Chelsea admits the government sanctions imposed on former owner Roman Abramovich were a factor in the club's losses of £121.3 million ($148.8 million) for the 2021-22 season.
Chelsea FC said a group led by Los Angeles Dodgers co-owner Todd Boehly would acquire the London club after agreeing terms in a deal worth £4.25 billion ($5.2 billion).
Roman Abramovich has denied reports he is asking for a £1.5 billion ($1.9 billion) loan to be repaid for the sale of Chelsea to go through.
English Sports Minister Nigel Huddleston maintains sanctions on Chelsea owner Roman Abramovich must mean that it cannot be “business as usual” at Stamford Bridge.
The Saudi Media Group consortium is out of the running to buy Chelsea.
Chelsea suitors’ anxious wait to discover the shortlist of preferred bidders for the Premier League club looked set to drag past Tuesday night.
Thomas Tuchel says Chelsea will not make "excuses" despite severe restrictions placed on the club as a result of UK sanctions targeting Russian owner Roman Abramovich.
Chelsea's technical and performance advisor Petr Cech said the club are having to live "day-by-day" in the wake of sweeping economic sanctions placed on owner Roman Abramovich by the UK government.
Roman Abramovich has been disqualified as a Chelsea director by the Premier League board, while Hyundai became the latest major sponsor to suspend their deal with the troubled club after the British government sanctioned the Russian billionaire.
Chelsea have had several accounts and credit cards suspended temporarily following sanctions imposed on club owner Roman Abramovich by the UK government, British media reported Friday.