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Statement from Roman Abramovich

chelseafc.com

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Re: Statement from Roman Abramovich

#4
>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.

That's quite the statement coming from one of Russia's biggest oligarch.

Re: Statement from Roman Abramovich

#5
post #4

>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. That's quite the statement coming from one of Russia's biggest oligarch.

How likely is it to happen?

Re: Statement from Roman Abramovich

#7
post #4

>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. That's quite the statement coming from one of Russia's biggest oligarch.

I think it implies Ukrainian and Russian (and other!) people. It's very much not taking a stance and if anything agreeing that the war has to be done, people will unfortunately be hurt, and he plans on helping them all. But still supports the invasion.

Re: Statement from Roman Abramovich

#8

For context, it's rumored the loans mentioned in the statement are 1-2 Billion pounds.

I mean, it's not rumored - its there in black and white in the club financials:

https://twitter.com/swissramble/status/1476816609851367431?l...

specifically, https://twitter.com/SwissRamble/status/1476819216909099162

"CFC only have £30m debt in the football club, down from £47m prior year, though it should be noted that the holding company, Fordstam Limited, does have £1.4 bln of debt in the form of an interest-free loan from the owner, theoretically repayable on 18 months notice." This is from FY21, so will have shifted since then, of course.

Re: Statement from Roman Abramovich

#9
post #3

For those of us that don't follow Premier League Football, what's the context here?

Oligarch, one of the richest russian businessman, a close ally to Yeltsin and Putin too [0]

Few days ago revealed that because of the current situation he will hand over "the stewardship and care of Chelsea FC" to a foundation, then pretty much everyone on the board stepped away [1]

Then today he announced he will sell the whole club instead

0, https://en.wikipedia.org/wiki/Roman_Abramovich#Relationship_...

1, https://uk.sports.yahoo.com/news/chelsea-foundation-trustees...

Re: Statement from Roman Abramovich

#10
post #3

For those of us that don't follow Premier League Football, what's the context here?

Roman Abramovich is a billionaire and the owner of Chelsea. The context is that he is Russian, Russia invaded Ukraine and now there are many calls to boycott Russian companies and block its oligarch from doing business outside of their home country.
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