Highlights

Russian billionaire Abramovich takes decision amid Russia-Ukraine war
Abramovich not ask to be repaid 1.5 billion pounds in loans
Chelsea has Clinched 19 major trophies in the Abramovich era

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Chelsea owner Roman Abramovich to sell club & also help Ukraine war victims

In a major development, Chelsea's Russian billionaire owner Roman Abramovich is trying to sell the Premier League club in order to help the victims of the Russia-Ukraine war

Updated: Sep 02, 2022 10:53

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Chelsea owner Roman Abramovich to sell club & also help Ukraine war victims

Faced with the threat of financial sanctions targeting Russians, Chelsea owner Roman Abramovich confirmed Wednesday that he is trying to sell the Premier League club that he turned into an elite trophy-winning machine with his lavish investment in 2003. He has also pledged to donate any net proceeds from the sale to help victims of the war in Ukraine.

Abramovich's trophy asset made him a high-profile target for politicians demanding he be included among wealthy and influential Russians hit with British sanctions after a week of Russia’s war on Ukraine.

Abramovich said he will not be asking to be repaid 1.5 billion pounds in loans he has granted the club during 19 years of injecting cash to elevate the team into one of the most successful in Europe.

The Blues won the Club World Cup for the first time last month in front of Abramovich in Abu Dhabi. Chelsea has Clinched 19 major trophies in the Abramovich era, including their first two Champions League crowns and five Premier League titles.