Abramovich puts Chelsea up for sale amid sanctions threat

London, Mar 2 (EFE).- Russian billionaire Roman Abramovich is looking to sell Chelsea F.C. amid fears he could be targeted by British sanctions leveled at a number of oligarchs and Moscow institutions following Russia’s invasion of Ukraine, a Swiss businessman has said.

Hansjörg Wyss, 86, who sits on a fortune of over $5 billion, said he was approached to buy the Premier League club.

“Abramovich is trying to sell his villas in England. He also wants to get rid of Chelsea quickly,” Wyss told Swiss newspaper Blick in an interview published Wednesday.

Ambramovich has loaned Chelsea some 1.5 billion pounds ($2 billion) since he bought the club for 100 million pounds back in 2003.

Thanks to the oligarch’s money, Chelsea went from a competitive English team to a dominant force, winning five Premier League titles and two Champions League trophies since he took over.

Abramovich last week announced that he would transfer the day-to-day management of Chelsea F.C. to its charitable foundation. EFE


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