Tuesday, April 21, 2026

Former Chelsea Owner Secretly Funded Takeover of Dutch Club

  • Roman Abramovich, the former owner of Chelsea, bankrolled a Dutch team for a decade.
  • The team was owned by a succession of oligarchs with ties to Abramovich.
Sanctioned former Chelsea FC owner Roman Abramovich
Shutterstock

Chelsea’s former owner had deeper tentacles in European soccer than previously known.

Roman Abramovich, the Russian oligarch who was forced to sell his Premier League club by the U.K. government after Russia invaded Ukraine, secretly funded the takeover of Vitesse Arnhem, a top-division club in the Netherlands, according to the Guardian. 

The oligarch proceeded to bankroll the Dutch club for years after, loaning it $127.6 million by 2015.

This financial arrangement came to light in what are being called the Oligarch Files, a cache of leaked data from a Cyprus-based offshore service provider called MeritServus.

Former Georgian player Merab Jordania, who is friendly with Abramovich, bought Vitesse Arnhem in 2010. Chelsea loaned many players to Vitesse Arnhem over the next decade.

Jordania, who owns Maltese club Valletta FC, left Vitesse Arnhem in 2013 and was replaced by another associate of Abramovich’s, Alexander Chigirinsky. 

A Chelsea FC banner is waved over the field at Stamford Bridge stadium.

Chelsea FC Reports $149M Net Loss Due to Sanctions

Sanctions against previous Chelsea owner Roman Abramovich financially restricted the club.
March 27, 2023

Another Russian oligarch close to Abramovich, Valeriy Oyf, became majority shareholder in 2018. In March 2022, Oyf said he would resign from the team’s board and sell his shares in light of the Russia-initiated war.

The Royal Netherlands Football Association investigated the team’s connections to Chelsea in 2010 and 2015 but found no indications of managerial influence over the Dutch club.

Chelsea was taken over by the U.K. government and sold to a group led by Los Angeles Dodgers, Lakers, and Sparks co-owner Todd Boehly and Clearlake Capital in a deal worth more than $5 billion, factoring in the team purchase itself and promised investments.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Premier League Title Race Tightens With Big Money on the Line

The Stan Kroenke-controlled club is now in a tight battle for the league title.
NFL: Denver Broncos at Washington Commanders

Top Sports Attorneys Command $10M Salaries Amid Poaching Frenzy

“The transfer portal is open for sports lawyers.”
[Subscription Customers Only] Jun 15, 2025; Seattle, Washington, USA; Botafogo owner John Textor inside the stadium before the match during a group stage match of the 2025 FIFA Club World Cup at Lumen Field.

The American Sports Owners Feuding Over a French Soccer Team

John Textor is at odds with Michele Kang and investment giant Ares.
[Subscription Customers Only] Jul 13, 2025; East Rutherford, New Jersey, USA; Chelsea FC midfielder Cole Palmer (10) celebrates winning the final of the 2025 FIFA Club World Cup at MetLife Stadium

Soccer’s ‘Crown Jewels’ Are Devouring Smaller Clubs

Mega conglomerates are feeding a big business machine. Fans are furious.

Featured Today

The Lawyer Steering the NIL Era

In the new era of college sports, Darren Heitner is everywhere.
blake griffin
April 14, 2026

Inside Blake Griffin’s Rookie Season at Prime Video

The six-time All-Star was initially hesitant to enter the media space.
Matthew Schaefer/Front Office Sports
April 10, 2026

Matthew Schaefer Has the Hockey World in His Thrall

The teenage Islanders defenseman cannon-balled into the NHL.
April 9, 2026

College Athletes Are Ignoring NCAA Gambling Bans

“We were going to bet regardless,” says one former D-I athlete.
Apr 17, 2026; Chicago, Illinois, USA; New York Mets relief pitcher Sean Manaea (59) delivers a pitch against the Chicago Cubs during the fifth inning at Wrigley Field.

High-Spending Mets Aren’t Alone in Their Losing Ways

Despite a hefty payroll, the club’s losing streak is its longest since 2004.
April 17, 2026

Padres Sale Set to Break MLB Record With $3.9B Deal

The buyer is the cofounder of investment giant Clearlake.
April 17, 2026

Liberty Stars Are Taking Major Pay Cuts to Chase a WNBA Title

The new CBA makes it harder for teams to sign multiple max players.
Sponsored

From Gold Medalist to Business Founder

Allyson Felix on investing in women’s sports and what comes next for track & LA28.
Apr 15, 2026; Inglewood, California, USA; Golden State Warriors forward Draymond Green (23) steals the ball from Los Angeles Clippers forward Kawhi Leonard (2) in the final minutes of the game of the play-in rounds of the 2026 NBA Playoffs at Intuit Dome
April 16, 2026

Thunder Rack Up Another Lottery Pick With Clippers Play-In Loss

L.A. hands over its pick while scandal still hangs over the team.
April 10, 2026

Billionaire Broncos Owners Buy 40% of Rockies

The Rockies have finished last in the NL West four straight years.
April 8, 2026

Pirates Break From Frugal Past With Record $140M Konnor Griffin Deal

The low-budget club signs the rookie phenom to a historic contract.
April 7, 2026

Three MLB Teams Move Games to Avoid Cold Weather

The Guardians, White Sox, and Mets are moving night games.