Chelsea owner Roman Abramovich confirmed on Wednesday that he will sell the Premier League club during Russia’s invasion of Ukraine.
Russian billionaire Abramovich has decided it would be in the “best interest” of the Champions League holders if he part ways with the club he has transformed since his purchase in 2003.
Below is Abramovich’s full statement, as detailed in the official Chelsea website†
I would like to comment on the media speculation in recent days regarding my ownership of Chelsea FC. As I’ve said before, I’ve always made decisions with the best interests of the club in mind. In the current situation, I have therefore made the decision to sell the Club, because I think it is in the best interest of the Club, the fans, the employees, as well as the sponsors and partners of the Club.
The sale of the Club will not be accelerated but will follow the proper process. I will not ask for loan repayments. This was never about business or money for me, but about pure passion for the game and Club. In addition, I have instructed my team to establish a charitable foundation to which all net proceeds from the sale will be donated. The foundation benefits all victims of the war in Ukraine. This includes providing essential funds for the urgent and immediate needs of victims, as well as supporting long-term recovery efforts.
Know that this has been an incredibly difficult decision and it pains me to have to say goodbye to the Club in this way. However, I believe that this is in the best interest of the club.
I hope I can visit Stamford Bridge one last time to say goodbye to all of you personally. Being a part of Chelsea FC has been a privilege of a lifetime and I am proud of all our achievements together. Chelsea Football Club and its supporters will always be in my heart.