New owners could take over Chelsea

The Russia and Ukraine war may soon affect English club Chelsea in terms of a change of ownership if the war should tarry.

Chelsea have been indirectly caught up in the ongoing war between Russia and Ukraine because the club owner is Russian billionaire Roman Abramovich.

The UK, other European countries, as well as the USA have sanctioned Russia over its invasion of Ukraine earlier this week.

As more of the sanctions come in the coming days, there are chances that new owners could take over Chelsea from Abramovich.

The report via Bloomberg revealed that there are already buyers who want to buy Chelsea, and they are at high alert.

Earlier this week, Labour MP Chris Bryant questioned Abramovich’s ownership of the Premier League club.

This comes after Russian President Vladimir Putin decides to launch a military invasion of Ukraine on Tuesday.

There are reports that potential suitors include some based in the US and have begun drawing up takeover bids amid the uncertainty.

Abramovich took over as Chelsea owner in 2003 and has gone on to transform the club by investing heavily.