Chelsea’s owner Roman Abramovich has decided to sell Chelsea, we take a look at all his decisions regarding the sale, their consequences and the club’s debt to him
On Wednesday, Roman Abramovich revealed that he has decided to sell Chelsea, bringing a nearly two-decade trophy-laden era at Stamford Bridge to an end.
Chelsea Debt To Roman Abramovich Total Amount
He also confirmed that he will write off the £1.5 billion debt, which Chelsea owes to him.
The Russian billionaire also stated that he will not seek repayment for the money he has loaned Chelsea since purchasing the club in 2003. Chelsea’s parent company, Fordstam Ltd, revealed in January that Abramovich had given the club £19.9 million last season, bringing the total related-party debts to £1.514 billion.
Who will Get the Money Earned from Selling Chelsea, What Does Net Proceeds Mean And How Much Money Will Roman Abramovich End Up Donating
In a statement released on Wednesday, Abramovich stated that the net earnings from the sale of the Premier League team would be donated to a charitable foundation that would support all victims of the Ukrainian war. 100% of the amount will go towards charitable foundation meaning that Abramovich won’t take any amount from the selling of Chelsea.
While there is no absolute clarity on what net proceeds would amount to, it is believed to be the money left after Abramovich has accounted for his loan to Chelsea, any sanctions he might face in the UK and the crashing value of the Russian currency including any other nitty gritties. The total amount which we will donate if the club is sold for 3 billion dollars could actually be around the 1 billion or even lower mark.
Abramovich has already begun a ‘fire sale’ of his sprawling London properties as he tries to offload Chelsea and £200million worth of properties.
Potential New Owner And Club Net Worth
Hansjorg Wyss, a Swiss businessman, is one of Chelsea’s possible buyers. he would like to buy the club as part of a group. According to him, he will be looking to buy Chelsea with the help of a group of six to seven investors.
Swiss billionaire Hansjorg Wyss and American investor Todd Boehly are planning to join forces and prepare a bid for the Blues. The price tag is reportedly around £3 Billion.
Consequences of Roman Abramovich’s Decision
The decision of selling Chelsea will surely bring a massive change at Chelsea and they will undergo an unstable period due to the change at helm after 19 years.
However, Roman Abramovich’s decision to write-off the debts of Chelsea will allow the club to survive in the long-term and have a stable finance. Further, the money earned from the sale will go towards helping Ukrainian War victims.
This massive fund donation will surely improve the image of Roman Abramovich and Chelsea. It will also change the mind of critics who urged UK to charge sanctions against Abramovich, who decided to come forward and help Ukrainian people despite his Russian background.
Roman Abramovich will suffer a huge loss financially due to writing-off the debts and donating the entire amount to charity. However, it will surely cleanse his negative image among people and build his legacy at Chelsea.
Also Read: Chelsea New Owner Odds, Net Worth, Valuation, Sale News, Debt To Roman Abramovich
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