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For Sale! Abramovich Puts £2.5bn Price Tag on Chelsea

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For Sale! Abramovich Puts £2.5bn Price Tag on Chelsea

Roman Abramovich is ready to sell Chelsea if he receives an offer in excess of £2.5billion for the football club, according to reports.

News emerged on Sunday that the Russian businessman, who was denied a new visa to enter the UK back in May, had put Chelsea up for sale and was actively looking for a buyer – though the club denied the reports.

However The Times UK is now reporting that Abramovich has even set an asking price, and will demand at least £2.5bn, a sum that would make any takeover the biggest of a football club in history.

It is also understood that the visa problem also made him put on hold the £1 billion redevelopment of Stamford Bridge, he had planned.

But sources in Chelsea insisted yesterday that Abramovich 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.

Britain’s richest man, Sir Jim Ratcliffe, is also believed to have made a £2bn offer earlier this summer, which was rejected.

Abramovich’s £2.5bn valuation would more than treble the previous most expensive takeover in football history when the Glazer family bought Manchester United for £790m.

Clement Ogunbajo

I'm the definition of 'Dynamic'. A mathematician, analyst and info nerd. I'm my own BOSS.

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