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Roman Abramovich confirms he will sell Chelsea

Faced with the threat of financial sanctions targeting the Russians, Chelsea owner Roman Abramovich confirmed on Wednesday that he was trying to sell the Premier League club, which he turned into an elite machine that wins trophies with its rich record. Abramovich’s trophy asset made him a high-profile target for politicians seeking to be among the wealthy and powerful Russians affected by British sanctions following a week of Russia’s war in Ukraine. “Please know that this was an incredibly difficult decision to make and it hurts me to leave the club this way. “Abramovich said in a statement. “However, I believe this is in the interest of the club.” “One of the most striking business implications of President Vladimir Putin’s decision to invade Russia’s neighbor is that the club will not be sold quickly, but will follow suit,” Abramovich said in a statement. will not be asked to repay the 1,5 1.5bn ($ 2bn) loan he’s given to the club over 19 years of cash contribution to move the team to one of the most “I have instructed my team to create a “A charitable foundation where all the net proceeds from the sale will be donated,” he said. “The foundation will be for the benefit of all the victims of the war in Ukraine.” Abramovich has faced calls for condemnation of Russia’s invasion of Ukraine, which he has so far failed to do. “The Blues won the Club World Cup for the first time last month – ahead of Abramovich in Abu Dhabi – after securing their second Champions League title last year. Abramovich from Chelsea is impressive as he tried to instigate a plan last weekend to relinquish control to keep the club in his possession, but the charity’s regulator began investigating in Chelsea for the first time, announcing plans to shift the “custody and care” of the club’s administrators. “I hope to be able to visit Stamford Bridge for the last time to say goodbye to you all personally,” Abramovich said. “It was a lifetime privilege to be a member of Chelsea FC and I’m proud of all our common achievements. “Chelsea Football Club and its supporters will always be in my heart.”

Faced with the threat of financial sanctions targeting the Russians, Chelsea owner Roman Abramovich confirmed on Wednesday that he was trying to sell the Premier League club, which he turned into an elite machine that wins trophies with his wealth.

Abramovich’s trophy asset made him a high-profile target for politicians seeking to join the wealthy and powerful Russians affected by British sanctions after a week of Russian war in Ukraine.

“Please let me know that this was an incredibly difficult decision to make, and it hurts me to be leaving the club this way,” Abramovic said in a statement. “However, I believe that this is in the interest of the club.”

It is one of the most striking business implications of President Vladimir Putin’s decision to invade Russia’s neighbor.

“The sale of the club will not be done quickly, but it will follow the proper procedure,” Abramovic added.

The Russian billionaire has said he will not seek repayment of the 1,5 1.5 billion ($ 2 billion) in loans he has given to the club over a 19-year cash contribution to move the team to one of the most successful in Europe.

“I have instructed my team to set up a charity where all net proceeds from the sale will be donated,” he said. “The foundation will benefit all the victims of the war in Ukraine.”

Abramovich has faced calls to condemn Russia’s attack on Ukraine, something he has not done so far.

The parliamentary privilege was used by Labor lawmaker Chris Bryant to claim in the House of Commons on Tuesday that Abramovich already wanted to sell real estate in London, speculating that he was “afraid of being sanctioned”.

The Blues won the Club World Cup for the first time last month – ahead of Abramovich in Abu Dhabi – after securing their second Champions League title last year.

The speed of Abramovich’s pending departure from Chelsea is impressive as he tried to push for a plan last weekend to relinquish control in order to keep the club in his possession. But the charitable regulator has begun investigating an attempt to distance itself from decision-making in Chelsea for the first time, announcing plans to shift the “custody and care” of the club’s management.

“I hope to be able to visit Stamford Bridge for the last time to say goodbye to you all personally,” Abramovich said. “It was a lifetime privilege to be a member of Chelsea FC and I am proud of all our common achievements. “Chelsea Football Club and its supporters will always be in my heart.”

Roman Abramovich confirms he will sell Chelsea Source link Roman Abramovich confirms he will sell Chelsea

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