According to reports, the European champions Chelsea could be forced into administration if Roman Abramovich refuses to sell the club to certain buyers.
Chelsea enjoyed the most successful era in their history since he took over at the club back in 2003. The blues have won a total of 21 trophies during Roman Abramovich’s era. But the Russian invasion of Ukraine meant that the club was put up for sale by Roman Abramovich. The UK Government also placed sanctions on the Chelsea owner.
The recent sanctions meant that the process to sell the club was put on hold. The sanctions also meant that only the club’s season tickets holders could attend the club’s home game. The club’s merchandise store was also put on hold. The club are also not allowed to make any transfers. They are also not allowed to offer new contracts to their players. The club looks set to lose Cesar Azpilicueta, Antonio Rudiger, and Andreas Christensen on free at the end of the season.
Roman Abramovich hired The Raine Group to help with the process to sell the club. But the recent sanctions mean the UK Government must be involved in the process to sell the club. But the Raine Group still gets to have a say in the process for the takeover at the club.
Can Roman Abramovich veto any potential bids for the clubs?
According to the Daily Mail, Roman Abramovich could veto any potential bids for takeover at the club that come nations that have sanctioned Russia in the past few weeks. If the owner can veto against bids, he could refuse to sell to any British or American bids. This would mean there will be only a very few potential buyers left.
While reports coming out of Stamford Bridge suggest that the process to sell the club could be completed in the next four to six weeks. The UK Government have given Roman Abramovich a limited time period to sell the club.
But the club could be forced into administration if the club can’t find a new owner in the next few weeks. The advisors of Roman Abramovich have quickly responded to all the speculation around the sale of the club. They have said that the owner wants to leave the club in good hands after his successful 19-year stint at the club.
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