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Abramovich says he has decided to sell Chelsea Football Club – SABC News

Russian businessman Roman Abramovich said on Wednesday he had decided to sell Chelsea Football Club, 19 years after buying the London side, and promised to donate money from the sale to help the victims of the war in Ukraine.

“I have always made decisions based on the club’s interests,” Abramovich said in a statement posted by the reigning European and world champions on their website.

“In the current situation, I have therefore decided to sell the club, as I believe this is in the interest of the club, supporters, staff, as well as sponsors and partners of the club.

Abramovich said he would not ask for a loan he has given to the club – estimated at a total of £ 1.5 billion ($ 2.0 billion) – to be repaid and sales not to be accelerated.

He said he had told his assistants to set up a charity fund that would receive all the net proceeds from the sale.

“The foundation will be for the benefit of all the victims of the war in Ukraine,” Abramovich said in a statement.

“This involves providing significant resources to meet the urgent and urgent needs of victims, as well as supporting long-term recovery.



Abramovich says he has decided to sell Chelsea Football Club – SABC News

Source link Abramovich says he has decided to sell Chelsea Football Club – SABC News

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