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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.

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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.

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.

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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.

“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.

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“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.”

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

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.

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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.

AFP

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EPL: Why I Won’t Stay One More Year At Man Utd – Casemiro

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Manchester United midfielder, Casemiro, has explained why he won’t stay one more year at the club.

The 34-year-old is set to leave Old Trafford at the end of the current season.

The Brazilian, however, had been urged by the club’s fans to extend his contract by one more year due to his brilliant display for Michael Carrick’s side this term.

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READ ALSO:EPL: Chelsea Winger, Mudryk Banned For Four Years After Failing Drug Test 

Speaking on the development, Casemiro told ESPN Brasil, “There is no chance [for me to stay one more year].

“It is leaving through the front door. It has been four wonderful years, and I am eternally grateful not only to the club but to the fans.

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“I think it is over. The cycle has ended here. I am moving on to a new chapter in my career.”

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EPL: Rooney Names Team To Win Title

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Former Manchester United striker, Wayne Rooney, has said Arsenal will go on to win the Premier League title, after Manchester City dropped points against Everton.

City were held to a 3-3 draw at the Hill Dickinson Stadium on Monday night.

The result means Pep Guardiola’s men are now five points behind Arsenal, but they have one game in hand.

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READ ALSO:EPL: Chelsea Winger, Mudryk Banned For Four Years After Failing Drug Test 

Rooney believes the Gunners will beat West Ham this weekend and go on to be champions.

He said on BBC Sport: “No, I’m concerned for West Ham. I just think Arsenal are efficient and professional.

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“I just think they will win every game. So obviously, with the result tonight, that means they will win the league.”

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UCL, EPL: Petr Cech Advises Chelsea On How To Win Trophies

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Chelsea legend, Petr Cech, has advised his old club on how to win the UEFA Champions League or the English Premier League.

Chelsea are already out of the Premier League title race this season, and they are at risk of missing out on UEFA Champions League qualification for next season because they are currently not in the ninth position on the Premier League table.

Speaking to The Athletic about Chelsea, Cech said that the Blues need to change their philosophy of signing only young players if they want to win the Premier League or Champions League.

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READ ALSO:EPL: Guardiola Reveals Only Chance Man City Will Win Title Ahead Of Arsenal

According to the former goalkeeper, the Premier League west London club needs to add experienced players to mentor the young players in the squad.

“You have to look at what you want to achieve. You can have young, talented players, and you can win, but it’s very rare that you manage to do that,” he said.

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If you want to win every season and compete every season, that does not go together.

READ ALSO:EPL: Arsenal In Shock Move To Sign Kvaratskhelia From PSG

You have to change your philosophy. Certain things don’t go together because, in order to win a Champions League or a Premier League… these are really tough competitions, and you have to be consistent.

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“You need to have a strong core of the team. And then you can bring young, talented players who will grow faster and then will be held by the experienced players to help navigate them through difficult times when they come.”

Currently, Chelsea have just one player, Tosin Adarabioyo, who is over 28 this season, and the defender has not been playing regularly.

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