In a quick and shocking turn of events that have unfolded over the past few days, Chelsea football club is now up for sale.
As the world bears witness to one of the most destructive and unnatural events taking place over in Ukraine and Russia, the football world was shaken up with multiple effects showing. First, FIFA and UEFA discussed eliminating Russia and their clubs from all of their events. Then, Abramovich was being looked at for corruption charges and also for being a major player from the Russian side in terms of financing. After these two events, FIFA and UEFA banned all Russian clubs and the national team from their events. Abramovich was then banned from staying in England, post which he eventually stepped down from the executive position in Chelsea.
Now, Abramovic has confirmed he has put Chelsea up for sale and the proceeds from the sale will be transferred to the Ukrainian government directly or the victims through a specific organisation.
A statement on the club’s website on Wednesday read: “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.”