Those interested in acquiring Chelsea have now been told to approach the UK government with possible takeover plans.
According to the Guardian, potential suitors must go through the government as well as the Raine Group before submitting an official bid for the Blues.
Who could replace Roman Abramovich?
Obtaining Roman Abramovich’s up-for-sale kingdom will not be easy or quick, but it could still happen.
Despite Abramovich’s main asset being frozen by those in parliament and the uncertainty shrouding the club, there remain several investors willing to take a punt on the project.
British property developer and Chelsea fan Nick Candy has rapidly risen to the front of the queue, although he jostles for top spot with several other wealthy figures.
A Todd Boehly-Hansjorg Wyss consortium is still part of the chasing pack, along with numerous American-led parties and Newcastle shareholders the Reuben brothers.
Previously, their attempts to buy Chelsea had to go through the Raine Group, the investment bank tasked with finding the new owner.
Apparently, they recently sent out an email to all concerned in the bidding war that the process had been put on pause, in light of Abramovich’s sanction.
Time is ticking
The Russian’s former employees will want to press the play button before too long, as they await news on what their future looks like.
At the moment, it appears pretty bleak for all those involved.
A special licence offered by the government allows Chelsea staff members to be paid, but only until the 31st of May.
A new owner and therefore a fresh wave of cash must be found before then, otherwise, bankruptcy may raise its ugly head.
Having to check with the British administration, as well as Raine Group, will surely only slow this procedure down more.
This is something certain workers quite literally cannot afford.
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