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Ukraine-Russia: Abramovich sells Chelsea management, but does not intend to sell


Following the outbreak of the 
war in Ukraine , many European countries began to issue sanctions against Putin's Russia. Among these states there is also the United Kingdom which has decided to sanction all the Russian oligarchs due to the invasion of Ukraine by the troops of Moscow.

As a result, the Russian billionaire Roman Abramovich, owner of Chelsea, has announced that he will leave the "management and care" of the European and world champion London club to the club's charitable foundation.

Abramovich takes a step back

In 2003 the Russian billionaire bought Chelsea for around 190 million dollars, after almost 20 long years full of triumphs, his club is now valued at 3.2 billion dollars.

With a note on the club's social media, the Russian boss announced that he will step back in the club's corporate hierarchy, leaving Chelsea in the hands of the Foundation's administrators, who are currently in the best position to take care of Chelsea and its fans.

Abramovich's move was forced by Russia's invasion of Ukraine

Following the Russian invasion of Ukraine, British Prime Minister Boris Johnson said he wanted to sanction Vladimir Putin, Russian banks, Putin's advisers and Russian oligarchs present in the country.

In addition to the United Kingdom, other European countries have also launched a series of sanctions to weaken the Moscow government.

For years, Abramovich has had close relations with Vladimir Putin. At the moment it would appear that the Chelsea boss is simply planning to move away from the club, but not to sell it to other bidders.

According to Forbes estimates, Roman Abramovich would have assets of approximately $ 13.6 billion.

At the helm of Chelsea since 2003 he has collected many trophies, transforming the London club into one of the strongest teams in the world. In the palmares it boasts five Premier League, 2 Champions League, 5 FA Cup, 2 Europa League, 3 English League Cups and 2 Charity Shield.

The other Russian oligarchs at the helm of European clubs

  • Dmitry Rybolovlev is the 26th richest man in Russia with assets of around $ 7 billion with two clubs under his control: Monaco and Cercle Brugge.
  • Valeri Alexandrovich Ojf, president of the Dutch Vitesse club.
  • Maxim Demin, president of Bournemouth since 2011, is currently not on the list of Russian oligarchs to be punished by the British government.





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