Past sins catch up with Chelsea owner Abramovich



It seems fair to assume that the most pressing matter on Roman Abramovich's mind is not the ceaseless trial of Chelsea. He has a far more enervating one of his own.

Chelsea's billionaire owner has spent much of November in London's Royal Courts of Justice, attempting to defend an unprecedented private litigation. At stake is US$5.8billion (Dh21.3bn), some 40 per cent of Abramovich's wealth, and a sum that has forced some extraordinary public confessions.

He is accused of coercing two erstwhile allies - fellow Russian, Boris Berezovsky, and the now deceased Georgian, Badri Patarkashshivili - into selling him stakes in oil and aluminium companies at a price billions of dollars under market value.

Abramovich's defence is that his relationship with the pair was not as a co-owner of businesses that mushroomed in value following "friendly" auctions by the post-communist Russian state, but as a purchaser of political and physical protection.

In pages of testimony, Abramovich claims to have made billions of dollars of "krysha" payments to Berezovsky and Patarkashshivili in return for favourable treatment from the Kremlin and what he labels "resolving problems on the ground".

At one point, Abramovich's describes negotiating a fee for the latter service. "[Mr Patarkashshivili] asked me for $700m," Abramovich said. "I thought that was too much but we both knew it was his starting position. My recollection is I offered $400m ... we ultimately compromised on a figure of $540m."

It is as easy to imagine the Russian's frustration with the court proceedings as it has been to observe his anger at his prodigious spending on Chelsea never quite managing to achieve its goal. His problem with Andre Villas-Boas, however, is an unusual one.

Normally, losing to Manchester United, Arsenal, Liverpool and QPR in your first 12 games as Chelsea manager would spell termination.

Villas-Boas was not Abramovich's first choice to succeed Carlo Ancelotti and had not impressed several senior players.

But Villas-Boas knows his employer has invested more than just the €15m (Dh75.75m) it took to buy out his Porto contract. Abramovich has entrusted him with turning over a squad where player power has grown out of control; one that has aged and fallen behind rivals.

Sacking their 34-year-old manager will not change that. Nor will it make it any easier to recruit someone capable of fulfilling one of the hardest job remits in football. Abramovich is paying for the sins of his Chelsea past; just as the courts pore over those in Russia.

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

MIDWAY

Produced: Lionsgate Films, Shanghai Ryui Entertainment, Street Light Entertainment
Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
Rating: 3.5/5 stars

AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

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The specs: 2017 Maserati Quattroporte

Price, base / as tested Dh389,000 / Dh559,000

Engine 3.0L twin-turbo V8

Transmission Eight-speed automatic

Power 530hp @ 6,800rpm

Torque 650Nm @ 2,000 rpm

Fuel economy, combined 10.7L / 100km

BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

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Rajasthan Royals 153-5 (17.5 ov)
Delhi Daredevils 60-4 (6 ov)

Rajasthan won by 10 runs (D/L method)

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

Top financial tips for graduates

Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:

1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.

2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.

3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.

4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.

The years Ramadan fell in May

1987

1954

1921

1888

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

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Things Heard & Seen

Directed by: Shari Springer Berman, Robert Pulcini

Starring: Amanda Seyfried, James Norton

2/5

Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
Bangladesh tour of Pakistan

January 24 – First T20, Lahore

January 25 – Second T20, Lahore

January 27 – Third T20, Lahore

February 7-11 – First Test, Rawalpindi

April 3 – One-off ODI, Karachi

April 5-9 – Second Test, Karachi