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Government open negotiations with Roman Abramovich’s advisers over selling Chelsea – with Downing Street keen to push through fast after Russian was sanctioned… but owner has to agree to writing off £1.5bn loans without receiving a single penny!
- American bank The Raine Group paused the sale of Chelsea after Roman Abramovich was sanctioned on Thursday
- The government regard a quick sale as the best outcome for Chelsea and its fans
- Downing Street are ready to grant a special licence to The Raine Group to complete the sale
- Abramovich has altered his tactics numerous times since Russia invaded Ukraine two weeks ago
The government have opened negotiations with Roman Abramovich’s advisers over the terms of the sale of Chelsea, which Downing Street is eager to push through as quickly as possible.
American bank The Raine Group paused the sale after Abramovich was sanctioned on Thursday, but there are numerous bidders willing to pay over £2billion for the club, if the Russian agrees to terms dictated by the government.
The government regard a quick sale as the best outcome for Chelsea and its fans, but for that to happen Abramovich would have to agree to writing off loans of over £1.5bn without receiving any of the proceeds.
The government are ready to grant a special licence to The Raine Group to complete the sale, although they would retain oversight of the process and are likely to demand that all the money raised be given away to charities linked to Ukraine.
Abramovich’s thinking is difficult to discern as he has altered his tactics numerous times since Russia invaded Ukraine two weeks ago.
His initial plan to hand of the running of the club to the Chelsea Foundation collapsed within 48 hours due to objections raised by the…
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Source : dailymail
