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Turkish billionaire Muhsin Bayrak claims he made Chelsea bid, while Swiss-American group prepares to offer | Football news


A Swiss-American group is preparing to make an offer to buy Chelsea this weekend when a Turkish businessman claims that he has submitted an offer to the Stamford Bridge team.

Turkish billionaire Muhsin Bayrak says he is trying to buy Chelsea and although his spokesman has told us he has made a bid, his claims are being reviewed with a skeptical number.

Bayrak is quoted by Turkish newspaper Yeni Safak as saying: “We are discussing the terms of the acquisition of Chelsea with lawyers for Roman Abramovich. We are in the negotiation phase. We will fly the Turkish flag. Early period in London.”

A Bayrak spokesperson told us: “First of all, the news is true. We have submitted our offer.”

Bayrak is the chairman of investment and construction company AB Group Holding.

The Swiss-American group includes Todd Boehly and Hansjorg Wyss. Boehly partially owns the LA Dodgers and LA Lakers. He is the chairman and chief executive officer of the investment firm Eldridge Industries. Wyss is the founder and former chairman of medical manufacturer Synthes Holding AG.

Boehly tried to buy Chelsea from Abramovich for £2 billion in 2019. He has made no secret of his desire to buy a top Premier League club.

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Thomas Tuchel commits his future to Chelsea and says he has no intention of leaving despite Roman Abramovich’s sale of the club

Investment banking The Raine Group is marketing the sale of Chelsea and will require interested parties to sign a non-disclosure agreement and present proof of funding.

Raine Group co-founder Joe Ravitch told Reuters: “We’re not going to rush anything. It’s very important that Chelsea have the right owners to guide the club forward.”

A spokesman for Egyptian businessman and Chelsea season ticket holder Loutfy Mansour says he is not bidding to buy the club.

Only a handful of billionaires can afford Abramovich’s asking price, but any potential sale is complicated by:

  • Uncomfortable about doing business with Abramovich when he is facing the risk of being punished by the UK Government.
  • Reluctance to make any dealings involving the Russians because of the invasion of Ukraine.
  • Lack of confidence in global stock markets because of the invasion.
  • In the past, there was a lot of interest in buying PL clubs from Russia, China and the Middle East. Not likely to be the case this time.
  • The UK government is preparing a law that will allow it to seize the assets of sanctioned individuals without compensating them.

More to follow….

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