Chelsea agree route forward with UK Government as Roman Abramovich seeks sale

Chelsea’s sale is expected to progress with Government oversight as bidders have been told to press on with submissions.

Owner Roman Abramovich’s Government sanctions had stalled proceedings, with the Russian-Israeli billionaire’s UK assets frozen.

Chelsea have been handed a new licence to continue operations however, and the Blues are still locked in negotiations with the Government to ease restrictions.

But New York merchant the Raine Group has assessed the terms of the licence and agreed a route forward for the sale with the Government, the PA news agency understands.

Abramovich put Chelsea up for sale on March 2, pledging to write off the Blues’ £1.5billion debt and to divert all proceeds to a new foundation to benefit victims of the war in Ukraine.

The 55-year-old moved to sell Chelsea after 19 years at the Stamford Bridge helm, amid Russia’s continued war in Ukraine.

The Government sanctioned Abramovich after claiming to have proved his direct links to Vladimir Putin’s Russian regime, although Chelsea’s owner has always denied any association.

The Raine Group’s progression of the sale means Chelsea’s suitors can again push forward with their bids to take control of the European and world champions of the club game.

Abramovich was understood to have been ready to work with Government oversight on the sale, and now the Raine Group has completed suitable checks the interested parties can press on.

LA Dodgers part owner Todd Boehly remains well-placed for a purchase, with Chicago Cubs owner Tom Ricketts also understood to be in the running.

British property tycoon Nick Candy has also confirmed his strong interest in buying the Blues and is in the process of building a consortium.

Chelsea saw several credit cards