• Loading stock data...
Wednesday, December 31, 2025

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

Heated Rivalry (L to R) - Connor Storrie as Ilya Rozanov and Hudson Williams as Shane Hollander in Episode 104 of Heated Rivalry. Cr. Sabrina Lantos © 2025

Hockey Needed Some Virality. Then Came ‘Heated Rivalry’

No one was prepared for the Canadian show’s smash success.
Rob Manfred
exclusive
December 23, 2025

MLB Teams Fear League Will Pick Winners and Losers in Tech

One company under consideration was founded by a top MLB exec’s uncle.
December 23, 2025

What It Takes to Pull Off Florida’s First Outdoor NHL Game

The Rangers will face the Panthers in Miami’s first NHL Winter Classic.
December 14, 2025

How Pickleball Became One Massive Private-Equity Rollup

Pickleball roads lead back to billionaire Tom Dundon.

Patriots Continue Makeover With First Post-Belichick Division Title

The 13–3 Patriots are in contention for the AFC’s top seed.
Sep 21, 2025; Kansas City, Missouri, USA; Kansas City Royals catcher Carter Jensen (22) hits a two run single against the Toronto Blue Jays during the fourth inning at Kauffman Stadium.
December 23, 2025

Chiefs’ New Stadium Site Is Set. Now It’s Royals’ Turn

The MLB club is also looking on both sides of the Missouri-Kansas border.
December 28, 2025

Bears, Broncos Cap Fast Resets With Titles As Stadium Questions Linger

Chicago clinched the NFC North after the Packers lost to the Ravens.
Sponsored

The CFP Bowl Game Tickets Everyone Wants

The second 12-team College Football Playoff is in full swing and tickets to these games are selling at a premium.
December 23, 2025

Private Equity Bought an F1 Team For Just $200M. It’s Not Selling

Williams is now valued at over $2 billion.
Tilman Fertitta
December 19, 2025

Rockets Owners in Talks to Buy and Move WNBA’s Sun

The Rockets lost out on WNBA expansion but want the Sun.
Dec 18, 2025; Seattle, Washington, USA; Seattle Seahawks quarterback Sam Darnold (14) runs against the Los Angeles Rams in the first half at Lumen Field.
December 19, 2025

Seahawks Clinch Playoff Spot As $100M Sam Darnold Deal Pays Off

Seattle signed the free-agent quarterback last offseason.
Dec 16, 2025; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins center Sidney Crosby (87) congratulates defenseman Erik Karlsson (65) on his goal against the Edmonton Oilers during the second period at PPG Paints Arena.
December 18, 2025

Penguins Sale Would End a Disappointing 4-Year Run Under FSG

An ownership era with high hopes has been marked with underachievement.