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Abramovich’s attempts to regain £1.5bn loan putting Chelsea sale at risk

The sale of Chelsea has been thrown into doubt over disagreements about what will happen to the £2.5billion the club is expected to be sold for. The consortium led by US businessman Todd Boehly is the preferred bidder to buy Chelsea, but the UK government will not allow the sale to go through unless it is completely certain Roman Abramovich will not receive any of the proceeds. Two months ago Abramovich put Chelsea up for sale and said he would not be asking for his loans to the club to be repaid and all the proceeds would go to a charitable foundation for “all the victims of the war in Ukraine”. Abramovich was sanctioned by the government on March 10, preventing him from doing any business in the UK. But the sale of Chelsea is being conducted by the Raine Group, an investment bank appointed by Abramovich, and he will have the final say on who buys the club. The government is aware of attempts to restructure any potential deal in a way which could see Abramovich receive the £1.5b...