Chelsea Up For Sale Confirms Russian Owner

March 4, 2022 by

Russian billionaire Roman Abramovich has finally conceded to offload his ownership in English soccer club Chelsea. Abramovich confirmed the decision on Wednesday amid growing pressure from the UK government following wide-spread sanctions against Russia after its invasion of the Ukraine.

According to inside sources, at least two groups are interested in making an offer for the club.

Abramovich also said all net profits gained from the sale of the club would be donated to Ukrainian victims of the war. He also revealed that he had written off the £1.5 billion in loans he had made to Chelsea since taking over ownership of the club in 2003.

Part of a consortium (to be formed) interested in buying the club are billionaires Todd Boehly and Hansjorg Wyss. The latter, an 86-year-old businessman worth a reported £4.3 billion had been the first to show interest in acquiring Chelsea.

Those interested in buying the club have been invited to make an official bid by no later than March 15, 2022.

Abramovich, meanwhile, has strongly denied all allegations suggesting a close friendship with Vladimir Putin. According to a source close to the billionaire, he had lost the will to fight the issue because of the immense political pressure faced.

The 55-year-old said this week that his decisions had always been made with only the best interests of the club in mind. He said the decision to sell had been taken in this same spirit, and in the interests of the fans as well as the club’s sponsors.

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