The Chelsea acquisition process has been the subject of discussion by various parties in recent months. Russia’s invasion of Ukraine towards the end of February marked the end of Roman Abramovich’s tenure. After going through a selection stage that was colored by drama, the consortium led by Todd Boehly came out as the party that passed to the final stage.
An agreement has been reached regarding the sales process. Supposedly, only the examination stage of the British Government and the Premier League needs to be passed before the acquisition process ends. However, the freezing of Roman Abramovich’s assets in England made things very complicated.
According to reports from the BBC and various other British media, there are new obstacles in the acquisition process. The role of Roman Abramovich is back in the spotlight. The Russian businessman has made it clear that he will write off Chelsea’s debts and will not profit from the sale of the West London club.
But the charitable foundation set up by Abramovich is seen as a stumbling block. Abramovich wanted to have control over the operations of the foundation, which was supposed to be created to recover from the impact of the Russian invasion of Ukraine.
There is concern from the UK Government that the proceeds from this sale will go to Camberley International Investments, which holds debt from Fordstam (the company that has control of Chelsea), with a value of £1.6 billion.