Tuesday, June 28, 2022

Chelsea sale: Government accuses Abramovich of questioning deal

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The sale of Chelsea has reportedly been thrown into doubt as the government has yet to receive any assurances from Roman Abramovich on the terms of an agreed deal.

Abramovich, who has owned Chelsea for 19 years, announced his intention to sell the club in March after sanctions were imposed on the billionaire following Russia’s invasion of Ukraine.

A consortium led by Todd Boehly agreed a £4.25billion deal last month, but a number of reports now suggest that could be in jeopardy.

Multiple outlets suggest there are concerns within government over the destination of the sale proceeds and that Abramovich may be willing to let Chelsea “go under”.

This was announced by a source within the government The times: “There are pretty serious concerns in government that the deal could fail and that Roman Abramovich is ultimately ready to let Chelsea go under.

“The government is concerned about the gap between what Abramovich has said publicly and what he is willing to legally commit to as part of the sale process. There are pressing deadlines this week and unless there is a breakthrough, we are quite concerned that certain sporting deadlines could exceed the sale of Chelsea.”

Abramovich has previously explained that he has not asked for a £1.6billion loan from the club to be repaid once the sale is complete, but he has Sky news report that there are now concerns about the fate of this loan.

Chelsea were able to operate under a government license during the club’s sale and will need a special license to complete the sale.

This must be issued by the end of May.

If the sale doesn’t go through, Chelsea could be banned from club competitions next season.

The BBC suggests Chelsea may not be granted a license to play in the 2022/23 Premier League season if the deal isn’t finalized by early June.

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