16.2 C
London
Sunday, July 3, 2022

Chelsea Takeover ‘On Verge of Being Approved’ |

Concerns over the Chelsea takeover appear to have eased after a legal resolution was reportedly found over a potential stumbling block to the deal, which is now on the verge of being approved.

A consortium led by US investor Todd Boehly have agreed terms on a £4.25billion takeover to end the Roman Abramovich era.

But there had been ‘alarm’ among Government ministers that the deal may be at risk of ‘falling apart’ over the oligarch’s alleged ‘refusal to agree’ to a proposed sale structure. 

With the final deadline for an agreement to go through a fortnight away, negotiations looked to have hit another snag over the £1.6billion owed by Chelsea’s parent company, Fordstam Ltd, to Jersey-registered Camberley International Investments, a company with suspected links to Abramovich. 

But The Times, citing a source close to Abramovich, reports the Russian oligarch insisted on Tuesday evening that lawyers have arrived at a solution which should satisfy Government officials.

The Government can now allow the deal to go through as a result of the resolution being found.



Read Full Story ….
Dailymail.co.uk >>>
:   

Source: Dailymail.co.uk

 

 

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of . accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

Featured Video

Latest news
Related news