March 31, 2023

Athens News

News in English from Greece

Abramovich is selling Chelsea. Proceeds will go to the victims of the war in Ukraine

Roman Abramovich decided to sell the Chelsea football club. The Russian businessman intends to give the proceeds from the sale to help victims of the war in Ukraine, he said in a statement:

“I would like to address the media speculation over the past few days in connection with my ownership of Chelsea. As I said earlier, I have always made decisions in the best interests of the club. Therefore, in the current situation, I have decided to sell the club, because I think it’s in the best interests of the team.”

Abramovich said that the proceeds from the sale of the club will go to a charitable foundation that will be established to help victims of the war in Ukraine. The media write that the businessman began to get rid of his assets due to alleged sanctions in the UK related to the Russian invasion of Ukraine, writes writes BB.LV.

Roman Abramovich bought Chelsea Football Club in 2003 for £140 million. He estimates his investments in it at more than one and a half billion pounds. Over the past almost two decades, Chelsea have become 4-time English champions, won the Champions League and the Europa League 2 times each, won the FA Cup 5 times, won the League Cup three times and won the FA Super Cup twice.

In August last year, the team won the UEFA Super Cup, and less than a month ago won their first Club World Cup. That is, under the auspices of Abramovich, Chelsea managed to win all possible major trophies in football.

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