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Chelsea owner Roman Abramovich puts club up for sale at £2BILLION’

Chelsea owner Roman Abramovich has hired New York bank Raine Group in preparation for selling off the club, according to The Sunday Times.

The bank is said to have valued the club at £2billion and Chelsea have engaged their advisors after they helped Manchester City sell a 13 per cent stake in the club to China Media Capital for £265m in 2015.

It is unclear whether they would look for new owners or to sell a stake in the club which Roman Abramovich bought for £140m in 2003 but the move comes at a critical time for Chelsea, who look overwhelmed by the scale of the wealth of clubs such as Manchester City and Paris Saint Germain.Chelsea have been successful under Abramovich but are struggling with super-rich rivals

The post Chelsea owner Roman Abramovich Puts club up for sale at £2BILLION’ appeared first on Sportblitzz.



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Chelsea owner Roman Abramovich puts club up for sale at £2BILLION’

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