17° | 30° Lilongwe: 21° | 31° Maputo: 20° | 36° Windhoek: 19° | 34° Cape Town: 16° | 24° Durban: 18° | 26° Johannesburg: 19° | 32° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 17° | 31° Currency: GBP to NAD 22.7 | EUR to NAD 19.12 | CNY to NAD 2.47 | USD to NAD 17.64 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.74 | USD to AOA 909.05 | USD to BWP 13.36 | USD to EGP 48.9 | USD to KES 129.2 | USD to NGN 1650.78 | USD to ZAR 17.63 | USD to ZMW 26.83 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1855.18 Down -0.76% | Casablanca Stock Exchange (CSE) MASI 14168.1 Down -0.1% | Egyptian Exchange (EGX) 30 Index 30658 Up +0.94% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 749.29/OZ UP +0.09% | Copper US$ 4.35/lb DOWN -0.0002 | Zinc US$ 3 047.00/T UP 0.33% | Brent Crude Oil US$ 75.00/BBP UP +0.73% | Platinum US$ 990.30/OZ UP +0.04% Sport results: Weather: Katima Mulilo: 20° | 37° Rundu: 22° | 37° Eenhana: 21° | 37° Oshakati: 20° | 37° Ruacana: 19° | 37° Tsumeb: 23° | 36° Otjiwarongo: 20° | 36° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 19° | 36° Henties Bay: 14° | 20° Wind speed: 17km/h, Wind direction: SW, Low tide: 08:56, High tide: 03:15, Low Tide: 21:17, High tide: 15:18 Swakopmund: 14° | 15° Wind speed: 15km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:13, Low Tide: 21:15, High tide: 15:16 Walvis Bay: 13° | 20° Wind speed: 18km/h, Wind direction: W, Low tide: 08:54, High tide: 03:12, Low Tide: 21:15, High tide: 15:15 Rehoboth: 18° | 36° Mariental: 20° | 38° Keetmanshoop: 21° | 38° Aranos: 19° | 39° Lüderitz: 15° | 28° Ariamsvlei: 20° | 38° Oranjemund: 14° | 21° Luanda: 25° | 26° Gaborone: 20° | 37° Lubumbashi: 18° | 32° Mbabane: 15° | 35° Maseru: 15° | 32° Antananarivo: 17° | 30° Lilongwe: 21° | 31° Maputo: 20° | 36° Windhoek: 19° | 34° Cape Town: 16° | 24° Durban: 18° | 26° Johannesburg: 19° | 32° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 17° | 31° Economic Indicators: Currency: GBP to NAD 22.7 | EUR to NAD 19.12 | CNY to NAD 2.47 | USD to NAD 17.64 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.74 | USD to AOA 909.05 | USD to BWP 13.36 | USD to EGP 48.9 | USD to KES 129.2 | USD to NGN 1650.78 | USD to ZAR 17.63 | USD to ZMW 26.83 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1855.18 Down -0.76% | Casablanca Stock Exchange (CSE) MASI 14168.1 Down -0.1% | Egyptian Exchange (EGX) 30 Index 30658 Up +0.94% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 749.29/OZ UP +0.09% | Copper US$ 4.35/lb DOWN -0.0002 | Zinc US$ 3 047.00/T UP 0.33% | Brent Crude Oil US$ 75.00/BBP UP +0.73% | Platinum US$ 990.30/OZ UP +0.04%