• Loading stock data...
Saturday, June 28, 2025

Chelsea Bidders Below $4B Valuation As More Join Fray

  • Two more potential bidders for Chelsea FC have emerged.
  • None have met owner Roman Abramovich’s $4 billion asking price.
Chelsea-FC
Chelsea FC/Design: Alex Brooks

More high-profile bidders for Chelsea FC are emerging, but so far, none have reportedly met owner Roman Abramovich’s asking price. 

The Russian-Israeli billionaire wants $4 billion for the club, as he seeks to offload it before potentially facing sanctions related to Russia’s invasion of Ukraine. 

  • Philadelphia 76ers managing owner Josh Harris is reportedly considering a bid. 
  • Harris, who also co-owns the New Jersey Devils and other sports properties, would presumably need to divest from his stake in Premier League club Crystal Palace to buy Chelsea.
  • Having ties to another Premier League club also hasn’t stopped Jamie Reuben from considering a bid. 
  • The son of billionaire real estate investor David Reuben could tap his family wealth. Jamie’s brothers, Simon and David Reuben, own around 10% of Newcastle.

There are as many as 20 bidders considering the iconic club, including several sports team owners. 

Abramovich’s Asks

Abramovich said he will waive the $2 billion debt that Chelsea owes him. He is seeking an owner that will invest in the club and its venue, whether that be renovations to Stamford Bridge or a new stadium.

Abramovich, the former governor of Russia’s Chukotka region, has ties to Vladimir Putin. He participated in peace talks between Russia and Ukraine at Ukraine’s request and has said he will donate net proceeds from the sale of Chelsea to victims of the war.

U.K. Prime Minister Boris Johnson has faced pressure to impose sanctions on Abramovich.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Seattle Rough & Tumble

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
Jun 23, 2025; East Rutherford, New Jersey, USA; Al Ahly's Mohamed Hany reacts after the match during a group stage match of the 2025 FIFA Club World Cup at MetLife Stadium.

Heat Wave Across the U.S. Impacting Major Sports

Chelsea manager Enzo Maresca said it’s been almost impossible to train.

Featured Today

Mar 15, 2025; Fort Worth, TX, USA; UAB Blazers forward Yaxel Lendeborg (3) dribbles the ball upcourt against the North Texas Mean Green during the first half at Dickies Arena

NIL Is Shrinking the Pool of NBA Draft Entrants

Agents are now advising many players to stay in school.
Apr 24, 2025; Green Bay, WI, USA; Penn State Nittany Lions defensive end Abdul Carter on the red carpet before the 2025 NFL Draft at Lambeau Field
June 21, 2025

‘More Is More’: The Elite Luxury Jewelers Decking Out Athletes

Meet the elite group of luxury designers crafting the biggest statement pieces.
Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.
June 15, 2025

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.
Jun 10, 2025; Nashville, Tennessee, USA; United States head coach Mauricio Pochettino stands during the anthem against the Switzerland during the first at Geodis Park
June 14, 2025

Gold Cup Is Complicated for USMNT—but U.S. Soccer Has Its Eyes on..

Uncertain tournament success isn’t fazing forward-looking U.S. soccer.
WNBA

Portland WNBA Team President Out After Just Two Months As Launch Gets..

Portland has struggled to hire a GM, according to a source.
June 27, 2025

Masai Ujiri Out As Raptors’ Rogers Era Marked by Leadership Shift

Ujiri led the Raptors to the 2019 NBA championship.
June 27, 2025

Mercedes Pursuing Red Bull’s Max Verstappen As Russell’s Contract Expires

The two drivers could theoretically team up in 2026.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
June 26, 2025

MLB’s Hottest Team May Not Be Able to Host Playoff Games

The club’s temporary home in Tampa isn’t equipped for normal postseason demands.
December 30, 2024; Santa Clara, California, USA; San Francisco 49ers quarterback Brock Purdy (13) celebrates after scoring a touchdown against the Detroit Lions during the second quarter at Levi's Stadium.
June 26, 2025

California Finds Money for World Cup, but 49ers Remain Tens of Millions..

The NFL team promised to cover costs of games at their stadium.
June 25, 2025

Cooper Flagg Goes No. 1 to Dallas, Capping Mavs’ Rapid Rebuild

The expected selection extends a wild turn of events for Dallas. 
June 25, 2025

Mavs Reset Takes Shape With Kyrie Locked In, Flagg Incoming

The Mavericks are expected to select Cooper Flagg with the No. 1 pick.