Sport
Russia vs Ukraine: Suitors ready to take over Chelsea from Abramovich
There are reports that new owners could take over from Abramovich at Chelsea Football Club.
This is just as latest report has it that suitors of Chelsea FC are on high alert over a possible sale of the prized English football club by billionaire Roman Abramovich.
Accoridng to Bloomberg, any potential sale of Chelsea in these circumstances would be unprecedented in English football. Chelsea is valued at about 1.9 billion euros ($2.1 billion), according to KPMG, meaning a takeover could be one of the largest in the European game. By comparison, Saudi Arabia’s sovereign wealth fund last year bought Newcastle United FC in a deal valuing the U.K. Premier League club at 305 million pounds ($409 million).
The report sauts American investors would show “significant” interest in Chelsea if it came up for sale, said Jeff Moorad, whose MSP Sports Capital has invested in McLaren Racing. The club is “one of the true global brands,” he said in an email.
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