Chelsea Premier League future in doubt over Abramovich loan as takeover bid 'rejected'

Abramovich announced his intention to write off a £1.6billion loan owed to him by Chelsea, pledging all proceeds to victims of the war in Ukraine – but there are fears among government ministers that the oligarch has changed his mind., bidders have been told that the loan, which is in a trust in Jersey, must be repaid upon purchase of the club.

Moreover, the special license allowing the Blues to operate expires on May 31 and, if new owners are not in place before then, the club faces an existential crisis. “If they are not in a position to do that, this would be unprecedented, but they may not be in a position to remain members of the Premier League. It really is crucial.

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Chelsea sale in doubt as Roman Abramovich expects £1.5bn loan to be frozenFears are thought to have been raised in Government that Abramovich could insist on his loan being repaid, which could jeopardise the sale Will be interesting to see what Chelsearory thinks about this.
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Chelsea sale under threat over fears Roman Abramovich wants £1.6bn loan repaidThe sale of Chelsea has hit a serious obstacle over fears that Russian-born owner Roman Abramovich is attempting to renege on his promise to write off a £1.6 billion debt Don’t blame him.. Let’s see how many fans stay loyal to Chelsea when they have no money and can no longer sign elite players then go down the league and down..
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