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Roman Abramovich has put Chelsea on the market and is inviting bids from potential buyers as backlash to his ownership of the club grows, according to reports.

The Russian oligarch, 55, bought the Blues in 2003 and has led them to the most successful spell in their history, winning five Premier League titles and the Champions League twice.

But his association with one of England's largest clubs has been scrutinised in the wake of compatriot Vladimir Putin 's invasion of Ukraine last week.

Abramovich has ties with the 69-year-old and European Parliament president Roberta Metsola declared he and his fellow oligarchs should not be able to "hide behind a veneer of respectability" by owning sports clubs and other foreign assets.

Amid this mounting pressure, the Chelsea supremo has decided to sell up and he is demanding £4billion for the club.

That is according to the Daily Telegraph, which claims Abramovich may struggle to earn anywhere near this sum even though he has previously turned down offers worth £2.2billion for the Blues.

The report adds potential buyers have until the end of this week to make their best offers.

There are believed to be four parties in the running to wrest control of Chelsea,