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Gillett "Embarrassed" By Response To Liverpool Financial Woes
Published November 4, 2008
|Gillett Not Proud Of Handling
Of Liverpool Financial Woes
SETTING SAIL? In London, Jonathan Wilson reported Ukraine club Shakhtar Donetsk President Rinat Akhmetov, "Europe's richest man," has "turned down the opportunity to buy" EPL club Portsmouth FC. An intermediary "acting for the club last month approach representatives of System Capital Management, the holding company that controls Akhmetov's other businesses, with a prospectus, but was rebuffed immediately." Portsmouth Exec Chair Peter Storrie "has repeatedly dismissed reports of a financial crisis." Storrie last month said, "We've said all we're going to say about finances. It's getting boring now. It's a boring, boring subject. The club is fine, move on. The owner continues to put money into the club" (London OBSERVER, 11/2).
COST-CUTTING APPROACH: ESPN SOCCERNET reported EPL club Chelsea Owner Roman Abramovich has fired 15 members of the club's staff, including "over half of the club's 25-man scouting department," in a bid to "cut the Londoners' massive costs." A Chelsea spokesperson: "With a total debt of more than [US$1.17B], sacking the [US$158,550]-a-year scouts will only scratch the surface in balancing the books -- something Abramovich wants to see done by 2010" (ESPNSOCCERNET.com, 11/3).