The UK government and Roman Abramovich are yet to find a resolution that would complete the sale of Chelsea Football Club despite reports that the Russian billionaire's team had found a legal solution to the outstanding issue of his £1.6bn loan to the club.
Negotiations continue but a senior government source has described a report from the Press Association that both sides have found "common ground" around how to handle the loan as "premature."
Earlier this week a government source raised concers that Abramovich could derail the takeover because of an impasse around how the £4.25billion deal to sell the club to a group led by US businessman Todd Boehly has been structured. Westminster sources have claimed that Abramovich wants the £1.6bn he has loaned the club since buying it in 2003 sent to a company registered in Jersey called Camberley International Investments. That has been denied by Abramovich's team.
