Roman Abramovich offers update on Chelsea sale as he rubbishes loan repayment rumours

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Chelsea have insisted in a lengthy statement that Roman Abramovich did not increase his asking price for the Blues at the eleventh hour in spite of numerous reports that he had done so towards the end of last month. The west London club have been on the market for almost three months since the 55-year-old announced his decision to sell up in the wake of Russia’s ongoing invasion of Ukraine.

Reports last month stated that Abramovich had decided to urge the remianing bidders for Chelsea to commit an extra £500million to their respective packages in order to ensure their offers were successful. The Blues have since insisted that no such demand was made in an official statement on Thursday, which also clarified a number of other recent claims with regards to the sale of the club.

“Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed,” the statement reads.

“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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