By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Lifestyle UgandaLifestyle Uganda
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
    News
    Lifestyle Uganda brings you the latest news and information on Africa, Wizkid, Azawi, and Eddy Kenzo right from the heart of the industry.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    5th November 2021
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    19th September 2020
    lifestyleug.com__safe to travel to Uganda (1)
    Is It Safe to Travel to Uganda?
    16th December 2021
    Latest News
    $10,000 Donated by Exness to Help 2022 Nigerian Flood Victims
    20th January 2023
    Former Brazilian Minister of Sports Pele Died at the Age of 82
    30th December 2022
    37 Visa Exempt Countries to Uganda: A Complete List
    7th December 2022
    Who is Patrick Oboi Amuriat: Biography, Early Life, Family, Education, Career and Controversies
    28th November 2022
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
      • Fitness
      • Pop Culture
      • Recipes
      • Travel/Culture
    Entertainment
    With Lifestyle Uganda Entertainment you will be able to get the latest news from Uganda, Nigeria, Kenya, South Africa entertainment, celebrity gossip, films, TV shows,…
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    5th November 2021
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    19th September 2020
    Bobi Wine and Barbie Share First Joint Magazine Cover
    Bobi Wine and Barbie Share First Joint Cover on Parents Magazine in Kenya
    3rd November 2018
    Latest News
    Emma Hunton – An Advocate For Body Positivity After Her Weight Loss Journey
    30th May 2023
    Wayne Newton Net Worth: Discovering the Wealth of the Legendary Entertainer
    30th May 2023
    Amaarae Talks New Music, Upcoming Album, and Musical Roots with Zane Lowe on Apple Music 1
    4th May 2023
    Low-Profile TV Presenter Lynda Ddane Embroiled in Nude Video Scandal
    15th April 2023
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
    FashionShow More
    lifestyleuganda.com__Fenty Beauty appoints Nikita Kering as brand ambassador (1)
    Rihanna’s Fenty Beauty Appoints Nikita Kering As Brand Ambassador
    1st June 2022
    nowthendigital.com__Balenciaga to accept cryptocurrency payments (1)
    Fashion Label Balenciaga to Accept Cryptocurrency Payments in the U.S.
    28th May 2022
    Nicki Minaj at met gala 2022 (1)
    See Nicki Minaj, Hillary Clinton, Elon Musk, Alicia Keys and More at the 2022 Met Gala
    3rd May 2022
    lifestyleuganda.com-Judith Heard wins Miss Environment Africa International
    Judith Heard wins Miss Environment Africa International in India
    4th April 2022
    lifestyleuganda.com__judith heard india miss environment contest (1)
    Miss Environment International 2022: Judith Heard arrives in India
    22nd March 2022
  • Health & Living
  • Tips & Advice
Search
© 2023 Lifestyle Uganda. All Rights Reserved.
Reading: Abramovich Says Chelsea Is for Sale; Writes off £1.5bn in Loans
Share
Sign In
Notification Show More
Latest News
tiffani ftiffani faison weight lossaison weight loss
How Tiffani Faison Achieved Impressive Weight Loss Results
Health & Living
emma hunton weight loss
Emma Hunton – An Advocate For Body Positivity After Her Weight Loss Journey
Entertainment
wayne newton net worth
Wayne Newton Net Worth: Discovering the Wealth of the Legendary Entertainer
Entertainment
Jardiance and Metformin
Managing Type 2 Diabetes: Exploring the Benefits of Jardiance and Metformin
Health & Living
The 2023 Tusker Lite Mt Rwenzori Marathon
Tusker Lite Mt Rwenzori Marathon: A Celebration of Athletics and Natural Wonders
Lifestyle Travel/Culture
Aa
Lifestyle UgandaLifestyle Uganda
Aa
  • Home
  • News
  • Business
  • Entertainment
  • Health & Living
Search
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
  • Health & Living
  • Tips & Advice
Have an existing account? Sign In
Follow US
© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Lifestyle Uganda > Blog > Sports > Abramovich Says Chelsea Is for Sale; Writes off £1.5bn in Loans
SportsNews

Abramovich Says Chelsea Is for Sale; Writes off £1.5bn in Loans

Ssendaza Ismail
Last updated: 2023/01/27 at 11:36 AM
Ssendaza Ismail
Share
6 Min Read
lifestyleug.com__abramovich says chelsea for sale (1)
In a statement released on Wednesday, Abramovich said the net proceeds from the sale would be donated to a charitable foundation "to benefit all the victims of the war in Ukraine". He has owned Chelsea since 2003. PHOTO via @Yahoo Sports
SHARE

Chelsea owner Roman Abramovich said net proceeds from the sale will go to charity “to benefit all victims of the war in Ukraine”. Abramovich announced his intentions in a statement on Wednesday night.

lifestyleug.com__abramovich says chelsea for sale (1)
In a statement released on Wednesday, Abramovich said the net proceeds from the sale would be donated to a charitable foundation “to benefit all the victims of the war in Ukraine”. He has owned Chelsea since 2003. PHOTO via @Yahoo Sports

KAMPALA | LIFESTYLE UGANDA (https://lifestyleuganda.com/) — Chelsea owner Roman Abramovich has confirmed he has put the club on the market and written off the £1.5bn ($2bn) of loans he has made to the club. Hansjörg Wyss and Todd Boehly are part of a consortium of billionaires hoping to acquire the club.

A source told The Guardian that at least one other group is preparing to make a bid this week, with the hope of maintaining some form of leverage for the owner. The first move was made when Wyss, a Swiss businessman, said he was invited to join a consortium trying to buy Chelsea.

Chelsea’s owner, Roman Abramovich, announced Wednesday evening he intends to sell the club and will donate the net proceeds from the sale to a charitable foundation “for the benefit of all victims of the war in Ukraine.”.

Abramovich has owned Chelsea since 2003.

- Advertisement -

More Read

nigerian flood relief exness donated
$10,000 Donated by Exness to Help 2022 Nigerian Flood Victims
Former Brazilian Minister of Sports Pele Died at the Age of 82
37 Visa Exempt Countries to Uganda: A Complete List
Who is Patrick Oboi Amuriat: Biography, Early Life, Family, Education, Career and Controversies
2022 American Music Awards: Wizkid wins Best Afrobeat Artist

The statement

“I have always taken decisions with the club’s best interest at heart,” Abramovich said.

SEE ALSO  Sony Music Publishing Signs Grammy-nominated Singer Janelle Monae

“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.”

The billionaire said the sale of Chelsea was a “tough decision” and “it hurts me to part with the club in this way.” Abramovich said he would visit Stamford Bridge one last time to say goodbye.

SEE ALSO  Ketogenic Diet: Tips to Finding Out Whether Your Diet Works or Not

“It pains me to part with the club in this manner,” said Abramovich of the sale. He said he hoped to make one final trip to Stamford Bridge before leaving.

- Advertisement -

Hansjörg Wyss, an 86-year-old, worth an estimated £4.3 billion, has teamed up with Todd Boehly, a part-owner of the Los Angeles Dodgers baseball team, worth an estimated £5 billion, to purchase Chelsea.

Several other investors are involved with them, including at least two US investors, according to reports.

Following a highly eventful five days in which he announced plans to relinquish control of Chelsea and was accused of hastily selling UK properties to avoid potential financial sanctions, Abramovich has decided to sell Chelsea.

- Advertisement -

The decision by Abramovich to transfer the care of Chelsea to the charity foundation followed a call from parliament for him to face sanctions following Russia’s invasion of Ukraine.

Reports suggesting he is close to Vladimir Putin and Russia, or that he deserves to be sanctioned, have been vehemently denied by the 55-year-old.

SEE ALSO  De Blasio paints Black Lives Matter on Avenue in front of Trump Tower

In an interview with The Blick, Wyss said he had been approached by a consortium of “six or seven investors” but added that the asking price was too high.

Wyss told Blick that Abramovich has been selling all his English villas and that he wants Chelsea to be sold quickly too.

“Abramovich wants to sell all his villas in England as well as Chelsea quickly,” Wyss told Blick.

“I and three other people received an offer on Tuesday to buy Chelsea from Abramovich. I have to wait four to five days now. Abramovich is currently asking far too much. You know, Chelsea owe him £2bn. But Chelsea has no money. As of today, we don’t know the exact selling price.”

According to reports, Boehly’s £2.2bn bid for Chelsea was rejected in 2019. He is also the co-founder, chairman and CEO of Eldridge Industries, an investment firm that invests in sectors including media and sport.

Wyss has worked for Eldridge for many years, and he is former CEO and president of Synthes Holding AG, a medical device manufacturer. Wyss is also a supporter of liberal and environmental causes in the U.S., where he lived for a number of years.

You Might Also Like

$10,000 Donated by Exness to Help 2022 Nigerian Flood Victims

Former Brazilian Minister of Sports Pele Died at the Age of 82

37 Visa Exempt Countries to Uganda: A Complete List

Who is Patrick Oboi Amuriat: Biography, Early Life, Family, Education, Career and Controversies

2022 American Music Awards: Wizkid wins Best Afrobeat Artist

TAGGED: chelsea for sale, chelsea sale roman abramovich, roman abramovich

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Whatsapp Whatsapp Reddit Copy Link
Share
By Ssendaza Ismail
Follow:
A Blogger that gives you the latest news and gossip on the hottest local and international celebrities. Previously, Ismail worked as a System Administrator at Pearl VoIP & 3GTelecommunication UK for 6 months as remote Network operations center engineer(NOC). Let's talk, WhatsApp: +256753659743
Previous Article lifestyleug.com__investing in precious metals with rear capital review How A Lear Capital Review Helps You Invest In Precious Metals
Next Article lifestyleug.com__italy international students What Are the Most Popular Universities in Italy for International Study Programs?
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

45.2k Followers Like
5.1k Followers Follow
213 Followers Pin
35.6k Followers Follow
11k Subscribers Subscribe
400 Followers Follow
- Advertisement -

Latest News

tiffani ftiffani faison weight lossaison weight loss
How Tiffani Faison Achieved Impressive Weight Loss Results
Health & Living 30th May 2023
emma hunton weight loss
Emma Hunton – An Advocate For Body Positivity After Her Weight Loss Journey
Entertainment 30th May 2023
wayne newton net worth
Wayne Newton Net Worth: Discovering the Wealth of the Legendary Entertainer
Entertainment 30th May 2023
Jardiance and Metformin
Managing Type 2 Diabetes: Exploring the Benefits of Jardiance and Metformin
Health & Living 30th May 2023

Follow Us

//

At Lifestyle Uganda, we inform, entertain, and inspire action through the content we create — empowering you to live a celebrity life.

Quick Link

  • Home
  • News
  • Business
  • Entertainment
  • Health & Living

Top Categories

  • About Us
  • Send a Tip
  • Terms of Use
  • Privacy Policy
  • Contact

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Lifestyle UgandaLifestyle Uganda
Follow US

© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?