• 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
Turkish 'Billionaire' Muhsin Bayrak Claims He Was Close To Buying Chelsea Before Sanctions

Home> Football

Updated 20:41 10 Mar 2022 GMTPublished 18:42 10 Mar 2022 GMT

Turkish 'Billionaire' Muhsin Bayrak Claims He Was Close To Buying Chelsea Before Sanctions

Bayrak said he's 'incredibly depressed' about the situation.

Daniel Marland

Daniel Marland

Turkish 'billionaire' Muhsin Bayrak claims he was close to buying Chelsea before Roman Abramovich was sanctioned.

Abramovich announced his intention to sell the club last week following Russia's invasion of Ukraine.

Bayrak emerged as a frontrunner to buy Chelsea, but Thursday morning saw Abramovich sanctioned by the UK government which will complicate a sale.

Advert

Chelsea can still be sold, but the money generated from a sale cannot benefit the 55-year-old in any way.

Image
Alamy

Bayrak has since claimed he was close to sealing a deal and there was an official announcement in the works for next week.

"We're in a bad mood. The British government seized it. We were just about to finish the job, applications were made yesterday," Bayrak explained per Gercek Gundem.

Advert

"A press conference was going to be held today, and the handover was going to be next week. I'm incredibly depressed."

Bayrak is chairman of AB Group Holding, a construction and investment company that's been in business since 1999.

Little else is known about Bayrak but his fortune is estimated to be in the region of £8 billion.

Abramovich was initially looking for £3 billion when the sale of Chelsea was completely in his hands.

Advert

Chelsea are set to face Norwich City in the Premier League this evening and they've confirmed the game will be going ahead.

One notable change, however, involves shirt sponsor Three.

The mobile phone firm suspended their partnership of the club hours after the sanctions were laid out.

Three will be removing their logo from Chelsea's shirts and from Stamford Bridge.

Advert

Image
Alamy

Abramovich purchased Chelsea in 2003 and under his ownership, they've become a dominant force in English football.

They've won 19 trophies in 19 years and recently won the Champions League and Club World Cup.

Chelsea released a statement and said they were exploring a way to have their general licence renewed.

Advert

The club can fulfil their fixtures and pay their staff, but are unable to sell any merchandise.

They're also unable to renew player contracts in this period.

Featured Image Credit: Alamy

Topics: Roman Abramovich, Chelsea, Premier League

Daniel Marland
Daniel Marland

Daniel is a social editor for SPORTbible after moving from the writing team. Nearly scored past Stormzy at Old Trafford once.

X

@DanMarland_

Advert

Advert

Advert

Choose your content:

9 hours ago
10 hours ago
11 hours ago
  • 9 hours ago

    Man Utd 'decide' new striker target after accepting defeat in Viktor Gyokeres transfer saga

    Manchester United have another striker on their radar after losing out on Viktor Gyokeres.

    Football
  • 10 hours ago

    Marcus Rashford has made his feelings clear on Harry Kane amid Bayern Munich links to Man Utd outcast

    Marcus Rashford would relish the opportunity to play with Harry Kane judging by his comments about the Bayern Munich star.

    Football
  • 11 hours ago

    Scott McTominay's next Napoli team-mate has already walked out on club

    The player claimed that his former manager called him a 'troublemaker'.

    Football
  • 11 hours ago

    Women's Euros star receives ban for first group match after incident that happened 355 days ago

    A player will have to wait for her first appearance at this year's Women's European Championships following a 2024 incident.

    Football
  • Chelsea insider says Roman Abramovich had 'peeling skin' and 'watering eyes' after being 'poisoned'
  • 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
  • Nicolas Jackson admits he wanted to join shock Premier League club before signing for Chelsea and a deal was very close