New Chelsea owner Todd Boehly was allowed to hold off £100million in the purchase of the club as insurance in case "unforeseen liabilities" arose from the Roman Abramovich era.
Chelsea are confident that no financial fair play rules have been broken, but the £100million was held back in case any other "unforeseen liabilities" from the Roman Abramovich era were inherited. In a statement to the Times, a Chelsea spokesman said: "It is not unusual in these types of transactions, particularly deals completed in an accelerated time frame, to withhold an amount related to any unforeseen liabilities that may arise from transactions that occurred prior to the sale."
If no liabilities arise then that £100million is then paid to the seller, in this case into the charitable foundation with the rest of the purchase price. This comes after the American finally confirmed the deal to own the club just a few weeks ago. The ownership saga lasted three months for the Blues, starting with Abramovich’s desire to sell the club in March.
