Sports

Abramovich has put Chelsea up for sale

Roman Abramovich puts Chelsea up for sale as Swiss billionaire Hansjorg Wyss reveals approach. Abramovich is inviting potential buyers to bid for the club this week.

It is understood that potential buyers have been contacted by an American-based merchant bank, claiming to be in charge of the sale of Chelsea.

Interested parties are thought to have been told that Abramovich wants around £4 billion for Chelsea, but sources close to the process believe that he can only expect to receive bids in the region of £2bn.

It is understood that parties have been encouraged to make their best bids by the end of this week, with Abramovich now under huge pressure to sell Chelsea.

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