John Terry expects Roman Abramovich to take advantage of the January transfer market and reinforce Chelsea’s squad before the club is banned from trading. Terry believes owner Abramovich will fund new signings for manager Carlo Ancelotti to keep the Premier League leaders on course for their first title since 2006 as injuries and international call-ups take their toll.

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In a remarkable show of charity, ferocious Chelsea striker Didier Drogba has pledged a £3million donation to build a hospital. Drogba is handing over the fee he will receive for becoming the new face of Pepsi. Chelsea, his employers, should have been entitled to a cut from his sponsorship fee as a result of an image rights clause in Drogba’s contract.

Sources close to the remarkable deal also claim there will be a further generous donation by Chelsea owner Roman Abramovich in a personal show of support for Drogba. (more…)

Russian billionaire Roman Abramovich has a rather curious new addition built in to his latest oversized yacht…Ambramovich has installed an anti-paparazzi “shield”.

Lasers sweep the surroundings and when they detect a CCD, they fire a bolt of light right at the camera to obliterate any photograph.

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With Real Madrid and Manchester City having hughe summers in the transfer market, it looks like it’s Roman’s turn to make some waves before the window closes and the season starts. According to the Daily Mail, Roman is looking set to splash out £100 million to land Andrea Pirlo, Sergio Aguero and Franck Ribery. Ribery and Aguero have been on the radars of Man United as well, so there might be some last minute deal making before the season kicks off. Could these signings swing where the title ends up this season?

With Chelsea playing wicked ball, but Chelsea Coach Hiddink promising only to stay the year, The Sun is reporting that current AC Milan coach Carlo Ancelotti has given a promise to Chelsea owner Roman Abramovich to take over the club next year. (more…)

According to Forbes Magazine, Roman Abramovich was the 15th richest person in the world with a worth of over $23.5 Billion in May of 2008.  Since then, things have changed dramatically for the Chelsea owner.

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If you ever wondered how much it cost Chelsea in severance packages when Jose Mourinho and Avram Grant (and don’t forget their staff as well) were fired, now you have the opportunity as Chelsea have announced a 65.7 Million Pound loss for the business year ending June 30, 2008.

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First, he cancelled his NYE party in Aspen. Now there are rumors Abramovich may be contemplating selling either Chelsea FC or his yacht, “Polaris”.  And then comes this; a group of Latvians are offering their entire country up for $10.7 billion, with “plenty of space to dock your yacht”.

Luxist reports..