Chelsea fears over Abramovich loan

Chelsea have been warned their future is on the line after the Government ruled out sale delays amid fears Roman Abramovich is reneging on his promise to write off a £1.6 billion debt. Ministers believe time is running out on the May 31 licence deadline and are understood to be flatly refusing more negotiations allowing Mr Abramovich to claw back funds. The Russian billionaire had promised in March that he would write off the huge sums that the club still owes him.

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