Chelsea deal 'still has major hurdles to overcome' Whitehall source tells BBC Sport
The government is set to approve Chelsea's £4.25bn sale in the next 24 hours, BBC Sport has learned.It is understood that, because owner Roman Abramovich has a Portuguese passport, the takeover needs to be licensed by authorities in that country too.
The government then issued a special licence for Chelsea to continue to operate, which expires on 31 May.due to a lack of consensus with the club over the proceeds of any sale.However Abramovich is now understood to have provided legally binding guarantees that a £1.6bn loan to the club will not go to the Russian oligarch or his family. This would allow the money to go into a frozen account under government control.
"We are working hard to assure our international partners who rightly want their own assurances on this deal and of course how the proceeds will eventually be spent.
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