Putin's oligarch settles disputes over Chelsea sale, deal closes by May 31 - media

18 May 2022, 20:03 | Sports
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The British authorities were worried that the sale of Chelsea could fail. Abramovich did not provide legal guarantees where the proceeds of 2.5 billion pounds would go, although he had previously assured that he was ready to cover the club's loan (1.5 billion), and direct the net income to the fund to help victims of the war in Ukraine.

However, Abramovich's lawyers and the British government have finally reached a compromise on this issue, according to Bloomberg..

Currently, the businessman and his lawyers are confident that the deal to sell Chelsea will be approved..



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Former UNICEF UK Executive Director Mike Penrose has been tasked with creating a fund to provide humanitarian assistance, starting with the victims of the war in Ukraine..

Note that the deadline for closing the deal is May 31.. If all formalities are not agreed, the club may be disqualified.

Recall that the International Basketball Federation (FIBA) has made a new decision to remove Russia and Belarus from world basketball competitions..




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