English Premiership

Abramovich puts £2.5bn price tag on Chelsea

Roman Abramovich (AFP)
Roman Abramovich (AFP)

Cape Town - Chelsea owner Roman Abramovich is open to selling the club if the £2.5 billion price tag is met, according to widespread reports.

The Premier League outfit has previously denied that the Russian billionaire is willing to sell the club.

According to the Guardian website, Chelsea rejected a minority stake in the club from an American private equity firm.

In June 2018, the London side also declined £2 billion offer from Britain's richest man Sir Jim Ratcliffe.

Abramovich, 51, bought Chelsea in 2003 and has overseen the club win five Premier League titles, five FA Cups and a famous 2012 Champions League final triumph over Bayern Munich.

If Abramovich were to sell the club for the asking price, it would be the biggest takeover in football history following the Glazer family's £790m purchase of Manchester United in the early 2000s.

Meanwhile, the Russian has invested heavily into the club during the off-season breaking their transfer record to sign goalkeeper Kepa Arrizabalaga with Maurizio Sarri entrusted with the role as manager.

Interest in buying Premier League clubs are increasing as Liverpool recently declined a £2bn offer from offer from an Abu Dhabi Sheikh.