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Swiss Wyss mulls chance to buy Chelsea

GENEVA (AFP) – Hansjorg Wyss, one of Switzerland’s richest men, said yesterday he had been offered the chance to buy Chelsea, with the European football champions’ Russian owner Roman Abramovich under growing scrutiny.

Wyss, 86, who founded the medical device manufacturing firm Synthes, told the Swiss newspaper Blick that he and three others had been sounded out on Tuesday. But Wyss wants Abramovich to lower his asking price for the English Premier League side.

Abramovich revealed on Saturday that he plans to place his ownership of the Blues into the “stewardship and care” of the Chelsea Foundation’s trustees.

Abramovich has not been named on a growing British sanctions list targetting but British Prime Minister Boris Johnson has been pressed on why Abramovich has not been cited, given his familiarity with Russian President Vladimir Putin.

“Abramovich is among Putin’s closest advisers and friends,” Wyss told Blick.

“Like all the other oligarchs, he is panicked. Abramovich is currently trying to sell all his villas in England. He also wants to get rid of Chelsea quickly. Along with three other people, I received an offer on Tuesday to buy Chelsea from Abramovich.

“I have to wait four or five days. Abramovich is asking too much right now. Chelsea owes him GBP2 billion (USD2.7 billion). But Chelsea has no money. This means that those who buy Chelsea must compensate Abramovich.

“We do not yet know the exact sale price. I can very well imagine myself joining Chelsea with partners. First I have to look carefully at the conditions.

“I certainly wouldn’t do such a thing alone. If I buy Chelsea, it will be with a consortium of six to seven investors.”

Contacted in London, Chelsea refused to comment, while a spokeswoman for Abramovich did not immediately respond.

Wyss praised the West’s “excellent approach” in imposing sanctions on Russian interests. “The fact that the Russian oligarchs are targetted by the Americans and Europeans is absolutely essential, because they may have an influence on Putin,” he told Blick.

Head of sports law at Manchester-based lawyers JMW Solicitors Stephen Taylor Heath said it was understood that Abramovich controls the corporate entities that own Chelsea rather than the club directly.

“Any would-be buyer would need to undertake due diligence which would establish the ownership structure and any issues with the club. And so a very quick immediate sale would be very difficult in practice,” he said.


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