Amanda Staveley has admitted that they had chance to look at Chelsea before the Newcastle United takeover.
The Blues are in the headlines at the moment because of Roman Abramovich and Russia’s invasion of Ukraine. The Russian owner has decided to sell the club, confirming he will do what is in the ‘best interest’ of Chelsea in a statement on Wednesday.
It will be a huge takeover if it does happen. The Telegraph reported that Abramovich wants £4billion to take Chelsea off his hands. That’s a startling amount of money.
And at the Financial Times Business of Football Summit, Toon co-owner Amanda Staveley has spoke about the Chelsea ownership situation.
As reported by the Independent, Staveley said: “We had the opportunity to look at Chelsea – a wonderful club. But there was only ever one club for us.”
Newcastle were a much better investment than Chelsea
It’s unclear from Staveley’s comments whether or not she means PCP looked at Chelsea, or the entire Newcastle consortium, including PIF and Jamie Reuben. For financial reasons, she surely didn’t mean just PCP.
Assuming she meant the latter, they certainly would have had the financial power to buy Chelsea given the Saudi involvement.
But given Abramovich’s reported asking price, a bid to buy the Blues wouldn’t have made sense.
Rather than spend billions of pounds on one club, PIF and co have been able to buy Newcastle for a fraction of the price – £305million.
It made much more financial sense to buy a club lower down the table that they can build up. With the money they are able to invest, they will hope to have Newcastle challenging with the likes of Chelsea in the coming years.
The situation at Chelsea is incredibly interesting. If a deal does happen, it will be the biggest in football history. It shows how much of a financial juggernaut they have become in the 21st century.
But the Abramovich era appears to be coming to an end. As for Newcastle, their new journey is only just beginning.