Abramovich Demands £500M From Chelsea’s Prospective Buyers

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The ongoing tussle in finding a new owner for Chelsea has reportedly taken another twist with sanctioned owner Roman Abramovich demanding an additional £500million for the club.

According to Sky News, the trio of billionaire-studded consortia were informed in the last 48 hours of Abramovich’s request.

They state that the Russian wants this figure guaranteed to increase the pot that will be handed to charitable causes.

It is believed that this total will see the value of Chelsea reaching at least £2.5billion – with £1bn of that being donated to charities.

Abramovich, 55, was sanctioned last month on the back of his homeland Russia’s invasion of Ukraine in February. Russian oligarchs have been targeted since the start of the war and Abramovich was a known ally of president Putin.

Abramovich had already lined up to sell the club following the invasion, and he still will be able to do so as long as he doesn’t financially benefit from the sale. Chelsea must now operate under a stringent government licence, to ensure Abramovich does not profit from it.