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Roman Abramovich will only sell Chelsea if he receives a world record bid for the Premier League club, according to reports.

The Chelsea owner has been left frustrated by visa problems, which have already seen plans to rebuild the club’s Stamford Bridge home shelved.

The decision to cancel the stadium plans has led to speculation that Abramovich is ready to sell – but only, it is reported, the the highest price ever for a sports team.

Roman Abramovich 'will only sell Chelsea if he receives a world record bid for the club'

Roman Abramovich 'will only sell Chelsea if he receives a world record bid for the club'

Roman Abramovich ‘will only sell Chelsea if he receives a world record bid for the club’

Bloomberg report that Abramovich has already rejected a bid of £2.3billion and is holding out for an eye-watering £3bn. 

Earlier this year, Abramovich hired Raine Group, a merchant bank in New York, to advise over the possible sale of the club.

Both Chelsea and Abramovich’s representatives declined to comment on any rejected bids, according to Bloomberg. 

The uncertainty over Chelsea’s future comes as Britain has taken steps to prevent the flow of money into the country from Moscow following the Salisbury poisonings in March.

Abramovich withdrew his application to renew his UK residency visa soon after – as well as canning the plans for Chelsea’s stadium. In May he obtained Israeli citizenship.

Further uncertainty has also emerged after Switzerland’s federal police advised that Abramovich posed a ‘threat to public security and a reputational risk’ to the country if he became a resident.

Abramovich lost a seven-month legal battle with a newspaper publisher over the police assessment, according to the Guardian, after he attempted to take Swiss residency in 2016. 

However this was rejected after Swiss police raised a number of serious concerns about Abramovich, including ‘suspicion of money laundering and presumed contacts with criminal organisations’ and that ‘the applicant’s assets are at least partially of illegal origin’.

This is based on police information, and Abramovich has never been charged with any crime in relation to these allegations.

Original Article: https://www.dailymail.co.uk/sport/football/article-6206101/Roman-Abramovich-wants-world-record-3billion-sells-Chelsea-wake-UK-visa-row.html?ns_mchannel=rss&ito=1490&ns_campaign=1490