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Chelsea Sanctions Spark Fresh Debate Over Football Finance

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The chaos engulfing Chelsea following sanctions imposed on Russian billionaire owner Roman Abramovich has sparked fresh debate over the sources of money that fuel Europe’s richest league.

The Premier League club had their assets frozen after Abramovich was targeted by the British government following Russia’s invasion of Ukraine, leaving them to cope with a ban on ticket sales and merchandise.

An expedited sale of the European champions will soon bring the curtain down on 19 years of nearly unbroken success under their 55-year-old owner, who has overseen five Premier League titles and two Champions League triumphs.

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Chelsea’s first home game since the sanctions were imposed was against Newcastle, whose own ownership model is also in the spotlight after a controversial takeover in October by a consortium led by Saudi Arabia’s sovereign wealth fund.

Rights group Amnesty raised concerns over the purchase, saying it was an attempt to “sportswash” the Gulf kingdom’s human rights record.

Reflecting the intensified focus on off-field issues, Newcastle boss Eddie Howe was forced to field questions after the Chelsea game about scores of executions in Saudi Arabia instead of incidents during the match.

Newcastle are hoping to follow in the footsteps of Abu Dhabi-backed Manchester City, who have become the dominant force in the Premier League over the past decade on the back of huge investment.

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Yet the UAE’s decision to abstain from voting on a UN Security Council resolution to condemn Russian “aggression” towards Ukraine and a recent meeting between City owner Sheikh Mansour bin Zayed Al Nahyan and Syrian president Bashar al-Assad — an ally of Russia’s President Vladimir Putin — have led to a renewed focus on City.

Opposition Labour lawmaker Chris Bryant said it would be “good to see the back of” Sheikh Mansour as City owner, while the government criticised his meeting with Assad, saying it undermined prospects for a lasting peace in Syria.

READ ALSO: Ricketts Family Fly To London As Race To Buy Chelsea Hots Up

Sports business expert Simon Chadwick told AFP that despite the unease about who is funding Premier League clubs, it is difficult to foresee meaningful change in the short-term, with billionaires from across the globe lining up to buy Chelsea.

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“European football can wean itself off money from Russia, China and Saudi Arabia but what’s left? If they leave, who replaces them?” said Chadwick, global professor of sport at Emlyon Business School.

“If we take the example of Chelsea, one of the options for replacing an outgoing Russian is a consortium of an American and Swiss billionaire, so for British football fans the situation is not going to change.”

– Turning point? –
The British government acknowledges the need for a shake-up, publishing a fan-led review into governance of the sport in November.

Recommendations include the creation of a new independent regulator for English football and new owners’ and directors’ tests to ensure “only good custodians” can run clubs.

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Premier League chief executive Richard Masters said earlier this month that the league’s owners’ and directors’ test was under review, with sports minister Nigel Huddleston arguing it needs to be more “robust”.

Huddleston told a committee of lawmakers last week he believes the English game is at a “turning point”.

“The fan-led review is pivotally important,” he said, with the full government response due in the coming weeks. “We recognise there are failures in the structure and governance of English football.”

Questions around ownership and sponsorship models are not unique to the English top flight.

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Qatar-owned Paris Saint-Germain are storming towards an eighth French league title in 10 years, while the Spanish football federation has attracted criticism for taking its Super Cup to Saudi Arabia.

In Germany, Schalke cut ties with state-owned Russian energy giant Gazprom, but Bayern Munich has stood by a sponsorship deal with Qatar despite a fan uprising that disrupted the club’s annual general meeting in November.

Football clubs and the Premier League are under fire for apparently neglecting to ask searching questions about where their money comes from as they chase silverware in a hyper-competitive industry.

Chelsea find themselves caught up in geopolitical currents that extend far beyond football but whether the sport has the appetite for fundamental change remains to be seen.

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AFP

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Super Eagles Stars, Calvin Bassey And Alex Iwobi Caught On Camera Shopping Together In London

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Super Eagles stars, Calvin Bassey and Alex Iwobi were spotted shopping together at a store in London.

The Nigerian internationals play for Fulham FC in the Premier League.

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10 Facts About New Super Eagles Coach, Finidi George

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The Nigeria Football Federation on Monday announced the appointment of former Super Eagles winger Finidi George as the new head coach of the nation’s senior men’s national team.

The announcement came in a statement, with the NFF Board approving the recommendation of its Technical and Development Committee to hand over the reins to the 52-year-old former Ajax Amsterdam and Real Betis forward.

The new Super Eagles boss’s immediate task will be to guide the team to victory in two crucial 2026 FIFA World Cup qualifying matches against South Africa and the Benin Republic in Uyo and Abidjan, respectively, within the next five weeks.

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However, takes a look at 10 things about Finidi George as compiled by The PUNCH.

READ ALSO: JUST IN: Finidi George Appointed New Super Eagles Head Coach

1.⁠ ⁠Finidi George was born on April 15, 1971, in Port Harcourt, Nigeria.

2.⁠ ⁠⁠He played as a right winger and was known for his pace, accurate crosses, efficient dribbling, and free-kick abilities. He played for three clubs in Nigeria including Calabar Rovers and Sharks of Port Harcourt.

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3.⁠ ⁠⁠George had a successful club career with Ajax, winning 8 major titles including the 1995 Champions League.

4.⁠ ⁠⁠He also played for Real Betis in Spain, nearly joining Real Madrid before that move fell through.

5.⁠ ⁠⁠George spent one season with Mallorca and then joined Ipswich Town in the Premier League for £3.1 million in 2002.

READ ALSO: Finidi, Odigie, Two Others For NPFL Manager Of The Month Award

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6.⁠ ⁠⁠He made his international debut for Nigeria in 1991 and earned 62 caps, appearing at the 1994 and 1998 World Cups.

7.⁠ ⁠⁠George won the 1994 Africa Cup of Nations with Nigeria and helped them reach the round of 16 at the 1994 World Cup.

8.⁠ ⁠⁠At the 1994 World Cup, he scored against Greece and celebrated with a famous ‘urinating dog’ celebration.

9.⁠ ⁠⁠He has 11 brothers, two of whom (Igeniwari and Celestine) were also professional footballers.

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10.⁠ ⁠⁠In September 2021, George was appointed head coach of Nigerian club Enyimba F.C. and won the Nigeria Premier League with them in June 2023.

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JUST IN: Finidi George Appointed New Super Eagles Head Coach

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The Nigeria Football Federation has appointed former Super Eagles winger Finidi George as the new head coach of the nation’s senior men’s national team.

The announcement came in a statement on Monday, with the NFF Board approving the recommendation of its Technical and Development Committee to hand over the reins to the 52-year-old former Ajax Amsterdam and Real Betis forward.

Finidi George, who spent 20 months as an assistant to the outgoing José Santos Peseiro, had been serving as the interim coach after the Portuguese tactician’s departure following the Super Eagles’ impressive run to the final of the 2023 Africa Cup of Nations in Cote d’Ivoire.

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READ ALSO: Delta Police Kill Suspected Kidnapper, Rescue Victims, Arrest Armed Robber Cultist

During his interim tenure, George oversaw two friendly matches in Morocco last month, where the team ended an 18-year winless streak against Ghana with a 2-1 victory before suffering a 0-2 loss to Mali.

“George, a member of the so-styled ‘Golden Generation’ that won the 1994 Africa Cup of Nations tournament in Tunisia and emerged as the second most entertaining team in Nigeria’s debut at the FIFA World Cup finals in USA the same year, won 62 caps for Nigeria, including featuring at the 1994 and 1998 FIFA World Cup finals,” the NFF statement read.

Reflecting on his illustrious playing career, the statement highlighted George’s achievements, which include “gold, silver and bronze medals from the 1992, 1994, 2000 and 2002 AFCON tournaments.”

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One of George’s most memorable moments came when he “assisted Rashidi Yekini (of blessed memory) to score Nigeria’s first-ever FIFA World Cup goal against Bulgaria in Dallas, USA on 19th June 1994,” the statement noted.

The new Super Eagles boss’s immediate task will be to guide the team to victory in two crucial 2026 FIFA World Cup qualifying matches against South Africa and the Benin Republic in Uyo and Abidjan, respectively, within the next five weeks.

The NFF statement emphasised that “the matches are must-win encounters, with the Super Eagles lagging behind in third place in Group C of the African campaign behind Rwanda and South Africa.”

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