In the span of just a few days, Roman Abramovich has ceded the “management and care” of Chelsea FC to the trustees of the club’s charitable foundation, which is said to have traveled to Belarus to try and broker peace talks between Russia and Ukraine, and now reportedly selling off a £200m portfolio of properties in London. A week has passed for the Russian billionaire.
After Russia’s invasion of Ukraine, things seemed “quickly clear” and “uncomfortable” for Abramovich, Sam Cunningham said. I news Place. As “the most famous Russian tycoon in the UK”, the 55-year-old is under “growing pressure” as many want him to face sanctions.
Worth an estimated $12.6 billion, according to ForbesAccording to real-time data, Abramovich’s interests include stakes in steel giant Evraz and Russian mining and metallurgy company Norilsk Nickel.
How Abramovich makes money
Abramovich’s story involves a “significant rise”, Daily mail speak. Born a “pocketless orphan” in Saratov, southwestern Russia, he was raised by his grandparents from the age of 4. He first started a business “selling plastic dolls on market stalls” after graduating from college.
Much of his fortune is “gained from the sale of formerly Russian state-owned properties that he acquired after the collapse of the Soviet Union”, Bloomberg speak. In 2005, he sold a 73% stake in Russian oil company Sibneft to state-owned Gazprom for $13 billion, Forbes reported. Once Russia’s richest man, Abramovich’s net worth peaked at $23.5 billion in 2008.
After the UK investor visa expired in April 2018, Abramovich, a Jew, was granted Israeli citizenship. Last year, he also obtained EU citizenship via a Portuguese passport. He is eligible under Portugal’s naturalization program for descendants of Sephardic Jews, Guardians reported.
‘Negotiation support at Kyiv’s request’
AFP said he kept a “low political profile”, but “his loyalty to Putin was rewarded by acting as governor of the vast Chukotka region, far to the east”.
This week The Jerusalem Post reported that Abramovich was in Belarus to help negotiate between Russia and Ukraine and was “supporting the negotiations at Kyiv’s request”. A spokesman would not comment on reports that Abramovich was in Belarus, but confirmed that he had been approached by Ukrainian officials.
“I can confirm that Roman Abramovich has been contacted by the Ukrainian side to assist in reaching a peaceful resolution and he has been trying to help since then,” the spokesman said. “Considering what is at stake, we would ask to understand why we are not commenting on such a situation nor his involvement.”
Glorious years at Stamford Bridge
Since Abramovich bought Chelsea in 2003, they have won “every trophy available”, Planet football speak. Before owning him, the Blues had won “just one top-flight title and five domestic cups in the 98 years before his arrival”.
The Blues have lifted 18 major trophies in the 19 years since the Russian arrived at Stamford Bridge. And last month, the defending Champions League champions completed the setup by beating Palmeiras 2-1 in the Fifa Club World Cup final. However, they missed out on a domestic title after losing on penalties to Liverpool in the League Cup final last weekend.
Chelsea’s titles under Abramovich far outstrip their English rivals, The Independent speak. Under the “empire of Rome”, the trophy cabinet at the Bridge included: 5 Premier League titles, 5 FA Cups, 3 League Cups, two Champions Leagues, two Europa Leagues, two Community Shields, a Uefa Super Cup and a UEFA Super Cup. Now it’s the Club World Cup.
Potential buyers revolve around Chelsea
Just weeks after the Club World Cup won, the future of Abramovich and Chelsea remains unclear. His decision to hand control over to the trustees of the club’s charity “implies” that the 55-year-old is “concerned that his substantial UK assets are about to be frozen”. when the government imposed sanctions on a ‘famous list’ of financiers. “, AFP reported. In one declare Abramovich said he “always makes decisions in the best interest of the club” and remains “committed to these values”.
In the past, Abramovich has “resisted many attempts” to buy Chelsea, Time reported. But Russia’s invasion of Ukraine has “opened the door to potential buyers because of the threat of government sanctions”.
There are at least three parties “going around the Stamford Bridge club in the belief that the Russian billionaire will, for the first time, consider a deal”, walkie talkie reported. Offers are being prepared to reach Abramovich by the end of the week. Previously, he had turned down offers of £2.2 billion for Chelsea, while the club’s debt to him was £1.51 billion, “an amount of which he is almost certain.” will certainly be paid.”
Interested parties are said to “have been told Abramovich wants around £4 billion for the club”, walkie talkie more. Swiss billionaire Hansjorg Wyss confirmed he was “one of the parties given the opportunity to make an offer”.
It’s not just football clubs reported for sale. Labor MP Chris Bryant has claimed that Abramovich is in a hurry to sell his UK properties to avoid potential financial sanctions, Guardians reported. In the Commons yesterday, Bryant used parliamentary privilege, which protects MPs from legal proceedings, to suggest that Abramovich is “taking steps to avoid having his assets frozen”. .
“I think he [Abramovich] Bryant said he’s scared of fines, that’s why tomorrow he’s going to sell his house and sell another apartment,” Bryant said. “My worry is that we spend too much time on these things.”
Abramovich’s £200 million London property portfolio includes a 15-bedroom mansion at Kensington Palace Gardens, worth more than £150 million, and a three-story penthouse at Chelsea Waterfront, worth an estimated 22 million pounds, Daily mail reported.
https://www.theweek.co.uk/news/people/955945/roman-abramovich-profile-chelsea-fc Roman Abramovich: Negotiate peace someday, sell Chelsea FC on what date?