Roman Abramovich writes off £1.5bn debt that Chelsea owe him

Chelsea owner, Roman Abramovich, has written-off the £1.5bn debt that the club owes him as a gesture of goodwill after confirming he will sell the Blues. The Russian confirmed, in a statement on Wednesday night, that he will end his 19-year association with the club and he’s now open to offers for the Blues. “I have always taken decisions with the club’s best interests at heart”, said Abramovich. “In the current situation, I have therefore taken the decision to sell the club, as I believe this is in the best…

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Premier League approves £300m Saudi-backed Newcastle takeover

A Saudi Arabian-backed takeover of Newcastle United has been completed on Thursday, after the Premier League approved the £300m deal. The deal to buy Newcastle has been fraught with controversy and obstacles since four years ago. However, the new development brings to an end the 14-year ownership spell of Mike Ashley at the club. The English toplight approved the takeover after sale went through after the deal passed the Premier League owners’ and directors’ test. It is understood that the Saudi State would not control the club, instead the Public…

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Mikel returns to English football, joins Stoke City

Nigeria midfielder John Mikel Obi has joined Sky Bet Championship club Stoke City on a one-year deal, reports Completesports.com. Mikel joins Morgan Fox, James Chester and Steven Fletcher in checking in at the bet365 Stadium ahead of the 2020/21 Championship season. The former Lyn Oslo of Norway player , who won a host of domestic and European honours during a glittering 11-year stay at Chelsea, returns to English football after a spell in the Turkish Super Lig with Trabzonspor. Manager Michael O’Neill said: “We’re delighted to bring John to the…

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