Roman Abramovich Says He Plans to Sell Chelsea

Roman Abramovich, the owner of Chelsea, has stated that he intends to sell the club.

Abramovich stated in a statement on the Premier League club’s website that he had made the “very painful choice” that “pains” him.

The Russian has stated that the revenues of the auction would be distributed to war victims and will not seek for “any loans to be returned.”

Following Russia’s invasion of Ukraine, Abramovich declared on Saturday that he would hand over “stewardship and care” of Chelsea to its foundation trustees.

This fueled speculation that Abramovich, who has lent Chelsea more than £1.5 billion, will sell the club, and billionaire Hansjorg Wyss told Swiss tabloid Blick on Wednesday that he had been offered the chance to do so.

After the issue of fines was raised in Parliament, Wyss indicated Abramovich wants “to get rid of Chelsea swiftly.”

The 55-year-old Abramovich is accused of having close links to Russian President Vladimir Putin, which he denies.

“All net revenues from the sale,” he stated, will be donated to “victims of the Ukrainian war.”

According to reports, Abramovich has already received offers for Chelsea and believes the club is worth up to £3 billion.

“I have always taken choices with the club’s best interests at heart,” Abramovich stated in a statement.

“In light of the present scenario, I have decided to sell the club, as I feel it is in the best interests of the club, its supporters, staff, as well as its sponsors and partners.

“The sale of the club will not be rushed, but will take place in accordance with the law. I’m not going to ask for any loans to be returned.

“I’ve told my staff to establish up a charity foundation to which all of the sale’s net revenues would be given. The organization will serve as a resource for all victims of Ukraine’s war.”

The trustees of Chelsea’s charity foundation, who had not yet consented to take ownership of the club, would no longer be questioned, according to sport reporters. Abramovich was chastised for failing to mention Russia’s invasion of Ukraine in his Saturday statement. Chelsea’s players were not informed about their owner’s new statement until less than an hour before the team’s FA Cup fifth-round clash against Luton Town.

The Premier League squad came back from a 2-0 deficit to win 3-2 and go to the quarter-finals.

After the issue of fines was raised in Parliament, Wyss indicated Abramovich wants “to get rid of Chelsea swiftly.”

The 55-year-old Abramovich is accused of having close links to Russian President Vladimir Putin, which he denies.

“All net revenues from the sale,” he stated, will be donated to “victims of the Ukrainian war.”

According to reports, Abramovich has already received offers for Chelsea and believes the club is worth up to £3 billion.

“I have always taken choices with the club’s best interests at heart,” Abramovich stated in a statement.

Chelsea was purchased for £140 million by Abramovich in 2003, and he stated in a statement that it was “never about business or money, but about sheer passion for the game and club.”

Chelsea has been revolutionized since his ownership of the club, and he has set the standard for how much money is required to compete at the top level of the Premier League.

Abramovich has lent the club more than £1.5 billion in all, which has enabled the team achieve enormous success.

The team has won every major trophy available under his ownership, including the Champions League twice, the Premier League and FA Cup five times, the Europa League twice, and the League Cup three times.

They won the Uefa Super Cup in August 2021 and the Club World Cup in February 2022.

Under his ownership, the club hired 13 different managers and spent more than £2 billion on transfers.

Chelsea’s women’s squad has excelled under Abramovich’s ownership, winning the Women’s Super League four times, the Women’s FA Cup three times, and reaching the Champions League final last season.

World players such as Australia’s Sam Kerr and Denmark’s Pernille Harder have joined the club due to their high profile.

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