Roman Abramovich has confirmed that he has sold Chelsea football club and all net proceeds go to war victims in Ukraine.
Earlier this week, Labor MP Chris Bryant used parliamentary privilege to reveal that Abramovich had sold his UK home and another flat, telling the House of Commons that the Russian billionaire was “fearful of being punished”.
The Chelsea owner has openly admitted that he wants to sell the club, after Swiss billionaire Hansjorg Wyss said he had been offered the chance to buy the club.
Abramovich owes Chelsea £1.5bn after buying the club in a £140m deal in 2003, but said he would not want any loans repaid.
He said Chelsea’s sale “will not be expedited, but will follow the necessary process”.
“For me it was never about work or money, it was pure passion for the game and the club,” Abramovich said.
“I asked my team to create a charitable foundation where all the net profits from the sale will be donated. The foundation will benefit all victims of the war in Ukraine. This includes providing the necessary funds for the immediate and immediate needs of the victims as well as to support long-term recovery work.”
Abramovich’s full description
I would like to address the speculations that have appeared in the media lately about my ownership of Chelsea FC. As I have said before, I have always made decisions in the best interests of the club. In the current situation, I have decided to sell the club as I believe it is in the interest of the club, the fans, the staff, the sponsors and partners of the club.
The sale of the club will not be expedited, but a regular procedure will be followed. I will not demand any loan repayment. For me it was never about work or money, pure passion for the game and the club. I have also instructed my team to set up a charitable foundation to which all net profits from the sale will be donated. The foundation will benefit all victims of the war in Ukraine. This includes providing necessary funds for the immediate and immediate needs of victims as well as supporting long-term rescue efforts.
Please know that this is an incredibly difficult decision and it pains me to part ways with the club like this. But I think it’s in the club’s interest.
I hope I can visit Stamford Bridge one last time to bid you farewell in person. It has been my life’s privilege to be a part of Chelsea FC and I am proud of all of our shared achievements. Chelsea Football Club and their fans will always be in my heart.
More coming soon…
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