Roman Abramovich confirms he’ll promote English Premier League membership Chelsea

Faced with the specter of monetary sanctions focusing on Russians, Chelsea proprietor Roman Abramovich confirmed Wednesday he’s making an attempt to promote the Premier League membership he become an elite trophy-winning machine together with his lavish funding.

Abramovich’s trophy asset made him a high-profile goal for politicians demanding he be included amongst rich and influential Russians hit with British sanctions after per week of Russia’s conflict on Ukraine.

“Please know that this has been an incredibly difficult decision to make, and it pains me to part with the club in this manner,” Abramovich stated in a press release. “However, I do believe this is in the best interest of the club.”

It is likely one of the most beautiful enterprise repercussions of President Vladimir Putin’s resolution to invade Russia’s neighbor.

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“The sale of the club will not be fast-tracked but will follow due process,” Abramovich’s assertion added.

The Russian billionaire stated he is not going to be asking to be repaid 1.5 billion kilos ($A2.7 billion) in loans he has granted the membership throughout 19 years of injecting money to raise the workforce into some of the profitable in Europe.

“I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated,” he said. “The foundation will be for the benefit of all victims of the war in Ukraine.”

Abramovich has faced calls to condemn Russia’s attack on Ukraine, which he so far has not done.

Parliamentary privilege had been used by Labour Party legislator Chris Bryant to claim in the House of Commons on Tuesday that Abramovich was already looking to sell London properties, speculating that “he’s terrified of being sanctioned.”

The Blues won the Club World Cup for the first time last month — in front of Abramovich in Abu Dhabi — after securing a second Champions League title last year.

The speed of Abramovich’s pending exit from Chelsea is striking as he was trying to instigate a plan this past weekend to relinquish some control in order to keep the club under his ownership. But the charity regulator began investigating an attempt to try to distance himself from decision-making at Chelsea for the first time by announcing plans to shift the “stewardship and care” of the club its foundation trustees.

“I hope that I will be able to visit Stamford Bridge one last time to say goodbye to all of you in person,” Abramovich said. “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.”

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