Abramovich agrees to a deal with the UK Government over Chelsea sales; Here is the deal details

Yesterday we reported that the UK Government will be holding a meeting with Chelsea executives and there has been one and an agreement has been reached about this and below is the terms to what Abramovich has agreed to in order for things to move forward at the club.

Abramovich deal

An agreement that will see a major boost to the Stamford Bridge club has now been reached as per The Telegraph.

A quick sale of the club has been proposed and regarded as the exit point of these whole troubles, but this can only happen if Abramvich will have to agree to writing off loans of over 1.5 billion Pounds and also without receiving any of the proceeds from the sales of the club.

This above although just said has appeared to have already happened as the Raine Group which was the American bank that has paused the sales after Abramovich was sanctioned, has been instructed to continue the process of completing the clubs takeover.

As Raine group is hoping this sale that is stationed to have a deadline by the end of next week will attract more bidders and also prospective new buyers, a quick sale is imminent ad Abramovich hopes he gets a quick sale of the club too.

The report did not leave behind the “Domesday scenario” which is also very possible and also could become a reality so to speak if Abramovich could not sell the club and the special license issued to them is not also amended to allow less stringent terms to the club.

We will look forward till the end of the next week and on or before then a new ownership may be announced and it could most likely be the Raine group.