I saw this recently on Markets Insider – Russian Billionaire Roman Abramovich To Sell Chelsea FC: What It Means, Who Could Buy It And 3 Stocks To Watch: https://markets.businessinsider.com/news/stocks/russian-billionaire-roman-abramovich-to-sell-chelsea-fc-what-it-means-who-could-buy-it-and-3-stocks-to-watch-1031249311. Longer article.
Chris Katje, Benzinga March 2, 2022
English Premier League powerhouse Chelsea FC is on the sale block as the result of pressure on team owner Roman Abramovich.
What Happened: Abramovich said the sale will be completed in “due process.” The owner also said he will not ask for loans he provided to the team to be repaid.
“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,” Abramovich said.
Net proceeds from the sale will be donated to a charitable foundation used to help victims of the war in Ukraine, he said.