Chelsea

Chelsea FC owner Roman Abramovich has released a statement to clarify the takeover of the club. 

Abramovic has denied reports claiming that he has asked for any loan to be repaid to him while also denying that he raised the price late on into negotiations.

“Mr. Abramovich has not asked for any loan to be repaid to him – such suggestions are entirely false – as are suggestions that Mr Abramovich increased the price of the Club last minute,” a statement released on the Chelsea website and attributed to a spokesperson of Abramovich read.

“As part of Mr. Abramovich’s objective to find a good custodian for Chelsea FC, he has however encouraged each bidder throughout this process to commit to investing in the Club – including in the Academy, Women’s team, necessary redevelopment of the stadium as well as maintaining the work of Chelsea Foundation.

“Following sanctions and other restrictions imposed on Mr. Abramovich by the UK since announcing that the Club would be sold, the loan has also become subject to EU sanctions, requiring additional approvals.

“That means that the funds will be frozen and subject to a legal procedure governed by authorities. These funds are still earmarked for the Foundation.”

The 55-year-old has had sanctions imposed on him by the UK Government since March after his alleged relationship with Russian President Vladimir Putin following the conflict with Ukraine.

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