Business Standard

Roman Abramovich to sell Chelsea, proceeds to go to war victims

The 55 year-old metals magnate said in a statement that a sale was in the best interests of the reigning European and world soccer champions.

Roman Abramovich
Premium

Roman Abramovich said a sale was in the best interests of the reigning European and world soccer champions

Reuters London
Russian businessman Roman Abramovich said on Wednesday he would sell Chelsea Football Club, 19 years after buying the London side, and promised to donate money from the sale to help victims of the war in Ukraine.

Amid calls for Abramovich to be hit by sanctions after Russia’s invasion of Ukraine, the 55 year-old metals magnate said in a statement that a sale was in the best interests of the reigning European and world soccer champions.

“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

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in