Russia’s invasion of Ukraine could derail plans to sell West Ham, following the devastating collapse of Chelsea in recent days.
The majority of Hammers shareholders were put up for sale next year by David Sullivan and David Gold.
March 2023 sees a provision in their London Stadium deal to pay tens of millions of pounds in windfall tax, if they reach 20 per cent for a deal worth more than £ 300 million, in exchange for the cheaper rent they have. Has been paying
Sullivan and Gold sold West Ham for प्रतिशत 200 million to Czech billionaire Daniel Kretinsky last year, adding the option of a full acquisition of West Ham.
But the West’s economic war with Russia has affected its trade interests. Kretinsky’s investment company EP Infrastructure owns 49 percent of the Slovakian pipeline Ustrim, which carries Russian gas to Europe.
As a result, the EP was placed on a negative watch list last week by the international credit rating agency Fitch Ratings.
David Sullivan (R) and David Gold had hoped to sell West Ham next year, but the Ukraine war has dashed their hopes.
The conflict has affected the business interests of the majority shareholder, Daniel Kretinsky
An EP spokesman condemned the attack and said gas supplies from Ukraine and Russia were continuing.
However, Fritz said that two-thirds of Ustrim’s transported gas belonged to the state-owned Russian energy company Gazprom and that Western governments were considering adding Russian oil and gas to their sanctions list.
His option to buy West Ham also has an expiration date, with his initial share purchase putting the club’s value at around £ 700m.
Questions in the Everton Naming Rights Agreement
The Premier League is facing questions from clubs over why they approved Everton’s bizarre ‘future naming rights deal’, for the USM, Alisher Usmanov’s holding company, for the new stadium, which is yet to be built.
The agreement was canceled after the government gave its approval to Russia.
The Premier League pushed the £ 20 million-a-year deal in 2019 when they had no chief executive, after an 18-month hiatus in search of a replacement for Richard Scudamore.
Everton’s naming rights deal with former shareholder Alisher Osmanov’s (right) holding company for the stadium, which is yet to be built in the Premier League, has been criticized.
Fear for Chelsea Academy
Chelsea have lost at least one talented youngster since signing Roman Abramovich, and academy staff are concerned that no new boss will pay for youth development in the same way.
The academy, run by long-serving Neil Bath, has been a success for the Abramovich era, producing first-team stars such as Mason Mount and Reese Witherspoon, as well as Premier League-ready players for other clubs. That has helped Chelsea raise more than ियन 1 billion in 10 years.
Of the ५ 135 million raised by Chelsea in the transfer market last summer, £ 90 million came from players produced by the club itself.
But running costs are high with an annual budget of m 10m, which raises questions about whether the investment will last if the club is sold.
Chelsea fear the club’s sanctions have damaged their academy – and are concerned that new owners will not pay the same attention as Roman Abramovich.
Ditching deals do no harm to the EFL
Clubs and governing bodies around the world will lose millions of pounds as a result of attempts to sever ties with Russia, but the EFL must be able to cope.
The TV deal in Russia, which the EFL canceled earlier this week and included the League Cup, was worth only £ 500,000 and has received payments this season.
The Premier League has already signed a को 6 million loan from media company Rambler for Russian rights in a deal that will expire this summer.
But the new £ 42m, six-year deal with Russia’s Match TV, due to start next season, is a matter of concern.
Breaking ties with Russia would not have much effect on the EFL as their TV deal in the country – including the League Cup – was worth only £ 500,000.
Non-league star Isaac has resigned over a betting probe
Keenan Isaacs of Stratford Town has quit football after being the subject of an FA investigation into a questionable betting pattern revealed by Sportsmail last week.
The former Reading defender has not been charged by the FA, but they are looking at betting around his booking in the FA Cup tie against Shrewsbury Town this season.
Isaac has denied any wrongdoing, but is so frustrated that he is no longer playing or training with the Southern League side.