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Roman Abramovich loan status clarified in official Chelsea statement on takeover

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SPORTS NEWS: Roman Abramovich loan status clarified in official Chelsea statement on takeover [New Sports News] » Naijacrawl
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Roman Abramovich has not asked for any loan to be repaid to him during the sale process of Chelsea, nor has he attempted to increase the price of the club during the takeover, according to a spokesperson on behalf of the Russian.



When Abramovich put Chelsea up for sale at the start of March in the aftermath of Russia's invasion of Ukraine, he stated he would be writing off the £1.5bn debt owed to him in addition to all net proceeds of the sale being donated to a foundation created to help those impacted by the war.

Reports in recent days, however, claimed the UK government, who along with the EU have placed sanctions on Abramovich, feared the Chelsea owner would renege on that pledge to write off the loan and throw the takeover process of the club into doubt. However, in a statement released on behalf of Abramovich this evening, it has been reassured that is not the case and that the money will be frozen.

Published on Chelsea's official website, the statement read: "Firstly, Mr Abramovich's intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed.
"Since the initial announcement, Mr Abramovich's team has identified senior representatives from U.N. bodies and large global charitable organizations who have been tasked with forming a Foundation and setting out a plan for its activities. The lead independent expert has had conversations with Government representatives presenting the structure and initial plans.

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Todd Boehly’s bid for Chelsea as Premier League approved his takeover bid

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SPORTS NEWS: Todd Boehly’s bid for Chelsea as Premier League approved his takeover bid [New Sports News] » Naijacrawl
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However, the American’s purchase of the club from Roman Abramovich is subject to approval from the UK government.The purchase remains subject to the government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.The board has applied the Premier League’s Owners’ and Directors’ Test (OADT) to all prospective directors and undertaken the necessary due diligence.“The members of the consortium purchasing the club are...
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New owners to double salary of Chelsea midfielder after takeover

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SPORTS NEWS: New owners to double salary of Chelsea midfielder after takeover [New Sports News] » Naijacrawl
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Mason Mount will receive a massive pay raise after the Todd Boehly group completes its acquisition of Chelsea, according to SportMail.The 23-year-old has established himself as an important member of both the Blues and England squads.Mount led the Premier League with 11 goals and 10 assists this season.The only Chelsea player to score in both games was the England midfielder.Despite his outstanding season, he remains one of the club's lowest paid players, earning £8...
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Premier League Approve Todd Boehly-Led Takeover of Chelsea

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SPORTS NEWS: Premier League Approve Todd Boehly-Led Takeover of Chelsea [New Sports News] » Naijacrawl
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The Premier League has given its approval to Todd Boehly's consortium's proposed takeover of Chelsea.The transaction is anticipated to be completed later this month by a group led by US businessman Peter Boehly and supported by Clearlake Capital Group, Hansjorg Wyss, Mark Walter, and others. They are currently pending UK government permission.The Premier League Board accepted the Todd Boehly/Clearlake Consortium's proposed takeover of Chelsea Football Club on Tuesda...
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