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Sunday, 8 May 2022

Abramovich finds a buyer for Chelsea + FIFA slaps Senegal with a USD 177k fine after World Cup qualifier matches with Egypt

Abramovich finds a buyer for Chelsea: A consortium led by US businessman Todd Boehly — who owns stakes in the LA Lakers and LA Dodgers — and backed by private equity group Clearlake Capital are purchasing Chelsea FC for GBP 4.25 bn, the English Premier League club confirmed in a statement. The total price tag includes GBP 2.5 bn to buy Russian b’naire and former club owner Roman Abramovich’s shares in the club, which “will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes.” The remaining amount will be earmarked for investments in “Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.” Abramovich had put the club on the market after his inclusion on the sanctions list imposed by Western countries in the wake of the Russia-Ukraine war.

And speaking of football: FIFA has slapped Senegal with a CHF 175k (c. USD 177k) fine for failing to maintain order and safety after fans misbehaved when Senegal played host to Egypt in final of two World Cup qualifier matches back in March, according to FIFA’s Disciplinary Committee (pdf). Individuals among the Pharaohs were also fined a total CHF 6k (c. USD 6.1k) for misconduct during the game.

What the “Frunk”? Your future car could have an awkwardly-named trunk in the front. As the competition between electric vehicles heats up, automakers are promoting their car models’ under-the-hood storage space as a bonus (yet ungracefully named) feature worth grabbing, industry players said, according to the Wall Street Journal. Since EVs don't have a conventional engine and their electric batteries are often placed within the vehicle’s floor, car designers have a chance to play with the additional space — but its choice of name, the “frunk,” has drawn criticism. “It sounds like you’re swearing,” said Rich Scheer, director of design for the GMC Hummer EV. “Like your mom’s going to yell at you for saying it aloud.”

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