Sports

Abramovich Attempting To Buy Another Club As Bid Details Surfaces

Published

3 years ago

Apr 11, 2022.

Benard Joseph

Roman Abramovich Attempting To Buy Another Football Club As Bid Details Leaked.
The Russian oligarch is confident of finalising the sale of Chelsea as soon as possible and is said to be in negotiations to buy the Spanish giants, who have fallen on hard times.

EDITOR’S PICK

EKO HOT BLOG reports that Roman Abramovich is pushing to buy Spanish club Valencia once the sale of Chelsea is completed, a rival bidder in the process has claimed.

Abramovich confirmed last month that he was selling the Blues but there is now a suggestion that he may re-enter football immediately with a hope of buying the struggling La Liga club, amid reports that Singaporean businessman Peter Lim has put Valencia up for sale. That is according to Miguel Zorio, who is a rival bidder for Los Che.

Chelsea are desperate to secure a new owner amid a budget crisis, with their funds dictated by the British government in the wake of the UK sanctions imposed on Abramovich due to his alleged links to Russia president Vladimir Putin.

Those sanctions were subsequently followed by the EU, which means that any of his assets that are in EU territory could be taken and frozen.

The West London club are desperate to secure new ownership as soon as possible as they continue to feel the impact of the UK government’s sanctions on Abramovich’s assets. Barclays have also suspended the club’s bank account and there’s a possibility the Blues could face financial armageddon between now and the summer due to the precarious situation.

Zorio has now claimed that he will make official his attempt to buy shares in the Spanish club from Lim later this month. Valencia have fallen into financial ruin under their absentee owner and have gone from European regulars to being a mid-table club in La Liga, with multiple star players sold and not replaced over the past 18 months.

FURTHER READING

There has now been a claim from Zorio that Lim has attempted to sell the club to Abramovich and has accused the current Valencia owner of leaking the news to the media. Zorio has suggested that the Russian oligarch is the other major contender to buy the club.

Click to watch our video of the week: