Culture secretary

Nadine Dorries, UK Culture Secretary

Roman Abramovich is no longer the owner of Chelsea and after deciding to put the club up for sale, the question remains who will be the new owner of the club. Although the question has yet to be answered, reports have said that Chelsea are on ‘borrowed time’ over the sale of the club.

Sale of Chelsea: time is running out for the club to find new owners

Roman Abramovich has been sanctioned by the UK government for his alleged links to Russian President Vladimir Putin after Russia invaded Ukraine. Cultural Secretary Nadine Dorries, speaking on the BBC Newcast podcast, revealed there was a very short window left for this sale to take place. Currently, the club operates under a special UK government license which ends on May 31.

Dorries in the interview said: “Chelsea are sold, as you know, and the penalties apply, so those penalties still apply during the sale. But what I will say, in fact, is that Chelsea is very much on borrowed time right now.”

According to a BBC report, there are currently three bidders vying to buy Chelsea for around £2billion. The institutions vying to own Chelsea are consortia led by Sir Martin Broughton, Los Angeles Dodgers co-owner Todd Boehly and Boston Celtics co-owner Stephen Pagliuca. US bank Raine Group has been tasked with selling Chelsea and the UK government is expected to issue a new license, allowing the club to be sold once a preferred buyer has been identified.

Will Lewis Hamilton buy Chelsea?

Earlier, Sky Sports News reported that Hamilton has confirmed his interest in being part of the consortium bidding to buy Chelsea. Ahead of the Emilia-Romagna GP, Lewis Hamilton said when selling Chelsea: “I’m a sports fan, it’s the biggest sport in the world, Chelsea are one of the biggest clubs in the world and the most successful. And when I heard about this opportunity I was like wow this is one of the greatest opportunities to be a part of something. It’s worth mentioning that Hamilton and Serena Williams are part of a consortium that includes investments offered by NBA Philadelphia 76ers owners Josh Harris and David Blitzer.