The former owner of Chelsea is buying shares of I have locked him at a discount of 70%. A consortium led by American billionaire Todd Boali, former co-owner of the Chelsea football club, is preparing a deal to exchange frozen Lukoil shares for the Russian company's foreign assets, Reuters reports. According to the agency, representatives of the consortium bought frozen shares of Lukoil from American and British funds, as well as from deposit banks, which were previously written off due to sanctions against Russia. The papers, according to sources, were purchased at a 70 percent discount. Estimates are that the deal may be completed in the coming weeks. Moreover, its terms imply that Lukoil will not benefit from the operation as long as the war in Ukraine continues.

The former owner of Chelsea is buying shares of I have locked him at a discount of 70%. A consortium led by American billionaire Todd Boali, former co-owner of the Chelsea football club, is preparing a deal to exchange frozen Lukoil shares for the Russian company's foreign assets, Reuters reports. According to the agency, representatives of the consortium bought frozen shares of Lukoil from American and British funds, as well as from deposit banks, which were previously written off due to sanctions against Russia. The papers, according to sources, were purchased at a 70 percent discount. Estimates are that the deal may be completed in the coming weeks. Moreover, its terms imply that Lukoil will not benefit from the operation as long as the war in Ukraine continues.