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Roman Abramovich’s Chelsea team sale poised to rank among biggest in sports

Russian billionaire and owner of Chelsea football club Roman Abramovich. (REUTERS) — Russian billionaire and owner of Chelsea football club Roman Abramovich. **(REUTERS)**

3 min read . Updated: 03 Apr 2022, 05:49 PM IST BEN DUMMETT, The Wall Street Journal

Several U.S. bidders for the Premier League soccer club have emerged. Net losses under its oligarch owner have reached more than $1 billion.

Chelsea F.C. has racked up more than $1 billion in net losses since the Russian oligarch Roman Abramovich acquired the Premier League soccer club almost two decades ago. But bidders are lining up to pay what could be among the largest prices for a professional sports team as the shortage of marquee clubs on the market drives valuations higher.

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Roman Abramovich’s Chelsea team sale poised to rank among biggest in sports

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