• Loading stock data...
Thursday, February 12, 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.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jul 27, 2024; Vancouver, British Columbia, CAN; Wrexham AFC defender Max Cleworth (4) goes up for a header against Vancouver Whitecaps FC during the second half at BC Place.

Wrexham Welcomes Private-Capital Giant Apollo As Minority Owner

It’s the PE firm’s second soccer investment since launching Apollo Sports Capital.
Nov 23, 2025; Inglewood, California, USA; Tampa Bay Buccaneers wide receiver Tez Johnson (15) poses for a television camera after scoring a touchdown against the Los Angeles Rams during the second quarter at SoFi Stadium.

Fubo-NBCUniversal Is Latest Carriage Dispute to Hit Subscribers

NBCUniversal channels are now gone from the streaming-based service.
Oct 12, 2025; Tottenham, United Kingdom; The Golden Cockerel at Tottenham Hotspur Stadium during an NFL International Series game.

Tottenham Insists It’s Not for Sale As Buyers Circle

“Everyone knows damn well they’re for sale,” one source tells FOS.

Featured Today

Epstein Emails Show His F1 Ties Ran Deep

The sex trafficker’s circles included many of the biggest names in F1.
February 6, 2026

Milan’s Olympic Village Is Built for Performance—and Partying

Making Milan’s Olympic Village was a five-year sprint.
February 5, 2026

Welcome to the Prediction-Market Super Bowl

Hundreds of millions of dollars are being traded across many platforms.
Feb 1, 2026; Santa Clara, CA, USA; New England Patriots players arrive prior to Super Bowl LX at San Jose Mineta International Airport.
February 3, 2026

Private Equity Has Reached the Super Bowl

The Patriots are one of four NFL teams with PE investment.
Jan 4, 2026; Cincinnati, Ohio, USA; Cleveland Browns defensive end Myles Garrett (95) celebrates with safety Donovan McMillon (31) following a sack against the Cincinnati Bengals during the fourth quarter at Paycor Stadium. The play set a new NFL single season sack record by Garrett.

Browns President: We’re ‘Easy to Pick On Right Now’ but Trust Our..

Dave Jenkins oversees a portfolio featuring the NFL, NBA, and MLS teams.
February 10, 2026

Gary Vaynerchuk Wants to Own the Jets—Not Just a 1% Slice

The celebrity entrepreneur wants to own the Jets outright one day.
Feb 7, 2026; Orlando, Florida, USA; Utah Jazz forward Lauri Markkanen (23) defends Orlando Magic forward Paolo Banchero (5) during the second quarter at Kia Center.
February 10, 2026

NBA Teams Ramp Up Their Tanking Efforts Ahead of All-Star Break

Utah’s stars have not been on the court in the final minutes of the last three games.
Sponsored

From AUSL to Women’s Hoops: Jon Patricof on Building Leagues

Jon Patricof on athlete equity, fan-first strategy, and how women’s sports can reshape the future of league building.
February 9, 2026

Major Changes Could Come to Seattle Sports in 2026

The city could also get an NBA team by year’s end. 
February 7, 2026

Eli Manning: Why I Passed On Buying Stake in Giants

Manning told FOS he explored investing in his former team.
Oct 3, 2024; Atlanta, Georgia, USA; Former Atlanta Falcons quarterback Matt Ryan (2) on the sideline before being inducted in the team’s ring of honor at halftime of a game against the Tampa Bay Buccaneers at Mercedes-Benz Stadium.
February 6, 2026

Falcons CEO: Matt Ryan Dual Role With CBS ‘Was Not on the..

Arthur Blank “didn’t want a consultant,” Falcons exec Greg Beadles told FOS.
February 4, 2026

Mavericks Deal Anthony Davis to Wizards One Year After Luka Trade

Trae Young and Davis are both extension-eligible with Washington.