Chelsea deny that Roman Abramovich needs the £ 1.6 billion mortgage again

Chelsea have responded to media hypothesis that present proprietor Roman Abramovich is attempting to return on his promise to jot down off the £ 1.6bn debt he owes, claiming that shouldn’t be the case.

Abramovich apparently claims that the sanctions imposed on him by the British authorities imply that he can’t write off the debt.

The oligarchs put the Blues up on the market when Russia invaded Ukraine, navy motion that has resulted within the deaths of no less than 46,000 individuals. Abramovich first promised to ship proceeds from the sale to charities.

In an announcement launched on Thursday, a spokesman for Abramovich wrote: “Mr Abramovich’s intentions to donate the proceeds of the Chelsea sale to charity have not changed.

“Since the primary announcement, Abramovich’s crew has recognized senior representatives from UN companies and main international charities who’ve been commissioned to kind a basis and current a plan for its actions. The lead impartial professional has held talks with authorities officers presenting construction and preliminary plans.

“Secondly, Abramovich has not asked for a loan to be repaid to him – such proposals are completely wrong – as have the proposals that Abramovich raise the club’s price at the last minute. As part of Abramovich’s goal of finding a good guardian for Chelsea FC, he has, however, encouraged every bidder throughout this process to get involved in investing in the club – including in the academy, the women’s team, the necessary refurbishment of the stadium and maintaining the work of the Chelsea Foundation.

“Following sanctions and different restrictions imposed on Mr Abramovich by the UK since asserting the sale of the membership, the mortgage has additionally been the topic of EU sanctions, which require additional approvals. This implies that the funds might be frozen and topic to authorized proceedings. are nonetheless earmarked for the muse.The authorities is conscious of those restrictions as effectively because the authorized penalties.

Now hearken to the 90mins Chelsea podcast Wherever you’rehost of Olivia Buzaglo. At this week’s present, company Krishan Davis & Anita Abayomi talk about the upcoming lack of Antonio Rudiger, Thomas Tuchel, Reece James and the longer term of the membership as a complete.

“To be clear, Abramovich has no access to or control over these funds and will have no access to or control over these funds after the sale. Despite the changing circumstances since his first announcement – he is still committed to finding a good guardian. for Chelsea FC and ensure that the proceeds go to good causes. “

The consortium led by Todd Boehly is anticipated to turn into Chelsea’s new proprietor and so they consider the sale will go by way of pretty quickly.

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