TURKISH BUSINESSMAN MUHSIN BAYRAK IN NEGOTIATIONS TO BUY CHELSEA

Fri 04 March 2022:

According to reports in the British press on Friday, Turkish billionaire Muhsin Bayrak is the newest bidder in the race to buy Chelsea.

After 19 years in charge, Russian billionaire Roman Abramovich put the Premier League club up for sale on Wednesday.

Chelsea is said to have already received a number of large offers, with the staff in charge of the sale anticipating more to come in.

Bayrak, the construction, energy, and technology magnate, has announced that he is one of the bidders for the Blues.

“We can definitely confirm our bid for Chelsea,” Seda Bayrak, general manager of Bayrak’s AB Grup Holding, told Britain’s PA news agency.

“We have forwarded our offer regarding this.”

Merchant bank the Raine Group is handling the bid process for Abramovich, whose club have won 19 major trophies in his two decades in charge.

Abramovich decided to sell the club following Russia’s invasion of Ukraine but he has not been named on a growing British sanctions list targeting Russian banks, businesses and tycoons.

The sale process is understood to be at the stage of gathering bids, with reviews only taking place once all offers are submitted.

American billionaire Todd Boehly fronts the most high-profile bid for the Blues so far, with the LA Dodgers part-owner having teamed up with Swiss magnate Hansjoerg Wyss.

“We will fly the Turkish flag in London soon,” said Bayrak.

“We are negotiating the terms of the purchase of Chelsea with Roman Abramovich’s lawyers.

“We are in the negotiation phase for the signatures.”

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