Sport

Chelsea for sale: Up to 10 parties interested with most of interest set to come from USA

Over the last two decades, Russian, Chinese, and Middle Eastern money has been behind the acquisition of numerous English clubs, but all has changed since the Chinese government's crackdown on foreign investment and Russia's invasion of Ukraine.

Instead, the majority of Chelsea's prospective buyers are believed to be situated in the United States, according to investment firm The Raine Group.

Current owner Roman Abramovich, who has set a £3 billion asking price for the club, wants to ensure that it is sold to someone or a group that will continue his philosophy of investing in the team with the goal of redeveloping Stamford Bridge or creating a new stadium.

Abramovich has financed Chelsea £1.5 billion since acquiring the club for £140 million in 2003. Chelsea's most recent financial statements reveal a turnover of £416 million and an after-tax loss of £145 million for the fiscal year ending 30 June 2021.

Foreign Secretary Liz Truss wants to punish Abramovich, but the National Crime Agency must first show a relationship to Vladimir Putin before the government can take action.

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