• Football
  • Boxing
  • UFC
  • Home
  • Football
    • England
    • Transfer News
    • Premier League
    • Champions League
    • Lionel Messi
    • Cristiano Ronaldo
    • EA FC 25
    • Wrexham
  • Boxing
    • Tyson Fury
    • Anthony Joshua
    • Oleksandr Usyk
    • Mike Tyson
    • Jake Paul
    • Logan Paul
  • UFC
    • Dana White
    • Conor McGregor
    • Khabib Nurmagomedov
    • Jon Jones
    • Paddy Pimblett
    • Joe Rogan
  • Other Sport
    • Athletics
    • Formula 1
    • MMA
    • Motorsport
    • NBA
    • Darts
    • NFL
    • Snooker
    • Wrestling
    • Tennis
    • Cricket
    • Golf
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Chelsea Could Be Forced Into Administration Over Roman Abramovich's Refusal To Sell To Certain Buyers

Home> Football

Published 19:38 20 Mar 2022 GMT

Chelsea Could Be Forced Into Administration Over Roman Abramovich's Refusal To Sell To Certain Buyers

There are bids for Chelsea but Abramovich could reportedly refuse to sell to anyone from a country that has put restrictions on Russia.

Ryan Sidle

Ryan Sidle

Chelsea could yet be plunged into financial issues by Roman Abramovich, with the Russian ready to be fussy about who buys the club.

Abramovich has been officially looking to sell the club, who he bought in 2003, for the past few weeks, following Russia's invasion of Ukraine.

The billionaire has since been put under sanctions from the UK government, meaning their fans can't even buy tickets to games or merchandise, but the club is still for sale.

Advert

Abramovich hired The Raine Group to help sell the club and, despite the sanctions, is set to have a say in who can buy the club, and that's where the issues could be.

According to the Daily Mail, the 55-year-old could veto any bids that come from countries that have sanctioned Russia in the past few weeks.

If he did that it would mean that he refused to sell to any British or American bids, or even from the EU, leaving minimal potential buyers left.

Abramovich could refuse to sell to some buyers. Image: PA Images
Abramovich could refuse to sell to some buyers. Image: PA Images

Advert

If Abramovich can't find a seller soon then there is a chance of the club going into administration, with them not currently being able to make money, and the owner's accounts having been frozen, whilst players still need to be paid.

The problems are added to by the fact that the UK government, and particularly Chancellor Rishi Sunak, are overseeing the sale of the Blues.

That will be to make sure that Abramovich isn't actually benefiting from the sale, but it could also mean that certain other buyers are ruled out.

Sunak could be reticent to sell to any bidders from Saudi Arabia, especially with the Premier League considering making human rights a part of their fit and proper persons test for new owners.

Advert

They would have to be careful denying any Saudi bid, considering that Newcastle United were only recently bought by the country's Public Investment Fund and Prime Minister Boris Johnson was asked to intervene to help with that sale, though his part is unknown.

Former club captain John Terry wants to be part of a consortium who buys Chelsea. Image: PA Images
Former club captain John Terry wants to be part of a consortium who buys Chelsea. Image: PA Images

Considering the PM also visited the country earlier in the week, as part of a mission for the UK to rely less on oil and gas from Russia, it could be tough for the government to get involved.

It was reported several weeks ago that Abramovich could also refuse to sell to potential buyers from 'politically controversial' countries, as he wants to leave the Blues in good hands following his successful 19 years at the helm.

Advert

John Terry has joined one of the consortiums attempting to take over at Stamford Bridge, and he seems like one British person Abramovich wouldn't refuse to sell to.

The club's future very much remains shrouded in mystery right now and it remains anyone's guess who will be the next owners.

Featured Image Credit: PA

Topics: Roman Abramovich, Chelsea, Premier League

Ryan Sidle
Ryan Sidle

Ryan is a journalist for SPORTbible with over eight years of experience. Passionate about all sports, he mainly covers football and F1 - Daniel Ricciardo once spent an entire interview referring to him as 'Ryan Gosling,' still his proudest moment.

X

@Sidler28

Advert

Advert

Advert

  • Roman Abramovich's true feelings on being forced to sell Chelsea revealed amid former owner's new life 'in exile'
  • Ex-Chelsea owner Roman Abramovich is now living a very different life in 'exile' after being made to sell club
  • Roman Abramovich used to send same brutal text to Carlo Ancelotti whenever Chelsea lost
  • Roman Abramovich to break silence on Chelsea sale after 'starting new life' somewhere completely different

Choose your content:

an hour ago
8 hours ago
9 hours ago
  • an hour ago

    Sir Alex Ferguson left 'furious' by 'careless' piece of commentary by Martin Tyler as full story revealed

    Martin Tyler angered Sir Alex Ferguson with his comment on commentary and apologised to the Manchester United legend.

    Football
  • 8 hours ago

    Thibaut Courtois calls out his own Real Madrid teammates as he makes outrageous claim after PSG defeat

    Real Madrid were eliminated from the Club World Cup following their crushing defeat to Paris Saint-Germain.

    Football
  • 8 hours ago

    Real Madrid fans turn on two players after embarrassing defeat to PSG in FIFA Club World Cup

    Los Blancos were hammered 4-0 by the Champions League winners.

    Football
  • 9 hours ago

    PSG handed Club World Cup final blow as two players immediately banned for Chelsea clash

    Paris Saint-Germain will be without two key players for the Club World Cup final against Chelsea.

    Football