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Chelsea moneybags in more ways than one

Chelsea moneybags in more ways than one

(4 May 2006 – UK) In a move that might raise eyebrows among AFL, NRL and Super 14 clubs, English Premier League champions Chelsea Football Club has launched a new web portal that will provide independent financial advice on savings and investments to its 3.8 million fans. The new venture will be launched under the Chelsea FC Money monikor, with a website called mymoneypal. Chelsea FC will receive a percentage of the gross income generated from commission or fees from products sold.

The website will also push the club’s MBNA Euro Bank credit card, as well as personal loan facility and savings accounts in conjunction with the Britannia Building Society.

"We believe Chelsea FC Money can give our fans a unique opportunity to help tailor and control their finances to their needs. It is a complete lifestyle online offering with the ability to research and get financial advice on work, family, health, investment and retirement issues," Chelsea chief executive Peter Kenyon said.

It is unclear as to whether Chelsea FC owner, Russian oil billionaire Roman Abramovich will use the service.
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