Roman Abramovich has taken the decision to sell Chelsea as pressure grows over his ownership, amid Russia’s ongoing invasion of Ukraine.
Earlier this week, Labour MP Chris Bryant used Parliamentary Privilege to also reveal Abramovich is selling his UK home and another flat, telling the House of Commons the Russian billionaire is “terrified of being sanctioned”.
In a statement released on the club’s website today, Roman Abramovich officially part ways with the club as the search for a new owner begins.
“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 statement also highlight the interim succession procedures and the Chelsea Charity Board that will take charge until a new buyer is found while also wishing he would be able to visit the UK one more time to say his goodbyes in person.
A price tag of £3 billion is expected to be placed on the club as Abramovich is willing to listen to offers for Chelsea with Swiss billionaire, Hansjorg Wyss one of the names on the list of potential buyers.