Chelsea takeover in doubt as Abramovich 'refuses Govt deal' - News Summed Up

Chelsea takeover in doubt as Abramovich 'refuses Govt deal'


For the latest from the pitch sign up for our football newsletterChelsea's £2.6billion takeover has been thrown into fresh doubt with Roman Abramovich reportedly refusing to accept conditions imposed by the UK Government. However, Abramovich and Chelsea are reportedly insisting that the £1.6billion debt owed from Chelsea’s parent company Fordstam to Camberley International Investments is repaid first and frozen before going to the foundation. This is a 'red line' for the government, who say that such an act would go against the sanctions imposed on Abramovich following the invasion of Ukraine. This is because there would be no legal failsafes to stop the money going to the Russian or his beneficiaries. There are pressing deadlines this week, and if there isn't a breakthrough, we're quite concerned that the sale of Chelsea could be timed out by certain sporting deadlines."


Source: The Star May 16, 2022 16:56 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */