Abramovich Annouces Plans To Sell Chelsea

Russia’s Roman Abramovich has announced he will sell English football club Chelsea in the wake of his country’s invasion of Ukraine.

Abramovich, who could face British government sanctions, has owned the club since 2003 and has won every title on offer with them.

These include five Premier Leagues, two Champions Leagues and one Club World Cup.

“I would like to address the speculation in media over the past few days in relation to my ownership of Chelsea FC. As I have stated before, I have always taken decisions with the Club’s best interest at heart. In the current situation, I have therefore taken the decision to sell the Club, as I believe this is in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners.

“The sale of the Club will not be fast-tracked but will follow due process. I will not be asking for any loans to be repaid. This has never been about business nor money for me, but about pure passion for the game and Club. Moreover, I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine. This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery.

“Please know that this has been an incredibly difficult decision to make, and it pains me to part with the Club in this manner. However, I do believe this is in the best interest of the Club” Abramovich said of his decision to sell Chelsea.

Swiss billionaire Hansjörg Wyss said earlier he is interested in buying the club but not on his own.

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