Even at this 11th hour and 59th minute, is it too late to save Dr Liam Fox? With the Cabinet Secretary Sir Gus O'Donnell due to report to the PM today on Foxy's friendship with Adam Werritty, pray God someone instantly alerts Sir Gus to this rebuttal of the damaging charge that, in Mr Werritty's company, he met with the American director of a private equity firm with commercial links to the Ministry of Defence. The good doctor insists this pow-wow in a Dubai restaurant came about purely by chance – and before cynics sneer and sneerers sin, there is a compelling precedent for such a defence.

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Independent Crossword

Chelsea: we are 'strong' despite £70m losses in Double season

Club heavily in the red last year but happy to press on with planned multimillion outlay on striker Torres

Sam Wallace: Eight years in and Abramovich has reverted to his original strategy – splashing the cash

Talking Football: When the dust has settled on most of Abramovich's big decisions at Chelsea you can just about see the cold, hard logic. But it is harder this time

Abramovich offers cash backing for Ancelotti

Roman Abramovich has assured Carlo Ancelotti that his job is safe for now in the wake of Chelsea's 1-0 defeat to Wolverhampton Wanderers on Wednesday that has left them with 10 points from the last 11 games. Ancelotti will also have the funds to bid for Benfica defender David Luiz this month.

Ex-Chelsea boss Peter Kenyon wins damages

The former Chelsea FC chief executive Peter Kenyon has accepted £20,000 damages over a claim he had allowed his judgement to be influenced by a "catfight" involving his girlfriend. Mr Kenyon and Chelsea FC plc brought libel proceedings over a story in the Daily Mail in September 2008.

Huang pulls out of takeover as bank's frustrations grow

Kenny Huang, the Hong Kong businessman who led the first and arguably most credible bid to take over Liverpool, last night ended his interest in the club.

Gartside: 'Capello is still right man for England'

Key FA board member gives support to manager who remains keen to stay in job

In search of a polite kind of rebellion

How is the Coalition playing in the Tory shires? Paul Vallely finds out – after a tetchy start

Sam Wallace: A righteous anger that was hitherto absent

Punishing people on the basis of their private lives is a tricky business indeed

Ronaldinho shows Ferguson what he has been missing

Rejuvenated Brazilian was a transfer target the United manager failed to land

Chelsea almost debt free

Roman Abramovich has all but wiped out Chelsea's £340m debt, according to financial figures released by the Barclays Premier League leaders.

James Lawton: Ancelotti busy building second empire

Chelsea's awesome display puts in stark contrast the dwindling horizons of those former giants of the game, Liverpool and Everton

Everton turn down £14m Chelsea bid to lure rising star Rodwell

Chelsea have made their first significant move since their transfer embargo was suspended by making a preliminary £14m offer for the Everton teenager Jack Rodwell, which has been rejected by the Merseyside club.

Chelsea target £150m deal for Stamford Bridge naming rights

New chief executive arrives with plan to raise funds and shake off club's 'brash' image

Terry holds reins as Chelsea's middle man

John Terry has had more interest than most Chelsea players in the arrival of Ron Gourlay as the successor to Peter Kenyon as chief executive. The night before the announcement of Kenyon's long-expected departure last week, Terry revealed that as club captain he has played an increasingly influential role in pleading with Kenyon and the owner Roman Abramovich for new contracts on behalf of players such as Didier Drogba and Ashley Cole.

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Every second counts

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Matilda Battersby finds out how the clock plays tricks with our minds