Wednesday, July 02, 2003

CHELSEA tATuED?

So, a Russian "businessman" has bought Chelsea FC? Does this mean that Stamford Bridge regulars will now sing the "Red Flag" rather than the "Blue Flag"?

Already Tony Banks MP, lifelong Chelsea fan and former Sports Minister, has demanded the Government to investigate Mr Abramovich.

Ken Bates, dodgy deals? Been here before.

As the Guardian reports:

"Chelsea's ownership structure has always caused controversy because of stakes held by unusual offshore companies."

I remember an investigation by a journalist several years ago into the purchase of Chelsea FC (owner and prop - K Bates Esq) by Chelsea Village (owner and prop - K Bates Esq). The deal almost certainly violated Football Association rules in that the old club's debts were expunged. FA rules forbid such "Phoenix" schemes.

And don't forget Bates masterful handling of the Wembley saga...

:: Posted by pete @ 13:07