Roman Abramovich to sell Chelsea FC for record fee of R367 billion

Roman Abramovich to sell Chelsea FC for record fee of R367 billion

- Roman Abramovich has put Chelsea for sale for £2billion

- The Russian billionaire has recently been having problems with the British government

- Abrahamovich earlier in the year rejected a bid from Britain's richest man, Sir Jim Ratcliffe

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Russian billionaire, Roman Abramovich, has reportedly put Chelsea up for sale with a price tag of more than £2billion.

This follows the Abramovich's oligarch’s dispute with the British government in recent months over his visa status.

The enormous figure demanded for Chelsea would smash the world record fee for the sale of a football club in history.

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If purchased, it would nearly triple the most expensive takeover in history — the Glazer family’s £790million purchase of Manchester United in 2006.

According to The Sunday Times, the Raine Group has been hired to assist with the deal and will seek interest from China, the US and the Middle East.

Briefly.co.za learned that the investment bank also helped Manchester City’s Abu Dhabi owners to flog a 13 per cent stake to Chinese investors for £1.9billion.

Abramovich is said to have rejected a £2billion bid for his Stamford Bridge outfit from Britain’s richest man Sir Jim Ratcliffe earlier in the year.

The 51-year-old Russian, who has an estimated fortune of £9billion, recently acquired Israeli citizenship amid his visa row in Britain.

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He also stopped plans for a new 60,000-capacity stadium for the Blues that would have cost an estimated £500million.

Once renowned as big spenders, Chelsea’s transfer dealings this season have also been slowed down significantly compared to their rivals.

Tuko.co.ke reports that Abramovich has been in charge of Chelsea since taking over in July 2003 when he bought the west London club for £140million from Ken Bates.

Under his ownership, the club have won five Premier League titles, the Champions League, the Europa League and the FA Cup five times.

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Source: Briefly.co.za

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