Chelsea are hoping to complete a takeover soon with help from the UK government in holding off the £1.6billion owed to owner Roman Abramovich. It comes amid uncertainty surrounding potential new ownership due to fears that the Russian will renege his offer to clear the loan altogether.
The saga is soon entering its third month, having started back in may when Abramovich announced his intentions to sell the club, just before he was sanctioned by the UK government in wake of Russia’s invasion of Ukraine. US banking firm Raine were put in charge of sorting the offers for the club, while they filtered through them to choose a preferred bidder.
They went for Todd Boehly’s consortium, spearheaded by himself and backed largely by American private equity firm Clearlake Capital. While Mr Abramovich has since requested for another £500million for the club, to be donated towards victims of the war in Ukraine, it is believed Boehly has been able to finance that in a restructured deal.
