Roman Abramovich and the UK government have reportedly found a legal solution which should now pave the way for Chelsea to be sold.
Lawyers for Abramovich and the government have reportedly found common ground on how to deal with the Stamford Bridge club’s £1.5billion debt to the Chelsea owner.
Abramovich has wanted to write off that debt since Chelsea went up for sale on March 2, but Downing Street sanctions have stalled that process amid frozen accounts.
Government leaders are said to have repeatedly raised concerns that Abramovich would renege on his promise to walk away from those loans, despite the Chelsea owner’s detailed assurances and planning.
The Russian-Israeli billionaire and his lawyers are now confident that their latest proposals will prove acceptable to Downing Street.
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