EPL

Masters brands Abramovich ownership 'unsustainable' and predicts Chelsea could be sold in 10 days

By Sports Desk March 03, 2022

Roman Abramovich's ownership of Chelsea was "unsustainable" and a sale could be completed within 10 days, Premier League chief executive Richard Masters said on Thursday.

Abramovich announced on Wednesday he had taken the "incredibly difficult" decision to put the club up for sale and donate the net proceeds to the victims of the war in Ukraine.

In a statement, he said the sale "will not be fast-tracked but will follow due process", adding he will not be asking for loans to be repaid by the club.

"This has never been about business nor money for me, but about pure passion for the game and club," he said.

"Please know that this has been an incredibly difficult decision to make, and it pains me to part with the club in this manner. However, I do believe this is in the best interest of the club."

Abramovich's decision came amid the threat of sanctions against further Russian businesses and high-profile individuals following the invasion of Ukraine a week ago.

The 55-year-old oligarch has been photographed with Russian president Vladimir Putin in the past, and while it was claimed last week that Abramovich has no involvement in politics, a spokesperson for the Blues' owner suggested to the Press Association on Monday that he was "trying to help" achieve a peaceful resolution to the conflict.

Masters thinks the record for the quickest sale of a Premier League club could be broken, adding that selling Chelsea was the correct course of action.

"I think the quickest one we have ever done is 10 days, but that's not to say that record cannot be beaten," he said at the Financial Times Business of Football Summit in London.

"Normally, it will take a number of weeks, but that will depend on the complexity of the deal really and the number of potential owners. Provided that the information is easily digestible, easily understandable and gives us the right answers, it can be done relatively quickly.

"It is the right decision, the situation has escalated incredibly quickly over the last seven days, and he has come to the right conclusion that it is unsustainable in the current environment.

"It is a welcome decision and obviously for the sake of everyone, including the fans, the sooner the selling process concludes and completes, the sooner everyone will have certainty."

Masters, who said Premier League broadcast rights in Russia are under review, added that a human rights element could be added to the test determining whether prospective club owners are fit and proper.

"We've had quite helpful conversations with Amnesty International about those sorts of things," he said.

"We're not ready to say how it will change yet because it should be one test for football: us, the FA and the EFL agreeing on what that test should be, how it is implemented and how it is communicated to fans."

Related items

  • Schwarz believes pressure will bring out the best in Red Bulls Schwarz believes pressure will bring out the best in Red Bulls

    New York Red Bulls head coach Sandro Schwarz says pressure is good for players as they prepare to face rivals New York City FC in the MLS Eastern Conference semifinal.

    The Red Bulls beat defending MLS Cup champions Columbus Crew 1-0 in the first of their best-of-three series before edging them 5-4 on penalties in Game 2.

    They are playing in the semifinals for the first time since 2018, though it is the first time they are meeting their city rivals in the postseason in their history.

    Schwarz acknowledged there was a lot riding on this game but is sure the pressure can bring out the best in his team.

    "To feel the pressure as a player and head coach is good," he told reporters. "We need the pressure to bring our best performance and level.

    "Without pressure, it's not possible. Now we have this historic derby on Saturday and we're very excited.

    "Our main target is to win this game, but our focus is to get a result like we had against Columbus. The last three weeks have been looking at how we can create our best performance for Saturday."

    Meanwhile, NYCFC had to come from behind in round one after losing their first match to FC Cincinnati but won the second at home before going through with a 6-5 penalty shootout win in the decider.

    Head coach Nick Cushing is delighted to have home advantage for the semifinal tie but says he is not yet thinking about securing the same fate in the next round.

    "I've learned over my tenure here as assistant coach and as head coach that the next game is the most important part," Cushing said.

    "The whole focus is hosting a playoff semifinal at home. We're really proud that we've done everything to get to this opportunity, but there are many more challenges ahead, and we cannot look further than the first 10 minutes of the game, because that is our main focus.

    "And then, through there, we have a game plan and half-time. We're working through this game, and that is our whole focus."

    PLAYERS TO WATCH

    New York City FC – Alonzo Martinez

    Twelve of Alonzo Martinez's 17 goals this season (regular season and playoffs) have been scored in home matches, while Santiago Rodriguez has scored 11 of his 13 goals at home.

    Both players found the net in NYCFC's home win over Cincinnati in Game 2 of their first-round series.

    New York Red Bulls – Emil Forsberg

    Emil Forsberg became the 14th different Red Bulls player to record a goal and an assist in a single playoff match in Game 2 of New York's first-round series against Columbus Crew.

    No player has more than one such game in the team's postseason history.

    MATCH PREDICTION: NEW YORK CITY FC WIN

    This will be the first playoff meeting between New York City FC and the Red Bulls, but the fifth in knockout rounds in all competitions.

    The Red Bulls eliminated NYCFC in each of the previous four knockout round meetings, doing so in the US Open Cup three times and the Leagues Cup once.

    NYCFC has won five of their eight all-time home playoff matches, including the last three in a row. All three teams that defeated NYCFC on the road in the playoffs went on to reach the MLS Cup Final (Toronto FC in 2016 & 2019, Atlanta United in 2018).

    The Red Bulls' 1-0 win at Columbus in Game 1 on October 29 ended a six-match road losing streak in postseason play for the club. The Red Bulls have won multiple road playoff games in a single season twice before, doing so in 2008 and 2017.

    OPTA WIN PROBABILITY

    New York City FC – 46.5%

    Draw – 26.5%

    New York Red Bulls – 27%

  • Serie A side Genoa confirm sacking of head coach Gilardino Serie A side Genoa confirm sacking of head coach Gilardino

    Serie A side Genoa have confirmed the departure of their head coach Alberto Gilardino, with Patrick Vieira reportedly on his way in.

    Gilardino, a World Cup winner with Italy in 2006, leaves the club with them sitting just one point above the relegation size with 10 points from 12 matches this season. 

    A former striker who played for clubs including Genoa, Parma, AC Milan and Fiorentina, Gilardino took charge of Genoa in 2022 and helped them earn promotion to the top division before a 11th-place finish during the 2023-24 season. 

    "The club thanks Gilardino for the goals achieved together over the years and wishes him the best for his career," Genoa said in a statement.

    The 42-year-old saw his side salvage a late 1-1 draw against Cesc Fabregas' Como in their last match before the international break. 

    Genoa were also knocked out of the Coppa Italia in the second round following a defeat to Sampdoria on penalties in September. 

    Arsenal legend Vieira is set to replace him, according to multiple reports. 

    The former France midfielder has been out of work since leaving Strasbourg by mutual consent in July. 

  • Doncic backs Mbappe to turn fortunes around at Real Madrid Doncic backs Mbappe to turn fortunes around at Real Madrid

    NBA superstar Luka Doncic has backed Kylian Mbappe to "figure it out" after his underwhelming start to life at Real Madrid.

    Mbappe has scored eight goals in 16 games for Madrid in all competitions since joining as a free agent following the expiration of his Paris Saint-Germain contract.

    He has gone four matches without a goal – a run that includes losses to Barcelona and Milan – and has been left out of France's latest squad.

    However, Dallas Mavericks guard Doncic – a Real Madrid supporter due to his previous ties with the sports club – can see Mbappe turning things around.

    "Obviously [their season] could be better," Doncic told Managing Madrid after the Mavericks' win over the San Antonio Spurs on Saturday. 

    "But when you get a guy like Mbappe, it takes some time to get used to it. We'll figure it out."

    Mbappe has scored six goals in 11 LaLiga appearances for Madrid but has underperformed his season's expected goals (xG) total by 2.04.

    The forward is averaging a goal every 166 minutes in all competitions this term, compared to one every 88 minutes for PSG in his last of seven seasons in Paris.

    Madrid thrashed Osasuna 4-0 last time out in the league to return to winning ways but still trail leaders Barcelona by six points.

    Asked about his connections with Madrid, former Los Blancos basketball player Doncic said: "I follow Real Madrid every time.

    "I grew up there. They taught me everything, so it's a part of my life. You can call it a secondary home. 

    "I learned a lot of stuff there and, especially, they gave me a way to be here right now [in Dallas]. I always appreciate that 100%."

    Madrid return to action after the international break with a trip to Leganes on Sunday.

© 2024 SportsMaxTV All Rights Reserved.