Who is looking to buy Chelsea from Roman Abramovich and what happens next?

Who Is Looking To Buy Chelsea From Roman Abramovich And What Happens Next?
Russian-Israeli billionaire Abramovich has owned Chelsea since 2003 but announced earlier this month that he would be selling the Premier League club. Photo: PA
Share this article

By Nick Purewal, PA

Roman Abramovich’s decision to sell Chelsea will carry extended impact for the Blues.

Here, we look at the state of play at Stamford Bridge.


How did Abramovich’s decision to sell come about?


Russian-Israeli billionaire Abramovich has owned Chelsea since 2003 but announced on Wednesday, March 2nd that he would be selling the Premier League club. Russia’s continued invasion of Ukraine has forced Abramovich’s hand, amid major geopolitical upheaval.

How did that news go down?

Luton Town v Chelsea – Emirates FA Cup – Fifth Round – Kenilworth Road
Thomas Tuchel, pictured, responds to news of Roman Abramovich’s decision to sell Chelsea (Nick Potts/PA)


Chelsea’s staff, coaches and players were caught slightly by surprise, especially given the timing. The Blues were at Kenilworth Road, going through late preparations for the FA Cup fifth-round tie against Luton, that Chelsea won 3-2.

What happens now?

Chelsea owner Roman Abramovich announces he is selling the club
Stamford Bridge, pictured, will play host to a new owner soon (John Walton/PA)

American merchant bank The Raine Group has been engaged to handle the sale, and prospective bidders are busy compiling their offers.


What has interest been like?

Roman Abramovich
Roman Abramovich, pictured, has owned Chelsea since 2003 (Adam Davy/PA)

Chelsea are understood to have already received several serious offers, with the Blues hierarchy expecting more bids to come. Chelsea’s status as Champions League holders and one of the world’s most prominent clubs means no shortage of suitors are interested.

So what’s the asking price?

Chelsea v Liverpool – Carabao Cup – Final – Wembley Stadium
Big-name signings like Romelu Lukaku, pictured, have put Chelsea among the world’s footballing elite (Nick Potts/PA)

Abramovich is thought to be confident of achieving in the region of £3 billion (€3.6 billion), while several interested parties are clearly in the stage of exploring lower bids. Chelsea’s current owner is determined the sale will follow standard procedure and timescale.

Who is in the frame to buy the club?

America’s Cup Race Boat Launch Event
Jim Ratcliffe, pictured, is among those to have been linked with a move to buy Chelsea (Andrew Matthews/PA)

Swiss billionaire Hansjorg Wyss and American magnate Todd Boehly were the first to make their intentions public on a bid for the Blues, with a consortium offer being composed. Turkish businessman Muhsin Bayrak has also claimed a bid. A string of other names have also been linked, though no one else has made their candidacy public. Jim Ratcliffe’s spokesperson denied a bid last week, but the Ineos boss has held prior interest in the Blues. Another British billionaire Nick Candy has been linked to a bid, while several investors in US sport are harbouring interest too.

Will Chelsea remain a major global power after the sale?

Chelsea Football Club Handout Photos
Roman Abramovich, right, with women’s team manager Emma Hayes, left, in Jerusalem. The Chelsea owner’s campaigns against racism and anti-Semitism have come to prominence in recent years (Shahar Azran/Chelsea Football Club)

Abramovich is thought to be determined to transfer Chelsea to owners matching his ambitions for the Stamford Bridge club. The 55-year-old has pledged to write off the £1.5bn of loans, and hopes to be able to donate in the region of £2bn to a newly-created charitable foundation to aid victims of the war in Ukraine, from all sides of the conflict. Only time will tell however on Chelsea’s continued strength: the eventual new owners must continue heavy investment and treat Chelsea as an elite sporting entity in every aspect to preserve the status quo.

Read More

Message submitting... Thank you for waiting.

Want us to email you top stories each lunch time?

Download our Apps
© BreakingNews.ie 2024, developed by Square1 and powered by PublisherPlus.com