The three consortia were told this week that Roman Abramovich wanted an additional £500m to be paid to augment the proceeds from Chelsea's sale to charity, Sky News learns.
Prior to being placed on the sanctions list in March, Mr Abramovich said he intended to write off the loan and hand the net proceeds from the sale to a new foundation set up to benefit the victims of the war in Ukraine.
It was unclear whether the special licence that ministers will need to issue to permit the takeover of the Stamford Bridge club will enable the immediate distribution of the sale proceeds to charity. In exchange for the last-minute demand for the extra £500m, Raine is said to have informed bidders that some of the financing constraints such as those relating to their use of debt would be relaxed.
Already this week, manager Thomas Tuchel has said that the sanctions against the club's owner were to blame for Antonio Rudiger, the German central defender, for deciding to leave in the summer. On Monday, ministers published their response to former sports minister Tracey Crouch's report on football governance, paving the way for the establishment of a new independent regulator for the sport.
Between them, the two men would have outright control of the club, with Mr Tanenbaum telling Sky News last week:"My goal, and that of Steve, would be to own Chelsea for decades to come." The last eight weeks have witnessed a bidding frenzy unprecedented in English football, with billionaire financiers, media tycoons, and sports team owners from several continents joining forces in an attempt to gain control of the Blues.
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