News Alert: Russian billionaire Roman Abramovich says he will sell English soccer team Chelsea amid Ukraine fallout

Abramovich said in a statement that he would sell the storied London team "in the best interest of the Club, the fans, the employees, as well as the Club's sponsors and partners." The move comes in the face of growing pressure to sanction Russian oligarchs who are believed to be part of President Vladimir Putin's inner circle. In 2021, Forbes valued Chelsea at $3.2 billion, seventh in the soccer world and fourth among Premier League teams behind Manchester United, Liverpool and Manchester City. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Sign up for alerts News Alert March 2, 2:08 p.m. EST Russian billionaire Roman Abramovich says he will sell English soccer team Chelsea amid Ukraine fallout Abramovich said in a statement that he would sell the storied London team "in the best interest of the Club, the fans, the employees, as well as the Club's sponsors and partners." The move comes in the face of growing pressure to sanction Russian oligarchs who are believed to be part of President Vladimir Putin's inner circle. In 2021, Forbes valued Chelsea at $3.2 billion, seventh in the soccer world and fourth among Premier League teams behind Manchester United, Liverpool and Manchester City. Read more   Advertisement

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