Displaying items by tag: Chelsea Football Club

It was announced on 2 March that Roman Abramovich wishes to sell Chelsea Football Club. He says he will donate the proceeds from the sale to a foundation ‘for the benefit of all victims of the Ukraine war.’ Swiss billionaire Hansjorg Wyss was given the chance to buy Chelsea. MP Chris Bryant revealed that Abramovich is selling his UK home and another flat, telling the House of Commons that he is ‘terrified of being sanctioned’. He is owed £1.5billion by Chelsea after buying it in a £140m deal in 2003, but he will not ask for any of the loans to be repaid; the sale will not be fast-tracked but will follow due process. Onlookers say that although Abramovich may want to sell Chelsea, he may not be allowed to; it depends on what the Government decides to do in the coming days and weeks. If his assets are frozen, he cannot do anything. His company Evraz continues to trade on the stock market: see