Abramovich Confirms Selling Chelsea FC


- Grant Whittington

Russian billionaire Roman Abramovich recently released a statement signalling his intention to sell off his beloved Chelsea Football Club. Acquired as a low-level London-based club in 2003 for £140 million, Abramovic built Chelsea from the ground up to what is now one of the most known and loved football clubs on the planet.

In the statement, Abramovich stated that it was in the best interest of the club, players, and its fans that he moves the club on to its next owners. Before taking the decision to sell Abramovich had initially handed control and stewardship of the club over to the Chelsea Trustee Foundation in an attempt to protect it from the interference that he might face from British Parliament.

Why Does Abramovic Want to Sell?

The decision to sell the Stamford Bridge Club comes at a time when international relations between countries far and wide are at an all-time low, especially in the midst of the Russian invasion of Ukraine. Governments from all around the world are taking the appropriate actions by sanctioning Russia, and its oligarchs in the process, in an attempt to halt the invasion.

The British Parliament is taking a similar course of action and has specifically targeted Roman Abramovich, as he owns massive assets in the UK which could be sanctioned, including Chelsea FC. The British Parliament, specifically Labour MP Chris Bryant, has been adamant about the sanctioning of Roman Abramovic, believing the Chelsea owner to be one of Putin’s close allies.

There have been multiple contrasting reports, coming from reliable media outlets, stating that Abramovich has been in Ukraine trying to broker a peace deal on Russia’s behalf. In his statement, he went further to state that all the proceeds of the sale of Chelsea will go to aid survivors in Ukraine.

Rumours Of Potential Buyers

So far, not much has been leaked about who the potential new owners of Chelsea FC will be, except for the recurrence of two names. Rumours are circulating that Swiss Billionaire Hansjorg Wyss has been offered the chance to purchase the club for around €3 billion. Wyss does not believe that he could run the club on his own and has sought the partnership of an unnamed American consortium.

Abramovich has also made it clear that losing Chelsea is painful for him due to his overwhelming love for the club. He promised that his successor would have to share this love before being offered a chance to own the club.

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