What now for Chelsea FC? After the UK government imposed sanctions on Russian owner Roman Abramovich, the club has been denied access to the funds that enabled investment in some of the world's best players and helped it become one of the biggest clubs in European football. No income, either, from ticket or merchandise sales can be made by the club, throwing its short term future into doubt. It's unclear whether Chelsea can even pay its squad and staff next month, such is the punishing nature of the sanctions put upon Mr Abramovich over his ties to the Kremlin and Vladimir Putin in the wake of Russia's invasion of Ukraine. So how will this play out on and off the pitch? We speak to Kieran Maguire who lectures in football finance at the Liverpool University; Justine Walker, an anti-money-laundering compliance specialist based in the UK; Jai McIntosh, a sports writer and Chelsea fan and former Chelsea player Pat Nevin. The programme is presented by Ed Butler and is produced by Elizabeth Hotson and Russell Newlove.Picture: Chelsea FC's crest Credit:PA
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Folge vom 16.03.2022Penalties for Chelsea?
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Folge vom 15.03.2022War in the time of cryptoFinancial sanctions are being used against Russia for its invasion of Ukraine so we’re exploring the role of cryptocurrency in the war. Is crypto being used to evade sanctions as assets are sezied and bank transactions blocked? Or is it simply a means of survival for millions of people in the region who can’t access any other forms of money? We find out by talking to Gaby Hui from Merkle Science, former US government advisor Ari Redbord head of legal and government affairs at TRM labs, Artem Afian a Ukrainian lawyer who has compiled a blacklist of crypto wallets connected to Russian politicians, Sir Julian Lee, former EU commissioner for the Security Union and Sandra Ro, CEO of the Global Blockchain Business Council - a non-profit organisation focused on developing the blockchain industry. Presented by Tamasin Ford and produced by Clare Williamson. (Image: Representation of Bitcoin and Russian flag, Credit: Getty Images)
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Folge vom 14.03.2022Emotional and financial complications of fundraising during warAs Russia’s war in Ukraine continues, people across the country prepare for the possibility of a long, drawn out conflict.. Some, are determined to help their loved ones survive. But sending aid to a war zone isn't easy. Not just because access to cash locally is often hard to come by, but rules around fundraising are complicated.Olia Hercules, cookbook author and chef, explains how, over the past two weeks, she’s rushed to fundraise and send protective gear to her brother fighting on the front lines in Kyiv. Like so many others, she ran into problems getting money where it needed to go. James Maloney, a partner at London-based law firm Farrer & Co. tells of the legal parameters charities can operate and fundraise for relief efforts. And, we hear from Mike Noyes, director of humanitarian aid at Action Aid UK who is leading the effort to help women and children fleeing the war at Ukraine’s border with Poland.Photo: Victoria Craig/BBC Olia Hercules sits with her friends, showing them a video message from her brother after he received protective supplies she raised funds to procure and send him.
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Folge vom 11.03.2022How much is the Ukraine war costing Russia?Munitions, equipment losses, sanctions, isolation - Vladimir Putin's decision to invade has come with a rapidly increasing price tag. Just the cost of prosecuting the war is proving astronomical, as Edward Arnold of military think tank RUSI tells Ed Butler. Then there's the economic blowback - the freezing of the central bank's reserves, the exclusion from international finance, the boycotting by key international companies. Over the coming months, Russian industry could grind to a halt, while citizens could face food shortages, according to economist Maxim Mironov of IE Business School. Take the example of aviation - soon half the planes in Russia could be grounded for lack of spare parts, says consultant Rob Watts of ACC Aviation. But will this be enough to convince Putin and the political elite around him to pull out of Ukraine? The Ukrainian political scientist Olga Chyzh says don't hold your breath.Producer: Laurence Knight(Picture: Troop train carrying Russian tanks; Credit: Russian Defence Ministry\TASS via Getty Images)