Roman Abramovich, Russian Owner Of FC Chelsea, Will Sell The Club After The Invasion Of Ukraine

No timetable was provided, but Abramovich said the sale “will not be quick, but will follow the proper process”.

Last week, Abramovich said he had transferred “management” of the club to trustees of the club’s charity foundation.

British MP Chris Bryant previously called on Abramovich to lose ownership of Chelsea after seeing a leaked document from the UK government in 2019, which said that Abramovich is of interest because of his “ties with the Russian state and his public association with corrupt activities and practices “, said the MP in a post on Twitter.

“Surely Mr. Abramovich should no longer be able to own a football club in this country?” He added.

Abramovich himself has not been sanctioned by the United Kingdom, according to the sanctions list’s website.

In a statement Wednesday, Abramovich said the net proceeds would be donated to a foundation set up to help those affected by the Russian invasion of Ukraine.

“I will not want any loans to be repaid,” the statement said.

“It was never about business or money for me, but about pure passion for the game and the club. I also instructed my team to set up a charity where all net sales proceeds would be donated. The foundation will benefit all victims of the war in Ukraine. This includes providing critical resources for the urgent and urgent needs of victims, as well as supporting long-term recovery work. “

In April 2021, Forbes said Chelsea was worth $ 3.2 billion. Abramovich, who made his money from steel and investment, was equal to the 142nd richest man in the world with a net worth of $ 14.5 billion, the magazine estimates.

Chelsea won two Champions League trophies – including 2021 – and five English Premier League trophies since Abramovich took ownership of the club in 2003 after paying $ 233 million.

Chelsea are on the field on Wednesday night in the match of the fifth round of the FA Cup away to Luton Town.