Sunday, 10 June 2018

Roman Abramovich Rejects Offer To Sell Chelsea For £2 Billion

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Russian businessman Roman Abramovich declined the offer of the richest man in the UK, James Ratcliffe, to sell Abramovich-owned football club Chelsea for 2 billion pounds, London paper Daily Mail reported today.
According to the publication, Ratcliffe, who a month earlier headed the rating of the richest people in Britain according to The Sunday Times with a net worth of £21.05 billion, already owns football club Lausanne-Sport, featured in the top league of Switzerland.
The founder and main shareholder of petrochemical holding Ineos James Ratcliffe, like Roman Abramovich - is a big football fan, attends the matches of Chelsea by subscription, and moreover, owns a mansion near Chelsea stadium Stamford Bridge.

Roman Abramovich bought Chelsea in 2003 for £140 million, but in 15 years he has invested, according to the same newspaper, at least 4 billion pounds in the club - 2.5 billion alone went for salaries of football players. Official representatives of Abramovich and Ratcliffe refused from comments.

In light of Chelsea’s decision to suspend work on rebuilding Stamford Bridge, as well as the UK visa problems that owner Roman Abramovich continues to face, amid rumours of wavering commitment to the Chelsea cause by the Russian oligarch, it was believed that he would consider selling the club if a big offer came.

However, this is not the case, as reports suggest that Abramovich has declined a host of offers to sell Chelsea Football Club. According to Daily Mail, Britain’s richest person, Jim Ratcliffe whose petrol-fuelled wealth far outweighs Abramovich wealth with over £20 billion had his £2 billion offer for Chelsea rejected as quickly as it came. Ratcliffe who is a season-ticket holder at Chelsea can afford to buy his local club although he is a Manchester United fan, and this has come alongside other offers that have been rejected by Abramovich.

The club moved ahead of time to dismiss rumors which insinuated that Abramovich was no longer committed to the club as soon as the delay in the stadium project was announced. Sky Sports reported that the Russian Billionaire still remains more committed than ever to Chelsea just as in the last 15 years since he assumed ownership of the Stamford Bridge outfit.

Regardless, Chelsea would attract the right buyers who are intent on making a mark in European club football even if Abramovich decides to sell the club. However, Abramovich has proved that the club isn’t just a luxury or a money-laundering platform for him, and it will remain so in the foreseeable future.

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