Russian oligarch Roman Abramovich succumbed Wednesday to growing pressure to sell English soccer club Chelsea FC over Russia’s invasion of Ukraine.
succumbed Wednesday to growing pressure to sell English soccer club Chelsea FC over Russia’s invasion of Ukraine.
"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.
Eclipse, the private luxury yacht of Russian billionaire Roman Abramovich, anchors at Hisaronu Bay in Marmaris district of Mugla, southwestern Turkey on Oct. 19, 2015. Labour Party legislator Chris Bryant used parliamentary privilege to say Abramovich was already looking to offload other London properties in fear of being sanctioned.
"Abramovich is trying to sell all his villas in England, he also wants to get rid of Chelsea quickly," Wyss told Switzerland’s Blick. "Abramovich is currently asking far too much."
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