Abramovich has made a statement: Following media rumors regarding Chelsea FC’s sale, we’d like to clarify the following issues…
To begin with, Mr. Abramovich’s plans to donate the revenues from the Chelsea sale to charity have not changed.
Mr. Abramovich’s team has chosen top leaders from UN entities and big worldwide philanthropic organizations who have been entrusted with founding a Foundation and developing a roadmap for its operations since the first announcement. The principal independent expert has met with government officials to outline the structure and preliminary ideas.
Mr. Abramovich was not involved in this project, which was overseen by specialists with extensive experience working with humanitarian groups.
Second, Mr. Abramovich has not requested that any loan be repaid to him – such claims are completely incorrect, as claims that Mr. Abramovich upped the Club’s price at the last minute. Mr. Abramovich has encouraged each bidder to commit to investing in the Club throughout this process, including in the Academy, Women’s team, essential stadium reconstruction, and preserving the activities of the Chelsea Foundation.
Following the UK’s imposition of sanctions and other limitations on Mr. Abramovich since announcing the sale of the club, the loan has also been subject to EU penalties, necessitating extra clearances.
Continue >>> Abramovich has made a statement
That implies the cash will be frozen and will be subject to a judicial process overseen by authorities. The Foundation will continue to receive these payments. These limitations, as well as the legal ramifications, are known to the government.
To be clear, Mr. Abramovich does not have access to or control over these monies, and he will not have access to or control over them after the sale. Despite the fact that circumstances have changed since his first commitment, he is dedicated to finding a worthy caretaker for Chelsea FC and ensuring that the earnings are donated to charitable organizations.