5 ms·
>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 bene
by giarc 5y ago
>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.
- duxup 5y agoHow likely is it to happen?
- nemo44x 5y agoI think it implies Ukrainian and Russian (and other!) people. It's very much not taking a stance and if anything agreeing that the war has to be done, people will unfortunately be hurt, and he plans on helping them all. But still supports the invasion.
- davrosthedalek 5y agoAt least he calls it a war. Something the state media in .ru is instructed not to do.
- vernie 5y agoCalling it a war is already a departure from Russia's "special military operation" messaging.
- axiosgunnar 5y agoHe might be referring to the """Ukraine nazi government war on the independent people's republics in the Donbas region"""
- vernie 5y agoFair point.
- adolph 5y agosed -e 's;"special military operation";"special" military operation;' Transported by short bus
- shmatt 5y agoThe money could all be payed to families of dead Russian soldiers and still be considered going to "victims of the war in Ukraine" Plus, I don't think Abramovich really cares of any investigative journalist finds this never came true
- bufferoverflow 5y agoConsidered by whom?
- mrvenkman 5y agoBy me for one. And by whomever has that weariness of the statement “benefit of all victims”.
- SauciestGNU 5y agoI don't think it matters if the money pays death benefits to Russian soldiers, they're also being tragically sent to die for an evil purpose. I see them as victims of Putin. Nobody should have to die for an autocrat's ego.
- buitreVirtual 5y agoChelsea FC is not profitable, so what proceeds can possibly be donated? Even after winning the Champions League they lost money.
- chishaku 5y agoincome != valuation
- smachiz 5y agoThey don't need to be profitable to be worth a lot of money. His asking price is 3B GBP.
- nindalf 5y agoThis 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.
- arrosenberg 5y agoNonetheless, 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.
- RC_ITR 5y agoThings 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?'
- 5y ago
- mongol 5y agoIt can't certainly be for all victims, since they will be in the millions if we count displaced, destroyed property, refugees etc. So it will remain to be seen who really will benefit. I think it is stealthy language
- alexanderchr 5y agoHe even went as far as calling it a war. That's considered borderline treason in Russia by now.
- gambiting 5y ago15 years in prison if the new law passes, right?
- tomp 5y agoIf he's lucky. If he's unlucky, it's nerve poison.
- jareklupinski 5y agohe seems to be banking on the new leader of the "Polish Eastern Territories" granting amnesty to oligarchs for their help in securing the Siberian Fronts
- randomsearch 5y agoHe’s gambling on Putin losing. Which seems an outside bet, but then he probably has information we don’t.
- sangnoir 5y agoOh he's Putin's friend or otherwise "owed", and his words will not be found offensive, but only because it's him.
- markvdb 5y ago"Liberation mission" is Vladimir's preferred newspeak.
- dylan604 5y agoColbert had a bit with Putin calling it Peace Keeping. He's keeping this piece of Ukraine and this piece as well.
- humanistbot 5y ago"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.
- kerneloftruth 5y agoThat's what "net" means, yes.
- dylan604 5y agoIt's soccer, so it could be the "net proceeds to bulge when Keppa gets beat"
- giarc 5y agoHe bought it in 2003 for 140 million pounds. The team is valued between 3 and 4 billion now.
- remus 5y agoPlus he's said he'll write off the ~£1.5 billion he's loaned to the team. That's a pretty big financial hit.
- readthenotes1 5y agoTo put this in perspective: how many million pounds are you pledging? (I'd be surprised if arms dealers base their pricing off your net worth)
- thevagrant 5y agoThat's right. I would remain skeptical of anyone with ill-gotten gains who promises future generosity. .. I'm gonna pay you guys back, let me just sell this stuff and skip town for a holiday while I work this out..
- sAbakumoff 5y agoI 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.
- notahacker 5y agoRelevant context: Abramovich answered a call from Ukraine to "mediate" in the initial round of talks between Russia and Ukraine. Previously, he's spent the last couple of decades acquiring assets, passports and friends in Western countries, so whilst there's definitely a lot of self-interest in his actions (he's avoided the main wave of sanctions) I imagine the war came as a massive shock to him and was the very last thing he wanted to happen. He has Ukranian ancestors and a daughter being outspokenly anti-Putin on social media. But he also spent time in Russian politics and was directly involved in Putin's rise to power. In that context, the absence of direct criticism of Russia in statements put out by him and the club's press office is also notable. Only if his role in "mediation" turns out to be a significant one can we judge the absence of anything stronger to say on the matter as more than an attempt to reputation launder both sides
- trhway 5y ago>That's quite the statement coming from one of Russia's biggest oligarch. No, his statement clearly follows and enforces Putin's propaganda narrative of the separation between suffering people of Ukraine whom Russia supposedly came to "liberate" and the supposedly illegitimate "Hunta" government whom Russia is supposedly fighting. Basically Abramovich managed to buy himself a grace period in England to be able to weasel out without devastating losses (and to save his bottom from the future war crimes trial). The guy in reality is total sh%t and is fully responsible for what happens in Ukraine like the rest of the Putin's oligarchs.