ROMAN ABRAMOVICH would demand a staggering £1.17billion if he decided to sell Chelsea, report the Times.
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| Owner Roman Abramovich will want to recoup the money he has put into the club |
ROMAN ABRAMOVICH would demand a staggering £1.17billion if he decided to sell Chelsea, report the Times.
The Russian has been barred from entering the UK after failing to obtain a visa.
Abramovich threw his Chelsea future in doubt after ripping up his plans for his £1bn Stamford Bridge revamp.
It's understood he is not willing to commit a huge investment into the capital city of a nation where the government does not want to give him a visa.
But if he's thinking of selling the club, he'll bank a wedge.
He has already pumped in over £1bn since buying the London team for £140million in June 2003.
Abramovich threw his Chelsea future in doubt after ripping up his plans for his £1bn Stamford Bridge revamp.
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It's understood he is not willing to commit a huge investment into the capital city of a nation where the government does not want to give him a visa.
But if he's thinking of selling the club, he'll bank a wedge.
He has already pumped in over £1bn since buying the London team for £140million in June 2003.
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| Roman Abramovich is currently banned from entering Britain |
Abramovich gained Israeli citizenship earlier this week, meaning he no longer needs a visa to enter the UK — although he can only do so as a visitor and not in a working capacity.
He oversaw the plans to knock down the Bridge and replace it with a 60,000-capacity stadium on the site of the club’s home since it was founded in 1905.
A terse statement issued without warning said: “Chelsea Football Club announces today that it has put its new stadium project on hold.
“No further pre-construction design and planning work will occur. The club does not have a time frame set for reconsideration of its decision.
“The decision was made due to the current unfavourable investment climate.”
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