Chelsea are likely to secure the highest price ever paid for a sports club or franchise after more than 20 interested parties made offers for the Premier League outfit last week.

Current owner Roman Abramovich put Chelsea up for sale on March 2, six days after the start of the Russian invasion of Ukraine. The 55-year-old oligarch has appointed New York investment bank Raine Group to handle the sale process and it is understood he was hoping for a figure north of £3.5billion.

That, however, seemed unlikely when he was added to the British government’s sanctioned list on March 10, due to what he described as his close and long-standing relationship with Russian President Vladimir Putin. .

With Abramovich sanctioned, Chelsea became a frozen asset. The need for a quick sale – with government involvement – combined with uncertainty over the value of a club which has been so generously subsidized by its owner for 19 years but still needs to redevelop its stadium, has led the most football finance experts predict a price. closer to £2 billion.

But that appears to have understated global interest in buying the reigning European and world champions, and it now looks like the club’s many suitors will have to raise their offers closer to £3bn (£4bn). dollars) – a sum that would easily beat the $3.35bn (£2.5bn) Joseph Tsai paid for the NBA’s Brooklyn Nets and Barclays Center arena in 2019.