Russian/Ukraine War: Chelsea Owner, Abramovich confirms decision to sell club

Chelsea owner, Roman Abramovich has put to rest speculations regarding his plan for the English Premier League club as his statement on the club’s website on Wednesday, said he has decided to sell the club.

The 55-year-old Russian oligarch has been under the spotlight due to his alleged ties with Russian President, Vladimir Putin.

U.S President, Joe Biden, during a recent broadcast, vowed that the West would seize everything that belonged to Russian Oligarchs, including their apartments.

Abramovich has strongly denied any links to the Russian President, but calls for his sanction keep getting louder.

However, Swiss billionaire, Hansjorg Wyss, earlier revealed that Abramovich had reached out to him to find out if he would like to buy the club, demanding in excess of £2billon.

The Chelsea owner has however put the speculations to rest, saying in the statement, “I would like to address the speculation in media over the past few days in relation to my ownership of Chelsea FC.

“As I have stated before, I have always taken decisions with the Club’s best interest at heart. In the current situation, I have therefore taken the decision to sell the Club, as I believe this is in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners.

“The sale of the Club will not be fast-tracked but will follow due process. I will not be asking for any loans to be repaid. This has never been about business nor money for me, but about pure passion for the game and Club.

“Moreover, I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated.

“The foundation will be for the benefit of all victims of the war in Ukraine. This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery.

“Please know that this has been an incredibly difficult decision to make, and it pains me to part with the Club in this manner. However, I do believe this is in the best interest of the Club.

“I hope that I will be able to visit Stamford Bridge one last time to say goodbye to all of you in person. It has been a privilege of a lifetime to be part of Chelsea FC and I am proud of all our joint achievements. Chelsea Football Club and its supporters will always be in my heart.”