By Vivek Ranadive, the owner of NBA franchise Sacramento Kings, is readying a bid to buy Chelsea from Roman Abramovich.
According to Sportico, Ranadive is putting the finishing touches to the proposal he will submit to Russian Abramovich to try and take over the Stamford Bridge club.
Ranadive bought control of the Kings at a $534million (£407m) valuation back in 2013 and at their last valuation by Sportico are now worth £2.06billion.
Ranadive is a respected owner in the NBA and works on committees that help shape the future direction of the league.
Last week, Abramovich announced he is selling Chelsea after days of intensifying scrutiny over his involvement at the club amid Russia’s invasion of Ukraine and sanctions being placed on oligarchs with ties to Vladimir Putin. At present, there are no sanctions placed on him.
‘In the current situation, I have taken the decision to sell the club, as I believe this is in the best interest of the club, the fans, the employees, as well as the sponsors and partners,’ Abramovich said.
But Sportico claim connections to Ranadive and his potential Chelsea offer asked not to be named publicly and a spokesperson for the Sacramento Kings refused to comment on a potential bid.
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