Naman Ramachandran Russian-Israeli billionaire Roman Abramovich is selling his Chelsea FC Premier League soccer club, with the proceeds going to Ukraine war victims. “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,” Abramovich said in a statement on Wednesday.“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.
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