ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, October 9, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Sports

BREAKING: Abramovich To Sell Chelsea Football Club

by NewsOnline Nigeria
March 2, 2022
in Sports, Headline
0
Chelsea Football Club

Abramovich has confirmed his intentions to sell Chelsea Football Club.

 

 

Newsonline reports that Roman Abramovich has confirmed reports of his intention to sell the Chelsea, according to a statement released on Wednesday by the club.

 

BREAKING: President Putin Agrees To End War With Ukraine, Gives Conditions

 

This online newspaper understands that Abramovich has been in the news over his suspected ties with the Russian government that recently invaded Ukraine and is “terrified of being sanctioned”

As per Sky, as many as eight multi-billionaires were being sounded out about their appetite to buy the club at a time when Abramovich faces the possibility of being sanctioned by the UK Government after Russia’s invasion of Ukraine.

He [Abramovich] also reportedly turned down an offer of £2.5bn for the club from an unidentified third party earlier this week, with bids of £3bn or more expected to be taken seriously.

Abramovich’s asking price is £3bn and is expected to issue letters to prospective bidders through his advisers on Wednesday, with a deadline set for indicative bids in mid-March.

The statement on the club’s website credited to Abramovich reads, “I would like to address the speculation in media over the past few days in relation to my ownership of Chelsea FC.

“As I have stated before, I have always taken decisions with the Club’s best interest at heart. In the current situation, I have therefore taken the decision to sell the Club, as I believe this is in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners.

“The sale of the Club will not be fast-tracked but will follow due process. I will not be asking for any loans to be repaid. This has never been about business nor money for me, but about pure passion for the game and Club.

“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. This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery.

“Please know that this has been an incredibly difficult decision to make, and it pains me to part with the Club in this manner. However, I do believe this is in the best interest of the Club.

“I hope that I will be able to visit Stamford Bridge one last time to say goodbye to all of you in person. It has been a privilege of a lifetime to be part of Chelsea FC and I am proud of all our joint achievements. Chelsea Football Club and its supporters will always be in my heart.

Thank you,

Roman”

Newsonline Nigeria reports that the sale of the club will bring Abramovich’s nearly two decade ownership of the club to an end.

ADVERTISEMENT
Previous Post

Senate Passes New Bills To Establish Federal Varsities In FCT, Rivers

Next Post

BREAKING: President Putin Agrees To End War With Ukraine, Gives Conditions

Next Post
President Putin

BREAKING: President Putin Agrees To End War With Ukraine, Gives Conditions

Trending Stories

No Content Available

Latest Stories

WhatsApp

WhatsApp Tests Username Feature to Replace Phone Numbers in Major Privacy Update

Former INEC Chairman Mahmoud Yakubu

Court Orders Arrest of Former INEC Chairman Mahmoud Yakubu

Gold Prices

Gold Prices Hit Record $3,800 as Global Central Banks Accelerate Buying Spree

CBN

CBN Imposes Tougher Sanctions on PoS Operators, Sets ₦5 Million Minimum Fine for Non-Compliance

Premium Times

Premium Times Reveals How It Uncovered Ex-Minister Uche Nnaji’s Certificate Scandal

Israel, Hamas

BREAKING: Israel, Hamas Agree To Trump’s Gaza Peace Plan in Landmark Deal

Nigeria Police

BREAKING: Nigeria Police Suspend Enforcement Of Tinted Glass Permit

OPay

OPay Faces Mounting Scandals as Fraud Cases, Legal Disputes Erode Public Trust

Moniepoint

Moniepoint Records $1.2 Million Loss in First Year of UK Operations Amid Expansion Drive

Adunni Ade Wins ₦20 Million Court Case Amid Alleged Romance Rumours With Dino Melaye

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria