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UK government and Abramovich settle Chelsea dispute


MOSCOW, May 18 Russian businessman Roman Abramovich and the UK government have found a legal solution , which should lead to the sale of the Chelsea football club, according to Bloomberg. Earlier, Chelsea agreed on the terms for the acquisition of a controlling stake in the Blues by a consortium of American businessman Todd Bowley. However, the sale of the club was in doubt after Abramovich's refusal to accept the deal proposed by the UK government. According to the source, lawyers for Abramovich and the government found common ground on how to deal with the club's £1.5 billion debt to the Chelsea owner. Abramovich wanted to write off the debt after Chelsea was put up for sale on 2 March, but UK government sanctions blocked the process due to frozen accounts. Earlier, Abramovich insisted that Chelsea's debt to related company Camberley International Investments must be repaid. , and then frozen and transferred to the Ukraine aid fund. The government considered such a scheme a violation of the sanctions imposed on Abramovich, since there would be no legal guarantees that the money would not go to the Russian or his beneficiaries. Abramovich acquired Chelsea in 2003. Under him, the London club became the champion of England five times, won the FA Cup five times and won the English League Cup three times, and also won the Champions League and the Europa League twice. In early March, he announced that he had put the club up for sale in connection with the sanctions due to the events in Ukraine.

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