Abramovich says he didn’t ask for Chelsea loan repayment

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Abramovich’s loan to Chelsea is reportedly worth 1.5 billion pounds ($1.85 billion).

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Russian oligarch Roman Abramovich on Thursday denied media reports that he had requested repayment of his loan from Chelsea football club, saying the suggestions were “entirely false”.

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Premier League Chelsea were put up for sale by Abramovich after Russia invaded Ukraine and before sanctions were imposed on them by the British government.

A consortium led by LA Dodgers co-owner Todd Boehly is in talks to buy the club for $3 billion, while British billionaire Jim Ratcliffe isn’t giving up on a bid despite an apparent rejection from the US bank in charge of the deal. sale.

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Abramovich’s loan to Chelsea is reportedly worth 1.5 billion pounds ($1.85 billion).

“Firstly, Mr Abramovich’s intentions regarding donating the proceeds from the sale of Chelsea to charity have not changed,” his spokesman said in a statement posted on Chelsea’s website.

“Secondly, Mr. Abramovich did not ask for any loan repayment – such suggestions are entirely false – as are suggestions that Mr. Abramovich increased the price of the club at the last minute.

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“As part of Mr Abramovich’s aim to find a good goalkeeper for Chelsea FC, however, he has encouraged every bidder throughout this process to commit to investing in the club.”

The spokesperson added that the loan was also subject to European Union sanctions and required additional approvals.

“This means that the funds will be frozen and subject to a legal procedure governed by the authorities,” the statement said.

“These funds are still going to the Foundation (Chelsea). The government is aware of these restrictions as well as the legal implications.

“To be clear, Mr. Abramovich has no access to or control over these funds and will have no access to or control over these funds after the sale.”

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