Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Turkish billionaire Muhsin Bayrak confirms Chelsea takeover bid

Turkish billionaire Muhsin Bayrak confirms Chelsea takeover bid

Turkish businessman Muhsin Bayrak says he has launched an offer to take over the ownership of Chelsea.

Roman Abramovich has put Chelsea up for sale

Roman Abramovich unveiled his plans to sell Chelsea on Wednesday night, just days after it was revealed that the club’s ‘stewardship and care’ had been given up to its foundation trustees amid the threat of anti-Russian sanctions.

It comes after Russian military forces launched a full-scale invasion of neighbouring Ukraine under the orders of president Vladimir Putin, who Abramovich has allegedly held close ties with in the past.

Abramovich – who has overseen 15 managers and 21 trophies across his 19-year-old reign – values the Blues at between £3-4bn and has vowed to donate all net proceeds from the impending sale to victims of the conflict in Ukraine.

Swiss philanthropist Hansjorg Wyss and LA Dodgers co-owner Todd Boehly have since made their interest known and are said to be preparing a joint offer for the west London giants.

Meanwhile, Bayrak, the billionaire owner of construction company AB Grup Holding, has confirmed he is ‘confident’ of completing a takeover after lodging a bid to succeed Abramovich at Stamford Bridge.

‘Yes, we definitely confirm. We have forwarded our offer regarding this to them,’ a spokesperson of the Turk told The Guardian.

Bayrak had earlier told Turkish media: ‘We are discussing the terms of Chelsea’s purchase with Roman Abramovich’s lawyers.

‘We’re negotiating signatures. We will soon fly the Turkish flag in London.’

Muhsin Bayrak has launched a bid for Chelsea


According to The Guardian, as many as ten interested parties have emerged as potential buyers following Abramovich’s stunning announcement in midweek.

However, one of those that had been credited with a strong interest, Loutfy Mansour, distanced themselves from the speculation on Friday, denying rumours of a possible takeover bid.

‘In light of the recent media speculation, we want to make it clear that we are not pursuing a bid for Chelsea Football Club at this time,’ the billionaire Egyptian businessman said.



Former Chelsea captain John Terry led the tributes for Abramovich after the Russian-Israeli oligarch confirmed that his near 20-year tenure in west London was coming to an end.

But there has been a fierce backlash to those mourning Abramovich’s looming departure, with Pat Nevin urging supporters and ex-players to ‘put away the violins’.

The former Chelsea and Scotland winger told BBC Radio 5 live: ‘The first couple of statements Chelsea released were limp and that is being kind. This one is stronger and close to doing the right thing.

‘Chelsea fans will be concerned about the club going forward. The club will survive and let’s get this into perspective. It is a football club, it is only a game and there are bigger fish to fry right now.

‘Chelsea might be lucky and get a wealthy owner. Have a look at what has happened to Barcelona and Real Madrid, teams go through ups and down, Real fans understand that.

‘Put away the violins because the tears need to be about somewhere else in the world.’

Nevin added: ‘It would be good if the club was sold for a profit so it could help the Ukrainian people.

‘The club has been running on getting things back on an even keel for a few years because Roman Abramovich knew all along he wasn’t going to last forever.’

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×