English Premier League Soccer team Chelsea up for sale: Media

London: Russian billionaire Roman Abramovich has hired an investment bank to consider the sale of his English Premier League soccer team Chelsea, the Sunday Times newspaper reported. 

The Sunday Times said the move by the Russian followed his rejection of an offer to buy a minority stake in the club by US private equity firm Silver Lake Partners. 

Chelsea's directors brought in Joe Ravitch from the Raine Group. The Chelsea source ruled out the sale talk.