Get all your news in one place.
100's of premium titles.
One app.
Start reading
Football London
Football London
Sport
Alan Smith

Why Roman Abramovich is still allowed to fund Chelsea amid takeover despite government sanctions

Chelsea's cashflow fears have eased after the government amended the terms of the club's special licence so the Roman Abramovich-owned parent company Fordstam can transfer £30million to cover operating costs.

Last night the Department for Digital, Culture, Media and Sports (DCMS) released a statement saying that rules around ticket sales would be relaxed, allowing away fans to attend Stamford Bridge and for Chelsea supporters to attend away games, but omitted another change within the licence that specifies Fordstam can "pay the club up to £30,000,000 in respect of cashflow or liquidity issues."

That will ease concerns within the club as they await an update from the Raine Group around the selling process. Several prospective buyers were expecting to hear an update from the New York-based bank on Monday but as of Wednesday night were still in the dark. An update could arrive today.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.