Chelsea sell off abruptly… British government-Abramovich clash

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Reuters Yonhap News

[스포츠서울 | 강예진기자] The deal to sell Chelsea has not been approved by the UK government.

According to The Sun on the 17th (Korean time), the British government did not approve the acquisition of Chelsea by Los Angeles Dodgers Todd Boeli. The media said, “The former owner of Abramovich has expressed his refusal to agree to the terms of the government deal.”

Chelsea announced on the 7th that a consortium led by Todd Boeli had acquired Chelsea. The down payment is £4.25 billion (about 6.7 trillion won). Of the 2.5 billion pounds (about 3.92 trillion won) of the investment, it was announced that 1.75 billion pounds (about 2.75 trillion won) would be invested in stadium construction, Chelsea women, and youth academy.

A stumbling block has arisen. Chelsea owes £1.6 billion to former owner Abramovich. Initially, Abramović refused to accept the debt from Chelsea. In response, Abramovich disagreed, saying that the government would prepare a legal mechanism for the debt, but that it was not necessary.

The government said, “Abramovich has publicly promised to use the proceeds for a good cause, but there is a gap between legally binding the debt.” Abramovich has announced that he will donate the proceeds from the sale by establishing a charity foundation for the victims of Ukraine.

The sale of Chelsea must be completed before the special license expires on the 31st. “The deadline for the sale of Chelsea is tight. If a breakthrough is not made, the deadline for registration for the English Premier League (EPL) for the next season may be exceeded.”
kkang@sportsseoul.com

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