Roman Abramovich announces ‘incredibly difficult’ decision to sell Chelsea

The Roman Abramovich era at Chelsea is set to end.

The Russian billionaire announced Wednesday that he has “taken the decision to sell” Chelsea amid mounting pressure related to the invasion of Ukraine.

“This has never been about business nor money for me, but about pure passion for the game and club,” said Abramovich, who assumed control of the Premier League club in 2003.

“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 55-year-old oligarch added: “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.”

Abramovich also said he won’t ask the club to repay him for any loans, which are reportedly worth as much as £1.5 billion.

He ended his statement by saying he hopes to return to Stamford Bridge in the future to say farewell to Chelsea supporters.

“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.”