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.