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Abramovich’s impasse cast new doubt on Chelsea’s takeover

Abramovich's impasse cast new doubt on Chelsea's takeover

Abramovich’s impasse cast new doubt on Chelsea’s takeover

Chelsea’s takeover is in ‘fresh question,’ following a renewed standoff between owner Roman Abramovich and government officials over the deal’s terms.

Abramovich’s 19-year reign as Chelsea owner appeared to be coming to an end earlier this month when a £4.25 billion deal was struck with an American consortium led by Los Angeles Dodgers co-owner Todd Boehly.

According to Sky Sports, the deal is now in ‘new question,’ with the Government still waiting for assurances from Abramovich on where the revenues will go.

Due to the current scenario, it is currently unclear whether a special license required to authorise the sale will be provided before the end of the month deadline. Chelsea might be kicked out of sporting contests next season if no agreement is reached, and the club could face administration.

Chelsea are currently functioning under a special license as a result of Abramovich’s sanctions following Russia’s invasion of Ukraine.

Abramovich announced ahead of the sanctions that he planned to wipe off a £1.5 billion loan to Chelsea and donate the entire net profit from the club’s sale to charities supporting victims of the Ukraine conflict.

Russian officials have maintained that this is still the case, despite the fact that government officials claim they have not received “adequate assurances or binding legal obligations.”

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