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Chelsea are preparing for the departure of Roman Abramovich as the owner of the club, after buying the club in 2003, and setting them on the past to greatness by investing in the team and laying down the legacy to win trophies every season.
The Chelsea owner confirmed that he will be putting the club up for sale, and that the net profit made from the sale would go to a charitable foundation that would benefit victims of the war in Ukraine.
Since the announcement of Chelsea being up for sale, the club has not been short of suitors who are interested in buying the club. The three strong names that has been linked with the purchase of Chelsea includes;
The Swiss-American consortium of Hansjorg Wyss and Todd Boehly, who appears to be the favorites in the negotiation of the club, other names includes British billionaire Sir Jim Ratcliffe, and Loutfy Mansour, a London-based billionaire of Egyptian heritage.
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Report has it that Roman Abramovich is demanding for £3 billion for the sale of the club, although the price could still be reduced to the region of just above £2 billion, as the Russian billionaire would aim to sale the club as quick as possible, the prospect of being sanctioned by the British government continues to hang over him.
Although, no officially bid has been submitted yet, and time might be one major thing that could be a problem in the deal, as a proper takeover of a club could take some days or even weeks before it is completed.
In this article, we will be looking at how long it could take for Abramovich to sell the club.
Report has it that Friday has been set as a deadline for official bids to be made by interested parties to buy the club.
Premier League Chief executive Richard Master made a comment on the possible time frame of a minimum of 10 days is needed to conclude a sale of a club, but he stated that with a deal as big as a club like Chelsea, it might need more time than just 10 days.
Interested parties would need some days to look properly at the deal, and they would also need to pass the owners test, and other form of administrative task that comes with this kind of deal, before a proper takeover can be completed.
So even if a fee is agreed for the sale of the club, it could take about two weeks or more before a proper takeover can be completed.
