ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Ukraine war

Abramovich to sell Chelsea FC as rich Russians feel pressure

Billionaire owner vows to donate sale proceeds to victims of Moscow invasion

 Chelsea owner Roman Abramovich celebrates with team after winning the Champions League Pool in 2021.   © Reuters

LONDON (Financial Times) -- Roman Abramovich has put Chelsea football club up for sale after 19 years of ownership, waiving 1.5 billion British pounds ($2 billion) it owes him and pledging to donate proceeds of the sale to victims of the war in Ukraine.

The Russian-Israeli billionaire on Wednesday said the move was "in the best interest of the club," adding that "this has been an incredibly difficult decision to make, and it pains me to part with the club in this manner."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more