Sports

Roman Abramovich reaches agreement with UK Government

Published

4 years ago

March 12, 2022

Roman Abramovich reach agreement with UK Government

According to reports, Russian billionaire Roman Abramovich and the UK government have reached an agreement to proceed with the sale of Chelsea.

This comes after the UK sanctioned Abramovich and granted Chelsea a sporting license to continue with their football-related activities, but any sale of the west London club was put on hold, with fears that they would not be able to finish the current season.

Roman Abramovich reach agreement with UK Government

According to The Daily Telegraph, the two parties have now achieved an agreement that will provide a significant boost to the Stamford Bridge club.

The UK government believes that a rapid sale is best for Chelsea and its fans, but in order for that to happen, Abramovich would have to agree to write off loans totalling more than £1.5 billion without receiving any of the revenues.

However, according to the source, Roman Abramovich has instructed Raine Group, the American bank that halted the transaction after the 55-year-old was sanctioned on Thursday due to his claimed links to Russian President Vladimir Putin, to resume the process of finalizing a takeover.

The deadline for prospective new buyers’ first bids has been set for the end of next week, with Abramovich now hoping for a swift sale and Raine Group hoping for more bidders.

However, the report added that a ‘domesday’ scenario is also a possibility and may become a reality if Abramovich is unable to sell Chelsea and the sporting licence is not altered to allow for less rigorous terms.

Related Topics:Chelsea Roman Abramovich UK Government

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Sports

Chelsea name Enzo Maresca as new manager

Published

2 years ago

June 3, 2024

Mayowa

Enzo Maresca on Monday appointed as the new manager of the men’s team at Chelsea FC.

The West London Premier League team made this announcement on its website in a statement, saying, commencing July 1, 2024, Maresca will assume his new position. The Blues put the Italian under contract for five years.

Reacting, Laurence Stewart and Paul Winstanley, Chelsea’s co-sporting directors, said: “We are delighted to welcome Enzo to Chelsea.

“He has proven himself to be an excellent coach capable of delivering impressive results with an exciting and identifiable style.”

Sports

Kylian Mbappé to join Real Madrid as new signing next week

Published

2 years ago

June 2, 2024

Mayowa

After winning the Champions League, Kylian Mbappé is expected to be announced as a new signing by Real Madrid the following week.

In February, the 25-year-old international athlete made his choice. He can now be regarded as a new Real player because every document has been completed, sealed, and signed.

As per media reports, Kylian Mbappé joined Real Madrid from Paris Saint-Germain on a free transfer. “.. I wanted to announce to you all that it’s my last year at Paris Saint-Germain. I will not extend and the adventure will come to an end in a few weeks. I will play my last game as Parc des Princes on Sunday,” Mbappe said in a video statement on X.

“It’s a lot of emotions. (For) many years I had the chance and great honour to be a member of the biggest French club, one of the best in the world which allowed me to travel here,” Mbappe added.

“It’s hard and I never thought it would be this difficult to announce that I will leave the country, France, the league and the Championship. But I think, I needed this, a new challenge after seven years.”