Chelsea owner Roman Abramovich has hired New York bank Raine Group in preparation for selling off the club, according to The Sunday Times.

The bank is said to have valued the club at £2billion and Chelsea have engaged their advisors after they helped Manchester City sell a 13 per cent stake in the club to China Media Capital for £265m in 2015.

It is unclear whether they would look for new owners or to sell a stake in the club which Abramovich bought for £140m in 2003 but the move comes at a critical time for Chelsea, who look overwhelmed by the scale of the wealth of clubs such as Manchester City and Paris Saint Germain.



In May, following the political sanctions Great Britain imposed on Russia in response to the Salisbury poisoning, Chelsea announced that Abramovich was putting off a proposed £500m expansion of Stamford Bridge.

They have failed to qualify for the Champions League for the second time in three years, having previously qualified for the competition every year since Abramovich took over.

They have also still to convince Eden Hazard to sign a new contract or risk having to sell him to Real Madrid next summer when he will have just one more year on his deal.

Chelsea need to rebuild the team under new manager Maurizio Sarri after having allowed talents such as Mo Salah, Kevin de Bruyne and Romelu Lukaku to leave the club in recent years.



Chelsea have enjoyed a long spell of success since Abramovich completed his takeover in the summer of 2003.

They became the first London club to the win the Champions League in 2012, as well as earning five of their six league titles in this period.

http://www.dailymail.co.uk/sport/football/article-6098673/Chelsea-owner-Roman-Abramovich-puts-club-sale-2BILLION.html

Chelsea the greatest English club of the modern era. A club that really redefined the name called football.

My heart is blue

all the best¡¡! GGMU

Chelshiit has successfully ran this man into depts

I want to buy... I have the money

I will buy it and sell to Arsenal

Abram haf tire

If he likes he should sell it. All I know is that as long as d sky is blue ...... Chelsea shall stand.

My darling club. If I have that money, I....

Chai!

Where's Dangote sef?
This is at a subsidized rate.



Up blues!

Dey don bully d guy, whitesokss

Mr ANDY UBA staring at d offer nd conditions like.......whao! now this is quite tempting mehn! ah!

Davido should buy from his 30b

We are ready to buy.
BLUES for life

SpatialKing:
I want to buy... I have the money

Can you just make sensible comments instead of showing how stvpid u ar onine
Come on u Dan pass this kind comment na bro...

I Taya for u oo

dat money na change for some pple Aza

Can I pay in instalments? £100m per month.

The end of an era. If he eventually sells off the club he will be looking to join mainstream Russian politics. He will be remembered for the money game and memorable players that his money got for EPL... Crespo, Drogba, Makalele, Ballack, and of course Shevchenko!!!

Its all fake news folks... Fake news.

Where is Aliko, food is ready.

Caseless:

Which club are you supporting in England my brother?!

For us : BLUES for life.

Since his business visa was revoked...... Wetin remain?

Tajbol4splend:
Where is Aliko, food is ready.

Dangote is an Arsenal fan

Awww

Wow!
I never thought he could put the club up for sale, that's his baby.

Let me go and buy sharperly

I realise that the few european football news that makes front page on nairaland are unverified and fake.
Mods, there is a counter news that chelsea have debunked this news.

KTBFFH