The government is concerned that the £4.25bn takeover of Chelsea could collapse because of Roman Abramovich’s alleged refusal to accept a new sale structure proposed by ministers.
With the deadline for the deal to be completed less than a fortnight away Whitehall insiders have said there are fears of Chelsea going out of business.
The government is determined that none of the proceeds from the club being sold to Todd Boehly’s consortium go to Abramovich, who put the European champions up for sale when he was hit with sanctions after Russia’s invasion of Ukraine.
Chelsea, whose special operating licence expires on May 31st, require government approval before the deal goes through. But talks over what will happen to Abramovich’s £1.6bn loan to the club have stalled, heightening concerns over the deadline for the sale being missed.
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- May 17, 2022
