The chief executive officer of Mantrac Group & Man Capital Loutfy Mansour is reportedly making a bid to take over European champions Chelsea.
Roman Abramovich’s dramatic confirmation that he wants to sell Chelsea FC has fired the starting gun on a billionaire bidding war for the West London club – with the stakes raised even further by the billionaire’s reported intention to achieve a quick sale to dodge any possible sanctions.
The Russian, who denies allegations of being close to Vladimir Putin, last night announced he would donate all net proceeds from the sale to victims of the war in Ukraine, while confirming he would not ask for a £1.5billions loan he made to the club to be repaid.
The Egyptian billionaire Loutfy Mansour is among those interested in buying Chelsea Football Club.
Loutfy Mansour is the son of Egyptian billionaire Mohamed Mansour and chief executive of Man Capital, the investment arm of his family’s business Mansour Group.
The Mansours own Mansour Group, a massive Egyptian conglomerate with $7.5b in annual revenues, and Loutfy is the head of its investment arm, Man Capital.
The Egyptian billionaire is also a season ticket holder at Stamford Bridge and believes that he can put together a bid for the club.
Mansour will be the second Egyptian club owner in the Premier League if he acquires Chelsea, with the first being Aston Villa co-owner Nassef Sawiris.