Roman Abramovich loan status clarified in official Chelsea statement on takeover
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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Premier League Approve Todd Boehly-Led Takeover of Chelsea
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...
Premier League set to take final decision on Chelsea takeover
According to ESPN, the Premier League is expected to approve the Todd Boehly-led consortium's takeover of Chelsea.However, while talks between current owner Roman Abramovich and the UK government continue, a major sticking point remains.Although the process is still underway, it is expected that the proposal led by Los Angeles Dodgers part-owner Boehly would pass the league's Owners and Directors' Test (OADT) in the coming days.However, Abramovich and the government...
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