We will be covering all the latest updates surrounding Roman Abramovich’s decision to sell Chelsea, this comes after an Exclusive from Matt Law and Nizaar Kinsella which both say Chelsea are now up for sale.
The price is estimated to be around £2-3bn, we already know that a Swiss Billionaire wants to buy Chelsea, with American investors behind him. Offers are expected to reach Abramovich this week, however he has confirmed that the sale of the club will not be fast tracked, so expect Roman to sell to the individual / group he believes is the best for Chelsea Football Club.
LIVE UPDATE SECTION :
END OF BLOG: Thank you for following the latest updates around the sale of Chelsea, we are now switching to a new blog under the featured section for our site, which will cover more updates however the news will be mixed in with Roman Abramovich news as he has just been sanctioned by the Uk government.
WEDNESDAY 9TH MARCH :
Abramovich is considering how to proceed after reviving an official proposer from a consortium fronted by Boehly and Wyss ( Jacob Steinberg )
Nick Candy could be handed a boost in his bid to buy Chelsea as he is prepared to rebuild the stadium. ( Matt Law )
The Rickets Family had previously been considering owning AC Milan and have been contemplating a Chelsea bid, help could come from Ken Griffin, another US based Billionaire ( The Athletic )
TUESDAY 8TH March 2022 :
Todd Boehly has submitted his first official bid, it’s been in around 48 hours and he’s now waiting for Abramovich’s response ( @Matt_Law_DT ) ( 6:20PM )
Turkish Businessman Muhsin Bayrak says that he’s made an offer which is under £2.5BN but that he is meeting officials in London on Thursday, he believes that Chelsea is the most prestigious club in Europe. ( 4:50PM )
MONDAY 7TH MARCH 2022 :
EXCLUSIVE : Saudi Media have expressed their interest in buying Chelsea, the company has offices in Dubai, Saudi Arabia and UAE. One potential hurdle will be Chelsea not accepting political bids from certain countries. Nizaar Kinsella ( 6:21 PM )
The Rickets family, owners of Chicago Cubs, and British Billionaire Nick Candy, have failed to respond to Telegraph Sport over their supposed interest ( Matt Law ) ( 4:56pm )
Buyers have been put off by the extra £1Bn they would believe it would cost to re develop Stamford Bridge. ( Matt Law ) ( 4:54pm )
The Athletic Article Roundup : Sale could take several months, asking price close to £3Bn, new owner has to have best interests of club at heart and Abramovich could still even be Chelsea owner in the summer. ( 11:33AM )
SUNDAY 6TH MARCH 2022 :
Wyss and Boehly are unlikely to meet the £3Bn asking price. ( Sky Sports News ) ( 1:07PM )
Roman Abramovich’s asking price is £3 BILLION and wants to sell to someone or a group who will keep investing the squad with a view to redeveloping Stamford Bridge or Building a new stadium. ( @SkySportsNews ) ( 1:05 PM )
SATURDAY 5TH MARCH :
Roman Abramovich’s group has rejected a £2.5Bn offer from Todd Boehly ( Sky News ) ( 5:40PM )
FRIDAY 4TH MARCH 2022 :
Roman Abramovich’s decision has led to over 300 expressions of interest, with atleast 10 considered credible buyers ( ESPN Sources ) ( 11:01PM )
CONFIRMED : a representative for The Turkish businessman Muhsin Bayrak has confirmed to the guardian that Muhsin has bid for Chelsea. ( 6:42pm )
As many as 10 potential buyers are interested in Chelsea, American Bank raine are handing the bids, ( Matt Law ) ( 6:36pm )
Muhsin Bayrak has made an offer to Abramovich to buy the club. “ We are in the negotiation phase with signatures, we will fly the Turkish flag in London soon! “ ( @yenisafak ) ( 2:20 PM
Sources say buyers are unlikely to come from countries like Saudi Arabia or China as Chelsea wants to ensure the change of ownership is not politically controversial. ( reuters)
Boehly and Wyss vision for Chelsea is to make it more of a sustainable club, rather then use it like a toy, there are said to be atleast 2 other parties interested in Chelsea. ( @NizaarKinsella ) ( 10:58 AM )
a spokesman for Loutfy Mansour tells me: “In light of the recent media speculation, we want to make it clear that we are not pursuing a bid for Chelsea Football Club at this time.” ( @JacobSteinberg ) ( 10:25 AM )
“ We are hearing that there’s a number of bids in already registered with Roman Abramovich, talk of the sort of £3BN mark, we’re not sure on the exact veracity ( accuracy ) of that “ via @David_Ornstein ( 10 AM )
THURSDAY 3RD MARCH 2022 :
Wyss and Boehly approached Marina Granovskia and want her to stay, talks progressing over the sale of the club to them. ( @Nathan_Gissing CFCNewsPage ) ( 7:36pm )
Roman Abramovich has already received several bids worth £3BN. ( @NickPurewal ) ( 7:18pm )
Sir Jim Ratcliffe will not be buying Chelsea and there’s no substance to the reports, according to his spokesperson. ( 10:17AM)
WEDNESDAY 2ND MARCH 2022 :
Sources say Marina Granovskia and Bruce Buck are unlikely to stay under a new ownership. ( @JacobSteinberg ) ( 9:36pm )
Arabs have enquired for the football club, however they are yet to make any offers. ( @Nathan_Gissing ) ( 9:35pm )
Several bids for Chelsea have already been placed. ( Nizaar Kinsella ) ( 5:55pm )
1 other party is preparing an offer aside from Wyss, and other potential investors have yet to publicly show their hand, the situation is very fluid, ( @JacobSteinberg ) ( 5:56pm )
The Swiss – US bid has competition ahead of a Friday deadline set by Abramovich, leaks of other interested parties could emerge. ( @NizaarKinsella ) ( 5:25pm )
Matt Law confirms the news below, official offer expected soon from them. ( 4:26pm )
American Billionaire Todd Boehly is behind the Swiss Billionaire Hansjorg Wyss, the two have teamed up before according to @nicola_imfeld ( 4:17pm )
Several parties that have been contacted are from USA, whilst others are from Asia, sources close to the process understand as many as 8 Multi – Billionaires have been sounded out.( @MarkKleinmanSky ) ( 2pm )
Bids of £3bn are expected to be taken seriously, per Sky News. ( 3pm )
Roman Abramovich is hoping to start a bidding war for Chelsea FC. ( @MiguelDelaney @Independent ) ( 1:09pm )
Breaking: Hansjörg Wyss is now leaving Basel, Switzerland and heading back to the United States where he lives. He seems confident that a deal could get done, but stresses that it would take at least a week or two for his American consortium to get all sorted out. ( 11:35am )
Roman Abramovich’s asking price is said to be 2.6 Billion £ and is preparing for a total exit from the UK economy. ( @NizaarKinsella @goal ) ( 11:25am )
