Chelsea FC Russian owner Roman Abramovich is going to sell the club to help Ukraine war victims - Living Sports
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Chelsea FC Russian owner Roman Abramovich is going to sell the club to help Ukraine war victims
Top Story MilkywayBlogs 04-Mar-2022 Comments (6) 15

Chelsea FC Russian owner Roman Abramovich is going to sell the club to help Ukraine war victims

On Wednesday, Chelsea FC owner, Russian businessman Roman Abramovich said, he would sell the football club, 19 years after buying it, and vowed to contribute money from the sale to help victims of the war in Ukraine.

The Russian owner said in a report that a sale was in the best lures of the reigning European and world soccer winners.

“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,” he said.

Abramovich said he would not ask for loans he has made to the Premier League club – said to total 1.5 billion pounds ($2.0 billion) – to be refunded to him, and the sale would not be fast-tracked.

He has told his assistants to set up a generous foundation that would receive all net profits from the sale.

“The foundation will be for the benefit of all victims of the war in Ukraine,” Abramovich said in a statement.

“This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery.”

Swiss business magnate Hansjoerg Wyss told a newspaper that he was pondering believing Chelsea from Abramovich, who over the weekend said he was stepping back from driving the club but made no statement of any plans to change its license.

“Abramovich is currently trying to sell all his villas in England. He also wants to get rid of Chelsea quickly now. I, along with three other people, received an offer on Tuesday to buy Chelsea from Abramovich,” Blick cited Wyss as saying in an interview published on Wednesday.

Abramovich bought the West London club in 2003 for a declared 140 million pounds and his investment donated hugely to the most victorious years in the team’s history as they won five Premier League titles, five FA Cups, and the Champions League twice. 

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