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Billionaire Roman Abramovich confirms intent to sell off Chelsea



Billionaire Roman Abramovich confirms he will sell off Chelsea

Roman Abramovich has confirmed wide insinuation in the media that he is planning to pull of Chelsea Football Club by selling off the club for €3 billion.

In a statement shared by the giant European club on its official website, Roman said just as in the past, this decision is in the best interest of the club.

This is coming on the heels of an ongoing war between Russia and Ukraine. Abramovich, reportedly being a close ally of President Putin of Russia who invaded Ukraine on February 24, has also come under heavy criticism.

Here is Roman’s full statement:

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.

I hope that I will be able to visit Stamford Bridge one last time to say goodbye to all of you in person. It has been a privilege of a lifetime to be part of Chelsea FC and I am proud of all our joint achievements. Chelsea Football Club and its supporters will always be in my heart.

Thank you,


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