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Chelsea could be burdened by debt "for the next 50 years", Lord Sebastian Coe has warned.

The club was put up for sale by Roman Abramovich following Russia's invasion of Ukraine. Sanctions were then imposed on the Russian billionaire by the UK government over his alleged ties to Vladimir Putin.

The sanctions mean the club cannot process any financial transactions and are having to operate under a special operating licence. Lord Coe was part of Sir Martin Broughton's bid to buy the club before the British tycoon was ruled out of the running and has now fired a warning to the Government to find a resolution to the club's sale soon.

It comes as the club is just days away from potentially being kicked out of the Premier League. And Sir Jim Ratcliffe has broken his silence over his attempts to buy the Stamford Bridge outfit as he insisted he is "not giving up" over his £4.25bn offer.

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Sir Jim Ratcliffe has insisted he is "not giving up" over his bid to purchase Chelsea.

Britain's richest man still retains hope of purchasing the club despite the Todd Boehly consortium reportedly being handed preferred bidder status last week. That news came just as Sir Jim increased his offer to buy the Blues to £4.25bn.

According to