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CHELSEA BOSS SCOOPS [pounds sterling]7bn; Nightmare for rivals as Roman cashes in Russian oil empire.
- Article from:
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The Evening Standard (London, England)
- Article date:
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September 28, 2005
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Copyright informationCOPYRIGHT 2005 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NICK GOODWAY;JONATHAN PRYNN
CHELSEA FC owner Roman Abramovich today made [pounds sterling]7.4 billion in an oil deal.
The money generated will cause concern among football rivals struggling to compete with the buying power of the Premiership champions.
Before the deal, in which he sold his 76 per cent stake in energy firm Sibneft, the 38-year-old Russian was valued at [pounds sterling]8.6billion.
The funds raised today are enough to buy Chelsea, acquired in 2003 from Ken Bates for [pounds sterling]140 million, more than 450 times over.
In the two years since the takeover he has spent almost [pounds sterling]250 million amassing the strongest ...
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