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What about Russia?

56 2022-03-19 01:14

>>55
On March 10th, the British government finally sanctioned Abramovich, along with six other Russian oligarchs. The Chelsea Football Club can no longer charge for tickets or sign new players, but it can continue to play, and players and staff still get paid; Abramovich just can’t profit from the team. How much will these sanctions accomplish? Not enough, Bullough seems to suggest, given the multitude of tricks available for obscuring transactions. The system, he writes, “derives its power and resilience from the fact it does not rely on any one place: if one jurisdiction becomes hostile, money effortlessly relocates to somewhere that isn’t.”

Ironically, this is the very rationalization that Britain’s butler class has long offered in its own defense: if deep-pocketed foreigners can’t do their business here, they’ll just take it elsewhere. In recent weeks, some have worried that dirty money is so woven into the fabric of British life that, as one parliamentary report from 2020 suggests, it “cannot be untangled.” But many Londoners share another fear, which is that it can—that the money will simply migrate to a more permissive jurisdiction. Dubai, for one, seems positively eager to sink to the occasion. And what becomes of Britain if that happens? The prospects for a post-Brexit economy were looking bleak already. Will Britain find itself, once again, without a role?

On March 5th, Chelsea played Burnley. Prior to kickoff, at Turf Moor, Burnley’s stadium in Lancashire, both teams on the pitch and the fans in the stands paused for a show of solidarity with the people of Ukraine. For a solid minute, everyone stood clapping. In the midst of this, however, a discordant sound could be heard, as visiting Chelsea fans chimed in with a chant of their own. They were singing the name of the club’s beloved owner, who had just announced that he would be selling the team. His largesse is credited with transforming Chelsea from a moribund club to a championship-winning juggernaut. These supporters appeared unfazed by the accusations against him; they were just grateful for his munificence, and sorry to see him go. “Abramovich!” the English fans chanted. “Abramovich!” ♦

Published in the print edition of the March 28, 2022, issue, with the headline “Do Stay for Tea.”

Patrick Radden Keefe, a staff writer at The New Yorker, is the author of “Empire of Pain.” His new book, “Rogues: True Stories of Grifters, Killers, Rebels, and Crooks,” will be published in June.

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