Turkish billionaire Muhsin Bayrak makes Chelsea bid
Turkish billionaire Muhsin Bayrak is the latest party to launch a bid to buy Chelsea football club from Roman Abramovich.
AB Group Holdings’ CEO has stated his intention to purchase Chelsea, despite the fact that Bayrak will face heavy opposition in the race for Stamford Bridge.
A consortium offer has been formed by Swiss billionaire Hansjorg Wyss and American businessman Todd Boehly, while Abramovich is said to have received multiple bids in the range of £3 billion.
Bayrak has now made his own pitch for Chelsea public, boasting about his prospects of winning.
Bayrak’s firm even claimed to have identified all current Chelsea suitors, but several of them, like British businessman Jim Ratcliffe and Egyptian billionaire Loutfy Mansour, had previously ruled themselves out of contention.
“We will fly the Turkish flag in London soon,” said Turkish billionaire Muhsin Bayrak, in a statement.
“We are negotiating the terms of the purchase of Chelsea with Roman Abramovich’s lawyers.
“We are in the negotiation phase for the signatures.”
Swiss billionaire Hansjorg Wyss and USA investor Todd Boehly a have teamed up for a consortium bid, with Wyss stating earlier this week that he had been given the chance to buy the club and is preparing a consortium to submit an offer.
The 86-year-old billionaire Wyss has admitted he will look into the details of any possible deal to buy Chelsea, with the asking price thought to push beyond £2 billion.
“Abramovich is trying to sell all his villas in England, he also wants to get rid of Chelsea quickly,” Wyss told Swiss newspaper Blick.
“I and three other people received an offer on Tuesday to buy Chelsea from Abramovich.
“I have to wait four to five days now. Abramovich is currently asking far too much.
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