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Russian oligarch Roman Abramovich to sell Chelsea amid Ukraine war


Roman Abramovich smiles as Chelsea’s owner after their victory in the UEFA Champions League Final at Estadio do Dragao (Porto, Portugal) on May 29, 2021.

Alexander Hassenstein | Uefa | Getty Images

Roman Abramovich, a Russian oligarch said Wednesday that he will sell the Chelsea soccer clubThis dramatic reaction to Russian invasion of Ukraine in England is seen as a response in England.

Abramovich announced simultaneously that he instructed the well-respected team to establish a foundation which will utilize all net proceeds of Chelsea’s sale to benefit all Ukrainian war victims.

Abramovich released a statement saying that “I would like address the speculation over the last few days in relation to Chelsea FC’s ownership.”

As I stated previously, I always made decisions in the best interests of the Club. Given the circumstances, I made the decision to sell Club because I feel it is best for the club, its fans and employees.

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