Chelsea are sitting on a gold mine… literally, with owner Roman Abramovich’s wealth set to soar.

The Russian billionaire has agreed to sell his stake in Highland Gold Mining Ltd to Fortiana Holdings Ltd, according to Bloomberg.

The gold market is enjoying a resurgence and Abramovich is ready to take advantage, with the deal said to value the mining enterprise at $1.4 BILLION (£1bn).

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The 53-year-old is currently valued at around $12billion (£9m) by Forbes, and this business deal will boost his earnings even higher.

And that could be great news for Chelsea, who have enjoyed a sustained period of success since Abramovich took over as owner in 2003.

The Blues have won 16 trophies since the Russian bought the club – more than any of their Premier League rivals during that period.

And Frank Lampard’s side could add another piece of silverware to their cabinet on Saturday when they take on Arsenal in the FA Cup final.

Abramovich hoists the Champions League trophy aloft in 2012
Abramovich hoists the Champions League trophy aloft in 2012

The club’s spending is showing no signs of slowing down either.

While a number of their Premier League rivals are treading lightly in the transfer market due to the coronavirus pandemic, Chelsea have wasted no time in bolstering their squad.

The Blues have completed deals for Germany striker Timo Werner from RB Leipzig and Moroccan winger Hakim Ziyech from Ajax, for respective prices of £48m and £36m.

And it is widely expected German wonderkid Kai Havertz will join them before the start of next season, with Chelsea still locked in negotiations with Bayer Leverkusen over a deal to bring the 21-year-old to Stamford Bridge.

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