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Chelsea get boost as Roman Abramovich and UK government ‘give green light’ for…

Chelsea owner Roman Abramovich and the UK government have reportedly agreed for the sale of the club to resume.

Russian billionaire Abramovich announced his decision to sell the Blues on March 2, before being hit with sanctions due to alleged links with Vladimir Putin and the ongoing war in Ukraine.

All of Abramovich’s UK assets have been frozen, with the exception of Chelsea, who have been given a special license to continue competing.

However, the sale of the club was put on hold and the Blues are unable to make transfers, agree new contracts, or sell new tickets and merchandise.

It is understood the government considers new ownership of Chelsea as the best way forward, although Abramovich would have to write off £1.5billion loans and receive none of the proceeds.

According to the Daily Telegraph, Abramovich has instructed Raines Bank to go ahead with the sale, despite the process being out of his hands, and the government have agreed terms of the deal with the Russian’s advisers.

The report claims bidders have until the end of next week to formalise their offers, with British billionaire Nick Candy recently confirming he remains interested.

An offer from a consortium fronted up by Todd Boehly and Hansjorg Wyss is also thought to be on the table.

Chelsea still face an anxious wait to see whether the club can be sold and if the government will provide a more lenient license to avoid financial abyss in the meantime, after their credit cards were cancelled and shirt sponsors Three suspended a £40m endorsement deal.

But the possibility of new ownership will no doubt come as a relief to Blues fans.

And former Chelsea striker Tony Cascarino believes there are positive times ahead at Stamford Bridge.

He told talkSPORT: “I do believe there will be a great outcome, the end game.

“I understand the ties to Abramovich, the money, the chain and where it goes.

“It’s becoming very complicated but I do believe there will be solutions.

“This is so unprecedented.”

He added: “They must see this as an isolated case, because I’ve never seen anything close to this in football.”

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