Premier League side Chelsea considering takeover bids amid bankruptcy risk

0


premier league

The reigning UEFA Champions League champions could go bankrupt if owner Roman Abramovich is sanctioned, according to reports. As a result, the Russian businessman might be forced to sell the club to new owners.

Chelsea's Roman Abramovich and Cesar Azpilicueta
© Darren Walsh/Getty ImagesChelsea’s Roman Abramovich and Cesar Azpilicueta

In the context of Russia’s invasion of Ukraine, possible takeover proposals for chelsea were drafted, according to a report. The reigning Champions League winners belong to Roman Abramovicha Russian oligarch who has been linked to Russian President Vladimir Putin in the past.

The British government on Thursday announced multiple sanctions against Russia and its assets in the United Kingdom in response to the Russian invasion of Ukraine. Since 2003, Russian billionaire Abramovich has controlled the Stamford Bridge outfit, spending big and managing the club’s most successful era.

The businessman has seen his side win the Premier League five times, as well as two UEFA Champions League trophies after last season’s win. Despite the fact that the owner of the Blues has not yet been sanctioned directly, Bloomberg reports that interested parties at the London club are closely monitoring the matter.

Abramovich could be forced to sell the club or he will go bankrupt

Potential suitors have begun drafting takeover bids, some apparently located in the United States, but the parties involved remain unknown at this time. These Chelsea buyer rumors are still unidentified.

Otherwise, on the side of Thomas Tuchel could go bankrupt if their owner is sanctioned by the UK and demands money from him, according to reports. According to the English outlet, the TimesUK ministers are debating whether to freeze or seize the billionaire’s assets.

Also, it was said that there have been calls for him to lose his ability to own a football club in the UK. However, if that happens, he can demand that Chelsea repay him $2 billion in debt.



Source link

Share.

About Author

Comments are closed.