Snag Remains In $3 Billion Chelsea FC Sale By Russian Oligarch Roman Abramovich
Although the Premier League is expected to approve the Todd Boehly-led group’s purchase of Chelsea FC, an obstacle still remains: Talks between Roman Abramovich and the U.K. government as to where the sale money will go. After being sanctioned by the U.K. government for alleged ties to Russian President Vladimir Putin, Abramovich is not allowed to personally benefit from the proceeds. So a separate agreement will have to be reached between Abramovich and the U.K. authorities over the £2.5 billion (roughly $3.1 billion) asking price. The Boehly group has committed £4.25 billion (roughly $5.27 b...