Turkish billionaire confirms bid to take over Chelsea

The latest report revealed that Turkish billionaire businessman Muhsin Bayrak in a statement, has confirmed his bid to take over the ownership of Chelsea Football Club from Russian billionaire Roman Abramovich.

Recall that Abramovich had on Wednesday evening confirmed his intentions to sell Chelsea.

This comes after President Vladimir Putin ordered Russian military forces to invade Ukraine, with Abramovich claiming to have held close ties with Putin.

Abramovich bought Chelsea in 2003, and during his time, the west London side had had 15 managers and won 21 trophies across his 19 years of reign.

The Blues owner wants to sell at between £3-4 billion, vowing to donate all net proceeds from the impending sale to victims of the conflict in Ukraine.

Bayrak, the billionaire owner of construction company AB Grup Holding, has confirmed he is ‘confident’ of completing a takeover after lodging a bid

“Yes, we definitely confirm. We have forwarded our offer regarding this to them,” a spokesperson of the Turk told The Guardian.

Bayrak had earlier told Turkish media: “We are discussing the terms of Chelsea’s purchase with Roman Abramovich’s lawyers.

“We’re negotiating signatures. We will soon fly the Turkish flag in London.”