Football News : Billionaires submit bids to take Chelsea FC ownership from Abramovich

Since the time the British government imposed sanctions on Chelsea FC owner Roman Abramovich, over 15 billionaires have submitted bids in order to take ownership of the English Premier League club. Recently, Raine Group, the U.S. bank overseeing the sale of Premier League club Chelsea, is planning to narrow down the shortlist of bidders to three. The club was put up for sale by Roman Abramovic even before sanctions were imposed on him. Abramovich was also disqualified from running the west London club and being a director by the Premier League.