• Premier Abramovich leaves the management of Chelsea in the hands of the Club Foundation

  • Six figureheads Abramovich's unexpected maneuver to avoid losing control of Chelsea:

  • Hansjörg Wyss The Swiss billionaire interested in Chelsea

Chelsea owner Roman Abramovich

confirmed on Wednesday that the English club is for sale and that he will not ask for any of the loans he has made to the team in recent years to be repaid.

"I would like to respond to the speculation that has been in the media in recent days regarding Chelsea. As I have said on other occasions, I always make decisions in the best interest of the club and, in the current situation,

the best decision is to sell the club

," Abramovich said in a statement.

The Russian assured that the sale of the club will not be immediate but that it will follow a process and that

he will not ask that the loans he has made to the team, and which amount to more than 1,500 million pounds, be paid

.

"This has never been about business or money, but about love and passion for the sport and for the club.

I have asked my team to open a charity and that all the profits from the sale will go to the victims of the war in Ukraine

. This includes both providing urgent funds right now and those victims who need long-term recovery," added the Russian tycoon.

"Go Back One Last Time"

"It has been a very difficult decision to make and it pains me a lot to have to leave the club.

I hope to be able to return to Stamford Bridge one last time so I can say goodbye to all of you

. It has been a privilege to be part of Chelsea and I am very proud of everything What have we achieved".

Abramovich bought Chelsea in 2003 for around €100m and has since

made them one of Europe's top teams, with 18 titles since then

, including two European Cups.

An American consortium, with billionaire

Hansjörg Wyss

at the helm, has been one of the first to show interest in buying the club, although they have been reluctant about the price Abramovich is asking for.

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