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Football London
Football London
Sport
Adam Newson

Roman Abramovich loan status clarified in official Chelsea statement on takeover

Roman Abramovich has not asked for any loan to be repaid to him during the sale process of Chelsea, nor has he attempted to increase the price of the club during the takeover, according to a spokesperson on behalf of the Russian.

When Abramovich put Chelsea up for sale at the start of March in the aftermath of Russia's invasion of Ukraine, he stated he would be writing off the £1.5bn debt owed to him in addition to all net proceeds of the sale being donated to a foundation created to help those impacted by the war.

Reports in recent days, however, claimed the UK government, who along with the EU have placed sanctions on Abramovich, feared the Chelsea owner would renege on that pledge to write off the loan and throw the takeover process of the club into doubt. However, in a statement released on behalf of Abramovich this evening, it has been reassured that is not the case and that the money will be frozen.

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