So farewell, Roman Abramovich, soon-to-be former owner of Chelsea FC, wealthiest man in Portugal and Israel – two of the three countries where you have citizenship – and former governor of Chukotka Autonomous Okrug, a planet in the Outer Rim Territories.
Sorry. I’m confusing the Russian Far East with the lawless fringes of the Star Wars universe. Easy mistake. Where was I? Oh, yeah …
Farewell then, and bon voyage as you set sail from Old Blighty on stormy seas, with just a few billion pounds in your pocket and only the armour-plated hull of your £370 million, 533-feet superyacht between you and the briny depths.
What will you think about as you gaze through the bullet-proof portholes, play idly with the buttons on the missile detection system, or enjoy an outdoor hot tub made slosh free by the ship’s rotor-based stabilisation gizmo?
Perhaps, as smoke from bombed-out apartment buildings in Kyiv and Mariupol blots out the sun, you’ll ponder the name you gave your luxurious vessel: Eclipse.
I can only guess what songs will play in the ship’s discotheque as your party guests land on one of the two helipads. Chelsea anthem Blue Is The Colour, perhaps. (I’m sure the DJ won’t let you hear anything by Pussy Riot, especially not Mother Of God, Drive Putin Away, the ditty which saw the courageous punk activists arrested and prosecuted. I’m not sure you can dance to it, anyway).
Capital assets
NO, if you’ll excuse the pun, my money’s on ska classic The Liquidator, the song which booms out before Chelsea home games.
It seems appropriate as you move to turn your assets into something more portable than palatial London residences and blue ribbon sporting brands.
Oh, and if there’s a flashing chequerboard dance floor, will you feel it your patriotic duty to remove the yellow and blue lights?
It might be wise – you never know who’s watching. Actually, you probably do.
In truth, this is all wild speculation. Yes, the 55-year-old oligarch has put Chelsea up for sale (likewise his £150 million, 15-bedroom mansion in Kensington Palace Gardens in London, if reports are to be believed).
Yes, he owns that superyacht.
Yes, he was recently described by Labour MP Chris Bryant, speaking under parliamentary privilege and quoting from a leaked Home Office report from 2019, as being of interest to the Government “due to his links to the Russian state and his public association with corrupt activity and practices”.
And yes, Labour leader Sir Keir Starmer has demanded to know why Abramovich hasn’t yet been sanctioned when fellow football club-acquiring Russian oligarch Alisher Usmanov, who held a sizeable share in Arsenal until 2018 and has sponsorship links with Everton, is on the list as of last Thursday.
Safe from sanctions?
BUT at the time of writing, Roman Abramovich remains unsanctioned, while UK Government ministers (hello, Dominic Raab!) do their level best to avoid answering questions about why.
In fact, it’s thought Abramovich doesn’t even live here anymore.
He was in Abu Dhabi on February 12 to watch Chelsea beat Brazilian side Palmeiras and lift the World Club Cup, but it’s five months since he attended a match at the club’s Stamford Bridge ground. So, where is he?
My money’s on Israel, where the weather’s better, the government’s condemnation of Russia’s actions in Ukraine is muted to say the least, and where Abramovich owns a boutique hotel and a £50m beachside mansion, purchased just ahead of the pandemic.
A man who knows a thing or two about Abramovich and Chelsea is Keith Harris (not that one, he passed away in 2015, though fans of the late ventriloquist will be pleased to learn sidekick Orville the Duck lives on at London’s Grand Order Of Water
Rats museum. But that’s another story).
No, this Keith Harris is a storied investment banker and former chairman of the Football League who has advised on no fewer than 33 football club takeovers, among them the acquisitions of Manchester City, Aston Villa, West Ham, Fulham, and Newcastle United.
In 2003, he helped Chelsea navigate their sale to Abramovich, a deal completed in just a few days.
The Russian paid £140m but, speaking to BBC Radio 4’s Today programme on Friday, Harris said the club’s value today is probably around £2.3 billion.
Whatever the eventual selling price, Abramovich appears to want it in cash, like a plumber working off-book or that guy who sells puppies out of a car boot in a lay-by. “It’s unusual,” said Harris. “It’s a big, big ask.”
Pitching in
HARRIS was also of the opinion that, even though there is thought to be at least one interested buyer with pockets deep enough to meet Abramovich’s cash condition, the sale could take time. Quite a lot of time.
“One of the questions being asked in the circles I mix in is: ‘Who do you think will own Chelsea at the start of next season.’ I think if 10 were asked, eight would say Roman Abramovich.”
Some Chelsea fans might prefer it that way because that putative buyer is Hansjorg Wyss, a Swiss billionaire reported to be fairly uninterested in football and (according to one tabloid report) only interested in it now because of a grudge against Abramovich.
His bid, if it comes, is thought to be joint one with American Todd Boehly, part-owner of iconic Los Angeles sports teams the Dodgers (baseball) and Lakers (basketball), and a man whose own offer to buy Chelsea in 2019 was rebuffed by Abramovich.
Hansjorg Wyss is not someone who is going to blow millions on players. And what do Americans know about football?
In other words, Roman Abramovich may not be going anywhere soon, despite what looks like a hasty attempt to sell up on his part and despite the efforts of parliamentarians.
Through his spokespersons, Abramovich denies ties to the Kremlin and allegations of improper conduct, and as recently as December he settled a libel case against Catherine Belton, formerly Moscow bureau chief for the Financial Times, and her publisher, Harper Collins.
Kremlin allegations
IN a statement published on the Chelsea website on Wednesday, Abramovich said the sale of the club “will not be fast-tracked but will follow due process”.
He added: “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.”
What those “net proceeds” will be and what he means by “all victims” is anyone’s guess.Invaders as well as defenders? Soldiers as well as civilians? But pressure on him is mounting so watch this space.
He remains the UK’s most famous Russian, a man who brought trophy after trophy to that part of West London where blue really is the colour.
But if his ship is going to sail, he may be running out of time to find his sea legs.
And if it does, the chances are there will be few at the quayside to wave him off.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here