Sport

Abramovich to sell Chelsea FC

Russian billionaire Roman Abramovich announced on Wednesday that he will sell Chelsea FC.

“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,” he said in a statement.

“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,” the businessman added.

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