The Chelsea takeover process has hit a huge stumbling block if a report in The Times is to be believed.
As per the source, Roman Abramovich has backtracked on his promise to write off the £1.6bn debt.
Chelsea have told the government and the bidders that they want the debt restructured and paid off to Camberley International Investments, a company that reportedly has links to Abramovich.
Even if any bidders agree to the new terms, there is a risk paying off the debt would be impossible due to the sanctions imposed on Abramovich by the UK government.
Abramovich had previously made a £1.6bn loan to Chelsea. He claimed he would not ask for the loan to be repaid but it looks like he has reneged on that promise.
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