Chelsea owner Roman Abramovich has decided to sell the club after 19 years of ownership

After 19 years as Chelsea FC owner, Roman Abramovich is set to sell Chelsea Football Club for £4billion as pressure grows over his ownership amid Russia’s ongoing invasion of Ukraine.

The 55-year-old Russian billionaire bought Chelsea in 2003 and has led them to the most successful spell in their history. Since taking over, Chelsea have won a total of 19 major titles, including five Premier League titles, two Champions League, both domestic trophies, the UEFA Super Cup and very recently the FIFA Club World Cup.

In a statement made on the official Chelsea website, the news confirming the Club’s sale was officially released.

The statement began as follows:

I would like to address the speculation in media over the past few days in relation to my ownership of Chelsea FC. As I have stated before, I have always taken decisions with the Club’s best interest at heart. 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 fans, the employees, as well as the Club’s sponsors and partners.

The sale of the Club will not be fast-tracked but will follow due process. I will not be asking for any loans to be repaid. This has never been about business nor money for me, but about pure passion for the game and Club. Moreover, I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine. This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery.

Please know that this has been an incredibly difficult decision to make, and it pains me to part with the Club in this manner. However, I do believe this is in the best interest of the Club.

I hope that I will be able to visit Stamford Bridge one last time to say goodbye to all of you in person. It has been a privilege of a lifetime to be part of Chelsea FC and I am proud of all our joint achievements. Chelsea Football Club and its supporters will always be in my heart.

Thank you,

Roman

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