Football
Good news for Chelsea fans as Abramovich strikes deal with UK Government
Abramovich and Raine representatives had a long meeting with the government that got them to agree on a different usage of the funds raised by the sale.
After so much uncertainty about the club’s fate, Chelsea FC fans can rest easy as Roman Abramovich has reportedly struck a deal with the UK Government to sell the club.
According to The Daily Telegraph, the Russian was finally able to get through to Parliament and will get to offload the club amid the many sanctions imposed on him over the last two weeks.
Abramovich has been signalled as one of the many Russians with ties to President Vladimir Putin.
This report confirmed that Abramovich instructed The Raine Group – the merchant bank that is currently overseeing the sale – to keep the process going and find an ideal buyer in order to complete the takeover.
This report added that Abramovich and Raine representatives had a long meeting with the government that got them to agree on a different usage of the funds raised by the sale.
The potential buyer also has to agree to these terms, this deal will need authorization from Prime Minister Boris Johnson himself.
It is still unclear what the funds will be used for but chances are that the money collected from this sale will go to aid for all Ukrainian families affected by the Russian invasion to their country.
There is a set deadline for next week’s Tuesday as Abramovich is widely expecting the potential buyer to come forward and complete a quick sale.
According to various reports, there are three American. Based consortiums that are leading the way in the attempt to buy the London club.
There is an alleged £2 billion offer from the Todd Boehly-led group and another £2.5 billion offer that doesn’t have a disclosed buyer.
Raine already confirmed they will be waiting to hear a proper offer for the club from now until the Tuesday delaine so anything can happen from now until then.
In Ireland, Connor McGregor already made his offer but it’s far below what the other candidates have. If the UFC legend wants to buy Chelsea, he will have to upgrade his current offer of £1.5 billion.
It is believed that an acceptable offer would be around £3 billion in order to consider it properly.
However, the club’s dire situation could push them to accept a lower offer than that.