The Russia billionaire is looking to sell the club he bought in 2003 after threats of sanctions in England.
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John Terry has been criticized in UK parliament after the former Chelsea captain praised Roman Abramovich on Twitter.
One told him to "Try thinking of other people for a change", while another wrote: "You should be ashamed. In the statement Abramovich said that he "will not be asking for any loans to be repaid." He also vowed to pass on "all net proceeds" from the sale to a new charitable foundation to help "all victims of the war in Ukraine".
Roman Abramovich has confirmed his intention to sell Chelsea. ESPN reported earlier on Wednesday that the 55-year-old was willing to listen to offers for ...
The site's freehold is held by Chelsea Pitch Owners and would not therefore be included in any sale of the club. However, I do believe this is in the best interest of the club. Chelsea Football Club and its supporters will always be in my heart." "Moreover, I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated," continued Abramovich's statement. Abramovich announced his intention to donate profits of any sale -- he bought the club for £140m in 2003 and is owed £1.514bn in loans -- to victims of the Ukraine conflict. He held talks with the Blues and Tottenham but failed to find an agreement with either owner. Abramovich is under pressure to sell because should the U. K. government sanction him, Chelsea could be seized as an asset. He later corrected the record to say he isn't. Well, why on Earth isn't he?" I, along with three other people, received an offer on Tuesday to buy Chelsea from Abramovich," Swiss newspaper Blick quoted Wyss as saying in an interview published Wednesday. I will not be asking for any loans to be repaid. "As I have stated before, I have always taken decisions with the club's best interest at heart. This is a modal window.
A close associate of Vladimir Putin, Abramovich was under intense pressure from British politicians. He said proceeds from the Premier League team sale will ...
Club owners now include megarich investors from the U. S., the United Arab Emirates, China, Thailand, Egypt and Iran. The club is now worth more than $3 billion, according to a Forbes estimate from last year. On Wednesday, before Chelsea's announcement, Labour Party leader Keir Starmer asked publicly about Abramovich directly: "Last week the prime minister said that Abramovich was facing sanctions. "Please know that this has been an incredibly difficult decision to make, and it pains me to part with the Club in this manner. He later corrected the record to say that he isn't. Well, why on earth isn't he?" Apparently feeling the pressure, Abramovich announced Saturday that he was handing over "stewardship and care" of the club to the trustees of its charitable foundation.
As British lawmakers take aim at wealthy Russians, Roman Abramovich confirmed he was seeking to sell the Premier League team he has owned since 2003.
Wealthy Russians living in "Londongrad," like Abramovich, could be free of UK sanctions for a while because of legal complications, people say.
That effort is complicated by budget cuts to the National Crime Agency, which helps gather evidence for sanctions, according to a person who briefed on the government’s plans. There has been little time to see how U. K. judges handle sanctions challenges. While the U. K. sanctions system largely mirrors the EU’s, there are differences, including the mechanisms to challenge a decision. Amid a growing perception of U. K. foot-dragging, another person familiar with the matter said ministers are considering emergency legislation to speed up the sanctions response. On Wednesday, he said he is selling Chelsea and has instructed the board to set up a charitable foundation that will get all net proceeds from the sale. Russia’s Ukraine invasion is the first big test for the U. K.’s post-Brexit sanctions regime, which came into force in 2020.