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Abramovich says he has not requested for Chelsea mortgage to be repaid | Soccer Information – Occasions of India

Russian oligarch Roman Abramovich on Thursday denied media experiences that he has requested for his mortgage to Chelsea soccer membership to be repaid, saying that the solutions are “totally false”.
Premier League Chelsea have been put up on the market by Abramovich following Russia‘s invasion of Ukraine and earlier than sanctions have been imposed on him by the British authorities.
A consortium led by LA Dodgers part-owner Todd Boehly has been in negotiations to purchase the membership for $3 billion whereas British billionaire Jim Ratcliffe just isn’t giving up on a bid regardless of obvious rejection from the U.S. financial institution dealing with the sale.
The mortgage Abramovich made to Chelsea is reported to complete 1.5 billion kilos ($1.85 billion).
“Firstly, Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity haven’t modified,” his spokesperson stated in an announcement printed on Chelsea’s web site.
“Secondly, Mr Abramovich has not requested for any mortgage to be repaid to him – such solutions are totally false – as are solutions that Mr Abramovich elevated the value of the membership final minute.
“As a part of Mr Abramovich’s goal to discover a good custodian for Chelsea FC, he has nevertheless inspired every bidder all through this course of to commit investing within the membership.”
The spokesperson added the mortgage has additionally turn into topic to European Union sanctions and requires extra approvals.
“That signifies that the funds can be frozen and topic to a authorized process ruled by authorities,” the assertion learn.
“These funds are nonetheless earmarked for the (Chelsea) Basis. The federal government are conscious of those restrictions in addition to the authorized implications.
“To be clear, Mr Abramovich has no entry or management of those funds and won’t have any entry or management of those funds following the sale.”

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