Chelsea football club’s sale has reportedly taken another turn, with sanctioned owner Roman Abramovich demanding an additional £500 million for the club.
According to Sky News, the trio of billionaire-studded consortia were notified of Abramovich’s request within the last 48 hours.
According to them, the Russian wants this figure guaranteed in order to increase the pot that will be given to charitable causes.
This total is expected to raise Chelsea’s value to at least £2.5 billion, with £1 billion of that going to charity.
Abramovich, 55, was sanctioned last month in response to his homeland Russia’s February invasion of Ukraine.
Since the beginning of the war, Russian oligarchs have been targeted, and Abramovich was a known ally of President Vladimir Putin.
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The three remaining bidders for Chelsea have begun their final pitches, according to Sportsmail on Tuesday, with the preferred bidder expected to be chosen this week.
A consortium led by former Liverpool chairman Sir Martin Broughton and another led by LA Dodgers part-owner Todd Boehly are still in the running to become the new owners.
The third group includes Boston Celtics co-owner Steve Pagliuca and Toronto Maple Leafs fan Larry Tanenbaum.