Word: abramoviches
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...proceedings unfolding in Courtroom 76, which pit exiled Russian tycoon Boris Berezovsky against his erstwhile protégé Roman Abramovich, began, appropriately enough, in a designer shop. In October 2007, Berezovsky spotted Abramovich browsing in the Hermes boutique in Sloane Street, close to Abramovich's home and the top London football club, Chelsea, he owns. Berezovsky seized the opportunity, serving a writ on Abramovich that he had carried around with him for six months in the hopes of just such an encounter. (See pictures of Euro 2008 soccer...
Berezovsky is looking for some $3.3 billion from Abramovich. His tangled skein of allegations centers on Sibneft, an energy concern acquired at the end of 1995 by Berezovsky and Abramovich during the privatization of the Russian energy sector, and Rusal, a company formed in 2000 when Abramovich merged his metals businesses with those of Oleg Deripaska, another prominent oligarch. Stakes in Rusal were also held by Berezovsky and a Georgian businessman, Arkady (Badri) Patarkatsishvili...
Berezovsky, whose star rose under Boris Yeltsin and plummeted when Vladimir Putin came to power, alleges that Abramovich persuaded him and Patarkatsishvili to part with their interests in both companies at knockdown prices by warning them that the Kremlin would otherwise seize their assets and they would get nothing at all for them. Berezovsky had already been forced to surrender his media enterprises in Russia and fled the country for Britain in 2001. Berezovsky claims that Abramovich also promised to intercede on behalf of Nikolai Glushkov, a former associate of Berezovsky's who had been arrested on fraud charges...
...which, according to Deloitte, spent $280 million on new players during the January transfer window, more than the amount spent in any of Europe's next four biggest leagues - are again in the mood to shop. The benevolence of billionaires helps. London club Chelsea, bankrolled by Russian oligarch Roman Abramovich, reportedly bid $74 million on June 9 for Atletico Madrid striker Sergio Aguero. Manchester City, owned by Sheik Mansour bin Zayed al-Nahyan, a member of Abu Dhabi's royal family, is also keen to strengthen its squad. (See pictures of soccer's European championships...
...party hosted by Victor Pinchuk, a Ukrainian steel billionaire who owns seven Hirsts and a private art museum. A month later the artist gave a private tour of some of the Sotheby's work to Daria Zhukova, a young, London-based art impresario. Her boyfriend is Roman Abramovich, the Russian owner of Chelsea Football Club, who this year alone was widely presumed to be the buyer of a $33.6 million Lucian Freud that set an auction record for the work of a living artist, and an $86.3 million Francis Bacon that set a record for postwar...