Lawyers for Roman Abramovich and the Government still in talks over Chelsea sale

Roman Abramovich remains hopeful of striking a legal resolution to usher through the Chelsea sale but the UK Government is yet to agree any terms, the PA news agency understands.

Lawyers for Abramovich and the Government are understood to remain in talks on how to handle the Stamford Bridge club’s £1.5billion debt to the Chelsea owner.

Abramovich has wanted to write off that debt, but UK Government sanctions blocked that process amid frozen accounts.

Downing Street chiefs are understood to have raised repeated concerns that Abramovich would renege on his pledge to waive those loans, despite detailed assurances and planning from the Chelsea owner.

The Government is understood to be seeking legally binding assurances that Abramovich will in no way benefit from Chelsea’s sale.

Abramovich’s lawyers are understood to be confident that their latest proposals will prove acceptable to Downing Street.

Los Angeles Dodgers co-owner Todd Boehly struck a purchase agreement to buy Chelsea for £4.25bn in the early hours of May 7, having won the ultra-competitive and uniquely public race.

US magnate Boehly met Chelsea managers Thomas Tuchel and Emma Hayes last week and will now hope to complete the takeover with little further delay.

The Premier League must give the final sign-off on Boehly’s consortium through owners’ and directors’ tests, before the Government issues a new licence to allow the sale to complete.

Government approval for the sale should also give the green light for Abramovich’s plan for the proceeds to be donated to a new charitable foundation.

Former UNICEF UK executive director Mike Penrose has been tasked to set up the foundation to provide humanitarian aid, starting with victims of the war in Ukraine.

Penrose