A group of German investors could be ready to end the Abramovich era at Chelsea.
The deal is being put together by Dr Sulaiman al Fahim, who worked on the £200 million deal which saw Sheikh Mansour assume control of Manchester City last year, and Switzerland-based private equity firm Falcon Equity.
While Chelsea chief executive Peter Kenyon has been keen to play down talk of the club changing hands in the near future, Al Fahim believes every club has its price.
"It's not entirely clear if Chelsea is for sale, but regardless of that, we first need to see if we are in a position to buy it," he said.
"Given that Roman Abramovich has invested over £500 million into the club, it would not be cheap, and with the current credit crunch, nobody wants to be over-exposed on one deal. But through a number of investors, there is money available to put together a deal."
Abramovich, who bought Chelsea in a £140 million deal in 2003, has himself been hit by the credit crunch but is understood to be under no pressure to sell because of financial reasons.
Chelsea lie third in the Premier League and take on Ipswich Town in the FA Cup at Stamford Bridge tomorrow (Saturday, January 23rd).
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010
