Roman Abramovich confirms that he is selling Chelsea FC

Chelsea owner Roman Abramovich has confirmed he has decided to sell the club in a statement.

The Russian billionaire purchased the West London outfit back in 2003 for £140m and transformed them into one of the world’s most successful clubs.But his position has come under scrutiny amid Russia’s invasion of Ukraine and he announced at the weekend he had transferred stewardship of the club to trustees of the Chelsea Foundation.

After a wave of speculation and interested parties coming forward, Abramovich has now confirmed he is selling the Stamford Bridge club – but vowed the sale will not be fast-tracked. He has also stated he will not ask for any loans to be repaid as he takes a decision he insists is “in the best interest” of the club – whilst net proceeds will be donated to victims in Ukraine.

Abramovich wrote on the club’s website: “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. He added, “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.

 

 

 

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