Chelsea takeover ‘on verge of being approved’ as ‘Roman Abramovich’s lawyers arrive at a solution which should satisfy Treasury officials’ over a potential stumbling block to the £4.25BILLION deal
- The Chelsea takeover had been plunged into doubt over a £1.6bn loan
- Reports now suggest a solution has been agreed, allowing the deal to go ahead
- The Premier League are reportedly close to giving the takeover the green light
Concerns over the Chelsea takeover appear to have eased after a legal resolution was reportedly found over a potential stumbling block to the deal, which is now on the verge of being approved.
A consortium led by US investor Todd Boehly have agreed terms on a £4.25billion takeover to end the Roman Abramovich era.
But there had been ‘alarm’ among Government ministers that the deal may be at risk of ‘falling apart’ over the oligarch’s alleged ‘refusal to agree’ to a proposed sale structure.
Chelsea recently confirmed a consortium led by Todd Boehly had agreed a deal to buy them
With the final deadline for an agreement to go through a fortnight away, negotiations looked to have hit another snag over the £1.6billion owed by Chelsea’s parent company, Fordstam Ltd, to Jersey-registered Camberley International Investments, a company with suspected links to Abramovich.
But The Times, citing a source close to Abramovich, reports the Russian oligarch insisted on Tuesday evening that lawyers have arrived at a solution which should satisfy Government officials.
The Government can now allow the deal to go through as a result of the resolution being found.
The Premier League is believed to be close to giving the takeover the green light, ending a turbulent period for the club after it was plunged into crisis by sanctions placed on Abramovich following the Russian invasion of Ukraine.
More to follow.