The adviser who helped Russian businessman Roman Abramovich sell Chelsea FC for £4.25 billion ($4.53 billion) says the rapid fall of the British Pound won’t lead to a fire sale of the country’s football clubs. “No one is suffering because of the decline of the pound when it comes to English football,” Raine Group co-founder Joe Ravitch said in an interview at the Forbes Global CEO Conference in Singapore. “The opportunity to arbitrage currency volatility is when there’s a currency mismatch, but most of the money the clubs generate in revenue is in pounds and they pay out salaries in pounds.” The pound’s decline has ... (full story)