Russian Billionaire Abramovich has enlisted the administrations of a New York bank, Raine Group to help the offering of the English football club.
The Sunday Times revealed that Raine Group estimated Chelsea FC at a stunning £2billion after the bank's administrations were utilized by Abramovich.
Chelsea's counsels helped another English Football club, Manchester City, offer a 13 percent stake in the club to China Media Capital for £265m in 2015.
Modalities of club's deal uncertain
According to Daily Mail, the modalities of Chelsea deal is yet to be uncovered or clear to anybody.
Additionally reports that it is hazy whether the recently utilized consultants would search for new CEO to purchase Chelsea or to pitch a stake in the club to intrigued associations.
Abramovich purchased Chelsea FC in 2003 for £140m and ha invested alot, taken the club to different statures - winning 15 trophies in 15 years.
The football club delighted in a long spell of progress since Abramovich's takeover in 2003.
Chelsea FC turned into the principal London club to the win the Champions League in 2012 and furthermore earned five of their six association titles inside a similar edge of time.
The move to auction Chelsea or stake in the football club is coming at a basic time when the abundance of clubs, for example, Manchester City and Paris Saint Germain is viewed as overpowering
Monday, August 27, 2018
Russian Billionaire Abramovich Puts Chelsea For Sale Valued At £2billion
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