After coming under pressure after Russia’s invasion of Ukraine, the billionaire Russian oligarch Roman Abramovich said he will sell Chelsea – the Premier League …
After coming under pressure after Russia’s invasion of Ukraine, the billionaire Russian oligarch Roman Abramovich said he will sell Chelsea – the Premier League team that was transformed into one of the world’s top soccer clubs under his ownership. « 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, » Abramovich said in a statement released by the team Wednesday. The club will set up a charitable foundation, which will use the net proceeds of the sale to benefit « all victims » of the war in Ukraine, he said. « This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery, » the statement read. Abramovich’s massive fortune comes from his involvement in the Russian oil and metals industries, especially his acquisition of a formerly state-owned oil company during the wave of privatization in Russia in the mid-1990s.
