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Chelsea FC owner Roman Abramovich to sell club



No timetable was provided but Abramovich said the sale “will not be fast-tracked but will follow due process.”
Last week, Abramovich declared he gave “stewardship” of the club over to trustees of the club’s charitable foundation.
In a statement, Abramovich said that the net proceeds from the sale will be donated to a foundation set up to help those impacted by the Russian invasion of Ukraine.

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

“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.”

This is a developing story and will be updated.

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