Chelsea sale: Roman Abramovich breaks silence on claims he wants £1.5bn back from Blues

Roman Abramovich has denied claims he wants a £1.5bn loan from Chelsea

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Roman Abramovich has never asked for any Chelsea loans owed to him to be repaid, according to his spokesman, as he claims he could stop sales of the Premier League kit.

The Russian billionaire is selling in west London after two decades following UK government sanctions over alleged ties to Vladimir Putin.

Abramovich is not set to receive any funds from the sale of the Premier League side as Todd Boehly leads a consortium in pole position to buy the club for over £3.5bn.

However, there have been reports that Abramovich is trying to recover the £1.5billion he loaned the club through its parent company Fordstam Limited. However, the Russian has dismissed such proposals.

A statement from his spokesman said: “Following media speculation regarding the sale of Chelsea FC, we would like to clarify the following points. Firstly, there has been no change in Mr Abramovich’s intentions regarding donating the proceeds of the Chelsea sale to charity.

“Since the initial announcement, Mr. Abramovich’s team has identified senior officials from UN bodies and major global charities who have been tasked with establishing a foundation and drawing up a roadmap for their activities, structure and initial plans.

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

Roman Abramovich had loaned £1.5billion to Chelsea through his parent company


Photo credit should read Adam Davy/PA Wire.)

“Secondly, Mr Abramovich has not asked for a loan to be repaid – such suggestions are dead wrong – as are suggestions that Mr Abramovich increased the price of the club at the last minute. However, as part of Mr Abramovich’s aim of finding a good manager for Chelsea FC, he has encouraged every bidder throughout this process to invest in the club – including in the academy, the women’s team, the necessary refurbishment of the stadium as well as keeping the work of the Chelsea Foundation.

“Following sanctions and other restrictions imposed by the UK on Mr Abramovich since the club’s sale announcement, the loan is also subject to EU sanctions which require additional approvals. This means that the funds are frozen and subject to legal proceedings regulated by the authorities. These funds continue to be earmarked for the foundation. The government is aware of these restrictions and the legal implications.

“To be clear, Mr. Abramovich has no access or control over these funds and will have no access or control over these funds after the sale. Despite changing circumstances since his original announcement, he remains committed to finding a good steward for Chelsea FC and ensuring proceeds go to good causes.”

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