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Abramovich Sets To Sell Chelsea For £2bn

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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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BIG STORY

Prince Harry, Wife Meghan Arrive In Nigeria To Promote The Invictus Games [PHOTOS]

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To support the Invictus Games, an initiative he launched to facilitate the rehabilitation of sick and injured service men and veterans, including Nigerian soldiers engaged in a 14-year fight against Islamic extremists, Prince Harry and his wife, Meghan, arrived in Nigeria on Friday morning.

The couple, who were invited by the Nigerian Armed Forces to visit West Africa for the first time, reportedly landed in Abuja early on Friday morning, according to Brigadier General Tukur Gusau, spokesman for the Ministry of Defence. In an effort to improve wellbeing and morale, they will meet with injured soldiers and their families while they are there.

This participation has been praised by Nigerian officials as a major chance for the soldiers’ recovery.

Prince Harry, who served in Afghanistan as an Apache helicopter copilot gunner, founded the Invictus Games in 2014 to provide wounded veterans and Service members with the challenge of competing in sports events similar to the Paralympics. Nigeria participated in last year’s edition of the games.

During their stay, the couple will attend basketball and volleyball matches and meet with local non-governmental organizations in Abuja and Lagos that receive their support.

Meghan will also co-host an event on women in leadership with Director General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, according to the couple’s spokesman Charlie Gipson.

The news of Meghan’s visit has generated excitement among Nigerians who closely follow her life and association with the British royal family.

The Nigerian military has emphasised the significance of the Invictus Games in aiding the recovery of thousands of personnel who have been fighting Boko Haram Islamic extremists and their factions since 2009.

According to the military’s sports director, Abidemi Marquis, “Eighty percent of our soldiers that have been involved in this recovery programme are getting better (and) their outlook on life is positive.

“The recovery programme has given them an opportunity to improve their personal self-esteem, to improve their mental health and emotional intelligence.”

 

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BIG STORY

Nike Unveils Super Eagles 2024/25 Jersey [PHOTOS]

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The new Super Eagles jerseys for the 2024–2025 football season have been unveiled by clothing powerhouse, Nike.

Nike’s Instagram page published a post on Monday with a launch video of the new jerseys.

“The 𝟐𝟎𝟐𝟒 𝑵𝒂𝒕𝒊𝒐𝒏𝒂𝒍 𝑻𝒆𝒂𝒎 𝒌𝒊𝒕𝒔 disrupt convention with bold twists on icons.

“Featuring 𝑫𝒓𝒊-𝑭𝑰𝑻 𝑨𝑫𝑽 innovation, each kit is engineered for the needs of the modern footballer, from kick-off to the final whistle,” the post read.

Green hoops at the ends of the sleeves and shorts adorn the white home jersey. In a striking combination of colours, the word “Naija” is written in green across the kit’s breast.

In a stylistic nod to Nigeria’s national colours, the away uniform is patterned in a pastel version of the same colour, dark green.

For their 2026 World Cup qualifying campaign, the Super Eagles are anticipated to wear the new jerseys.

The team’s third qualifying match is scheduled for June 3 at home against South Africa. Seven days later, they are scheduled to travel to Benin Republic.

Before that, the Eagles will visit Grand Stade de Marrakech in Morocco for friendly matches against Ghana and Mali on March 22 and 26, respectively.

 

See photos below;

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BIG STORY

Augustine Eguavoen Returns As Super Eagles Interim Coach

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Former Super Eagles Coach and Player, Augustine Eguavoen has been appointed by the Nigeria National Team as interim coach after the departure of Portuguese Coach, Jose Pesseiro.

He will be assisted by Finidi George, who has stayed the longest with Peseiro among all indigenous coaches appointed to work with the Portuguese by the Amaju Pinnick led board for 22 months.

 

More to come…

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