Chelsea in race against time to complete sale as issues mount - sources
Chelsea are facing a race against time to sell the club after the U.K. government insisted the transaction must be completed by May 31, sources have told ESPN.
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Chelsea are facing a race against time to sell the club after the U.K. government insisted the transaction must be completed by May 31, sources have told ESPN.
British billionaire Jim Ratcliffe has held talks with the influential Chelsea Supporters’ Trust as he waits for word on his last-ditch £4.25 billion ($5.3bn) bid to buy the Premier League club.
Chelsea’s proposed sale to one of a number of bidders has been reportedly held up after owner Roman Abramovich made a claim for the £1.6 billion the club owes him. When Abramovich took over the club he made a series of loans to Chelsea which he had never appeared keen to call in, but which in theory he could have requested from the club.
Roman Abramovich expects his £1.5 billion loan to Chelsea to be frozen when the club's sale is carried out.
Roman Abramovich expects his £1.5billion loan to Chelsea to be frozen when the club’s sale is carried out, the PA news agency understands.
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