Chelsea sale: Roman Abramovich denies asking for Chelsea loan to be repaid

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Factual Pursuit of Truth for Progress

Roman Abramovich has denied reports that ge wants his £1.5billion loan to Chelsea repaid.

Recall that the club was put up for sale by Abramovich in March just before he was sanctioned by the UK Government for his links to Russian president Vladimir Putin following Russia’s invasion of Ukraine.

Abramovich clarified that he would not be asking for his loans to Chelsea to be repaid and that proceeds from the sale of the club would go to a charitable foundation for “all the victims of the war in Ukraine”.

After reports the oligarch was looking to recoup the money he loaned the club, the 55-year-old has reiterated his commitment to giving money from the sale to charitable organisations.

In a statement released by Abramovich and Chelsea on Thursday evening, a spokesperson for the Russian said: “Firstly, Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed.

“Since the initial announcement, Mr Abramovich’s team has identified senior representatives from UN bodies and large global charitable organizations who have been tasked with forming a Foundation and setting out a plan for its activities. The lead independent expert has had conversations with Government representatives presenting the structure and initial plans.

“Mr Abramovich has not been involved in this work and it has been managed independently by experts with years of experience working in humanitarian organizations.

“Secondly, Mr Abramovich has not asked for any loan to be repaid to him – such suggestions are entirely false – as are suggestions that Mr Abramovich increased the price of the Club last minute. As part of Mr Abramovich’s objective to find a good custodian for Chelsea FC, he has however encouraged each bidder throughout this process to commit investing in the Club – including in the Academy, Women’s team, necessary redevelopment of the stadium as well as maintaining the work of Chelsea Foundation.”

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