Skip to main content

Abramovich suffers from unverifed police reports

Roman Abramovich, Chelsea's owner, has been denied Swiss residency after the authorities there responded to unverified police reports. An injunction preventing publication of a leaked police report has only just been lifted.

The report alleged that 'Mr Abramovich was known for suspected money laundering and contacts with criminal organisations' [in Russia]. It added, 'We consider his presence in Switzerland to be a threat to public safety and a risk to Switzerland's reputation.' That is saying something given the scandals that have touched the Alpine state in the past, although it has made real efforts to clean up its act.

Mr Abramovich applied in 2016 to live in the ski resort of Verbier in the canton of Valais where he was welcomed with open arms by local officials. They negotiated a lump sum tax payment with him. The application was halted after the state secretariat for migration asked for the police report.

Mr Abramovich denies any wrongdoing and has never been indicted in Switzerland or any other jurisdiction: No evidence to support defamatory allegations

Earlier this year he withdrew his application to renew his British visa after a delay apparently prevented him from travelling to the UK for Chelsea's victory over Manchester United in the FA Cup final.

He has since taken Israeli citizenship, according to Israeli media. Israel grants all Jews who move to the state citizenship under its law of return. Israeli passport holders can travel to the UK for a visit without a visa, but Russians cannot.

Comments

Popular posts from this blog

Wolves get raw deal from FFP

  I used to see a lifelong Wolves fan for lunch once a month.   He was approaching ninety, but still went to games.   Sadly he passed away the other week. As football finance guru Kieran Maguire has noted, Wolves continue to be constrained by financial fair play rules.  Radio 4 this morning described them as this year's 'crisis club' and the pessimists have certainly been piling in. Martin Samuel wrote sympathetically in the Sunday Times yesterday, saying that the Premier League drives talent away with regulatory red tape: 'Why could Al-Hilal sign Neves? Because Wolves needed the money. And why did Wolves need the money? Because the club had to comply with an artificial construct known as financial fair play. So Wolves are going skint, yes? No. There is no suggestion that Wolves are in financial trouble, only that they are failing to meet the rigours of FFP. Wolves’ owners appear to have the money to run the club, and invest in the club, and in fact came up with a pow

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is

Charlton takeover approved

The long awaited takeover of Charlton Athletic by SE7 Partners from Thomas Sandgaard has been approved:  https://londonnewsonline.co.uk/se7-partners-obtain-efl-approval-for-charlton-athletic-takeover/ Charlton have had unhappy experiences with owners for over a decade, so how this works out will remain to be seen.  There is certainly potential there, but will it be realised? This interview with Charlie Methven gives detail not available elsewhere:  https://thecharltondossier.com/charlie-methven-on-the-record/