Home Premier League Chelsea FC Abramovich planning to sell Chelsea

Abramovich planning to sell Chelsea

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Reports suggest that Chelsea owner Roman Abramovich is looking to sell the club. The Russian previously rejected an approach from Silver Lake partners, a US private equity firm.

It is said that Abramovich’s directors have hired a specialist investment bank to assist them. Previously, British billionaire Sir Jim Ratcliffe made an offer to buy the club. However, Abramovich turned his offer down because he wanted a higher bid.

Abramovich became the Chelsea owner in 2003, buying the club for £140 million. Ever since he became the owner, Chelsea have endured one of their most success spells, winning 5 league titles and the Champions League in 2012. They also signed some brilliant  players like Eden Hazard, Didier Drogba, Ashley Cole and many more during that period.

Last season, Chelsea came 5th and missed out on the Champions League. However, they have begun this season well by winning both their matches so far . Chelsea play Newcastle   today.

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