What will happen to Chelsea as Roman Abramovich demands £1.6b

Chelsea are expected to get a new owner by the end of May ahead of Roman Abramovich’s departure but now a new problem has emerged.

Abramovich is expected to pave the way for a new owner after he was slapped with sanctions by the UK government.

A £1.6billion debt loaned to the club by the Russian oligarch is now understood to be standing in the way of a takeover bid by potential buyers.

Abramovich had initially announced he will forgo the mega amount but has since reportedly changed his mind.

The newspaper cites ‘some sources’ as saying that the Blues could be ‘expelled from playing in the Premier League’ if the takeover is not complete by the end of May.

The government license the club operates under expires on May 31 and it will not be extended.

The fears of the delay are caused by Sir Jim Ratcliffe’s late bid. The Boehly consortium had been on track to complete the takeover but Ratcliffe launched a bid to hijack the process.

The Boehly consortium have been selected as the preferred bidders by the Raine Group and are preparing legal documentation to complete the takeover.

The government could give another Licence to Chelsea to continue to play till the end of the season. But the government will not allow any money from the sale to go to Abramovich.

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