Chelsea sale Q&A: What’s the worst-case scenario? Could the club really go out of business? | Football News

The clock is ticking for Chelsea’s sale to be carried out with Roman Abramovich expecting his £1.5billion loan to be frozen having been advised that the UK Government sanctions against him block his plans to write off the club’s debt.

The 55-year-old pledged to wipe out his loan to Chelsea when confirming he had put the Stamford Bridge club up for sale on March 2, amid Russia’s invasion of Ukraine.

Downing Street imposed sanctions on Abramovich on March 10, claiming to have proved the business magnate’s links to Russian president Vladimir Putin.

The terms of those sanctions have left Chelsea’s parent company Fordstam Limited frozen, with the Blues operating under a special Government licence.

Fears are thought to have been raised that Abramovich could insist on his loan being repaid, which could jeopardise the entire sale process. Chelsea’s sale needs to be completed by May 31, when the Government’s special licence expires.

Sky Sports News’ chief reporter Kaveh Solhekol addresses the key questions…

What’s happened?

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Kaveh Solhekol says the three remaining bidders for Chelsea have been asked to put forward another £500m because Roman Abramovich wants more of the proceeds of the sale to go towards the club’s charitable foundation.

The sale of Chelsea has been thrown into doubt over disagreements about what will happen to the £2.5billion the club is expected to be sold for.

The consortium led by US businessman Todd Boehly is the preferred bidder to buy Chelsea, but the UK government will not allow the sale to go through unless it is completely certain Roman Abramovich will not receive any of the proceeds.

Two months ago Abramovich put Chelsea up for sale and said he would not be asking for his loans to the club to

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What’s next for the Global Esports Federation?

Esports federations are an intriguing breed. Even although there is a definite will need for governing bodies in the planet of esports, the specifics of the marketplace make it incredibly tough to have a one one particular, like FIFA in soccer or FIBA in basketball. Through the many years, a range of initiatives for regulating and popularising esports have surfaced, and a single of the most latest types is the Global Esports Federation (GEF).

(ESI Illustration) Pictured: Paul J. Foster. Impression credit score: Worldwide Esports Federation

Founded in 2019 in Singapore, the GEF has a amount of big-name companions and backers, such as the Olympic Council of Asia, Capcom, Konami, and Sega. The GEF is at the moment a person of the two major esports associations in the entire world, the other getting IeSF from South Korea.

Esports Insider sat down with Paul J. Foster, CEO of the Global Esports Federation to explore foreseeable future plans, challenges that experience the GEF through the pandemic, and the impending very first version of the International Esports Game titles that are to be played in Singapore this December.

Foster explained that the main mission of the GEF is to advertise the trustworthiness, legitimacy, and status of esports, and produce an worldwide system for esports to go on to improve. Like associations in other athletics, the GEF seeks to link gaming and esports corporations with educators and final decision-makers to produce rewards for esports supporters and players. When it arrives to esports, this also means talking to classic athletics makes and organisations to share know-how and teach.

It ought to be mentioned that the GEF is not the only esports federation in the entire world. The IeSF (Intercontinental Esports Federation), for example, has been all over since 2008 and shares comparable objectives of web

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Spencer Rattler enters transfer portal: What’s next as Oklahoma star moves on after losing starting QB job

Oklahoma lost its coach on Sunday when Lincoln Riley announced that he is taking the USC job, and now it’s lost its opening day starting quarterback and former Heisman favorite. Redshirt sophomore Spencer Rattler announced Monday on Twitter that he has entered the transfer portal. 

“Sooner Nation, thank you for allowing me to be a student-athlete at this prestigious institution,” he wrote. “Thank you to every teammate and coach these last three seasons. We won several games together and made memories that I will cherish forever. Special thanks to my family and friends for your support. Thank God for the game of football. It’s the ultimate team sport and brings people and communities together unlike anything else. At this time, I would like to announce that I have decided to enter the transfer portal to continue my academic and athletic career. Thank you again, Oklahoma. I will miss you.

Rattler threw for 4,595 yards, 40 touchdowns and 12 interceptions in three seasons in Norman. He entered the 2021 season as the favorite to win the Heisman Trophy after throwing for 3,031 yards and 28 touchdowns in 2020 — his first season as the Sooners’ starting quarterback. 

He started the first six games of the season before being benched vs. Texas after poor play. Caleb Williams took over and started the remaining six games under center. 

Rattler was a five-star prospect and the No. 11 overall player in the Class of 2019 out of Pinnacle High School in Phoenix, Arizona. He was named the MVP of the prestigious Elite 11 camp prior to his senior year of high school.

Where could Rattler land? Let’s examine some potential destinations

The Rebels are losing Heisman contender Matt Corral to the NFL Draft, which has left a big vacancy on the roster. Coach Lane

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