Abramovich Gives UK Government The Green Light To Sell Chelsea Football Club

Despite the British government’s sanctions, Roman Abramovich has given the go-ahead to sell Chelsea. This is good news for blues fans, as The Telegraph reports that the team might have a new owner in less than six weeks.

Chelsea is no longer his property because the Russian tycoon’s assets have been seized, but he might have claimed the 2,000 million euros in loans made to the club over the last two decades.

Abramovich had declared last week, before he was sanctioned, that he was abandoning the debt collection.

Boris Johnson’s government will now be able to complete the sale of the club without any main obstacles, and will review all offers by the end of next week. 

Chelsea, meanwhile, has issued a warning to Downing Street, claiming that the financial constraints imposed on them are affecting their survival. As a result, it’s expected that the restrictions will be eased in the following days. 

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Stamford Bridge will soon encounter difficulties covering the 33 million euros in monthly bills since their reserves, according to the most recent financial balance, are only 20 million euros, which is inadequate to meet the payments. 

Furthermore, obtaining a loan is difficult due to Chelsea’s frozen bank accounts with Barclays. As a result, the quicker they find a buyer for the club, the faster the transfers will resume. 

Players on alert

The flood of news has forced footballers’ representatives to consult lawyers, with whom they have been in contact, to determine their options if, in the worst-case situation, wages are not paid in the coming months. The players would have to go two months without being paid to “have a fair and unambiguous cause” to terminate their contract, according to the same source.

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