Abramovich wants to sell Chelsea to the Arab billionaires
Sunday, January 18, 2009
Roman Abromovich is considering selling Chelsea to the Arab billionaires, according to the British Sunday 'The Sunday Times.
Representatives of the Russian oligarch has traveled to Saudi Arabia and Dubai to probe the possible interest in the London club.
At least one of those meetings was with members of the Saudi royal family, said the newspaper, which is not known to be concerned when someone.
The news "is nonsense"
A Chelsea spokesman insisted on Saturday that Abramovich remains entirely committed to the London club, which has invested hundreds of millions of pounds and described as "nonsense" the news.
He bought Chelsea in 2003 by 60 million
Abramovich bought Chelsea in 2003 by 60 million pounds and took over passage of another 80 billion debts.
Since then it has invested at least 500 million pounds (550 million euros at current exchange rate) in loans to the club for signing new players.
According to some sources, if Abramovich see how to recover the money invested, could decide to sell it.
The transaction could close to 880 million
Sources in the City of London believe that Abramovich could require at least 800 million pounds (880 million euros) by the club.
Representatives of the Russian oligarch has traveled to Saudi Arabia and Dubai to probe the possible interest in the London club.
At least one of those meetings was with members of the Saudi royal family, said the newspaper, which is not known to be concerned when someone.
The news "is nonsense"
A Chelsea spokesman insisted on Saturday that Abramovich remains entirely committed to the London club, which has invested hundreds of millions of pounds and described as "nonsense" the news.
He bought Chelsea in 2003 by 60 million
Abramovich bought Chelsea in 2003 by 60 million pounds and took over passage of another 80 billion debts.
Since then it has invested at least 500 million pounds (550 million euros at current exchange rate) in loans to the club for signing new players.
According to some sources, if Abramovich see how to recover the money invested, could decide to sell it.
The transaction could close to 880 million
Sources in the City of London believe that Abramovich could require at least 800 million pounds (880 million euros) by the club.
January 18, 2009 at 9:15 PM
Probably Roman Abramovich is sick and tired of Chelsea. After spending billions, Chelsea is nowhere near Manchester United. I think Abrahmovich is hoping to cash in on Chelsea like Thaksin the former PM of Thailand did.
August 2, 2010 at 1:13 AM
Abramovich wants to sell Chelsea football club - paper. tycoon owner of Chelsea FC, could sell the London club to an Arab country in the Persian Gulf.The owner does not have to sell Chelsea.
August 6, 2010 at 5:45 PM
Oh, really is nonsense, although there is such a thing is possible, but so many signs that the hype may not necessarily.
August 12, 2010 at 1:22 AM
Part of the reason for considering such a proposal is the fact that Abramovichs wealth has fallen sharply in the global downturn.
Philip Beresford, who compiles The Sunday Times Rich List, conservatively estimates that Abramovich has lost three billion pounds of his 11.7 billion pound fortune.
August 17, 2010 at 8:19 PM
Report has it that Al-Fahim, who is the CEO of Hydra properties in Abu Dhabi and who also is the chairman of Falcon Equity a Swiss based private equity partnership has drawn up a proposal with Falcon Equity
August 27, 2010 at 9:04 PM
Part of the reason for considering such a proposal is the fact that Abramovichs wealth has fallen sharply in the global downturn.
August 31, 2010 at 6:42 PM
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September 6, 2010 at 11:40 PM
Chelsea, however, insisted last night that Abramovich was still fully committed to the club on which he has lavished hundreds of millions of pounds.
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September 13, 2010 at 7:36 PM
Roman Abramovich has ruled out selling Chelsea to a consortium of ... John Mann has insisted the Russian billionaire has no intention of selling to .... No we don't want Drogba back he has been disgraceful.
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September 26, 2010 at 5:53 PM
According to the paper, at least one of the meetings was held with members of the Saudi royal family but there has been no evidence so far of a potential buyer.
September 28, 2010 at 5:26 PM
Arab billionaire, Dr-Suleiman al-Fahim in conjunction with a group of German investors are already putting up plans to bid for English clubside.
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October 11, 2010 at 8:02 PM
How did roman abromovich make so much money?
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