Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Sport
Nizaar Kinsella

Roman Abramovich sent message to Chelsea fans with ownership blueprint, says Sir Martin Broughton

Sir Martin Broughton, who was among the final bidders in the race to buy Chelsea last summer, claims that Roman Abramovich’s influence continues to be felt at Stamford Bridge.

The Boehly-Clearlake consortium won the race to buy the Blues for £2.5billion through the investment bank Raine Group, with a further commitment to invest £1.75bn into the club over the next 10 years.

Abramovich decided to sell Chelsea shortly before he was sanctioned by the UK Government following Russia’s invasion of Ukraine and he didn’t personally profit from the sale.

Speaking at the Financial Times Business of Football Summit, Broughton, who led a consortium including Crystal Palace investors Josh Harris and Dave Blitzer, explained in new detail how the new owners have to follow an Abramovich blueprint.

He said: “The strange thing was this was a reluctant seller who was not receiving any of the money, so normally price would be the ultimate dictator. It was not the ultimate dictator here.

Parting gift: Roman Abramovich sold Chelsea to the Boehly-Clearlake consortium last summer (AFP via Getty Images)

“We were very much led by Raine, Bruce [Buck] and Marina [Granovskaia] to bid an amount. Agree to put an amount over the next 10 years in this piece, be it the academy, you’ve got to agree to invest this much into the women’s team.

“It was very focused. In fact, it was Roman trying to say to the fans, 'I don’t want to leave', but if I have to, whoever takes over will do what I would have done.”

The auction-style process saw several buyers competing against each other, including Broughton with Harris and Blitzer.

He believes he was close to becoming the owner, along with Boston Celtics and Atalanta owner Stephen Pagliuca.

Broughton added: “Frankly, between us, the winning bidder [Boehly-Clearlake] and Pagliuca, there wasn’t a hair [between us]. The three bidders, there was little difference between the ultimate bid.”

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.