When the club is sold, Roman Abramovich says he has not asked for his loan to be repaid.
The UK government imposed sanctions on the Russian billionaire after he put the club up for sale.
The proceeds from the sale will go to good causes, according to a spokesman.
The loan funds were subject to European Union sanctions.
However, they were still earmarked for the foundation that Abramovich wants to set up.
The proceeds of the sale would be donated to war victims, according to the man who was disqualified as a director.
His team had identified senior representatives from United Nations bodies and large global charitable organizations who had been tasked with forming a foundation, according to a statement released on Thursday.
Todd Boehly was selected as the preferred bidder for the Dodgers.
Reports earlier this week suggested that the deal could be in trouble, as it was alleged that the terms of the sale had been altered and that he wanted his loan back.
Suggestions that Mr.Abramovich asked for a loan to be repaid and that he increased the price of the club last minute are false, the statement said.
The statement said that the bidders were encouraged to commit to investing in the club as part of the process.
The operating licence for the club comes to an end on 31 May.
The government didn't say anything.
British billionaire Sir Jim Ratcliffe, who owns energy firm Ineos, made a late bid for the club.
Ratcliffe told the BBC that he was not giving up on buying the club despite reports that his bid had been turned down.
He met with members of the CST, which was concerned if he could complete his bid before the 31 May deadline.
The government must sign off on any bid that does not pass the owners and directors test.
The future of the club is at risk if the process is delayed.
Boehly's group was the preferred bidder after other bids from Sir Martin Broughton and Stephen Pagliuca were not included.
The introduction of measures to protect the club's heritage and ensure supporter sentiment is represented was welcomed by CST.
It said that during the meeting it raised our concerns about Ineos being able to complete the purchase of Chelsea before the 31 May deadline.
According to reports, they are outside of the process and have been rejected out of hand by Raine, which is handling the sale. In the event that this situation changes, we would welcome further discussion.
It is essential that the sale of Chelsea FC is completed quickly and transparent. Raine and the UK government should ensure this happens.
The proceeds of sale should be given to the victims of the war in Ukraine.
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