HomeLa LigaWhat Sanctions?! Abramovich eyeing Valencia Purchase Despite Losing Billions

What Sanctions?! Abramovich eyeing Valencia Purchase Despite Losing Billions

  • Exiled Chelsea ownership rumoured to be in the running to buy Valencia
  • The Oligarch is set receive nothing from the £2.5 Billion sale of Chelsea
  • Valencia owner Peter Lim denies the club are for sale despite constant rumours

Undeterred by global sanctions imposed on Russian oligarchs, exiting Chelsea owner Roman Abramovich reportedly wants to purchase Spanish outfit Valencia once the blue’s sale is confirmed.

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The billionaire is in the final stages of selling the Stamford Bridge outfit following Russia’s invasion of Ukraine leading the UK Government to sanction the Russian’s assets, and leaving the club unable to make any financial transactions. 

The list of potential buyers continues to grow, with the sale itself being classed as “largest sports franchise sale in history”. The £2.5 Billion asking price also comes with the added legal caveat of a guaranteed £1 Billion investment within the club by any potential buyers. Amazingly Abramovich will not receive a penny from the sale. 

Valued at meagre €367 Million, Valencia represents a small acquisition by comparison, although the sleeping giant still stands as one of the biggest clubs in Spain.

Rival bidders for the Spanish outfit are now claiming Abramovich is in the running for the club once the Chelsea sale has been finalised. Valencia business man and Valencia owner Peter Lim released a statement in late 2021 that wasn’t for sale, although speculation continues to circle that he’s inviting interest from potential buyers.