SportBusiness.com

BSkyB sells Chelsea stake

Satellite broadcaster BSkyB has sold its 9.9 percent stake in English Premier League side Chelsea to new billionaire owner Roman Abramovich.

The satellite broadcaster has already written down most of its £40 million (B57m/$64.4m) investment in the London club and is set to receive £5.9m (B8.4/$9.5m) for its holding of ordinary shares.
Abramovich has offered £35p a share for the club, valuing it at £59.3m (84.5m/B95.5m).