3 ms·
At first it was "this will be put into a trust" as if that solves the problem of the club being owned by an oligarch. Now it's "it will be sold but not fast-tr
by cjensen 5y ago
At first it was "this will be put into a trust" as if that solves the problem of the club being owned by an oligarch. Now it's "it will be sold but not fast-tracked and the proceeds given to a foundation."
Why not just transfer it to a foundation along with the debts?
The weasel-wording and slow-rolling gives the appearance of an attempt to evade consequences.
- 1-more 5y agoalso why does it need a new foundation? A foundation he controls (or controlled by someone he controls) is a cool way to get some money off his books but still control it.
- jayflux 5y ago> Why not just transfer it to a foundation along with the debts? That wouldn’t be a very responsible thing to do. How are the foundation going to service the debts? How can they prove they have the capital to both run the club and pay Roman back? It wouldn’t be possible. Chelsea runs at a loss which Roman just writes off most years, a foundation can’t do that.
- jacquesm 5y agoStalling to avoid outright seizure.