Chelsea owner, Abramovich after initially relinquishing the running of the London Club to trustees, later decided to sell the club
By Kehinde Okeowo
Chelseas’ billionaire owner, Roman Abramovich is said to be more disposed to selling the West London outfit to investors who are willing to sustain his huge spending at Stamford Bridge.
Abramovich after initially relinquishing the running of the club to trustees, later announced that he had put Chelsea up for sale, and argued the decision is in Chelseas’ ‘best interest’.
The 55-year-old decided to sell Chelsea after the threat of sanctions from the UK Government and the aftermath of the Russian invasion of Ukraine.
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It is understood that Abramovich, who bought Chelsea for £140 million back in 2003, has set a £3 billion asking price for interested buyers.
However, about ten investors are considering submitting an offer to buy the club, with American investment bank The Raine Group tasked with handling the sale.
Meanwhile, a Swiss-American consortium is leading the race to buy Chelsea and the group is growing increasingly confident that a deal can be reached with the owner in the coming days.
According to Sky Sports, the Russian will prioritise selling the club to investors who are willing to continue the tradition of investing heavily in the football club just like he has done since he bought it.
Meanwhile, former Crystal Palace chairman, Simon Jordan, has slammed Roman Abramovich, labelling him as “one of the worst things to happen to English football” after he decides to sell Chelsea.
Jordan told talkSPORT that Abramovich was not responsible for the rise of the Premier League, as it was on the upward trajectory before he came, adding that he only broke the monopoly of the big teams.
He said, “People were attributing last week the evolution of the Premier League to people like Roman Abramovich.
“With due respect – with the exception of Chelsea – Roman Abramovich was one of the worst things that could have happened to English football.
“We were on a direction of travel that was already upwards. Our Premier League was already flying, we already had the broadcasters throwing money at us – hand over fist.
“What you did was you created hyperinflation. You might have broken up the duopoly, you might have stopped the powerhouses that were United and Arsenal for a period of time.
“But that was going to happen anyway because ownership models were changing anyway.”
