Alarm in Chelsea, the sale to the Bolly consortium is in danger

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Uncertainty returns to Chelsea, as the BBC revealed today, according to a UK government source, that the sale of the Londoners to the consortium led by Todd Bolly is in danger.

A deal worth 25 4.25 billion (€ 4.97 billion) announced on 7 May.

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The problem is the lack of legal guarantees from Roman Abramovich regarding the waiver of the 1.6 billion euro loan. The Russian oligarch guaranteed that the profits from the sale would be returned in solidarity, but, as the BBC explains, he refuses to give legal guarantees, which leads the UK government to hesitate to approve the agreement.

Chelsea operates with a special license that expires on May 31.

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“There are deadlines at the end of this month and at the beginning of June, which, if not met, would result in either the club being excluded from European competitions or the Premier League,” sources told the BBC.

It is understood that any sale should be completed by early June, when the Premier League meets to grant clubs the licenses they need to play next season.

A source close to Todd Bolly’s consortium told the BBC: “The consortium is committed to buying Chelsea and contributing to the success of English football.”

However, according to the BBC, according to sources in the British government, there is now an “alarm”, as the acquisition of the European champions could be “canceled” if the deadlines are not met.


Source: Capital

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