Russian billionaire Roman Abramovich has insisted that he has no plans of selling Chelsea football club anytime in the near future.
Chelsea finished in fifth place on the Premier League table this season outside a top 4 spot and will be ineligible to play Champions League football next season. This was a massive blow to the West London club as they will not be receiving any major funds from the prestigious tournament next season.
The Blues will now have to look elsewhere for funds in order to rebuild their home stadium at Stamford Bridge is set for redevelopment. But due to some poor business, those plans will now be put on hold by the club because of the inability to pay for the rebuilding.
All this has spread rumors around the globe that Chelsea football club would be up for sale as owner Roman Abramovich plans not to take forward any of the club’s overhead costs. The businessman missed the FA Cup final victory against Manchester United that sparked further unrest among the Chelsea camp. However, it is understood that Abramovich has no intentions of selling the club.
According to Sky Sports, Abramovich has committed his future to Chelsea and does not want to sell the club anytime soon. The 51-year-old was also granted Israeli citizenship which meant that he could visit Britain up to six months in a year but will have to apply for a work permit if he wants to keep doing business in the U.K.
British businessman Jim Ratcliffe was linked to taking over Chelsea football club as Abramovich’s successor but Chelsea rejected his offer after an approach.
Business is very tricky and although it seems unlikely that Abramovich would not be willing to sell Chelsea at the moment, the market may force him to because, at the end of the day, he is a businessman. If the club is not doing well financially, he can wash his hands in it and just sell his ownership for a massive sum of money.