SEB COE insists Chelsea must not be saddled with debt after the buyout of the club is completed.
His comments come after Roman Abramovich sparked fears in Whitehall that he will back out of plans to write off more than £1.5billion in loans.
That could jeopardise the sale of Chelsea, which is now entering its final stages, with Todd Boehly in exclusive negotiations to complete the deal before the May 31 deadline.
Coe is part of a rival bid by Sir Martin Broughton — and today he raised concerns over the impact the uncertainty could have on Thomas Tuchel’s team. He is adamant that any new ownership cannot be laden with debt.
“I subscribe to the view you can’t have this going on indefinitely,” he told LBC. “There are all sorts of things at play here, particularly the performance of a team.
“It is really important this gets resolved. But it needs to be done carefully and properly and you can’t hurry this if there are still questions about ownership and bids. Wherever this ends up, as a Chelsea fan, I want to make sure it is done in a way that doesn’t leave the club in hock for generations to come and there is investment in the team.”
This story is from the May 04, 2022 edition of Evening Standard.
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This story is from the May 04, 2022 edition of Evening Standard.
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