Tuesday, October 4, 2022
More

    Home Sports Abramovich on the verge of selling Chelsea

    Abramovich on the verge of selling Chelsea

    Roman Abramovich, the Russian oligarch, has decided to sell Chelsea, according to an official statement released by the Chelsea Twitter account on Wednesday.

    The statement read “I would like to address the speculation in media over the past few days in relation to my ownership of Chelsea FC. As I have stated before, I have always taken decisions with the Club’s best interest at heart. In the current situation, I have therefore taken the decision to sell the Club, as I believe this is in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners,” Abramovich said.

    Abramovich has stated that he will not seek repayment for the 1.5 billion pounds ($2 billion) in loans he has given the club over the course of 19 years of putting money into the club to help it become one of Europe’s most successful.
    After winning their second Champions League title last year, the Blues won the Club World Cup for the first time last month in front of Abramovich in Abu Dhabi.

    The speed with which Abramovich is leaving Chelsea is remarkable, given that he was attempting to put in place a strategy this past weekend to relinquish some power in order to keep the club under his control. Mr Abramovic also announced that all the net proceeds from the sale of the club will be donated to a foundation that will help the victims of the War in Ukraine.

    However, as Russia’s intervention in Ukraine began its seventh day, pressure mounted on the British government to name him among the affluent Russians who would be sanctioned.

    RELATED ARTICLES

    Jasprit Bumrah “Gutted” To Not Be Part Of Team India’s T20 WC Squad

    New Delhi [India]: Star Indian pacer Jasprit Bumrah said he was gutted about not playing for Team India in ICC T20 World Cup this year, but said he will be cheering the team through their campaign in Australia. .... Tap to read more.

    Kohli Declines Offer For Strike From Karthik To Complete Fifty

    Guwahati (Assam): The second T20I between India and South Africa in Guwahati was a high-scoring game worth its money and one of the moments that defined the result in India's favour was the finishing touch given by wicketkeeper-batter Dinesh Karthik in the final over. ...Tap to read more.

    Have To Keep Conditions In Mind: KL Rahul On India’s Death Over Woes

    Following the narrow 16-run win over South Africa in the second T20I, Indian batter KL Rahul said that the team has been making an effort to get 20-30 more runs than the par score since last one year or so. ....Tap to read more

    Most Popular

    Uttarakhand: 28 Mountaineers Trapped In Avalanche; Rescue Ops Underway

    As many as 28 people are feared trapped in an avalanche that hit Draupadi's Danda-2 mountain peak in Uttarakhand, chief minister Pushkar Singh Dhami said on Tuesday. ...Tap to read more

    Government Liberalises FM Radio Norms

    New Delhi [India]: The Government on Tuesday approved the amendments of certain provisions contained in the policy guidelines on the expansion of FM radio broadcasting services through private agencies (Phase-III) referred to as Private FM Phase-III Policy Guidelines. ...Tap to read more.

    ‘Brahmastra’ Mints Rs 425 Crore Worldwide, See How Team Reacted

    Mumbai (Maharashtra): Alia Bhatt and Ranbir Kapoor-starrer 'Brahmastra' has undoubtedly ended the dry spell of Bollywood at the box office. ...Tap to read more.

    J-K: Mobile Internet Services Suspended In Parts Of Jammu, Rajouri

    Srinagar (Jammu and Kashmir): Mobile Internet services have been temporarily suspended on Tuesday in parts of Jammu and Rajouri districts of Jammu and Kashmir. ...Tap to read more.

    Recent Comments