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Statement from Roman Abramovich

chelseafc.com

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Re: Statement from Roman Abramovich

#31

Post by arrosenberg »

nindalf wrote: post #29
buitreVirtual wrote: post #13

Earlier quoted context omitted.

Chelsea FC is not profitable, so what proceeds can possibly be donated? Even after winning the Champions League they lost money.

This is literally a forum made for startups. Businesses that may lose money but are worth a lot. Does that ring a bell? Abramovich bought a club for £140m, invested around £1.5 billion in it, and now it’s worth twice that. It’s worth is based on what a prospective buyer will pay, not a multiple of earnings.

Nonetheless, if you remove the sugardaddy, their model hasn't ever been a sustainable business. Chelsea clearly improved as a club after Roman bought the team (unlike United or Arsenal), so I'm not discounting that, but basically all major league sports teams in the (global) west have increased massively in value the last 10-15 years - how much of that is real value and how much is speculative is still up in the air.

Re: Statement from Roman Abramovich

#32

Post by localhost »

honkycat wrote: post #19

This war just makes 0 sense to me. Are things so horrible in Russia they feel they need to invade and subjugate another country? I realize you could make the same argument for the US invasion of Afganistan, or Iraq, or many many other idiotic blunders the US political class has made to undermine the US's ability to weigh in on these sorts of situations. I suppose the difference is that Ukraine is a healthy liberal de…

This YouTube video titled "Why Russia is invading Ukraine"? [1] is an excellent overview of the history that lead to this moment. tl;dr oil and security

[1] https://www.youtube.com/watch?v=If61baWF4GE

Re: Statement from Roman Abramovich

#33

Post by JumpCrisscross »

TedShiller wrote: post #20

For billionaires, philanthropy is simply PR

> For billionaires, philanthropy is simply PR

For the jaded, everything is PR. (For a PR person, everything is PR.) Just because something has PR benefits doesn't mean that's the primary purpose, or that the other benefits are somehow negated.

Re: Statement from Roman Abramovich

#34

Post by pingec »

honkycat wrote: post #19

This war just makes 0 sense to me. Are things so horrible in Russia they feel they need to invade and subjugate another country? I realize you could make the same argument for the US invasion of Afganistan, or Iraq, or many many other idiotic blunders the US political class has made to undermine the US's ability to weigh in on these sorts of situations. I suppose the difference is that Ukraine is a healthy liberal de…

I've found this article interesting https://www.salon.com/2022/02/26/the-ukraine-and-how-we-got-...

Re: Statement from Roman Abramovich

#35

Post by humanistbot »

giarc wrote: post #4

>Moreover, I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine. That's quite the statement coming from one of Russia's biggest oligarch.

"net proceeds" being the key phrase. This doesn't sound like he's donating all the money from the sale. It sounds like if he sells it for more than he originally paid for it, that extra will be donated.

Re: Statement from Roman Abramovich

#37

Post by RC_ITR »

arrosenberg wrote: post #31
nindalf wrote: post #29

Earlier quoted context omitted.

This is literally a forum made for startups. Businesses that may lose money but are worth a lot. Does that ring a bell? Abramovich bought a club for £140m, invested around £1.5 billion in it, and now it’s worth twice that. It’s worth is based on what a prospective buyer will pay, not a multiple of earnings.

Nonetheless, if you remove the sugardaddy, their model hasn't ever been a sustainable business. Chelsea clearly improved as a club after Roman bought the team (unlike United or Arsenal), so I'm not discounting that, but basically all major league sports teams in the (global) west have increased massively in value the last 10-15 years - how much of that is real value and how much is speculative is still up in the air.

Things can be valued as assets based on the present value of their future cash flows (like companies) or by their desirability and rarity (like a Lambo).

The argument you are making is equivalent to 'now that he won't pay for the gas, who will buy the Lambo?'

Re: Statement from Roman Abramovich

#38

Post by sAbakumoff »

giarc wrote: post #4

>Moreover, I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine. That's quite the statement coming from one of Russia's biggest oligarch.

I guess that by “all victims of the war” he means Russians and not Ukrainians.

This statement was measured and weighted dozens of times by the army of lawyers and advisers.

There is NOTHING sincere in it.

You don't have to buy this BS.

Re: Statement from Roman Abramovich

#40

Post by gambiting »

alexanderchr wrote: post #30
giarc wrote: post #4

>Moreover, I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine. That's quite the statement coming from one of Russia's biggest oligarch.

He even went as far as calling it a war. That's considered borderline treason in Russia by now.

15 years in prison if the new law passes, right?
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