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Russia-Ukraine War: Roman Abramovich puts Chelsea football club up for sale, clamour for sanctions grows | Football News

Russian businessman Roman Abramovich said on Wednesday that he would sell Chelsea football, 19 years after his purchase and set the club on the path to sporting glory, and promised to raise money from the sale to help victims of war in Ukraine. Amid growing calls for Abramovich to strike through sanctions following the Russian attack on his neighbor, the big metals said in a statement that a sale is in the best interest of European and international champions.

“In the current situation, I have decided to sell the team, because I believe this is in the best interest of the team, the fans, the staff, and the sponsors and partners,” he said.

Abramovich said he would not ask for loans to the Premier League club – which reported a total of bil 1.5 billion ($ 2.0 billion) – to repay him and that the sale would not be speedy. He has told his sponsors to set up a charitable foundation which will collect all network funds from the sale.

“The foundation will be for the benefit of all war victims in Ukraine,” Abramovich said in a statement. “This includes providing significant funding to the immediate and immediate needs of the victims, and supporting long-term recovery work.”

Swiss financier Hansjoerg Wyss told a newspaper that he was planning to buy Chelsea from Abramovich who said over the weekend that he was returning to work for the club but did not mention any plans to change his assets.

“Abramovich is currently trying to sell all his villages in England. He also wants to get rid of Chelsea as soon as possible. I, along with three other people, received an offer on Tuesday to buy Chelsea from Abramovich, ”Blick told Wyss in an interview published on Thursday.

Haro Trophy

Abramovich bought the West London club in 2003 for 140 140 million and his investment contributed significantly to the most successful season in club history as they won five Premier League titles, five FA Cups and two Champions Leagues.

His purchase of the club helped transform the English football landscape with Chelsea breaking the silence of Manchester United, Arsenal and Liverpool. They beat Brazilian side Palmeiras last month to become champions of the FIFA Club World Cup for the first time, beating Manchester City to become European champions last season.

‘Shake time’ as BBC and former England striker Gary Lineker describes the announcement of Chelsea’s fifth FA Cup tie in Luton Town. Chelsea fans on the street Kenilworth sang the Russian name before it started.

The 55-year-old, a native of Israel and Portugal, became one of the most powerful businessmen in Russia by making great strides after the 1991 secession of the Soviet Union. Forbes has put its value at $ 13.3 billion. Since the Moscow attack on Ukraine, Britain has imposed sanctions on 12 members of the Russian and Belarusian elite, including Russian President Vladimir Putin, and at least 12 banks and companies.

British opposition leader Keir Starmer asked Prime Minister Boris Johnson on Wednesday why there had been no sanctions against the Chelsea owner. Johnson, speaking in Congress, said he could not go into details on specific cases.

But Foreign Secretary Liz Truss has warned that he has developed a ‘beating list’ of Russian oligarchs, saying the government will impose new sanctions on them every few weeks. The Financial Times reports that the government is also considering plans to acquire property belonging to Russian oligarchs.

Abramovich said the decision to sell was a surprise. “I hope I will be able to visit Stamford Bridge one last time and say goodbye to all of you in person,” he said.

Abramovich turned his back on life in London in 2018 when the British government delayed the renewal of his passport following the assassination attempt on a former Russian ambassador to England, which was blamed on Moscow. “It has been a privilege of life to be a part of Chelsea FC and I am proud of all our collective achievements,” he said. “Chelsea Football Club and its supporters will always be in my heart.”

(with Reuters inputs)

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