Roman Abramovich and UK Government reach resolution to push through Chelsea sale

Roman Abramovich and the UK Government have found a legal resolution that should now usher through the Chelsea sale, the PA news agency understands.

Lawyers for Abramovich and the Government are understood to have found common ground on how to handle the Stamford Bridge club’s £1.5billion debt to the Chelsea owner.

Abramovich has wanted to write off that debt since putting Chelsea up for sale on March 2, but Downing Street sanctions blocked that process amid frozen accounts.

Government 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 Russian-Israeli billionaire and his lawyers are now understood to be confident, however, 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 take the Stamford Bridge helm 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 sale’s 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 insisted the foundation could “change the face of