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24/07/2003
FSA launches inquiry after Chelsea takeover
The Financial Services Authority (FSA) has revealed today that it is probing shareholdings of Chelsea Village following the football club's takeover by Russian billionaire Roman Abramovich.
In a statement issued today the FSA said that its inquiry follows the receipt of information from "a number of sources" suggesting that the publicly disclosed shareholdings of certain parties "may have been inaccurate".
"The FSA is concerned that as a consequence the market may have been misled as to the true ownership of Chelsea Village plc. The FSA attaches great importance to the timely and accurate disclosure of information to ensure that markets operate in an efficient, orderly and clean manner," a statement read.
"These enquiries are separate from and in addition to the ongoing enquiries into various dealings in the shares of Chelsea Village plc ahead of the announcement of the recommended mandatory cash offer on behalf of Chelsea Limited."
The FSA added that it did not expect its enquiries to affect the offer timetable.
Chelsea FC was bought by the Russian tycoon for £140 million on July 1. The club has now spent £24 million on players.
(GMcG)
In a statement issued today the FSA said that its inquiry follows the receipt of information from "a number of sources" suggesting that the publicly disclosed shareholdings of certain parties "may have been inaccurate".
"The FSA is concerned that as a consequence the market may have been misled as to the true ownership of Chelsea Village plc. The FSA attaches great importance to the timely and accurate disclosure of information to ensure that markets operate in an efficient, orderly and clean manner," a statement read.
"These enquiries are separate from and in addition to the ongoing enquiries into various dealings in the shares of Chelsea Village plc ahead of the announcement of the recommended mandatory cash offer on behalf of Chelsea Limited."
The FSA added that it did not expect its enquiries to affect the offer timetable.
Chelsea FC was bought by the Russian tycoon for £140 million on July 1. The club has now spent £24 million on players.
(GMcG)
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31 August 2012
Roman Abramovich Wins Breach Of Trust And Contract Case
Chelsea Football Club owner Roman Abramovich has won a court battle brought by exiled Russian oligarch Boris Berezovsky. Mr Berezovsky, 65, who claimed he had been a business partner of Mr Abramovich, 45, said he was intimidated into selling shares in Russian oil giant Sibneft for a "fraction of their true worth" and sought £3bn ($4.
Roman Abramovich Wins Breach Of Trust And Contract Case
Chelsea Football Club owner Roman Abramovich has won a court battle brought by exiled Russian oligarch Boris Berezovsky. Mr Berezovsky, 65, who claimed he had been a business partner of Mr Abramovich, 45, said he was intimidated into selling shares in Russian oil giant Sibneft for a "fraction of their true worth" and sought £3bn ($4.
19 February 2007
London's congestion charge zone increases
Despite criticism, London's congestion charge zone has been virtually doubled in size. The zone, which costs £8 a day to enter, includes Bayswater, Chelsea Kensington, Knightsbridge, and Notting Hill. London Mayor Ken Livingstone hopes that the tariff will help reduce traffic in the newly expanded zone by up to 15%.
London's congestion charge zone increases
Despite criticism, London's congestion charge zone has been virtually doubled in size. The zone, which costs £8 a day to enter, includes Bayswater, Chelsea Kensington, Knightsbridge, and Notting Hill. London Mayor Ken Livingstone hopes that the tariff will help reduce traffic in the newly expanded zone by up to 15%.
14 March 2007
Chelsea boss Abramovich divorces wife
The Russian billionaire owner of Chelsea Football Club Roman Abramovich has divorced his wife, Irina, it has been confirmed.
Chelsea boss Abramovich divorces wife
The Russian billionaire owner of Chelsea Football Club Roman Abramovich has divorced his wife, Irina, it has been confirmed.
01 June 2004
Ranieri edged out of Stamford Bridge
Walking the plank never took so long – after months of prodding and cajoling, Chelsea football club finally nudged Claudio Ranieri overboard last night. A short statement on the club's website confirmed what Chelsea fans had known for months, that Ranieri would go.
Ranieri edged out of Stamford Bridge
Walking the plank never took so long – after months of prodding and cajoling, Chelsea football club finally nudged Claudio Ranieri overboard last night. A short statement on the club's website confirmed what Chelsea fans had known for months, that Ranieri would go.
20 September 2007
Chelsea Boss Mourinho In Shock Exit
Chelsea Manager Jose Mourinho has parted company with the club in a shock departure. The move came after a crisis meeting was held at the London club following a string of mediocre performances from the former Premiership champions, culminating in Tuesday night's disappointing draw against Norwegian team Rosenborg in the Champions League.
Chelsea Boss Mourinho In Shock Exit
Chelsea Manager Jose Mourinho has parted company with the club in a shock departure. The move came after a crisis meeting was held at the London club following a string of mediocre performances from the former Premiership champions, culminating in Tuesday night's disappointing draw against Norwegian team Rosenborg in the Champions League.
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