Home UK & World Chelsea’s takeover is questionable as Abramovich “refuses deal with government”

Chelsea’s takeover is questionable as Abramovich “refuses deal with government”

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Chelsea’s future remains in the air after this latest development


Chelsea The £ 2.6 billion takeover has been called into question Roman Abramovich reportedly refuses to accept the terms imposed by the UK government.

A consortium led by an American tycoon Todd Boli agreed to a deal to buy the club from Abramovich, who was forced to sell after sanctions imposed by the government back in March.

But this sale is now under threat The Timeswho argue that the oligarch refuses to accept the government’s proposed sales structure. The government wants all proceeds from the sale to go to the account before it is satisfied that the money can be transferred to the War Victims Relief Fund. Ukraine.

However, Abramovich and Chelsea reportedly insist that the £ 1.6bn debt that Chelsea’s parent company Fordstam owes Camberley International Investments is first repaid and frozen to the fund.

This is a “red line” for the government, which claims that such an act contradicts the sanctions imposed on Abramovich after the invasion of Ukraine. This is because there would be no legal waivers that would stop the flow of money to the Russian or his beneficiaries.

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Chelsea’s future remains in the air after this latest development

A source in the newspaper’s government was quoted as saying: “The government has a serious concern that the deal could fall apart and that Raman Abramovich is ultimately ready to allow Chelsea to fall apart.

“The government is worried about the gap between what Abramovich said he would do publicly and what he is willing to legally take over as part of the sale process. There are immediate deadlines this week, and if there is no breakthrough, we “I am very concerned that Chelsea’s sale may be postponed until certain sporting dates.”

Chelsea had hoped to complete Beli’s takeover by the end of the Premier League season, but this latest snag could lead to the club’s ownership and future remaining uncertain for some time.

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