“I’ve been announcing my plan to sell Chelsea FC for about three months now. During this period, the staff has worked tirelessly to find Chelsea FC the appropriate custodian who will best position the club to succeed in its next chapter “Abramovich’s formal statement.

He stated that club ownership carries a significant deal of responsibility and that he has seen firsthand what the team can accomplish throughout his nearly two-decade tenure with it.

“My goal has been to ensure that the next owner has a mindset that will allow the Men’s and Women’s teams to succeed, as well as the desire and passion to continue developing other critical areas of the Club, such as the Academy and the vital work of Chelsea Foundation,” the statement continued.

Abramovich expressed his delight that the search for the perfect owner had come to an end, and wished the future owner success on and off the pitch.

“It has been a privilege to be a part of this Club for these amazing years, and I would like to thank all of the Club’s former and current players, staff, and, of course, supporters. I am delighted that the new charity foundation that is being founded will assist millions of people as a result of our shared achievements. This is the legacy we’ve left behind as a team “The statement went on to say that

On March 2, Russian-Israeli billionaire Abramovich placed Chelsea, which he bought in 2003, up for sale. Due to anger over his reported strong relations with Russian President Vladimir Putin during the country’s continuing military action in Ukraine, he had to leave the club.

Chelsea Football Club can confirm that a final and definitive deal was entered into last night to sell the Club to the Todd Boehly / Clearlake Capital consortium, according to an official statement.

“On Monday, the transaction is likely to be finalised. At that time, the Club will provide additional information “Added the club. (ANI)

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The two-billionaires plus businessman Oleg Deripaska and four other Russian oligarchs are the most high profile figures to be added to the British sanctions list since Rusia’s invasion of Ukraine and follow criticism that Britain has been acting too slowly.

The action puts on ice Abramovich’s plan to sell the Premier League club, the current European champions, although the government said the team could still carry on playing.

“There can be no safe havens for those who have supported Putin’s vicious assault on Ukraine,” said British Prime Minister Boris Jonson. “Today’s sanctions are the latest step in the UK’s unwavering support for the Ukrainian people. We will be ruthless in pursuing those who enable the killing of civilians, destruction of hospitals and illegal occupation of sovereign allies.”

In total Britain said the seven figures added to the sanction list had a collective net with of 15 billion pounds. Thursday’s action means Abramovich is banned from carrying out transactions with British individuals and businesses, and cannot enter or stay in Britain. His spokeswoman declined immediate commen.

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Abramovich took control of the west London club in June 2003, and his investments have been crucial to the team’s success since then.

Statement from Roman Abramovich.

— Chelsea FC (@ChelseaFC) March 2, 2022

Chelsea has won 19 major honors since taking control, including the Premier League, Champions League, both domestic trophies, the UEFA Super Cup, and, most recently, the FIFA Club World Cup.

The news of the club’s sale was officially announced in a statement on the official Chelsea website.

The following was the start of the statement:

“I’d want to address the media rumors about my ownership of Chelsea FC over the last few days.

“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.

“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.”

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