Comments on: UK Tier 1 investor visa by Chinese up 56%. Also Abramovich leaves


katyciarawriter's picture

Tier 1 (Investor) The Tier 1 (Investor) visa is intended for high total assets people who need to migrate themselves and their family to the UK. Just a couple of hundred of these visas are allowed every year and not very many movement firms have a predictable reputation in Investor visa applications.

FreddieGbs1's picture

The Tier 1 investor visa that Abramovich has always used to gain entry to the
UK expired more than three weeks ago, and he has yet to receive a new one
despite the renewal application being filed on time. While his application is
in process he is still legally allowed to be in the country, but he can't
leave or enter and was unable to attend Chelsea's 1-0 win over Manchester
United in the FA Cup final at Wembley on Saturday as reports claimed he was
in Russia already.

------- comment titled:'In terms of the club's day-to' was added on Fri,
2019-01-04 03:32 PM -------

In terms of the club's day-to-day operations, no. Marina Granovskaia runs the
show on the Abramovich's behalf and whether it be Sheikh Mansour (City), Joel
and Avram Glazer (United), Stan Kroenke (Arsenal), Joe Lewis (Spurs) or John
W. Henry (Liverpool), there is nothing unusual about the key decisions of top
Premier League clubs being steered by owners from outside the UK.

------- comment titled:'Even if the UK government' was added on Fri,
2019-01-04 03:33 PM -------

Even if the UK government passed legislation granting themselves the power to
target the assets of wealthy Russians -- similar to the Magnitsky Act in the
U.S. -- he comfortably has the financial means to ensure that any attempted
seizure would likely result in a long and expensive legal battle. In any
case, we are a long way from that messy scenario.

------- comment titled:'These aren't the heady days' was added on Fri,
2019-01-04 03:35 PM -------

These aren't the heady days of the 2000s, but Abramovich is still pumping
money into Chelsea on a yearly basis (£34 million in the 12-month period up
to June 2017, according to respected football finance analyst Swiss Ramble).

It is true the club has made big strides in its push towards sustainability,
recording a profit in three of the last six years.

Revenues have been fortified by spiralling Premier League TV deals, lucrative
new long-term commercial agreements with Yokohama and Nike, and smart player
trading -- Chelsea have averaged a £56m profit on player sales in the last
four years compared to an average of just £13m between 2005 and 2013, per
Swiss Ramble.

But in spite of all this, it's clear that Chelsea would find it significantly
harder to stay competitive at the top of the Premier League without
Abramovich's backing.

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