Abramovich confirms that he will sell Chelsea and donate profits to Ukraine victims

Roman Abramovich has confirmed the rumours, Chelsea is for sale and his time at the head of the London team is approaching his last days due to the war in Ukraine. The Russian tycoon himself has released an official statement in which he states that “given the current situation, the best decision is to sell the club.”

Abramovich has stated that the sale will not be immediate, but rather opens a process through which the club will change hands. He furthermore has stated that all the benefits of this operation will go to the victims of the war from Ukraine. The reason why he takes this initiative is to make it clear that he does not seek to earn money through this movement, but that his entire career in football is due to “love and passion for the club”.

“It has been a very difficult decision to make and it pains me a lot to have to leave the club. I hope to be able to return to Stamford Bridge one last time to to be able to say goodbye to all. It has been a privilege to be part of Chelsea and I am very proud of everything we have achieved.”

the russian tycoon became owner of the club in 2003 by 100 million euros. At that time the ‘good’ team was a minor team in the Premier League and, after heavy investment by its new owner, it has managed to be one of the most important in England with 18 titles, including two Champions Leagues, a competition in which He is current champion.

Now, after many years, the sale could amount to more than 1,900 million euros, according to KPMG data. The new owner will find himself with a runaway debt due to the coronavirus, which is already around 1,800 million euros.