Bidders for Russian oligarch Roman Abramovich’s Chelsea F.C. are lining up to pay what could be among the biggest prices ever for a professional sports team
Several U.S. bidders for the Premier League soccer club have emerged. Net losses under its oligarch owner have reached more than $1 billion.
The consequences of harsh economic sanctions against Russia are already being felt across the globe. WSJ’s Greg Ip joins others to explain the significance of what has happened so far and how the conflict might transform the global economy. Photo illustration: Alexander HotzChelsea 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.
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.because of his ties to the Kremlin, put Chelsea on the block last month. The auction has attracted a who’s who of bidders despite the losses, many of them Americans who already own sports franchises at home.
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Roman Abramovich Is Confirmed Owner Of Two Yachts In Antigua, Report SaysI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
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