27.5 C
Monday, March 20, 2023

Chelsea takeover on verge of collapse

Must read

Listen now
- Advertisement -
- Advertisement -

There are fears that the Chelsea takeover could collapse as owner Roman Abramovich is demanding £1.6 billion to recoup the loans amid UK  ban

Roman Abramovich has been sanctioned by the UK government over his links with Russia amid the war on Ukraine.

Read Also: Chelsea Takeover: Raine Bank to name preferred bidder

The London club whittled down potential new owners down to a list of three before one of the richest men in Britain Sir Jim Ratfcliffe threw his hat into the ring.

But according to The Times, there could be a big spanner thrown into the works.

Abramovich is reportedly “attempting to renege on his promise to write off a £1.6 billion debt”.

This is despite the 55-year-old saying he would not be asking for any loans to be repaid when he put the club up for sale.

Abramovich is believed to be claiming that the sanctions are preventing him from writing off the debt.

The UK government would likely challenge this.

- Advertisement -
- Advertisement -

More articles


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article