Fresh doubts have been raised over the £4.25 billion deal to sell Chelsea to Todd Boehly and his consortium due to the UK Government and Roman Abramovich hitting an impasse over the destination of the £2.5billion sale proceeds amid the approaching May 31 deadline.
It all seemed as though things were going well in the process after Boehly had been selected as the preferred bidder and his recent appearances at Chelsea games amid various worries throughout the whole saga. However, a new development has reportedly thrown a spanner in the works due to an issue between the government and Abramovich.
Sky News have reported that government officials have doubts about whether a special licence needed to approve the sale will be issued before a deadline at the end of the month. The report clarifies that if this new issue was not solved before the May 31 deadline, the club could go into administration and even be kicked out of all major competitions for the 2022/23 season. Certainly not the positive news Blues fans would have wanted to hear with many still trying to get over the FA Cup final heartbreak at the weekend.
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The areas of concern are said to be where the proceeds of the sale will be held before completion of the agreement, with the government seeking to keep them in escrow - a third party account - and what guarantees the government will be given over the final destination of the money.
There is still plenty of time to seal a deal before the deadline at the end of the month, but Chelsea fans will be hoping that it can be sorted as soon as possible to secure the future of the club before moving on from the process to begin planning for the 2022/23 season.
