Chelsea ‘reject £2.5BILLION takeover bid’ as Roman Abramovich advisor insists sale process ‘will not be rushed’
ROMAN ABRAMOVICH will ‘not rush’ into selling Chelsea after reportedly rejecting an offer worth £2.5BILLION.
The Russian is looking for £3bn after deciding to cut his ties with the club following questions over his links to Russian president Vladimir Putin.
And the 55-year-old is seemingly adamant he will not compromise over his valuation, despite the risk of asset sanctions from the UK government.
A reported offer of £2.5bn from an unnamed bidder has been rejected by the oligarch, according to Reuters.
Joe Ravitch, co-founder of investment bank Raine Group LLC, is the man in charge of seeking out the next owners.
And he said the club are eager to source a buyer who who is the ‘best steward’ for Chelsea going forward, while also securing a fair price.
He went on to tell Reuters: “We are not going to rush anything. It is very important that Chelsea have the right owner to guide the club forward.”
Egyptian billionaire Lotfy Mansour has already pulled out of the race to purchase the club.
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The Chelsea season ticket holder stated he will not pursue ownership of the Champions League holders.
It leaves the American-Swiss billionaire consortium of Todd Boehly and Hansjorg Wyss as current favourites to take over.
Wyss reportedly wants to buy Chelsea as he has a personal grudge with Abramovich.
Although at least two other groups are also considering a bid, including Jim Ratcliffe.
Ratcliffe is one of Britain’s richest men, worth around £6bn, and could lodge a proposal via his Ineos empire.
More offers for the south-west Londoners are expected to be tabled in the coming days.
Abramovich plans on donating all the profits from the sale to the victims of the war in Ukraine.
He bought Chelsea for £140m in 2003, and is wiping £1.5bn worth of debt owed to him by the club.
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