'Abramovich thinks we have 90% chance of completing the deal': Muhsin Bayrak on buying Chelsea

Turkish businessman Muhsin Bayrak has confirmed he has made an official bid to buy Chelsea.

"I won't tell you, we need to manage this process very well or we will lose," he told Oda TV.

"There are other countries that want Turkey not to accept it.

"Let it be a bit of a secret, let's get the consent of the other party until Thursday. Our offer is below that [£2.5BN], at least I can tell you that.

"We have reached a certain stage. Our law and finance department will start talks with theirs in London on Thursday. That’s the way it is at this point.

"On Thursday, we'll notify the Public Disclosure Platform. People are talking about it, we made some progress in the talks, and the world believes we have a 90% chance of completing the deal.

"Abramovich thinks the same."

Bayrak is a chairman of a construction and investment company AB Group Holding. He is reportedly worth £8bn.