Roman Abramovich’s ERA at Chelsea is over. The club’s Russian owner announced he was selling Chelsea after the constant pressure from his country’s invasion of Ukraine.

The announcement was made by Abrahamovic less than an hour ahead of Chelsea’s FA Cup match against Luton Town, Thursday (3/3) early morning. The Russian billionaire let go of the club as the best decision in the current situation. “This was a very difficult decision to make and painful for me to part with the club in this way. However, I believe it is in the best interest of the club,” Abramovich said. The Chelsea football club and its supporters will always be in my heart,” added the 55-year-old man.

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Chelsea for sale, Tuchel hopes there will be no drastic changes The departure was a big moment in English football after nearly two decades of Chelsea under Abramovich’s ownership transformed into a big club that is respected both in England and Europe. Abramovich bought Chelsea in 2003 for 140 million euros and made a breakthrough to recruit Jose Mourinho as coach to threaten the dominance of Manchester United and Arsenal at that time. Chelsea with the power of Abramovich’s money also managed to win 19 major titles, including for the first time the Champions League trophy in the 2011/2012 season. The Blues have now collected two Champions League trophies. In the Premier League, Chelsea won five titles during the Abramovich era. The British government has not imposed any sanctions on Abramovich, who is said to be close to Russian President Vladimir Putin. Letting go of Chelsea is the option chosen by Abramovich amid concerns about the potential confiscation of his assets. Swiss billionaire Hansjorg Wyss and US investor Todd Boehly, who also owns the Los Angeles Dodgers baseball team, are reportedly preparing a bid for Chelsea. Abramovich’s asking price for Chelsea is said to be around 3 billion euros ($4 billion). Regarding the sale, Abramovich also announced that he would not collect the club’s debt of 1.5 billion euros. Furthermore, he formed a team to establish a foundation. All net proceeds from the sale of the club are planned to be donated to victims of the Ukrainian war. This includes providing funds for the immediate needs of the victims as well as supporting long-term recovery,” he said. (AFP/OL-5)

By Arkha