Spokesperson shares Abramovich's demands on prospective Chelsea buyers

Chelsea owner Roman Abramovich made a few demands on prospective club owners as he clarified recent misleading reports around the sale process.

As the sale process reaches its final stage, speculations over the status of the £1.6billion loans that Chelsea owed to Abramovich emerged in the last few days.

The club reportedly proposed to restructure the sale terms to allow the debt to be repaid to offshore Camberley International Investments, which was claimed to be linked to Abramovich.

Such a plan would have led to more problems as Chelsea will need to apply for another special licence from the UK government to complete the sale.

Bear in mind, the government specifically mentioned that the condition for such licence was that no money would go to Abramovich or any other sanctioned individuals.

Photo by Alex Livesey – Danehouse/Getty Images

The Russian billionaire, via his spokesperson, has released a statement denying suggestions that he had wanted the loans to be repaid to him.

Instead, these loans will be frozen and are still “earmarked” for an independent foundation set up by senior representatives of UN bodies and large global charitable organisations.

Abramovich is also still involved, albeit only to a certain extent, in choosing his successor.

“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 to investing in the club,” the official statement reads.

“[This includes] the Academy, Women’s team, necessary redevelopment of the stadium as well as maintaining the work of Chelsea Foundation.”

Photo by Michael Regan – FIFA/FIFA via Getty Images

This explains the club’s reportedly demanding the final four bidders to commit £1bn of additional funding for the stadium redevelopment.

Abramovich also confirmed that he will have no control of the proceeds from the sale but is still committed to finding the best possible steward to continue his legacy at the club.

“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,” the statement continued.

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A Chelsea fan who loves football statistics. Studied sports journalism at the University of Sunderland.