Countries Abramovich Doesn’t Want Them To Take Over Chelsea After Submitting Bids Revealed

According to the Daily Mail, there’s still a risk Chelsea can end up in administration as a result of the current turmoil at the club.

As it turns out, Roman Abramovich still has a say in the sale process despite the UK freezing his assets.

Moreover, he can veto bidders from Britain or the United States as these countries have supported sanctions against Abramovich and his fellow Russian oligarch as a response to the war in Ukraine.

Most of the bids have come from the consortium led by American or British individuals.

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The largest bid from outside the US and Europe has come from the Saudi Media who have reportedly offered £2.66bn. However, the UK government is unlikely to back that approach after a backlash against a takeover at Newcastle.

As a result, such uncertainty could yet ‘push Chelsea into administration’ which would mean a 9-point deduction.

Of course, this being the Daily Mail, we should be taking such stories with a pinch of salt. We can only hope that Abramovich will keep his word and do the right thing for the club.