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Is Chelsea F.C. about to run out of cash? The banks suspend credit

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With the sudden exit of Russian billionaire Roman Abramovich, banks are nervous as to what the future holds for the famous club

Chelsea officials are in talks with the UK government to discuss how the club can continue to pay staff, operate Stamford Bridge on match days and ensure the club can be sold.

The UK government have given the green light for Chelsea to be sold as the sale process is set to resume despite Roman Abramovich being sanctioned.

The UK government have given the green light for Chelsea to be sold
The UK government have given the green light for Chelsea to be sold

However, there have not yet been any formal bids made to buy the club from Abramovich.

It remains to be seen as to who will be the next owner of the club following Abramovich but Chelsea will be keen to get a deal done swiftly.

UK gives sale go-ahead

Billionaires interested in buying Chelsea Football Club have been told to approach the UK government with potential takeover proposals.

Abramovich was one of seven Russians with close links to Vladimir Putin that the government added to the sanctions list in a move designed to dramatically increase pressure on the Kremlin.

Chris Philp, the digital and technology minister, says Abramovich will be prevented from selling the club but potential buyers could approach the government with proposals to buy the club as long as the Russian oligarch would not benefit from the deal.

“As the licence conditions are written today, the sale would not be allowed,” Philp told Sky News.

“However, if a buyer emerged it would be open to that buyer or to that football club to approach the government and ask for the conditions to be varied in a way that allows that sale to take place.

“To be clear, no proposal would be accepted which saw the proceeds from any sale ending in an unrestricted bank account owned by Abramovich. He can’t benefit from the proceeds of any sale.”

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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ChatGPT creator releases tool to detect A.I. generated text

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OpenAI has released a software tool that can identify if text has been generated by artificial intelligence

The company behind the popular chatbot ChatGPT says it has trained a language model to distinguish between something written by a human, and A.I.

‘AI Classifier’ uses a variety of providers to address issues such as automated misinformation campaigns and academic dishonesty.

The detection tool is very unreliable on texts under one thousand characters, and AI-written text can be edited to trick the classifier.

Many schools across the world have already banned ChatGPT from being used for projects.

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Elon Musk asks court to throw case out

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Twitter CEO Elon Musk has asked a judge in the U.S. to throw out a case against him

 
The suit claims Musk’s delayed disclosure over his large stake in the social media giant defrauded shareholders, who sold out at artificially lower prices.

Musk says investors in the proposed class action have no independent right to obtain damages.

The CEO believes he properly disclosed his stakes in Tesla and the former SolarCity Corp on several occasions, as per requirements.

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Eurostar trains empty with Brexit leading to border delays

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Eurostar boss says peak trains are empty because of post-Brexit passport delays

You can perhaps understand why British residents are becoming increasingly frustrated by Brexit.

During peak hour in London, Eurostar trains are running across the Channel with hundreds of empty places.

Around 350 of 900 seats are normally left unsold on the first services between London, Paris and Brussels despite “huge demand”.

It’s all because border police can’t process passports quickly enough.

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