Saudi Arabian Billionaire Set To Buy Chelsea Off Abramovich As Plans Get Underway
Another high-profile businessman has been added to the ever-growing list of people who reportedly want to buy Chelsea.
According to ITV, Prince Alwaleed bin Talal is now in contention to take over Roman Abramovich’s empire.
Who is Prince Alwaleed bin Talal?
Prince Alwaleed made his fortunes by founding the Kingdom Holding Company, an investment enterprise that covers equity, hotels and real estate & domestics.
He also has shares in Citigroup and 21st Century Fox, whilst simultaneously owning property in Saudi Arabia.
In 2016, the 66-year-old joined Bill Gates’ Breakthrough Energy Coalition, promising a $50m (Forbes) injection.
According to Forbes, Prince Alwaleed’s value stands at $18.7 billion.
Based on this evidence, he should comfortably be able to bid for Chelsea and still have some change left over.
Making a move for Abramovich’s now vacant position will not be straightforward, of course.
Not least because there will be other bidders wanting a slice of the luxury pie.
Who else could buy Chelsea?
Along with Prince Alwaleed, ITV name Pakistani businessman Javed Afridi, who owns Pakistan Super League side Peshawar Zalmi, as a contender.
Todd Boehly and Hansjorg Wyss made the list, two names that have cropped up repeatedly in the past few days.
According to the Telegraph, the pair are planning to join forces and acquire the Blues together.
There is a lot of money swirling around Stamford Bridge at the moment, but who will take the plunge and sign the cheque?
Although Chelsea supporters will demand the right man for the job, the end of this new ownership roundabout cannot come soon enough.
The longer this saga goes on, the more Thomas Tuchel and his team will be tangled in a situation out of their control.
Unfortunately, deciding Abramovich’s successor isn’t going to be a quick process.
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