In The News

Abramovich says he’s ready to sell Chelsea for £2.5bn

The Russian owner of Chelsea Football Club, Roman Abramovich, has indicated his interest to sell the club, only if the potential buyer can pay 2.5 billion pounds.
Abramovich has received numerous inquiries since visa problems this summer led him to put on hold the 1-billion-pound redevelopment of Stamford Bridge, but he is not actively looking to sell the club.
Chelsea sources insisted however insist that the club owner remains committed to the club and has no plans to sell following reports of a failed bid from Silver Lake, an American private equity company which was seeking to buy a minority stake.
Abramovich has also retained Joe Ravitch, of the Raine Group, a boutique bank specialising in sport, technology and media, to broker a sale but the group has acted as consultants for Chelsea.
Visit Us On TwitterVisit Us On FacebookVisit Us On LinkedinVisit Us On Instagram