BREAKING: Chelsea get new date to be sold

Following the sanction, on the football club, Chelsea, the American investment firm which was given the responsibility to sell the club has revealed that they expect to sell the club by the end of the month after positive conversations with the UK government.

Chelsea to be Sold by End of March
The government will need to issue a new license for the club to be sold after owner Roman Abramovich was sanctioned last week. But after an agreement that the funds from the sale could go to a charitable organization or into a frozen account, there is confidence the process of getting a new license will not be difficult to get again.

The government issued a special license to allow Chelsea to continue operating after freezing the owner’s assets, citing his links to Russian President Vladimir Putin. However, under the original terms of the license, the club cannot be sold. The deadline for bids has been extended to the 18th of March which is Friday with more than 20 credible parties interested.

Chelsea Gets New Date To Be Sold
Chelsea Gets New Date To Be Sold
The sale will also be subject to the Premier League’s owners’ and directors’ tests. Premier League chief executive Richard Masters said earlier this month: “The quickest one we’ve done is 10 days, but that’s not to say it can’t be beaten.” Richard also said: “Normally it’s a matter of weeks but it depends on the complexities and the number of potential owners.”

Recently, the club’s credit cards were temporarily suspended while banks assess the implications of the sanctions imposed on Russian billionaire Abramovich, while Three has suspended its shirt sponsorship with the club