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  • Sports - Football - Transfers
  • Updated: May 04, 2022

Chelsea Face Extinction If Takeover Talks Fall Through With Abramovich's New Request

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Oladimeji Balogun
Oladimeji Balogun

Oladimeji Balogun is a graduate of the University of Ilorin where he studied Microbiology, he is a w...

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Chelsea face expulsion from Premier League next season if takeover talks fall through after Roman Abramovich demanded the £1.6billion loaned to the club through an investment vehicle be repaid in full as part of the sale.

LA Dodgers co-owner Todd Boehly is understood to be the preferred bidder after being selected by Raine Group.

But there is a risk of talks folding and any deal being blocked as Chelsea are now demanding a change in the process.

Abramovich initially said he did not want his mega-money loan back.

But the Blues now argue that the debt “owed” to Abramovich through the club's parent company Fordstam should be sent as part of the proceeds of sale to Jersey-based Camberley International Investment.

Abramovich's name does not appear on any financial listings of the Channel Islands concern but it is believed he is linked to the company.

The United Kingdom Government believes the Russian would be banking a significant portion of the sale funds, despite his previous public statements insisting that was not a concern or interest.

But ministers have made it clear that they will not accept the Russian benefitting in any way from the process after he was placed on the UK sanctions list for his support of Vladimir Putin's invasion of Ukraine.

The idea that Abramovich or a related company will be able to walk away with £1.6bn - albeit money that he has previously loaned the club over the past 19 years - was described tonight as “a non-starter”.

It has been reiterated to Chelsea that the club's operating licence only runs until May 31 and that the club is now, genuinely, on borrowed time.

Unless a deal that is acceptable to the Government - and which ensures Abramovich does not receive the cash - goes through by that date, the possibility of the club being banned from the Premier League is a real one.

And it may even end up consigning 117 years of Stamford Bridge history to the scrapheap.

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Oladimeji Balogun
Oladimeji Balogun

Oladimeji Balogun is a graduate of the University of Ilorin where he studied Microbiology, he is a w...

More From this Author

English Premier League 2021/2022 TABLE

English Premier League
No Teams P Pts
1 Manchester City 38 93
2 Liverpool 38 92
3 Chelsea 38 74
4 Tottenham Hotspur 38 71
5 Arsenal 38 69
Full Table

SPORTS SPOTLIGHT

Chelsea
Chelsea

Chelsea Football Club are an English professional football club based in Fulham, London. Founded in 1905, they compete in the Premier League...

Russia
Russia

Russia National Football Team represents the Russian Federation in men's international football and it is controlled by the Russian Foo...

Ukraine
Ukraine

Ukraine National Football Team represents Ukraine in men's international football competitions and it is governed by the Ukrainian Asso...

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