ROMAN ABRAMOVICH’s decision to sell Chelsea has reportedly sparked over 300 parties who have expressed interest in a takeover.
The billionaire has decided to sell it after 19 years of ownership due to his questionable ties to Russian President Vladimir Putin.
The 55-year-old wants a £3bn offer to approve a sale after buying the club for £140m in 2003.
News of a sale has prompted over 300 “expressions of interest” in becoming the new owners of Chelsea, according to ESPN.
New York investment bank Raine Group LLC is tasked with finding a buyer for Abramovich.
Joe Ravitch, co-founder of the Raine Group, is helping find the “best steward” for Chelsea and is also aiming for a fair price, according to Reuters.
And despite the influx of interest, Ravitch said: “We’re not going to rush things. It’s very important that Chelsea have the right owner to move the club forward.”
Of the 300+ dreaming of taking command of the European champions, only 10 are said to be credible buyers, able to spend the £3bn they want.
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One of them is “moneyball” genius Billy Beane, who is backed by US investment firm RedBird Capital Partners.
The company bought an 11 per cent stake in Liverpool’s Fenway Sports Group last year but is said to be interested in buying its own team.
Elsewhere, Turkish billionaire Mushin Bayrak has been touted as a potential buyer.
It was reported that Abramovich flew to Turkey on a private plane earlier this week to meet the 38-year-old, who appears genuinely interested in Chelsea.
Bayrak himself said he was in talks to buy the Blues and negotiations are already underway.
Other candidates are Briton Sir Jim Ratcliffe, US tycoon Todd Boehly and Swiss entrepreneur Hansjorg Wyss.
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https://www.the-sun.com/sport/4828869/abramovich-chelsea-300-buyers-takeover/ Abramovich has more than 300 groups interested in buying Chelsea, with 10 bidders believed to be credible buyers for the £3billion club