Chelsea sale hits major roadblock as Roman Abramovich looks to track back on loan promise
According to The Times (Subscription Required), the sale of Chelsea has hit a major roadblock after Roman Abramovich has changed his plans to break his initial promise regarding the loan given to the club. This update would be a major concern, especially when the process of ownership change has covered a large ground so far.
Abramovich is believed to have loaned £1.6 billion to the Blues to help with the club’s day-to-day running. Following the sanctions, he had promised not to ask the club to repay that amount, but it appears that he is plotting to break his promise after all.
The West London side informed the UK Government and the bidders last week that they want to restructure the sale process. The former wanted to make that change to facilitate the payment of debts from the club’s parent company Fordstam Ltd to a Jersey-based company Camberley International Investments, to whom the Russian oligarch seems to have some links.
More issues?
This latest news is concerning, to say the least, considering how the current licence allowed by the UK Government would expire at the end of this month. We already know how the limitations are put in place to prevent Abramovich from earning any amount from the club right now.
As such, repaying the loans would not go in line with the Government’s plans, which casts further doubts regarding the takeover. Hence, the club’s ability to continue to work smoothly in the future has been thrown into uncertain waters as a result of the latest setback.
This change would have been the last thing we wanted at this stage, looking at how the sanctions have already impacted the club in sporting terms. Antonio Rudiger is set to leave us for free at the end of the current campaign, and we have not been able to even make a case for ourselves.
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Moreover, we still are prevented from engaging in contract talks with our current stars. Not to mention, the situation remains the same when it comes to transfer dealings which makes this change in stance from Abramovich a real concern. After all, we are nearing the end of this season and should the situation remain the same, we would not be allowed to make any moves in the market.
We are put in a dire situation at this moment, resulting in our back being against the wall due to the lack of adequate time. Hence, the club officials must do their best to find a solution to this latest obstacle as it could seriously hamper our future.