Chelsea's Premier League future in doubt with fresh takeover fears over Roman Abramovich loan CFC
Abramovich announced his intention to write off a £1.6billion loan owed to him by Chelsea, pledging all proceeds to victims of the war in Ukraine – but there are fears among government ministers that the oligarch has changed his mind., bidders have been told that the loan, which is in a trust in Jersey, must be repaid upon purchase of the club.
Moreover, the special license allowing the Blues to operate expires on May 31 and, if new owners are not in place before then, the club faces an existential crisis. “If they are not in a position to do that, this would be unprecedented, but they may not be in a position to remain members of the Premier League. It really is crucial.
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