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A spokesman for Roman Abramovich has rubbished claims that Chelsea's takeover is on the rocks after claims the Russian wanted his loan repaid.
A statement read: "Firstly, Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed.
"Since the initial announcement, Mr Abramovich’s team has identified senior representatives from UN bodies and large global charitable organisations who have been tasked with forming a Foundation and setting out a plan for its activities. The lead independent expert has had conversations with Government representatives presenting the structure and initial plans.
"Mr Abramovich has not been involved in this work and it has been managed independently by experts with years of experience working in humanitarian organisations.
Secondly, Mr Abramovich has not asked for any loan to be repaid to him – such suggestions are entirely false – as are suggestions that Mr Abramovich increased the price of the Club last minute.
"As part of Mr Abramovich’s objective to find a good custodian for Chelsea FC, he has however encouraged each bidder throughout this process to commit investing in the Club – including in the Academy, Women’s team, necessary redevelopment of the stadium as well as maintaining the work of Chelsea Foundation.
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"Following sanctions and other restrictions imposed on Mr Abramovich by the UK since announcing that the Club would be sold, the loan has also become subject to EU sanctions, requiring additional approvals.
"That means that the funds will be frozen and subject to a legal procedure governed by authorities. These funds are still earmarked for the Foundation. The Government are aware of these restrictions as well as the legal implications.
"To be clear, Mr Abramovich has no access or control of these funds and will not have any access or control of these funds following the sale.
"Despite the changing circumstances since his initial announcement – he remains committed to finding a good custodian for Chelsea FC and making sure the proceeds go to good causes."
Chelsea's preferred bidder is part-owner of the Los Angeles Dodgers Todd Boehly.
However, the American's bid could be hijacked by the richest man in Britain Jim Ratcliffe. Ratcliffe made a late bid for the club, but he saw his bid rejected by American investment firm Raine, who have been tasked with the sale.
The Brit has said he's "not giving up" and speaking to the BBC he added: "Consideration should be given to a British bid."
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