The embattled businessman said proceeds from the sale will go to 'victims of the war in Ukraine.'
. The businessman has pushed back against this characterization, but it has done little to quell anger, especially in recent days.Many felt the threat of penalties was why Abramovich announced on Saturday that he was transferring the “stewardship and care” of Chelsea to its charitable foundation. If that move was an attempt to shield his ownership in the club, it doesn’t seem to have worked.
why the businessman had yet to be sanctioned. With little sign of pressure letting up anytime soon, it seems that Abramovich, who has previously rebuffed offers to buy the club, decided it was time to sell.posted on the Chelsea website and social media channels“I would like to address the speculation in media over the past few days in relation to my ownership of Chelsea FC,” Abramovic said in a statement posted to the club’s website.
Chelsea’s Kai Havertz celebrates scoring in his team’s 1-0 defeat of Manchester City in the 2020-21 Champions League Final The statement also said that Abramovich has no intention of fast-tracking the sale, but that he planned to write off the club’s debt, which includes roughly $2 billion he put into the team himself, and that he would not profit from the sale. Instead, proceeds will be used to set up a charitable foundation “for the benefit of all victims of the war in Ukraine.
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