Government have received legal guarantees that Roman Abramovich will not benefit from the ?4.25bn sale of Chelsea; money will be held in a frozen bank account; deal will bring Abramovich’s 19-year ownership of Chelsea to an end
Monday 23 May 2022 23:25, UK
The government is expected to approve Todd Boehly consortium’s takeover of Chelsea within the next 24 hours.
They have now received legal guarantees that Roman Abramovich will not benefit from the sale of Chelsea meaning that they can approve the ?4.25bn deal.
Sky Sports News understands that the proceeds of the sale are going into a frozen bank account controlled by the government.
Abramovich is also sanctioned by the European Union and, as he has a Portuguese passport, the sale has to be approved by the Portuguese authorities. It is expected the deal will be signed off on Tuesday.
The deal will bring an end to Abramovich’s 19-year ownership of Chelsea, in which the club has won 21 major trophies.
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Boehly, co-owner of the LA Dodgers baseball team, and fellow consortium member Hansj?rg Wyss were at Stamford Bridge for Sunday’s final 1-1 draw with Watford.
The news will be a boost for Thomas Tuchel’s side as they have been unable to buy or sell players or negotiate new contracts with players due to the restrictions imposed on Abramovich over his alleged links to Vladimir Putin’s regime.
Chelsea are currently operating on a special licence issued by the government which expires on May 31st.