OFFICIAL: Roman Abramovich confirms Chelsea FC will be put up for sale.

The ripple effects of Russia invading Ukraine has been imense for various Russian nationals across Europe and other parts of the world.

As such Chelsea football club’s owner since 2003 has had to hand over the affairs of the club to the trustees of Chelsea Foundation. He has however released an official statement comfirming the of the club.

Read official statement below

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. 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 one last time 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
 

It is uncertain how much the club will be sold for at the moment.

Fans of Chelsea FC have shared mixed reations on social media following the news.