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Chelsea boss Roman Abramovich has denied allegations that he wants the loan to be repaid once the club is sold. He reiterated that he is committed to giving the proceeds of the sale to a charitable foundation for all the victims of the war in Ukraine. Premier League club Chelsea was put up for sale after Abramovich was sanctioned by the UK government following his relations with Russian President Vladimir Putin.

“Firstly, Mr. Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed,” a spokesperson of Chelsea owner Roman Abramovich said. “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,” he added. “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 to 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.”

“Following sanctions and other restrictions imposed on Mr. Abramovich by the UK since announcing that the Club would be sold, the loan has also become subject to EU sanctions, requiring additional approvals. That means that the funds will be frozen and subject to a legal procedure governed by authorities,” he concluded.

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