Those interested in buying Chelsea will be able to apply to the government for a new license to allow the sale, a minister said on Friday, after a decision to freeze owner Roman Abramovich’s assets left the club’s future in limbo.
Following the decision to sanction Mr Abramovich, the Premier League side were granted a special license by the Treasury to continue operating. But club sources say the terms are too strict and will leave Chelsea on the brink of ruin.
Mr Abramovich’s plans to sell the club have been put on hold following the government’s decision to freeze his assets. Club officials met government officials on Thursday and are expected to continue talks in the coming days.
On Friday morning, digital and technology minister Chris Philp told Sky News the government was open to a sale of the club provided the Russian oligarch did not profit from the deal in any way.
Mr Philp said: “If a buyer emerges, then it would be open to that buyer or the football club to approach the government and ask for the license terms to be changed in such a way as to allow that sale to take place. , they could approach the government to make a proposal.
“To be clear, no proposal would be accepted that would see the money from the proceeds of any sale end up in an unrestricted bank account belonging to Abramovich. He cannot benefit from the proceeds of any sale.