Hey Sports Tech Fans,
Very quick one this week.
The big news in the world of sport is again Chelsea related!
Roman Abramovich has had his assets frozen by the UK government which has certainly made the sale of Chelsea a lot more complicated.
As I was writing this, Chelsea have had their bank account temporarily suspended by Barclays bank as they assess the situation. This could cause massive disruption to the club if it drags on.
But this goes to show how much can change in the blink of an eye with this story.
Tifo football have a great video roundup from Thursday about what is known.
The video gives a comprehensive summary of where things stand and offers more detail on the shutting of the club store and website as well as the sale of new tickets being forbidden.
There are a lot of things up in the air like what happens if Chelsea make the quarter finals of Champions League? What happens with away fans? What happens to all club staff, especially those working the club shop that has now been closed? What happens to players’ contracts? What happens to the sale of the club, does this make it easier or harder to do? Will Chelsea have enough cash flow to meet its substantial monthly costs? Will they be able to make tax payments?
Everything is as clear as mud right now and has huge implications for the club, the league, football at large, and ownership moving forward.
Have a great sporting weekend,