The Times divulges Abramovich's plans to sell Chelsea for 1.2 billion euros

The Times divulges Abramovich's plans to sell Chelsea for 1.2 billion euros
Roman Abramovich

The Russian businessman, who has obtained Israeli citizenship, is going to put the legendary English club up for sale.

Earlier, Russian businessman Roman Abramovich withdrew documents for a British visa after receiving Israeli citizenship. It was stressed that the Israeli passport would allow Abramovich to stay in Britain for six months, but the absence of investor’s visa makes the owner of Chelsea football club ineligible to do business in the country.

As the reputable English paper The Times reports, now the Russian entrepreneur intends to sell Chelsea to cover his expenditures on the club in full.

According to the publication, Abramovich plans to get at least 1.2 billion euros from its sale.

It is known that the Chelsea owner has already decided to freeze the reconstruction of home stadium Stamford Bridge.

Tags: Oligarchs
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