EPL: Chelsea’s potential new owner confirms bid to take over from Abramovich

Turkish billionaire businessman, Muhsin Bayrak has confirmed his bid to take over the ownership of Chelsea Football Club from Roman Abramovich. Abramovich had indicated his intentions to sell Chelsea on Wednesday night.

EPL: Chelsea’s potential new owner confirms bid to take over from Abramovich
Turkish billionaire businessman, Muhsin Bayrak has confirmed his bid to take over the ownership of Chelsea Football Club from Roman Abramovich. Abramovich had indicated his intentions to sell Chelsea on Wednesday night. This development comes after President Vladimir Putin ordered Russian military forces to invade Ukraine. And Abramovich is said to have allegedly held close ties with Putin. Abramovich bought Chelsea in 2003 and has overseen 15 managers and 21 trophies across his 19 years of reign. The Blues owner wants to sell at between £3-4 billion, vowing to donate all net proceeds from the impending sale to victims of the conflict in Ukraine. And now, Bayrak, the billionaire owner of construction company AB Grup Holding, confirmed he is ‘confident’ of completing a takeover after lodging a bid “Yes, we definitely confirm. We have forwarded our offer regarding this to them,” a spokesperson of the Turk told The Guardian. Bayrak had earlier told Turkish media: “We are discussing the terms of Chelsea’s purchase with Roman Abramovich’s lawyers. “We’re negotiating signatures. We will soon fly the Turkish flag in London.”