Not so different at Chelsea according to Private Eye (13-26 May)

Chelsea are funded by interest free loans from an off shore holding company, which is presumably funded by Abramovic. Effectively, Chelsea are 460 odd million in debt. The debt (or part of it) is callable with 18 months notice apparently. I had assumed that Abramovic was funding them directly, but it appears he's not that foolish ... Of course, they could default on the repayment should they go bust, but he'd at least be first creditor in line

Posted By: BerlinCanary, May 25, 18:49:39