Chelsea Football Club for Sale Amidst Russia-Ukraine Invasion 1

Chelsea Football Club for Sale Amidst Russia-Ukraine Invasion

The Chelsea Football Club of England owner, Roman Abramovich confirmed on Wednesday that he is trying to sell the English Premier League football club Chelsea FC where he spent a lot of money to turn the football club into a trophy-winning club over the threat of financial sanction on Russian businesses and business owners in London.

The 116 years old football club is set to have a change of ownership because of the recent invasion of Russian militaries in Ukraine after the oligarch Roman Abramovich has been the owner for the past 19 years. Abramovich put the club for sale at a floating sales price of at least $2.5 billion (*1,039,750,000,000 Naira).

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A potential buyer, Swiss billionaire Hansjorg Wyss stated that he “received an offer on Tuesday to buy Chelsea from Abramovich” along with another three people. However, the oligarch Roman Abramovich said “the sale of the club will not be fast-tracked but will follow due process.”

Abramovich said he will not ask the club to return the $2 billion he lent the football club over the last 19 years of injecting money to raise the club into one of the most enviable football clubs in Europe.

Last month, the football club won their most anticipated trophy, the Club World Cup which made Chelsea a winner of all types of trophies in Europe.

“I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated,” he said. “The foundation will be for the benefit of all victims of the war in Ukraine.”

“I hope that I will be able to visit Stamford Bridge one last time to say goodbye to all of you in person,” Abramovich said. “It has been a privilege of a lifetime to be part of Chelsea FC and I am proud of all our joint achievements. Chelsea Football Club and its supporters will always be in my heart.”

READ ALSO: Former Chelsea Boss Ranieri Appointed As Watford Manager

Chris Bryant, Labour Party Lawmaker stated in the House of Commons the previous week that Abramovich is planning to sell his London properties, speculating that “he’s terrified of being sanctioned.” Although, the oligarch is yet to react to this statement.

 

* The estimate given above is based on the current official rate of Naira to Dollar as of March 3rd 2022.

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Chelsea Football Club for Sale Amidst Russia-Ukraine Invasion

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