Abramovich sells FC Chelsea, promises to donate money to Ukrainians

“The sale of the Club will not be fast-tracked but will follow due process… 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,” reads the tycoon’s statement released on the official website of the Club.

According to Abramovich, the decision to sell Chelsea was made in the interests of the Club, the fans, the employees, as well as the Club’s sponsors and partners. "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, "said the oligarch.

Earlier, the media reported that Roman Abramovich was urgently selling his property in the UK, fearing possible sanctions. So far, Abramovich has not been subject to sanctions by either the EU or Britain, but that may change. Abramovich is a citizen of Russia, Portugal, Israel and a resident of London.

ol