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Roman Abramovich considers selling Chelsea after rejecting bids

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Roman Abramovich considers selling Chelsea

Bloomberg are reporting that Abramovich is set to move out of England, where he owns a mansion in Kensington next to the Russian embassy.

Mark Galeotti, a expert and senior fellow at the Institute of International Relations in Prague, told Bloomberg that he may decide to move himself back to , despite having recently acquired an Israeli passport.

“Abramovich spent money to buy himself a certain entree or cachet into British society, but some of the social expectations about being big in British football have not quite played out,” he explained.

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He’s high-profile and Kremlin-connected enough to be a useful poster child for this new campaign against . He may decide it’s not worth it to stay.”
he rejected them and is holding out for £2.28bn ($3bn).

Abramovich has reportedly hired New York merchant bank Raine Group LLC to advise him on a sale of the club.

Roman Abramovich considers selling Chelsea

British authorities are reportedly using Abramovich to put pressure on President , who he is close allies with.

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The government ordered a full review of all wealthy Russian immigrants in Britain after the poisoning of Sergei Skripal and his daughter Yulia in March.

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