Abramovich Sets To Cash In On Chelsea FC

Roman Abramovich is understood to want £3billion to sell Chelsea.



Despite the insistence on not to sell the club, the Russian billionaire owner is believed to be ready to cash in as he plans to quit London.

It is claimed Abramovich has already turned down an offer in the region of £2.3bn while he holds out for the amount he wants-the figure would represent a world record fee.

The Chelsea owner has been frozen out of England by visa problems which have forced the club to put an hold on plans to restructure Stamford Bridge.

Amid heightened tensions between this country and Russia, Abramovich opted not to renew his UK residency visa in the beginning of this year and an application to live in Switzerland was also rejected, but he got Israeli citizenship in May.

It was also made known that Abramovich have hired merchant bank Raine Group to counsel him over the possible sale of the club.

Chelsea reiterated his commitment to the club remains intact but there are concerns he could still walk away.