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Abramovich Sets To Sell Chelsea For £2bn

Gbemileke Ajayi

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Chelsea owner Roman Abramovich has hired New York bank Raine Group in preparation for selling off the club, according to The Sunday Times.

The bank is said to have valued the club at £2 billion and Chelsea have engaged their advisors after they helped Manchester City sell a 13 per cent stake in the club to China Media Capital for £265 million in 2015.

It is unclear whether they would look for new owners or to sell a stake in the club which Abramovich bought for £140 million in 2003 but the move comes at a critical time for Chelsea, who look overwhelmed by the scale of the wealth of clubs such as Manchester City and Paris Saint Germain.

In May, following the political sanctions Great Britain imposed on Russia in response to the Salisbury poisoning, Chelsea announced that Abramovich was putting off a proposed £500 million expansion of Stamford Bridge.

They have failed to qualify for the Champions League for the second time in three years, having previously qualified for the competition every year since Abramovich took over.

They have also still to convince Eden Hazard to sign a new contract or risk having to sell him to Real Madrid next summer when he will have just one more year on his deal.

Chelsea needs to rebuild the team under new manager Maurizio Sarri after having allowed talents such as Mo Salah, Kevin de Bruyne and Romelu Lukaku to leave the club in recent years.

Chelsea has enjoyed a long spell of success since Abramovich completed his takeover in the summer of 2003.

They became the first London club to the win the Champions League in 2012, as well as earning five of their six league titles in this period.

However, more inconsistent league finishes recently and the rise of uber-rich Man City have ended this dominant period.

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BREAKING: Arsenal Sacks Unai Emery After 18 Months

Gbemileke Ajayi

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Arsenal has sacked head coach Unai Emery.

The 48-year-old has left the club following Arsenal’s worst run of form since 1992 with the Gunners winless in seven games and eight points off the top four in the Premier League.

Freddie Ljungberg will lead Arsenal for Sunday’s game away to Norwich City.

A 2-1 defeat to Eintracht Frankfurt in the Europa League proved to be the final straw for the Arsenal hierarchy, who had hoped to be able to wait until the end of the season before making a decision on Emery’s future.

The Spaniard faced mounting criticism for fans not just for results but for a style of play at Arsenal that was viewed by many as too conservative.

Speaking on behalf of the Arsenal board and owners Kroenke Sports & Entertainment, Josh Kroenke said: “Our most sincere thanks go to Unai and his colleagues who were unrelenting in their efforts to get the club back to competing at the level we all expect and demand. We wish Unai and his team nothing but future success.”

In his only full season in charge, Emery led Arsenal to fifth place in the Premier League, a run of two wins in their final seven games seeing them throw away a top-four finish and a Europa League final where defeat to Chelsea cost them Champions League qualification.

Returning to Europe’s top competition is a major priority for Arsenal both in terms of finances and prestige. It was felt that the club’s chances of qualifying were greater without Emery than with him.

Arsenal will be appointing just their third manager in 23 years with the likes of Mikel Arteta and Massimiliano Allegri expected to be under consideration for the role.

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Mourinho Meets Arsenal Chief, Set To Replace Embattled Gunners Manager Emery

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Arsenal is reportedly close to making their move to replace manager Unai Emery with former Chelsea boss, Mourinho.

Arsenal head of football, Raul Sanllehi dined with Jose Mourinho this week as the club considers pulling the trigger with a managerial change, according to The Times.

The Gunners have struggled to make progress under Unai Emery and growing concerns over fractures in his relationships with senior players have led to contingency plans being put in place.

According to the newspaper, Mourinho and Sanllehi had dinner together, with the former Manchester United boss said to have impressed with his plans for their squad.

It is claimed Emery has just one or two games remaining to save his job as club bosses seriously consider a move ahead of the November international break.

Arsenal were held to a 1-1 draw at the Emirate by Wolves on Saturday, with pressure mounting on Emery.

Mourinho has been holding out for a return to the Premier League as he eyes his first job since being sacked at Old Trafford almost a year ago.

The former Real Madrid boss have also retained a home in north London.

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Ukraine vs Nigeria: New Super Eagles Invitee, Maja Takes Over Mikel Obi’s Number 10 Shirt

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New Super Eagles invitee, Josh Maja, will be wearing jersey number 10 for Tuesday’s international friendly against Ukraine at the Dnipro Arena, according to Sporting Life.

The iconic jersey was worn by John Mikel Obi, who retired from international football after this year’s Africa Cup of Nations in Egypt.

Maja who plays for French Ligue 1 side, Bordeaux, was a late call up for the friendly following the withdrawal of key players.

Alex Iwobi, Ikechukwu Ezenwa, Ola Aina, William Troost-Ekong, and Leon Balogun have retained their shirt numbers ahead of the match.

Rohr’s men will be facing a Ukraine side, that has never lost to an Africa side in the last seven years.

Kick off is 7.30pm.

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