Celebration at Stamford Bridge as Roman Abramovich breaks good news to Chelsea fans

CHELSEA fans are very happy over the news coming from Stamford Bridge as former owner, Roman Abramovich has finally reacted to the ongoing news about his loan to the Stamford Bridge outfit.

The sale of Chelsea football club has been the major talking points for some time now after the club owner Roman Abramovich was sanctioned by the UK government.

There have been a lot of rumours making the rounds that Abramovich has requested for the loan he gave the club, but Chelsea and their owner have come out to clear the air concerning the rumours.Roman Abramovich: Chelsea owner decides to sell club while there is 'no substance' to Jim Ratcliffe reports | Football News | Sky SportsChelsea released an official statement on their website to give an update concerning Abramovich’s decision to sell the club.

“Following speculation in media in relation to the sale of Chelsea FC, we would like to clarify the following points…,” the club stated.

“Firstly, Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed.

“Since the initial announcement, Mr Abramovich’s team has identified senior representatives from UN bodies and large global charitable organizations who have been tasked with forming a Foundation and setting out a plan for its activities. The lead independent expert has had conversations with Government representatives presenting the structure and initial plans.

“Mr Abramovich has not been involved in this work and it has been managed independently by experts with years of experience working in humanitarian organizations.

“Secondly, Mr Abramovich has not asked for any loan to be repaid to him – such suggestions are entirely false – as are suggestions that Mr Abramovich increased the price of the Club last minute. As part of Mr Abramovich’s objective to find a good custodian for Chelsea FC, he has however encouraged each bidder throughout this process to commit investing in the Club – including in the Academy, Women’s team, necessary redevelopment of the stadium as well as maintaining the work of Chelsea Foundation.

“Following sanctions and other restrictions imposed on Mr Abramovich by the UK since announcing that the Club would be sold, the loan has also become subject to EU sanctions, requiring additional approvals. That means that the funds will be frozen and subject to a legal procedure governed by authorities. These funds are still earmarked for the Foundation. The Government are aware of these restrictions as well as the legal implications.
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