Roman Abramovich ‘WILL NOT sell Chelsea’ as he pulls the plug on any sale with no buyers putting up the £2.5bn asking price
- Chelsea owner Roman Abramovich has ruled out the chance of selling the club
- His issues with the UK government had fuelled speculation he could sell up
- Frank Lampard’s sensational start as manager has reignited his love for the club
- No buyers were willing to put up the £2.5bn asking price so he pulled the plug
Roman Abramovich has no intention of selling Chelsea after seeing his love for the club reignited by the start Frank Lampard has made as manager.
Abramovich, once a regular fixture in the directors’ box at Stamford Bridge, has been locked in a visa row with the UK government in recent months and hasn’t been seen around the club.
The issue fuelled speculation that he may look to sell the Premier League giants, but The Telegraph has now revealed he has no intention of striking a deal.
Roman Abramovich has no intention of selling Chelsea after their start to the season
The report claims two ‘close associates’ have confirmed the club is now off the market after there were no serious bids in the 18 months since a sale was first considered.
It is claimed a Middle East-based consortium was quoted £2.5billion for Abramovich’s but pulled out of a deal due to ‘complications relating to a proposed £1.2bn redevelopment of Stamford Bridge.’
The Russian billionaire has now decided against selling the club because of the progress made on the field by Lampard. The club legend has guided the Blues to third in the Premier League table, one point clear of Manchester City.
The club’s FIFA-imposed transfer ban makes the start to the season even more impressive but their credentials will be put to the test when the travel to Pep Guardiola’s reigning champions on Saturday.
Frank Lampard’s men sit fourth in the Premier League table after a strong start to the season
It is hoped this will mean Abramovich reconsiders halted plans to redevelop Stamford Bridge
‘Any Chelsea is off the the table as far as Roman is concerned,’ an associate told The Telegraph. ‘He is genuinely very pleased with how things are. Chelsea’s academy is being promoted and this is what he has wanted for some time and it’s finally working.’
It is also claimed Abramovich is ‘not so bothered about actually winning trophies now, but wants to be up there with a young team playing good football and not costing him a fortune’.
Abramovich rejected a bid from Britain’s richest man, Sir Jim Ratcliffe, the chairman and CEO of petrochemicals giant Ineos. He went on to seal a deal for Ligue 1 side Nice over the summer. Silver Lake, a US private equity firm, is also said to have made an approach for a minority stake in Chelsea.
It is also hoped within the club that this surge in enthusiasm for the club will mean Abramovich reconsiders halted plans to redevelop Stamford Bridge. In order to do that he will have to strike a deal with Chelsea Pitch Owners PLC, the group that owns the stadium freehold.