Chelsea’s Russian owner Roman Abramovich is unable to profit from the sale of the Premier League club after reports emerged last week that he is seeking loans of £1.5bn for the club to repay.
However, Roman Abramovich recently denied that he does not want his £1.5bn loan to Chelsea to be repaid and has pledged to donate the proceeds from the sale of the club to charity.
In a statement issued Thursday, a spokesperson for Abramovich wrote: “Mr. Abramovich’s intentions regarding donating the proceeds from the sale of Chelsea to charity have not changed.“
“Since the initial announcement, Mr. Abramovich’s team has identified high-level representatives from UN agencies and large global charities who have been tasked with forming a Foundation and establishing a plan for their activities. The lead independent expert has held discussions with government representatives presenting the initial structure and plans”, added the spokesman.
Abramovich, on behalf of his spokesman, also made it quite clear that he has not asked him to repay any kind of loan once Chelsea get their new owners.
“Secondly, Mr. Abramovich has not asked for any loans to be repaid, such suggestions are completely false, as are the suggestions that Mr. Abramovich increased the price of the Club at the last minute. As part of Mr. Abramovich’s aim to find a good custodian for Chelsea FC, however, he encouraged each bidder throughout this process to commit to investing in the Club, including the Academy, the women’s team, the necessary refurbishment of the stadium and maintenance. the work of the Chelsea Foundation.“
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Who is buying Chelsea?
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 absolutely certain that Abramovich will not receive any of the proceeds. The sale is handled by the Raine Group, an investment bank appointed by Abramovich, and he will have the final say on who buys the club.
Chelsea’s government license to operate expires on May 31 and they face the possibility of closing unless the club is sold or the license extended.
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