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Who is Hansjörg Wyss, the Swiss billionaire in line to buy Chelsea FC?

According to media reports, Swiss billionaire Hansjörg Wyss is set to buy Chelsea FC, with the club put up for sale as a likely consequence of sanctions on Russia. But who is he - and is the sale likely to happen?

Chelsea's home ground at Stamford Bridge. By Vespa125125CFC at English Wikipedia, CC BY-SA 3.0,
Chelsea's home ground at Stamford Bridge. By Vespa125125CFC at English Wikipedia, CC BY-SA 3.0,

The Ukraine conflict and Russian sanctions have forced Chelsea owner Roman Abramovich’s hand, with the Russian billionaire announcing he is set to sell the club he has owned for two decades. 

The motivation for the deal has been intensely debated, with some arguing Abramovich is looking to protect his best-known asset from Russian sanctions, the identity of a prospective buyer has emerged: Swiss billionaire Hansjörg Wyss. 

Wyss told the media on Tuesday he’d been sounded out about a potential purchase, telling Swiss tabloid Blick “like all the other oligarchs, he is panicked. Abramovich is currently trying to sell all his villas in England. He also wants to get rid of Chelsea quickly.”

Who is Hansjörg Wyss and how did he make his billions? 

Wyss, 86, was born in Bern in 1935 and later moved to Zurich where he studied at the Swiss Federal Institute of Technology. 

He came from relatively modest beginnings, with his father a calculator salesman and his mother a writer. His sister, Hedi Wyss, is also a writer. 

Wyss later relocated to the United States, where he has lived since the 1960s. 

German magazine Welt notes he spent much of his life “as a phantom”, rarely giving interviews and living incognito on a large property in the US state of Wyoming. 

Like many billionaires Wyss has several sources of income, although his main money spinner was the medical device company Synthes. 

Wyss founded Synthes in the 1970s and oversaw its growth, before selling it for approximately CHF20 billion to pharmaceutical company Johnson and Johnson in 2012. 

How much money does Wyss have and can he afford Chelsea?

Despite his significant income, Wyss’ net worth is estimated at ‘only’ CHF5.3 billion as at 2022. 

Wyss has donated hundreds of millions of francs over the years to a variety of causes, including climate and conservation initiatives, while he also makes significant contributions to universities like Harvard and Cambridge. 

Forbes magazine described Wyss as “one of the most philanthropic people in the world”. 

While that might sound like an awful lot of money, it is unlikely Wyss can afford Chelsea on his own. 

While Abramovich bought Chelsea for roughly CHF180 million in 2003, the club has been valued as high as CHF4.9 billion. 

Given the amount of money necessary to keep a club running – Abramovic is believed to have invested CHF1.8 billion into the club over the years – it is clear that Wyss would be unable to purchase the club on his own. 

Wyss has admitted as much, with the Bernese telling Blick he has asked Abramovich to lower the asking price. 

“We do not yet know the exact sale price. I can very well imagine myself joining Chelsea with partners. First I have to look carefully at the conditions. 

“I certainly wouldn’t do such a thing alone. If I buy Chelsea, it will be with a consortium of six to seven investors.”

While the exact identity of the others remains unclear at this point, Blick reports Todd Boehly, owner of baseball side the LA Dodgers is likely to be one member of the ownership consortium. 

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UKRAINE

Rapping, breakdancing Ukrainians win Eurovision in musical morale boost

Ukraine won the Eurovision Song Contest Sunday with an infectious hip-hop folk melody, boosting spirits in the embattled nation fighting off a Russian invasion that has killed thousands and displaced millions of people.

Rapping, breakdancing Ukrainians win Eurovision in musical morale boost

Riding a huge wave of public support, Kalush Orchestra beat 24 competitors in the finale of the world’s biggest live music event with “Stefania”, a rap lullaby combining Ukrainian folk and modern hip-hop rhythms.

“Please help Ukraine and Mariupol! Help Azovstal right now,” implored frontman Oleh Psiuk in English from the stage after their performance was met by a cheering audience.

In the Ukrainian capital Kyiv, the triumph was met with smiles and visible relief.

“It’s a small ray of happiness. It’s very important now for us,” said Iryna Vorobey, a 35-year-old businesswoman, adding that the support from Europe was “incredible”.

Following the win, Psiuk — whose bubblegum-pink bucket hat has made him instantly recognisable — thanked everyone who voted for his country in the contest, which is watched by millions of viewers.

“The victory is very important for Ukraine, especially this year. Thank you from the bottom of our hearts. Glory to Ukraine,” Psiuk told journalists.

Music conquers Europe

The win provided a much-needed morale boost for the embattled nation in its third month of battling much-larger Russian forces.

Mahmood & BLANCO  performing for Italy at Eurovision 2022

Mahmood & BLANCO perform on behalf of Italy during the final of the Eurovision Song contest 2022 in Turin, Italy. (Photo by Marco BERTORELLO / AFP)

“Our courage impresses the world, our music conquers Europe!” he wrote on Facebook.

“This win is so very good for our mood,” Andriy Nemkovych, a 28 year-old project manager, told AFP in Kyiv.

The victory drew praise in unlikely corners, as the deputy chief of the NATO military alliance said it showed just how much public support ex-Soviet Ukraine has in fighting off Moscow.

“I would like to congratulate Ukraine for winning the Eurovision contest,” Mircea Geoana said as he arrived in Berlin for talks that will tackle the alliance’s expansion in the wake of the Kremlin’s war.

“And this is not something I’m making in a light way because we have seen yesterday the immense public support all over Europe and Australia for the bravery of” Ukraine, Geoana said.

British Prime Minister Boris Johnson called the win “a clear reflection of not just your talent, but of the unwavering support for your fight for freedom”.

And European Council President Charles Michel said he hoped next year’s contest “can be hosted in Kyiv in a free and united Ukraine”.

‘Ready to fight’
Despite the joyous theatrics that are a hallmark of the song contest, the war in Ukraine hung heavily over the festivities this year.
 
The European Broadcasting Union, which organises the event, banned Russia on February 25, the day after Moscow invaded its neighbour.
 
“Stefania”, written by Psiuk as a tribute to his mother before the war, mixes traditional Ukrainian folk music played on flute-like instruments with an invigorating hip-hop beat. The band donned richly embroidered ethnic garb
to perform their act.
 
 
Nostalgic lyrics such as “I’ll always find my way home even if all the roads are destroyed” resonated all the more as millions of Ukrainians have been displaced by war.

Kalush Orchestra received special authorisation from Ukraine’s government to attend Eurovision, since men of fighting age are prohibited from leaving the country, but that permit expires in two days.

Psiuk said he was not sure what awaited the band as war rages back home.

“Like every Ukrainian, we are ready to fight as much as we can and go until the end.

Britain’s ‘Space Man’

Ukraine beat a host of over-the-top acts at the kitschy, quirky annual musical event, including Norway’s Subwoolfer, who sang about bananas while dressed in yellow wolf masks, and Serbia’s Konstrakta, who questioned national healthcare while meticulously scrubbing her hands onstage.

Coming in second place was Britain with Sam Ryder’s “Space Man” and its stratospheric notes, followed by Spain with the reggaeton “SloMo” from Chanel.

After a quarter-century of being shut out from the top spot, Britain had hoped to have a winner in “Space Man” and its high notes belted by the affable, long-haired Ryder.

Britain had been ahead after votes were counted from the national juries, but a jaw-dropping 439 points awarded to Ukraine from the public pushed it to the top spot.

Eurovision’s winner is chosen by a cast of music industry professionals — and members of the public — from each country, with votes for one’s home nation not allowed.

Eurovision is a hit among fans not only for the music, but for the looks on display and this year was no exception. Lithuania’s Monika Liu generated as much social media buzz for her bowl cut hairdo as her sensual and elegant
“Sentimentai”.

Other offerings included Greece’s “Die Together” by Amanda Georgiadi Tenfjord and “Brividi” (Shivers), a duet from Italy’s Mahmood and Blanco.

Italy had hoped the gay-themed love song would bring it a second consecutive Eurovision win after last year’s “Zitti e Buoni” (Shut up and Behave) from high-octane glam rockers Maneskin.

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