Chelsea could join Newcastle United in getting new owners this season – but their asking price is a lot bigger.
The Blues are reportedly up for sale, following the announcement that Roman Abramovich was handing over control of the club to trustees on Saturday.
The Chelsea owner is in the spotlight following Russia’s invasion of Ukraine, and is now looking for someone to buy the club from him.
According to the Telegraph, Abramovich wants a fee of £4billion for the club. That’s right – £4billion. However, the report adds that he is likely to only receive bids in the region of £2billion. Even still, that is an astonishing amount of money.
A takeover at Chelsea would rock the world of football. And if Abramovich gets the fee he wants, it says a lot about the deal that PIF pulled off in October.
Chelsea asking price proves why PIF bought a club like Newcastle
If Chelsea are sold for £4billion, it will be the most expensive takeover in football history.
In comparison, that’s 13 times more than what Newcastle United cost in October. PIF and co paid Mike Ashley £305million for complete control of the Magpies.
Even that was a huge fee, but nothing compared to the value of the mega clubs in world football. And that sums up why PIF wanted a project like Newcastle.
They have the wealth to buy a major club, but it wouldn’t make financial sense. For a much, much smaller fee, they were able to buy a team in the same division that they can build in their own vision.
The money that wasn’t spent on buying the club can be put towards improvements. Players, facilities, infrastructure – it can all be boosted.
The Newcastle owners eventually want the club to be competing with the likes of Chelsea. In turn, the value of the club will rise too as we progress. Abramovich’s asking price is a glimpse of what Newcastle could eventually be worth in the future.
Chelsea could be sold for a staggering amount of money soon, and it proves what a brilliant deal PIF and co got for Newcastle United.