Roman Abramovich has put Chelsea up for sale and is writing off the £1.5billion debt he is owed by the club.
In a twist of events , Abramovich broke his silence to confirm he is in the process of selling Chelsea – with proceeds of the prospective sale to be donated to the victims of war .
This is after the trustees declined to take over the running of the club as Abramovich was locked out of England due to Russias invasion into Ukraine.
Abramovich has instructed American bank the Raine Group to handle the sale.
Swiss medical magnate Hansjorg Wyss insists he has been given the opportunity to buy Chelsea as part of a consortium of ‘six or seven investors.
Sources claim Abramovich believes Chelsea is worth more than £3bn. However, it seems inevitable he will have to lower his expectations.
Chelsea’s debt to Abramovich, who took over in 2003, is £1.5bn.
The billionaire owner had earlier asked the Chelsea trustees to run the club while he is away but legal questions were raised on how decisions will be made
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