Roman Abramovich has been disqualified as a director of Chelsea by the Premier League board but the sale of the club is expected to progress with Government oversight.The sanctioning of Blues owner Abramovich by the UK Government on Thursday saw the Russian-Israeli billionaire’s UK assets frozen, including Chelsea, which stalled proceedings.
Chelsea have been handed a new licence to continue operations, however, and the European champions are still locked in negotiations with the Government to ease restrictions.
New York merchant bank the Raine Group has now assessed the terms of the licence. They have agreed a route forward for the sale with the Government.
The Premier League board’s decision to disqualify Abramovich is unlikely to have any real impact. …
- March 13, 2022
