Premier League Chief insisted Chelsea bid deal should be concluded quickly tells Abramovich

Premier League Chief insisted that the Chelsea bid deal should be concluded quickly, Richard Masters tells Roman Abramovich… Richard Masters, who is Premier League Chief Executive welcomes Roman Abramovich’s decision to put Chelsea up for sale as he called for quick sales.

Meanwhile, Roman Abramovich has owned Chelsea FC since 2003 and helped the club to win 19 major trophies but his glittering reign at Stamford Bridge is close to an end.

Abramovich has officially announced on Wednesday he had made the ‘incredibly difficult decision’ to put Chelsea up for sale amid talk he could face sanctions from the UK Government given his proximity to the Russian state, though he is also understood to have been attempting to broker a peace deal between Russia and Ukraine.

According to the report, Masters said:

I think the situation has escalated incredibly quickly over the last seven days and he’s come to the right conclusion.

‘It’s unsustainable in the current environment. It’s a welcome decision and obviously, for the sake of everybody, including the fans, as soon as the sale process concludes everyone has certainty.

Abramovich received up to 3 offers for Chelsea’s bid deal, as bidders shows interest

Asked what would happen regarding the sale if Abramovich was sanctioned by the United Kingdom UK, Masters told the audience in London: ‘I don’t think that will work.’

The current Chelsea owner vowed not to rush the sale and pledged to donate any net proceeds to help victims of the war in Ukraine. Swiss billionaire Hansjorg Wyss and American investor Todd Boehly are understood to be two of the parties joining forces in preparation for a bid.

Masters Further added:

I think the quickest (sale) we have ever done is 10 days, that’s not to say that record can’t be beaten but normally it takes a number of weeks.

‘It all depends on the complexity of the deal and the number of potential owners. Provided the information is easily digestible, easily understandable and gives us all the right answers it can be done relatively quickly.’

Earlier today, Labour MP Chris Bryant continued his calls for Abramovich to be sanctioned after he stated last week the billionaire ‘remains of interest to HMG due to his links to the Russian state and his public association with corrupt activity and practices’.

Bryant told the House of Commons:

‘It’s a mystery to me why Roman Abramovich has not yet been sanctioned.

‘The Government itself knows that he’s been engaged in illicit activity and he’s a person of concern to the Government, which is why they’ve not been encouraging him to come to the UK.’

Source: Daily Mail

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