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Chelsea Owner Roman Abramovich Puts Club Up For Sale For £2 Billion

Chelsea Owner Roman Abramovich Puts Club Up For Sale For £2 Billion

Chelsea owner Roman Abramovich put up club for sale there by hiring Bank Raine Group in New York in preparation for selling off the London team, 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 uncertain whether they would look for new owners or to sell a stake in the club to Abramovich which he bought for £140m in 2003 but the move comes at a critical time for Chelsea, who look overwhelmed by the rate of wealth by other clubs such as Manchester City and Paris Saint Germain.

Wittysports - Chelsea Owner Roman Abramovich Puts Club Up For Sale For £2 Billion

In May, following the political sanctions Great Britain imposed on Russia in response to the Salisbury poisoning, Chelsea announced that Abramovich was putting off a proposed £500m expansion of Stamford Bridge.

They couldn't qualify for the Champions League for the second time in three years, having previously qualified for the competition every year since Abramovich took over.

They are yet to convince Eden Hazard to sign a new contract or risk selling him to Real Madrid next summer when he will have just one more year left on his contract.

Chelsea need to rebuild the team in favour of new manager Maurizio Sarri after having allowed talents such as Mohamed Salah, Kevin de Bruyne and Romelu Lukaku to leave the club in past years.

Wittysports - Chelsea Owner Roman Abramovich Puts Club Up For Sale For £2 Billion


Chelsea have enjoyed a long spell of success since Roman Abramovich completely takeover the club in the summer of 2003.

They became the first London club to the win the Champions League in 2012, as well as earning five of their six league titles in this era. 

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