Breaking: Russian billionaire Roman Abramovich says he will sell the English soccer team Chelsea amid the fallout of Russia’s invasion of Ukraine.
Abramovich said in a statement Wednesday 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.