More than 10 parties are considering making bids for Chelsea, with investment bankers working on the sale expecting most of the interest to come from the USA.
Russian, Chinese and Middle Eastern money has been behind the acquisition of many English clubs over the past two decades but everything has changed since the Chinese government’s crackdown on foreign investment and Russia’s invasion of Ukraine.
Instead, the majority of potential buyers of Chelsea, who will register their interest with investment bank The Raine Group, are expected to be based in the States.
Recall the current owner Roman Abramovich has set a £3billion asking price, and wants to make sure the club is sold to someone or a group who will carry on his policy of investing in the squad with a view to redeveloping Stamford Bridge or building a new stadium.
Abramovich has loaned Chelsea £1.5billion since he bought the club in a £140million deal in 2003. Chelsea’s latest accounts show a turnover of £416 million and a loss of £145m after tax for the year to 30 June 2021.
Foreign Secretary Liz Truss wants sanction against Abramovich but the National Crime Agency needs to prove a link between the Russian billionaire and Vladimir Putin before the government can take action.
