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Roman Abramovich, the owner of Chelsea, has stated that he intends to sell the club.

The sale of Chelsea Football Club is “in the greatest interest of the Club, the fans, the personnel, as well as the Club’s sponsors and partners,” according to Russian businessman Roman Abramovich. The transaction “will not be fast-tracked but will follow appropriate process,” according to Abramovich, who did not specify a date. Last Monday, the billionaire announced that he had handed over “stewardship” of the club to the club’s nonprofit foundation’s trustees.

After receiving a leaked 2019 UK government document that claimed Abramovich was of interest owing to his “connection to the Russian state and his public affiliation with corrupt behavior and practices,” British Member of Parliament Chris Bryant called for Abramovich to lose ownership of Chelsea.

He went on to say, “Surely, Mr. Abramovich should no longer be permitted to own a football team in this country?” According to the sanctions list website, Abramovich has not been sanctioned by the United Kingdom. The billionaire insists that he is not a Russian official politician.
“Tonight, I say to the Russian oligarchs and crooked leaders who built billions of dollars off this murderous dictatorship, no more,” US President Joe Biden said in his State of the Union address on Tuesday.

“The US Department of Justice is putting together a task force to investigate the crimes of Russian oligarchs. We’re teaming up with European allies to track down and seize their private jets, yachts, and luxury apartments. Ill-gotten gains, we’re coming for you.” Abramovich stated in a statement on Wednesday that the sale’s net revenues will be donated to a foundation set up to benefit those affected by Russia’s invasion of Ukraine. The message stated, “I will not be asking for any debts to be repaid.”

Here is the statement from the owner himself:

Chelsea was valued at $3.2 billion by Forbes in April 2021. According to the magazine, Abramovich, who made his money in steel and investments, was tied for the 142nd richest person on the planet with a net worth of $14.5 billion. Prior to Abramovich’s declaration that the team will be sold, Swiss billionaire Hansjörg Wyss expressed interest in purchasing Chelsea.

The 86-year-old stated in an interview with Blick, a Swiss daily, that he is interested in buying Stamford Bridge, but only as part of a group. CNN reached out to Chelsea for comment, but she did not answer. According to Blick, Wyss and three other people got an offer from Abramovich to acquire Chelsea, but there is no set selling price.

In the interview, Wyss, who established the medical device company Synthes USA, was reported as adding, “I’ll have to wait another four to five days. Currently, Abramovich is asking for far too much.” Chelsea has won two Champions League titles, including one in 2021, and five English Premier League titles since Abramovich purchased the team for $233 million in 2003. Chelsea came from behind to upset Luton Town 3-2 in the FA Cup fifth round on Wednesday.

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