The Russian owner says he is in the process of handing over the ownership of the London-based club.
Mounting pressure from fans and politicians have finally persuaded Roman Abramovich to sell Chelsea. Abramovich’s position came under fierce scrutiny after Russia’s invasion of Ukraine started last week.
After a wave of speculations around Chelsea’s future, the Russian businessman has now confirmed he will sell club.
Abramovich wrote on the club’s website: “I would like to address the speculation in media over the past few days in relation to my ownership of Chelsea FC.
“As I have stated before, I have always taken decisions with the Club’s best interest at heart. In the current situation, I have therefore taken the decision to sell the Club, as I believe this is in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners.
“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 added: “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.
“This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery.
“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.
“I hope that I will be able to visit Stamford Bridge to say goodbye to all of you in person. 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. Thank you, Roman”
What’s next for Chelsea?
Thomas Tuchel admitted talks about the club’s ownership distracts his team. The Blues lost the Carabao Cup final against Liverpool earlier this week, missing the chance to win their second trophy of the year.
Tuchel’s side will now prepare to face Luton Town in the fifth round of the FA Cup. His side will then travel to Turf Moor to meet Burnley in the Premier League.