There is rising concern in the United Kingdom government over where proceeds from Chelsea’s sale will go, it’s understood.
Todd Boehly has agreed a £2.6 billion takeover from proprietor Roman Abramovich, the Russian-born billionaire who has been described by the government as a “pro-Kremlin oligarch” and was hit with an asset freeze in March. Abramovich has repeatedly promised all proceeds from the sale will go to a charitable basis.
However, it’s understood there’s a concern in government over an insistence that a good portion of the proceeds will need to go to Jersey-registered Camberley International Investments after which frozen earlier than going to the inspiration. Chelsea’s mum or dad firm Fordstam have a debt of £1.6 billion to Camberley.
That course of can be a difficulty for the government, as it will break the sanctions impacting Abramovich. The government need a sale construction that offers it assurances the proceeds will go to an acceptable trigger.
The government model of occasions is disputed by sources near Abramovich. His most up-to-date assertion learn: “Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed.”
There are regarded as no issues over Boehly’s group and their suitability to take over the west London membership.
Chelsea are pushing to finish the takeover by the tip of the month, because the government’s license permitting them to function whereas Abramovich is underneath sanction expires on 31 May.
(Photo: Cem Ozdel/Anadolu Agency through Getty Images)
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