Chelsea takeover continues to progress but questions remain over what will happen to the sale proceeds if sanctions remain on Roman Abramovich

Questions remain over where the money from the sale of Chelsea will go.

The club was put up for sale by Roman Abramovich after Russia invaded Ukraine and offers have now been reduced to just three interested parties. Abramovich has also had sanctions imposed on him by the UK government which means Chelsea cannot process any financial transactions and must operate under a special licence.

This leaves two likely options as to what will happen to the proceeds of the money raised from the sale of the club. This comes as two of the interested parties consider buying another sports franchise.

And Thomas Tuchel’s signing of Romelu Lukaku last summer could serve as a warning to Manchester City as they line up to sign Erling Haaland from Borussia Dortmund.

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Tuchel’s warning for Man City

Manchester City have received a warning from Chelsea striker Romelu Lukaku since joining the club.

Pep Guardiola’s side are widely believed to be closing in on signing Borussia Dortmund striker Erling Haaland to add a designated striker to their squad. A new striker was high on Thomas Tuchel’s wishlist last summer and the club ended up bringing Lukaku back to Stamford Bridge – although things didn’t go as hoped.

And the events could be a warning for City as they consider a new striker this summer.

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A new priority emerges for two bidders

Two of the bidders hoping to become Chelsea’s new owners are also considering a deal for NFL team the Denver Broncos.

Todd Boehly and Josh Harris are among five groups to have progressed to the next stage of talks and are now set to meet with team management in early May. Progress is expected to be made in taking control of the Stamford Bridge outfit at this stage.

And that means either side could have a double reason to celebrate by the end of the season.

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Questions remain about recovery

Questions remain over what will happen to the money from the sale of Chelsea.

There are two likely scenarios regarding what happens to any profit generated: a surplus will either go to charities dedicated to victims of the war in Ukraine or be placed in an escrow account, where it will be frozen and held for an indefinite period of time. – possibly until Abramovich is no longer on the British government’s sanctions list.

But clarity is unlikely to come until the end of the deal.

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